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CTFA Exam
Format
Exam Name: ABA Certified Trust and
Fiduciary Advisor (CTFA)
Exam Code: CTFA
Duration: 240 mins
Number of Questions: 200
Passing Score: Pass/Fail
Practice Exams: ABA CTFA Certification
Practice Exam
CTFA Questions
ABA CTFA
Get a glimpse of the actual
exam questions with the
help of these sample
questions.
Q1. John creates a trust with income during life to Sam, the remainder to Sue. John
retains the right to amend or revoke the agreement. Sue will have to disclaim her
interest in the trust within 9 months of:
Options:
a) John's death
b) Sam's death
c) The creation of the trust
d) The appointment of the executor or administrator of Sam's estate
Answer:
a) John's death
Q2. Which of the following was not suggested by John Maynard Keynes as a reason
for holding cash?
Options:
a) Speculative motive
b) Investment motive
c) Precautionary motive
d) Transaction motive
Answer:
b) Investment motive
Q3. _____________ is an insurance specialist who works for the insurance company
as an independent adjustor or for an adjustment bureau, to investigate claims.
Options:
a) Personal liability umbrella
b) Captive agent
c) Independent agent
d) Claims adjuster
Answer:
a) Personal liability umbrella
Q4. When premium income less return premiums arising from policies issued or
other contracts entered into to reinsure other insurance entities that provide the
related primary coverage are called:
Options:
a) Indirect premiums
b) Direct premiums
c) Assumed reinsurance premiums
d) Real reinsurance premiums
Answer:
c) Assumed reinsurance premiums
Q5. Whole life insurance is a life insurance designed to offer ongoing insurance
coverage over the course of an insured’s entire life. The noteworthy advantage of
whole life insurance is:
Options:
a) It’s a low-load life insurance
b) One can budget premium payments for a long period
c) Premium payments contribute towards building an estate
d) These are sold only by agents
Answer:
c) Premium payments contribute towards
building an estate
Do ABA CTFA Practice Tests Help
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Yes, Trust and Fiduciary Advisor practice tests are
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