Which act restricts the maximum number of partners in a partnership firm that carries banking business to 10 persons? (in India)
A. Partnership Act 1932
B. Banking Regulation Act 1949
C. Companies Act 1956 (Correct)
D. Income Tax Act 1961
Cost of capital from all the sources of funds is called
A. Specific cost
B. Composite cost (Correct)
C. Implicit cost
D. Simple Average cost
Composite cost of capital is a company’s cost to finance its business, determined by, and also referred to as “weighted average cost of capital” or WACC. The calculation involves multiplying the cost of each capital component by its proportional weight and taking the sum of the results.
Which of the following are the forms of E-banking?
i) Internet Banking
ii) Telephone Banking
iii) Electronic Check conversion
iv) Electronic Bill Payment
v) Direct Deposit
A) i, ii, iii and iv only
B) ii, iii, iv and v only
C) i, iii, iv and v only
D) All i, ii, iii, iv and v (Correct)
A machinery is purchased for Rs. 3,00,000 and Rs. 50,000 is spent on its installation. Rs. 5,000 is spent on fuel. What will be the amount of capital expenditure ?
(A) Rs. 3,00,000
(B) Rs. 3,50,000
(C) Rs. 3,55,000
(D) None of these
Answer: Rs. 3,50,000
The types of Business to Business e-commerce are …………….
A) Direct selling and support to Business
B) Industry portals
C) Information sites about an industry
D) All of the above (Correct)
What is the full form of SWIFT?
A) Society for Worldwide Internet Financial Telecommunications.
B) Secret Wide Interbank Financial Telecommunications
C) Society for Worldwide Interbank Financial Telecommunications
D) None of the Above
Answer: C
Society for Worldwide Interbank Financial Telecommunications
Who cannot be a complainant under the Consumer Protection Act 1986 in India?
A. Central/State Governments
B. Recognised Consumer Association
C. A retail dealer (Correct)
D. One or more consumers where there are numerous consumers having the same interest