AAFM GLO_CWM_LVL_1 Chartered Wealth Manager (CWM) Global Examination Online Training
AAFM GLO_CWM_LVL_1 Online Training
The questions for GLO_CWM_LVL_1 were last updated at May 06,2025.
- Exam Code: GLO_CWM_LVL_1
- Exam Name: Chartered Wealth Manager (CWM) Global Examination
- Certification Provider: AAFM
- Latest update: May 06,2025
Which of the following Mutual Funds was not set up within the Phase 2: 1987-1993?
- A . Canbank Mutual Fund
- B . Kothari Pioneer Mutual Fund
- C . SBI Mutual Fund
- D . LIC Mutual Fund
SRO stands for
- A . Supervisor Range Operations
- B . Statutory Regulation Offer
- C . Self Regulatory Organization
- D . Service Request Order
Which of the following is not the non- formal sources of law?
- A . Custom
- B . Equity
- C . Precedents
- D . Standards of Justice
If a testator makes a will ‘to induce another person to make him comply with his (testators) wish’ but does not have any testamentary operation or intention, then this will is called as
- A . Concurrent will
- B . Sham will
- C . Disguise will
- D . Duplicate will
Unabsorbed depreciation can be carried forward for ____________.
- A . 8 Years
- B . 4 Years
- C . Indefinite
- D . None
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
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
__________ records net change in ownership of foreign assets
- A . Capital Account
- B . Current Account
- C . Official Reserve Account
- D . Balance of Payments
A muslim gentleman can leave his will, bequeathing all his properties to someone often than his legal heirs to the extent of…………….
- A . His wish
- B . A small portion
- C . One third
- D . One half
Which of the following is not an essential element of a trust?
- A . A trustee
- B . A beneficiary
- C . An administrator
- D . A personal obligation
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