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CWM_LEVEL_2 Exam Dumps - Chartered Wealth Manager (CWM) Certification Level II Examination

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Question # 9

Section A (1 Mark)

Mr. Naresh is working in a reputed company and earning Rs. 5,00,000/- p.a. and is now 50 years old. He has invested Rs. 2,50,000/- in an annuity which will pay him after 5 years a certain amount p.a. at the end of every year for 10 years. Rate of interest is 8% p.a. Calculate how much he will receive at the end of every year after 5 years?

A.

376231

B.

53927

C.

367332

D.

54743

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Question # 10

Section B (2 Mark)

An assessee was allowed deduction of unrealized rent to the extent of Rs. 40,000 in the past although the total unrealized rent was Rs. 60,000. He is able to recover from the tenant Rs.45,000 during the previous year on account of such unrealized rent. He shall be liable to tax to the extent of:

A.

Rs. 45,000

B.

Nil

C.

Rs. 25,000

D.

Rs. 35,000

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Question # 11

Section A (1 Mark)

A market timing approach that increases the proportion of funds in stocks when the stock market is expected to be rising, and increases cash when the stock market is expected to be falling is a:

A.

Strategic asset allocation.

B.

Tactical asset allocation.

C.

Portfolio optimization.

D.

Liquidity expectation timing.

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Question # 12

Section C (4 Mark)

Read the senario and answer to the question.

What would be the taxable amount on gratuity received by Jogen, if he would retired from an organization where employees are not covered under Gratuity Act?

A.

Rs. 75,000

B.

Rs. 3,50,000

C.

Rs. Nil

D.

Rs. 69,300

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Question # 13

Section B (2 Mark)

If Raman Industries Ltd. share price is Rs.50 and its current dividend is Rs.5/- per share which is growing at 7 percent rate per year, determine its required return?

A.

18.70 percent

B.

4.10 percent

C.

17.70 percent

D.

17.25 percent

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Question # 14

Section A (1 Mark)

An arbitrage opportunity exists if an investor can construct a __________ investment portfolio that will yield a sure profit.

A.

Positive

B.

Negative

C.

Zero

D.

All of the above

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Question # 15

Section B (2 Mark)

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

A.

Swaps cannot be written for long horizons.

B.

Swaps are more expensive than restructuring balance sheets.

C.

Swaps, like forward contracts, lack liquidity.

D.

All of the above are disadvantages of swaps.

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Question # 16

Section A (1 Mark)

The basic competitive factors facing industries include all of the following except:

A.

Bargaining power of suppliers

B.

Threat of government regulation

C.

Rivalry between existing competitors

D.

Threat of substitute products

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