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Question 44

Aakash a trustee for Mahesh allows the trust to be executed solely by his co-trustee, Suresh. Suresh misapplies the trust property. Is Aakash personally answerable to the loss?

Options:

A.

Yes

B.

No

Question 45

BIS handles each of the following, except ________.

Options:

A.

Forum to promote discussion and policy analysis

B.

Centre for economic and monetary research

C.

Credit rating of global banks

D.

Prime counter-party for central banks

Question 46

The trust is empty at creation during life and will transfer the property into the trust at death

Options:

A.

Special trust

B.

Will trust

C.

Secret trust

D.

Pourover trust

Question 47

Multi period hedging is ________

Options:

A.

A way to manage qualitative risk over time

B.

A way to manage market risk over time

C.

A way to manage sentimental risk over time

D.

None of the above

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Exam Code: GLO_CWM_LVL_1
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Dec 27, 2024
Questions: 1057
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