Which act regulates the name of the company?

A. Essential commodities act.

B. Indian contract act.

C. Trade marks act.

D. Companies act.

What is a contract?

A. An agreement between two or more parties which creates no obligation to do a particular thing.

B. A contract is an agreement between two or more parties that does not establish an enforceable legal relationship.

C. Contract consists of reciprocal promise that the law will not enforce.

D. A contract is the result of a promise to do a certain thing in exchange for a promise from on their person.

If an assessed earns rent from a sub-tenant in respect to tenanted property let out as a residence, the said rent is:

A. Exempt under Section 10.

B. Taxable under the head income from house property.

C. Taxable as business income, as the letting out is a commercial activity.

D. Taxable as income from other sources, unless the assessed is in the business of subletting properties on a regular basis.

Tax exemption limit for the lump sum received towards Leave encashment on retirement is at _______________

A. Rs. 3.5 lacs

B. Rs. 3 lacs

C. Rs. 2.4 lacs

D. Rs. 2 lacs

NRIs can purchase KisanVikasPatra

A. True

B. False

Which among the following is not an advantage of setting up a trust?

A. Allows for orderly distribution of assets and income following death

B. Ensures that the estate poses to the intended beneficiaries

C. Tax planning

D. Protects against money laundering

Current ratio is

A. Current Cash / Current liabilities

B. Current Assets / Current liabilities

C. Current Liabilities / Current assets

D. None of the above

The presence of _____ in financial markets leads to adverse selection and moral hazard problems that interfere with the efficient functioning of financial markets.

A. non-collateralized risk

B. free-riding

C. asymmetric information

D. costly state verification

A “Mass Affluent” segment client has investible assets worth of

A. $50,000

B. $100,000

C. $200,000

D. None of the above

Possession of the mortgaged property is not delivered to the mortgage in ……………

A. Equitable mortgage

B. Balloon mortgage

C. Simple mortgage

D. None of the above

Which one of the following Provisions of the Transfer of Property Act relates to ’usufructuary mortgage’

A. Section 58 (a)

B. Section 58 (b)

C. Section 58 (d)

D. Section 58 (e)

Multi period hedging is ________

A. A way to manage qualitative risk over time

B. A way to manage market risk over time

C. A way to manage sentimental risk over time

D. None of the above