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Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 296–300 (page: 61)

Updated On: 10-Feb-2026
Page 61 of 213
PDF with 1057 Questions

What is `Gharar'

  1. Ownership of goods
  2. Speculative transactions
  3. Consumer Needs
  4. Islamic banking

Answer(s): B



Which of the following statement (s) is/are true about the rate risk?

  1. Interest risk is the uncertainty associated with changes in interest rates, the possibility of loss resulting from increases in interest rates.
  2. Interest risk refers to the tendency of security prices, especially fixed income securities, to move inversely with changes in the rate of interest.
  3. Only option A
  4. Option A & B both

Answer(s): D



A will that is not valid in India except in the case of privileged wills or in the case of Mahomedans

  1. Nuncupative Will
  2. Contingent Will
  3. Holograph Will
  4. Concurrent Will

Answer(s): A



The income received by the approved superannuation fund on the investments made by the fund is

  1. Exempt from income tax
  2. Taxed as the concession rate of 10% of the income
  3. Tax at the hands of employees concerned based on the share of each employee
  4. Taxed under Capital Gains Tax depending upon the nature of investment

Answer(s): A



Endorsements modify

  1. Life & Health Insurance contracts
  2. Property & Liability Insurance contracts
  3. Both of the above
  4. None of the above

Answer(s): B



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