GLO_CWM_LVL_1 Practice Online

Question 1

Indicate whether the following statement is True or False. Money launderers often use professional intermediaries to layer their illegal funds. These professional intermediaries include lawyers, company formation agents, accountants and other professionals working in non-financial institutions. A banker is not generally regarded as a professional intermediary because he works in a financial institution.

A : TRUE

B : FALSE

Answer: B

Question 2

"When a customer opts for a safe deposit locker, the bank becomes a _______."

A : Debtor

B : Creditor

C : Lessee

D : Lessor

Answer: D

Question 3

All stock market indexes are most accurately characterized by which of the following statements about the degree to which they co-vary together?

A : They are perfectly positively correlated

B : They are highly positively correlated

C : They are uncorrelated

D : They are negatively correlated

Answer: B

Question 4

Interest on savings bank accounts is paid on _______.

A : lowest balance between 10th and 30th of the month

B : lowest balance between 10th and the end of the month

C : daily balance during the month

D : lowest balance between 1st and 10th of the month

Answer: C

Question 5

Which of the following is not a part of scheduled banking structure in India?

A : Money Lenders

B : Public Sector Banks

C : Private Sector Banks

D : Regional Rural Banks

Answer: A

Name:	Chartered Wealth Manager (CWM) Global
Exam Code:	GLO_CWM_LVL_1
Certification:	Chartered Wealth Manager
Vendor:	AAFM
Total Questions:	1060
Last Updated:	May 29, 2026

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