NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 408 - 410 of 1264

Access detailed explanations (illustrated with images and videos) to 1264 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. Subscription can be renewed yearly absolutely FREE! View Sample Explanation or View Features.

Rs. 550.00 or

How to register?

Question number: 408

» International Business » Foreign Exchange » Mechanism and Risk Management

Edit

Appeared in Year: 2016

Assertion-Reason▾

Question

Assertion (Ꭺ)

Under FEMA, the receiver of laundered money is to be made culpable, instead of sender/distributor. (July Paper 3)

Reason (Ꭱ)

FEMA differs from the earlier exchange regulation Act FERA with regard to penalties and punishment in case of violation of the Act.

Choices

Choice (4) Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is false but Ꭱ is true

d.

Both Ꭺ and Ꭱ are false

Question number: 409

» Accounting and Finance » Derivatives and Options

Edit

Appeared in Year: 2016

MCQ▾

Question

In case a farmer in India buys a wheat option on future:

(i) The farmer must accept a wheat futures contract and not take physical possession of wheat.

(ii) The farmer must accept delivery of the wheat at a higher price.

(iii) The farmer has the right to deliver the wheat and will do so only if the price is favorable.

(iv) The farmer must deliver the wheat at market price.

(July Paper 3)

Choices

Choice (4) Response

a.

(iv)

b.

(iii)

c.

(ii) and (iii)

d.

(i) and (iv)

Question number: 410

» Accounting and Finance » Accounting Standards in India

Edit

Appeared in Year: 2016

MCQ▾

Question

Within how much period from the close of accounting year, bonus must be paid, if there is no dispute about the payment of bonus? (July Paper 3)

Choices

Choice (4) Response

a.

Ten months

b.

Two months

c.

Six months

d.

Eight months

Developed by: