Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 546–550 (page: 111)

Updated On: 10-Feb-2026

The minimum capital that a private limited company needs to commence business is:

  1. 5 lacs.
  2. 4 lacs.
  3. 1 lac.
  4. 10 lacs.

Answer(s): C



A Foreign Bank is one

  1. Whose most of the branches is situated outside India
  2. In which at least 40 % shares are held by non resident Indians
  3. Which is incorporated outside India
  4. None of these

Answer(s): C



Fact needs analysis and product recommendation form has to be fulfilled if:

  1. I only
  2. II only
  3. Both I and II
  4. None of the above

Answer(s): C



The difference between a wagering contract and insurance contract is ___________.

  1. The insured has an insurable interest in the subject matter of insurance.
  2. Money involved
  3. Parties involved
  4. None of the above

Answer(s): A



Which of the following is false with respect to internal rate of return?

  1. The internal rate of return (IRR) is a capital budgeting method used by firms to decide whether they should make long-term investments.
  2. The IRR is the annualized effective compounded return rate which can be earned on the invested capital, i.e. the yield on the investment.
  3. IRR is defined as any discount rate that results in a positive net present value (present value of cash flows- initial investment) of zero of a series of cash flows.
  4. In general, if the IRR is greater than the project's cost of capital or hurdle rate, the project will not be accepted at any cost.

Answer(s): D



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