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47.

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Which of the following is not an objective of Competition Act, 2002 ?
A) To prevent practices having adverse effect on competition

B) To prevent foreign entry to domestic market

C) To promote and sustain competition in the market

D) To ensure freedom of trade carried on by other participants

Under what circumstances a banking company can be wound up ?
A) For submitting false or inaccurate returns

B) When it fails to submit returns

C) When itis unable to pay its debts

D) All of these

What is the quorum for meetings in case of public company, if the number of members
as on the date of the meeting exceeds five thousand ?

A) Seven members B) Twenty-five members

C) Fifteen members D) Thirty members

When the goods are identified after the contract of sale as per the terms of agreement,
the goods are called

A) Specific goods B) Ascertained goods

C) Unascertained goods D) Future goods

Under ‘free pricing of shares’ SEBI permits the companies to issue shares
A) At free of price 8) At a discount C) At any price D) Bonus shares

The permission to issue a greater number of shares than what it is actually offered
by a company through prospectus

A) Green shoe option B) Book building
C) Sweat equity D) Preferential issue
NFRA stands for

A) National Financial Reporting Authority
B) National Financial Reporting Agency

C) National Financial Reporting Association
D) National Financial Rating Agency

Under stock and debtors system, the account which gives profit and loss of each
Branch is

A) Trading and Profit and Loss Account
B) Branch Debtors Account

C) Branch Account

D) Branch Adjustment Account