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AAFM CWM_LEVEL_2 Exam Dumps

Vendor

AAFM

Exam Code

CWM_LEVEL_2

Exam Name

Chartered Wealth Manager (CWM) Certification Level II Examination

Exam Duration

Total Questions

1259

$ 49

PDF VERSION

DEMO QUESTIONS

Q1: Section C (4 Mark) Read the senario and answer to the question. Mr. Bhatia owns a Maruti Wagonr with a monthly EMI of Rs. 6,312. The above loan will be completely repaid by August 2008. Mr. Bhatia planning to purchase a new car worth of Rs. 15 lakh. For this he has to take a full value loan of the car with 9% interest for 5 years. But his present car is in good condition and life of this car is approximately another 5 years repairs and maintenance cost are minimum. If he postpones his car purchasing plan now and deposit the same EMI outflow required for new car into an SIP with a minimum 15% yield for the next five years, then calculate the fund he can accumulate?

A: Rs. 23.66 lacs

B: Rs. 27.58 lacs

C: Rs. 23.49 lacs

D: Rs. 30.47 lacs

Correct Answer: B

Q2: Section C (4 Mark) Read the senario and answer to the question. Assume the following additional facts: The Shankers have purchased a homeowner's policy (comprehensive) covering 100% of the replacement cost of their residence. This policy has a Rs. 500 deductible. Also, they have purchased a disability income policy with a 30-day elimination period and an any-occupation definition of disability. What actions should the Shankers consider in order to improve the quality of the insurance program described above?

A: (I) only

B: (I) and (IV) only

C: (I) and (III) only

D: (II) and (IV) only

Correct Answer: B

Q3: Section C (4 Mark) Read the senario and answer to the question. Mr. Bhatia owns a Maruti Wagonr with a monthly EMI of Rs. 6,312. The above loan will be completely repaid by August 2008. Mr. Bhatia planning to purchase a new car worth of Rs. 15 lakh. For this he has to take a full value loan of the car with 9% interest for 5 years. But his present car is in good condition and life of this car is approximately another 5 years repairs and maintenance cost are minimum. If he postpones his car purchasing plan now and deposit the same EMI outflow required for new car into an SIP with a minimum 15% yield for the next five years, then calculate the fund he can accumulate?

A: Rs. 23.66 lacs

B: Rs. 27.58 lacs

C: Rs. 23.49 lacs

D: Rs. 30.47 lacs

Correct Answer: B

Q4: Section C (4 Mark) Read the senario and answer to the question. Harish wants to know what amount is eligible for deductible u/s 24 of Income Tax for housing loan repayments in computation of his Income tax liability for AY 2010-11.

A: Rs. 1,43,080

B: Rs. 1,50,000

C: Rs. 1,44,270

D: Rs. 1,43,680

Correct Answer: D

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