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AAFM CWM_LEVEL_2 Exam Dumps

Get All Chartered Wealth Manager (CWM) Certification Level II Examination Exam Questions with Validated Answers

CWM_LEVEL_2 Pack
Vendor: AAFM
Exam Code: CWM_LEVEL_2
Exam Name: Chartered Wealth Manager (CWM) Certification Level II Examination
Exam Questions: 1259
Last Updated: January 18, 2026
Related Certifications: Chartered Wealth Manager
Exam Tags: Advanced financial professionalsWealth managers
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Free AAFM CWM_LEVEL_2 Exam Actual Questions

Question No. 1

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_________

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Correct Answer: D

Question No. 2

Section B (2 Mark)

An assessee was allowed deduction of unrealized rent to the extent of Rs. 40,000 in the past although the total unrealized rent was Rs. 60,000. He is able to recover from the tenant Rs.45,000 during the previous year on account of such unrealized rent. He shall be liable to tax to the extent of:

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Correct Answer: C

Question No. 3

Section C (4 Mark)

NCH Corporation, which markets cleaning chemicals, insecticides and other products, paid dividends of Rs2.00 per share in 1993 on earnings of Rs4.00 per share. The book value of equity per share was Rs40.00, and earnings are expected to grow 6% a year in the long term. The stock has a beta of 0.85, and sells for Rs60 per share. (The treasury bond rate is 7%.)

Based upon these inputs, estimate the price/book value ratio for NCH and How much would the return on equity have to increase to justify the price/book value ratio at which NCH sells for currently?

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Correct Answer: B

Question No. 4

Section B (2 Mark)

The income of any university or other educational institution existing solely for educational purposes and not for the purposes of profit is exempt under clause (iiiad) of Section 10(23C) if the aggregate annual receipts' of such university or educational institution do not exceed.

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Correct Answer: B

Question No. 5

Section C (4 Mark)

Read the senario and answer to the question.

Keshav purchased a Health Insurance. The policy has a calendar-year deductible of Rs. 500 and 80:20 as coinsurance. Keshav was hospitalized with a covered illness on January 23rd 2009. This hospitalization was his first claim under the said policy for the calendar year. His covered medical expenses were Rs. 20,500. How much of this amount will the insurer pay and how much will Keshav be required to pay to the Hospital?

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Correct Answer: D

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