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Chartered Wealth Manager (CWM) Global Examination Questions and Answers

Question 141

Which of the following statements are correct?

Options:

A.

I,III and IV

B.

I,II and III

C.

II and III

D.

All statements are true

Question 142

Income received in India in previous year is taxable in the hands of:

Options:

A.

Resident;

B.

Not-resident;

C.

Non ordinarily resident;

D.

All above.

Question 143

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

Question 144

Which of the following statements is TRUE concerning zero coupon bonds?

Options:

A.

Investors cannot lock in a high rate of return because of the lack of an annual coupon.

B.

The investor must pay taxes on the annual accrued interest even though no interest is actually received unless the bonds are held in tax-sheltered accounts

C.

Zero-coupon bonds generally require the investor to switch to a coupon-bearing bond after a period of 5 years.

D.

Large capital losses accrue when interest rates decline.

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Total 1057 questions
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