Free AAFM GLO_CWM_LVL_1 Exam Questions

Become AAFM Certified with updated GLO_CWM_LVL_1 exam questions and correct answers

Page: 1 / 212

Total 1060 Questions | Updated On: Dec 17, 2025

Add To Cart

Question 1

Which of the following is not true about traditional defined benefit plans?

A : defined benefit plan provides a specified retirement benefit, and is funded based on actuarial assumptions

B : defined benefit plan provides higher proportionate benefits for key employees when key employees as a group are older than rank and file employees

C : defined benefit plan provides an individual account for each employee who participates

D : defined benefit plan can provide benefits for service prior to establishment of the plan

Answer: A

Question 2

________ & ________ are functions of IMF

A : rveillance, Technical assistance

B : nancial Assistance, improving living standards

C : rveillance, United nations development business

D : ne of the above

Answer: A

Question 3

Nishant aged 35 years is married and is working as a manager in M/s Zenith Ltd. His most likely retirement age is 60 years.His present salary is Rs. 3,00,000/- pa and self-maintenance expenses are 30,000/- per year. He pays Life insurance premium paid of 15,000/-and Income tax & professional tax amount to Rs. 20000/-. Rate of interest assumed for capitalization of future income is 8%. Calculate Nishant’s HLV to recommend adequate insurance cover.

A : . 25 lakh

B : . 23 lakh

C : . 29 lakh

D : . 27 Lakh

Answer: D

Question 4

Under flexible exchange rates a small open economy should

A : control of its monetary policy

B : insulated from its trading partners' inflation

C : nd to experience the inflation of its trading partners

D : nd that changes in its interest rates match changes in its trading partner's interest rates

Answer: B

Question 5

Interest on savings bank accounts is paid on _______.

A : west balance between 10th and 30th of the month

B : west balance between 10th and the end of the month

C : ily balance during the month

D : west balance between 1st and 10th of the month

Answer: C

Page: 1 / 212

Total 1060 Questions | Updated On: Dec 17, 2025

Add To Cart