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Chartered Wealth Manager (CWM) Global Examination Questions and Answers

Question 33

Consider two bonds, X and Y. Both bonds presently are selling at their par value of Rs.1000. Each pays interest of Rs.150 annually. Bond X will mature in 6 years while bond Y will mature in 7 years. If the yields to maturity on the two bonds decrease from 15% to 12%:

Options:

Both bonds will increase in value, but bond X will increase more than bond Y

Both bonds will decrease in value, but bond X will decrease more than bond Y

Both bonds will increase in value, but bond Y will increase more than bond X

Both bonds will decrease in value, but bond Y will decrease more than bond X

Question 34

Liability of a member in case of a private company is

Options:

Limited

Unlimited

Both (a) or (b)

None of the above

Question 35

The following is an exempt income:

Options:

Travel concession to employee

Remuneration received for valuation of answer scripts

Encashment of leave salary whilst in service

Perquisites in India

Question 36

Which of the following assets not included in calculating wealth tax?

Options:

Commercial buildings

Residential

A farm situated 40 km far from local limits of any municipality or a cantonment Board

Any guest house

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Chartered Wealth Manager (CWM) Global Examination Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce