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Pass CWM_LEVEL_2 Exam Guide

Page: 40 / 47
Total 1259 questions

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

Question 157

Section A (1 Mark)

A(n)_______________ is a credit-rating agency that keeps records of borrowers' loan payment histories.

Options:

A.

Credit Agreement

B.

Credit Monitoring authority

C.

Credit Bureau

D.

Central Bank

Question 158

Section B (2 Mark)

A Family consists of karta, his wife four sons and their wires and children and its income is Rs. 1000000 if by family arrangement income yield property is settled on karta his wife and sons & daughter in law than tax liability would be

Options:

A.

Nil

B.

100000

C.

Calculated as per income tax Act 1961

D.

None of the above

Question 159

Section A (1 Mark)

An agreement entered into between the owner of the vacate land and the builder/ developer is known ____________.

Options:

A.

Lease / Tenancy Agreement

B.

Development Agreement

C.

Agreement for Sale

D.

Indemnity Bond

Question 160

Section A (1 Mark)

An arbitrage opportunity exists if an investor can construct a __________ investment portfolio that will yield a sure profit.

Options:

A.

Positive

B.

Negative

C.

Zero

D.

All of the above

Page: 40 / 47
Total 1259 questions