AAFM CWM_LEVEL_2 Chartered Wealth Manager (CWM) Certification Level II Examination Online Training
AAFM CWM_LEVEL_2 Online Training
The questions for CWM_LEVEL_2 were last updated at Oct 19,2025.
- Exam Code: CWM_LEVEL_2
- Exam Name: Chartered Wealth Manager (CWM) Certification Level II Examination
- Certification Provider: AAFM
- Latest update: Oct 19,2025
Section A (1 Mark)
One aspect of the tax considerations in asset allocation is that
- A . Capital gains are often taxed at a higher rate than income.
- B . Taxes on capital gains are deferred until the gain is realized.
- C . Investors are exempt from taxes on capital gains once they reach age 65.
- D . Current income is seldom a significant consideration for an investor in the spending phase of the life cycle.
Section B (2 Mark)
Mr. Manish purchased a residential house for Rs.3 lakh on 1-4-1972. Its market value on 1-4-1981 was, however, Rs.12 lakh. He sells the house during the financial year 2011-12 for Rs.98 lakh. Calculate the taxable long term capital gain. [CII-12-13: 852,11-12: 785,10-11:711]
- A . Rs. 12,90,000/-
- B . Rs. 10,90,000/-
- C . Rs. 3,80,000/-
- D . Rs. 7,10,000/-
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?
- A . Rs.269.47
- B . Rs.198.96
- C . Rs.70.51
- D . Rs.88.14
Section B (2 Mark)
Consider the one-factor APT. The variance of returns on the factor portfolio is 6%. The beta of a well-diversified portfolio on the factor is 1.1. The variance of returns on the well-diversified portfolio is approximately __________.
- A . 3.60%
- B . 6.00%
- C . 7.30%
- D . 10.10%
Section B (2 Mark)
Mr. Subhash Bansal, a marketing manager is employed with IMFB limited. He took an advance of Rs. 1,20,000 against the salary of Rs. 30,000 per month in the month of March 2007.
The gross salary of Mr Bansal for the assessment year 2007-08 shall be:
- A . Rs. 3,60,000
- B . Rs. 4,80,000
- C . Rs. 2,40,000
- D . Rs. 3,80,000
Section A (1 Mark)
Mansi deposits Rs. 50,000/- in a bank account which pays interest @ 10 % per annum.
How much can be withdrawn at the beginning of each year for 5 years if first withdrawal is 6 years from now?
- A . 20242.42
- B . 22242.42
- C . 31242.42
- D . 21242.42
Section A (1 Mark)
Which of the followings are the important features of Real estate Investment?
- A . Property rights
- B . Time horizon
- C . Geographic Area
- D . All of the above
Section A (1 Mark)
In case of Credit Assessment, if the lender accepts the application and takes it forward towards acceptance provided it passes through the risk assessment criterion, then the Credit Score Band of the borrower would be:
- A . 501 to 700
- B . 601 to 750
- C . 501 to 600
- D . 750 and above
Section B (2 Mark)
___________ applies where there are multiple transactions which are inter-related and cannot be evaluated separately for the purpose of determining arm’s length price of any one transaction.
- A . Comparable Uncontrolled Price Method [CUP]
- B . Resale Price Method [RPM]
- C . Cost-Plus Method [CPM]
- D . Profit Split Method [PSM]
Section A (1 Mark)
Which ONE of the following in not the requirement for managing customer?
- A . Need and want of customers
- B . Measurement of most or least profitability of customer or product
- C . Measurement of least growth potential of product or customer
- D . Knowing which customers will be advocates and supporters
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