Free GLO_CWM_LVL_1 Exam Braindumps
Chartered Wealth Manager (CWM) Global Examination Questions 471–475 (page: 96)

Updated On: 10-Feb-2026

If the proposer does not disclose fully all the material facts at the time of Proposal the principle violated

  1. Caveat emptor
  2. Insurable interest
  3. Utmost good faith
  4. Sharing of risk

Answer(s): C



Inflation refers to ............

  1. Increase in price rise
  2. Decrease in price rise
  3. Fall in money value
  4. A and C

Answer(s): D



Urban land means land situated within the jurisdiction of local authority which has a population of not less than ...................... as per last ensure

  1. 500
  2. 1000
  3. 5000
  4. 10000

Answer(s): D



Income received in India in previous year is taxable in the hands of:

  1. Resident;
  2. Not-resident;
  3. Non ordinarily resident;
  4. All above.

Answer(s): D



Expenditure incurred by an employer on medical treatment and stay abroad of the employee shall not be taxed in the case of ___________.

  1. an employee whose gross total income before including the said expenditure does not exceed Rs.
    2 lakhs.
  2. an employee whose income under the head "Salaries" exclusive of all monetary perquisites does not exceed Rs. 2 lakhs,
  3. an employee whose income under the head "Salaries" exclusive of allnon-monetary perquisites does not exceed Rs. 2 lakhs,
  4. all employees irrespective of their amount of gross total income/the amount of income under the head "Salaries".

Answer(s): A



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