Free AAFM CWM_LEVEL_2 Exam Practice Questions & Explanations

Last updated on: Sep 7, 2026
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Question 1

Section A (1 Mark)

Division of the market into groups based on variables such as age, gender, size, income, occupation, education, religion, race and nationality comes under which of the following market segmentation?

Answer Options
Correct Answer: C
Question 2

Section B (2 Mark)

In the calculation of rates of return on common stock, dividends are _______ and capital gains are _____.

Answer Options
Correct Answer: C
Question 3

Section B (2 Mark)

The Dow theory illustrates that the three forces that simultaneously affect stock prices are ____________.

Answer Options
Correct Answer: D
Question 4

Section A (1 Mark)

First step in developing a Wealth Management Plan is

Answer Options
Correct Answer: B
Question 5

Section A (1 Mark)

Which of the following is not a Key Benefit of the In-kind process used by the ETFs?

Answer Options
Correct Answer: B