Free Online AAFM GLO_CWM_LVL_1 Practice Test

Prepare Your AAFM GLO_CWM_LVL_1 Exam Questions with Free online GLO_CWM_LVL_1 Practice Test. Get Brilliant Chartered Wealth Manager (CWM) Global Exam Results with Valid GLO CWM LVL 1 Exam Dumps.

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Total 1060 Questions | Updated On: May 14, 2024

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Question 1

Compulsory audit of account is required u/s 44AB of IT, if the total sales/ turnover exceed _______

A : Rs. 10,00,000

B : Rs. 40,00,000

C : Rs 60,00,000

D : Rs. 1,00,00,000

Answer: C

Question 2

"A borrower who has been given notice of enforcement of security interest, replies with his objections. What is expected of the secured creditor? "

A : Consider the objections fairly

B : "If objections not acceptable, convey to borrower within 7 days"

C : Both of the above

D : None of the above

Answer: C

Question 3

A ………………… mortgage is a mortgage which does not fully amortize over the term of the note thus leaving a balance due at ……………..

A : Reverse, Maturity

B : Simple, transfer

C : Balloon payment, maturity

D : Equitable, maturity

Answer: C

Question 4

What is the most essential characteristic to be in existence at the stage of establishing client relationship?

A : Collection of personal details

B : Establishing trust and confidence

C : Data gathering from the client

D : Providing the client with an healthy atmosphere

Answer: B

Question 5

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

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

Answer: A

Page: 1 / 212

Total 1060 Questions | Updated On: May 14, 2024

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