The Indian Trusts Act Law is a comprehensive legislation that governs the creation and administration of trusts in India.

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Indian Trusts Act Law 50 GK MCQ SET:-1

Q1. “Of all the exploits of Equity, the largest and the most important is the invention and development of Trust” is a statement given by

(A) Henry Levey Ulman
(B) Snell
(C) Maitland
(D) Salmond

Answer: Maitland

Q2. The trustee has no right to be reimbursed for-

(A) The expenses made by him for improvement of the property
(B) The expenses reasonably necessary to the due administration of the trust
(C) The preservation of the trust property
(D) The protection of rights of beneficiaries

Answer: The expenses made by him for improvement of the property

Q3. Which one of the following statements regarding ‘Public Trust’ doctrine is not true ?

(A) It is based on legal theory of the ancient Roman Empire
(B) The underlying idea of this doctrine is to develop trust among the public
(C) ‘Environment’ bears a very close relationship to this doctrine
(D) The doctrine enjoins upon the resources for the enjoyment by the general public

Answer: The underlying idea of this doctrine is to develop trust among the public

Q4. Liability of trustee is provided under

(A) Section 23 to 29 of the Indian Trust Act
(B) Section 11 to 18 of the Indian Trust Act
(C) Section 55 to 69 of the Indian Trust Act
(D) Section 51 to 65 of the Indian Trust Act

Answer: Section 23 to 29 of the Indian Trust Act

Q5. The concept of trust in the legal sense is unknown to

(A) The Hindu system
(B) The Mohammedan system
(C) The English system
(D) None of the above

Answer: The Hindu system

Q6. The concept of ‘trusts’ originated in

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

Answer: Rome

Q7. 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

Answer: A minor

Q8. 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

Answer: Section 23

Q9. Which of the following persons is not necessary for creation of trust ?

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

Answer: Legal representative

Q10. 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

Answer: Section 7