100% Free AAFM GLO_CWM_LVL_1 Practice Test Questions and Answers 2026

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Total 1060 Questions | Updated On: May 22, 2026

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Question 1

Foreign currency borrowings raised by Indian corporate from outside India are called

A : GDR

B : ADR

C : ECB

D : IDR

Answer: C

Question 2

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

A : A, D

B : A, B, D

C : A, C, D

D : A, B, C

Answer: D

Question 3

Which of the following is not one of the assumptions of the CMT?

A : All investors have the same one-period time horizon.

B : There are no personal income taxes.

C : There is no interest rate charged on borrowing.

D : There are no transaction costs.

Answer: C

Question 4

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 : Income Protection Cover and Life Insurance Cover

B : Life Insurance Cover and Mortgage Cover

C : Accident policy Cover and Critical Illness cover

D : Child education Cover

Answer: B

Question 5

Mr. Syelwester Andrews,a Resident Indian, has income derived from rubber plantation in Malaysia.It shall betreated as:

A : Agricultural income and hence exempt

B : Agricultural income but taxable under the head Income from Other Sources

C : Exempt as earned outside India

D : Taxable in Malaysia

Answer: B

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Total 1060 Questions | Updated On: May 22, 2026

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