Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 346–350 (page: 71)

Updated On: 10-Feb-2026

Dividend received by a shareholder from an Indian company the whole of whose income is agricultural income shall be treated as:

  1. agricultural income in the hands of shareholder and thus exempt
  2. agricultural income and thus exempt but it will be subject to partial integration
  3. exempt under section 10(34) but taxable in the hands of the company
  4. income taxable under the head income from other sources

Answer(s): C



Doctrine of subrogation applies only to

  1. (i) & (ii) only
  2. (iii) only
  3. (i), (ii), (iii)
  4. None of the above

Answer(s): A



After the satisfaction of insured's claim from the insurer, the insured should pursue in the recovering of rights from the 3rd party.

  1. Yes, If he is willing to do so
  2. No, there is no obligation on his part
  3. Yes, he has a duty to the same
  4. Yes, if there is a mutual consent between insurer & the insured

Answer(s): B



Highest Credit rating is depicted by symbol

  1. AAA
  2. AA
  3. BBB
  4. BB

Answer(s): A



Processing dividend payout in Mutual Funds is role of

  1. Sponsor
  2. Trustee
  3. AMC
  4. Registrar & Transfer Agent

Answer(s): D



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