Question 1

A person is said to be Agnate of another if the two of them are related by blood or adoption entirely or whollythrough males.

Options :

A : TRUE

B : FALSE

Answer: A

Question 2

Compulsory maintenance of account is required u/s 44AA of IT, if the gross receipt/ total sales exceed _______

Options :

A : Rs. 5,00,000

B : Rs 10,00,000

C : Rs 15,00,000

D : Rs 40,00,000

Answer: B

Question 3

As per rule 69 of doubling, what is the doubling period if rate of interest is 9%

Options :

A : 8.01 years

B : 8 years

C : 8.4

D : 8.1

Answer: A

Question 4

Which of the following statements is/ are correct?

Options :

A : I II and III

B : IIand IV

C : I,III and IV

D : All statements are true

Answer: B

Question 5

A testator sometimes make two wills one relating to his property in his native country and other relating to his property in some foreign country this type of will is called

Options :

A : Duplicate will

B : Sham will

C : Holograph will

D : Concurrent will

Answer: D

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