New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the primary obligation of the trustee as per the

    Indian Trusts Act, 1882?  
    A To accumulate trust income indefinitely Correct Answer Incorrect Answer
    B To sell the trust property for profit Correct Answer Incorrect Answer
    C To fulfill the purpose of the trust as per the trust deed Correct Answer Incorrect Answer
    D To act solely for personal benefit Correct Answer Incorrect Answer
    E To transfer the trust property immediately to the settlor Correct Answer Incorrect Answer

    Solution

    Under Section 11 , the trustee is duty-bound to execute the trust and fulfill its purpose as explicitly laid out in the trust deed. This includes preserving the trust property and using it for the intended beneficiaries.  

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