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Chartered Wealth Manager GLO_CWM_LVL_1 Passing Score

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Total 1057 questions
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Chartered Wealth Manager (CWM) Global Examination Questions and Answers

Question 21

Which of the following taxes are allowed as deduction while computing the business income?

Options:

A.

Wealth tax

B.

Banking cash transaction tax (BCTT)

C.

Fringe benefit tax (FBT)

D.

Income-tax

Question 22

Calculate premium payable for term insurance policy of Rs. 10 lacs, for a group of 278 people of 39 years of age. The Mortality Table shows that in this age group 2,681 people die every year in a group of 12,50,000.

Options:

A.

Rs. 784250.60

B.

Rs. 485005.75

C.

Rs. 592100.50

D.

Rs. 596254.40

Question 23

Girish is 25 years old and plans to retire at 60. His life expectancy is 75 years. Mr. Binoy his CWM® estimates that his client will require Rs. 45,000 in the first month after retirement. Inflation rate is 5% p.a. and the rate of return is 7% p.a. How much she should save every year in order to achieve her post retirement needs?

Options:

A.

Rs. 61,193/-

B.

Rs. 65,384/-

C.

Rs. 50,932/-

D.

Rs. 62,359/-

Question 24

Derive policy cost per thousand with following data:

Options:

A.

34.79

B.

22.75

C.

13.55

D.

10.51

Page: 6 / 40
Total 1057 questions
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