Chartered Wealth Manager GLO_CWM_LVL_1 Exam Questions and Answers PDF

The probability distribution of the rate of return on a stock is given below:

What is the standard deviation of return?

Mr. M is an employee of Z Ltd. His basic pay is Rs.24,000 p.a., Dearness Allowance Rs.12,000 p.a; Medical Allowance (fixed) Rs.10,000 p.a.; Conveyance Allowance Rs.6,000 p.a.; Professional Tax deducted from his salary Rs.1,000 p.a.; Free lunch provided during office hours valued at Rs.12,000 for a 300-working day year; free education for two children in a school owned and maintained by the employer – school tuition fee for both the children is estimated at Rs.18,000 p.a.

What is Net Income of Mr. M and examine whether he is a specified or non-specified employee?

A stock caries the following returns over a five year period:

A trust not created by a will can be revoked only