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Free AAFM CWM_LEVEL_1 Exam Questions

Absolute Free CWM_LEVEL_1 Exam Practice for Comprehensive Preparation 

  • AAFM CWM_LEVEL_1 Exam Questions
  • Provided By: AAFM
  • Exam: Chartered Wealth Manager (CWM) Certification Level 1 Examination
  • Certification: AAFM Certification
  • Total Questions: 138
  • Updated On: Apr 08, 2025
  • Rated: 4.9 |
  • Online Users: 276
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  • Question 1
    • A person is said to be Agnate of another if the two of them are  

      Answer: A
  • Question 2
    • Mr. Tiwari is the sole income earner in the family. Mrs. Tiwari is a homemaker. They are aged 40 and 36
      respectively Life expectancy for both of them is another 40 years. They have no children. Other
      information 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
  • Question 3
    • 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
  • Question 4
    • According to the dividend-growth model, the valuation of common stock depends on: 

      22

      Answer: A
  • Question 5
    • Deductions under section 54 are allowed from  

      Answer: C
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