Correct Answer:- Option-D

Question52:-A balance of payment surplus leads to of foreign currency
but an of the currency of the home country

A:-Depreciation, Appreciation
B:-Appreciation, Depreciation
C:-Depreciation, Devaluation
D:-Appreciation, Devaluation
Correct Answer:- Option-A

Question53:-Purchasing Power parity theory of Foreign Exchange Reate
determination based on the assumption of

A:-Law of premium price
B:-Law of one price
C:-Law of Least price
D:-Law of favorable price
Correct Answer:- Option-B

Question54:- is an agreement between two parties to exchange cash flows
in future and the cash flows are based on underlying instruments

A:-Future
B:-Forward
C:-Swap
D:-Index
Correct Answer:- Option-C
Question55:-Section 56-59 of the Income tax Act deals, with the computation of
A:-Income from House property
B:-Income from Capital Gains
C:-Income from other sources
D:-Profit and Gains from Business or profession
Correct Answer:- Option-C

Question56:-Mr A an Indian citizen purchased 1000, zero coupon Bonds, on january
2022 for Rs. 2,00,000. On february 2023 he sold it for Rs. 3,00,000. the correct
answer is

A:-The gain effected Rs. 1,00,000 is a short term capital gain
B:-The gain effected Rs. 3,00,000 is a Long term capital gain
C:-The gain effected Rs. 1,00,000 is a Long term capital gain
D:-The gain effected Rs. 3,00,000 is a Short term capital gain
Correct Answer:- Option-C

Question57:-As per the finance Bill 2023 the basic exemption limit under the new
regime is