CTEP VCE Exam Download

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

Question 57

Which of the following is/are ancillary benefit(s) of Discretionary Family Trust?

All except (i)

All except (ii)

Only (iii)

All of the above

Question 58

A written instrument is necessary when a Trust is created in relation to an immovable property of the value of ______________ and upwards.

Rs 1,00,000

Rs. 100

Rs. 10,000

Rs, 10,00,000

Question 59

As per ______________ of the Indian Trust Act, the subject matter of a trust must be properly transferable to the beneficiary.

Section 1

Section 3

Section 5

Section 8

Question 60

Which of the following statement(s) about Private Trust is/are correct?

Only (i)

Only (ii)

Both (i) and (ii)

Neither (i) or (ii)