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            AAFM



            GLO_CWM_LEVEL_I







            Chartered Wealth Manager (CWM) Global Examination










            https://killexams.com/pass4sure/exam-detail/GLO_CWM_LEVEL_I















    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








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