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Free AAFM CTEP Exam Questions

Become AAFM Certified with updated CTEP exam questions and correct answers

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Total 475 Questions | Updated On: Jun 15, 2026

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Question 1

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

A : th (i) and (ii)

B : ither (i) nor (ii)

C : ly (i)

D : ly (ii)

Answer: B

Question 2

What is the full form of EITC?

A : rned Income Tax Credit

B : rned Income Taxable Credit

C : ther of a or b

D : ne of the above

Answer: A

Question 3

From the following information of assets assets and liabilities, the taxable wealth for:

A : . 1,10,00,000 & Rs. 40,00,000 respectively

B : . 1,00,00,000 & Rs. 40,00,000 respectively

C : . 1,10,00,000 & Rs. 50,00,000 respectively

D : . 70,00,000 & Rs. 40,00,000 respectively

Answer: A

Question 4

The goals of Estate Planning can be broadly divided into_______ categories.

A : o

B : ree

C : ur

D : ve

Answer: A

Question 5

Which of the following statement(s) about UTMA 529 is/are correct?

A : ly (i)

B : ly (ii)

C : th (i) and (ii)

D : ither (i) or (ii)

Answer: C

Page: 1 / 95

Total 475 Questions | Updated On: Jun 15, 2026

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