Free CWM_LEVEL_1 Exam Braindumps
Chartered Wealth Manager Level 1 Questions 51–55 (page: 12)

Akash owns a piece of land situated in Kolkata (Date of acquisition : March 1, 1993, Cost of acquisition Rs. 90,000/- value adopted by Stamp duty authority at the time of purchase Rs. 1,45,000/-) On March 30, 2014 the piece of land is transferred for 6 lakh. Find out the capital gains chargeable to tax if the value adopted by the Stamp duty authority is Rs. 8.75 lakh. And X files an appeal under the Stamp Act and Stamp duty valuation has been reduced to Rs. 7.90 lakh by the Kolkata High Cout. [Cll-12-13: 852,11-12: 785,10-11:711,14-15:1024,15-16.1081, 93-94:244,92-93:223]

The probability distribution of the rate of return on ABC stock is given below:


What is the standard deviation of return?

Manmeet a 29 years old person has joined Met Life on 1/07/2011. His monthly salary (net salary) after deduction is Rs. 45000/. His monthly expenses details are as follows:


Assume Manmeet has taken his flat on rent from 01/07/2011. On 01/07/2011 he has cash in hand Rs.15000/-. What will be his cash in hand on 31/05/2012?

Mr. Tiwari is the sole income earner in the family. Mrs. Tiwari is a homemaker. They are aged 40 and 36 respectively. Life expectancy for both of them is another 40 years. They have no children. Other information you have is:
Current investment portfolio Rs. 20 lakh, Estimated final expenses - Rs. 1 lakh, present annual expenses- Rs. 4 lakhs (including Rs. 1 lakh of Mr. Tiwari's personal expenses), Mr. Tiwari's post tax income in hand is Rs. 5.5 lakhs. Assume a post tax and post inflation rate is 4%. Calculate the insurance requirement under the Needs Based Method.

Mr. Ashish borrows a sum of Rs. 25,00,000 from SBI @12% p.a. on 1.5.2013 and purchased a house property for Rs. 38,00,000 on 4.5.2013. He does not own any residential house property on the date of taking the lone. He has been using the house property for the own resident since its acquisition. Compute the Net taxable income of Mr. Ashish assuming he has salary income of Rs. 8,40,000 and he deposited Rs. 1,00,000 in PPF during the previous year 2013-14.