Free AAFM GLO_CWM_LVL_1 Exam Actual Questions

The questions for GLO_CWM_LVL_1 were last updated On Feb 19, 2025

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Question No. 1

Bijoy traced a missing person and was awarded a sum of Rs. 35,000. Although there was no stipulation to that effect, such receipt shall be:

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Correct Answer: A

Question No. 2

Mr. Rajesh Rawat deposits Rs. 15,000 per month at the end of the month for 6.50 years in an account that pays a ROI of 8.80% per annum compounded quarterly. What will be the amount in the account after 6.50 years.?

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Correct Answer: B

Question No. 3

In marine insurance claims, insurable interest must shown to exist at the time of

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Correct Answer: A

Question No. 4

Solatium fund for hit and run accident in motor insurance policy has been created by the Government of India which consists of contributions from Government and General Insurance companies, as below:

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Correct Answer: A

Question No. 5

Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called

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Correct Answer: D