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Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 241–245 (page: 50)

Updated On: 10-Feb-2026
Page 50 of 213
PDF with 1057 Questions

If any expenditure is incurred by an Indian company wholly and exclusively for the purpose of amalgamation or demerger, the said expenditure is

  1. Not allowable as a deduction in computing profits and gains of business or profession
  2. Allowed as a deduction spread over five successive previous year beginning with the previous year in which the amalgamation or demerger takes place
  3. Not deductible but is eligible to be treated as an intangible asset in respect of which depreciation can be claimed
  4. Fully deductible as revenue expenditure in the year in which it is incurred.

Answer(s): B



Which one of the following Provisions of the Transfer of Property Act relates to 'usufructuary mortgage'

  1. Section 58 (a)
  2. Section 58 (b)
  3. Section 58 (d)
  4. Section 58 (e)

Answer(s): C



Retiring early will need

  1. Normal saving as planned earlier
  2. Accelerated savings to get the goal
  3. Delayed savings
  4. All of the above

Answer(s): B



The liability of members if company is limited by guarantee.

  1. Unpaid value of shares
  2. Guarantee amount
  3. Unlimited liability
  4. None of the above

Answer(s): B



Forward contracts are

  1. Standardized
  2. Traded on exchange
  3. Customized
  4. None of the above

Answer(s): C



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