Exam Code: CTEP
Exam Questions: 475
Chartered Trust & Estate Planner (CTEP)
Updated: 03 Sep, 2026
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Question 1

There are _________________ Non-Formal Sources of Law. 

Options :
Answer: D

Question 2

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


22 

Options :
Answer: D

Question 3

X owns a piece of land situated in Varanasi (Date of acquisition : March 1, 1983, Cost of acquisition Rs. 20,000/- value adopted by Stamp duty authority at the time of purchase Rs. 45,000/-).On March 30, 2012 the piece of land is transferred for 4 lakh. Find out the capital gains chargeable to tax if the value adopted by the Stamp duty authority is 5.5 lakh. X does not dispute it. [CII-12-13: 852,11-12: 785,10-11:711]

Options :
Answer: A

Question 4

As per Payment of Gratuity Act, Employees are entitled to ___________ terminal wages as gratuity for each year of completed service or part thereof in excess of 6 months. Seasonal employees are entitled to __________ terminal salary for each season of service

Options :
Answer: B

Question 5

As per the Ancient Hindu Law, there are ____________ Vedas. Scholars have determined that ___________ is the oldest of the Vedas.

Options :
Answer: B

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