AAFM CTEP Actual 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?

Only (i)

Only (ii)

Both (i) and (ii)

Neither (i) or (ii)

Question 66

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

Section 12A

Section 13A

Section 64A

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.

Only One

One or more

Maximum two

Any Number Of

Question 68

The Indian Trusts Act, 1882 has _______________ Sections.

102