Free CFP — Certified Financial Planner Exam Questions and Answers
CFP — Certified Financial Planner is one of the AAFM India tests covered here. AAFM India is a private company in New Delhi that markets a family of chartered finance designations — CWM, CTEP, AFA, Chartered Economist, Chartered Portfolio Manager and others — under licence from the Global Academy of Finance and Management, which acquired the original American Academy of Financial Management's intellectual property in January 2015. Its own about page states that it operates as an education and certification body and does not act as a regulator or licensing authority. CWM is the flagship: two levels, 85 questions in 180 minutes each, 50% to pass, no negative marking.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 12, 2026
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- AAFM India
- Questions in our bank
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- First 10, with answers
- Official page
- Official Exam website
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- 130 mins · 70%
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- Reviewed weekly
Recommended: Switch to Test Mode to start a practice test that simulates the real exam experience.
Question #1
1. An investor is considering two investment options. Option A offers a return of 8% while Option B offers a return of 6% with the same risk level. What is the most sensible course of action?
Please select an optionIncorrectCorrect answer: A
Choose the option with higher returns given equal risk.
Was this answer correct?Question #2
2. When determining retirement needs, which of the following factors should be considered?
Please select an optionIncorrectCorrect answer: D
Both life expectancy and lifestyle greatly impact retirement planning.
Was this answer correct?Question #3
3. A client wants to ensure their children are financially secure in case of their untimely death. What would be the most suitable financial product?
Please select an optionIncorrectCorrect answer: A
Life insurance provides financial protection for dependents.
Was this answer correct?Question #4
4. Which of the following is a key principle of asset allocation?
Please select an optionIncorrectCorrect answer: C
Diversification reduces risk by spreading investments across various asset classes.
Was this answer correct?Question #5
5. A mutual fund's expense ratio represents which of the following?
Please select an optionIncorrectCorrect answer: C
The expense ratio includes all the operating costs of the fund.
Was this answer correct?Question #6
6. What is the primary goal of estate planning?
Please select an optionIncorrectCorrect answer: C
Efficiently transferring assets to heirs is the main goal of estate planning.
Was this answer correct?Question #7
7. Which retirement account offers tax-free withdrawals in retirement?
Please select an optionIncorrectCorrect answer: B
Roth IRA contributions are made with after-tax income, allowing tax-free withdrawals in retirement.
Was this answer correct?Question #8
8. A client has a portfolio that is too heavily weighted in stocks. What type of investment strategy should they consider?
Please select an optionIncorrectCorrect answer: D
Rebalancing helps maintain the desired level of risk by realigning the weightings of the portfolio.
Was this answer correct?Question #9
9. What financial document would provide the most comprehensive picture of a client's financial situation?
Please select an optionIncorrectCorrect answer: B
A balance sheet shows assets, liabilities, and net worth, providing a complete financial overview.
Was this answer correct?Question #10
10. If a client is risk-averse, which investment option should they prefer?
Please select an optionIncorrectCorrect answer: D
Corporate bonds are generally safer than stocks, appealing to risk-averse investors.
Was this answer correct?
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Other AAFM India certifications
- CRA — Chartered Risk Analyst (opens in a new tab)
- CPFA — Certified Private Fund Advisor (opens in a new tab)
- CAFP — Certified Alternative Fund Practitioner (opens in a new tab)
- CFA — Chartered Financial Analyst (opens in a new tab)
- MFP — Master Financial Planner (opens in a new tab)
- CRBA — Certified Risk and Business Analyst (opens in a new tab)
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FAQ
Learn More: https://www.aafmindia.co.in/best-finance-courses-in-india.aspx
- Q1: What is the CFP — Certified Financial Planner exam?
- A: CFP — Certified Financial Planner is a AAFM India certification exam. Judging by the questions in our bank, it concentrates on investment, planner, retirement, investor and savings.
- Q2: What topics does the CFP — Certified Financial Planner exam cover?
- A: Questions in our CFP — Certified Financial Planner bank cluster around investment, planner, retirement, investor, savings, portfolio, insurance and asset. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for CFP — Certified Financial Planner?
- A: Work through the CFP — Certified Financial Planner practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real CFP — Certified Financial Planner exam questions?
- A: They are drawn from officially released past questions and from community members who have sat CFP — Certified Financial Planner. Answers are verified and updated weekly.
- Q5: Where do I register for the CFP — Certified Financial Planner exam?
- A: Register through AAFM India directly at https://www.aafmindia.co.in/best-finance-courses-in-india.aspx. Exampractice is not affiliated with AAFM India and does not administer the exam.
- Q6: Is there a free CFP — Certified Financial Planner sample?
- A: Yes. Every CFP — Certified Financial Planner page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are AAFM India Certification Exams?
- A: AAFM (American Academy of Financial Management) India Certification Exams are professional examinations that validate expertise in financial planning, wealth management, risk management, and related financial disciplines.
- Q8: Why should I pursue AAFM India Certification?
- A: AAFM India Certification enhances your professional credibility, showcasing your skills and knowledge in financial management, which can lead to better job opportunities, higher salaries, and career advancement.
- Q9: What are the benefits of AAFM India Certification?
- A: Benefits include recognition as a certified financial expert, improved job performance, access to exclusive resources, and the ability to stay current with the latest financial strategies and practices.
- Q10: Who should take AAFM India Certification Exams?
- A: Financial professionals, wealth managers, risk managers, investment advisors, and anyone involved in financial planning or management should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of AAFM India Certification Exams are available?
- A: AAFM India offers various certification paths such as Chartered Wealth Manager (CWM), Chartered Financial Goal Planner (CFGP), and Chartered Risk Analyst (CRA), each tailored to specific roles and expertise levels.
- Q12: How do I prepare for AAFM India Certification Exams?
- A: Preparation can include official AAFM India training programs, study guides, practice exams, and hands-on experience in financial management and planning.
- Q13: Where can I take AAFM India Certification Exams?
- A: AAFM India Certification Exams can be taken at authorized testing centers across India, providing flexibility to fit your schedule and location.
- Q14: How do AAFM India Certifications impact my career?
- A: AAFM India Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in the financial industry.
- Q15: Are there any prerequisites for AAFM India Certification Exams?
- A: Some exams may have prerequisites, such as foundational knowledge or prior certifications. Check the specific requirements for each certification path on the AAFM India website.
- Q16: How often do I need to recertify for AAFM India Certifications?
- A: AAFM India Certifications typically require recertification every two to three years to ensure that certified professionals stay updated with the latest financial trends and practices.