Description : Which among the following is not a preventive detention act? (1) Terrorist and Disruptive Activities (Prevention) Act (TADA) (2) Prevention of Terrorism Act (POTA) (3) Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA) (4) Foreign Exchange Regulation Act (FERA)
Last Answer : (4) Foreign Exchange Regulation Act (FERA) Explanation: The Foreign Exchange Regulation Act (FERA) which was passed by the Indian Parliament in 1973 imposed stringent regulations on dealings in foreign ... exchange and the import and export of currency. Ti was not a preventive detention act.
Description : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above
Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.
Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above
Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.
Description : “Hawala transactions” in India are prohibited under the provision of which of the following acts? A. Banking Regulation Act B. Financial Action Task Force Act C. Foreign Exchange Management Act D. All of the Above E. None of the above
Last Answer : C. Foreign Exchange Management Act Explanation: ―Hawala transactions‖ in India are prohibited under the provision of Foreign Exchange Management Act.
Description : The customs control based on the Indians customs act 1962 is for a) The imposition of export or import duties b) For ensuring the observance of the provisions of import and export control act c) For ensuring the observation of foreign exchange regulation act d) All of the above
Last Answer : d) All of the above
Description : Which statute governs external commercial borrowing? e) Foreign Exchange Maximization Act, 1972 f) Foreign Exchange Management Act, 1999 g) Foreign Exchange Minimization Act, 2004 h) Foreign Exchange Regulation Act, 1972
Last Answer : f) Foreign Exchange Management Act, 1999
Description : A Credit Bureau is governed by _________ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange ... of India (Credit Rating Agencies) Regulations, 1999 E. Credit Information Companies (Regulation) Act of 2005
Last Answer : E. Credit Information Companies (Regulation) Act of 2005 Explanation: A Credit Bureau is governed by the Credit Information Companies (Regulation) Act of 2005.
Description : Institutional agencies grant financial assistance to small scale industries for _________. A. participation in equity capital only. B. acquisition of fixed assets. C. working capital assistance. D. all of the above.
Last Answer : D. all of the above.
Description : Which of the following constitutes Foreign Direct Investment? A. A speculator trying to make a profit by buying company shares on a foreign stock exchange. B. A UK energy company buying territory ... D. A company signing an agreement with a wholesaler to distribute its products in foreign markets.
Last Answer : A tourist purchasing foreign currency to spend on a holiday abroad.
Description : Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at ___________. A. 6% p.a. B. 6% p.m. C. 5% p.a. D. 5% p.a.
Last Answer : A. 6% p.a.
Description : What are key trends in auto repair and small engine repair industries?
Last Answer : Supposedly this is a career that will not disappear. However, I read that it may require college or tech school as vehicles become more electronic.
Description : Under which Act are the KYC norms implemented? A. SEBI Act 1992 B. Foreign Contribution and Regulation Act, 1976 C. Prevention of Money laundering Act 2002 D. Banking Regulation Act, 1949 E. Both (C) and (D)
Last Answer : C. Prevention of Money laundering Act 2002 Explanation: KYC guidelines/instructions are issued under under Prevention of Money laundering Act PMLA, 2002.
Description : The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881
Last Answer : D. The Negotiable Instruments Act, 1881 Explanation: The Negotiable Instruments Act, 1881 – An Act to define and Law relating to negotiable instruments which are Promissory Notes, Bills of Exchange and cheques.
Description : SMERA has been registered under _______ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. None of these
Last Answer : D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Explanation: SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.
Description : The latest government regulation in the telecommunication which provides policy for the provision of local exchange carrier service. A. E.O. 546 B. E.O. 109 C. Act 3948 D. E.O. 59
Last Answer : B. E.O. 109
Description : A government regulation in telecommunication which provide policy to improve the provision of local exchange carrier service. A. E.O. 109 B. Act 3846 C. E.O. 59 D. E.O. 546
Last Answer : A. E.O. 109
Description : Co-operative banks are regulated by the Reserve Bank of India under _________ A. Banking Regulation Act, 1949 B. Banking Laws (Application to Co-operative Societies) Act, 1965 C. Both (A) and (B) D. Negotiable Instrument Act–1881 E. None of the Above
Last Answer : C. Both (A) and (B) Explanation: Co-operative banks are regulated by the Reserve Bank of India under the Banking Regulation Act, 1949 and Banking Laws (Application to Co-operative Societies) Act, 1965
Description : The rules framed in the Clayton‟s case have been incorporated in _________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. None of the Above
Last Answer : D. Indian Contract Act, 1872 Explanation: The rules framed in the Clayton‘s case was incorporated in Section 59 of the Indian Contract Act, 1872.
