Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 511–515 (page: 104)

Updated On: 10-Feb-2026

As per presumptive income scheme under section 44AE, the presumed income shall be:

  1. Rs. 3,000 p.m. per goods carriage
  2. Rs. 3,500 p.m. per heavy goods vehicle and Rs. 3,150 p.m. per vehicle other than heavy goods vehicle
  3. Rs. 3,500 p.m. per heavy goods vehicle Rs. 3,150 p.m. for medium goods vehicle and Rs. 2,000
  4. m. per light commercial vehicle.
  5. None of These

Answer(s): B



A trust which is established by expressions of confidence ,request or desire that property will be applied for the benefit of a definite person or object is termed as:

  1. Express Trust
  2. Pre-catory trust
  3. Resulting Trust
  4. Constructive Trust

Answer(s): B



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

  1. Collection of personal details
  2. Establishing trust and confidence
  3. Data gathering from the client
  4. Providing the client with an healthy atmosphere

Answer(s): B



In which year can the subscriber to a PPF account take the first loan from the opening of the account?

  1. Third Year
  2. Fifth Year
  3. Second Year
  4. Sixth Year

Answer(s): A



In case of fire insurance, insurable interest should exist at the time of

  1. (i) only
  2. (ii) only
  3. (i) and (ii) both
  4. None of the above

Answer(s): C



Viewing page 104 of 213
Viewing questions 516 - 520 out of 1057 questions


Post your Comments and Discuss AAFM GLO_CWM_LVL_1 exam prep with other Community members:

AI Tutor AI Tutor 👋 I’m here to help!