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CTEP Exam Dumps - AAFM Certification Questions and Answers

Question # 54

___________ is a brief description of what you do and what you serve.

Options:

A.

Personal Brochure

B.

Elevator Speech

C.

Public Persona

D.

Direct mail

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Question # 55

For which of the following stage of Business Cycle a succession plan is not prepared?

Options:

A.

Survival

B.

Growth

C.

Maturity

D.

New Growth or Winding Down

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Question # 56

There are generally________ types of Private Foundations. Out of these, in ____________ arrangement, the donor has no direct participation in any charitable work.

Options:

A.

Two, Company-Sponsored Foundation

B.

Three, Non-Operating Foundation

C.

Two, Non-Operating Foundation

D.

Three, Company-Sponsored Foundation

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Question # 57

Which of the following statements about NRIC No. is correct?

Options:

A.

Only (i)

B.

Only (ii)

C.

Neither (i) or (ii)

D.

Both (i) and (ii)

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Question # 58

Muslim law recognizes that person cannot dispose of by Will more than ______of the net assets (unless ratified by all the heirs of the person leaving behind the Will) while the remaining _________ should be made available for distribution among the heirs.

Options:

A.

One third, Two third

B.

One fifth, Two fifth

C.

Two Third, One third

D.

Two fifth, One fifth

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Question # 59

With reference to the Hindu Marriage Law, which of the following statement(s) is/are correct?

Options:

A.

Both (i) and (iii)

B.

All of the above

C.

Both (ii) and (iii)

D.

None of the above

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Question # 60

A salaried individual, aged 45 years, was awarded a car of market value Rs. 6,50,000 by his credit card company in a draw on 20th December 2012. There was no TDS by the company. He has total income from salary of Rs. 8,45,000 in the previous year 2012-13. He saved a total of Rs. 1,80,000 under different investment instruments eligible for exemption u/s 80C and Rs. 25,000 was paid by him on 5th January, 2013 towards his health insurance policy. Find his tax liability for AY2013-14.

Options:

A.

Rs. 2,77,070/-

B.

Rs. 2,79,130/-

C.

Rs. 2,60,590/-

D.

Rs. 78,280/-

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Question # 61

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

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) nor (ii)

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Question # 62

Which of the following statement(s) about Employee Provident fund is/are correct?

Options:

A.

Only (i) and (iii)

B.

Only (ii) and (iv)

C.

None of the above

D.

All of the above

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Question # 63

As per Workmen’s Compensation Act, in case there is default in paying compensation .

Options:

A.

Only (i)

B.

Only (ii)

C.

Neither (i) nor (ii)

D.

Both (i) and (ii)

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Exam Code: CTEP
Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
Last Update: Feb 23, 2025
Questions: 472
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