CWM_LEVEL_1 Practice Online

Question 1

Deductions under section 54 are allowed from

A : Gross Total Income

B : Long Term Capital Gain

C : Gross total income exclusive of long-term capital gain as well as short-term capital gain

D : Net Total Income

Answer: C

Question 2

Mr. Tiwari is the sole income earner in the family. Mrs. Tiwari is a homemaker. They are aged 40 and 36

respectively Life expectancy for both of them is another 40 years. They have no children. Other

information you have is: Current investment portfolio Rs. 20 lakhs, Estimated final expenses Rs. 1 lakh,

present annual expenses are of Rs. 4 lakhs (including Rs. 1 lakh of Mr. Tiwari's personal expenses), Mr.

Tiwari's post tax income in hand is Rs. 3.5 lakhs. Assume a post tax and post inflation rate is 4%.

Calculate the insurance requirement under the Needs Based Method?

A : Rs. 43 Lakhs

B : Rs. 42 Lakhs

C : Rs. 62 Lakhs

D : Rs. 51 Lakhs

Answer: D

Question 3

What are the advantages of 100% book building?

A : Marketing of issue to wholesale bidders work out cheaper

B : Issue can be completed in single stage

C : Time lag between pricing and listing is less

D : All of the above

Answer: D

Question 4

How many members are needed to form a society?

A : One single person

B : Two or more

C : Five or more persons

D : Seven or more

Answer: C

Question 5

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

Name:	Chartered Wealth Manager (CWM) Certification Level 1 Examination
Exam Code:	CWM_LEVEL_1
Certification:	AAFM Certification
Vendor:	AAFM
Total Questions:	138
Last Updated:	May 27, 2026

Download Demo CWM_LEVEL_1 Dumps

Create Account

Password Recovery

CWM_LEVEL_1 Practice Online

Download Demo CWM_LEVEL_1 Dumps

Member Login

Create Account

Password Recovery

CWM_LEVEL_1 Practice Online