Updated Oct-2021 Test Engine to Practice Test for GLO_CWM_LVL_1 Exam Questions and Answers!
Chartered Wealth Manager (CWM) Global Examination Certification Sample Questions and Practice Exam
NEW QUESTION 600
Major phases of budgeting process are:
- A. Assessing current situation and planning financial direction
- B. Assessing Current situation and recommendation of products
- C. None of the above
- D. Recommendation of products and Planning Financial direction
Answer: A
NEW QUESTION 601
Ram purchased a house in Mumbai in March 2004 for Rs.12,50,000. In April, 2011 entered into an agreement to sell the property to Shyam for a consideration of Rs.19,75,000 and received earnest money of Rs.50,000. As per the terms of the agreement, the balance payment was to be made within 30 days of the agreement. If the intending purchaser does not make the payment within 30 days, the earnest money would be forfeited. As Shyam could not make the payment within the stipulated time the amount of Rs.50,000 was forfeited by Ram.
Subsequently Ram sold the house in June,2012 for Rs. 21,30,000. He paid 2% brokerage on sale of the house.
Calculate the capital gains chargeable to tax for the assessment year 2012-13. [CII-12-13: 852,11-12:
785,10-11:711,03-04:463]
- A. 0
- B. 1
- C. 2
- D. 52,843
Answer: D
NEW QUESTION 602
M3 growth refers to ........
- A. Growth in inflation
- B. Growth in money supply
- C. Growth in GDP
- D. Growth in demand for money
Answer: B
NEW QUESTION 603
The relevant banking ombudsman for filing a complain regarding credit card with central processing is the one under whose jurisdiction __________.
- A. The head office of the bank falls
- B. The nearest bank branch falls
- C. The central processing center of the bank falls
- D. None of the above
Answer: D
NEW QUESTION 604
Which of the following feature differentiates a commodity futures contract from a financial futures contract?
- A. Varying quality of underlying asset
- B. Standardized contract
- C. MTM settlement
- D. Exchange traded product
Answer: A
NEW QUESTION 605
Which of the following is/are the desirable contents of a will?
- A. I, III and IV
- B. II , III and IV
- C. I ,II and III
- D. All of these
Answer: B
NEW QUESTION 606
The expected return and standard deviations of stock A & B are:
Amit buys Rs.20,000 of Stock A and sells short Rs.10,000 of Stock B using all the Proceeds to buy more or stock A.
The correlation Between the two securities is. 35. What are the expected return & standard deviation of Amit's portfolio?
- A. 20% , 14.5%
- B. 8.8%, 7.03%
- C. 9.8%, 15.6%
- D. 3.5%, 15.5%
Answer: A
NEW QUESTION 607
In a "Pure Play" model of wealth management
- A. None of the above
- B. Wealth Management is viewed as the core business of the firm
- C. Focus is on wide array of products of which private banking is one
- D. Wealth Management and investment banking are the core business of the bank
Answer: B
NEW QUESTION 608
Which of the following statement is not true?
- A. In a variable growth model, the dividend is assumed to grow at a constant rate forever after a initial growth period T
- B. Value of a bond with semi-annual interest rate, is greater than the value of bond providing interest on annual basis T
- C. All of the above
- D. Constant/variable growth model, for the valuation of equity share, is applicable for the growth rate g ?
ke F
Answer: D
NEW QUESTION 609
The arbitrage pricing theory (APT) differs from the single-factor capital asset pricing model (CAPM) because the APT:
- A. Does not treat risk as diversifiable
- B. Recognizes multiple systematic risk factors
- C. Both b and c
- D. Does not recognize multiple systematic risk factors
Answer: B
NEW QUESTION 610
Which portion of his property can a muslim normally be guest according to muslim personal law?
- A. One Third
- B. Half
- C. Fully
- D. One Fourth
Answer: A
NEW QUESTION 611
Endorsements modify
- A. Life & Health Insurance contracts
- B. None of the above
- C. Property & Liability Insurance contracts
- D. Both of the above
Answer: C
NEW QUESTION 612
Which one of the following is correct?
- A. (ii) only
- B. Both the statement is correct
- C. Both the statement is incorrect
- D. (i) only
Answer: A
NEW QUESTION 613
What is the minimum paid up capital needed to form a Pvt. Company?
- A. No Minimum requirement
- B. Rs. 500000
- C. Rs. 50000
- D. Rs. 100000
Answer: D
NEW QUESTION 614
If any person has escaped assessment for any assessment year in respect of wealth tax no action shall be taken after the expiry of.........
- A. Two years
- B. Three Years
- C. Four Years
- D. One year
Answer: C
NEW QUESTION 615
In case of life insurance insurable interest should exist at the time of
- A. (ii) only
- B. None of the above
- C. (i) and (ii) both
- D. (i) only
Answer: C
NEW QUESTION 616
For higher per capita GDP........
- A. GDP has no direct effect
- B. GDP must grow at a slower rate than population
- C. GDP must grow at a faster rate than population
- D. None of the above
Answer: C
NEW QUESTION 617
A person is said to be Agnate of another if the two of them are related by blood or adoption entirely or wholly through males.
- A. TRUE
- B. FALSE
Answer: A
NEW QUESTION 618
During the PY 2009-10 a Kariwala Charitable Trust earned an income of Rs. 7 lakh out of which Rs.5 lakh was received during the PY 2009-10 and the balance Rs. 2 lakh was received during the PY 2011-2012.In order to claim full exemption of Rs. 7 lakh in the PY 2009-10:
- A. Rs 70,000 and Rs 3.95 lakh
- B. Rs 1.05 lakh and Rs 4.95 lakh
- C. Rs 70,000 and Rs 4,30,000
- D. Rs 1.05 lakh and Rs 3.95 lakh
Answer: D
NEW QUESTION 619
Which of the following statement is/are correct?
- A. Only (ii) are correct
- B. Both
- C. None
- D. Only (i) an correct
Answer: B
NEW QUESTION 620
Which of the following is not a key issue in retirement planning?
- A. Last drawn salary
- B. Early Retirement and Delayed Retirement
- C. Taxation on Retirement benefit
- D. Normal Retirement
Answer: A
NEW QUESTION 621
Arvind Ltd. currently EPS is Rs.5. Its return on equity (ROE) is 25% and it retains 60% of its earning. Stocks of similar risk are priced to return 18%. What is the intrinsic value of Arvind Ltd's Stock?
- A. Rs. 74.45
- B. Rs. 72.36
- C. Rs. 76.67
- D. Rs. 73.25
Answer: C
NEW QUESTION 622
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