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Chartered Wealth Manager GLO_CWM_LVL_1 Dumps PDF

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Question 36

If the deceased has two widows, four sons and two daughters then what is the share of each widow

Options:

A.

One seventh of estate

B.

One half of estate

C.

One eighth portion

D.

One fourteenth portion

Question 37

“Premium” is associated with

Options:

A.

Forward

B.

Futures

C.

Options

D.

All of the above

Question 38

Deduction under section 80QQB is allowed to an author of a book of literary or artistic or scientific nature who is resident in India to the extent of:

Options:

A.

100% of royalty income or Rs. 5,00,000 whichever is less

B.

100% of royalty income or Rs. 3,00,000 whichever is less

C.

50% of royalty income or Rs. 5,00,000 whichever is less

D.

50% of royalty income or Rs. 3,00,000 whichever is less

Question 39

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

Options:

A.

Equitable mortgage

B.

Balloon mortgage

C.

Simple mortgage

D.

None of the above

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Exam Code: GLO_CWM_LVL_1
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Apr 15, 2024
Questions: 1057
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