What is the Duration of AAFM CTEP Exam?

The duration of the AAFM Certified Treasury and Financial Professional (CTEP) exam is three hours.

What are the Number of Questions Asked in AAFM CTEP Exam?

The AAFM CTEP Exam consists of 100 multiple-choice questions.

What is the Passing Score for AAFM CTEP Exam?

The passing score required for the AAFM CTEP exam is 70%.

What is the Competency Level required for AAFM CTEP Exam?

The Competency Level required for AAFM CTEP exam is a minimum of five years of professional experience and/or achievement in the field of finance, banking, investments, accounting, or related financial services. Candidates must also have at least a Bachelor's degree in a related field.

What is the Question Format of AAFM CTEP Exam?

The AAFM CTEP exam consists of multiple-choice questions, with some questions requiring more than one answer.

How Can You Take AAFM CTEP Exam?

The AAFM CTEP exam can be taken either online or at a testing center. For online exams, applicants must register on the AAFM website and pay the exam fee. Once the registration is complete, applicants will receive an email with instructions on how to access and take the online exam. For exams taken at a testing center, applicants must register online and pay the exam fee. Once the registration is complete, applicants will receive a confirmation email with instructions on how to schedule their exam at a testing center.

What Language AAFM CTEP Exam is Offered?

The AAFM CTEP Exam is offered in English.

What is the Cost of AAFM CTEP Exam?

The AAFM Certified Treasury and Financial Professional (CTEP) exam is offered for a fee of $495.

What is the Average Salary of AAFM CTEP Certified in the Market?

The average salary of AAFM CTEP certified professionals varies widely by role, region, and experience, because it depends on the job the certification is combined with. Check current listings in your market for an up-to-date figure.

Who are the Testing Providers of AAFM CTEP Exam?

The American Academy of Financial Management (AAFM) is the only organization that provides testing for the Certified Treasury and Enterprise Professional (CTEP) exam.

What is the Recommended Experience for AAFM CTEP Exam?

The American Academy of Financial Management (AAFM) recommends that candidates have at least two years of professional experience in the financial services industry. Additionally, it is recommended that candidates have at least one year of experience in financial management or corporate finance. Candidates should also have a working knowledge of financial and accounting principles, such as budgeting, accounting, financial analysis, investment strategies, and risk management.

What is the Expected Retirement Date of AAFM CTEP Exam?

The AAFM CTEP exam is the current version of the exam, and AAFM has not announced a retirement date for it. When AAFM introduces a newer version, the retirement date for the older version is published on the AAFM certification site.

What is the Difficulty Level of AAFM CTEP Exam?

The difficulty level of the AAFM CTEP exam varies depending on the individual and the level of preparation they have undertaken. Generally, the exam is considered to be of moderate difficulty.

What is the Roadmap / Track of AAFM CTEP Exam?

The AAFM Certified Treasury and Enterprise Professional (CTEP) Exam is a certification track/roadmap designed to provide professionals with the knowledge and skills necessary to become a certified treasury and enterprise professional. The CTEP Exam is a comprehensive exam that covers a wide range of topics related to treasury and enterprise management. It includes topics such as cash management, financial risk management, financial planning and analysis, and treasury operations. The exam is administered by the American Academy of Financial Management (AAFM) and is designed to assess an individual’s knowledge and skills in the areas of treasury and enterprise management.

What are the Topics AAFM CTEP Exam Covers?

The AAFM CTEP Exam covers a wide range of topics related to financial management, including: 1. Financial Planning: This topic covers the fundamentals of financial planning, including budgeting, goal setting, and risk management. It also covers the various types of investments available, such as stocks, bonds, mutual funds, and real estate. 2. Investment Analysis: This topic covers the analysis of investments, such as stocks, bonds, mutual funds, and real estate. It also covers the various types of analysis used to evaluate investments, such as fundamental analysis, technical analysis, and quantitative analysis. 3. Corporate Finance: This topic covers the basics of corporate finance, including financial statements, cash flow analysis, capital structure, and mergers and acquisitions. It also covers the various types of financing available to businesses, such as debt, equity, and venture capital. 4. Risk Management: This topic covers the fundamentals of risk management, including the identification,

What are the Sample Questions of AAFM CTEP Exam?

1. What are the key components of the AAFM Certified Trust and Estate Practitioner (CTEP) exam? 2. Describe the process for preparing for the CTEP exam. 3. What is the best way to study for the CTEP exam? 4. What types of topics are covered on the CTEP exam? 5. What is the structure of the CTEP exam? 6. How is the CTEP exam scored? 7. What are the benefits of becoming a CTEP? 8. What are the eligibility requirements for taking the CTEP exam? 9. What is the cost of the CTEP exam? 10. What resources are available to help prepare for the CTEP exam?

