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Question 100

Mr.Rajesh ,35 years old sole business consultant of “Oriental Décor Import”California , USA. He arranges Indian Handicraft Products in India as per “Oriental Décor Import” orders. He earns 5% commission on goods purchased by “Oriental Décor Import”. The “Oriental Décor Import” has invited him in USA for inauguration of their 21 chain stores In USA and Europe and he has to expect to say long for providing Indian Handicraft Product Training to all staffs of the Company working in different chain stores. As a Chartered Wealth Manager he comes to you to plan his journey in such a manner so that he can get maximum tax benefits in the assessment Year 2010–11 from the residential status point of view. In the year 2008–09 was present in India only 80 days. What is the latest date when he can afford to leave India to get maximum tax benefits in the said assessment year?

Options:

A.

On 06-10-2009

B.

On 01-10-2009

C.

On 28-09-2009

D.

On 25-09-2009 and return India before 25-03-2010

Question 101

Calculate the total return on the mutual fund investment with the below mentioned information:

Options:

A.

24.52%

B.

22.47%

C.

23.52%

D.

23.75%

Question 102

The probability distribution of the rate of return on ABC stock is given below:

What is the standard deviation of return?

Options:

A.

11.40%

B.

12.90%

C.

10.50%

D.

13.50%

Question 103

Mr. Ajay and Vijay both are 30 years old. And both are 30 years away from their retirements. Ajay saves Rs. 10,000/- p.a. for 8 years and stops. Vijay starts investing after Ajay stops and saves Rs. 10,000/- p.a. till he retires. Their savings earn 10% p.a. compounded yearly. At the retirement what is true?

Options:

A.

Vijay saves more than Ajay by Rs. 5,99,668/-

B.

Vijay saves more than Ajay by Rs. 1,40,000/-

C.

Ajay saves more than Vijay by Rs. 1,40,000/-

D.

Ajay saves more than Vijay by Rs. 2,16,886/-

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Exam Code: GLO_CWM_LVL_1
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Nov 23, 2024
Questions: 1057
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