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

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Chartered Wealth Manager (CWM) Certification Level II Examination Questions and Answers

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Question 1

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

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Question 2

Section A (1 Mark)

If the proposer does not disclose fully all the material facts at the time of Proposal the principle violated

Options:

A.

Caveat emptor

B.

Insurable interest

C.

Utmost good faith

D.

Sharing of risk

Question 3

Section A (1 Mark)

Mr.Gopal is working in a reputed company and earning Rs. 3,00,000/- p.a. and is now 48 years old. He has invested Rs. 3,00,000/- in an annuity which will pay him after 5 years a certain amount p.m. at the end of every month for 10 years. Rate of interest is 8% p.a. Calculate how much he will receive at the end of every month after 5 years?

Options:

A.

5,355

B.

5423

C.

5691

D.

5487

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