AAFM GLO_CWM_LVL_1 Exam
Chartered Wealth Manager (CWM) Global Examination (Page 31 )

Updated On: 9-Feb-2026

The Number of foreign Banks operating in India is

  1. 20
  2. 25
  3. 28
  4. 32

Answer(s): D



A public trust is created for the benefit of

  1. Individuals only
  2. Family member
  3. Uncertain and fluctuating body of persons
  4. Charitable purposes only

Answer(s): C



A "Family Office" segment client has investible assets worth of

  1. $20,000,000
  2. $50,000,000
  3. $75,000,000
  4. $100,000,000

Answer(s): D



BIS handles each of the following, except ________.

  1. Forum to promote discussion and policy analysis
  2. Centre for economic and monetary research
  3. Credit rating of global banks
  4. Prime counter-party for central banks

Answer(s): C



In case of resident of India, income from property situated in foreign country is taxable

  1. When it is received in India
  2. When it is brought in India or not
  3. Whether it is received in India or not
  4. Not taxable

Answer(s): C






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