Chartered Wealth Manager® (CWM®) Certification Level 1 Examination
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88 questions in this view
Section C - 4 Marks
If there is willful removal or disregard by the workman of any safety guard or other device which he knew to have been provided for the purpose of securing safety of workman?
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Section C - 4 Marks
Reliance Industries recently paid a dividend of Rs. 1.8 and experts anticipate that the dividend to grow at a growth rate of 9% forever.
If Mr. Sharma plans on retaining the stock for five years at an expected rate of return of 12%. After five years, when he sells, the next shareholder may expect to earn 12% on the investment. How much would Sharma pay for the stock?
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Section C - 4 Marks
Ankur Kalra is 33 years old finance professional. The household expenditure of Mr. Kalra is Rs. 20,000 p.m. to maintain his current living standard. He assumes that his living standard will increase by 1.5% annually until his retirement at 60. His life expectancy is 70 years. At retirement, he needs 75% of his last years expenses. The inflation rate for the next 45 years is expected to be 4% p.a.
Calculate how much would Mr. Kalra require in the first year after his retirement, and how much he has to save at the end of every year to accumulate the retirement corpus if the return on investment is 7% p.a.?
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Section C - 4 Marks
The transferee of such a cheque cannot secure a better title than that of the transferor even if he takes it in good faith and for consideration. If the transferor has defective title the transferee also gets the same defective title. It is like a stolen pen, the receiver of which does not get a better title than that of the thief.
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Section C - 4 Marks
Mr. Raja Ram is working as a regional head in a Pharmaceutical Company. He has an annual income of Rs. 10,00,000. He will be retiring in next ten years. His current expenses are Rs. 5,00,000. The inflation rate for the foreseeable future is expected to be 5%. He assumes that his post-retirement expenses will be 70% of his last year expenses of his service and they will increase at the inflation rate and paid at the beginning of each year. On his retirement, He plans to leave his current rented apartment and shift into a spacious and airy bungalow located on the suburbs of the city (his long cherished dream). The current price of the bungalow is Rs. 24 lakh which is estimated to increase in line with the inflation rate. A ten-year government security paper fetches 10% interest rate, which will remain constant for the forthcoming period. He is in good health and expects to live for twenty years after retirement.
As a CWM you are required to calculate the amount he needs to save at the end each year till next 10 years, so that he can pay his post-retirement expenses as well as buy his dream house.
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Section C - 4 Marks
If, C = Rs.240 million, I = Rs.20 million, G = Rs.90 million, X = Rs.50 million M = Rs.80 million Calculate the value of GDP?
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