Complete CWM_LEVEL_2 AAFM Materials

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

Question 93

Section C (4 Mark)

Read the senario and answer to the question.

Sajan and Jennifer want to accumulate funds for their vacation expenses as per their determined goal. They want to invest a fixed amount immediately from the Bonus amount he has received, and then in the beginning of every financial year till April, 2020 in a separate scheme of an Equity Mutual Fund. He would withdraw the required amount annually as adjusted for inflation from the Scheme from April, 2021 till April, 2036 for undertaking vacation trips. What approximate amount should be invested every year to achieve this goal?

Options:

Rs. 2.08 lakh

Rs. 1.86 lakh

Rs. 1.94 lakh

Rs. 1.79 lakh

Question 94

Section A (1 Mark)

Mortgage loans:

Options:

Are used to purchase real estate.

Are primarily long term.

Usually have more than half the balance remaining when the loan is half-way to maturity.

All of the above.

Question 95

Section B (2 Mark)

Non-Resident (NR) is __________on Indian Income and ___________on Foreign Income.

Options:

Non Taxable and Taxable

Taxable and Non Taxable

Taxable and Taxable

Non Taxable and Non taxable

Question 96

Section A (1 Mark)

In “Teenage Years” life stage, one learns about ___________

Options:

Budgeting

Earned income

How money makes money

All of the above

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

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CompTIA

Fortinet

Microsoft

Salesforce