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Chartered Wealth Manager (CWM) Global Examination

Last Update 23 hours ago Total Questions : 1057

The Chartered Wealth Manager (CWM) Global Examination content is now fully updated, with all current exam questions added 23 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 # 61

Which of the above statements is/are correct?

A.

(i) only

B.

(ii) only

C.

(i) and (ii) both are correct

D.

Both are incorrect

Question # 62

Case: The returns of 2 shares are as follows

Calculate the covariance of returns.

A.

220.32

B.

–420.11

C.

162.08

D.

270.36

Question # 63

In case of life insurance insurable interest should exist at the time of

A.

(i) only

B.

(ii) only

C.

(i) and (ii) both

D.

None of the above

Question # 64

Calculate premium payable for term insurance policy of Rs. 10 lacs, for a group of 278 people of 39 years of age. The Mortality Table shows that in this age group 2,681 people die every year in a group of 12,50,000.

A.

Rs. 784250.60

B.

Rs. 485005.75

C.

Rs. 592100.50

D.

Rs. 596254.40

Question # 65

Sunil submits you the following particulars:

A.

Sunil deposited a sum of Rs. 3, 50,000/- on 25-06-2010 in the capital gain scheme as he intends to buy an agricultural land later. Out of the sale proceeds of gold, he has invested Rs. 1, 60,000/- on the purchase of residential house property on 13-05-2010. The shares were sold through a recognized stock exchange.

Compute taxable gain for the Assessment Year 2012-13. [CII- 12-13: 852, 11-12: 785, 10-11:711, 83-84: 116]

B.

LTCG-23520/-,STCG:NIL

C.

LTCG-NIL,STCG:20000/-

D.

LTCG-12586/-,STCG:20000/-

E.

LTCG-5520/-,STCG:NIL

Question # 66

Which of the following is a reasonable assumption to make about the understanding of a client on the Wealth planning Process?

A.

Client would have identified a desirable asset allocation

B.

Client would have some prior understanding of the assumptions on which the wealth plan is made

C.

Client would understand the financial products being recommended

D.

Client would be able to identify his financial goals

Question # 67

A weaker Rupee benefits _____ and hurts _____

A.

Indian businesses; Indian consumers.

B.

Indian businesses; foreign consumers.

C.

Indian consumers; Indian businesses.

D.

foreign businesses; Indian consumers.

Question # 68

A borrower defaults on a secured loan of Rs. 50,000. The underlying security is worth Rs. 60,000. Which of the following is true? "

A.

" Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower. "

B.

Bank cannot sell the underlying security because its value is higher than loan.

C.

" Bank can retain the entire Rs. 60,000 "

D.

" The excess of Rs. 10,000 has to be shared equally between the bank and the borrower. "

Question # 69

Payback period is

A.

Time required to recover the operating cost

B.

Time required for cash flows to recover cost of investment and opportunity cost

C.

Time required for cash flows to recover the cost of investment

D.

None of the above

Question # 70

Choose the amount of final tax liability of R for the assessment year 2007-08:

A.

17100

B.

17442

C.

15700

D.

16014

Question # 71

Calculate the Paid up Value ( PV) under a policy with the following particulars

A.

Rs. 8,000

B.

Rs. 17,750

C.

Rs. 20,000

D.

Rs. 25,000

Question # 72

(CII for 1992-1993=223 and CII for 2011-2012 =785)

Calculate the LTCG in both cases?

A.

12,00,000 and 1,43,946

B.

10,80,000 and 1,45,850

C.

11,00,000 and 10,80,000

D.

10,00,000 and 10,12,946

Question # 73

A Post Office Recurring Deposit account can be prematurely closed after _______ years and ________ interest would be payable on prematurely closed account.

A.

4 Years, Post Office Time Deposit

B.

3 Years, Post Office Savings Account

C.

1 Year, Post Office Recurring Deposit

D.

1 Year, Post Office Savings Account

Question # 74

In book building method, if floor price is set at 100, what can be the maximum price of the cap?

A.

105

B.

110

C.

120

D.

130

Question # 75

Which of the following statement is/are correct?

A.

Only (i) an correct

B.

Only (ii) are correct

C.

Both

D.

None

Question # 76

Rule of 72 is used for

A.

Calculating the time in which an amount invested would double

B.

Calculating the time in which an amount invested would triple

C.

Calculating the time in which an amount invested would halve

D.

None of the above

Question # 77

Open Market Operations is an important tool for central banks in ___________.

A.

bullish equity market conditions

B.

bearish equity market conditions

C.

countries where debt market is developed

D.

countries where debt market is under-developed

Question # 78

Liquid assets comprise

A.

Certificate of Deposits

B.

Money Market Mutual Funds

C.

Funds in savings account

D.

All of the above

Question # 79

According to the Gordon model, the discount rate used by the investors exhibits what type of relationship with the retention rate?

A.

A directly proportional

B.

An inversely proportional

C.

No relationship at all

D.

Option A & B both

Question # 80

If the assessed lets out his house to his employer, which in turn allots the same to him as rent free accommodation? How would such house property will be treated as:

A.

Self occupied

B.

Let out

C.

Partly let out & partly self occupied

D.

Partly let out and partly vacant

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