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Indian Trusts Act Law 50 GK MCQ SET:-1
Q11. The word “Trust” was first time used in ancient legal world by
(A) French Lawyers
(B) Greek Lawyers
(C) English Lawyers
(D) Swiss Lawyers
Answer: English Lawyers
Q12. 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
Answer: Trust for superstitious purposes
Q13. 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
Answer: Duty to mix the private property with the trust property
Q14. 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
Answer: While the trustees have transferred their interests
Q15. Who gave the following comment ?
“Trust is the very centre and kernel of Equity”
(A) Bacon
(B) Story
(C) Snell
(D) Hanbury
Answer: Bacon
Q16. A plaintiff, who sets up a plea of coercion has to establish all, but one, of the following
(A) The utterance of threat
(B) It should proceed from a party to the contract or be immediately directed against the party whom, it is intended to coerce, to enter into the contract
(C) Of an act forbidden by the Indian Penal Code
(D) With the intention of compelling the plaintiff to make the agreement complained of
Answer: It should proceed from a party to the contract or be immediately directed against the party whom, it is intended to coerce, to enter into the contract
Q17. Who can create trust among these ?
(A) Convict
(B) Lunatic
(C) Alien
(D) Infant
Answer: Alien
Q18. Where the object of the transfer is illegal, the court will not help the transferor in
(A) The question of relief on a matter of public policy
(B) Where the illegal purpose is not carried into execution
(C) Where the transferor is not as guilty as the transferee
(D) The effect of permitting the transferee to retain the property might be to defeat the provisions of any law
Answer: The question of relief on a matter of public policy
Q19. Who among the following cannot become beneficiary ?
(A) The Government
(B) Unborn child
(C) Corporation
(D) Alien
Answer: Unborn child
Q20. Which of the following Sections of the Indian Trust Act deals with liability for breach of trust ?
(A) Section20
(B) Section21
(C) Section 22
(D) Section 23
Answer: Section 23