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54.

55.

56.

57.

58.

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60.

61.

is the process of investment by which a sponsor or syndicate of investors
making direct investment in a company.

A) Tender method B) Bought out deals
C) Offer for sale D) Private placement

Supervise and control the functioning of stock exchange
A) SEBI B) RBI C) BSE D) None

Which is not a function of capital market ?
A) Promotion of savings and investment
B)

C) Providing liquidity to investors
D)

Efficient allocation of funds among competing uses

Helps to avoid wide seasonal fluctuations in the interest rates

Which of the following cases, income from previous year is assessed in the previous
year itself ?

A) Aperson in employment

B)

C) A person who is running charitable business
D)

A person engaged in illegal business

A person leaving India permanently

Long term capital loss can be set off from which of the following ?
A) Short term capital gain only B) Long term capital gain only

C) Income from business and profession D) Capital gain head of income

In which of the following long term assets, cost indexation benefit is allowed ?
A) Debentures issued by the company B) Self generated goodwill of a business
C) Bonus shares alloted on April D) Jewellery

Calculate the gross annual value from the following details :

Municipal value % 45,000. Fair rental value ¥ 50,000. Standard rent = 48,000.
Actual rent = 42,000.

A) ₹ 50,000 B) ₹ 48,000 C) ₹ 45,000 D) ₹ 42,000
Minimum Alternative Tax (MAT) is imposed on which of the following ?

A) All companies B) Public limited companies only

C) Private limited companies only D) Partnership firms and companies

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