Latest GLO_CWM_LEVEL_I Practice Tests with Actual Questions

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AAFM

GLO_CWM_LEVEL_I

Chartered Wealth Manager (CWM) Global Examination

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Question: 89

What is burn Arbun?

A . Loan of a particular piece of property B . Credit sale

C . Down payment D . Deposits in trust

Answer: C

Question: 90

Urban land means land situated in area not being more than ………………from local list of local authority as notification in official Gazette

A . 5 km B . 8 km C . 10 km D . 20 km

Answer: B

Question: 91

Which of the following is allowed as deduction from net annual value of a property? A . Repairs & collection charges

B . Insurance premium

C . Interest on loan borrowed for repairs D . All the above

Answer: C

Question: 92

IFSC stands for:

A . Inter-bank Financial Sector Code B . Inter-bank Funds Settlement code C . Inter-bank Financial Service Code D . None of the above

Answer: B

Question: 93

Surender the driver causes injuries to a pedestrian by rash driving of car. The injured victim had to spend Rs.1000 in treating his injuries. Surender ‘s act has created liabilities under

A . Common law B . Contract

C . Statue and Common law D . Statute only

Answer: C

Question: 94

For a “single income family” priority is on A . Protecting income via a term plan

B . Investing in commodities to grow wealth C . Investing in Mutual Funds to grow wealth D . None of the above

Answer: A

Question: 95

A public trust is created for the benefit of A . Individuals only

B . Family member

C . Uncertain and fluctuating body of persons D . Charitable purposes only

Answer: C

Question: 96

Any amount payable and the amount of refund due under the Income Tax Act,1961 shall be rounded off to the nearest multiple of……….?

A . Rs. 10 B . Rs. 1

C . Rs. 100

D . No rounded off is done

Answer: A

Question: 97

Under the Provisions of Transfer, of Property Act, the unborn child acquires vested interest- A . Upon his birth

B . 7 days after his birth C . 12 days after his birth D . 18 years after his birth

Answer: A

Question: 98

Unabsorbed depreciation can be carried forward for . A . 8 Years

B . 4 Years C . Indefinite D . None

Answer: C

Question: 99

What is the minimum amount one can deposit in a PPF account in a financial? A . Rs. 400 per annum

B . Rs. 500 per annum C . Rs. 100/-per annum D . Rs. 5/-per annum

Answer: B

Question: 100

SHG stands for:

A . Society Housing Group B . Society Household Group C . Self House Group

D . Self Help Group

Answer: D