Description : CERSAI was registered as a government-licensed company, under section 25 of _________ A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Banking Regulation Act, 1949 D. Both (A) and (B) E. None of these
Last Answer : B. Companies Act, 1956 Explanation: Central Registry of Securitisation Asset Reconstruction and Security Interest of India is a company licensed under section 25 of the Companies Act, 1956
Description : The Foreign exchange of India is kept with _________ A. SBI B. ECGC C. RBI D. NABARD E. other than those given as options
Last Answer : C. RBI Explanation: Reserve Bank of India accumulates foreign currency reserves by purchasing from authorized dealers in open market operations. Foreign exchange reserves of India act as a cushion against rupee ... Currency Assets (b) Gold (c) SDRs (d) Reserve Tranche Position in the IMF.
Description : _________ is an account maintained in foreign currency with an Authorised Dealer Bank. A. Exchange Earners Foreign Currency Account B. Exchange Eligible Foreign Currency Account C. Earners ... Account D. Earners Exchange Foreign Currency Account E. Equity Exchange Foreign Currency Account
Last Answer : A. Exchange Earners‟Foreign Currency Account Explanation: Exchange Earners‘ Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer Bank (Category – I Bank) in foreign exchange.
Description : The major responsibility of RBI is __________. A. healthy regulation. B. monetary regulation. C. work regulation . D. industrial regulation.
Last Answer : B. monetary regulation.
Description : A lien which is available only against that property of which the skill and labour have been exercised (a) General Lien (b) Particular Lien (c) Ordinary Lien (d) Both (a) & (b)
Last Answer : (b) Particular Lien
Description : ___________ occupies the central place in business. A. People. B. Raw material. C. Labour. D. Finished goods.
Last Answer : B. Raw material.
Description : If you lay off an employee do any costs go up for the owner?
Last Answer : Well off the top of my head it will cost you more in labour as other employees have to make up the difference meaning more over time ect,ect. If you are worried about them and unemployment benefits make sure they have enough hours to qualify for those benefits.
Description : Imagine you are a part owner in a store with two other people...
Last Answer : The first thing to do is to talk the other partners about the issue and see if it can be resolved. It sure seems like the new person’s soap should not be being sold in the store and hopefully the other two partners will agree.
Description : Is it legal in Canada if a business owner wants to personally work 20 hours a day, 7 days a week, 364 days a year without pay?
Last Answer : answer:Why isn’t he working the 365th day? Must be a slacker! I am no expert in Canadian law, but in the US, a business owner can do anything he wants in this regard. No one can tell him how many hours he can work, if he owns the place.
Description : My girlfriend left her car/house/work keys at a local bar, last night. The owner (after she called him) said that he "if he feels like it, he'll go and look for the keys." What would you do?
Last Answer : answer:You’re kind of at his mercy. What’s in it for him, other than just being a nice guy? And what happens if you search the bar only to realize her keys aren’t there? Make sure you convey the desperation of your situation as well as your appreciation for him going out of his way.
Description : If you were a business owner, what would you do if your employees were badmouthing your company?
Last Answer : I would make them eat dirt.or clay ;)
Description : Do you think it will be bad for Segway sales that the owner of the company died when he drove one off a cliff?
Last Answer : Nope! I bet their sales go crazy! I knew about those vehicles they buzz around cities on but I did not know that they had these off road versions like the one the owner was riding when he went sailing off ... and I am sure a lot of other people will now want one too! No such thing as bad publicity!
Description : Is a store owner legally obligated to serve all customers?
