Where the trust property consists of money and cannot be applied immediately or at an early date to the purposes of the trust, the trustee is bound (subject to any direction contained in the instrument of trust) to invest the money on the specified securities and on no others. Which Section of the Indian Trusts Act, 1882 contains this provision?

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

A. The author of trust

B. Trustee

C. Legal representative

D. Beneficiary

Tracing is a claim

A. In rem

B. In personam

C. In rem in general but in personam in exceptional cases

D. In rem in exceptional cases but in personam in general

Trustees may be appointed except

A. Under a power contained in the instrument of trust

B. By the consent of the beneficiary

C. By the Court

D. Under a statutory power

The Indian Trust Act shall apply to

A. The law relating to private trusts and trustees

B. Mutual relations of the members of an undivided family

C. Public or private religious or charitable endowments

D. Trusts to distribute prizes taken in war among the captors