Smartly Prepare Exam with Free Online GLO_CWM_LVL_1 Practice Test

We offer the latest GLO_CWM_LVL_1 practice test designed for free and effective online Chartered Wealth Manager (CWM) Global certification preparation. It's a simulation of the real GLO_CWM_LVL_1 exam experience, built to help you understand the structure, complexity, and topics you'll face on exam day.

Question 1

Indicate whether the following statement is True or False. Money launderers often use professional intermediaries to layer their illegal funds. These professional intermediaries include lawyers, company formation agents, accountants and other professionals working in non-financial institutions. A banker is not generally regarded as a professional intermediary because he works in a financial institution.

Options :

A : TRUE

B : FALSE

Answer: B

Question 2

Trading horizon is ______________

Options :

A : Is stated in money terms

B : Is calculated as the opportunity lost

C : Is calculated in number of days

D : None of the above

Answer: C

Question 3

Fine in case of cheque bouncing can go up to _________.

Options :

A : twice the cheque amount

B : cheque amount

C : thrice the cheque amount

D : Rs. 5 lakh

Answer: A

Question 4

Ranbir deposits Rs. 80000 as a lump sum amount in a immediate annuity. He will receive annuity on a monthly basis for next one year. Determine the monthly amount he is entitled to receive. The rate of interest is 15%

Options :

A : Rs 7221

B : Rs 7122

C : Rs 7321

D : Rs 7425

Answer: A

Question 5

The possibility that a person’s house will be destroyed due to a natural disaster is an example of ?

Options :

A : I only

B : I and II only

C : III and IV only

D : II and IV only

Answer: B