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Get Certified: Proven Methods to Pass the AAFM CTEP Exam

Questions 51

___________ is the submission of a disputed matter to an impartial person.

Options:

A.

Mediation

B.

Negotiation

C.

Arbitration

D.

Litigation

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Questions 52

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

Options:

A.

Rs. 10,000

B.

Rs. 15,000

C.

Rs. 20,000

D.

Rs. 25,000

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Questions 53

Estate Planning Process is eight-step procedure that a manager has to follow. The Eight Steps are as given below (not in any order)

CTEP Question 53

The correct order is

Options:

A.

(i)-(ii)-(iii)-(iv)-(v)-(vi)-(vii)-(viii)

B.

(ii)-(i)-(iii)-(iv)-(vi)-(vii)-(viii)-(v)

C.

(ii)-(i)-(iii)-(iv)-(vi)-(vii)-(v)-(viii)

D.

(ii)-(i)-(iii)-(iv)-(vi)-(v)-(vii)-(viii)

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Questions 54

There are __________ types of Insurance policies which are used in Estate Planning.

Options:

A.

Two

B.

Three

C.

Four

D.

No limit on the types of Insurance Policies

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Questions 55

There are_________ steps to implement Philanthropy Planning and the first step is__________.

Options:

A.

Three, Gift Design

B.

Three, Discovery

C.

Four, Gift Design

D.

Four, Discovery

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Questions 56

You are an Estate Planner. Mr. Arun Mittal, a HNI client asks you to explain him the number of ways to dispose of his wealth. You explain to him about the three ways of disposing wealth. He further asks you to give ranking to the methods-from most preferred to least preferred. You tell Mr. Arun that the correct order is _________________.

Options:

A.

Consumption, Inheritance, Philanthropy

B.

Inheritance, Consumption, Philanthropy

C.

Philanthropy, Inheritance, Consumption

D.

None as he can dispose his wealth in any order.

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Questions 57

Which of the following is/are objective(s) of Probate process?

CTEP Question 57

Options:

A.

(i) and (ii)

B.

(iI) and (iii)

C.

(i),(ii) and (iii)

D.

(i) and (iii)

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Questions 58

In case of Amputation through shoulder joint, what is the Percentage of Compensation given (as per Workmen’s Compensation Act)?

Options:

A.

50%

B.

75%

C.

90%

D.

100%

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Questions 59

Which of the following statement(s) about Minute Book is/are correct?

CTEP Question 59

Options:

A.

Both (i) and (ii)

B.

Neither (i) nor (ii)

C.

Only (i)

D.

Only (ii)

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Questions 60

In case one wants to sell his/her business interest __________ and __________ are not appropriate.

Options:

A.

Lifetime Gifts, Bequest

B.

Lifetime Sale, Bequest

C.

Estate Sale, Buy-Sell Agreement

D.

Buy Sell Agreement, Bequest

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