Online Access Free CWM_LEVEL_2 Exam Questions

Section B (2 Mark)
A dealer sold one January Nifty futures contract for Rs.250,000 on 15th January. Each Nifty futures contract is for delivery of 50 Nifties. On 25th January, the index closed at 5100. How much profit/loss did he make ?

• A.Loss of Rs. 9500
• B.Loss of Rs. 5000
• C.Loss of Rs. 8000
• D.Profit of Rs. 9000

Section A (1 Mark)
The CDO structures which are used by asset management companies, insurance companies and other investment shops with the intent of exploiting a mismatch between the yield of underlying securities and lower cost of servicing the CDO structures are called___________.

• A.Synthetic Balance Sheet CDOs
• B.Market Value Arbitrage CDOs
• C.Cash Flow Arbritrage CDOs
• D.Synthetic Arbitrage CDOs

Section B (2 Mark)
R acquired shares of G Ltd, on 15/12/1998 for Rs. 5 lakh which were sold on 15/5/2011 for Rs. 18.50 lakh.
Expenses of transfer were Rs. 20,000/-. He invests Rs. 6 lakh in the bonds of NHAI on 16/10/2011. Compute the capital gain for the assessment year 2012-13.

• A.Nil
• B.Rs. 76, 345/-
• C.Rs. 1,11,766/-
• D.Rs. 1,13,423/-

Section A (1 Mark)
If POA in respect of in moveable property of value more than ......................it must be registered

• A.Rs. 100
• B.Rs. 100000
• C.Rs. 50000
• D.Rs. 50

Section C (4 Mark)
Read the senario and answer to the question.
Raman's company has made plans for the next year for a new project. It is estimated that the company will employ total assets of Rs. 900 lakh, 75% of the assets being financed by borrowed capital at an interest cost of
6% per year. The direct costs are estimated at Rs. 530 lakh. All other operating expenses are estimated at Rs.
95 lakh. The goods will be sold to customers at 150% of the direct costs. Income tax rate is assumed to be
30%. Calculate net profit margin and return on owners' equity.

• A.13.32%, 42.38%
• B.12.13%, 44.34%
• C.10.75%, 43.37%
• D.11.40%, 40.29%