Higher Test Marks with Free Online CWM_LEVEL_2 Exam Practice

Assess the CertsIQ’s updated CWM_LEVEL_2 exam questions for free online practice of your Chartered Wealth Manager (CWM) Certification Level II Examination test. Our CWM LEVEL 2 dumps questions will enhance your chances of passing the Chartered Wealth Manager certification exam with higher marks.

Question 1

Section A (1 Mark)

The following is not a capital receipt

Options :

A : Compensation received for vacating business place

B : Sale of know-how

C : Dividend on investment

D : Bonus Shares

Answer: C

Question 2

Section B (2 Mark)

Retiring early will ____________ the accumulation phase while ____________ the retirement phase

Options :

A : Longer, shorter

B : Shorter, longer

C : Longer, longer

D : Shorter, shorter

Answer: B

Question 3

Section C (4 Mark)

Read the senario and answer to the question.

Calculate the return on Jogen's investments in SBI Ltd shares.

Options :

A : 49.60%

B : 59.60%

C : 61.76%

D : 57.23%

Answer: B

Question 4

Section B (2 Mark)

Mr. X gives Rs. 200000 to Mrs. X as gift. She invests in a proprietary concern and incurs a loss of Rs. 40000

Options :

A : The loss shall be ignored while computing income of both Mr. and Mrs. X

B : The loss shall be borne by Mrs. X

C : The loss shall not be clubbed

D : This loss shall be clubbed in the hands of Mr. X

Answer: D

Question 5

Section B (2 Mark)

To pay for new equipment with a cash price of Rs7500, you need to borrow at 5.3% compounded monthly, then make monthly payments for 32 months. How much less would your payments be if you were able to save Rs2100 as a down payment before you purchase the new equipment?

Options :

A : Rs.269.47

B : Rs.198.96

C : Rs.70.51

D : Rs.88.14

Answer: C