Free AAFM CWM_LEVEL_2 Exam Practice Questions & Explanations

Last updated on: Oct 21, 2026
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Question 1

Section B (2 Mark)

In 2011-12, an individual receives a net dividend of 648. The equivalent gross income is:

Answer Options
Correct Answer: A
Question 2

Which of the following statement is/are correct?

Answer Options
Correct Answer: C
Question 3

Section C (4 Mark)

A rate of interest of 10% semi-annual compounded quarterly would be equal to -------------------- % per annum compounded annually.

Answer Options
Correct Answer: B
Question 4

Section B (2 Mark)

Which of the following two outcomes is an example of Loss Aversion Bias:

Answer Options
Correct Answer: A
Question 5

Section A (1 Mark)

A debt instrument which allows the issuer to lower its coupon payments if some significant factor changes is called:

Answer Options
Correct Answer: C