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Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 71–75 (page: 16)

Updated On: 10-Feb-2026
Page 16 of 213
PDF with 1057 Questions

Following is/ are the component(s) of Personal Financial Statements

  1. Cash Flow Statement
  2. Income Statement
  3. Balance Sheet
  4. All of the above

Answer(s): D



In a life insurance contract, offer refers to

  1. Proposer paying the first premium
  2. Proposer's application form for insurance
  3. Original policy bond
  4. Company brochure duly authenticated

Answer(s): B



Which of following statement is/are true in relation to PPF account?

  1. Statements I & II are true
  2. Statements II & III are true.
  3. Statements I & IV are true
  4. Statements III & IV are true

Answer(s): C



PTA stands for

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

Answer(s): B



Expenditure incurred in carrying out illegal business is--

  1. Not allowed as deduction in any case.
  2. Allowable as deduction, if gross total income is less than Rs. 5 lakhs.
  3. Allowable as deduction in all cases.
  4. Allowable as deduction, if income from illegal business is offered to tax.

Answer(s): D



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