Millionaire Mode

Trusts: Accounting and Reporting

Question 1 of 15

What is the purpose of a trust?

  1. To manage and distribute assets for the benefit of beneficiaries.
  2. To provide tax benefits to the settlor.
  3. To protect assets from creditors.
  4. To avoid probate.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000