Free AAFM CWM_LEVEL_2 Exam Questions

Section A (1 Mark)

In US Over one-half the money spent by state and local governments goes to just three services. Which of the following is not one of these services?

Section B (2 Mark)

The following parameters are available for two mutual funds:

Calculate Treynor's performance index for Fund A & Fund B respectively

Section B (2 Mark)

You borrowed Rs8500, with the understanding that you are to make monthly payments over 36 months. Interest is charged at 7% compounded monthly. If you were to increase your payments by Rs20 per month, how much less time would it take you to pay back the loan?

Section B (2 Mark)

You have been asked to estimate the market value of an apartment complex that is producing annual net operating income of Rs44,500. Four highly similar and competitive apartment properties within two blocks of the subject property have sold in the past three months. All four offer essentially the same amenities and services as the subject. All were open-market transactions with similar terms of sale. All were financed with 30-year fixed-rate mortgages using 70 percent debt and 30 percent equity. The sale prices and estimated first-year net operating incomes were as follows:

What is the indicated value of the property using direct capitalization?

Section B (2 Mark)

The basic rate of income tax on non-savings incomein UK for tax year in 2011-12 is: