CWM_LEVEL_2

Section C (4 Mark) Read the senario and answer to the question. Mr. Bhatia is interested to invest in a mutual fund SIP account and expecting which will grow by atleast 12% for Neena’s education need. Calculate how much he has to deposit per month?A . Rs. 12,952B . Rs....

Section A (1 Mark) Every employer is obliged to ensure that his employees get a safe and secure workplace. In relation to the risks arising in the workplace which affects the employees, cover is provided throughA . Employees’ Provident fundB . Workmen’s compensation insuranceC . Employees’ group life insuranceD ....

Section B (2 Mark) In US, all states except _________________ require their state, via state constitutional or statutory requirements, to balance their budget.A . VermontB . TexasC . All states require a balanced budgetD . North CarolinaView AnswerAnswer: A

Section A (1 Mark) Endorsements modifyA . Life & Health Insurance contractsB . Property & Liability Insurance contractsC . Both of the aboveD . None of the aboveView AnswerAnswer: B

Section A (1 Mark) One aspect of the tax considerations in asset allocation is thatA . Capital gains are often taxed at a higher rate than income.B . Taxes on capital gains are deferred until the gain is realized.C . Investors are exempt from taxes on capital gains once they...

Section A (1 Mark) During “Building the foundation” life stage, we learn about _______A . BudgetingB . Five Fundamental of Fiscal FitnessC . Three Fundamental of Fiscal FitnessD . Seven Fundamental of Fiscal FitnessView AnswerAnswer: B

Section C (4 Mark) To fulfil the Educational Qualification to be registered as an Investment Advisor under the SEBI Investment Advisor Regulations 2013. The applicant must: A . Both I and IVB . Both II and IIIC . Either of I or II and Either of III or IVD ....

Section B (2 Mark) Mr. L Singh used machinery in his business. This is the only asset in the block. 20% of the usage is for personal purposes. The WDV of the block as on 31.3.2011 is ―A . Rs. 2,70,000B . Rs. 2,55,000C . Rs. 2,10,000D . None of...

Section A (1 Mark) A bank that wants to protect itself from higher credit costs due to a decrease in its credit rating might purchase _________________________.A . A credit risk optionB . A standby letter of creditC . A credit linked noteD . A credit swapView AnswerAnswer: A

Section B (2 Mark) Mr. Manish purchased a residential house for Rs.3 lakh on 1-4-1972. Its market value on 1-4-1981 was, however, Rs.12 lakh. He sells the house during the financial year 2011-12 for Rs.98 lakh. Calculate the taxable long term capital gain. [CII-12-13: 852,11-12: 785,10-11:711]A . Rs. 12,90,000/-B ....