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Question 40

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

Options:

A.

Section 1, 1872

B.

Section 11, 1872

C.

Section 1, 1870

D.

Section 11, 1872

Question 41

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.

Options:

A.

Section 25

B.

Section 2

C.

Section 5

D.

Section 15

Question 42

Socities Registration Act has ______________ Sections. ________________ deals with the Registration and Fee of Society.

Options:

A.

18, Section 1

B.

20, Section 3

C.

15, Section 3

D.

30, Section 1

Question 43

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.

Options:

A.

65%

B.

75%

C.

85%

D.

Either 75% or 85% depending on the date which it is created

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Exam Code: CTEP
Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
Last Update: Nov 21, 2024
Questions: 472
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