cwm-level-1 Free Sample Questions

A wealth manager is preparing a personal balance sheet for a new client. Which of the following items should be classified as 'Investments' on the asset side of the statement?

The Reserve Bank of India (RBI) decides to increase the Repo Rate by 50 basis points. What is the most likely immediate impact on the Indian economy and financial markets?

A client, aged 30, has a high-risk tolerance and a 25-year investment horizon for wealth creation. A wealth manager suggests an asset allocation strategy. According to Modern Portfolio Theory, which of the following allocations would be most appropriate for this client's profile?

True or False: The Sharpe Ratio is a measure of an investment's excess return per unit of systematic risk, as measured by beta.

A 40-year-old client wants to purchase a life insurance policy. They have two primary objectives: first, to ensure their family is financially secure in case of their untimely demise, and second, to build a corpus for their child's education in 15 years. Which insurance product is best suited to meet both these objectives simultaneously?

A High-Net-Worth Individual (HNI) approaches a private banking division of a large Indian bank. Beyond standard deposit and loan facilities, which of the following services would this client typically expect to receive? (Select TWO)

An individual executes a document that gives another person the authority to manage their financial affairs, including operating bank accounts and making investment decisions, specifically because they are moving abroad for five years. What is this legal instrument called under Indian law?

An investor sells equity shares listed on the NSE after holding them for 14 months. The total capital gain is ₹1,50,000. Under the current Indian Income Tax Act, how will this gain be taxed?

A client couple, both aged 35, want to plan for their retirement at age 60. They have minimal savings and are concerned about the effects of inflation on their future corpus. What is the MOST critical first step a wealth manager should take?

Mr. Sharma, aged 70, wants to ensure that his ancestral property is managed for the benefit of his mentally challenged adult son after his demise. He is concerned that his son might be unable to manage the property and could be exploited. Which estate planning tool would be most effective in addressing Mr. Sharma's concerns?