Indian Trusts Act MCQ

Test your knowledge with important Indian Trusts Act MCQ and their applications. These MCQs are beneficial for competitive exams too. Explore 30 + more Indian Trusts Act MCQs at Bissoy

• The concept of trust in the legal sense is unknown to
  ক

  The Hindu system

  খ

  The Mohammedan system

  গ

  The English system

  ঘ

  None of the above
• Liability of trustee is provided under
  ক

  Section 23 to 29 of the Indian Trust Act

  খ

  Section 11 to 18 of the Indian Trust Act

  গ

  Section 55 to 69 of the Indian Trust Act

  ঘ

  Section 51 to 65 of the Indian Trust Act
• Which one of the following statements regarding 'Public Trust' doctrine is not true?
  ক

  It is based on legal theory of the ancient Roman Empire

  খ

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

  গ

  'Environment' bears a very close relationship to this doctrine

  ঘ

  The doctrine enjoins upon the resources for the enjoyment by the general public
• The trustee has no right to be reimbursed for-
  ক

  The expenses made by him for improvement of the property

  খ

  The expenses reasonably necessary to the due administration of the trust

  গ

  The preservation of the trust property

  ঘ

  The protection of rights of beneficiaries
• "Of all the exploits of Equity, the largest and the most important is the invention and development of Trust" is a statement given by
  ক

  Henry Levey Ulman

  খ

  Snell

  গ

  Maitland

  ঘ

  Salmond
• The concept of 'trusts' originated in
  ক

  France

  খ

  Germany

  গ

  England

  ঘ

  Rome
• Who out of the following cannot create a trust?
  ক

  A person of 21 years of age

  খ

  An advocate

  গ

  A minor

  ঘ

  A juristic person
• Under which section of the Indian Trusts Act 1882, Liability for breach of trusts has been provided?
  ক

  Section 21

  খ

  Section 23

  গ

  Section 25

  ঘ

  Section 19
• Which of the following persons is not necessary for creation of trust?
  ক

  Beneficiary

  খ

  Trustee

  গ

  Author of trust

  ঘ

  Legal representative
• Which section of the Indian Trusts Act, 1882 describes the persons competent to create trust?
  ক

  Section 6

  খ

  Section 7

  গ

  Section 8

  ঘ

  None of the above
• The word "Trust" was first time used in ancient legal world by
  ক

  French Lawyers

  খ

  Greek Lawyers

  গ

  English Lawyers

  ঘ

  Swiss Lawyers
• Which of the following Trusts have been considered to be valid?
  ক

  Trust for superstitious purposes

  খ

  Trusts prohibiting or restricting the right of partition of a Hindu joint family property

  গ

  Trust to accumulate property for ninety-nine years

  ঘ

  Trust for the purpose of blocking up the windows of a house for twenty years
• Duties of trustee excludes
  ক

  Duty to acquaint himself with the trust property

  খ

  Duty to transfer the same to himself

  গ

  Duty to mix the private property with the trust property

  ঘ

  Duty to get in trust-moneys invested on insufficient or hazardous security
• A trust is not extinguished
  ক

  When its purpose is completely fulfilled

  খ

  When its purpose becomes unlawful

  গ

  When the trust being revocable is expressly revoked

  ঘ

  While the trustees have transferred their interests
• Who gave the following comment?<br>"Trust is the very centre and kernel of Equity"
  ক

  Bacon

  খ

  Story

  গ

  Snell

  ঘ

  Hanbury
• The so-called "The Statute of "Frauds" still noted in the Schedule of the Indian Trusts Act, 1882
  ক

  Has no application in India

  খ

  Has application in India

  গ

  Has application in India if Indian Courts follow

  ঘ

  Has application in India by Indian Arbitration Tribunal
• A bequeaths certain property to B, having full confidence that he will dispose of it for the benefit of C
  ক

  This creates a trust so far as regards A and C

  খ

  This does not create a trust so far as regards A and C

  গ

  Depends

  ঘ

  None of the above
• For creating a trust of moveable property, it is not necessary that
  ক

  There must be a declaration of intention to create a trust

  খ

  The purpose of trust be specified

  গ

  The beneficiary and the trust property be identified

  ঘ

  The property is physically transferred to the trustee
• 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?
  ক

  Section18

  খ

  Section19

  গ

  Section20

  ঘ

  Section21
• Instances of passive breach of trust excludes
  ক

  Neglect to enforce a covenant

  খ

  Neglect to ask for, and obtain the title deeds relating to the settled property

  গ

  Non-conversion of the trust estate directed to be converted

  ঘ

  Buying of trust property by trustee on his own account
• Which of the following Sections of the Indian Trust Act deals with liability for breach of trust?
  ক

  Section20

  খ

  Section21

  গ

  Section 22

  ঘ

  Section 23
• Who among the following cannot become beneficiary?
  ক

  The Government

  খ

  Unborn child

  গ

  Corporation

  ঘ

  Alien
• Where the object of the transfer is illegal, the court will not help the transferor in
  ক

  The question of relief on a matter of public policy

  খ

  Where the illegal purpose is not carried into execution

  গ

  Where the transferor is not as guilty as the transferee

  ঘ

  The effect of permitting the transferee to retain the property might be to defeat the provisions of any law
• Who can create trust among these?
  ক

  Convict

  খ

  Lunatic

  গ

  Alien

  ঘ

  Infant
• A plaintiff, who sets up a plea of coercion has to establish all, but one, of the following
  ক

  The utterance of threat

  খ

  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

  গ

  Of an act forbidden by the Indian Penal Code

  ঘ

  With the intention of compelling the plaintiff to make the agreement complained of
• Constructive trusts arises
  ক

  Where property is transferred in pursuance of a contract which is liable to rescission

  খ

  Induced by fraud or mistake

  গ

  Both (A) and (B)

  ঘ

  Either (A) or (B)
• Liability for breach of trust has been provided in
  ক

  Section 23 of the Indian Trust Act

  খ

  Section 22 of the Indian Trust Act

  গ

  Section 24 of the Indian Trust Act

  ঘ

  Section 25 of the Indian Trust Act
• Choose the correct answer<br>(1) A trustee may also be a beneficiary and can be the sole beneficiary<br>(2) A trustee may also be a beneficiary, but cannot be the sole beneficiary<br>(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.<br>(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.
  ক

  (1), (3)

  খ

  (1), (4)

  গ

  (2), (3)

  ঘ

  (2), (4)
• The enactments relating to trust in India are all, but one
  ক

  The Indian Trust Act

  খ

  The Limitation Act

  গ

  The Waqf Act

  ঘ

  The Sale of Goods Act
• A trust created by the will of the testator may be revoked by him at his pleasure
  ক

  By express words

  খ

  By acts which lead to the inference that he intended to revoke it

  গ

  By subsequent will

  ঘ

  In case of person governed by the Hindu Marriage Act by the marriage of the testator