CTEP exam

There are ____________ sources of Law.A . TwoB . ThreeC . FourD . InfiniteView AnswerAnswer: A

Private 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: A

Which of the following events does not require a Estate Planner to revise his plan?A . DivorceB . Donation of AssetC . Birth of grandchildrenD . None of the aboveView AnswerAnswer: D

There are four general categories of charitable gifts for donors and non-profits to consider. Out of these________ and ____________ require no contracts, trusts, trustees or special income tax returns. On the other hand, for __________ and _____________most donors and non-profits will need significant level of financial sophistication.A . Outright Gifts,...

You have just started your Estate Planning firm. Your friend who is into Estate Planning since 5 years explains you that an Ideal Estate Planning Prospect is one who is aged ___ or over and are _______________.A . 30, Married with ChildrenB . 30, Married with no childrenC . 35,...

Which of the following is/are benefit(s) of Business Succession Planning? A . Both (i) and (ii)B . Neither (i) nor (ii)C . Only (i)D . Only (ii)View AnswerAnswer: A

Which of the following is essential for contract?A . Free ConsentB . WitnessC . SignatoryD . ConsiderationView AnswerAnswer: D

There are ______ steps in Selling process. The last step in Selling Process is ____________.A . Five, Develop and Implement the PlanB . Five, Service the PlanC . Eight, Implement the PlanD . Eight, Service the PlanView AnswerAnswer: D

____________ is the most basic legal instrument of all Estate Plans.A . Power of AttorneyB . WillC . Trust DeedD . Any one of aboveView AnswerAnswer: B

Estate Tax in India is _______A . NilB . 10%C . 30%D . Tax Rate depends on the estate valueView AnswerAnswer: A