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  3. GLO_CWM_LVL_1

AAFM GLO_CWM_LVL_1 Exam (page: 16)
AAFM Chartered Wealth Manager (CWM) Global Examination
Updated on: 15-Feb-2026

Viewing Page 16 of 213
GLO_CWM_LVL_1 PDF 1057 Questions

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

  1. Books
  2. Know-how
  3. Road in the factory building
  4. Electrical fittings

Answer(s): C



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

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

Answer(s): D



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

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

Answer(s): D



Jensen measure of a portfolio reflects

  1. Excess return over market portfolio
  2. Excess return over fair return as per CAPM
  3. Excess return over fair return as per APT
  4. Excess return over risk free return

Answer(s): B



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

  1. Equitable mortgage
  2. Balloon mortgage
  3. Simple mortgage
  4. None of the above

Answer(s): C



Viewing Page 16 of 213



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