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Chartered Wealth Manager (CWM) Global Examination

Last Update 19 hours ago Total Questions : 1057

The Chartered Wealth Manager (CWM) Global Examination content is now fully updated, with all current exam questions added 19 hours ago. Deciding to include GLO_CWM_LVL_1 practice exam questions in your study plan goes far beyond basic test preparation.

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Question # 261

Which of the following costs best describes the cost of foregone income that results from making an economic decision to use funds to purchase a piece of equipment?

A.

Cost of Capital

B.

Fixed Cost

C.

Marginal Cost

D.

Opportunity Cost

Question # 262

According to the dividend-growth model, the valuation of common stock depends on

A.

I and II

B.

I and III

C.

II and III

D.

All of the above

Question # 263

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

Question # 264

The provision of fraudulent transfer is given in-

A.

Section 49 of the Transfer of Property Act, 1882

B.

Section 50 of the Transfer of Property Act, 1882

C.

Section 51 of the Transfer of Property Act, 1882

D.

Section 53 of the Transfer of Property Act, 1882

Question # 265

The subscription paid into PPF account enjoys the tax benefit under

A.

Sec 80D

B.

Sec 10

C.

Sec 80C

D.

Sec 80G

Question # 266

Under a post office recurring deposit account, loan up to ______ of the deposit may be taken after __________ year and before maturity.

A.

Full, 2

B.

Half, 1

C.

Full, 3

D.

Half. 3

Question # 267

Beta less than lies an indication that the security would move __________.

A.

in line with the market

B.

lesser than the market

C.

more than the market

D.

Inverse with the market

Question # 268

………………………arises by operation of law eg trust created under MWP Act

A.

Express trust

B.

Implied trust

C.

Pre-catory trust

D.

Constructive trust

Question # 269

The yield to call

A.

Is important if interest rates have fallen

B.

Is important if interest rates have risen

C.

Equals the yield to maturity

D.

Equals the current yield

Question # 270

A portfolio consists of 50% of investment ‘R’ that earned 10%, 25% of investment ‘S’ that earned 6% and 25% of investment ‘T’ that earned 9%. Compute the weighted average return?

A.

8.75%

B.

8.50%

C.

9%

D.

8.25%

Question # 271

Mr.Dinesh is transferred to Delhi and is paid a shifting allowance of Rs.20000 by his employers out of which he spends Rs.18000 for shifting his family and personal effects. Which of the following is true?

A.

The whole of Rs.20,000 is exempt as a casual receipt

B.

The whole of Rs.20,000 is exempt under section 10(14)

C.

Rs.18,000 is exempt from tax under Section 10(14)

D.

Rs.18,000 is exempt as a casual receipt

Question # 272

Ram is working in Rashid Enterprises, a proprietorship firm.During his working hours Ram was injured seriously. Due to this injury Ram was hospitalized for six months. Ram is the only bread winner of his family. Ms. Rashid, the proprietor of Rashid Enterprises is liable to pay damages to Ram. Under which of the following policy Rashid can protect himself from this liability?

A.

The Directors’ and officers liability policy

B.

Key Person Life Insurance Policy

C.

Product Liability Insurance

D.

Employer’s Liability Insurance Policy

Question # 273

Which of the following is an aspect of the first principle underlying Supervisory Review Process in Basel framework?

A.

Banks should have a process for assessing their overall capital adequacy in relation to their risk profile.

B.

Banks should have a strategy to maintain their capital level.

C.

Both of the above.

D.

None of the above. The act does not define a banking company.

Question # 274

You want to have Rs. 1,000,000 when you retire in 30 years. You expect to earn 12% compounded monthly over the entire 30-year period. How much extra money per month must you deposit if you choose to fund using an ordinary annuity technique rather than an annuity due technique ?

A.

3.84

B.

2.8

C.

2

D.

3

Question # 275

Accrued Interest on loan for self occupied property is Rs.110000 till 31 March 2010. Loan was taken for construction on 31/07/2006 and construction completed on 03/04/10. Interest for the year 2010-11 is Rs 22000. Determine what interest shall be allowed u/s 24(b) for AY 2011-12

A.

132000

B.

44000

C.

110000

D.

22000

Question # 276

You bought a stock for Rs. 28.29 that paid the following dividends

After the third year, you sold the stock for Rs. 35. What was the annual rate of return?

A.

14%

B.

13%

C.

12%

D.

11%

Question # 277

The minimum amount for secured lenders to take the benefit of SARFAESI is _______.

A.

Rs. 1 lakh

B.

Rs. 5 lakh

C.

Rs. 10 lakh

D.

Not specified

Question # 278

The government regulates financial markets for three main reasons:

A.

to ensure soundness of the financial system, to improve control of monetary policy, and to increase the information available to investors.

B.

to improve control of monetary policy, to ensure that financial intermediaries earn a normal rate of return, and to increase the information available to investors.

C.

to ensure that financial intermediaries do not earn more than the normal rate of return, to ensure soundness of the financial system, and to improve control of monetary policy.

D.

to ensure soundness of financial intermediaries, to increase the information available to investors, and to prevent financial intermediaries from earning less than the normal rate of return.

Question # 279

Which one of the following is/are correct?

A.

(i) only

B.

(ii) only

C.

Both are correct

D.

Both are incorrect

Question # 280

Total Domestic Income is equal to _______

A.

GDP at factor cost + Stock appreciation

B.

GNP at factor cost – NPIFA – statistical discrepancy + stock appreciation

C.

NNP at factor cost + Capital consumption – NPIFA – statistical discrepancy + stock appreciation

D.

All of the above

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