GLO_CWM_LVL_1 AAFM Chartered Wealth Manager (CWM) Global Examination Free Practice Exam Questions (2025 Updated)
Prepare effectively for your AAFM GLO_CWM_LVL_1 Chartered Wealth Manager (CWM) Global Examination certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.
Purpose of budget is ____________
The difference between aggregate disbursements net of debt repayments and recovery of loans and revenue receipts and non debt capital receipts is called:
When cash flows occur at the beginning of each period, it is called as ___________
Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs. 5000 per month. The income from such house property will be taxable in the hands of:
If you have deposited Rs.4000 with a company and the company wishes to prepay the deposit at the contracted rate of interest after a period of 3.5 years and offers you Rs.4985, what is the effective rate of interest if it is accounted half yearly?
Mr Ram aged 53 years has put in 21 years of service in a PSU opts for a voluntary retirement under the company scheme. He has 5 years and 3 months of service left and his last drawn salary is Rs 18,000. He received Rs 10,00,000 as compensation. What would be the taxable part of this receipt?
To check inflation, RBI should:
Payback period is
Investment in NRO may be made through _________.
In case of self occupied property, higher deduction u/s24(b) for interest on loan for construction can be claimed if borrowing was made
In case of a defined benefit plan where the benefit payable is based on the terminal salary, an increase in of 10% of the wages of the employees would increase the contribution to be made by the employer for the benefit by
Manish has two house properties. Both are self occupied. The annual value of:
Mr. Bharat sees a stock with a beta of 1.2 selling for Rs. 25 and price will move up to Rs. 31 by the end of the year. The risk free rate is 6% and the expected market return is 15 %. In this scenario Mr. Bharat would like to know whether the stock is _____________ and so should ___________.
Mr. Subhash Bansal, a marketing manager is employed with IMFB limited. He took an advance of Rs. 1,20,000 against the salary of Rs. 30,000 per month in the month of March 2007. The gross salary of Mr. Adhikari for the assessment year 2007-08 shall be:
The coverage under a Product Liability policy includes:
Amount of liability of payment of gratuity is calculated at the rate of
What is the minimum number of members required, to form a society under section 20 of the Societies Registration Act, 1860?
Share reflects a contribution in ownership of the company
If an investor is bearish on a share, buying a put is usually better then selling short because:
A Bank is under a statutory obligations to honor its consumer’s Cheque vide
“Income rule” in Insurance advocates
Residential status is to be determined for:
A document proposing to be a will which deliberately executed with all due formalities required for a valid will is called:
Aditya’s father has given him general power of attorney what does this mean?
"When a customer deposits cheque with a bank for clearing, the customer becomes a _______."
Which of the following is not true?
Minimum number of members in case of private company is
Arun started a 20-year term insurance policy. Once established, when, if at all, is the insurer next entitled to ask him for proof of continuing good health?
Which of the following is not a characteristic of defined benefit plan?
International Development Association is an agency of _____
The registration of a charitable trust can be cancelled under Section 12AA of the Income-tax Act, 1961 by —’
ln which of the following conditions the lease can be terminated
Duration is
Your client Mr. Singhania expressed his intention to write his will in his own handwriting such a will which is wholly in the handwriting of the testator is renown as:
What do you mean by UberrimaeFidei ?
The difference between a wagering contract and insurance contract is ___________.
As additional securities are added to a portfolio, total risk will generally ________ at a _________ rate.
What do you mean by ‘Mortgage’?
The length of the insurance industry’s business cycle is shortened because of
A testator sometimes make two wills one relating to his property in his native country and other relating to his property in some foreign country this type of will is called
