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Chartered Wealth Manager GLO_CWM_LVL_1 Exam Questions and Answers PDF

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Question 60

The effect of money laundering on the financial system is to:

Options:

A.

create an opportunity for banks to increase profits

B.

undermine credibility and expand control by criminals

C.

improve and enhance money flows by bringing cash into the system

Question 61

Which of the following is not true about traditional defined benefit plans?

Options:

A.

A defined benefit plan provides a specified retirement benefit, and is funded based on actuarial assumptions

B.

A defined benefit plan provides higher proportionate benefits for key employees when key employees as a group are older than rank and file employees

C.

A defined benefit plan provides an individual account for each employee who participates

D.

A defined benefit plan can provide benefits for service prior to establishment of the plan

Question 62

Wills which are not valid in India except in case of privileged wills or in case of Mahomadans are called as:

Options:

A.

Mutual wills

B.

Concurrent wills

C.

Nuncupative wills

D.

Holograph wills

Question 63

In Money laundering, a transaction involving cash used to buy high value goods,property or business assets is an example of which stage?

Options:

A.

Layering

B.

Placement

C.

Integration

D.

Confirmation

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Exam Code: GLO_CWM_LVL_1
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Nov 23, 2024
Questions: 1057
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