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

Share reflects a contribution in ownership of the company

Options :

A : TRUE

B : FALSE

Answer: A

Question 2

Ram born in 1950 has a life expectancy at birth of 65 years. Sita his wife born in 1955 has a life expectancy at birth of 70 years. Assuming that the life expectancies have not changed. Ram is planning to buy an annuity to be paid to him or his wife till anyone of them is alive. Assuming Ram will retire on attaining age 58 i.e. in 2008, what should be the time period of the annuity?

Options :

A : 10 years

B : 12 years

C : 7 years

D : 17 years

Answer: D

Question 3

SHG stands for:

Options :

A : Society Housing Group

B : Society Household Group

C : Self House Group

D : Self Help Group

Answer: D

Question 4

Pure premium and Loss Ratio methods are two methods to determine

Options :

A : Judgement Rated premium

B : Class rated premium

C : Merit rated premium

D : None of the above

Answer: B

Question 5

Which of the following are the key issues in retirement planning of service class?

Options :

A : A, D

B : A, B, D

C : A, C, D

D : A, B, C

Answer: D