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CWM_LEVEL_2 AAFM Exam Lab Questions

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Total 1259 questions

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

Question 173

Section B (2 Mark)

Under the Payment of Gratuity Act, 1972, where the employee employed in a seasonal establishment is deemed to be in continuous service for such period if he actually worked for not less than __________% of the number of days on which the such establishment was in operation during such period.

Options:

A.

60

B.

70

C.

50

D.

75

Question 174

Section A (1 Mark)

Which among the following is not an advantage of setting up a trust?

Options:

A.

Allows for orderly distribution of assets and income following death

B.

Ensures that the estate poses to the intended beneficiaries

C.

Tax planning

D.

Protects against money laundering

Question 175

Section B (2 Mark)

After making an investment, assume that an investor overhears a news report that has negative implications regarding the potential outcome of the investment he has just executed. How likely is he to then seek information, if he exhibits self attribution bias, that could confirm that you’ve made a bad decision?

Options:

A.

Very unlikely.

B.

Unlikely.

C.

Likely.

D.

Very likely.

Question 176

Section B (2 Mark)

For calculation of liability of payment of gratuity to an employee on leaving service, the wage to be taken into account is

Options:

A.

Average wage earned during the entire service

B.

Average wage earned during the last 5 years

C.

Last drawn wage

D.

None of the above

Page: 44 / 47
Total 1259 questions