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Free CTEP – Chartered Trust & Estate Planner® (CTEP®) Certification Examination Practice Test Question

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Showing 1–20 of 20 questions

Question 1 (Volume C)

Which of the following is/are ancillary benefit(s) of Discretionary Family Trust?

$C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\16337_U4M4_4676_image005.png$

Select an option, then click Submit answer.

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All except (i)
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All except (ii)
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Only (iii)
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All of the above

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Question 2 (Volume C)

The maximum limit of net wealth not chargeable to tax under provisions of the Wealth Tax Act,________ is Rs.___________ at present.

Select an option, then click Submit answer.

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1957; 10 Lakhs
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1967; 15 Lakhs
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1957; 15 Lakhs
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1967; 25 Lakhs

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Question 3 (Volume B)

Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs. 5000 per month. The income from such house property will be taxable in the hands of:

Select an option, then click Submit answer.

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Mrs. Juneja
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Vikrant. However income will be computed first as Mrs. Juneja’s income and thereafter clubbed in the income of Manish.
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Vikrant, as he will treated as deemed owner & liable to pay tax
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Anyone amongst both of them, whose income is greater.

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Question 4 (Volume D)

Deadline for filing corporate tax return is ______________.

Select an option, then click Submit answer.

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30-Nov
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31-Dec
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1-Jan
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1-Apr

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Question 5 (Volume D)

Which of the following option illustrates an advantage of the probate process?

$C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\21342_CTEP_Sheet of New Tables_3002_image023.png$

Select an option, then click Submit answer.

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(i) only
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(ii) and (iii)
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(ii), (iii) & (iv)
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(i), (ii), (iii) & (iv)

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Question 6 (Volume C)

Which of the following statement(s) about “Special Needs Trust” is/are correct?

$C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\13991_U4M2_26275_image001.png$

Select an option, then click Submit answer.

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Both (i) and (ii)
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Only (i)
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Only (ii)
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Neither (i) nor (ii)

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Question 7 (Volume D)

Which of the following is/are the desirable contents of a will?

$C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\21782_U5M4_31957_image025.png$

Select an option, then click Submit answer.

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I, II and III
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II, III and IV
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I, III and IV
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All of these

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Question 8 (Volume D)

In UK, for year 2013-2014, Blind Person’s allowance is ___________ and minimum amount of married couple’s allowance is __________.

Select an option, then click Submit answer.

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£2,610; £3,400
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£2,160; £3,040
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£2,100; £2,960
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£1,980; £2,800

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Question 9 (Volume D)

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

$C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\19184_CTEP_Sheet of New Tables_3002_image003.png$

Select an option, then click Submit answer.

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(i) only
○
(ii) only
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Both (i) & (ii) are correct
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Both (i) & (ii) are incorrect

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Question 10 (Volume C)

What is the full form of DFT?

Select an option, then click Submit answer.

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Discretionary Foundation Trust
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Discretionary Family Trust
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Discretionary Foundation Trustor
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Discretionary Family Trustor

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Question 11 (Volume A)

Wills executed according to __________ of the _____________ are called Unprivileged Wills.

Select an option, then click Submit answer.

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Section 8, Hindu Succession Act 1956
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Section 63, Indian Succession Act 1925
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Section 8, Indian Succession Act 1925
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Section 63, Hindu Succession Act 1956

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Question 12 (Volume A)

_________________ can be used as an alternative to the outright gift and ___________ can be used as an alternative to a traditional short term pledge.

Select an option, then click Submit answer.

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Virtual Endowment Model, Step-Up gift
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Virtual Endowment Model, Philanthropic Equity Builder Model
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Virtual Endowment Model, Family Foundation
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Step-Up Gift, Family Foundation

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Question 13 (Volume D)

A trustee commuting a breach of trust not liable to pay interest except

$C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\21397_CTEP_Sheet of New Tables_3002_image025.png$

Select an option, then click Submit answer.

○
(i) & (ii)
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(ii) & (iii)
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Only (ii)
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All of the above

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Question 14 (Volume B)

In case of self occupied property, higher deduction u/s24(b) for interest on loan for construction can be claimed if borrowing was made

Select an option, then click Submit answer.

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After 1/4/99
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on or after 1/4/99
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Before 1/4/99
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On or after 1/9/2004

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Question 15 (Volume A)

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

$C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\5781_U1M4_15886_image009.png$

Select an option, then click Submit answer.

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All except (iv)
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All except (iii)
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All (i),(ii),(iii) and (iv)
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None of (i),(ii),(iii) and (iv)

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Question 16 (Volume D)

In case where the Filling Status is single, phase-out begin range is ____________ (as in 2013).

Select an option, then click Submit answer.

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$250,000
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$372,500
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$150,000
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$300,000

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Question 17 (Volume D)

The defined period for fraudulent transfers under the Bankruptcy Code was formerly ____________prior to the debtor’s filing for bankruptcy. This period was ____________ by the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers to self-settled trusts may be recaptured if made within _________ of the debtor’s filing for bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud present or future creditors.

