AAFM CTEP Exam Questions - mytestengine Practice Lab

Question 1 VERIFIED

Estate Tax in India is

A

A. Nil

B

B. 10%

C

C. 30%

D

D. Tax Rate depends on the estate value

Correct Answer: A

Explanation:

Answer: A

Question 2 VERIFIED

Estate tax is also called________

A

A. Succession Tax

B

B. Voluntary Tax

C

C. Involuntary Tax

D

D. Transfer Tax

Correct Answer: B

Explanation:

Answer: B

Question 3 VERIFIED

___________plan involves only Business assets.

A

A. Financial

B

B. Succession

C

C. Estate

D

D. Contingency

Correct Answer: B

Explanation:

Answer: B

Question 4 VERIFIED

Estate planning has___________steps.

A

A. Two

B

B. Three

C

C. Four

D

D. Five

Correct Answer: D

Explanation:

Answer: D

Question 5 VERIFIED

The goals of Estate Planning can be broadly divided into_____________categories.

A

A. Two

B

B. Three

C

C. Four

D

D. Five

Correct Answer: A

Explanation:

Answer: A

Demo AAFM CTEP Exam Questions

Correct Answer: A

Correct Answer: B

Correct Answer: B

Correct Answer: D

Correct Answer: A

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