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Time 3 hours
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(b) It is an account maintained by an Indian bank with a bank in foreign country in foreign
currency
It is an account maintained by a Indian Bank Branch with a Foreign Bank in Foreign
currency.
(d) It is an account maintained by a Foreign bank Branch with a Indian bank in foreign
currency.
9. Commercial papers is a:
(a) Medium term source of finance
(b) Long term source of finance
(c ) short term source of finance
(d) none of the above.
10. Which of the following statements are true/false?
(i) Factoring is a method of financing where a firm sells its trade credit at discount to a
financial institution
(ii) A factoring arrangement can be both with recourse and as well as without recourses.
(a) i only
(b) ii only
(c ) both i & ii
(d) none.
11. The following are not a part of the organized sector of Financial institutions:
A. Banking institutions
B. Non banking institutions
C. Indigenous bankers
D. Insurance and housing finance companies
Money market
B.
Capital Market
C.
Secondary market
D.
Primary market
2.
3.
4.
6.
Explain the present Scenario of the financial services in India and also
agreement?
8.
9.
examples.
10.
staff and other related exp. such as telephone etc. these costs can be avoided. A factor
services are available @2% commission. He will pay up to 90% of the credit sales on
which firm can earn an interest of 18% p.a.
1. Advice the firm about factoring service.
2. It msakes sense for the companies that pay no taxes to lease from companies that do
explain