Question 1

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__________

Options :

A : Buy-Sell Agreement, Bequest

B : Bequest, Bequest

C : Estate Sale, Buy-Sell Agreement

D : Buy-Sell Agreement, Buy-Sell Agreement

Answer: B

Question 2

Full form of IRA is_____________

Options :

A : Individual Revocable Account

B : Individual Retirement Arrangement

C : Individual Retirement Attorney

D : Individual Retirement Aggregation

Answer: B

Question 3

In Singapore, the deadline for filing personal tax return is _________.

Options :

A : 31-Mar

B : 15-Apr

C : 31-Dec

D : 15-Sep

Answer: B

Question 4

Which of the following statement(s) about Employee Provident fund is/are correct?

Options :

A : Only (i) and (iii)

B : Only (ii) and (iv)

C : None of the above

D : All of the above

Answer: D

Question 5

Which of the following statement(s) is/are incorrect?

Options :

A : Both (i) and (ii)

B : Neither (i) nor (ii)

C : Only (i)

D : Only (ii)

Answer: B

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