Total 138 Questions |
Updated On: Dec 16, 2025
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Free AAFM CWM_LEVEL_1 Exam Questions
Become AAFM Certified with updated CWM_LEVEL_1 exam questions and correct answers
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Question 1
What is the amount of deduction in relation to Tea, Coffee and Rubber development account u/s 33AB of Income Tax Act?
Answer: B
Question 2
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
Question 3
What are the advantages of 100% book building?
Answer: D
Question 4
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 5
For claiming exemption u/s 546, the assessee shall acquire the new asset within
Answer: C
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Total 138 Questions |
Updated On: Dec 16, 2025
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