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CTEP Exam Dumps - AAFM Certification Questions and Answers

Question # 64

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

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Question # 65

The Indian Succession Act came into operation on ______________________

Options:

A.

30th September 1935

B.

30th November 1925

C.

30th September 1925

D.

None of the above

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Question # 66

Supplementary Retirement Scheme (SRS) relief for Singapore Permanent Resident is _____________ and for foreigner is ___________.

Options:

A.

$12,750; $29,750

B.

$29,750; $12,750

C.

$15,525; $16,200

D.

$16,200; $15,525

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Question # 67

The Hindu Succession (Amendment Act),2005 amended ____________ of the Hindu Succession Act,1956 allowing daughters of the deceased equal rights with the sons.

Options:

A.

Section 6

B.

Section 8

C.

Section 2

D.

Section 4

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Question # 68

Foreign maid levy (applicable only to working mothers) is upto ____________ without domestic worker concession and ___________ with foreign domestic worker concession.

Options:

A.

$4,000; $6,000

B.

$4,080; $6,360

C.

$6,360; $4,080

D.

$6000; $4,000

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Question # 69

Which of the following statement(s) about Offshore Investment Bond is/are correct?

Options:

A.

Only (i)

B.

Only (ii)

C.

Neither (i) nor (ii)

D.

Both (i) and (ii)

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Question # 70

There are _________________ Non-Formal Sources of Law.

Options:

A.

One

B.

Two

C.

Three

D.

Infinite

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Question # 71

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

Options:

A.

2002

B.

2012

C.

1992

D.

1994

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Question # 72

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

Options:

A.

(i) only

B.

(ii) only

C.

Both are incorrect

D.

None of the above

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Question # 73

There are ________________ essential elements of a Lease.

Options:

A.

Two

B.

Three

C.

Five

D.

Six

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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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