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

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Question # 33

In straight line method

A.

Depreciation value per annum is constant over the useful life

B.

Depreciation value varies with the value of the asset every year

C.

Depreciation is at a fixed percentage of the value of the asset

D.

None of the above

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Question # 34

Vinod opened the PPF account on 19/11/2000, Calculate the amount he can avail as the first loan facility from the details below?

A.

Rs 17967

B.

Rs 18103

C.

Rs 19800

D.

Rs 17500

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Question # 35

Manish has two house properties. Both are self occupied. The annual value of:

A.

Both the house is NIL

B.

One house shall be NIL

C.

No house shall be NIL

D.

Option A with certain condition

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Question # 36

You buy a new computer for your business costing approximately Rs. 5,000. You expect a salvage value of Rs. 1000 selling parts when you dispose of it. Your business has upgraded its hardware every four years, so you think this is a more realistic estimate of useful life, since you are apt to dispose of the computer at that time. Calculate the amount of depreciation using straight line method?

A.

1000

B.

2000

C.

1500

D.

3500

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Question # 37

Contribution under a defined benefit plan

A.

Will be fixed in relation to the wages earned

B.

Will be determined based on the benefits earned

C.

Will remain unaltered once earned

D.

Will be decided by the members of the benefit scheme

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Question # 38

A contract is said to be caused by coercion when it is obtained by:

A.

I,II and III

B.

I,III and IV

C.

II,III and IV

D.

All of the above

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Question # 39

An assessee was allowed deduction of unrealized rent to the extent of Rs. 40,000 in the past although the total unrealized rent was Rs. 60,000. He is able to recover from the tenant Rs.45,000 during the previous year on account of such unrealized rent. He shall be liable to tax to the extent of:

A.

Rs. 45,000

B.

Nil

C.

Rs. 25,000

D.

Rs. 35,000

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Question # 40

_________ is a key determinant indicating availability of banking services for the entire economy.

A.

RTGS

B.

NEFT

C.

Reach of bank network

D.

Number of bankers

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