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Final Quiz – All Units

by Operation AAFM

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  1. Question 1 of 25
    1. Question

    Developing replacement charts that ensures the sufficient capabilities of individuals is one of the activity to begin ___________.

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  2. Question 2 of 25
    2. Question

    Which of the following is not covered in administrative expenses involved in doing estate planning?

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    Incorrect
  3. Question 3 of 25
    3. Question

    Broker who does only the work of insurance called _________.

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  4. Question 4 of 25
    4. Question

    When can a private company borrow money?

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    Incorrect
  5. Question 5 of 25
    5. Question

    Old source(s) of Hindu law is/are

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    Incorrect
  6. Question 6 of 25
    6. Question

    Which is the process of proving a Will is valid and thereafter administering the estate of a dead person according to the terms of the Will?

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  7. Question 7 of 25
    7. Question

    The Indian Succession Act, 1925 does not apply in both testamentary or intestate succession of__________

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  8. Question 8 of 25
    8. Question

    ______________ is a Life Insurance Trust with certain provisions that allows gifts to the trust to qualify for the annual gift tax exclusion.

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  9. Question 9 of 25
    9. Question

    A Grantor Trust is never a ______________ Trust.

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  10. Question 10 of 25
    10. Question

    In Singapore, Central Provident Fund monies can be distributed through __________.

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  11. Question 11 of 25
    11. Question

    You are an Estate Planner. As part of the Estate Planning process, you require the client to fill up the ‘Estate Planning Checklist and Data Gathering form’. The client calls you to understand what are Schedule A and Schedule C attached to the form.You explain to him/her that Schedule A is for _______ and Schedule C is for __________.

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  12. Question 12 of 25
    12. Question

    High Net Worth Individuals can dispose of their money in ______ ways. From the standpoint of the wealth holder, __________ is the most important of all.

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  13. Question 13 of 25
    13. Question

    The whole process of the company formation may be divided into three direct stages. What is the sequence?

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  14. Question 14 of 25
    14. Question

    When can a public company borrow money?

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  15. Question 15 of 25
    15. Question

    Marriage under the Hindu Marriage Act, 1955 is

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  16. Question 16 of 25
    16. Question

    Renunciation of his interest in the coparcenary property by a coparcener

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  17. Question 17 of 25
    17. Question

    When will an ancestral property become a self-acquired property?

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  18. Question 18 of 25
    18. Question

    Which of the following statement holds incorrect regarding HUF?

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    Incorrect
  19. Question 19 of 25
    19. Question

    The distribution of the immovable property of a person deceased shall be regulated by?

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  20. Question 20 of 25
    20. Question

    The distribution of the movable property of a person deceased shall be regulated by?

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  21. Question 21 of 25
    21. Question

    A widow ‘W’ held some properties as ‘Widows estate’. She sold the properties to X before the commencement of the Hindu Succession Act, 1956. Which of the following statements will be true?

    Correct
    Incorrect
  22. Question 22 of 25
    22. Question

    Which of the following is the definition of the term Exchange as given under the Transfer of Property Act, 1882?

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  23. Question 23 of 25
    23. Question

    Which of the following statements is incorrect regarding wives for the purpose of general rules of succession in the case of males under the Hindu Succession Act, 1956?

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  24. Question 24 of 25
    24. Question

    Which of the following holds correct under private trusts?

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    Incorrect
  25. Question 25 of 25
    25. Question

    If an intestate dies leaving a surviving spouse and no children but a parent or parents, then the distribution will be?

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    Incorrect

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