Chartered Trust & Estate Planner® (CTEP®) Certification Examination (CTEP) Practice Test

Questions # 91:

In UK, the nil rate band for the 2012/2013 tax year is ____________

Options:

£250,000

£325,000

£350,000

£225,000

Questions # 92:

The defined period for fraudulent transfers under the Bankruptcy Code was formerly ____________prior to the debtor’s filing for bankruptcy. This period was ____________ by the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers to self-settled trusts may be recaptured if made within _________ of the debtor’s filing for bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud present or future creditors.

Options:

One year ; Extended to two years; 2005; 10 years

Two years; Reduced by one year; 2005; 10 years

One year; Extended to two years; 2008; 15 years

Two years; Reduced by one year; 2008; 15 years

Questions # 93:

The list of managing body needs for be fixed with Registrar of Joint Stock companies

Question # 93

Options:

Only (i)

Only (ii)

(i) & (iii)

Only (iv)

Questions # 94:

Madras Marumakkattayam Act was enacted in __________.

Options:

1912

1922

1925

1932

Questions # 95:

Goods and Services Tax (GST) was introduced in Singapore in ____________

Options:

2002

2012

1992

1994

Questions # 96:

Which of the following are the rights of the beneficiaries?

Question # 96

Options:

(i) & (ii)

(ii) & (iii)

(i) & (iii)

All of the above

Questions # 97:

A Deposit of a Will is ____________________

Options:

Same as Registration

Making a Copy of the Will

Amendment to the Will

When the original will is put in a sealed envelope and deposited with the Registrar who gives a receipt

Questions # 98:

Which of the following statement(s) about HUF Partition is/are correct?

Question # 98

Options:

Both (i) and (ii)

All except (i)

Both (i) and (iii)

All of the above

Questions # 99:

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

Question # 99

Options:

(i) only

(ii) only

Both (i) & (ii) are correct

Both (i) & (ii) are incorrect

Questions # 100:

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

Question # 100

Options:

Both (i) and (ii)

Neither (i) nor (ii)

Only (i)

Only (ii)

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