Free AAFM CWM_LEVEL_1 Exam Questions

Become AAFM Certified with updated CWM_LEVEL_1 exam questions and correct answers

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Total 138 Questions | Updated On: Oct 28, 2025

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Question 1

Deductions under section 54 are allowed from

A : oss Total Income

B : ng Term Capital Gain

C : oss total income exclusive of long-term capital gain as well as short-term capital gain

D : t Total Income

Answer: C

Question 2

What are the advantages of 100% book building?

A : rketing of issue to wholesale bidders work out cheaper

B : ue can be completed in single stage

C : me lag between pricing and listing is less

D : l of the above

Answer: D

Question 3

A person is said to be Agnate of another if the two of them are

A : lated by blood or adoption entirely or wholly through males

B : lated by blood or adoption entirely or wholly through females

C : lated by blood or adoption entirely or wholly through their relatives

D : lated by blood or adoption entirely or wholly through the guardian other than family member

Answer: A

Question 4

According to the dividend-growth model, the valuation of common stock depends on:

A : and II

B : and Ill

C : and Ill

D : l of the above

Answer: A

Question 5

What is the amount of deduction in relation to Tea, Coffee and Rubber development account u/s 33AB of Income Tax Act?

A : 20% of profits of such business

B : 40% of profits of such business

C : 60% of profits of such business

D : 100% of profits of such business

Answer: B

Page: 1 / 28

Total 138 Questions | Updated On: Oct 28, 2025

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