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___________

A. Buy-Sell Agreement, Bequest

B. Bequest, Bequest

C. Estate Sale, Buy-Sell Agreement

D. Buy-Sell Agreement, Buy-Sell Agreement

Which of the following events does not require a Estate Planner to revise his plan?

A. Divorce

B. Donation of Asset

C. Birth of grandchildren

D. None of the above

As per the ESI Act, the monthly wage limit for coverage is _____________ per month.

A. Rs. 10,000

B. Rs. 15,000

C. Rs. 20,000

D. Rs. 25,000

What does ‘T’ in ‘SWOT’ stands for?

A. Trends

B. Time

C. Threats

D. Trust

The maximum gratuity payable as per Payment of Gratuity Act is __________.

A. Rs. 2,50,000

B. Rs.3,00,000

C. Rs. 10,00,000

D. Rs.4,00,000

There are _________________ Non-Formal Sources of Law.

A. One

B. Two

C. Three

D. Infinite

According to__________ of the ‘Registration Act, 1908’ the registration of a Will is not compulsory.

A. Section 8

B. Section 48

C. Section 1

D. Section 6

Estate Planning is ________ process.

A. One time

B. Continuous

C. Two step

D. Three step

Which of the following statement(s) about ‘Whole Life Insurance’ is/are correct?

A. Both (i) and (ii)

B. Only(i)

C. Only (ii)

D. Neither (i) nor (ii)

A Business plan has_________ phases.

A. Two

B. Three

C. Four

D. Five

What is the ultimate goal of Estate Planning?

A. To reduce estate taxes to minimum

B. To fulfill the estate owner’s wishes as closely as possible

C. Increase the value of client’s assets

D. Conserve the existing assets of client

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

A. Only (i)

B. Only (ii)

C. Both (i) and (ii)

D. Neither (i) nor (ii)