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Religious and Charitable Trusts

Description: Test your knowledge on Religious and Charitable Trusts under Parsi Law.
Number of Questions: 15
Created by:
Tags: parsi law religious trusts charitable trusts indian law
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What is the primary purpose of a religious trust under Parsi Law?

  1. To promote religious education and practices

  2. To provide financial assistance to the needy

  3. To maintain and manage religious properties

  4. To support charitable activities


Correct Option: A
Explanation:

The primary purpose of a religious trust under Parsi Law is to promote religious education and practices among the Parsi community.

Who can create a religious trust under Parsi Law?

  1. Any individual who is a Parsi

  2. A group of individuals who are Parsis

  3. A religious institution

  4. All of the above


Correct Option: D
Explanation:

Under Parsi Law, any individual who is a Parsi, a group of individuals who are Parsis, or a religious institution can create a religious trust.

What are the essential elements of a valid religious trust under Parsi Law?

  1. Intention to create a trust

  2. Transfer of property to the trust

  3. Beneficiaries who are Parsis

  4. All of the above


Correct Option: D
Explanation:

To create a valid religious trust under Parsi Law, there must be an intention to create a trust, a transfer of property to the trust, and beneficiaries who are Parsis.

What are the powers and duties of the trustees of a religious trust under Parsi Law?

  1. To manage and administer the trust property

  2. To invest the trust funds

  3. To distribute the trust income to the beneficiaries

  4. All of the above


Correct Option: D
Explanation:

The trustees of a religious trust under Parsi Law have the powers and duties to manage and administer the trust property, invest the trust funds, and distribute the trust income to the beneficiaries.

What is the rule of perpetuity applicable to religious trusts under Parsi Law?

  1. Religious trusts can exist indefinitely

  2. Religious trusts can exist for a maximum period of 30 years

  3. Religious trusts can exist for a maximum period of 100 years

  4. None of the above


Correct Option: A
Explanation:

Under Parsi Law, religious trusts can exist indefinitely, unlike charitable trusts which are subject to the rule of perpetuity.

What is the procedure for the appointment of new trustees of a religious trust under Parsi Law?

  1. The existing trustees can appoint new trustees

  2. The beneficiaries of the trust can appoint new trustees

  3. The court can appoint new trustees

  4. Any of the above


Correct Option: D
Explanation:

Under Parsi Law, new trustees of a religious trust can be appointed by the existing trustees, the beneficiaries of the trust, or the court.

What is the purpose of a charitable trust under Parsi Law?

  1. To provide financial assistance to the needy

  2. To promote education and healthcare

  3. To support religious activities

  4. To maintain and manage public utilities


Correct Option: A
Explanation:

The primary purpose of a charitable trust under Parsi Law is to provide financial assistance to the needy and destitute members of the Parsi community.

Who can create a charitable trust under Parsi Law?

  1. Any individual who is a Parsi

  2. A group of individuals who are Parsis

  3. A charitable institution

  4. All of the above


Correct Option: D
Explanation:

Under Parsi Law, any individual who is a Parsi, a group of individuals who are Parsis, or a charitable institution can create a charitable trust.

What are the essential elements of a valid charitable trust under Parsi Law?

  1. Intention to create a trust

  2. Transfer of property to the trust

  3. Charitable purpose

  4. All of the above


Correct Option: D
Explanation:

To create a valid charitable trust under Parsi Law, there must be an intention to create a trust, a transfer of property to the trust, and a charitable purpose.

What are the powers and duties of the trustees of a charitable trust under Parsi Law?

  1. To manage and administer the trust property

  2. To invest the trust funds

  3. To distribute the trust income to the beneficiaries

  4. All of the above


Correct Option: D
Explanation:

The trustees of a charitable trust under Parsi Law have the powers and duties to manage and administer the trust property, invest the trust funds, and distribute the trust income to the beneficiaries.

What is the rule of perpetuity applicable to charitable trusts under Parsi Law?

  1. Charitable trusts can exist indefinitely

  2. Charitable trusts can exist for a maximum period of 30 years

  3. Charitable trusts can exist for a maximum period of 100 years

  4. Charitable trusts are subject to the rule against perpetuities


Correct Option: D
Explanation:

Unlike religious trusts, charitable trusts under Parsi Law are subject to the rule against perpetuities, which limits the duration of their existence.

What is the procedure for the appointment of new trustees of a charitable trust under Parsi Law?

  1. The existing trustees can appoint new trustees

  2. The beneficiaries of the trust can appoint new trustees

  3. The court can appoint new trustees

  4. Any of the above


Correct Option: D
Explanation:

Under Parsi Law, new trustees of a charitable trust can be appointed by the existing trustees, the beneficiaries of the trust, or the court.

What are the similarities between religious trusts and charitable trusts under Parsi Law?

  1. Both can be created by individuals or groups of individuals

  2. Both require a transfer of property to the trust

  3. Both have a charitable purpose

  4. Both are subject to the rule of perpetuity


Correct Option: A
Explanation:

Religious trusts and charitable trusts under Parsi Law share the similarity that both can be created by individuals or groups of individuals.

What are the differences between religious trusts and charitable trusts under Parsi Law?

  1. Religious trusts have a religious purpose while charitable trusts have a charitable purpose

  2. Religious trusts can exist indefinitely while charitable trusts are subject to the rule of perpetuity

  3. Religious trusts can only be created by Parsis while charitable trusts can be created by anyone

  4. All of the above


Correct Option: D
Explanation:

Religious trusts and charitable trusts under Parsi Law differ in terms of their purpose, duration, and who can create them.

What are some of the challenges faced by religious and charitable trusts under Parsi Law?

  1. Difficulty in finding suitable trustees

  2. Lack of transparency and accountability

  3. Mismanagement of trust property

  4. All of the above


Correct Option: D
Explanation:

Religious and charitable trusts under Parsi Law face challenges such as difficulty in finding suitable trustees, lack of transparency and accountability, and mismanagement of trust property.

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