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AAFM CTEP Actual Questions

Page: 17 / 18
Total 472 questions

Chartered Trust & Estate Planner (CTEP) Certification Examination Questions and Answers

Question 65

Which of the following statement(s) about “Oddball” trusts is/are correct?

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) or (ii)

Question 66

______________ of Income Tax Act,1961 provides for the Registration of a Charitable Trust.

Options:

A.

Section 12A

B.

Section 13A

C.

Section 64A

D.

Section 65A

Question 67

A person can create _________________ living trust/trusts while he is alive and the assets can be transferred to it/them as desired by the person.

Options:

A.

Only One

B.

One or more

C.

Maximum two

D.

Any Number Of

Question 68

The Indian Trusts Act, 1882 has _______________ Sections.

Options:

A.

56

B.

75

C.

96

D.

102

Page: 17 / 18
Total 472 questions