AAFM GLO_CWM_LVL_1 Exam (page: 24)
AAFM Chartered Wealth Manager (CWM) Global Examination
Updated on: 16-Feb-2026

Viewing Page 24 of 213

In the context of Organizational Models of banks in Wealth Management, a model in which Private Banking acts as a peripheral add-on to the core investment banking business is termed as:

  1. Hybrid
  2. IB dominated
  3. Universal
  4. None of the above

Answer(s): B



The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers

  1. Subrogation
  2. Contribution
  3. Co-insurance
  4. Indemnity

Answer(s): B



A bond can be issued at premium if

  1. Coupon rate > Required returns
  2. Coupon rate < Required returns
  3. Coupon rate = Required returns
  4. None

Answer(s): A



Deposit insurance covers _______.

  1. Savings
  2. Current
  3. Term
  4. All of the above

Answer(s): D



What is the time limit for assessment made u/s 16?

  1. One year
  2. Two years
  3. Five years
  4. No time limit

Answer(s): B



Viewing Page 24 of 213



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