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Free AAFM GLO_CWM_LVL_1 Practice Exam with Questions & Answers | Set: 5

Questions 81

Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called

Options:
A.

commodity markets.

B.

fund-available markets.

C.

derivative exchange markets.

D.

financial markets.

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Questions 82

Aakash a trustee for Mahesh allows the trust to be executed solely by his co-trustee, Suresh. Suresh misapplies the trust property. Is Aakash personally answerable to the loss?

Options:
A.

Yes

B.

No

Questions 83

Which of the following is not a business risk?

Options:
A.

Change of business cycles

B.

Change in Government policy

C.

Change in Government Law which affecting a particular industry

D.

Changes in Interest Rate

Questions 84

Which among the following is not an advantage of setting up a trust?

Options:
A.

Allows for orderly distribution of assets and income following death

B.

Ensures that the estate poses to the intended beneficiaries

C.

Tax planning

D.

Protects against money laundering

Questions 85

Which of the following can be a scheduled bank?

Options:
A.

Public Sector Banks

B.

Private Sector Banks

C.

Co-operative Banks

D.

All of the above

Questions 86

Is it possible to reduce the risk by adding a security with a higher risk to a security with a lower risk that is already held?

Options:
A.

No, the total risk after the addition will be higher

B.

The new security will have no impact in reducing the risk

C.

Yes, provided both the securities are negatively correlated

D.

Yes, provided both the securities are positively correlated to each other

Questions 87

Beta less than lies an indication that the security would move __________.

Options:
A.

in line with the market

B.

lesser than the market

C.

more than the market

D.

Inverse with the market

Questions 88

The Bretton Woods system was set up on the theory that

Options:
A.

deficits were temporary and could be financed by international assistance.

B.

exchange rates would be used to achieve equilibrium.

C.

the gold standard would ultimately be restored.

D.

balance-of-payments deficits should be related to decreases in a country’s money supply.

Questions 89

Which of the following options is not true about CODICIL?

Options:
A.

It must be signed by the testator

B.

It must be attested by two witnesses

C.

It is an instrument made in relation to a will

D.

An instrument made by family members of the testator

Questions 90

Under a post office recurring deposit account, loan up to ______ of the deposit may be taken after __________ year and before maturity.

Options:
A.

Full, 2

B.

Half, 1

C.

Full, 3

D.

Half. 3

Questions 91

During “Financial Independence” life stage, typical asset allocation should be

Options:
A.

25% equities, rest in fixed income instruments

B.

50% equities, rest in fixed income instruments

C.

75% equities, rest in fixed income instruments

D.

100% equities

Questions 92

Retiring early will need

Options:
A.

Normal saving as planned earlier

B.

Accelerated savings to get the goal

C.

Delayed savings

D.

All of the above

Questions 93

Which of the following is not true?

GLO_CWM_LVL_1 Question 93

Options:
A.

Only II

B.

Only I and II

C.

Only III

D.

None of these

Questions 94

Where the return of income is filed after the due date specified u/s 139(1):

Options:
A.

all deductions under Chapter VIA i.e. 80C to 80U will be allowable

B.

all deductions under Chapter VIA i.e. 80C to 80U will not be allowable

C.

all deductions under Chapter VIA i.e. 80C to 80U excepting 80-IA, 80-IAB, 80-IB, 80-IC will be allowable

D.

all deductions under Chapter VIA i.e. 80C to 80U except 80-IA will be allowable

Questions 95

A public trust is created for the benefit of

Options:
A.

Individuals only

B.

Family member

C.

Uncertain and fluctuating body of persons

D.

Charitable purposes only

Questions 96

In a life insurance contract, offer refers to

Options:
A.

Proposer paying the first premium

B.

Proposer’s application form for insurance

C.

Original policy bond

D.

Company brochure duly authenticated

Questions 97

“At the money” option will generate

Options:
A.

Positive cash flows

B.

Zero cash flow

C.

Negative cash flows

D.

None of the above

Questions 98

Which of the following is a type of Demand Deposit?

Options:
A.

Fixed Deposit

B.

Savings Account

C.

Recurring Deposit

D.

FCNR account

Questions 99

What is the minimum paid up capital needed to form a public limited company?

Options:
A.

No Minimum requirement

B.

Rs. 100000

C.

Rs. 500000

D.

Rs. 1000000

Questions 100

Compute Geometric mean return for an investment with the following per period return – 8.9%, 10%, 7.7%, 13%?

Options:
A.

7.75%

B.

8.59%

C.

9.88%

D.

9.50%

Exam Code: GLO_CWM_LVL_1
Certification Provider: AAFM
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Jul 12, 2025
Questions: 1057

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