Summer Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: buysanta

Exact2Pass Menu

Chartered Wealth Manager (CWM) Global Examination

Last Update 22 hours ago Total Questions : 1057

The Chartered Wealth Manager (CWM) Global Examination content is now fully updated, with all current exam questions added 22 hours ago. Deciding to include GLO_CWM_LVL_1 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our GLO_CWM_LVL_1 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these GLO_CWM_LVL_1 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Chartered Wealth Manager (CWM) Global Examination practice test comfortably within the allotted time.

Question # 101

Under Motor Vehicles Insurance, liability only policy covers property damage up to Rs. _________, in case of private cars & commercial vehicles, and Rs. ________, in case of two wheelers, although Motor Vehicle Act requires a cover of only Rs. ________.

A.

Rs. 10,00,000 Rs. 5,00,000 Rs. 6,00,000

B.

Rs. 7,50,000 Rs. 1,00,000 Rs. 6,000

C.

Rs. 5,00,000 Rs. 2,00,000 Rs. 60,000

D.

Rs. 4,00,000 Rs. 3,00,000 Rs. 60,000

Question # 102

Concept of final pay is a feature of

A.

Defined benefit plan

B.

Defined contribution plan

C.

Hybrid plan

D.

None of the above

Question # 103

If a preferred stock pays an annual Rs. 4.50 dividend, what should be the price of the stock if comparable yields are 10 percent? What would be the loss if yields rose to 12 percent?

A.

Rs. 450/- loss Rs. 75

B.

Rs. 45/- loss Rs. 7.50

C.

Rs. 45/- loss Rs. 4.50

D.

Rs. 450/- loss Rs. 6.25

Question # 104

Mr. Vivek Kalra deposits Rs.11,00,000 today in an investment that would pay after 6 years Rs. 1,00,000 per year for 5 years and Rs. 1,50,000 for the next 5 years. What would be the balance in the account after the last payment is made if the ROI is 18% per annum compounded annually.?

A.

2969509

B.

6078097

C.

12832083

D.

11283083

Question # 105

No society shall be dissolved unless …………………of the member shall have expressed a will for dissolution by their other

A.

One fifth

B.

Two fifth

C.

Three fifth

D.

All the members

Question # 106

Suppose there is Portfolio “P” available for investment in the market which has a correlation with the market of 0.70.

What portion of the risk of the portfolio can be eliminated through diversification?

A.

49%

B.

30%

C.

70%

D.

51%

Question # 107

Your client Mr. Singhania expressed his intention to write his will in his own handwriting such a will which is wholly in the handwriting of the testator is renown as:

A.

Nuncupative will

B.

Holograph will

C.

Sham will

D.

Manuscript will

Question # 108

Mr. M is an area manager of M/s Allwin Ltd. During the financial year 2007-08, he gets the following emoluments from his employer:

Compute taxable salary of Mr. M for the Assessment year 2008-09.

A.

Rs. 2,75,000

B.

Rs. 3,09,850

C.

Rs. 2,48,800

D.

Rs. 3,53,000

Question # 109

Which assets are totally except from wealth tax?

A.

(i), (ii), (iii)

B.

(i), (ii), (iii), (iv), (v)

C.

(iv), (v)

D.

(ii), (iii) (v)

Question # 110

Rate of 15% pea compounded annually will be equal to ---------------- % per month.

A.

1.25% per month

B.

1.7149% per month

C.

1.17149% per month

D.

1.117% per month

Question # 111

Banks, savings and loan associations, mutual savings banks, and credit unions

A.

are no longer important players in financial intermediation.

B.

have been providing services only to small depositors since deregulation.

C.

have been adept at innovating in response to changes in the regulatory environment.

D.

All of the above.

Question # 112

Aditya’s father has given him general power of attorney what does this mean?

A.

He has given Harish the right to appoint himself as the sole beneficiary of estate

B.

He has given Harish the right to make decision in all matters and take action on his behalf should be become incompetent

C.

He has given Harish the immediate right to make decision in all matters and take action on his behalf

D.

None of the above

Question # 113

In a life insurance contract, offer refers to

A.

Proposer paying the first premium

B.

Proposer’s application form for insurance

C.

Original policy bond

D.

Company brochure duly authenticated

Question # 114

What would be the tax liability if tea and snacks are provided in the office after office hours?

A.

Nil

B.

Nil, if it is uptoRs. 50 per meal

C.

Actual amount spent by the employer

D.

Nil, if it is upto Rs. 75 per meal

Question # 115

Which one of the following Sections of the Transfer of Property Act defines “Transfer of Property”?

A.

Section3

B.

Section4

C.

Section 5

D.

Section 6

Question # 116

Family Offices provide _____________

A.

Specialist advice and planning

B.

Investment Management

C.

Administration

D.

All of the above

Question # 117

Which of the following is true for written down value method of calculating depreciation?

A.

The depreciation charge remains uniform throughout the year.

B.

Depreciation charged in initial years is less than straight line method.

C.

The depreciation charge reduces throughout the life of the asset.

D.

None of the above

Question # 118

Which of the following statement(s) is /are true about financial risk?

A.

I and II

B.

II and III

C.

I and III

D.

All of the above

Question # 119

What do you mean by ‘Mortgage’?

A.

To Sell

B.

To pledge

C.

Type of installment credit

D.

None of the above

Question # 120

Essential requirement for the person who can attest the will is that he

A.

Must be a relative

B.

Must be one of the beneficiaries

C.

Must witness the testator executing the will

D.

Must be lawyer

Go to page: