Free CWM_LEVEL_2 – Chartered Wealth Manager (CWM) Certification Level II Examination Practice Test Question

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  Full blood relations are preferred over half blood relations

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  Cognate heirs are preferred over agnate heirs

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  Both of the above are correct

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  None of the above are correct
  
  
  

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  63422.72

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  65185.55

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  16537.56

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  15883.32
  
  
  

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  even if security prices are wrong it may be difficult to exploit them

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  the failure to uncover successful trading rules or traders cannot be taken as proof of market efficiency

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  investors are rational

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  A and B
  
  
  

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  105 and 254

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  214 and 154

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  0 and 124

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  -46 and 4
  
  
  

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  Hybrid index

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  Equal weighed index

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  Price weighted index

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  Value weighted index
  
  
  

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  multiply; net income

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  multiply; total revenue

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  divide; net income

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  divide; total revenue
  
  
  

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  Lower, lower

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  Higher, higher

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  Higher, lower

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  Lower, higher
  
  
  

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  Gross potential income + vacancy and collection loss rate – insurance- real estate taxes-utility expenses- estimated maintenance expenses

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  Gross potential income-vacancy and collection loss rate – insurance- real estate taxesutility expenses- estimated maintenance expenses
  Gross potential income - vacancy and collection loss rate + insurance- real estate taxesutility expenses- estimated maintenance expenses-financing cost

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  Gross potential income + vacancy and collection loss rate - insurance + real estate taxes-utility expenses- estimated maintenance expenses-depreciation
  
  
  

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  Early Stage Venture Capital

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  Seed Capital

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  Angel Investing

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  First Stage Financing
  
  
  

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  I and II

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  III and IV

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  I, II and IV

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  I, II and III
  
  
  

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  5.50 Years

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  4.94 Years

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  3.85 Years

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  6.50 Years
  
  
  

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  He should sell Rs.5000 of stocks and bonds each and invest it into bonds

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  He should sell Rs.2500 of stock and buy bonds worth Rs.1500 and Deposit Rs.1000 in bank.

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  He should buy his portfolio equally

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  He should sell his portfolio equally
  
  
  

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  Express trust

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  Resulting trust

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  Constructive trust

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  Pre-catory trust
  
  
  

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  Ways to maximize tax efficiency of current assets and cash flows while achieving capital growth and preservation goals

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  Using insurance to ensure wealth is protected

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  Legally structuring the future disposition of current assets to minimize the benefits to chosen beneficiaries

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  None of the above
  
  
  

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  Rs. 1,140

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  Rs. 3,000

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  Rs. 1,500

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  Nil
  
  
  

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  Income level

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  Deposit balance

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  Employment and residential stability

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  Pyramiding of debt
  
  
  

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  Bulk Beta

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  Cheap Beta

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  Long/Short Investing

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  Concentrated Portfolios
  
  
  

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  £ 7100 and 5880 SGD

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  £ 14200 and 3570 SGD

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  £ 17750 and 2310 SGD

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  £ 7100 and 2310 SGD
  
  
  

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  100% of profits and gains for ten assessment years

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  100% of profits and gains for ten assessment years in case of any undertaking or enterprise in the States of Sikkim or North Eastern Region and 50% in case of undertaking in Uttaranchal and Himachal Pradesh

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  100% of profits and gains for ten assessment years in case of an undertaking or enterprise in the States of Sikkim or North Eastern States and 100% of profits and gains for the first 5 assessment years and 25% (30% in case of companies) for next 5 assessment years.

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  None of These
  
  
  

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  Debt to equity ratio

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  CIBIL score

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  Debt payment to income ratio

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  Liquidity ratio