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Free GLO_CWM_LVL_1 Exam Braindumps (page: 11)

Page 10 of 266
PDF with 1057 Questions

Under the Provisions of Transfer, of Property Act, the unborn child acquires vested interest-

  1. Upon his birth
  2. 7 days after his birth
  3. 12 days after his birth
  4. 18 years after his birth

Answer(s): A



Which of the following statement is correct?

  1. Only I
  2. Only II
  3. Both I and II
  4. None of them

Answer(s): C



What is codicil?

  1. Legal document used to transfer little of real property in the eyes of law
  2. Legal process of settling of disputes arising out of untimely death
  3. A situation where a person dies without a will
  4. Is a document that amends, rather than replaces, a preciously executed will

Answer(s): D



In case of non-resident, who is carrying on shipping business, his Indian income shall be presumed to be:

  1. 5% of certain amount received
  2. 7.5% of certain amount received
  3. 10% of certain amount received
  4. 8.5% of certain amount received

Answer(s): B






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