Indian Trusts Act Law 50 GK MCQ SET:-1

Q31. In which of the following cases did the Supreme Court hold that ‘no trustee can get a discharge, unless he renders account of his management and this liability is irrespective of any question of negligence or willful default’

(A) VLNS Temple v. I. P. Reddy
(B) Chiranjit Lal v. Haridas
(C) K. C. Joshi v. Union of India
(D) None of the above

Answer: VLNS Temple v. I. P. Reddy

Q32. An agreement which delegates a trustee’s powers and duties to another trustee is

(A) Valid
(B) Void
(C) Voidable
(D) None of the above

Answer: Void

Q33. A, a trustee for B of Rs 10,000 wrongfully invests Rs 10,000 in the purchase of certain land. Is B entitled to the land ?

(A) Yes
(B) No
(C) Depends
(D) None of the above

Answer: Yes

Q34. Which section of the Indian Trusts Act, 1882 deals with liability for breach of trust ?

(A) Section 23
(B) Section 24
(C) Section 25
(D) None of the above

Answer: Section 23

Q35. Rights of beneficiaries are provided under

(A) Sections 51 to 65 of the Indian Trust Act
(B) Sections 53 to 67 of the Indian Trust Act
(C) Sections 55 to 69 of the Indian Trust Act
(D) Sections 57 to 71 of the Indian Trust Act

Answer: Sections 55 to 69 of the Indian Trust Act

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Q36. 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

Answer: Legal representative

Q37. 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

Answer: In rem

Q38. 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

Answer: By the consent of the beneficiary

Q39. 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

Answer: The law relating to private trusts and trustees

Q40. Which section of the Indian Trusts Act provides that trust money can be invested by the Trustee

(A) Section 17
(B) Section 20
(C) Section 24
(D) Section 22

Answer: Section 20