AAFM GLO_CWM_LVL_1 Exam
Chartered Wealth Manager (CWM) Global Examination (Page 15 )

Updated On: 7-Feb-2026

All the following statements concerning systematic risk are correct EXCEPT

  1. Only I
  2. Only II
  3. Only III
  4. Only IV

Answer(s): C



Under a post office recurring deposit account, loan up to ______ of the deposit may be taken after __________ year and before maturity.

  1. Full, 2
  2. Half, 1
  3. Full, 3
  4. Half. 3

Answer(s): B



Urban land means land situated in area not being more than ..................from local list of local authority as notification in official Gazette

  1. 5 km
  2. 8 km
  3. 10 km
  4. 20 km

Answer(s): B



In case where amount of wealth tax exceeds one hundred thousand rupees rigorous imprison-ment for a term not be less than ............

  1. One month which may extend to one year
  2. Only fine
  3. Six months which may extend to 7 years
  4. On year to 10 years

Answer(s): C



Aakash a trustee for Mahesh allows the trust to be executed solely by his co-trustee, Suresh. Suresh misapplies the trust property. Is Aakash personally answerable to the loss?

  1. Yes
  2. No

Answer(s): A






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