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Free AAFM GLO_CWM_LVL_1 Exam Questions

Try our Free Demo Practice Tests for Comprehensive GLO_CWM_LVL_1 Exam Preparation

  • AAFM GLO_CWM_LVL_1 Exam Questions
  • Provided By: AAFM
  • Exam: Chartered Wealth Manager (CWM) Global
  • Certification: Chartered Wealth Manager
  • Total Questions: 1060
  • Updated On: Jun 04, 2025
  • Rated: 4.9 |
  • Online Users: 2120
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  • Question 1
    • What would be the taxable value added in Dr. Vijay Mohan’s income for Gratuity receipt of Rs. 8,00,000 at the time of retirement. He is covered under the Payment of Gratuity Act 1972. He retired after 28 years of service with monthly salary of Rs. 40000 p.m. Assume Income Tax provisions pertaining to AY 2011-12 would be applicable at the time of retirement? 

      Answer: D
  • Question 2
    • SHG stands for: 

      Answer: D
  • Question 3
    • ________ & ________ are functions of IMF 

      Answer: A
  • Question 4
    • A ………………… mortgage is a mortgage which does not fully amortize over the term of the note thus leaving a balance due at ……………..

      Answer: C
  • Question 5
    • Manmeet a 29 years old person has joined Met Life on 1/07/2011. His monthly salary (net salary) after deduction is Rs. 45000/. His monthly expenses details are as follows:

      1

      Assume Manmeet has taken his flat on rent from 01/07/ 2011. On 01/07/2011 he has cash in hand Rs.15000. What will be his cash in hand on 31/03/2012?  

      Answer: B
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