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AAFM CWM_LEVEL_2 Exam Dumps

AAFM CWM_LEVEL_2 Exam Dumps

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Number Of Questions: 1259

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Exam Details

Exam Name:

Chartered Wealth Manager (CWM) Certification Level II Examination

Exam Code:

CWM_LEVEL_2

Total Questions in Exam:

1259

Demo Questions

Q1. Section C (4 Mark) Read the senario and answer to the question. Mr. Bhatia owns a Maruti Wagonr with a monthly EMI of Rs. 6,312. The above loan will be completely repaid by August 2008. Mr. Bhatia planning to purchase a new car worth of Rs. 15 lakh. For this he has to take a full value loan of the car with 9% interest for 5 years. But his present car is in good condition and life of this car is approximately another 5 years repairs and maintenance cost are minimum. If he postpones his car purchasing plan now and deposit the same EMI outflow required for new car into an SIP with a minimum 15% yield for the next five years, then calculate the fund he can accumulate?

A.Rs. 23.66 lacs

B. Rs. 27.58 lacs

C. Rs. 23.49 lacs

D. Rs. 30.47 lacs

Correct Answer: B

Q2. Section C (4 Mark) Read the senario and answer to the question. Assume the following additional facts: The Shankers have purchased a homeowner's policy (comprehensive) covering 100% of the replacement cost of their residence. This policy has a Rs. 500 deductible. Also, they have purchased a disability income policy with a 30-day elimination period and an any-occupation definition of disability. What actions should the Shankers consider in order to improve the quality of the insurance program described above?

A.(I) only

B. (I) and (IV) only

C. (I) and (III) only

D. (II) and (IV) only

Correct Answer: B

Q3. Section C (4 Mark) Read the senario and answer to the question. Mr. Bhatia owns a Maruti Wagonr with a monthly EMI of Rs. 6,312. The above loan will be completely repaid by August 2008. Mr. Bhatia planning to purchase a new car worth of Rs. 15 lakh. For this he has to take a full value loan of the car with 9% interest for 5 years. But his present car is in good condition and life of this car is approximately another 5 years repairs and maintenance cost are minimum. If he postpones his car purchasing plan now and deposit the same EMI outflow required for new car into an SIP with a minimum 15% yield for the next five years, then calculate the fund he can accumulate?

A.Rs. 23.66 lacs

B. Rs. 27.58 lacs

C. Rs. 23.49 lacs

D. Rs. 30.47 lacs

Correct Answer: B

Q4. Section C (4 Mark) Read the senario and answer to the question. Harish wants to know what amount is eligible for deductible u/s 24 of Income Tax for housing loan repayments in computation of his Income tax liability for AY 2010-11.

A.Rs. 1,43,080

B. Rs. 1,50,000

C. Rs. 1,44,270

D. Rs. 1,43,680

Correct Answer: D

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