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AAFM GLO_CWM_LVL_1 Exam Dumps

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Number Of Questions: 1057

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Exam Details

Exam Name:

Chartered Wealth Manager (CWM) Global Examination

Exam Code:

GLO_CWM_LVL_1

Total Questions in Exam:

1057

Demo Questions

Q1. Calculate the death claim amount if the assured dies in the 25th year of the policy. Money back policy with SA of Rs. 50000. Term is 25 years. Survival benefits of 10% each paid at the end of 5th , 10th, 15th, and 20th years. Accrued bonus of Rs. 500 per thousand of SA.Interim bonus of Rs. 75 per 1000 of SA.

A.50000

B. 57500

C. 100000

D. 107500

Correct Answer: D

Q2. Smt. Rajalakshmi owns a house property at Adyar in Chennai. The municipal value of the property is Rs. 5,00,000, fair rent is Rs. 4,20,000 and standard rent is Rs. 4,80,000. The property was let-out for Rs. 50,000 p.m. up to December 2010. Thereafter, the tenant vacated the property and Smt. Rajalakshmi used the house for self-occupation. Rent for the months of November and December 2010 could not be realized in spite of the owner's efforts. She paid municipal Texas @12% during the year. She had paid interest of Rs.25,000 during the year for amount borrowed for repairs for the house property. Compute her income from house property for the A.Y. 2012-13.

A.Rs 281500

B. Rs 275500

C. Rs 269000

D. Rs 265400

Correct Answer: C

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