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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Exam Questions in PDF

Free AAFM GLO_CWM_LVL_1 Dumps Questions (page: 16)

Page 16 of 213 GLO_CWM_LVL_1 PDF — 1057 Questions

QUESTION: 76 Exam Topic: 1, Exam Pool A

The following is not `plant' u/s 43(3) of the Income-Tax Act, 1961

Books
Know-how
Road in the factory building
Electrical fittings

Answer(s): C

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QUESTION: 77 Exam Topic: 1, Exam Pool A

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

all deductions under Chapter VIA i.e. 80C to 80U will be allowable
all deductions under Chapter VIA i.e. 80C to 80U will not be allowable
all deductions under Chapter VIA i.e. 80C to 80U excepting 80-IA, 80-IAB, 80-IB, 80-IC will be allowable
all deductions under Chapter VIA i.e. 80C to 80U except 80-IA will be allowable

Answer(s): D

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QUESTION: 78 Exam Topic: 1, Exam Pool A

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

Allows for orderly distribution of assets and income following death
Ensures that the estate poses to the intended beneficiaries
Tax planning
Protects against money laundering

Answer(s): D

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QUESTION: 79 Exam Topic: 1, Exam Pool A

Jensen measure of a portfolio reflects

Excess return over market portfolio
Excess return over fair return as per CAPM
Excess return over fair return as per APT
Excess return over risk free return

Answer(s): B

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QUESTION: 80 Exam Topic: 1, Exam Pool A

Possession of the mortgaged property is not delivered to the mortgage in ...............

Equitable mortgage
Balloon mortgage
Simple mortgage
None of the above

Answer(s): C

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