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Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 311–315 (page: 64)

Updated On: 10-Feb-2026
Page 64 of 213
PDF with 1057 Questions

In marine insurance claims, insurable interest must shown to exist at the time of

  1. loss
  2. contract
  3. both a and b above
  4. none of the above

Answer(s): A



When there are more than one trustees for a trust the execution can be done by a single trustee instead of jointly

  1. TRUE
  2. FALSE

Answer(s): B



A budget deficit leads to a shortfall in domestic savings relative to investment because

  1. saving falls because the interest rate falls
  2. savers buy government bonds instead of private bonds
  3. saving falls because of concern about the size of the deficit
  4. investment falls because of concern about the size of the deficit

Answer(s): B



Which of the following statement is correct?

  1. The doctrine of adhesion states that you can bargain or ask insurer to change the terms of the insurance contract as per your needs.
  2. While applying for life insurance, it becomes your duty to disclose your past illnesses to the insurer, according principle of utmost good faith
  3. While applying for life insurance, it becomes your duty to disclose your past illnesses to the insurer, according principle of insurable interest
  4. While applying for life insurance, it becomes your duty to disclose your past illnesses to the insurer, according principle of subrogation

Answer(s): B



Open Market Operations is an important tool for central banks in ___________.

  1. bullish equity market conditions
  2. bearish equity market conditions
  3. countries where debt market is developed
  4. countries where debt market is under-developed

Answer(s): C



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