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: Mar 08, 2026

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Question 1

Risk is

A : peril

B : hazard

C : probability of loss

D : certain outcome

Answer: C

Question 2

In case of Pvt. Company memo must be signed by atleast …….. person

A :

B : o

C : ven

D : fteen

Answer: B

Question 3

Mr. Dinesh is aged 35 years and has a wife aged 30 years old and two small children. His parents are also dependent on him and has a house against which he has taken a housing loan. What is the most important insurance cover required by him at this stage?

A : come Protection Cover and Life Insurance Cover

B : fe Insurance Cover and Mortgage Cover

C : cident policy Cover and Critical Illness cover

D : ild education Cover

Answer: B

Question 4

Premium under endowment plans equals

A : k premium+ savings element +expenses

B : k premium +expenses

C : k premium +saving element

D : ne of these

Answer: A

Question 5

Where a coparcener with only his widow as legal heir dies, Can a partition be deemed as between the surviving coparcener and the widow on his death?

A : it is a deemed as a partition u/s 6 of Hindu succession Act

B : ere the deceased dies issueless leaving a widow there is no question of a deemed partition u/s 6 of Hindu succession Act.

C : ne of the above

D : ther of the Two

Answer: B

Page: 1 / 212

Total 1060 Questions | Updated On: Mar 08, 2026

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