AAFM CWM_LEVEL_2 Chartered Wealth Manager (CWM) Certification Level II Examination Exam Exam Practice Test Questions

• Question 1

  Section A (1 Mark)__________ is the symptom of poor listening.

  • Listening Germinates Receptivity
  • Use correct level of language
  • Resist distractions
  • Eradicating details

  Show Answer Answer: D Next

• Question 2

  Section B (2 Mark)If an investor strongly believes that the stock market is going to have a sharp decline shortly, he or she could maximize profit by

  • Short selling stock-index futures contracts.
  • Hedging current short positions.
  • Using stock-index futures to straddle the market.
  • Buying stock-index futures contracts.

  Show Answer Answer: A Next

• Question 3

  Section B (2 Mark)The current market price of a share of XYZ stock is Rs50. If a call option on this stock has a strike price of Rs45, the call

  • Is out of the money.
  • Is in the money.
  • Sells for a higher price than if the market price of XYZ stock is Rs. 40.
  • B and C.

  Show Answer Answer: D Next

• Question 4

  Section A (1 Mark)___________CRM automates and improves customer-facing and customer supporting business processes

  • Strategic
  • Operational
  • Analytical
  • Collaborative

  Show Answer Answer: B Next

• Question 5

  Section B (2 Mark)An employee who is not resident in the UK will be liable to UK income tax:

  • On all employment income arising both from duties performed in the UK and from duties performed overseas (on the receipts basis)
  • On all employment income arising both from duties performed in the UK and from duties performed overseas (on the remittance basis)
  • On employment income arising from duties performed in the UK (on the receipts basis) and on employment income arising from duties performed overseas (on the remittance basis)
  • On employment income arising only from duties performed in the UK (on the receipts basis)

  Show Answer Answer: D Next