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Business Services Test - 20

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Business Services Test - 20
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Weekly Quiz Competition
  • Question 1
    1 / -0
    An outstanding bonds are also classified as _______________.
  • Question 2
    1 / -0
    An assessee has paid life insurance premium of Rs. 25, 000 during the previous year for a policy of Rs. 1, 00, 000. He shall __________________________.
  • Question 3
    1 / -0
    Financial security issued by banks operating outside U.S is classified as ______________.
  • Question 4
    1 / -0
    RBI revised premature deposit rules of which type of accounts?
  • Question 5
    1 / -0
    When can the proper officer issue summons to call upon a person?
    Solution

    The appropriate official beneath this Act shall have the power to summon any person whose attendance he considers necessary moreover to give evidence or to produce a text or any other thing in any investigation in the same manner, as provided in the case of a civil court under the requirements of the Code of Civil Procedure, 1908.

  • Question 6
    1 / -0
    Select the proper option from the probable option given below and rewrite the complete statements:
    In India, railways are owned and managed by _____.
    Solution
    Indian railways is a publicly owned company controlled by the Government of India, via Ministry of Railways. 
  • Question 7
    1 / -0
    Under which of the following type of account is a specified amount deposited every month for a specified period, says, 12, 24, 36 and 60 months?
  • Question 8
    1 / -0
    The tax liability up to the date of transfer of business will be on _____________.
  • Question 9
    1 / -0
    'Salvage Charges' is related to ________________.
    Solution

    Salvage charges mean the charge recoverable under maritime law by a salver separately of contract. They do not include the payment of services in the natural world of salvage render by the guaranteed or his agents, or any person employed for hire by them, for the reason of averting a peril insured against. Such expenses were properly incurred, may be improved as exacting charges or as a general average loss, according to the situation under which they were incurred.

  • Question 10
    1 / -0
    Retail employees typically use_________ terminals to process sales transactions.
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