Millionaire Mode

Trusts: Creation and Elements

Question 1 of 15

What is a trust?

  1. A legal relationship in which one person (the trustee) holds property for the benefit of another person (the beneficiary).
  2. A legal relationship in which one person (the settlor) transfers property to another person (the trustee) to hold for the benefit of a third person (the beneficiary).
  3. A legal relationship in which one person (the settlor) transfers property to another person (the trustee) to hold for the benefit of the settlor.

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