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 18,2025.
- Exam Code: CWM_LEVEL_2
- Exam Name: Chartered Wealth Manager (CWM) Certification Level II Examination
- Certification Provider: AAFM
- Latest update: Oct 18,2025
Section B (2 Mark)
When the income of an individual includes Rs.
20000 as the income of his minor child in terms of section 64(1A), taxable income in this respect will be:
- A . Rs. 20000
- B . Rs. 15000
- C . Nil
- D . Rs. 18500
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 risk option
- B . A standby letter of credit
- C . A credit linked note
- D . A credit swap
Section A (1 Mark)
Which of the following is not true in respect of CIBIL?
- A . Pulling up CIBIL report is mandatory for all loans.
- B . Mandate for pulling up the report and sharing of information from customer is mandatory.
- C . Report is to be pulled up at the front end.
- D . None of the above.
Section B (2 Mark)
You have been asked to estimate the market value of an apartment complex that is producing annual net operating income of Rs44,500. Four highly similar and competitive apartment properties within two blocks of the subject property have sold in the past three months. All four offer essentially the same amenities and services as the subject. All were open-market transactions with similar terms of sale. All were financed with 30-year fixed-rate mortgages using 70 percent debt and 30 percent equity.
The sale prices and estimated first-year net operating incomes were as follows:
What is the indicated value of the property using direct capitalization?
- A . Rs 3,30,000
- B . Rs 3,90,351
- C . Rs3,75,000
- D . Rs 3,57,000
Section A (1 Mark)
During “Building the foundation” life stage, we learn about _______
- A . Budgeting
- B . Five Fundamental of Fiscal Fitness
- C . Three Fundamental of Fiscal Fitness
- D . Seven Fundamental of Fiscal Fitness
Section B (2 Mark)
In the year to 31 March 2012, A Ltd (which is UK resident) made a UK trading profit of £100,000. The company’s only other income consisted of rents received of £52,500 (net) from an investment property in Germany. These rents were received net of withholding tax of 25%. A Ltd has no associated companies.
The credit for double tax relief that will be given in the corporation tax computation for the year will be:
- A . £13,125
- B . £17,500
- C . £14,000
- D . £nil
Section A (1 Mark)
A market timing approach that increases the proportion of funds in stocks when the stock market is expected to be rising, and increases cash when the stock market is expected to be falling is a:
- A . Strategic asset allocation
- B . Tactical asset allocation
- C . Portfolio optimization
- D . Liquidity expectation timing
Section C (4 Mark)
Asit an industrialist wants to buy a car presently costing Rs. 10,00,000/- after 5 years. The cost of the car is expected to increase by 10% p.a for the first 3 years and by 6% in the remaining years. Asit wants to start a SIP with monthly contributions in HDFC Top 200 Mutual Fund. You as a CWM expect that the fund would give an average CAGR of 12% in the next 5 years.
Please advise Asit the monthly SIP amount starting at the beginning of every month for the next 5 years to fulfill his goal of buying the Car he desires.
- A . 1495512
- B . 18614.48
- C . 20614.48
- D . 18311.71
Section A (1 Mark)
Corrections are often followed by ________.
- A . Channel lines.
- B . Momentum.
- C . Reversals.
- D . Consolidation.
Section A (1 Mark)
The investors who buy the debt of troubled companies including subordinated debt, junk bonds, bank loans, and obligations to suppliers are called__________
- A . Vulture Investors
- B . Angel Investors
- C . Seed Investors
- D . None of the Above
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