Free AAFM CTEP Exam Questions

Become AAFM Certified with updated CTEP exam questions and correct answers

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Total 475 Questions | Updated On: Feb 17, 2025

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Question 1

From the following information of assets assets and liabilities, the taxable wealth for:

A : . 1,10,00,000 & Rs. 40,00,000 respectively

B : . 1,00,00,000 & Rs. 40,00,000 respectively

C : . 1,10,00,000 & Rs. 50,00,000 respectively

D : . 70,00,000 & Rs. 40,00,000 respectively

Answer: A

Question 2

_________ means the amount of _________or its equivalent value in money payable under the Muslim law annually by a Muslim during the month of Ramadan to be used for religious or charitable purposes recognized by the Muslim law.

A : trah, Rice

B : as kahwin, Rice

C : trah, Wheat

D : as kahwin, Wheat

Answer: A

Question 3

The current GST in UK is_____________.

A : 20%

B : 18%

C : 17.50%

D : 10%

Answer: B

Question 4

There are _________________ Non-Formal Sources of Law.

A :

B : o

C : ree

D : finite

Answer: D

Question 5

The Client wants to find out the value of estate that his spouse and each of their children would receive assuming he dies today.

A : $2,804,035

B : $2,774,035

C : $2,757,333

D : $2,772,702

Answer: B

Page: 1 / 95

Total 475 Questions | Updated On: Feb 17, 2025

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