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Indian Economy Test 86

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Indian Economy Test 86
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  • Question 1
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    What happens when a bond becomes due?
  • Question 2
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     In abc classification of inventory maximum attention has to be paid on
  • Question 3
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    Which best describes the benefits of renting a home?
  • Question 4
    1 / -0
    Which account is not a liability account?
  • Question 5
    1 / -0
    Which economic indicator describes the process of generally declining prices?Which economic indicator describes the process of generally declining prices?
  • Question 6
    1 / -0
    Which of the following would not be considered an input in the airline in the business?
  • Question 7
    1 / -0
    What is the difference between the actual output and generated output known as?
  • Question 8
    1 / -0
    Which of the following does not fit with an efficient supply chain
  • Question 9
    1 / -0
    Which of the given options is not a accounting principle
  • Question 10
    1 / -0
    Consider the following statements:
    $$1.$$ Foreign Exchange Management Act (FEMA) was passed in $$1991$$ to replace Foreign Exchange Regulation Act.
    $$2.$$ FEMA serves to make transactions for external trade (exports and imports) easier.
    Which of the statements given above is/ are correct?
    Solution
    The Government notified the Foreign Exchange Management Act (FEMA) 1999, to replace the Foreign Exchange Regulation Act (FERA), 1974. After the amendment of FERA in 1993, it was decided that the act would become the FEMA. This was done in order to relax the controls on foreign exchange in India, as a result of. FEMA served to make transactions for external trade and easier – transactions involving current account for external trade no longer required RBI’s permission. 
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