Month End Special 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: Board70

CWM_LEVEL_2 Exam Dumps - AAFM Chartered Wealth Manager Questions and Answers

Question # 94

Section A (1 Mark)

Independent Individualist has __________ risk tolerance

Options:

A.

Low

B.

Very High

C.

Moderate

D.

High

Buy Now
Question # 95

Section A (1 Mark)

In “Teenage Years” life stage, one learns about ___________

Options:

A.

Budgeting

B.

Earned income

C.

How money makes money

D.

All of the above

Buy Now
Question # 96

Section C (4 Mark)

Suppose Nifty is at 4500 in May. An investor, Mr. A, executes a Long Strangle by buying a Rs. 4300 Nifty Put for a premium of Rs. 23 and a Rs 4700 Nifty Call for Rs 43.

What would be the Net Payoff of the Strategy?

• If Nifty closes at 4232

• If Nifty closes at 5241

Options:

A.

2 and 475

B.

120 and -431

C.

91 and 145

D.

45 and 51

Buy Now
Question # 97

Section A (1 Mark)

_________________ is a method to evaluate a large volume of consumer loans quickly with minimum labor. This method is a statistical model which predicts whether the consumer will repay the loan or not.

Options:

A.

Debt Scoring

B.

Credit Scoring

C.

Credit Process

D.

Debt consolidation

Buy Now
Question # 98

Section A (1 Mark)

The most profitable credit card customers for a bank are those that:

Options:

A.

Use their credit card frequently

B.

Pay off any charges incurred within a few days

C.

Charge at least Rs 5,000 per year

D.

Use their credit card as a source of installment loans

Buy Now
Question # 99

Section C (4 Mark)

Which of the following statements is/are correct?

Options:

A.

I and II

B.

I, II and IV

C.

III and IV

D.

All of the Above

Buy Now
Question # 100

Section C (4 Mark)

You are given the following set of data:

Historical Rate of Return

Determine the arithmetic average rates of return and standard deviation of returns of the NSE over the period given.

Options:

A.

14.25%, 23.75%

B.

12.10%, 22.62%

C.

15.63%, 27.63%

D.

16.74%, 29.74%

Buy Now
Question # 101

Section A (1 Mark)

Operational customer relationship management supports which of the following function?

Options:

A.

Front Office

B.

Customer campaigns

C.

Effective interaction

D.

Data mining

Buy Now
Question # 102

Section A (1 Mark)

The____________________ in commercial real estate requires that the tenant pay a significant share of expenses of operation, as well as all taxes and insurance related to their rental unit.

Options:

A.

Triple net lease

B.

The Gross Lease

C.

The Modified Net Lease

D.

None of the Above

Buy Now
Question # 103

Section B (2 Mark)

Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs. 5000 per month. The income from such house property will be taxable in the hands of:

Options:

A.

Mrs. Juneja

B.

Vikrant. However income will be computed first as Mrs. Juneja’s income and thereafter clubbed in the income of Manish.

C.

Vikrant, as he will treated as deemed owner & liable to pay tax

D.

Anyone amongst both of them, whose income is greater.

Buy Now
Question # 104

Section A (1 Mark)

______________ is based on a particular (theoretical) lottery game that leads to a random variable with infinite expected value, i.e., infinite expected payoff, but would nevertheless be considered to be worth only a very small amount of money.

Options:

A.

Alias Paradox

B.

St. Petersburg Paradox

C.

Cramer's Solution

D.

The Friedman-Savage Puzzle

Buy Now
Question # 105

Section C (4 Mark)

Read the senario and answer to the question.

Sajan and Jennifer want to accumulate funds for their vacation expenses as per their determined goal. They want to invest a fixed amount immediately from the Bonus amount he has received, and then in the beginning of every financial year till April, 2020 in a separate scheme of an Equity Mutual Fund. He would withdraw the required amount annually as adjusted for inflation from the Scheme from April, 2021 till April, 2036 for undertaking vacation trips. What approximate amount should be invested every year to achieve this goal?

Options:

A.

Rs. 2.08 lakh

B.

Rs. 1.86 lakh

C.

Rs. 1.94 lakh

D.

Rs. 1.79 lakh

Buy Now
Question # 106

Section A (1 Mark)

A type of lease where there is no payment schedule and penalty for a set period of lines.

Options:

A.

True lease

B.

Sub lease

C.

Operating lease

D.

Skip lease

Buy Now
Question # 107

Section B (2 Mark)

Babu Lal sold his residential house on 28-06-2010 and made a long term capital gain of Rs. 372229. He purchased a new house on 22-10-2010 for Rs. 360000 which is again sold for Rs.620000 on 16-6-2011. He purchased another house on 20-12-2011 for Rs.786000. Calculate the exemption available u/s 54 for the assessment year 2012-13. [CII-12-13: 852,11-12: 785,10-11:711]

Options:

A.

Rs.786000

B.

Rs.360000

C.

Rs.372229

D.

Nil

Buy Now
Question # 108

Section A (1 Mark)

Under which of the following categories of General Warranty Deed does the Grantor warrants that the property is free of any liens or encumbrances unless they're specifically stated in the deed?

Options:

A.

Covenant of seisin

B.

Covenant against encumbrances

C.

Covenant of quiet enjoyment

D.

Covenant of further assurance

Buy Now
Exam Code: CWM_LEVEL_2
Exam Name: Chartered Wealth Manager (CWM) Certification Level II Examination
Last Update: Jan 31, 2025
Questions: 1259
CWM_LEVEL_2 pdf

CWM_LEVEL_2 PDF

$25.5  $84.99
CWM_LEVEL_2 Engine

CWM_LEVEL_2 Testing Engine

$28.5  $94.99
CWM_LEVEL_2 PDF + Engine

CWM_LEVEL_2 PDF + Testing Engine

$40.5  $134.99