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 Jul 15,2025.
- Exam Code: CWM_LEVEL_2
- Exam Name: Chartered Wealth Manager (CWM) Certification Level II Examination
- Certification Provider: AAFM
- Latest update: Jul 15,2025
Section B (2 Mark)
You write one XYZ February 50 put for a premium of Rs5. Ignoring transactions costs, what is the breakeven price of this position?
- A . Rs. 50
- B . Rs. 55
- C . Rs. 45
- D . Rs. 40
Section C (4 Mark)
The returns of 2 shares are as follows
Calculate the covariance of returns.
- A . 220.32
- B . C420.11
- C . 162.08
- D . 270.36
Section A (1 Mark)
Conclusions about technical analysis suggest that:
- A . It is difficult to justify technical analysis
- B . It has been found to be completely deficient
- C . Stock price movements repeat themselves constantly
- D . There is complete agreement about the interpretation of technical signals
Section A (1 Mark)
Which of the following is true regarding the resistance level?
- A . It tends to develop due to profit taking.
- B . It is the level at which a significant decrease in demand is expected.
- C . It is the level at which a significant increase in supply is expected.
- D . It usually develops after a stock reaches a new low.
Section B (2 Mark)
Mr. Jatin is a single forty nine year-old pharmaceutical executive earningRs25,00,000 per year. He lives extravagantly, occasionally spending more than his income, but has saved approximately Rs. 15,00,000. His primary investment goal is to donate Rs30,00,000 to his alma mater, but cannot obtain life insurance. Mr. Jatin exhibits the following biases:
- A . I and II
- B . I and III
- C . III and IV
- D . I, II and III
Section C (4 Mark)
Read the senario and answer to the question.
Pallavi’s marriage is expected by the end of December, 2010 with an expected present cost of Rs. 24,00,000. He is expected to realize from his Tatanagar Flat 18, 00,000 by that time. Calculate what additional amount is required for his daughter’s marriage.
With 8% pa. risk free rate compounding monthly what amount he has to save per month (BEGIN) in a debt fund?
- A . Rs. 2,27,367 Rs. 7,663
- B . Rs. 3,83,365 Rs. 9,815
- C . Rs. 4,12,245 Rs. 8,615
- D . Rs. 3,45,458 Rs. 11,363
Section B (2 Mark)
Amount of liability of payment of gratuity is calculated at the rate of
- A . One month’s wage for each completed year of service
- B . 20days wages for each completed year of service
- C . Half a month’s wage for each completed year of service
- D . 15 day’s wage for each completed year of service
Section B (2 Mark)
Mr. L Singh used machinery in his business. This is the only asset in the block. 20% of the usage is for personal purposes. The WDV of the block as on 31.3.2011 is ―
- A . Rs. 2,70,000
- B . Rs. 2,55,000
- C . Rs. 2,10,000
- D . None of the above.
Section B (2 Mark)
Mrs. Sharma, a 40-year-old widow, has an 8-year-old son. Her current savings are not adequate to provide for her son’s post graduate studies, however she will be able to save for it by the time he finishes graduation i.e. when he is 20 years old. Mortality tables indicate that her life expectancy is another 30 years.
Which one of the following is true?
- A . She needs to insure her life for 12 years
- B . She does not need to insure her life
- C . She needs to insure her life for 30 years
- D . She needs to insure her son’s life for 30 years
Section B (2 Mark)
Manish is thinking of acquiring some shares of ABC. Ltd.
The rate of returns is as follows:
Calculate the variance and the standard deviation
- A . 16, 8
- B . 8, 16
- C . 7.4, 54.3
- D . 35.04, 5.92