Which of the following about “Succession Plan” is/are true?

A. Neither(i) nor (ii)

B. Only (i)

C. Only (ii)

D. Both (i) and (ii)

Section 45 of the Insurance Act,1938 places a check on the power of insurer to avoid life policy on the ground of innocent misrepresentation after the expiry of ____________ of the policy term

A. Six month

B. One year

C. Two years

D. Five years

Which is the following is a part of Executor’s fees?

A. Funeral Expenses

B. Master’s fees

C. Estate duty

D. All of the above

As per the Payment of Gratuity Act, the employer shall pay the amount of gratuity within _________.

A. 30 days

B. 45 days

C. 180 days

D. 270 days

With reference to Business Succession Planning, ____________ protects the value of the business.

A. Business Valuator

B. Private Banker

C. Insurance Professional

D. Business Banker

Failure to create an Estate Plan leads to __________

A. Only (i)

B. Only (ii)

C. Neither of the (ii)

D. Both (i) and (ii)

What is the full form of DIN?

A. Direct Identity Number

B. Director Identity Number

C. Director Identification Number

D. Direct Identification Number

There are ____________ sources of Law.

A. Two

B. Three

C. Four

D. Infinite

Which of the following is/are benefit(s) of Business Succession Planning?

A. Both (i) and (ii)

B. Neither (i) nor (ii)

C. Only (i)

D. Only (ii)

High Net Worth Individuals can dispose of their money in______ ways. From the standpoint of the wealth holder,__________ is the most important of all.

A. Three, Personal Consumption

B. Three, Philanthropy

C. Four, Personal Consumption

D. Four,Philanthropy

Charity tends to be ________ and _________ response.

A. Short term, Strategic

B. Long Term, Emotional

C. Short Term, Emotional

D. Long Term, Strategic

With reference to the Hindu Marriage Law, which of the following statement(s) is/are correct?

A. Both (i) and (iii)

B. All of the above

C. Both (ii) and (iii)

D. None of the above