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Chartered Wealth Manager CWM_LEVEL_2 Book

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Total 1259 questions

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

Question 181

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

Options:

A.

Rs. 72,000

B.

Rs. 60,000

C.

Nil

D.

Rs. 1,23,000

Question 182

Section C (4 Mark)

Nifty is at 3200. Mr. XYZ expects large volatility in the Nifty irrespective of which direction the movement is, upwards or downwards. Mr. XYZ buys 2 ATM Nifty Call Options with a strike price of Rs. 3200 at a premium of Rs. 97.90 each, sells 1 ITM Nifty Call Option with a strike price of Rs. 3100 at a premium of Rs. 141.55 and sells 1 OTM Nifty Call Option with a strike price of Rs. 3300 at a premium of Rs. 64.

What would be the Net Payoff of the Strategy?

• If Nifty closes at 2929

• If Nifty closes at 4325

Options:

A.

-9.75 and 9.75

B.

-9.75 and -9.75

C.

9.75 and -9.75

D.

9.75 and 9.75

Question 183

Section A (1 Mark)

A bank is considering making a loan to Sandeep Hunjan. Sandeep owns his own home and has lived there for the past four years. What aspect of evaluating a consumer loan application is this fact most concerned with?

Options:

A.

Character and purpose

B.

Deposit balance

C.

Employment and residential stability

D.

Pyramiding of debt

Question 184

Section B (2 Mark)

Money kept in current account normally earns

Options:

A.

0%

B.

2%

C.

4%

D.

None of the above

Page: 46 / 47
Total 1259 questions