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CWM_LEVEL_1: Chartered Wealth Manager Level 1
Free Practice Exam Questions (page: 13)
Updated On: 2-Jan-2026

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QUESTION: 21

Doctrine of subrogation applies only to

I and II only
II only
I, II and III
None of the above

Answer(s): B

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QUESTION: 22

What is a contract?

An agreement between two or more parties which creates no obligation to do a particular thing.
A contract is an agreement between two or more parties that does not establish an enforceable legal relationship.
Contract consists of reciprocal promise that the law will not enforce.
A contract is the result of a promise to do a certain thing in exchange for a promise from the other person who is a party to the contract.

Answer(s): C

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QUESTION: 23

"Contango" is

Forward price is lower than expected future spot price
Forward price is higher than expected future spot price
Forward price is at the same price level as that of expected future spot price
None of the above

Answer(s): B

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QUESTION: 24

What is burn Arbun?

Loan of a particular piece of property
Credit sale
Down payment
Deposits in trust

Answer(s): B

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Thenmozhi Thangavel Commented on July 19, 2025
Really useful, thank you!
Anonymous

Letizia Commented on July 19, 2025
Answer: No Explanation: Adding inactive relationships alone does not meet the goal. Inactive relationships must be activated using DAX functions like USERELATIONSHIP() in measures to analyze data based on those alternate dates (e.g., Due Date, Delivery Date). Without this, Power BI will only use the active relationship (typically with Order Date), so the other date keys won't drive analysis unless explicitly handled.
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