Free GLO_CWM_LVL_1 Exam Braindumps (page: 2)

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Notice of loss should be given to the insurer within ________days of the event of loss.

  1. 30
  2. 15
  3. 7
  4. 21

Answer(s): C



For calculating the benefit under Entertainment allowance, salary means,

  1. Basic Salary
  2. Basic Salary + DA
  3. Basic Salary + DA + commission
  4. Basic Salary + DA + commission + Bonus

Answer(s): B



The following is capital receipt:

  1. Dividend from investment;
  2. Bonus shares;
  3. Sale of technological know- how;
  4. Compensation received for compulsory evacuation of place of business.

Answer(s): D



Hedging with commodity futures

  1. reduces the risk of loss
  2. results when an investor buys a contract
  3. occurs when the individual takes delivery
  4. is the opposite of selling short

Answer(s): A






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