Pass the AAFM AAFM Certification CTEP Questions and answers with CertsForce

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Viewing questions 51-60 out of questions
Questions # 51:

Which of the following is essential for contract?

Options:

A.

Free Consent


B.

Witness


C.

Signatory


D.

Consideration


Expert Solution
Questions # 52:

The goals of Estate Planning can be broadly divided into_______ categories.

Options:

A.

Two


B.

Three


C.

Four


D.

Five


Expert Solution
Questions # 53:

Which is the following is a part of Executor’s fees?

Options:

A.

Funeral Expenses


B.

Master’s fees


C.

Estate duty


D.

All of the above


Expert Solution
Questions # 54:

Failure to create an Estate Plan leads to __________

Question # 54

Options:

A.

Only (i)


B.

Only (ii)


C.

Neither of the (ii)


D.

Both (i) and (ii)


Expert Solution
Questions # 55:

Estate planning has_____ phases.

Options:

A.

Nil


B.

Two


C.

Three


D.

Depends on the value of estate


Expert Solution
Questions # 56:

As per Employee Provident Fund, a member can withdraw________ of the amount of provident fund at credit after attaining the age of 54 years or within one year before actual retirement or superannuation whichever is later.

Options:

A.

100%


B.

90%


C.

75%


D.

50%


Expert Solution
Questions # 57:

The selling/ planning process has __________ steps.

Options:

A.

Four


B.

Five


C.

Seven


D.

Eight


Expert Solution
Questions # 58:

In case of Amputation through shoulder joint, what is the Percentage of Compensation given (as per Workmen’s Compensation Act)?

Options:

A.

50%


B.

75%


C.

90%


D.

100%


Expert Solution
Questions # 59:

Estate tax is also called ________

Options:

A.

Succession Tax


B.

Voluntary Tax


C.

Involuntary Tax


D.

Transfer Tax


Expert Solution
Questions # 60:

As per the Payment of Gratuity Act, the employer shall pay the amount of gratuity within _________.

Options:

A.

30 days


B.

45 days


C.

180 days


D.

270 days


Expert Solution
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Viewing questions 51-60 out of questions