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Viewing page 13 out of 15 pages
Viewing questions 121-130 out of questions
Questions # 121:

Which of the following statement(s) about Ancillary Probate is/are false?

Question # 121

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) nor (ii)

Questions # 122:

A High Net Worth Individual (HNI) should hold at least _______ in liquid financial assets.

Options:

A.

$1 million

B.

$5 million

C.

$10 million

D.

$50 million

Questions # 123:

In which of the following case/cases Revocation of Power of Attorney is possible?

Question # 123

Options:

A.

Only (i)

B.

Both (i) and (ii)

C.

(i), (ii) and (iii)

D.

Only (ii)

Questions # 124:

The maximum gratuity payable as per Payment of Gratuity Act is __________.

Options:

A.

Rs. 2,50,000

B.

Rs.3,00,000

C.

Rs. 10,00,000

D.

Rs.4,00,000

Questions # 125:

In context to Workmen’s Compensation Act, any claim for the compensation should be made within _________ of the occurrence of the accident or from the date of death.

Options:

A.

6 months

B.

10 months

C.

1 year

D.

2 years

Questions # 126:

Which of the following events does not require a Estate Planner to revise his plan?

Options:

A.

Divorce

B.

Donation of Asset

C.

Birth of grandchildren

D.

None of the above

Questions # 127:

Failure to create an Estate Plan leads to __________

Question # 127

Options:

A.

Only (i)

B.

Only (ii)

C.

Neither of the (ii)

D.

Both (i) and (ii)

Questions # 128:

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 least __________independent witnesses.

Options:

A.

At the end, Two

B.

In the Beginning, Two

C.

At the end, One

D.

In the Beginning, One

Questions # 129:

Which of the following is essential for contract?

Options:

A.

Free Consent

B.

Witness

C.

Signatory

D.

Consideration

Questions # 130:

Estate Planning Process is eight-step procedure that a manager has to follow. The Eight Steps are as given below (not in any order)

Question # 130

The correct order is

Options:

A.

(i)-(ii)-(iii)-(iv)-(v)-(vi)-(vii)-(viii)

B.

(ii)-(i)-(iii)-(iv)-(vi)-(vii)-(viii)-(v)

C.

(ii)-(i)-(iii)-(iv)-(vi)-(vii)-(v)-(viii)

D.

(ii)-(i)-(iii)-(iv)-(vi)-(v)-(vii)-(viii)

Viewing page 13 out of 15 pages
Viewing questions 121-130 out of questions
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