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Chartered Trust & Estate Planner® (CTEP®) Certification Examination

Last Update 6 hours ago Total Questions : 472

The Chartered Trust & Estate Planner® (CTEP®) Certification Examination content is now fully updated, with all current exam questions added 6 hours ago. Deciding to include CTEP practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our CTEP exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these CTEP sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Chartered Trust & Estate Planner® (CTEP®) Certification Examination practice test comfortably within the allotted time.

Question # 11

A non-resident in Singapore will be treated as a tax resident for a particular Year of Assessment if you are foreigner who stayed/worked in Singapore for _________or more in previous year (excludes director of a company)

A.

181 days

B.

182 days

C.

183 days

D.

191 days

Question # 12

Assuming that Mr. Nitin leaves everything to surviving spouse. Shortly, thereafter Mrs. Shikha dies same year leaving an estate of $5 million. Find the value of estate available for children. Assume only for this question that there is no estate tax exemption amount and the funeral expenses are not paid out of the estate amount.

A.

$2.98 million

B.

$5 million

C.

$3 million

D.

None of the above

Question # 13

In India where the Registration Act, 1908 is in force, the Power of Attorney should be authenticated by a______________.

A.

Sub-Registrar

B.

Registrar

C.

Either of a or b

D.

Notary

Question # 14

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

A.

30 days

B.

45 days

C.

180 days

D.

270 days

Question # 15

Public Limited Companies have a minimum paid up capital of ______________ or such higher capital as may be prescribed.

A.

Rs 1,00,000

B.

Rs.3,00,000

C.

Rs.5,00,000

D.

Rs10,00,000

Question # 16

Find out the taxable value of perquisite from the following particulars in case of an employee to whom the following assets held by the company were sold on 1.8.2012.

The assets were put to use by the company from the day they were purchased.

A.

Rs. 82,170

B.

Rs. 92,850

C.

Rs. 48,800

D.

Rs. 53,000

Question # 17

Which of the following statement(s) about Public Trust is/are correct?

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) nor (ii)

Question # 18

You are an Estate Planner. Your Client asks you that if he wants to give business to his children which method is not appropriate. He further asks you which method can help him control the size of this gift through his will. Your reply would be___________

A.

Buy-Sell Agreement, Bequest

B.

Bequest, Bequest

C.

Estate Sale, Buy-Sell Agreement

D.

Buy-Sell Agreement, Buy-Sell Agreement

Question # 19

In case one wants to sell his/her business interest __________ and __________ are not appropriate.

A.

Lifetime Gifts, Bequest

B.

Lifetime Sale, Bequest

C.

Estate Sale, Buy-Sell Agreement

D.

Buy Sell Agreement, Bequest

Question # 20

If a soldier makes a Will in oral form, for what time will it be valid?

A.

It will be valid always

B.

Valid for only a month

C.

Valid for three months

D.

Soldier cannot make Oral will

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