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AAFM India CWM_LEVEL_1 Exam Questions
Chartered Wealth Manager Level 1 (Page 6 )

Updated On: 23-Apr-2026
Page 5 of 29
PDF with 197 Questions

“At the money” option will generate

  1. Positive cash flows
  2. Zero cash flow
  3. Negative cash flows
  4. None of the above

Answer(s): A



Fixed exchange-rate systems maintained by a gold standard have difficulty achieving equilibrium if…

  1. The money supply rises with surpluses.
  2. The money supply falls with deficits.
  3. Inflation of costs and prices occurs with a balance-of-payments surplus.
  4. Changes in the money supply are unrelated to the state of the balance of payments.

Answer(s): C



In the Transfer of property Act, immovable property does not include.

  1. Building
  2. Land
  3. Pond
  4. Standing timber

Answer(s): D



Deduction under section 80QQB is allowed to an author of a book of literary or artistic or scientific nature who is resident in India to the extent of:

  1. 100% of royalty income or Rs. 5,00,000 whichever is less
  2. 100% of royalty income or Rs. 3,00,000 whichever is less.
  3. 50% of royalty income or Rs. 5,00,000 whichever is less.
  4. 50% of royalty income or Rs. 3,00,000 whichever is less.

Answer(s): D



Which of the following is not an exclusion under a health policy?

  1. Pre-existing conditions
  2. Accident injury
  3. Elective surgery
  4. Intentional self-inflicted injury

Answer(s): A



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