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

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Question # 161

Section B (2 Mark)

The employer had purchased a car for Rs. 3,00,000 which was being used for official purposes. After 2 year 6 months of its use, the car is sold to R, the employee, for Rs. 1,20,000. The value of this perquisite shall be

A.

Rs. 72,000

B.

Rs. 60,000

C.

Nil

D.

Rs. 1,23,000

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Question # 162

Section A (1 Mark)

The trust which is empty at creation during life and tranfers the property into the trust at death is called ____________

A.

Special trust

B.

Will trust

C.

Secret trust

D.

Pourover trust

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Question # 163

Section A (1 Mark)

All of the following are assumptions made by technical analysts except:

A.

Changes in trend are caused by shifts in supply and demand relationships.

B.

Stock price movements are independent.

C.

Security prices tend to move in trends.

D.

Supply and demand of securities are determined by various factors.

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Question # 164

Section A (1 Mark)

Amit has monthly net income of Rs10500. He has a house payment of Rs 4500 per month, a car loan with payments of Rs 2500 per month, a Visa card with payments of Rs 500 per month, and a credit card with a local department store with payments of Rs 1000 per month.

What is Amit's debt payments-to-income ratio?

A.

2.63

B.

1.24

C.

0.81

D.

0.38

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Question # 165

Section A (1 Mark)

If an investor searches for patterns in security returns by examining various techniques applied to a set of data, this is known as:

A.

Fundamental analysis.

B.

Technical analysis.

C.

Data mining.

D.

Random-walk theory.

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Question # 166

Section B (2 Mark)

Resident but not ordinary resident (RNOR) is ____________ on Indian Income and ___________ on Foreign Income.

A.

Taxable and Non Taxable

B.

Non Taxable and Taxable

C.

Taxable and Taxable

D.

Non Taxable and Non taxable

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Question # 167

Section B (2 Mark)

The estimated Net Operating Income of an office building is Rs. 12000 per year. An appraiser decide the appropriate capitalization rate is 12% comprised of 10% return on investment and 2% for depreciation, what is the estimated value of the building?

A.

Rs. 1,00,000

B.

Rs 1,20,000

C.

Rs 1,44,000

D.

Rs 1,50,000

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Question # 168

Section A (1 Mark)

_______________ and _______________ mandates are two kinds of service level contracts

A.

Advisory, Discretionary

B.

Discretionary, Managed

C.

Advisory, Managed

D.

None of the above

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