GLO_CWM_LEVEL_I : Chartered Wealth Manager (CWM) Global Examination

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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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