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  • Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
  • Last Update: 03-Dec-2024
  • Questions and Answers: 472
  • Single Choice: 472 Q&A's

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Get CTEP Dumps : Verified Chartered Trust & Estate Planner® (CTEP®) Certification Examination

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CTEP Questions and Answers

Question # 1

There are__________ methods of Business valuation.Out of these methods,___________ method applies discount rate to determine the valuation of the business.

A.

Two, Discounted Cash Flow

B.

Three, Discounted Cash Flow

C.

Two, Income method

D.

Three, Income method

Question # 2

Which of the following statement(s) about Ancillary Probate is/are false?

CTEP question answer

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) nor (ii)

Question # 3

What is Probate?

A.

A Will made out of undue influence

B.

The process of distribution of estate

C.

A person who pays the ‘Inheritance Tax’

D.

Court process by which a will is proved valid or invalid

Question # 4

Which of the following statement(s) about Power of Attorney (POA) is/are correct?

CTEP question answer

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) or (ii)

Question # 5

Registration of Power of Attorney is __________in India. If Power of Attorney is in respect of immovable property of value more than __________ it must be registered.

A.

Compulsory, Rs.500

B.

Optional, Rs. 500

C.

Compulsory, Rs. 100

D.

Optional, Rs. 100

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