Savitri is 30 years old. She saves Rs. 14,000/- p.a. (year end) in FD 8.75% p.a. compounded annually until she retires at age 58. Her life expectancy is 80 years. What would be her corpus at the time of retirement? What is the fixed amount she can withdraw at the beginning of each year, until age 80, in case she wishes to exhaust the whole corpus? Inflation is 5%.

Rs. 14,96,855/-, Rs. 1,37,767/-

The income received by the approved superannuation fund on the investments made by the fund is

Taxed as the concession rate of 10% of the income

Tax at the hands of employees concerned based on the share of each employee

Taxed under Capital Gains Tax depending upon the nature of investment

If any expenditure is incurred by an Indian company wholly and exclusively for the purpose of amalgamation or demerger, the said expenditure is

Allowed as a deduction spread over five successive previous year beginning with the previous year in which the amalgamation or demerger takes place.

Not allowable as a deduction in computing profits and gains of business or profession.

Fully deductible as revenue expenditure in the year in which it is incurred.

Not deductible but is eligible to be treated as an intangible asset in respect of which depreciation can be claimed.

Free AAFM GLO_CWM_LVL_1 Exam Practice Questions & Explanations

Last updated on: Sep 22, 2026
Prepared & Reviewed by the ValidExamDumps Editorial Team

At ValidExamDumps, we consistently monitor updates to the AAFM GLO_CWM_LVL_1 exam questions by AAFM. Whenever our team identifies changes in the exam questions, objectives, focus areas or requirements, We immediately update our exam questions for both PDF and online practice exams. This commitment ensures our customers always have access to the most current and accurate questions. By preparing with these up to date and 100% exam domain coverage questions, our customers can successfully pass the AAFM Chartered Wealth Manager (CWM) Global Examination exam on their first attempt without needing additional materials or study guides.

Other certification materials providers often include outdated or removed questions by AAFM in their GLO_CWM_LVL_1 exam. These outdated questions lead to customers failing their AAFM Chartered Wealth Manager (CWM) Global Examination exam. In contrast, we ensure our questions bank includes only precise and up-to-date questions. Our main priority is your success in the AAFM GLO_CWM_LVL_1 exam, not profiting from selling obsolete exam questions in PDF or Online Practice Test.