AAFM GLO_CWM_LVL_1 Exam
Chartered Wealth Manager (CWM) Global Examination (Page 26 )

Updated On: 9-Feb-2026

Intrinsic value of a stock is

  1. As reflected in share price
  2. As justified by assets, earning & dividends
  3. As reflected by book value
  4. As reflected by P/E

Answer(s): B



Wages for the purpose of gratuity payment as per the Act means

  1. Basic Pay
  2. Basic par and dearness allowance
  3. Basic Pay, Dearness Allowance and City compensatory allowance & house rent
  4. Emoluments including all allowances, bonus and commission, etc

Answer(s): B



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



________ account is maintained by businesses for their daily operations.

  1. Current
  2. Savings
  3. Fixed Deposit
  4. Recurring Deposit

Answer(s): A



Modern "Asset Allocation" is based upon the model developed by Harry Markowitz.
Which of the following statement is/are correctly identified with this Model?

  1. I & II only
  2. I, II & III only
  3. I only
  4. I, II & IV only

Answer(s): B






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