Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 571–575 (page: 116)

Updated On: 10-Feb-2026

KYC norms are applicable in following cases

  1. All new account
  2. All new accounts and old accounts with high value transactions
  3. All cash transactions
  4. All accounts

Answer(s): D



Purpose of budget is ____________

  1. Spend money wisely
  2. Reach financial goals
  3. Prepare for financial emergencies
  4. All of the above

Answer(s): D



Which of the following Mutual Funds was not set up within the Phase 2: 1987-1993 ?

  1. Canbank Mutual Fund
  2. Kothari Pioneer Mutual Fund
  3. SBI Mutual Fund
  4. LIC Mutual Fund

Answer(s): B



A country has an "absolute advantage" in two products with respect to another country. Can it gain by trading with the other country?

  1. No
  2. Yes, if the other country has comparative advantage in one particular product
  3. Yes, under all circumstances
  4. None of the above

Answer(s): B



Income received in India in previous year is taxable in the hands of:

  1. Resident;
  2. Not-resident;
  3. Non ordinarily resident;
  4. All above.

Answer(s): D



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