LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True/False
Question If the company buys back its own shares, it shall not make
further issue of Bonus shares within a period of 24 months
Correct Answer False

Your Answer False

Multiple Choice Multiple Answer

Question The collection programme of the firm consists of

Correct Answer Maintaining the state of receivables , Dispatch of letters to

customers whose due date is approaching , Telegraphic and
Telephonic advice to customers around the due date
Your Answer Maintaining the state of receivables , Dispatch of letters to
customers whose due date is approaching , Telegraphic and
Telephonic advice to customers around the due date

True/False
Question Private limited company can commence business immediately
on incorporation
Correct Answer True

Your Answer True

Select The Blank

Question The component of interest payment only is debited to Profit and
Loss account in case of higher charges whereas the payment
against the capital repayment reduces ________ for the hirer
Correct Answer Liability

Your Answer Asset

Multiple Choice Single Answer

Question The company can raise the funds in the form of Public deposits
which can be used
Correct Answer For any purpose

Your Answer For any purpose

Select The Blank

Question If the process of capital rationing is strictly followed then there
will be avoidance of ________ projects
Correct Answer smaller

Your Answer smaller

Multiple Choice Multiple Answer

Question Factoring can be classified as

Correct Answer Without Recourses factoring , With Recourse factoring