Indian Trusts Act Law 50 GK MCQ SET:-1

Q21. Instances of passive breach of trust excludes

(A) Neglect to enforce a covenant
(B) Neglect to ask for, and obtain the title deeds relating to the settled property
(C) Non-conversion of the trust estate directed to be converted
(D) Buying of trust property by trustee on his own account

Answer: Buying of trust property by trustee on his own account

Q22. 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 ?

(A) Section18
(B) Section19
(C) Section20
(D) Section21

Answer: Section20

Q23. For creating a trust of moveable property, it is not necessary that

(A) There must be a declaration of intention to create a trust
(B) The purpose of trust be specified
(C) The beneficiary and the trust property be identified
(D) The property is physically transferred to the trustee

Answer: The property is physically transferred to the trustee

Q24. A bequeaths certain property to B, having full confidence that he will dispose of it for the benefit of C

(A) This creates a trust so far as regards A and C
(B) This does not create a trust so far as regards A and C
(C) Depends
(D) None of the above

Answer: This creates a trust so far as regards A and C

Q25. The so-called “The Statute of “Frauds” still noted in the Schedule of the Indian Trusts Act, 1882

(A) Has no application in India
(B) Has application in India
(C) Has application in India if Indian Courts follow
(D) Has application in India by Indian Arbitration Tribunal

Answer: Has no application in India

Mock Test UPSC/SSC Level Click Now

Q26. Constructive trusts arises

(A) Where property is transferred in pursuance of a contract which is liable to rescission
(B) Induced by fraud or mistake
(C) Both (A) and (B)
(D) Either (A) or (B)

Answer: Either (A) or (B)

Q27. Liability for breach of trust has been provided in

(A) Section 23 of the Indian Trust Act
(B) Section 22 of the Indian Trust Act
(C) Section 24 of the Indian Trust Act
(D) Section 25 of the Indian Trust Act

Answer: Section 23 of the Indian Trust Act

Q28. Choose the correct answer

(1) A trustee may also be a beneficiary and can be the sole beneficiary

(2) A trustee may also be a beneficiary, but cannot be the sole beneficiary

(3) A donor may also constitute himself a trustee, and though remaining in possession, may transfer legal possession by declaring his possession as donee’s.

(4) A donor may also constitute himself a trustee, and though remaining in possession, cannot transfer legal possession by declaring his possession as donee’s.

(A) (1), (3)
(B) (1), (4)
(C) (2), (3)
(D) (2), (4)

Answer: (2), (3)

Q29. The enactments relating to trust in India are all, but one

(A) The Indian Trust Act
(B) The Limitation Act
(C) The Waqf Act
(D) The Sale of Goods Act

Answer: The Sale of Goods Act

Q30. A trust created by the will of the testator may be revoked by him at his pleasure

(A) By express words
(B) By acts which lead to the inference that he intended to revoke it
(C) By subsequent will
(D) In case of person governed by the Hindu Marriage Act by the marriage of the testator

Answer: By subsequent will