Summer Certification Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code = getmirror

Pass the AAFM Chartered Wealth Manager GLO_CWM_LVL_1 Questions and answers with ExamsMirror

Practice at least 50% of the questions to maximize your chances of passing.
Exam GLO_CWM_LVL_1 Premium Access

View all detail and faqs for the GLO_CWM_LVL_1 exam

Go to Exam

732 Students Passed

97% Average Score

95% Same Questions
Viewing page 9 out of 16 pages
Viewing questions 161-180 out of questions
Questions # 161:

A fraud is discovered with respect to an loan that has turned NPA. When is the earliest that it can be treated as a doubtful asset?

Options:

A.

Immediately

B.

Has remained sub-standard for upto 2 quarters

C.

Has remained NPA for upto 1 quarter

D.

Has remained NPA for upto 1 year

Questions # 162:

The punishment of imprisonment for dishonour of cheques could extend up to:

Options:

A.

6 months

B.

9 months

C.

1 year

D.

2 years

Questions # 163:

Maximum no .of members in case of public company is

Options:

A.

0

B.

unlimited

C.

50

D.

100

Questions # 164:

Which of the following measures is based only on two observations in a data set?

Options:

A.

Arithmetic mean

B.

Standard deviation

C.

Geometric mean

D.

Range

Questions # 165:

In ________, the values exchanged by the contracting parties may not necessarily be equal

Options:

A.

Aleatory contracts

B.

Conditional contract

C.

Personal contract

D.

Unilateral contract

Questions # 166:

Dividend received by a shareholder from an Indian company the whole of whose income is agricultural income shall be treated as:

Options:

A.

agricultural income in the hands of shareholder and thus exempt

B.

agricultural income and thus exempt but it will be subject to partial integration

C.

exempt under section 10(34) but taxable in the hands of the company

D.

income taxable under the head income from other sources

Questions # 167:

_______________ and _______________ mandates are two kinds of service level contracts

Options:

A.

Advisory, Discretionary

B.

Discretionary, Managed

C.

Advisory, Managed

D.

None of the above

Questions # 168:

All the following statements concerning unsystematic risk are correct EXCEPT:

Options:

A.

It cannot be reduced by diversification.

B.

It is that portion of total risk that is unique to the particular firm.

C.

It may be affected b changes in consumer preferences and the competence of the firm’s management.

D.

Such risk may be independent of factors affecting other industries

Questions # 169:

General Insurance business was established in India in

Options:

A.

1818

B.

1938

C.

1912

D.

1850

Questions # 170:

If any person has escaped assessment for any assessment year in respect of wealth tax no action shall be taken after the expiry of………

Options:

A.

One year

B.

Two years

C.

Three Years

D.

Four Years

Questions # 171:

What is the minimum paid up capital needed to form a Pvt. Company?

Options:

A.

No Minimum requirement

B.

Rs. 50000

C.

Rs. 100000

D.

Rs. 500000

Questions # 172:

Hybrid plans are

Options:

A.

Combination of DB & ESOP plan

B.

Combination of DB & DC plan

C.

Combination of ESOP and Money purchase plan

D.

None of the above

Questions # 173:

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

Options:

A.

Interest risk is the uncertainty associated with changes in interest rates, the possibility of loss resulting from increases in interest rates.

B.

Interest risk refers to the tendency of security prices, especially fixed income securities, to move inversely with changes in the rate of interest.

C.

Only option A

D.

Option A & B both

Questions # 174:

What do you mean by deceased to have died intestate?

Options:

A.

Person died with not estate

B.

Receive property from a deceased person

C.

Person dies without a will or a valid will

D.

Person named in the will to carry out the settlement of an estate

Questions # 175:

Which of the following statement is/are true?

Question # 175

Options:

A.

I and II

B.

I,II and III

C.

I,III and IV

D.

All statements are true

Questions # 176:

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:

Options:

A.

Self occupied

B.

Let out

C.

Partly let out & partly self occupied

D.

Partly let out and partly vacant

Questions # 177:

Indian Inherihence Law permits a married woman to acquire jewellery to worth of?

Options:

A.

Rs 400000

B.

Rs 500000

C.

Rs 300000

D.

Rs 600000

Questions # 178:

In case of an individual and HUF cash in hand in excess of …………… shall be included in assets

Options:

A.

Rs. 5000

B.

Rs. 10000

C.

Rs. 25000

D.

Rs. 50000

Questions # 179:

Financial goals must be SMART. SMART stands for _________________

Options:

A.

Seek, Measure, Attainable, Realistic, Time bound

B.

Seek, Monitor, Attainable, Realistic, Time bound

C.

Specific, Measurable, Attainable, Realistic, Time bound

D.

Specific, Measurable, Attainable, Rewarding, Time bound

Questions # 180:

Which of the following statements in reference to REPO Rate is/are correct?

Question # 180

Options:

A.

I,II and III

B.

I and II

C.

I and III

D.

II and III

Viewing page 9 out of 16 pages
Viewing questions 161-180 out of questions
TOP CODES

TOP CODES

Top selling exam codes in the certification world, popular, in demand and updated to help you pass on the first try.

2V0-11.25
ADM-201
Agentforce-Specialist
CMMC-CCP
Data-Cloud-Consultant
PDI
PSE-Strata-Pro-24
Secure-Software-Design
Sharing-and-Visibility-Architect
Workday-Pro-Integrations
ZDTA