Last Answer : Does the business owner have a sign that says: We reserve the right to refuse service to anyone for any reason ? I don't mean to be smarmy, but I have seen these signs many times in my life ... our property. Once I had a manager who refused service to one of her ex-boyfriends for cheating on her.
Description : What is the best way to ask a business owner if his/her business is for sale or if they would be interested in selling their business?
Last Answer : answer:Explain why you're interested in buying it, then what the benefits would be for them in selling to you - then ask if they're interested. Of course, if you don't wish to disclose too much up ... are in the market for such a business and their name came up and ask for their view on the matter.
Description : A bailment allows an owner of a personal property to transfer possession of it to another individual for any one of the following purpose; except: a) Sale b) Transportation c) Storage d) Lease
Last Answer : d) Lease
Description : A transaction in which an owner of a tangible personal property transfers the property such property is known as: a) Bailment b) Pledge c) Hypothecation d) Lease
Last Answer : a) Bailment
Description : What is the right of the bailee against the goods (a) Owner (b) Possessor (c) Bailee can sell those goods (d) Both (a) & (b)
Last Answer : (b) Possessor
Description : A person finds certain goods belonging to some other persons. In such a case, the finder (a) Becomes the owner of that good (b) Is under a duty to trace the real owner (c) Can sell that good if true owner is not found (d) Both (b) & (c)
Last Answer : (d) Both (b) & (c)
Description : What is the full form of 'FERA' ? -How To ?
Last Answer : The full form of 'FERA' is Foreign Exchange Regulation Act
Description : 1. (a) FERA was replaced by FEMA
Last Answer : Arrange in proper order: 1. (a) FERA was replaced by FEMA (b) Shortage of foreign exchange (c) Introduction of ... , a, b, d (iv) d, a, c, b
Description : Which is true for existing Economic and Industrial policies of Indian Government ? (i) FERA was abolished (ii) MRTP was abolished (iii) Cash compensatory support for export was abolished (iv) Industrial Licensing (except a few ... (iii) and (iv) C. Only (iii) and (iv) D. Only (ii) and (iii)
Last Answer : C. Only (iii) and (iv)
Description : FERA has been replaced by (a) FINA ; (b) FEMA ; (c) FENA ; (d) MRTP
Last Answer : (b) FEMA ;
Description : The self-employed in a developing country who are engaged in small scale labour intensive work belong to the - (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector
Last Answer : (2) Primary sector Explanation: Such a scenario is seen in the case of primary economic activities such as agriculture in the developing countries like India. Most of the primary activities are labour ... volume of man-power substitutes the lack of technology. Besides, farmers are 'self-employed.'
Description : The self-employed in a developing country who are engaged in small scale labour intensive work belong to the (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector
Last Answer : Primary sector
Description : The child labour (Prohibition and Regulation) Bill passed in – (i) 1985 (ii) 1986 (iii) 1987 (iv) 1988
Last Answer : ii) 1986
Description : Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.
Last Answer : Cheap International transport.
Last Answer : Currency crises.
Description : Prostaglandins play pathophysiological role in the following except: A. Patency of ductus arteriosus B. Regulation of renal tubular salt absorption C. Ventricular remodeling after myocardial infarction D. Initiation of labour
Last Answer : C. Ventricular remodeling after myocardial infarction
Description : The liberalization of the rules relating to FDI permitting _______% equity in wide range of Industries. A. 50. B. 51. C. 52. D. 53.
Last Answer : B. 51.
Description : Governments policy towards industries is called as ________. A. economic policy. B. industrial policy. C. monetary policy. D. work policy.
Last Answer : B. industrial policy.
Description : How did the small-scale industries predominate in India? -SST 10th
Last Answer : While factory industries grew steadily after the war, large industries formed a small segment of the economy. Most of them were located in Bengal and Bombay. . Over the rest of the ... thread wiped out the spinning industry in the 19th century, handloom cloth production survived, despite problems.
Description : Distinguish between the large-scale and small-scale industries. -SST 10th
Last Answer : Distinguish between Large scale and Small scale industries: