2022 TorrentVCE AAFM CWM_LEVEL_2 Dumps and Exam Test Engine
AAFM CWM_LEVEL_2 DUMPS WITH REAL EXAM QUESTIONS
NEW QUESTION 580
Section A (1 Mark)
If a certain stock has a beta greater than 1.0, it means that
- A. The stock is less risky than the market portfolio.
- B. An investor can eliminate the risk by combining it with another stock that has a negative beta.
- C. The stock's return is more volatile than that of the market portfolio.
- D. An investor will earn a higher return on his stock than that on the market portfolio.
Answer: C
NEW QUESTION 581
Section B (2 Mark)
Commutation of pension up to a limit of _______________ is tax exempt in case the gratuity is also received.
- A. 1/3 of the pension
- B. 1/4 of the pension
- C. 1/2 of the pension
- D. 3/4 of the pension
Answer: A
NEW QUESTION 582
Section B (2 Mark)
Contribution under a defined benefit plan
- A. Will be fixed in relation to the wages earned
- B. Will be determined based on the benefits earned
- C. Will be decided by the members of the benefit scheme
- D. Will remain unaltered once earned
Answer: B
Explanation:
Section C (4 Mark)
Mr. Raman Gehlot, aged 55 years, is owner of midsized business firm. His family consists of his wife Anupama, aged 55, son Nishant aged 29 and daughter Nivedita aged 27. His wife is a housewife and social worker. Both of their children are happily married and well settled. The couple anticipates their life expectancy to be 75 years each.
The gross annual income of Raman for the previous year 2010-11 is expected to be Rs. 9,60,000. The couples' household expenses are estimated to be Rs. 4,90,000 p.a. Taking into account incidental expenses of another Rs. 85,000 the net expenses of the family are estimated to be Rs. 5,75,000 for the previous year 2010-11. Thus they achieved a net surplus of Rs. 3,85,000 during the year. Raman has a net saving of Rs. 12,00,000 which he would like to invest for his post retirement purposes at the beginning of the year.
Currently Raman has approximately 5 years left for retirement and thus he is not very aggressive in his investments. The returns of his portfolio based on asset allocation during the accumulation and distribution phase are calculated as below:
NEW QUESTION 583
Section B (2 Mark)
When returns to an investor's portfolio increase, to what does he believe the change in performance is mainly due (if the investor exhibits self attribution bias)?
- A. None of the above
- B. A combination of investment skill and luck.
- C. His investment skill.
- D. Luck.
Answer: C
NEW QUESTION 584
Section B (2 Mark)
As Per Article 12 Double Taxation Avoidance Agreement with US, _____per cent of the gross amount of the royalties or fees for included services as defined in this Article, where the payer of the royalties or fees is the Government of that Contracting State, a political sub-division or a public sector company.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 585
Section A (1 Mark)
In marine insurance claims, insurable interest must shown to exist at the time of
- A. none of the above
- B. loss
- C. both a and b above
- D. contract
Answer: B
NEW QUESTION 586
Section C (4 Mark)
Read the senario and answer to the question.
Calculate the retirement corpus required by Raman to generate his post-retirement expenses.
- A. Rs. 63,27,856
- B. Rs. 64,97,596
- C. Rs. 74,36,638
- D. Rs.71,24,232
Answer: D
NEW QUESTION 587
Section A (1 Mark)
___________CRM automates and improves customer-facing and customer supporting business processes
- A. Collaborative
- B. Analytical
- C. Operational
- D. Strategic
Answer: C
NEW QUESTION 588
Section A (1 Mark)
"Accumulation" is the age between ________
- A. 75 or above
- B. 25-55
- C. 55-75
- D. 0-25
Answer: B
NEW QUESTION 589
Section A (1 Mark)
Correlate, combine, cognize and __________ are the four C's of CRM Process
- A. Consumer
- B. None of the given options
- C. Connect
- D. Customer
Answer: C
NEW QUESTION 590
Section A (1 Mark)
Dividend received by a shareholder from an Indian company the whole of whose income is agricultural income shall be treated as:
- A. income taxable under the head income from other sources
- B. exempt under section 10(34) but taxable in the hands of the company
- C. agricultural income in the hands of shareholder and thus exempt
- D. agricultural income and thus exempt but it will be subject to partial integration
Answer: B
NEW QUESTION 591
Section C (4 Mark)
Read the senario and answer to the question.
Calculate the income from house property for Vinay. Municipal rental value 75000, Fair Rental value is
80000, Standard rent is 1,10,000. Municipal taxes paid for full house are Rs. 10,000 during the year. Interest paid by Vinay on borrowed money during the year is Rs. 101070.
- A. Rs. -32,470
- B. Rs. -28,970
- C. Rs. 96,000
- D. Rs. 108000
Answer: B
NEW QUESTION 592
Section B (2 Mark)
Hybrid plans are
- A. None of the above
- B. Combination of ESOP and Money purchase plan
- C. Combination of DB & ESOP plan
- D. Combination of DB & DC plan
Answer: D
NEW QUESTION 593
Section C (4 Mark)
Rate of 15% p.a compounded annually will be equal to ---------------- % per month.
- A. 1.25% per month
- B. 1.7149% per month
- C. 1.17149% per month
- D. 1.117% per month
Answer: C
NEW QUESTION 594
Section B (2 Mark)
Which of the following two outcomes is an example of Loss Aversion Bias:
- A. None of the above
- B. I
- C. Both of the above
- D. II
Answer: B
NEW QUESTION 595
Section B (2 Mark)
Expenses are 10% of the gross (office) premium. Pure premium is Rs. 200. Calculate office premium.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 596
Section A (1 Mark)
Depending on how questions are asked, ___________ can cause investors to communicate responses to questions about risk tolerance that are either unduly conservative or unduly aggressive.
- A. Framing Bias
- B. Hindsight bias
- C. Mental accounting
- D. Representativeness Bias
Answer: A
NEW QUESTION 597
Section A (1 Mark)
In whose total income, the income of a minor child is included -
- A. Parent whose total income is greater
- B. Father & Mother both
- C. Mother
- D. Father
Answer: A
NEW QUESTION 598
Section C (4 Mark)
Read the senario and answer to the question.
Calculate the income chargeable to tax from rented flat of Kolkata, for the assessment years 2008-09 and
2009-10.
- A. Rs. 78,400, Rs. 82,600
- B. Rs. 78,400, Rs. 89,600
- C. Rs. 82,600, Rs. 78,400
- D. Rs, 68,600, Rs. 86,300
Answer: B
NEW QUESTION 599
Section C (4 Mark)
Read the senario and answer to the question.
If Mahesh extends his retirement age to 65, what is the annual saving required in the beginning of every year if his post retirement expenses are 85% of his pre-retirement expenses?
- A. Rs. 21361
- B. Rs. 35524
- C. Rs. 3209
- D. Rs. 42447
Answer: C
NEW QUESTION 600
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