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

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Question # 41

In the context of Organizational Models of banks in Wealth Management, a model in which Private Banking acts as a peripheral add-on to the core investment banking business is termed as:

A.

Hybrid

B.

IB dominated

C.

Universal

D.

None of the above

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Question # 42

…………………. Is implied in favor of the party creating it

A.

Express trust

B.

Resulting trust

C.

Constructive trust

D.

Pre-catory trust

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Question # 43

Risk that can be eliminated through diversification is called ______ risk.

A.

Unique

B.

Firm-specific

C.

Diversifiable

D.

All of the above

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Question # 44

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

A.

Yes, If he is willing to do so

B.

No, there is no obligation on his part

C.

Yes, he has a duty to the same

D.

Yes, if there is a mutual consent between insurer & the insured

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Question # 45

EBT stands for

A.

Electronic belated transfer

B.

Electronic beginners transfer

C.

Electronic benefit transfer

D.

Electronic beginning transfer

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Question # 46

Which one of the following Sections of the Transfer of Property Act defines “Transfer of Property”?

A.

Section3

B.

Section4

C.

Section 5

D.

Section 6

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Question # 47

Under a Personal Accident policy Mr. Ajay has taken, what percentage of sum assured he can get if he losses his one eye and one limb in an accident and under which type of benefit?

A.

100% in PTD

B.

50% in PPD

C.

100% in TTD

D.

50% in PPD

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Question # 48

The Motor Vehicle Insurance Policy has inbuilt cover for death/disability of driver/owner caused by accident during the use of the insured motor vehicle up to Rs. __________ in case of car/commercial vehicle and Rs. _________ in case of two wheelers.

A.

3,00,000, 2,00,000

B.

2,00,000, 1,00,000

C.

4,00,000, 3,00,000

D.

1,00,000, 50,000

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