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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

Question 1

Section A (1 Mark)

A dividend paid by a company which is a resident of India to a resident of the United Kingdom may also be taxed in India but the Indian tax so charged shall not exceed __________per cent of the gross amount of the dividend.

Options:

A.

10

B.

15

C.

12

D.

20

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Question 2

Section B (2 Mark)

An employee benefit plan can generally help in accomplishing all of the following items except:

Options:

A.

Meet a need that cannot otherwise be met (such as providing for the cost of a serious illness)

B.

Provide unique tax benefits (such as funding a qualified retirement plan without current taxation of the plan contributions to the employee)

C.

Eliminate underwriting requirements on any personally purchased life insurance

D.

Encourage the employee to remain with the employer

Question 3

Section A (1 Mark)

A bank is considering making a loan to Jitesh Desai. Jitesh is a commissioned sales broker. Some months he earns as much as Rs 1,00,000 and in other months he earns virtually nothing. Which aspect of evaluating a consumer loan would this be concerned with?

Options:

A.

Character and purpose

B.

Income level

C.

Deposit balance

D.

Employment and residential stability