CWM_LEVEL_1 Practice Online

Question 1

Mrs. Meghana, a Hindu woman died without making a Will. She has left behind self-acquired property as well as property which she had got from her parents. Mrs. Meghana is survived by her husband and two children. According to the Hindu succession act 1956, how the whole property will be distributed and to whom it belongs?

A : Meghana-s husband and two children have equal rights (one-third each) on her self-acquired property

B : elf-acquired property as well as property which she had got from her parents shall be distributed in equal ratio to her husband and two children

C : Mrs. Meghana-s property which is acquired from her parents shall be distributed to her two children in equal ratio. Her husband does not have a right on such property

D : Both A and C of the above

Answer: D

Question 2

According to the dividend-growth model, the valuation of common stock depends on:

A : I and II

B : I and Ill

C : II and Ill

D : All of the above

Answer: A

Question 3

At the money option will generate

A : Positive cash flows

B : Zero cash flow

C : Negative cash flows

D : None of the above

Answer: A

Question 4

A person is said to be Agnate of another if the two of them are

A : Related by blood or adoption entirely or wholly through males

B : Related by blood or adoption entirely or wholly through females

C : Related by blood or adoption entirely or wholly through their relatives

D : Related by blood or adoption entirely or wholly through the guardian other than family member

Answer: A

Question 5

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

A : Subrogation

B : Contribution

C : insurance

D : Indemnity

Answer: B

Name:	Chartered Wealth Manager (CWM) Certification Level 1 Examination
Exam Code:	CWM_LEVEL_1
Certification:	AAFM Certification
Vendor:	AAFM
Total Questions:	138
Last Updated:	Sep 04, 2026

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