CTEP exam

A Business plan has_________ phases.A . TwoB . ThreeC . FourD . FiveView AnswerAnswer: C

There are generally________ types of Private Foundations. Out of these, in ____________ arrangement, the donor has no direct participation in any charitable work.A . Two, Company-Sponsored FoundationB . Three, Non-Operating FoundationC . Two, Non-Operating FoundationD . Three, Company-Sponsored FoundationView AnswerAnswer: B

You are an Estate Planner. Your Client asks you that if he wants to give business to his children which method is not appropriate. He further asks you which method can help him control the size of this gift through his will. Your reply would be___________A . Buy-Sell Agreement, BequestB...

In case of Amputation through shoulder joint, what is the Percentage of Compensation given (as per Workmen’s Compensation Act)?A . 50%B . 75%C . 90%D . 100%View AnswerAnswer: C

While preparing a Will, the person who is making the Will must declare ________ that he is making the Will in his full senses and free from any kind of pressure. Once the testator completes writing the Will, he must the sign the Will very carefully in presence of at...

Who needs an Estate Plan?A . EveryoneB . HNIC . Terminally illD . ElderlyView AnswerAnswer: A

Which of the following statement(s) about codicil is/are correct? A . Only (i)B . Both (i) and (iv)C . (i),(ii),(iii) and (iv)D . (i),(iii) and (iv)View AnswerAnswer: D

Failure to create an Estate Plan leads to __________ A . Only (i)B . Only (ii)C . Neither of the (ii)D . Both (i) and (ii)View AnswerAnswer: D

As per the ESI Act, the monthly wage limit for coverage is _____________ per month.A . Rs. 10,000B . Rs. 15,000C . Rs. 20,000D . Rs. 25,000View AnswerAnswer: B

Estate Planning is ________ process.A . One timeB . ContinuousC . Two stepD . Three stepView AnswerAnswer: B