AAFM GLO_CWM_LVL_1 Online Access

Chartered Wealth Manager (CWM) Global Examination Questions and Answers

Question 61

Which of the following is not true about traditional defined benefit plans?

A defined benefit plan provides a specified retirement benefit, and is funded based on actuarial assumptions

A defined benefit plan provides higher proportionate benefits for key employees when key employees as a group are older than rank and file employees

A defined benefit plan provides an individual account for each employee who participates

A defined benefit plan can provide benefits for service prior to establishment of the plan

Question 62

Any amount payable and the amount of refund due under the Income Tax Act,1961

shall be rounded off to the nearest multiple of.......... ?

Rs. 10

Rs. 1

Rs. 100

No rounded off is done

Question 63

A return relative is

Total return

Total return +1

1/ Total return

1 + 1/ Total return

Question 64

In “Teenage Years” life stage, one learns about ___________

Budgeting

Earned income

How money makes money

All of the above