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: Feb 17, 2025

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Question 1

Consider the following information:

Which of the following statements is/are true?

A : ly II

B : ly III

C : ly II

D : ne of the above

Answer: C

Question 2

__________ records net change in ownership of foreign assets

A : pital Account

B : Current Account

C : Official Reserve Account

D : Balance of Payments

Answer: A

Question 3

Which among the following is not an advantage of setting up a trust?

A : lows for orderly distribution of assets and income following death

B : ures that the estate poses to the intended beneficiaries

C : x planning

D : otects against money laundering

Answer: D

Question 4

In ________, the values exchanged by the contracting parties may not necessarily be equal

A : eatory contracts

B : nditional contract

C : rsonal contract

D : ilateral contract

Answer: A

Question 5

Interest rate charged are higher in ……………

A : ime mortgage

B : prime mortgage

C : mple mortgage

D : ne of the above

Answer: B

Page: 1 / 212

Total 1060 Questions | Updated On: Feb 17, 2025

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