Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 226–230 (page: 47)

Updated On: 10-Feb-2026

The trust is empty at creation during life and will transfer the property into the trust at death

  1. Special trust
  2. Will trust
  3. Secret trust
  4. Pourover trust

Answer(s): D



When Government adjusts its economic policy through the Central Budget, it is exercising_________

  1. Fiscal policy
  2. Exchange rate policy
  3. Monetary policy
  4. Income policy

Answer(s): A



What is `Takaful'

  1. Power Attorney
  2. Safe keeping
  3. Islamic insurance
  4. Leasing

Answer(s): C



Which of the following assets not included in calculating wealth tax?

  1. Commercial buildings
  2. Residential
  3. A farm situated 40 km far from local limits of any municipality or a cantonment Board
  4. Any guest house

Answer(s): C



If the income from a Private Trust originates from a business, then it is normally taxed.

  1. In the hands of beneficiary
  2. In the hands of settler
  3. In the hands of sponsor
  4. In the hands of trustees

Answer(s): D



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