AAFM India Chartered Wealth Manager® (CWM®) Certification Level 1 Examination Question Bank & Reviewed Answers • ExamPrepare

88 questions in this view

Page 1 of 15

Question 1

Section A - 1 Mark

Which of the following type of mortgage is an extremely good resource for retirement planning?

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Section A - 1 Mark

Income from which trust is added to the beneficiary taxable income?

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Section A - 1 Mark

Which of the following regulate the mutual fund industry in India?

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Section A - 1 Mark

As per presumptive income scheme under section 44AE, the presumed income shall be

Rs. 5,000 p.m. per goods carriage
Rs. 7,500 p.m. per goods vehicle, regardless of heavy or any other commercial goods carrier
Rs. 3,500 p.m. per heavy goods vehicle Rs. 3,150 p.m. for medium goods vehicle and Rs. 2,000 p.m. per light commercial vehicle
All of the above

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Section A - 1 Mark

An inverted yield curve implies that

Long-term interest rates are lower than short-term interest rates
Long-term interest rates are higher than short-term interest rates
Long-term interest rates are same as short-term interest rates
Intermediate term interest rates are higher than either short-or long-term interest rates

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Section A - 1 Mark

Mr. Narula received an income from and Indian company while he was on deputation outside India. His income will be treated as

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