Indian Trusts Act MCQ question and answer

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Who gave the following comment?
"Trust is the very centre and kernel of Equity"

A) Bacon B) Story C) Snell D) Hanbury

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Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

A trust is not extinguished

A) When its purpose is completely fulfilled B) When its purpose becomes unlawful C) When the trust being revocable is expressly revoked D) While the trustees have transferred their interests

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Answer & Solution

Answer: Option D

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Duties of trustee excludes

A) Duty to acquaint himself with the trust property B) Duty to transfer the same to himself C) Duty to mix the private property with the trust property D) Duty to get in trust-moneys invested on insufficient or hazardous security

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Answer & Solution

Answer: Option C

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Which of the following Trusts have been considered to be valid?

A) Trust for superstitious purposes B) Trusts prohibiting or restricting the right of partition of a Hindu joint family property C) Trust to accumulate property for ninety-nine years D) Trust for the purpose of blocking up the windows of a house for twenty years

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Answer & Solution

Answer: Option A

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The word "Trust" was first time used in ancient legal world by

A) French Lawyers B) Greek Lawyers C) English Lawyers D) Swiss Lawyers

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Answer & Solution

Answer: Option C

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Which section of the Indian Trusts Act, 1882 describes the persons competent to create trust?

A) Section 6 B) Section 7 C) Section 8 D) None of the above

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Answer & Solution

Answer: Option B

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Which of the following persons is not necessary for creation of trust?

A) Beneficiary B) Trustee C) Author of trust D) Legal representative

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Answer & Solution

Answer: Option D

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Under which section of the Indian Trusts Act 1882, Liability for breach of trusts has been provided?

A) Section 21 B) Section 23 C) Section 25 D) Section 19

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Answer & Solution

Answer: Option B

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Who out of the following cannot create a trust?

A) A person of 21 years of age B) An advocate C) A minor D) A juristic person

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Answer & Solution

Answer: Option C

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The concept of 'trusts' originated in

A) France B) Germany C) England D) Rome

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

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Indian Trusts Act MCQ question and answer | Law MCQ question