Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 231–235 (page: 48)

Updated On: 10-Feb-2026

Agricultural income is exempt provided the

  1. Land is situated in India
  2. Land is situated in any rural area in India
  3. Land is situated whether in India or outside India
  4. Land is situated in any urban area in India

Answer(s): A



Loss of a closely held company cannot be carried and set off unless on the last day of the previous year in which the loss was incurred and as on the last day of the previous year in which such loss is set off, at least:

  1. 51% of shares are beneficially held by the same persons
  2. 50% of the shares are beneficially held by the same persons
  3. 49% of the shares are beneficially held by the same persons
  4. 60% of the shares are beneficially held by the same persons

Answer(s): A



Rate of interest in post office MIS is

  1. 6.50%
  2. 7.50%
  3. 8.50%
  4. 9.50%

Answer(s): C



Current ratio is

  1. Current Cash / Current liabilities
  2. Current Assets / Current liabilities
  3. Current Liabilities / Current assets
  4. None of the above

Answer(s): B



"When a customer deposits cheque with a bank for clearing, the customer becomes a _______."

  1. Debtor
  2. Principal
  3. Creditor
  4. Agent

Answer(s): B



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