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Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 321–325 (page: 66)

Updated On: 10-Feb-2026
Page 66 of 213
PDF with 1057 Questions

If there is a loss under the head Income from House property, can it be adjusted against other income under any other Head?

  1. Yes
  2. No
  3. It can be adjusted only against income from salary
  4. It can be adjusted from agricultural income

Answer(s): A



Transfer of Property Act came into force on

  1. July 01, 1882
  2. August 01, 1882
  3. September 01, 1882
  4. October 01, 1882

Answer(s): A



The use of P/E ratios to select stocks suggests that

  1. high P/E stocks should be purchased
  2. low P/E ratio stocks are overvalued
  3. a stock should be purchased if it is selling near its historic low P/E
  4. a stock should be purchased if it is selling near its historic high P/E

Answer(s): C



The registration of a charitable trust can be cancelled under Section 12AA of the Income-tax Act, 1961 by --'

  1. Assessing Office;
  2. Commissioner of Income-tax;
  3. Chief Commissioner of Income-tax;
  4. Central Board of Direct Taxes.

Answer(s): B



Cheque truncation refers to the process by which:

  1. Cheques are returned to customers after payment
  2. Entry of stopped cheques into the computer system
  3. Cheques payable at different cities / branches
  4. Physical movement of cheques is curtailed, being replaced by electronic records of their content

Answer(s): D



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