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Guide for GLO_CWM_LVL_1: AAFM Chartered Wealth Manager (CWM) Global Examination

Quiz GLO_CWM_LVL_1: AAFM Chartered Wealth Manager (CWM) Global Examination

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/ 10

Quiz

1/10
Notice of loss should be given to the insurer within days of the event of loss.
Select the answer
1 correct answer
A.
30
B.
15
C.
7
D.
21

Quiz

2/10
For calculating the benefit under Entertainment allowance, salary means,
Select the answer
1 correct answer
A.
Basic Salary
B.
Basic Salary + DA
C.
Basic Salary + DA + commission
D.
Basic Salary + DA + commission + Bonus

Quiz

3/10
The following is capital receipt:
Select the answer
1 correct answer
A.
Dividend from investment;
B.
Bonus shares;
C.
Sale of technological know- how;
D.
Compensation received for compulsory evacuation of place of business.

Quiz

4/10
Hedging with commodity futures
Select the answer
1 correct answer
A.
reduces the risk of loss
B.
results when an investor buys a contract
C.
occurs when the individual takes delivery
D.
is the opposite of selling short

Quiz

5/10
“Premium” is associated with
Select the answer
1 correct answer
A.
Forward
B.
Futures
C.
Options
D.
All of the above

Quiz

6/10
Which of the following is/are correct?

Certification Exam GLO_CWM_LVL_1: AAFM Chartered Wealth Manager (CWM) Global Examination AAFM AAFM-GLO_CWM_LVL_1 1-2429811165
Select the answer
1 correct answer
A.
Both A and B statements are true
B.
Statement A is true
C.
Statement B is true
D.
Both A and B are not true

Quiz

7/10
Rapid accumulation stage suggests that the net worth is
Select the answer
1 correct answer
A.
1 times of annual income
B.
2 times of annual income
C.
3 times of annual income
D.
4 times of annual income

Quiz

8/10
Which of the following are the basic requirements for an existence of an HUF?

Certification Exam GLO_CWM_LVL_1: AAFM Chartered Wealth Manager (CWM) Global Examination AAFM AAFM-GLO_CWM_LVL_1 2-727358222
Select the answer
1 correct answer
A.
Only I and II
B.
Only II and III
C.
All of these
D.
Only I and III

Quiz

9/10
X Ltd. has failed to remit the tax deducted at source from annual rent of Rs. 6,60,000 paid to Mr. A for
its office building. The said rent is
Select the answer
1 correct answer
A.
fully allowable as a business expenditure
B.
not allowable in view of Section 40(a)(I)
C.
allowable to the extent of 50%;
D.
none of the above

Quiz

10/10
Post office term deposit can be opened for 10 years
Select the answer
1 correct answer
A.
TRUE
B.
FALSE
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Info quiz:

  • Quiz name:GLO_CWM_LVL_1: AAFM Chartered Wealth Manager (CWM) Global Examination
  • Total number of questions:1057
  • Number of questions for the test:50
  • Pass score:80%

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