CWM_LEVEL_2 Exam Dumps - AAFM Chartered Wealth Manager Questions and Answers

Section A (1 Mark)

In US which group is unlikely to support tax limitations?

Section B (2 Mark)

The minimum service required for entitlement to payment of gratuity under the Act, in case of an employee leaving service by death or incapacitation is

Section C (4 Mark)

Read the senario and answer to the question.

Calculate the return on Jogen’s investments in SBI Ltd shares.

Section A (1 Mark)

Mr. Sharma is aged 50 years at present. He has invested some amount in an annuity which will pay him after 10 years Rs. 25,000/- p.a. at the beginning of every year for 10 years. Rate of interest is 6% p.a. Calculate how much amount he has invested now?

Section A (1 Mark)

Assessing client’s level of risk tolerance is done while

Section B (2 Mark)

A disadvantage of using swaps to control interest rate risk is that

Section C (4 Mark)

As a CWM you are required to calculate the tax liability of an individual whose taxable income is:

• $ 83560 in SGD and he is a Singapore citizen

• £ 73150p.a (only employment) and he is a UK citizen

Section A (1 Mark)

Short-term cash flow improvement may not be achieved by

Section A (1 Mark)

Mortgage loans:

Section A (1 Mark)

Retiring early will need

Section B (2 Mark)

The risk-free return is 9 percent and the expected return on a market portfolio is 12 percent. If the required return on a stock is 14 percent, what is its beta?

Section C (4 Mark)

Read the senario and answer to the question.

Raman is considering the purchase of a office building and, as part of his analysis, from the following given data calculate the appraised value of the property using the Income Approach?

Section B (2 Mark)

Miss Femina aged 17, is married to Mr. Masculine. Her mother alone is alive income by way of interest on loans, of Miss Femina will be:-

Section C (4 Mark)

Mr. Chopra runs a Garment Factory, he is very concerned about his retirement and wants you to help him out in planning for it. His Current annual expenses are Rs. 12,00,000 which would be rising at an annual rate of 8% pre- retirement and 2% post retirement. His current age is 50 years and he wants to work till the age of 65. The expected life expectancy in his family is 75 years. Calculate the monthly contribution he must make till his retirement if the pre- retirement returns are 12% p.a. compounded monthly and post-retirement returns are 8% p.a compounded annually.

Section A (1 Mark)

An appealing feature of options on futures contracts is that: