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Chartered Wealth Manager (CWM) Global Examination

Last Update Nov 24, 2024
Total Questions : 1057

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Total Questions : 1057

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CWM_LEVEL_2 Total Questions : 1259 Updated : Nov 24, 2024

Chartered Wealth Manager (CWM) Global Examination Questions and Answers

Questions 1

Deduction under section 80QQB is allowed in respect of royalty income to:

Options:

A.

an individual who is an author of a book

B.

an individual who is resident in India and who is an author of a book

C.

an individual who is resident in India who is either an author of a book or a joint author of the book

D.

None of These

Questions 2

If any expenditure is incurred by an Indian company wholly and exclusively for the purpose of amalgamation or demerger, the said expenditure is

Options:

A.

Not allowable as a deduction in computing profits and gains of business or profession

B.

Allowed as a deduction spread over five successive previous year beginning with the previous year in which the amalgamation or demerger takes place

C.

Not deductible but is eligible to be treated as an intangible asset in respect of which depreciation can be claimed

D.

Fully deductible as revenue expenditure in the year in which it is incurred.

Questions 3

A trust is extinguished if

Options:

A.

All the beneficiaries who all competent to contract have given their consent for revocation of the trust

B.

Fulfillment of its purpose her become impossible

C.

In purpose is completely fulfilled

D.

Any one of the above

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