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GLO_CWM_LVL_1 Exam Dumps - Chartered Wealth Manager (CWM) Global Examination

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Question # 121

A person is on the verge of retirement. He has sufficient funds to meet his daily regular expenses and even he has sufficient insurance coverage. He owns a house property. His family consists of him and his wife only. As a Chartered Wealth manager, which insurance policy would you suggest him?

A.

Regular annuity policy.

B.

Householders policy.

C.

Med claim policy.

D.

Both B & C.

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Question # 122

Purpose of budget is ____________

A.

Spend money wisely

B.

Reach financial goals

C.

Prepare for financial emergencies

D.

All of the above

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Question # 123

Which of the following is / are RBI conditions applicable for banks declaring dividends?

A.

To be paid out only from current year profits

B.

Minimum capital adequacy of 9% to be maintained

C.

Net NPAs to be below 7%

D.

All of the above

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Question # 124

Probability of default is higher in

A.

Defined contribution plan

B.

Defined benefit plan

C.

Both of the above

D.

None of the above

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Question # 125

The difference between aggregate disbursements net of debt repayments and recovery of loans and revenue receipts and non debt capital receipts is called:

A.

Conventional Deficit

B.

Gross Fiscal Deficit

C.

Net Fiscal Deficit

D.

Primary Deficit

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Question # 126

Total income for assessment year 2007-08 of an individual including long-term capital gain of Rs. 60,000 is Rs. 1,40,000. The tax on total income shall be:

A.

Rs. 8,800

B.

Rs. 8,160

C.

Rs. 7,000

D.

Rs. 5,000

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Question # 127

Which of the following is a secondary identifier _______.

A.

Date of Birth

B.

Nationality

C.

Both of the above

D.

None of the above

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Question # 128

The minimum service required for entitlement to payment of gratuity under the Act, in case of an employee leaving service by death or incapacitation is

A.

2 years

B.

3 years

C.

5 years

D.

No minimum service required

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