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Viewing page 12 out of 15 pages
Viewing questions 111-120 out of questions
Questions # 111:

Which of the following statement(s) about Power of Attorney (POA) is/are correct?

Question # 111

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) or (ii)

Questions # 112:

There are__________ methods of Business valuation.Out of these methods,___________ method applies discount rate to determine the valuation of the business.

Options:

A.

Two, Discounted Cash Flow

B.

Three, Discounted Cash Flow

C.

Two, Income method

D.

Three, Income method

Questions # 113:

_____________ allows you to contribute cash but you will not receive tax deduction at the time of contribution.

Options:

A.

Traditional IRA

B.

Roth IRA

C.

SEP-IRA

D.

Simple IRA

Questions # 114:

Incase of Policies issued by the LIC, _______________ days of grace are allowed for monthly premiums.

Options:

A.

7 days

B.

10 days

C.

15 days

D.

20 days

Questions # 115:

You are an Estate Planner. As part of the Estate Planning process, you require the client to fill up ‘Estate Planning Checklist and Data Gathering form’. The client calls you to understand what are Schedule A and Schedule C attached to the form.You explain to him/her that Schedule A is for _______ and Schedule C is for__________

Options:

A.

Life Insurance and Qualified Retirement Plan

B.

Qualified Retirement Plans and Life Insurance

C.

Life Insurance and Marketable Securities’

D.

Marketable Securities and Life Insurance

Questions # 116:

The selling/ planning process has __________ steps.

Options:

A.

Four

B.

Five

C.

Seven

D.

Eight

Questions # 117:

What is a ‘CestuquieTrust’?

Options:

A.

It is a Trust created for People with Minor children.

B.

It is a Trust created by people in high-liability occupations

C.

It is the person for whose benefit the property is transferred.

D.

It is another name for ‘Deed of Trust’

Questions # 118:

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

Question # 118

Options:

A.

Neither of the (ii)

B.

Only (i)

C.

Only (ii)

D.

Both (i) and (ii)

Questions # 119:

Wills executed according to __________ of the _____________ are called Unprivileged Wills.

Options:

A.

Section 8, Hindu Succession Act 1956

B.

Section 63, Indian Succession Act 1925

C.

Section 8, Indian Succession Act 1925

D.

Section 63, Hindu Succession Act 1956

Questions # 120:

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.

Options:

A.

Two, Charitable Remainder Unit Trust

B.

Two, Charitable Remainder Annuity Trust

C.

Three, Charitable Remainder Unit Trust

D.

Three, Charitable Remainder Annuity Trust

Viewing page 12 out of 15 pages
Viewing questions 111-120 out of questions
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