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Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 326–330 (page: 67)

Updated On: 10-Feb-2026
Page 67 of 213
PDF with 1057 Questions

Liquid assets comprise

  1. Certificate of Deposits
  2. Money Market Mutual Funds
  3. Funds in savings account
  4. All of the above

Answer(s): D



The Unit Banking system is prevalent in

  1. Canada
  2. Great Britain
  3. USA
  4. Pakistan

Answer(s): C



Deduction under section 80-IC is allowed to the extent of:

  1. 100% of profits and gains for ten assessment years
  2. 100% of profits and gains for ten assessment years in case of any undertaking or enterprise in the States of Sikkim or North Eastern Region and 50% in case of undertaking in Uttaranchal and Himachal Pradesh
  3. 100% of profits and gains for ten assessment years in case of an undertaking or enterprise in the
    States of Sikkim or North Eastern States and 100% of profits and gains for the first 5 assessment years and 25% (30% in case of companies) for next 5 assessment years.
  4. None of These

Answer(s): C



Which of the following statement is not true?

  1. Correlation among the securities in the portfolio has nothing to do with the risk of portfolio
  2. Return on any financial assets consists of current yield and capital yield
  3. Risk of individual financial assets refers to variability of its returns around its mean returns
  4. Return of a portfolio is simply weighted average of returns on individual securities in the portfolio multiplied by their corresponding proportions/weights in the portfolio.

Answer(s): A



Which of the following is not true in respect of the conditions essential for taxing income under the head income from House Property?

  1. The property must consist of buildings and land appurtenant there to
  2. The assessed may or may not be the owner of such house property
  3. The property may be used for any purpose, but it should not be used by the owner for the purpose of any business or profession carried on him, the profits of which are chargeable to tax.
  4. None of the above

Answer(s): B



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