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GLO_CWM_LVL_1 Exam Dumps - AAFM Chartered Wealth Manager Questions and Answers

Question # 154

Minimum number of investors in a scheme should be

Options:

A.

10

B.

15

C.

20

D.

25

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Question # 155

…………… mortgage is an extremely good resource for retirement planning.

Options:

A.

Simple mortgage

B.

Equitable

C.

Balloon

D.

Reverse mortgage

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Question # 156

Possession of the mortgaged property is not delivered to the mortgage in ……………

Options:

A.

Equitable mortgage

B.

Balloon mortgage

C.

Simple mortgage

D.

None of the above

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Question # 157

Deduction under section 80QQB is allowed to an author of a book of literary or artistic or scientific nature who is resident in India to the extent of:

Options:

A.

100% of royalty income or Rs. 5,00,000 whichever is less

B.

100% of royalty income or Rs. 3,00,000 whichever is less

C.

50% of royalty income or Rs. 5,00,000 whichever is less

D.

50% of royalty income or Rs. 3,00,000 whichever is less

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Question # 158

“Premium” is associated with

Options:

A.

Forward

B.

Futures

C.

Options

D.

All of the above

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Question # 159

To take care of the risks during the foreign travel, Overseas Travel Insurance policy cover provides various other covers, in addition to __________ insurance, such as baggage cover, loss of transport cover, personal accident cover, personal legal liability cover etc.

Options:

A.

Medical

B.

Health

C.

Life

D.

Property

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Question # 160

Short-term capital gain arising for the transfer of equity shares and units of equity oriented fund shall be taxable

Options:

A.

at the normal rate

B.

at the rate of 20%

C.

at the rate of 10% if transferred on or after 1-10-2004

D.

at the rate of 10% if transferred on or after 1-10-2004 through a recognized stock exchange & such transaction is chargeable to securities transaction tax

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Question # 161

Investment made in a stock 2 years ago is Rs.1250; the current value is Rs.1300. The dividend received at the end of 2nd year is Rs.150. What is the CAGR?

Options:

A.

7.70%

B.

40%

C.

118%

D.

140%

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Exam Code: GLO_CWM_LVL_1
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Jan 31, 2025
Questions: 1057
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