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__________ is an influential person who knows you favorably and agrees to introduce or recommend you to others.

A.

Centre of Influence

B.

Attorney

C.

Commercial Bank Officer

D.

Property Agent

What does ‘T’ in ‘SWOT’ stands for?

A.

Trends

B.

Time

C.

Threats

D.

Trust

A father and his _________________ can also form an HUF.

A.

Married Daughters

B.

Unmarried Daughters

C.

Married Sons

D.

Unmarried Sons

If the NPV of buy alternative is Positive and the NPV of incremental lease effect is negative then the correct decision is to___________.

A.

Lease the Asset

B.

Buy the Asset

C.

Not use the Asset

D.

If the sum of the two NPV’s is positive, lease otherwise don’t use the asset

A _______________ is written in the Will-maker’s own handwriting.

A.

Mirror Will

B.

Holographic Will

C.

Nuncupative Will

D.

Simple Will

Which of the following statements about NRIC No. is correct?

A.

Only (i)

B.

Only (ii)

C.

Neither (i) or (ii)

D.

Both (i) and (ii)

_____________ of the Hindu Succession Act,1956 deals with the Order of Succession among heirs in the Schedule.

A.

Section 13

B.

Section 10

C.

Section 9

D.

Section 8

_____________ of Income Tax Act,1961 defines the Right of an Executor to recover tax paid.

A.

Section 169

B.

Section 162

C.

Section 69

D.

Section 62

The defined period for fraudulent transfers under the Bankruptcy Code was formerly ____________prior to the debtor’s filing for bankruptcy. This period was ____________ by the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers to self-settled trusts may be recaptured if made within _________ of the debtor’s filing for bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud present or future creditors.

A.

One year ; Extended to two years; 2005; 10 years

B.

Two years; Reduced by one year; 2005; 10 years

C.

One year; Extended to two years; 2008; 15 years

D.

Two years; Reduced by one year; 2008; 15 years

Which of the following is/are the neccessary contents of a will?

A.

I, II and III

B.

I, III and IV

C.

I, II and IV

D.

All of these