B.A. LL.B. (Semester (CGPA) Examination Nov/Dec-2018
EQUITY TRUST
Time: 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. Figures to the right indicate full marks.
Q.1
Multiple choice questions:
14
The Bombay Public Trust Act, 1950, received assent of the president on the 1950.
31st March 1950
31st May 1950
31st June 1950
31st August 1950
The person who reposes or declares the confidence is called the
Author of the trust
Settlor
Both a b
None of the above
According to the state government may, by notification in the official gazette, appoint one or more officers to be called Joint Charity Commissioners under Bombay Pubic Trust Act.
Section 2
Section 3
Section 3A
Section 4
He who seeks equity must do
Good conscience
Justice
Equity
None of the above
The working of the maxim, "Equity looks on that as done which ought to be done" can be seen in
The doctrine of conversion
Executory contracts
Doctrine of part performance
All the above
The first certainty with regard to the creation of a valid trust is the of the settlor to create a trust.
Z
purpose of trust
the beneficiary
Both a b
imperative intention
As per the trustee who commits a breach of trust is liable to make good the loss which the trust property or the beneficiary has thereby sustained.
Section 22
Section 23
Section 24
Section 27
A trust is when a further instrument is necessary to carry into effect the general intention expressed in the first instrument.
Executed
Executory
Both a b
None of the above
Section 33 of the Bombay Public Trust Act, provides for
Trustees of certain trusts to submit budgets to charity commissioner
Maintenance of accounts
Balancing and auditing of accounts
All the above
Page 2 of 2
SLR-HJ-78
10) The first foremost duty of a trustee is to the trust.
Execute
Not to set up title
Protect
Exercise reasonable care
11) Trustee cannot renounce after acceptance except by virtue of power in the instrument of trust.
Simple
Social
Special
General
12) According to section 59 of Indian Trust Act, the has the right to sue for execution of the trust.
Settle
Trustee
Beneficiary
All the above
13) Section 66 of the Bombay Public Trust Act, lays down provisions relating to
Public trust administration fund
Penalties as recovery of contribution
Other offences
Penalties
14) Equity follows the
Law
Justice
Remedy
None of the above
Q.2
Discuss the rights and liabilities of beneficiaries under the Indian Trust Act.
14
Q.3
Explain the maxims:-
14
Delay defeats equities
Equity will not suffer a wrong to be without a remedy.
OR
State and explain the essential for creation of valid trust under Indian Trust Act.
Q.4

Write short note on any two out of three:
08
Doctrine of Cy-pres
Appointment of New Trustee
Difference between Public and Private trust

Write note Extinction of Trust
06
Q.5
Answer in short:- (Any
14
Resulting trust
Define trust
Advantage by qualified owner
Offences penalties
Right to reimbursement
Disabilities of Trustees
Illusory Trust
Special trust
Precatory trust
Power to varying of Investments.