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: Jun 17, 2026

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Question 1

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 2

How many members are needed to form a society?

A : single person

B : o or more

C : ve or more persons

D : ven or more

Answer: C

Question 3

The principle of ensures that an insured does not profit by insuring with multiple insurers

A : brogation

B : ntribution

C : urance

D : demnity

Answer: B

Question 4

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

Question 5

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

Page: 1 / 28

Total 138 Questions | Updated On: Jun 17, 2026

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