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Pass Using GLO_CWM_LVL_1 Exam Dumps

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Total 1057 questions

Chartered Wealth Manager (CWM) Global Examination Questions and Answers

Question 13

A maximum of _____% of the issue would be allotted to one single QIB

Options:

A.

10

B.

25

C.

50

D.

75

Question 14

In straight line method

Options:

A.

Depreciation value per annum is constant over the useful life

B.

Depreciation value varies with the value of the asset every year

C.

Depreciation is at a fixed percentage of the value of the asset

D.

None of the above

Question 15

What is the exemption criteria U/S 10(10) (ii) of the IT Act, 1961 for any gratuity received by a seasonal employee?

Options:

A.

Exemption limit is least of there:

(i) 7 day’s wages (calculated as 26 working days in a month) based on last drawn salary for every number of seasons worked,

(ii) Rs. 3,50,000/-,

(iii) Actual gratuity received

B.

Exemption limit is least of three:

(i) 7 day’s wages based on last drawn salary for every number of seasons worked,

(ii) Rs. 3,00,000/-,

(iii) Actual gratuity received

C.

Exemption limit is least of three:

(i) 15 day’s wages based on last drawn salary for every completed year

(ii) Rs. 3,50,000/-,

(iii) Actual gratuity received

D.

Exemption limit is least of three:

(i) 15 day’s wages based on last drawn salary for every completed year

(ii) Rs. 4,00,000/-,

(iii) Actual gratuity received

Question 16

Which of the following statement is true in relation to life expectancy?

Options:

A.

I,II and IV

B.

I ,II and III

C.

I,III and IV

D.

All of these

Page: 4 / 40
Total 1057 questions