Trusted AAFM CWM_LEVEL_2 Exam Dumps – Avoid Costly Exam Retakes

Question No: 1

MultipleChoice

Section A (1 Mark)

If POA in respect of in moveable property of value more than ......................it must be registered

Options

ARs. 50

BRs. 100

CRs. 50000

DRs. 100000

Question No: 2

MultipleChoice

Section C (4 Mark)

Read the senario and answer to the question.

The present household expenses of Mr Bhatia is Rs. 3,00,000 p.a. but if he were to retire today he would require only Rs. 2,25,000 p.a. Calculate his required retirement corpus if interest rate is 12% p.a. and inflation rate is 7%.

Options

ARs. 1,53,87,451

BRs. 1,74,78,345

CRs. 1,61,06,405

DRs. 1,50,04,378

Question No: 3

MultipleChoice

Section A (1 Mark)

Companies can build interest and enthusiasm by using databases to remember customer preferences. This strategy helps to Which option best?

Options

AIdentify prospects

BAvoid serious customer mistakes

CReactivate dormant customers

DDeepen customer loyalty

Question No: 4

MultipleChoice

Section B (2 Mark)

Calculate Gross Annual Value where Gross Municipal Value is Rs.120, Fair Rent is Rs.105. Actual rent receivable is Rs.100& Standard Rent is Rs.125

Options

ARs.120

BRs.100

CRs.105

DRs.125

Question No: 5

MultipleChoice

Section A (1 Mark)

These people are so well balanced, they cannot be placed in any specific quadrant, so they fall near the center.

Options

AThe Celebrity

BThe Straight Arrow

CThe Guardian

DThe Adventurer

Question No: 6

MultipleChoice

Section B (2 Mark)

The following is not a capital receipt

Options

ACompensation received for vacating business place

BBonus Shares

CDividend on investment

DSale of know-how

Question No: 7

MultipleChoice

Section C (4 Mark)

As a CWM you are required to calculate the tax liability of an individual whose Taxable income is:

* $ 85650 in US dollars and he is a US citizen (single individual)

* $ 159000 in SGD and he is a citizen of Singapore

Options

A17442.50 USD and 22260 SGD

B15860.50 USD and 15680 SGD

C16580.50 USD and 16100 SGD

D25480 USD and 15870 SGD

Question No: 8

MultipleChoice

Section A (1 Mark)

A ''Family Office'' segment client has investible assets worth of

Options

A$20,000,000

B$50,000,000

C$75,000,000

D$100,000,000

Question No: 9

MultipleChoice

Section B (2 Mark)

Which of the following activities is/are a part of ''Building the CRM project foundation phase ''in CRM implementation?

Options

AI, II and III

BI, III and IV

CI, II and IV

DAll of the above

Question No: 10

MultipleChoice

Section B (2 Mark)

The term ''permanent establishment'' includes especially:

Options

AI, II and III

BII and III

CIII and IV

DAll of the Above

Question No: 11

MultipleChoice

Section B (2 Mark)

In a ''Pure Play'' model of wealth management

Options

AWealth Management is viewed as the core business of the firm

BWealth Management and investment banking are the core business of the bank

CFocus is on wide array of products of which private banking is one

DNone of the above

Question No: 12

MultipleChoice

Section A (1 Mark)

During ''Building the foundation'' life stage, we learn about _______

Options

ABudgeting

BFive Fundamental of Fiscal Fitness

CThree Fundamental of Fiscal Fitness

DSeven Fundamental of Fiscal Fitness

Question No: 13

MultipleChoice

Section A (1 Mark)

For a ''single income family'' priority is on

Options

AProtecting income via a term plan

BInvesting in commodities to grow wealth

CInvesting in Mutual Funds to grow wealth

DNone of the above

Question No: 14

MultipleChoice

Section A (1 Mark)

During ''Teen age years'' life stage, typical asset allocation should be

Options

A25% equities, rest in fixed income instruments

B50% equities, rest in fixed income instruments

C75% equities, rest in fixed income instruments

DNone of the above

Question No: 15

MultipleChoice

Section A (1 Mark)

''Accumulation'' is the age between ________

Options

A0-25

B25-55

C55-75

D75 or above

Question No: 16

MultipleChoice

Section B (2 Mark)

If an investor determines that next year's earnings estimate is Rs2.00 per share and the company subsequently falters, the investor may not readjust the Rs2.00 figure enough to reflect the change because he or she is ''anchored'' to the Rs2.00 figure. This is not limited to downside adjustments---the same phenomenon occurs when companies have upside surprises

Which of the following Biases have been exhibited by the investor?

Options

ARepresentative bias

BAnchoring and Adjustment Bias

CFraming bias

DLoss Aversion bias

Question No: 17

MultipleChoice

Section A (1 Mark)

During ''Financial Independence'' life stage, typical asset allocation should be

Options

A25% equities, rest in fixed income instruments

B50% equities, rest in fixed income instruments

C75% equities, rest in fixed income instruments

D100% equities

Question No: 18

MultipleChoice

Section A (1 Mark)

Which of the following industry categories is said to be ''bought to be sold?''

Options

ACyclical

BDefensive

CGrowth

DCountercyclical

Question No: 19

MultipleChoice

Section A (1 Mark)

During ''Early accumulation'' life stage, typical asset allocation should be

Options

A25% equities, rest in fixed income instruments

B50% equities, rest in fixed income instruments

C75% equities, rest in fixed income instruments

D100% equities

Question No: 20

MultipleChoice

Section A (1 Mark)

''Early accumulation'' life stage is normally during ______

Options

A12- 19 years

BOur 20s

C30-40

DRetirement years

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