CWM_LEVEL_1

CWM_LEVEL_1 practice questions, page 2 of 6, with answer review and explanations.

Question 6

The principle of ensures that an insured does not profit by insuring with multiple insurers.

  1. Subrogation
  2. Contribution
  3. Co-insurance
  4. Indemnity

Question 7

Under which of the following steps does the wealth manager develops a SWOT chart for the client?

  1. Identifying Goals and Objectives
  2. Identifying and Clarifying the Current Situation
  3. Developing a Wealth Management Plan
  4. Analysing Financial Issues

Question 8

Employees Provident Fund is applicable to firms employing over ____________ employees.

  1. 20 or more
  2. 15 or more
  3. 10 or more
  4. 25 or more

Question 9

While granting a bank license, RBI considers all of the following, except ______________.

  1. Ability to pay depositors
  2. Price of equity share of company
  3. Character of proposed management
  4. Whether public interest will be served by grant of license to the company

Question 10

Which of the following is not generally accepted as joint family property?

  1. Separate property of Members
  2. Property allotted on partition
  3. Ancestral property
  4. Property acquired by the family jointly