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Sources of Business Finance Test - 43

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Sources of Business Finance Test - 43
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Weekly Quiz Competition
  • Question 1
    1 / -0
    A bond which is not secured by any asset or collateral is known as..........
  • Question 2
    1 / -0
    A government agency which keeps control of introduction of new plants in India 
    Solution
    1. On 16 July 1929 Indian Council of Agricultural Research was founded which is presently working in the field of botany to improve the quality of plants in India.
    2. NSC stands for National Citizen Service was established in 2011 for the betterment of society.
    3. The National Bureau of Plant Genetic Resource is founded under ICAR in 1976 to improve the genes of the plants.
    4. ICRISAT is the International Crop Research Institute for the Semi-arid Tropics is a non-profit organization that conducts research for improvement in drylands of Asia and sub-Saharan Africa.

    So the correct option is the "Indian Council of Agricultural Research".
  • Question 3
    1 / -0
    ______ refers to that portion of total deposits of a commercial bank which it has to keep with itself in the form of liquid assets.
    Solution
    Statutory Liquidity Ratio refers to the proportion of deposits the commercial bank is required to maintain with them in the form of liquid assets in addition to the cash reserve ratio.
  • Question 4
    1 / -0
    An unsecured bond that provides no lien against property as security for bond obligation is classified as _____________.
  • Question 5
    1 / -0
    An official entity that represents bondholders and ensures stated rules in indenture is classified as __________.
    Solution
    An official entity that represents bondholders and ensures stated rules in indenture is classified as trustee. A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for a wide variety of purposes, such as in the case of bankruptcy, for a charity, for a trust fund, or for certain types of retirement plans or pensions.
  • Question 6
    1 / -0
    Which of the following is the external user of financial statements?
  • Question 7
    1 / -0
    Find the correct match of finance organization and their headquarters?
  • Question 8
    1 / -0
    Consider the following statements _______________.
    1. Letter of credit cannot be opened by mail.
    2. Contracts of export of goods and services against payment to be secured partly or fully beyond 90 days are treated as deferred.
  • Question 9
    1 / -0
    Long-term equity anticipation security is usually classified as ______________.
  • Question 10
    1 / -0
    Bancassurance is ___________________.
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