CTEP Exam Dumps - AAFM Certification Questions and Answers

Which of the following statement(s) about Uniform Gifts to Minor Act (UGMA) is/are correct?

Competency to contract has been defined under ____________ of the Indian Contract Act,___________

A Public charitable or religious institution can be formed either as a Trust or as a Society or as a Company registered under _____________ of the Companies Act.

One of the essential condition for obtaining exemption of the income of a charitable trust is that at least_____________ of the income should be applied for charitable purposes in India with certain exceptions and exemptions.

As per the ESI Act, the monthly wage limit for coverage is _____________ per month.

Which of the following is/are disadvantage(s) of Trust?

A trust created under the Married Woman Property Act, is an example of ________________.

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

In case one wants to sell his/her business interest __________ and __________ are not appropriate.

________ plan involves only Business assets.