Free MFP — Master Financial Planner Exam Questions and Answers
MFP — Master 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
- 1000+
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- First 10, with answers
- Official page
- Official Exam website
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- 130 mins · 70%
- Verified answers
- Reviewed weekly
Recommended: Switch to Test Mode to start a practice test that simulates the real exam experience.
Question #1
What is the primary goal of financial planning?
Please select an optionIncorrectCorrect answer: D
The primary goal of financial planning is to ensure financial security for individuals and families.
Was this answer correct?Question #2
Which financial statement summarizes a person's assets and liabilities?
Please select an optionIncorrectCorrect answer: A
A balance sheet provides a snapshot of a person's financial condition at a specific point in time.
Was this answer correct?Question #3
In retirement planning, which account provides tax-free withdrawals?
Please select an optionIncorrectCorrect answer: D
Roth IRAs allow for tax-free withdrawals, provided certain conditions are met.
Was this answer correct?Question #4
A client has a high-risk tolerance. Which investment is most suitable?
Please select an optionIncorrectCorrect answer: B
High-risk tolerance often aligns with investments like stocks, which can offer higher returns.
Was this answer correct?Question #5
What is the purpose of an estate plan?
Please select an optionIncorrectCorrect answer: C
An estate plan's purpose is to ensure an individual's assets are distributed according to their wishes after death.
Was this answer correct?Question #6
What is the term for liabilities that must be paid within a year?
Please select an optionIncorrectCorrect answer: A
Current liabilities are obligations expected to be settled within one year.
Was this answer correct?Question #7
In a financial forecast, which aspect is least important?
Please select an optionIncorrectCorrect answer: B
While personal goals are important, market trends, historical data, and future cash flows directly impact financial projections.
Was this answer correct?Question #8
What type of insurance is primarily intended to protect against loss of income?
Please select an optionIncorrectCorrect answer: B
Disability insurance is specifically designed to replace income lost due to an inability to work caused by disability.
Was this answer correct?Question #9
Which strategy involves spreading investments to reduce risk?
Please select an optionIncorrectCorrect answer: B
Diversification is a risk management strategy that mixes a wide variety of investments within a portfolio.
Was this answer correct?Question #10
What financial ratio measures a company's ability to meet short-term obligations?
Please select an optionIncorrectCorrect answer: A
The current ratio assesses a company's ability to pay off its short-term liabilities with its short-term assets.
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Other AAFM India certifications
- CRA — Chartered Risk Analyst (opens in a new tab)
- CFP — Certified Financial Planner (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)
- 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 MFP — Master Financial Planner exam?
- A: MFP — Master Financial Planner is a AAFM India certification exam. Judging by the questions in our bank, it concentrates on investment, retirement, savings, investing and planner.
- Q2: What topics does the MFP — Master Financial Planner exam cover?
- A: Questions in our MFP — Master Financial Planner bank cluster around investment, retirement, savings, investing, planner, estate, account and assets. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for MFP — Master Financial Planner?
- A: Work through the MFP — Master 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 MFP — Master Financial Planner exam questions?
- A: They are drawn from officially released past questions and from community members who have sat MFP — Master Financial Planner. Answers are verified and updated weekly.
- Q5: Where do I register for the MFP — Master 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 MFP — Master Financial Planner sample?
- A: Yes. Every MFP — Master 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.