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: Apr 16, 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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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 2
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What is the amount of deduction in relation to Tea, Coffee and Rubber development account u/s 33AB
of Income Tax Act?
Answer: B
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What is the amount of deduction in relation to Tea, Coffee and Rubber development account u/s 33AB
of Income Tax Act?
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Question 3
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The principle of ensures that an insured does not profit by insuring with multiple insurers
Answer: B
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The principle of ensures that an insured does not profit by insuring with multiple insurers
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Question 4
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For claiming exemption u/s 546, the assessee shall acquire the new asset within
Answer: C
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For claiming exemption u/s 546, the assessee shall acquire the new asset within
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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.