Pass CWM_LEVEL_2 Exam - Real Test Engine PDF with 1234 Questions
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NEW QUESTION 603
Section B (2 Mark)
Which of the following statements is/are correct with respect for Resident Senior Citizen i.e. who is of an age of 60 years and above, but below 80 years?
- A. I and II
- B. All of the above
- C. I and IV
- D. Only III
Answer: C
NEW QUESTION 604
Section A (1 Mark)
_____________ is defined as the transfer of services to private enterprise in US.
- A. Decrements
- B. Privatization
- C. Attrition
- D. Capital Spending
Answer: B
NEW QUESTION 605
Section A (1 Mark)
Debt Equity Ratio is 3:1,the amount of total assets Rs.20 lac, current ratio is 1.5:1 and owned funds Rs.3 lac.
What is the amount of current asset?
- A. Rs.3 lac
- B. Rs.5 lac
- C. Rs.12 lac
- D. None of the above.
Answer: C
NEW QUESTION 606
Section B (2 Mark)
Rahul decides to deposit Rs. 5,000/- every month into an account yielding 12 % per annum compounded monthly for 20 years. What will be the accumulated value in this account after 20 years and how much amount can be withdrawn from this account every month for a further period of 20 years of ROI is 8 % per annum compounded monthly?
- A. 0
- B. 41384.95
- C. 1
- D. 40230.85
Answer: B
NEW QUESTION 607
Section C (4 Mark)
You know the following concerning a common stock:
If you want to earn 10 percent, should you buy this stock? What is the maximum price you should be willing to pay for the stock?
- A. Should buy Maximum Price Rs. Rs. 60.27
- B. Should Buy, Maximum price Rs. 30
- C. Should not buy, Maximum price Rs. 19.88
- D. Should not buy, Maximum price Rs. 22.66
Answer: C
NEW QUESTION 608
Section A (1 Mark)
A bank is considering making a loan to Jitesh Desai. Jitesh is a commissioned sales broker. Some months he earns as much as Rs 1,00,000 and in other months he earns virtually nothing. Which aspect of evaluating a consumer loan would this be concerned with?
- A. Income level
- B. Character and purpose
- C. Employment and residential stability
- D. Deposit balance
Answer: A
NEW QUESTION 609
Section A (1 Mark)
A document that is executed by the sellor of the flat so that the Cooperative Society to which the flat belongs and the purchaser is completely indemnified against any claims that any other person may make on the rights of ownership of the flat or other any that is yet unpaid by the seller ( eg. taxes) is known as_________
- A. Agreement for Sale
- B. Lease / Tenancy Agreement
- C. Indemnity Bond
- D. Development Agreement
Answer: C
NEW QUESTION 610
Section A (1 Mark)
Deduction under section 80QQB is allowed in respect of royalty income to:
- A. None of the Above
- B. an individual who is an author of a book
- C. an individual who is resident in India and who is an author of a book
- D. an individual who is resident in India who is either an author of a book or a joint author of the book
Answer: D
NEW QUESTION 611
Section B (2 Mark)
Which of the following statements is/are correct with respect to Mental Accounting?
- A. I and II
- B. All of the Above
- C. I and III
- D. II and III
Answer: B
NEW QUESTION 612
Section A (1 Mark)
One of the tax exemption under avoidance of Double Taxation is U/S Sec 10(6)(ii) for exemption on income received by the diplomats, ambassador, etc
- A. FALSE
- B. TRUE
Answer: B
NEW QUESTION 613
Section A (1 Mark)
A draft of a will prepared by the head of the family which will decide the nature in which his properties will be distrubuted among his heirs is known as_____________________.
- A. Will
- B. Lease / Tenancy Agreement
- C. Power of attorney
- D. Family Settlement
Answer: A
NEW QUESTION 614
Section B (2 Mark)
Narayan expects to receive Rs 25000 in net receipts each year for five year and to sell the property for Rs
350,000 at the end of the five-year period, if Narayan expects a 15% return, what would be the value of the property?
- A. Rs. 2,60,000
- B. Rs. 2,70,386
- C. Rs. 2,57,818
- D. Rs. 3,25,000
Answer: C
NEW QUESTION 615
Section C (4 Mark)
Which of the following statements is/are correct?
- A. I and II
- B. I, II and III
- C. All of the Above
- D. III and IV
Answer: B
NEW QUESTION 616
Section A (1 Mark)
Where the return of income is filed after the due date specified u/s 139(1):
- A. all deductions under Chapter VIA i.e. 80C to 80U will not be allowable
- B. all deductions under Chapter VIA i.e. 80C to 80U excepting 80-IA, 80-IAB, 80-IB, 80-IC will be allowable
- C. all deductions under Chapter VIA i.e. 80C to 80U will be allowable
- D. all deductions under Chapter VIA i.e. 80C to 80U except 80-IA will be allowable
Answer: D
NEW QUESTION 617
Section B (2 Mark)
In a wealth management Platform which of the following is/are the functions of Middle/Back Office - Advisor?
- A. I, II and IV
- B. I, II and III
- C. All of the Above
- D. II and III
Answer: A
NEW QUESTION 618
Section C (4 Mark)
The Meryl Corporation's common stock is currently selling at Rs100 per share, which represents a P/E ratio of
10. If the firm has 100 shares of common stock outstanding, a return on equity of 20 percent, and a debt ratio of 60 percent, what is its return on total assets (ROA)?
- A. 16.70%
- B. 12.00%
- C. 8.00%
- D. 10.00%
Answer: C
NEW QUESTION 619
Section B (2 Mark)
Mrs. Dikshit is a single, sixty-five year old with a modest lifestyle and no income beyond what her investment portfolio of Rs1,00,00,000 generates. Her primary investment goal is to not outlive her assets; she does not, under any circumstances, want to lose money because she recalls that her relatives lost money in the crash of
2000. Mrs. Dikshit exhibits these behavioral biases:
- A. Availability bias
- B. loss aversion and anchoring and adjustment
- C. Representative bias
- D. Framing bias
Answer: B
NEW QUESTION 620
Section A (1 Mark)
We prefer a sure gain from a much larger gain that is very likely but not certain. This makes us close winning positions even if we think that they are likely to get even better.
- A. Overconfidence Bias
- B. Certainity Effect
- C. Confirmation bias
- D. Availability Bias
Answer: B
NEW QUESTION 621
Section C (4 Mark)
Monika has a investment portfolio of Rs. 100000, a floor of Rs. 75000, and a multiplier of 2. So the initial portfolio mix is 50000 in stocks and 50000 in bonds. If stock market falls by 20%, what should Monika do?
- A. She should sell Rs.10000 of stocks and invest it into bonds
- B. She should sell stocks and bonds equally
- C. She should sell Rs.10000 of bonds and invest it into stocks
- D. She should buy Rs.20000 of stocks to average
Answer: A
NEW QUESTION 622
Section B (2 Mark)
Which of the following are the objectives of National Housing Bank in Indian Real Estate Market?
- A. III, IV and V
- B. I, II, III
- C. I, II and V
- D. II, III, IV and V
Answer: C
NEW QUESTION 623
Section B (2 Mark)
Mr. Rai has received a house under a will on death of his uncle in the financial year 1985-86. His uncle purchased the house on 1-4-1968 for Rs.7 lakh. Mr. Rai has sold this during the financial year 2011-12 for Rs.62 lakh. Calculate the taxable amount of capital gain if the fair market value of house as on 1-4-1981 is Rs.20,00,000/- CII-12-13: 852,11-12: 785,10-11:711]
- A. 0
- B. 1
- C. 2
- D. Nil
Answer: D
NEW QUESTION 624
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