Free 2021 AAFM Certification CWM_LEVEL_2 dumps are available on Google Drive shared by ValidVCE
Welcome to download the newest ValidVCE CWM_LEVEL_2 PDF dumps: https://www.validvce.com/CWM_LEVEL_2-exam-collection.html ( 1234 Q&As)
NEW QUESTION 263
Section B (2 Mark)
A bond has the following terms:
If you expect the bond to be called at the end of the year, what would be the maximum price you should pay for the bond if comparable yields are 7 percent?
- A. 1016.19
- B. 1028.04
- C. 1024.39
- D. 1012.35
Answer: B
NEW QUESTION 264
Section A (1 Mark)
The small-firm-in-January effect refers to the phenomenon that portfolios of small-firm stocks (compared to portfolios of large-firm stocks) have:
- A. A tendency to underperform the stock market.
- B. Abnormal positive returns, primarily in January.
- C. Returns in January that are positively correlated with returns in December
- D. High returns in December and January.
Answer: B
NEW QUESTION 265
Section A (1 Mark)
Which of the following is true regarding credit card loans?
- A. All of the above are true
- B. Credit cards cannot act as installment loans
- C. Credit cards are very inflexible for consumers
- D. There is evidence that considerable economies of scale exist
Answer: D
NEW QUESTION 266
Section A (1 Mark)
A bank that wants to protect itself from higher credit costs due to a decrease in its credit rating might purchase
_________________________.
- A. A credit linked note
- B. A credit swap
- C. A standby letter of credit
- D. A credit risk option
Answer: D
NEW QUESTION 267
Section C (4 Mark)
Saurabh contributes Rs. 10,000 every year starting from the end of the 5th year from today till the end of 12th year in the account that gives a ROI of 7.75% p.a. compounded half yearly. Calculate the Present Value of his contribution today.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 268
Section A (1 Mark)
For claiming exemption u/s 54G, the assessed shall acquire the new asset within:
- A. 2 years from the date of transfer
- B. one year before or 2 years after the date of transfer
- C. one year before or 3 years from the date of transfer
- D. 3 years from the date of transfer
Answer: C
NEW QUESTION 269
Section A (1 Mark)
In whose total income, the income of a minor child is included -
- A. Father
- B. Parent whose total income is greater
- C. Father & Mother both
- D. Mother
Answer: B
NEW QUESTION 270
Section A (1 Mark)
The assessed is charged to income-tax in the assessment year following the previous year:
- A. A non-resident business firm which shipped goods on 1.5.210 at Visakhapatnam Port in Andhra Pradesh
- B. An employee-assessed of a University who worked during 1.4.09 to 30.03.2010
- C. An employee left India to USA on 1.8.2010 with no intention of returning
- D. ABC firm which discontinued its business on 1.9.2010
Answer: B
NEW QUESTION 271
Section A (1 Mark)
Deduction under section 80C to 80U is allowed from:
- A. gross total income exclusive of long-term capital gain
- B. gross total income exclusive of long-term capital gain as well as short-term capital gain
- C. gross total income
- D. gross total income exclusive of long-term capital gain from any asset and short-term capital from the transfer of shares and units through a recognized stock exchange
Answer: D
NEW QUESTION 272
Section C (4 Mark)
Dyder System is a full-service truck leasing, maintenance, and rental firm. The following are selected numbers from the financial statements for 1992 and 1993 (in millions).
The firm had capital expenditures of Rs800 million in 1992 and Rs850 million in 1993. The working capital in
1991 was Rs34.8 million, and the total debt outstanding in 1991 was Rs1.75 billion. There were 77 million shares outstanding, trading at Rs29 per share.
Estimate the cash flows to the firm in 1992 and 1993(in Rs Millions)
- A. (139.75) and 534.34
- B. 139.75 and (349.95)
- C. (139.75) and 349.95
- D. -84.20 and 251
Answer: C
NEW QUESTION 273
Section A (1 Mark)
Holistic advisory services which cater to specific client segments such as entrepreneurs, professionals are known as_______________.
- A. Universal Banks
- B. Global Investment Banks
- C. Wealth management Specialists
- D. Family Office
Answer: D
NEW QUESTION 274
Section A (1 Mark)
The long term use is 120% of long term source. This indicates the unit has
- A. Current ratio 1.2:1
- B. Negative TNW
- C. Negative NWC.
- D. Low capitalization
Answer: C
NEW QUESTION 275
Section A (1 Mark)
An aggressive asset allocation would contain larger proportions of __________ than a conservative allocation.
- A. Small-cap and international stocks
- B. Bonds and large-cap stocks
- C. Bonds
- D. Cash and bonds
Answer: A
Explanation:
Section C (4 Mark)
Ms. Nimita Shah, aged 34 years as on 2nd April 2010, is Vice President in a Mumbai-based firm. She has twin daughters Revati and Savitri of age 12 years and she is the sole guardian of her children pursuant to her recent divorce. She is currently residing in a rented house. Both her daughter are studying in the 6th Standard. She has approached you, a CWM, for preparing her Wealth plan. She has shared the following financial information with you:
You, in consultation with Nimita have crystallized the following financial goals for her family and the preliminary roadmap to achieve them:
1.Send both daughters to a Boarding school - immediately - Outlay Rs. 1.80 lakh (present cost) per child p.a.
- for 6 years - To be met on year to year basis by investing a suitable corpus.
2.Buy a house-in the next three years - Outlay of Rs. 80 lakh - Take a loan for 15 year term.
3.Invest suitably for the Higher Education of both children - Higher Education starts after 6 years - present cost Rs. 4.5 lakh p.a. for each child for a team of 5 year.
4.To invest monthly for Revati and Savtri's wedding when they complete 24 years of age. The estimated present cost of one such marriage is Rs. 15 Lakh
5.Retirement Corpus for self - Corpus to be accumulated in 21 years - Corpus to sustain an annuity of Rs.
1.25 lakh p.m. (current cost) inflation linked for a post - retirement life of 25 years.
6.A world tour with both of her kids - After 11 years - outlay of Rs. 8 lakh at current prices.
7.A suitable Estate Planning to cover all her physical and financial assets.
Assumptions:
NEW QUESTION 276
Section A (1 Mark)
_________________ is a method to evaluate a large volume of consumer loans quickly with minimum labor.
This method is a statistical model which predicts whether the consumer will repay the loan or not.
- A. Debt consolidation
- B. Credit Process
- C. Debt Scoring
- D. Credit Scoring
Answer: D
NEW QUESTION 277
Section B (2 Mark)
The Net Worth Required for an Individual is _________________ for a Partnership Firm is
____________________ and Body Corporate is______________ to fulfil the Capital Adequacy requirements under the SEBI Investment Advisor Regulations 2013.
- A. 100000, 100000 and 1500000
- B. 100000, 150000 and 2500000
- C. 100000, 100000 and 2500000
- D. 200000, 200000 and 1500000
Answer: C
NEW QUESTION 278
Section A (1 Mark)
The _______ is typically taken to be the risk-free rate.
- A. Savings account
- B. Treasury bill
- C. Certificate of deposit
- D. Treasury bond
Answer: B
NEW QUESTION 279
......
Tested Material Used To CWM_LEVEL_2: https://www.validvce.com/CWM_LEVEL_2-exam-collection.html
