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CWM_LEVEL_2 Exam Dumps : Chartered Wealth Manager (CWM) Certification Level II Examination

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Chartered Wealth Manager (CWM) Certification Level II Examination Questions and Answers

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Question 1

Section B (2 Mark)

Amount of liability of payment of gratuity is calculated at the rate of

Options:

A.

One month’s wage for each completed year of service

B.

20days wages for each completed year of service

C.

Half a month’s wage for each completed year of service

D.

15 day’s wage for each completed year of service

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Question 2

Section B (2 Mark)

In order to determine the residential status of an NRI returning to India for permanent settlement, for the year of return, besides the stay not exceeding 181 days an additional condition is applicable that of stay not totalling to____________ days or more in relevant year if his stay in earlier ___________ years totaled to 365 days or more.

Options:

A.

90 and 3

B.

60 and 4

C.

180 and 5

D.

180 and 3

Question 3

Section A (1 Mark)

The subscription paid into PPF account enjoys the tax benefit under

Options:

A.

Sec 80D

B.

Sec 10

C.

Sec 80C

D.

Sec 80G

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