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Chartered Wealth Manager CWM_LEVEL_2 Full Course Free

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Total 1259 questions

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

Question 169

Section C (4 Mark)

Read the senario and answer to the question.

For the purpose of World Tour Nimita has an option to use her investments in PPF A/c. She would contribute maximum permissible amount on the 1st working day of April every year till its due maturity as well as in all years of the extension of account for a 5-year term after its due maturity. She wants to use half of the PPF account proceeds for the proposed world tour. You estimate the adequacy of such amount, the same is _____________.

Options:

A.

Short by Rs. 44,200

B.

In excess by Rs. 1,05,400

C.

Short by Rs. 44,200

D.

In excess by Rs. 52260

Question 170

Section B (2 Mark)

You borrowed Rs8500, with the understanding that you are to make monthly payments over 36 months. Interest is charged at 7% compounded monthly. If you were to increase your payments by Rs20 per month, how much less time would it take you to pay back the loan?

Options:

A.

2.49 months

B.

2.81 months

C.

3.28 months

D.

1.55 months

Question 171

Section B (2 Mark)

Which of the following statements with respect to US Taxation Structure is/are correct?

Options:

A.

I and II

B.

III and IV

C.

I, II and IV

D.

II, III and IV

Question 172

Section B (2 Mark)

An employee joined in the year 2000 in a sugar mill. After working all the years as a seasonal employee up to the year 2011. He retires with the following monthly salary

How much gratuity is payable to him?

Options:

A.

Rs 11308

B.

Rs 9692

C.

Rs 8885

D.

Rs 20769

Page: 43 / 47
Total 1259 questions