Question 1

The current GST in UK is_____________.

Options :

A : 20%

B : 18%

C : 17.50%

D : 10%

Answer: B

Question 2

Topic 3, Volume CAn Oral Trust is deemed to be a written trust if a statement in writing is forwarded to the Assessing Officer within _________________ from the date of declaration of the trust.

Options :

A : 3 months

B : 6 months

C : 9 months

D : 1 year

Answer: A

Question 3

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__________

Options :

A : Buy-Sell Agreement, Bequest

B : Bequest, Bequest

C : Estate Sale, Buy-Sell Agreement

D : Buy-Sell Agreement, Buy-Sell Agreement

Answer: B

Question 4

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

Options :

A : Only (i)

B : Only (ii)

C : Both (i) and (ii)

D : Neither (i) nor (ii)

Answer: B

Question 5

Which of the following is/are the neccessary contents of a will? 137

Options :

A : I, II and III

B : I, III and IV

C : I, II and IV

D : All of these

Answer: B

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