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All CWM_LEVEL_2 Test Inside AAFM Questions

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Total 1259 questions

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

Question 165

Section A (1 Mark)

For calculating the benefit under Entertainment allowance, Salary means,

Options:

A.

Basic Salary

B.

Basic Salary + DA

C.

Basic Salary + DA + commission

D.

Basic Salary + DA + commission + Bonus

Question 166

Section A (1 Mark)

Investments that are difficult to convert to cash are said to have _________

Options:

A.

High Liquidity

B.

Low Liquidity

C.

High standard deviation

D.

Low standard deviation

Question 167

Section A (1 Mark)

You buy a investment plan by investing Rs. 6000/- per month for first 12years and Rs. 11000/- per month for next 12 years. If the rate of interest is 15% per annum compounded monthly . How much amount would you have after 24 years?

Options:

A.

18876542

B.

2391612

C.

18692506

D.

18954240

Question 168

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?

Options:

A.

(I) only

B.

(I) and (IV) only

C.

(I) and (III) only

D.

(II) and (IV) only

Page: 42 / 47
Total 1259 questions