Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 556–560 (page: 113)

Updated On: 10-Feb-2026

Minimum number of independent directors on the board of Asset Management Company is

  1. 50%
  2. 60%
  3. 75%
  4. 66.67%

Answer(s): A



Determination of monthly income & expenditure of client & his spouse can be done with the following steps. Arrange them in a logical order?

  1. I, III, II
  2. I, II, III
  3. III, I, II
  4. II, I, III

Answer(s): A



What is the interest rate corresponding to a discount rate of 10%?

  1. 11.11%
  2. 9.09%
  3. 11.15%
  4. 9.15%

Answer(s): A



Gift received is not taxable in hands of

  1. Individual
  2. HUF
  3. Society
  4. None of the above

Answer(s): C



In case of self occupied property, higher deduction u/s24(b) for interest on loan for construction can be claimed if borrowing was made

  1. After 1/4/99
  2. on or after 1/4/99
  3. Before 1/4/99
  4. On or after 1/9/2004

Answer(s): B



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