Smartly Prepare Exam with Free Online CWM_LEVEL_1 Practice Test

We offer the latest CWM_LEVEL_1 practice test designed for free and effective online Chartered Wealth Manager (CWM) Certification Level 1 Examination certification preparation. It's a simulation of the real CWM_LEVEL_1 exam experience, built to help you understand the structure, complexity, and topics you'll face on exam day.

Question 1

Deductions under section 54 are allowed from

Options :

A : Gross Total Income

B : Long Term Capital Gain

C : Gross total income exclusive of long-term capital gain as well as short-term capital gain

D : Net Total Income

Answer: C

Question 2

A person is said to be Agnate of another if the two of them are

Options :

A : Related by blood or adoption entirely or wholly through males

B : Related by blood or adoption entirely or wholly through females

C : Related by blood or adoption entirely or wholly through their relatives

D : Related by blood or adoption entirely or wholly through the guardian other than family member

Answer: A

Question 3

What are the advantages of 100% book building?

Options :

A : Marketing of issue to wholesale bidders work out cheaper

B : Issue can be completed in single stage

C : Time lag between pricing and listing is less

D : All of the above

Answer: D

Question 4

Statement I: Financial risk is associated with a firm's sources of financing.

Statement II: The use of financial leverage is the source of financial risk

Options :

A : Statement I is correct.

B : Statement II is correct

C : Both statements are correct.

D : Both statements are incorrect.

Answer: B

Question 5

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

Options :

A : Subrogation

B : Contribution

C : insurance

D : Indemnity

Answer: B