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

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Chartered Wealth Manager (CWM) Global Examination Questions and Answers

Question 1

Mr. Kishan owns a factory producing some small spare parts.Under which policy he can get cover against the claim for paying damages and legal costs arising from any bodily injury or damage in the premises of his property ?

Options:

A.

Key man Insurance policy

B.

The directors’ and officers liability policy

C.

Product Liability insurance

D.

Public Liability Insurance

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Question 2

What is the exemption criteria U/S 10(10) (ii) of the IT Act, 1961 for any gratuity received by a seasonal employee?

Options:

A.

Exemption limit is least of there:

(i) 7 day’s wages (calculated as 26 working days in a month) based on last drawn salary for every number of seasons worked,

(ii) Rs. 3,50,000/-,

(iii) Actual gratuity received

B.

Exemption limit is least of three:

(i) 7 day’s wages based on last drawn salary for every number of seasons worked,

(ii) Rs. 3,00,000/-,

(iii) Actual gratuity received

C.

Exemption limit is least of three:

(i) 15 day’s wages based on last drawn salary for every completed year

(ii) Rs. 3,50,000/-,

(iii) Actual gratuity received

D.

Exemption limit is least of three:

(i) 15 day’s wages based on last drawn salary for every completed year

(ii) Rs. 4,00,000/-,

(iii) Actual gratuity received

Question 3

Where one can open an account under the Public Provident Fund Scheme, 1968?

Options:

A.

In any branch of the State Bank of India.

B.

In any branch of the State Bank of India, and its subsidiaries.

C.

In any branch of the State Bank of India, and its subsidiaries, or in any Head Post Office or any selected sub post office.

D.

In any branch of the State Bank Of India, and its subsidiaries, or in any Head Post Office or any selected sub post office or in any of the nationalized banks.