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Selected CTEP AAFM Certification Questions Answers

Page: 8 / 18
Total 472 questions

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

Question 29

Which one of the following statement(s) is/are correct?

Options:

A.

(i) only

B.

(ii) only

C.

Both are incorrect

D.

None of the above

Question 30

Which of the following statement(s) about partition of HUF is/are correct?

Options:

A.

All of the above

B.

Only (i)

C.

Only (ii)

D.

Only (iii)

Question 31

In case of __________ trust there is no Inheritance Tax if the settlor survives for _________ years.

Options:

A.

Absolute, Three

B.

Absolute, Seven

C.

Discretionary, Three

D.

Discretionary, Seven

Question 32

__________________ is spoken rather than dictated or written.

Options:

A.

Nuncupative Will

B.

Notarial Will

C.

Mirror Will

D.

Simple Will

Page: 8 / 18
Total 472 questions