Finance, Forex and Investments

i need key for the objective questions of licentiate exam.?

True/False 1.Recession is caused essentially by the flow or availability of money in relation to the availability of goods:- 2.Minor ports are managed by central govt:- 3.Insurance business is a knowledge based business:- 4.Chambers of Commerce are usually constituted separately for geographical areas.:- 5.The carriers Act 1865 defines the rights and liabilities of shipping companies.:- 6.The solatium fund for Hit & Run accidents compensation is financed entirely by central govt. 7.Bank rate is the rate which the RBI lends to bank:- 8.A derivatives transaction dose not transfer ownership but promises ownership on future date. 9.IRDA regulation applies to Postal Life business:- 10.Provisions relating to nomination applies to general insurance policies:- 11.The MD of insurance company is eligible to receive profit commission:- 12.Life insurance funds refers to total of all the assets of a life insurer. 13.Leasing companies do the same business as hire purchase companies:- 14.Derivatives are financial contract:- 15.Parties to a transaction in stock exchange have to physically present:- 16.Multimodal transportation is relevant only in case of international trade:- 17.Bill of entry is a document which is evidence of contract of carriage between shipper & shipping company:- 18.When mate’s receipt for goods is issued by the captain of the ship there is no need for bill of landing:- 19.A general area Licence from the government of india is required for exports from India:- 20.Mercantile agents earn commission for their services but do not obtain ownership of the goods:- 21.Warehouse keepers have a lien on the goods for the charges payable to them:- 22.Auctioneers have a lien on the goods for the charges payable to them:- 23.Exchange control Regulations of RBI apply only to re-insurance business not to Insurance business:- 24.The public liability Insurance Act 1991 provides for compulsory insurance on “no-fault liability” basis:- 25.The function of railways claims Tribunals are to deal with claim s for cargo loss as well as for personal injury:- 26.Lok Adalat deal with pending cases with motor accidents claim where no defence available to insurers & liability of drivers is more or less certain:- 27.A chambers of commerce is a chamber where commerce take place:- 28.A multinational company is registered as such as company act:- 29.Financial Institutions have become less important since 1990’s:- 30.An IPO states the price at which the shares are offred:- 31.An office is a place where business are transacted:- 32.Banks are not allowed to transact insurance business:- 33.Fees in educational institutions are adequate to meet the costs of education:- 34.The accounts of company are audited by its Audit Committee:- 35.The ombus person is not a judicial authority:- 36.A common seal of the company is used:- 37.The multi-modal transport operators liability is limited to the total loss of goods:- 38.The GIC role has become that of a national re-insurer:- 39.If the employee is found to be guilty, the employer may also be liable for punishment:- 40.Debenture holders are creditors of the company:- 41.Digital signature are permitted & recognized by law:-

Public Comments

1. You don't need a "key", you need to do your own homework. Penn Foster