Select an option, then click Submit answer.

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One year ; Extended to two years; 2005; 10 years
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Two years; Reduced by one year; 2005; 10 years
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One year; Extended to two years; 2008; 15 years
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Two years; Reduced by one year; 2008; 15 years

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Question 18 (Volume D)

You are a Trust and Estate Planner. Mr. Keith is your client. He is 45 years old. He asks you that in case he wants to leave assets for the life benefit of his spouse, but ultimately have the funds pass to his children by a prior marriage he should create ______________________. He further asks you to explain disadvantages of such arrangement. You tell him that the disadvantages of the arrangement are ____________ of the given options.

$C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\26712_U6M4_6485_image001.png$

Select an option, then click Submit answer.

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Living Trust; All of the above
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Living Trust; All except (iii)
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QTIP Trust; All except (ii)
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QTIP Trust; All except (i)

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Question 19 (Volume D)

Where an estate is liable to Inheritance Taxes, the tax is usually payable within ________________ of the end of the month in which the death occurred. If it becomes overdue, the amount owing may incur interest, currently at ___________ (as at April 2012).

Select an option, then click Submit answer.

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Six months, 3% p.a.
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Three months, 6% p.a.
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Six months, 6% p.a.
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Three months,3% p.a.

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Question 20 (Volume D)

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

$C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\19773_U5M2_34_image021.png$

Select an option, then click Submit answer.

○
(i) only
○
(ii) only
○
Both
○
None of the above

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About the CTEP Free Practice Test

This page holds a free practice test for the Chartered Trust & Estate Planner® (CTEP®) Certification Examination (CTEP) certification from AAFM. The 20 questions are a free sample of the full Study4Pass practice set of 472 questions, so you can check your level before you commit to the real exam. The free sample is made up of 20 single-answer questions, each with a full explanation. Questions are spread across the areas that matter most on the real exam: Financial Planning, Investment Analysis, Corporate Finance and Risk Management. The AAFM Certified Treasury and Enterprise Professional (CTEP) exam is a comprehensive exam designed to assess the knowledge and skills of treasury and enterprise professionals.

The target audience of the AAFM CTEP Exam is business professionals, including financial analysts, portfolio managers, finance executives, and other financial professionals, who are interested in developing their knowledge and… The Prerequisite for AAFM CTEP Exam is a bachelor's degree or equivalent from an accredited college or university, plus two years of professional experience in finance, banking, financial planning, accounting,…

Certification: Chartered Trust & Estate Planner® (CTEP®) Certification Examination (CTEP)
Vendor: AAFM
Free on this page: 20 practice questions with answers and explanations
Full practice set: 472 questions

Treat this sample as a diagnostic. Answer honestly, check the explanation after every question, and note which topics feel shaky. A short, focused review of those topics is worth more than re-reading everything — and the full set lets you drill them topic by topic.

A good way to use this page: take the whole sample in one sitting, then go back over every explanation with fresh eyes. Mark the topics that felt uncertain, not just the ones you got wrong — uncertain answers are unmarked risk on the real exam. One or two focused passes like this usually move a score more than days of passive reading.

Inside the full CTEP practice set:

All 472 questions with answers and explanations
Timed Exam Simulation that mirrors the real exam pressure
Topic Training to drill one domain at a time
Ask AI for More Explanation on every question
Flag questions and review them before you finish

How to use this CTEP free practice test

Answer a question, then check the result to see the correct answer and the explanation behind it. Work at your own pace — there is no timer and no signup. Stuck on a concept? This is an AI-Enabled practice test: use Ask AI on any question and get the underlying concept explained in plain words, so you learn the reasoning instead of memorizing answers. Ready for more? The full 472-question set adds a timed Exam Simulation mode, topic training for your weak areas, and a flagged-question review, so you can practise the way the real exam feels.

What to study for each CTEP domain

Financial Planning — This topic covers the fundamentals of financial planning, including budgeting, goal setting, and risk management.
Investment Analysis — This topic covers the analysis of investments, such as stocks, bonds, mutual funds, and real estate.
Corporate Finance — This topic covers the basics of corporate finance, including financial statements, cash flow analysis, capital structure, and mergers and acquisitions.
Risk Management — This topic covers the fundamentals of risk management, including the identification,

CTEP practice test — quick questions

Is this CTEP practice test free?

Yes — the 20 questions on this page are completely free, with no signup and no payment details needed.

How many questions are in the full CTEP set?

472 questions. The 20 free questions above are a sample of that full set, in the same style and topic balance.

Does the free test show the answers?

Yes — every question shows the correct answer with an explanation, and Ask AI can explain the concept behind a question in plain words if you want to go deeper.