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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

What is codicil?

Options:

A.

Legal document used to transfer little of real property in the eyes of law

B.

Legal process of settling of disputes arising out of untimely death

C.

A situation where a person dies without a will

D.

Is a document that amends, rather than replaces, a preciously executed will

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Question 2

The Basel Committee has defined gross income as net interest income and plus net non-interest income and has allowed each relevant national supervisor to define gross income in accordance with the prevailing accounting practices. Accordingly the Reserve Bank of India in the draft guidelines issued on 11.03.2005 for implementation of the new capital adequacy framework has modified the Gross Income definition slightly. The Net Interest Income has been replaced by

Options:

A.

Net Profit

B.

Operating Profit

C.

No Changes made

D.

Interest Expended

Question 3

Movement through phases of the business cycle is initiated by shifts in aggregate demand which create fluctuations in GDP. Which combination of the following statement would be the most significant contributor to the upward shift in aggregate demand?

Options:

A.

(1), (2), (3) Only

B.

(1) and (3) Only

C.

(3) and (4) Only

D.

(2) and (4) Only