CTEP

There are _________________ Non-Formal Sources of Law.A . OneB . TwoC . ThreeD . InfiniteView AnswerAnswer: D

Which of the following statement is true? A . Only (i)B . Only (ii)C . Both (i) and (ii)D . Neither (i) nor (ii)View AnswerAnswer: C

A__________can bring significant gift and estate tax savings.A . Granted Retained Annuity TrustB . Family Limited PartnershipC . Intentionally Defective Grantor TrustD . Buy and Sell AgreementView AnswerAnswer: B

What is the full form of DIN?A . Direct Identity NumberB . Director Identity NumberC . Director Identification NumberD . Direct Identification NumberView AnswerAnswer: C

Public Limited Companies have a minimum paid up capital of ______________ or such higher capital as may be prescribed.A . Rs 1,00,000B . Rs.3,00,000C . Rs.5,00,000D . Rs10,00,000View AnswerAnswer: C

Which of the following comes under Non-Financial Goals of Estate Planning? A . Both (i) and (ii)B . Both (ii) and (iii)C . Only (ii)D . Only (iii)View AnswerAnswer: C

Mr. Raj, the intestate, leaves no brother or sister but leaves his mother and one child of a deceased sister, Mary and two children of a deceased brother, George. How will the Estate be distributed?A . Raj’s Mother will be receive all the Property.B . Raj’s Mother will take 50%...

There are ______types of Charitable Trust. Out of these, in ________________ the value of assets are protected against inflation as the payouts vary with the asset value.A . Two, Charitable Remainder Unit TrustB . Two, Charitable Remainder Annuity TrustC . Three, Charitable Remainder Unit TrustD . Three, Charitable Remainder Annuity...

With reference to Business Succession Planning, ____________ protects the value of the business.A . Business ValuatorB . Private BankerC . Insurance ProfessionalD . Business BankerView AnswerAnswer: C

Which of the following statement(s) about Ancillary Probate is/are false? A . Only (i)B . Only (ii)C . Both (i) and (ii)D . Neither (i) nor (ii)View AnswerAnswer: D