Latest [Dec 04, 2021] CWM_LEVEL_2 Exam Questions – Valid CWM_LEVEL_2 Dumps Pdf
CWM_LEVEL_2 Practice Test Questions Answers Updated 1234 Questions
NEW QUESTION 51
Section A (1 Mark)
The APT is based on the:
- A. Law of accelerating return.
- B. Law of attraction.
- C. Law of averages.
- D. Law of one price.
Answer: D
NEW QUESTION 52
Section B (2 Mark)
A client has a minor child she is concerned about what might happen if she was to die while the child was still young and unable to sensibly handle a sizeable in heritance one solution could be to draft her will so that the child receives the asset once reaching age 21 this is an example of
- A. An inter vivo trust
- B. A testamentary trust
- C. A family trust
- D. A discretionary trust
Answer: B
NEW QUESTION 53
Section B (2 Mark)
Encashment of leave during service tenure is
- A. Tax free up to 50% of the notified amount
- B. Taxable
- C. Taxable only if more than the notified exemption
- D. Tax free
Answer: B
NEW QUESTION 54
Section B (2 Mark)
In US which form tells your employer all they need to know about your tax-related allowance information?
- A. W-2
- B. W-4
- C. W-10
- D. W-7
Answer: B
NEW QUESTION 55
Section B (2 Mark)
Which of the following statements is/are true?
- A. II,III and IV
- B. I, III and IV
- C. I,II and IV
- D. I, II and III
Answer: C
NEW QUESTION 56
Section C (4 Mark)
Read the senario and answer to the question.
Mr. Bhatia is interested to invest in a mutual fund SIP account and expecting which will grow by atleast 12% for Neena's education need. Calculate how much he has to deposit per month?
- A. Rs. 15,913
- B. Rs. 16,946
- C. Rs. 12,952
- D. Rs. 14,956
Answer: C
NEW QUESTION 57
Section A (1 Mark)
An Agreement entered into between the Sellor and Buyer for transfer of the right / ownership of the property on an outright sale/purchase is known as __________.
- A. Agreement for Sale
- B. Development Agreement
- C. Indemnity Bond
- D. Lease / Tenancy Agreement
Answer: A
NEW QUESTION 58
Section C (4 Mark)
An investor purchased on margin Alpha Computer for Rs. 30/- a share. The stock's price subsequently rose to Rs. 50/- a share at which time the investor sold the stock. If the margin requirement is 60 percent and the interest rate on borrowed funds was 7 percent, what would be the percentage earned on the investor's funds (excluding commissions)? What would have been the return if the investor had not bought the stock on margin?
- A. 106.44%, 66.7%
- B. 95.26%, 47.27%
- C. 108.47%, 52.36%
- D. 102.23%, 57.39%
Answer: A
NEW QUESTION 59
Section A (1 Mark)
Pure premium and Loss Ratio methods are two methods to determine
- A. None of the above
- B. Merit rated premium
- C. Judgement Rated premium
- D. Class rated premium
Answer: D
NEW QUESTION 60
Section B (2 Mark)
A Resident is defined as not Ordinarily Resident provided such individual has been: a non- resident in 9 out of
10 Financial Years preceding the current year or his stay in India totals to _________days or less in
___________financial years preceding the current year.
- A. 856 and 10
- B. 729 and 7
- C. 860 and 9
- D. 730 and 8
Answer: B
NEW QUESTION 61
Section B (2 Mark)
Miss Femina aged 17, is married to Mr. Masculine. Her mother alone is alive income by way of interest on loans, of Miss Femina will be:-
- A. Exempt from tax
- B. Taxable in her own hands
- C. Assessed to tax in the hands of Mr. Musciline
- D. Assessed to tax in the hands of her mother
Answer: D
NEW QUESTION 62
Section A (1 Mark)
If a testator makes a will 'to induce another person to make him comply with his (testators) wish' but does not have any testamentary operation or intention, then this will is called as
- A. Concurrent will
- B. Sham will
- C. Duplicate will
- D. Disguise will
Answer: B
NEW QUESTION 63
Section A (1 Mark)
Equifax Credit Report Contain
- A. II, IV and V
- B. I, III and V
- C. All of the Above
- D. I, III and IV
Answer: C
NEW QUESTION 64
Section B (2 Mark)
A bank has a long term relationship with a particular business customer. However, recently the bank has become concerned because of a potential deterioration in the customer's income. In addition, regulators have expressed concerns about the bank's capital position. The business customer has asked for a renewal of its Rs25 million dollar loan with the bank. Which credit derivative can help this situation?
- A. Loan sale
- B. Credit risk option
- C. Credit linked notes
- D. Loan securitization
Answer: A
NEW QUESTION 65
Section B (2 Mark)
Buyers of call options __________ required to post margin deposits and sellers of put options __________ required to post margin deposits.
- A. Are; are not
- B. Are not; are
- C. Are not; are not
- D. Are; are
Answer: B
NEW QUESTION 66
Section B (2 Mark)
Which of the following activities is/are a part of "Building the CRM project foundation phase "in CRM implementation?
- A. All of the above
- B. I, II and IV
- C. I, III and IV
- D. I, II and III
Answer: B
NEW QUESTION 67
Section C (4 Mark)
Read the senario and answer to the question.
Assuming his son gets average marks in class 10th when he was just 15 years old, his father decided to send him abroad for further studies at age 21.calculate the amount that Mr. Mehta requires to invest in excess of the amount accumulated in previous question during next six years to accumulate a fund of Rs. 500000?
- A. Rs. 44461
- B. Rs. 26255
- C. Rs. 48316
- D. Rs. 19321
Answer: A
NEW QUESTION 68
Section A (1 Mark)
Tax exemption limit for the lump sum received towards Leave encashment on retirement is at
_______________
- A. Rs. 2 lacs
- B. Rs. 2.4 lacs
- C. Rs. 3 lacs
- D. Rs. 3.5 lacs
Answer: C
NEW QUESTION 69
......
CWM_LEVEL_2 dumps Sure Practice with 1234 Questions: https://www.exam4docs.com/CWM_LEVEL_2-study-questions.html
