Correct Answer:- Option-D

Question82:-Shareholders can authorize buy back
financial year.
A:-By resolution upto 10%
B:-By resolution upto 25%
:-By special resolution upto 10%
D:-By special resolution upto 25%
Correct Answer:- Option-D

Question83:-Credit terms are 2/10, Net 30. 25% of the credit customers avail cash discount facility. Average collection
period will be

A:-2 days

B:-10 days

C:-25 days

D:-30 days

Correct Answer:- Option-C
Question84:-Government Bond is a
A:-Short term security
-Medium term security

C:-Long term security

D:-Any of three

Correct Answer:- Option-C
Question85:-Current ratio is 2:1. What will be the effect on current ratio if bills receivable is endorsed to creditors

A:-Improve

B:-Decline

C:-No effect

D:-Cannot be determined

Correct Answer:- Option-A

Question86:-..... is a legal concept that gives courts the power to interpret the terms of a will, gift, or charitable trust so that
unused funds could flow to the next best beneficiary.

A:-Doctrine of Eclipse

B:-Doctrine of Cypres

C:-Doctrine of Nullification
D:-Doctrine of Indoor Manaagement
Correct Answer:- Option-B

Question87:-..... is the practice of funding a project or venture by raising small amounts of money from a large number of
people, usually through the Internet.

A:-Crowd funding
B:-Payment bank
C:-Small funding
D:-Private placement
Correct Answer:- Option-A
Question88:-..... takes into account loopholes of law
A:-Tax planning
-Tax avoidance
C:-Tax evasion
D:-Tax Management
Correct Answer:- Option-B

Question89:-A registered person cannot move goods without an e-way bill when a movement of goods is of more than...... in
value

A:-Rs.50,000

B:-Rs.25,000

C:-Rs.5,000

D:-Rs.2,500

Correct Answer:- Option-A

Question90:-..... is a negotiable money market instrument and is issued in dematerialized form or as a Usance Promissory
Note, against funds deposited at a bank or other eligible financial institution for a specified time period.

A:-Certificates of Deposit
B:-Commercial Paper

C:-Interbank participation certificate
D:-Repo instrument

of the total paid-up capital and free reserves of the company ina