Free CTEP Exam Braindumps (page: 57)

Page 57 of 119

The Indian Trusts Act, 1882 has _______________ Sections.

  1. 56
  2. 75
  3. 96
  4. 102

Answer(s): C



According to ________________ of the Indian Trusts Act, a Trust may be created for any lawful purpose.

  1. Section 4
  2. Section 3
  3. Section 2
  4. Section 1

Answer(s): A



________________ is an informal type of Trust that is created during the lifetime of the grantor by depositing money into an account at a bank or other Financial Institution in the grantor's name as the Trustee for another person.

  1. Spendthrift Trust
  2. Grantor Retained Income Trust
  3. Dynasty Trust
  4. Totten Trust

Answer(s): D



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

  1. Crummey Trust
  2. Constructive Trust
  3. Charitable Lead Trust
  4. Grantor Trust

Answer(s): A



Page 57 of 119



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Rizwan commented on September 29, 2024
I am trying to learn question and answer to attempt Exam tomorrow morning.
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Elon commented on September 29, 2024
Hi! Has anyone attempted this exam recently? If so, please let me know if these questions are still relevant and appearing in the exam in the same format.
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B commented on September 28, 2024
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EG commented on September 28, 2024
Correct and explained answers. Thank you.
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Preparing for certification
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Karlik commented on September 27, 2024
I passed the exam with help from this questions :)
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Nate commented on September 27, 2024
Has anyone recently taken the exam? Can anyone confirm these questions are similar or word for word?
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Birkha commented on September 27, 2024
NO comments
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I was thinking question 16 should be a legacy systems
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Kg commented on September 26, 2024
hi @phil , thank you for the response , basically i must just check wether the answers are correct
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Phil commented on September 26, 2024
Hi @kg I feel you. Based on my experience, the questions are valid but some of the answers were not accurate. So I managed to study and kinda figure these answers. For me the accuracy of the questions were more important and I saw most of them in the exam.
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