Sure Pass Exam CWM_LEVEL_2 PDF

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

Question 61

Section A (1 Mark)

Mr. X’s minor daughter earned Rs. 50000 from his special talent. This income will be clubbed with

It will not be clubbed

The income of Mrs. X

The income of Mr. X

Mr. X or Mrs. X, whoever’s income is higher

Question 62

Section B (2 Mark)

A typical personal accident policy would normally have provisions to pay

2% of the sum assured per week up to a maximum of 52 weeks

1% of the sum assured per week up to a maximum of 104 weeks

1.5% of the sum assured per week up to a maximum of 48 weeks

1% of the sum assured per week up to a maximum of 104 weeks

Question 63

Section A (1 Mark)

Which of the following statements about Real Estate Investment Trusts is/are true?

REITs invest in real estate or loans secured by real estate.

REITs raise capital by borrowing from banks and issuing mortgages.

REITs are similar to open-end funds, with shares redeemable at NAV.

Both A and B are true.

Question 64

Section A (1 Mark)

The subscription paid into PPF account enjoys the tax benefit under

Sec 80D

Sec 10

Sec 80C

Sec 80G