CWM_LEVEL_2 Practice Online

Question 1

Section A (1 Mark)

In hedge funds the risk of no standard platform for measurement and no standard format for reporting is called __________________

A : Process Risk

B : Mapping Risk

C : Transparent Risk

D : Data Risk

Answer: B

Question 2

Section B (2 Mark)

NRIs are granted a special benefit by way of an option of being taxed at concessional tax rate of ________ as regards 'investment income' and _______ as regards 'long term capital gains' arising from 'specified assets.

A : 20% and 10%

B : 15% and20%

C : 12% and 10%

D : 10% and 15%

Answer: B

Question 3

Section C (4 Mark)

Read the senario and answer to the question.

Mr. Mehta buys machinery for Rs. 80000 which is to be replaced after a period of two years. The replacement cost at that time will be Rs. 90000. As a Chartered Wealth Manager advice Mr. Mehta now what he should do after two year for the replacement of the said machinery?

A : He should buy the new machinery first and sells the old machine in the next financial year

B :

He should sell new machinery first and buy the old machine in the next financial year

C : He should buy and sell the machine in the same financial year

D : He should buy and sell the machine in the financial year 2011

Answer: A

Question 4

Section A (1 Mark)

A company making an IPO can avail which of the following option?

A : Differential Pricing

B : Price band

C : Green-shoe

D : All of the above

Answer: D

Question 5

Section A (1 Mark)

The profits of a controlled foreign company which are apportioned to a UK company are charged to corporation tax at the UK company's average rate of tax.

A : TRUE

B : FALSE

Answer: A

Name:	Chartered Wealth Manager (CWM) Certification Level II Examination
Exam Code:	CWM_LEVEL_2
Certification:	Chartered Wealth Manager
Vendor:	AAFM
Total Questions:	1265
Last Updated:	May 28, 2026

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