AAFM Chartered Wealth Manager (CWM) Global Examination - GLO_CWM_LVL_1 Exam Practice Test
Which of the following is not an essential element of a trust?
Correct Answer: B
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Which of the following is controlled under monetary policy?
Correct Answer: C
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The markets for funds traded in currencies other than the currency of the trading country are referred to as
Correct Answer: C
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Under Motor Vehicles Insurance, liability only policy covers property damage up to Rs. _________, in case of private cars & commercial vehicles, and Rs. ________, in case of two wheelers, although Motor Vehicle Act requires a cover of only Rs. ________.
Correct Answer: C
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The Motor Vehicle Insurance Policy has inbuilt cover for death/disability of driver/owner caused by accident during the use of the insured motor vehicle up to Rs. __________ in case of car/commercial vehicle and Rs.
_________ in case of two wheelers.
_________ in case of two wheelers.
Correct Answer: C
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In which year can the subscriber to a PPF account take the first loan from the opening of the account?
Correct Answer: C
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Minimum number of independent directors on the board of Asset Management Company is
Correct Answer: A
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Dharampal has let out his house property at monthly rate of Rs. 12000. He has paid Rs.3500 as annual municipal tax. He wants to know the Net Annual value of his house at Bhuj for AY 2011-12. The Municipal value of the house is Rs. 90,000, Fair rent Rs. 1,40,000, Standard rent Rs. 1,20,000. The house was vacant for one month during the previous year 2010-11 and the rent has not changed since then.
Correct Answer: C
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