Free AAFM CTEP Exam Questions (page: 21)

You are an Estate Planner. A client gives you the following information (given below in Table).



You are required to make Quick Estimate of Estate's liquidity. All figures are in Rupees. The estimate in this case is ______________

  1. 5,68,000
  2. (5,68,000)
  3. (1,30,000)
  4. 1,30,000

Answer(s): A



There are ____________ sources of Law.

  1. Two
  2. Three
  3. Four
  4. Infinite

Answer(s): A



___________ is the submission of a disputed matter to an impartial person.

  1. Mediation
  2. Negotiation
  3. Arbitration
  4. Litigation

Answer(s): C



There are _________________ Non-Formal Sources of Law.

  1. One
  2. Two
  3. Three
  4. Infinite

Answer(s): D



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