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GLO_CWM_LVL_1 Exam Dumps - Chartered Wealth Manager (CWM) Global Examination

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Question # 105

Rs. 1.50 lakh settled on a trust for the benefit of Akash and Bina for life. They share the income in proportion of 3:2.Their ages on valuation date are 20 years and 16 years. The average annual income for the last three years on the valuation date is Rs. 15,000/-. Find out the value of life interest of Akash and Bina if the value of life interest of Re 1/- at the age of 20 years is 12.273 and at the age of 16 years is 12.534.

A.

Akash Rs. 1,10,457/- Bina Rs. 75,204/-

B.

Akash Rs. 89,241/- Bina Rs. 60,759/-

C.

Akash Rs. 1,10,457/- Bina Rs. 60,759/-

D.

Akash Rs. 60,759/- Bina Rs. 75,204/-

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Question # 106

Vinod is projecting an income stream providing Rs. 2,000/- for first 3 months, Rs. 3,200 for next 2 months, Rs. 4,500 for next 1 month, Rs. 3,700 for next 6months and Rs. 800 for 2 months thereafter. Please calculate the Present Value of this cash stream if rate of interest is 9%

A.

24465.92

B.

25817.12

C.

24,513.72

D.

23478.68

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Question # 107

The expected return and standard deviations of stock A & B are:

Amit buys Rs.20,000 of Stock A and sells short Rs.10,000 of Stock B using all the Proceeds to buy more or Stock A. The correlation Between the two securities is .35. What are the expected return & standard deviation of Amit’s portfolio?

A.

3.5%, 15.5%

B.

8.8%, 7.03%

C.

20%, 14.5%

D.

9.8%, 15.6%

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Question # 108

An approved superannuation fund must have a minimum of _______ trustees

A.

2

B.

3

C.

4

D.

No restriction is applicable

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Question # 109

PPF is a

A.

Mandatory program for every employee

B.

Mandatory for every Income Tax assessed

C.

Self directed retirement program

D.

None of the above

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Question # 110

If you have deposited Rs.4000 with a company and the company wishes to prepay the deposit at the contracted rate of interest after a period of 3.5 years and offers you Rs.4985, what is the effective rate of interest if it is accounted half yearly?

A.

6.40%

B.

3.19%

C.

6.49%

D.

7.00%

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Question # 111

Which of the following is/are the desirable contents of a will?

A.

I ,II and III

B.

II , III and IV

C.

I, III and IV

D.

All of these

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Question # 112

The beta of stock of Akhil Computers Ltd., is 1.5 and is currently in equilibrium. The required return on the stock is 19% and the expected return on the market is 15%. Suddenly due to a change in economic conditions, the expected return on the market increases to 17%. Other things remaining the same what would be new required rate of return on the stock?

A.

17.50%

B.

20.00%

C.

22.00%

D.

25.00%

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