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Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 566–570 (page: 115)

Updated On: 10-Feb-2026
Page 115 of 213
PDF with 1057 Questions

Narrow Banking refers to

  1. Banking activity in which Banks invest their funds in high risk securities in order to earn more profit.
  2. Banking activity in which Banks generally accept deposits and invest in short term & risk free assets.
  3. Banking activity in which Banks do all type of financial activities viz. long term financing, insurance business apart from general Banking
  4. In this Bank operate in a narrow operational area

Answer(s): B



PTA stands for

  1. Parent Teacher Association
  2. Preferential Trading Area
  3. Preferential Transportation Assembly
  4. Payment Trade Ambit

Answer(s): B



NRO can be opened by a

  1. Resident
  2. Resident
  3. All of the above
  4. None of the above

Answer(s): C



The premium on all other riders put together should not exceed _____ of the premium on the base policy

  1. 10%
  2. 20%
  3. 30%
  4. 50%

Answer(s): C



Speculators

  1. Bet on future movements of price of asset
  2. Try to reduce/ eliminate an existing risk
  3. Take advantage of price differential between two markets
  4. None of the above

Answer(s): A



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