Most Recent AAFM GLO_CWM_LVL_1 Exam Dumps

Prepare for the AAFM Chartered Wealth Manager (CWM) Global Examination exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the AAFM GLO_CWM_LVL_1 exam and achieve success.

The questions for GLO_CWM_LVL_1 were last updated on Feb 20, 2025.

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Question No. 1

"This is the "crowding out" theory: Increased government borrowing crowds household and business investment out of limited savings, driving up _______, but not raising total demand." Fill in the blank.

Ataxes

Binflation

Cinterest rates

Demployment

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Correct Answer: C

Question No. 2

If an assessed earns rent from a sub-tenant in respect to tenanted property let out as a residence, the said rent is:

AExempt under Section 10.

BTaxable under the head income from house property.

CTaxable as business income, as the letting out is a commercial activity.

DTaxable as income from other sources, unless the assessed is in the business of subletting properties on a regular basis.

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Correct Answer: D

Question No. 3

Why do criminals launder money?

Ai, ii, and iii

Bi, ii, and iv

Cii, iii, and iv

DAll of the above

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Correct Answer: B

Question No. 4

Which is not the condition for getting superannuation fund approved?

AAll the benefits should be payable only in India

BEmployee should be contributor to the fund

CEmployer should be contributor to fund

DFunds have to be invested as per income tax rules1962

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Correct Answer: B

Question No. 5

Which of the following costs best describes the cost of foregone income that results from making an economic decision to use funds to purchase a piece of equipment?

ACost of Capital

BFixed Cost

CMarginal Cost

DOpportunity Cost

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Correct Answer: D

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