Free AAFM GLO_CWM_LVL_1 Exam Questions

Become AAFM Certified with updated GLO_CWM_LVL_1 exam questions and correct answers

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Total 1060 Questions | Updated On: Jun 03, 2025

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Question 1

Which of the following is a secondary identifier _______.

A : te of Birth

B : tionality

C : th of the above

D : ne of the above

Answer: B

Question 2

Which of the following are the key issues in retirement planning of service class?

A : D

B : B, D

C : C, D

D : B, C

Answer: D

Question 3

If the proposer does not disclose fully all the material facts at the time of Proposal the principle violated

A : veat emptor

B : urable interest

C : most good faith

D : aring of risk

Answer: C

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

What would be the taxable value added in Dr. Vijay Mohan’s income for Gratuity receipt of Rs. 8,00,000 at the time of retirement. He is covered under the Payment of Gratuity Act 1972. He retired after 28 years of service with monthly salary of Rs. 40000 p.m. Assume Income Tax provisions pertaining to AY 2011-12 would be applicable at the time of retirement?

A : . 3,50,000

B : . 2,40,000

C : . 5,60,000

D : . 1,53,146

Answer: D

Page: 1 / 212

Total 1060 Questions | Updated On: Jun 03, 2025

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