Free AAFM CTEP Exam Practice Questions & Explanations

Last updated on: Sep 28, 2026
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Question 1

__________________ is used to show what Inheritance tax is due when someone has died and _________________ is used to show what Inheritance tax is due from lifetime events.

Answer Options
Correct Answer: C
Question 2

Estate planning has _________ steps.

Answer Options
Correct Answer: D
Question 3

Deduction under section 80QQB is allowed in respect of royalty income to:

Answer Options
Correct Answer: C
Question 4

Which of the following is another name for ''True Lease''?

Answer Options
Correct Answer: C
Question 5

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

Answer Options
Correct Answer: D