Free AAFM CWM_LEVEL_1 Exam Questions
Absolute Free CWM_LEVEL_1 Exam Practice for Comprehensive Preparation
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AAFM CWM_LEVEL_1 Exam Questions
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Provided By: AAFM
- Exam: Chartered Wealth Manager (CWM) Certification Level 1 Examination
- Certification: AAFM Certification
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Total Questions: 138
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Updated On: May 23, 2026
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Rated: 4.9 |
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Online Users: 276
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Question 1
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A person is said to be Agnate of another if the two of them are
Answer: A
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A person is said to be Agnate of another if the two of them are
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Question 2
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Mrs. Meghana, a Hindu woman died without making a Will. She has left behind self-acquired property as
well as property which she had got from her parents. Mrs. Meghana is survived by her husband and two
children. According to the Hindu succession act 1956, how the whole property will be distributed and to
whom it belongs?
Answer: D
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Mrs. Meghana, a Hindu woman died without making a Will. She has left behind self-acquired property as
well as property which she had got from her parents. Mrs. Meghana is survived by her husband and two
children. According to the Hindu succession act 1956, how the whole property will be distributed and to
whom it belongs?
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Question 3
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Mr. Tiwari is the sole income earner in the family. Mrs. Tiwari is a homemaker. They are aged 40 and 36respectively Life expectancy for both of them is another 40 years. They have no children. Otherinformation you have is: Current investment portfolio Rs. 20 lakhs, Estimated final expenses Rs. 1 lakh,present annual expenses are of Rs. 4 lakhs (including Rs. 1 lakh of Mr. Tiwari's personal expenses), Mr.Tiwari's post tax income in hand is Rs. 3.5 lakhs. Assume a post tax and post inflation rate is 4%.Calculate the insurance requirement under the Needs Based Method?
Answer: D
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Question 4
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Deductions under section 54 are allowed from
Answer: C
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Deductions under section 54 are allowed from
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Question 5
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Statement I: Financial risk is associated with a firm's sources of financing. Statement II: The use of financial leverage is the source of financial risk
Answer: B
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Statement I: Financial risk is associated with a firm's sources of financing.