Financial Questions and Answers

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Q31
A meeting of the shareholders held only once during the life time of the company is known as-
  • A Meeting of the Directors
  • B Meeting of the Creditors
  • C Extraordinary General Meeting
  • D Statutory Meeting
Answer: Option D
Q32
For calling the Extraordinary General Meeting a clear notice of ……… days must be given to all the members.
  • A 7
  • B 15
  • C 21
  • D 30
Answer: Option C
Q33
Appointment of a person who is a Director, as a Secretary in the Company would require approval of the company by-
  • A Special Resolution
  • B Ordinary Resolution
  • C Resolution by circulation
  • D None of the above
Answer: Option A
Q34
The first Stock Exchange in India was established in-
  • A Calcutta
  • B Delhi
  • C Bombay
  • D Madras
Answer: Option C
Q35
Blue Chips Shares mean-
  • A Those shares which are listed in Stock Exchange
  • B Those shares whose guarantee is given by Government
  • C Those shares on whom dividend is paid at higher rate regularly
  • D Those shares which are issued at first time
Answer: Option C
Q36
FEMA stands for-
  • A Foreign Exchange Management Act
  • B Funds Exchange Management Act
  • C Finance Enhancement Monetary Act
  • D Future Exchange Management Act
Answer: Option A
Q37
What of the following is false about W.T.O. ?
  • A It is the main organ for implementing the Multilateral Trade Agreement
  • B It is global in its membership
  • C It has far wider scope than GATT
  • D Only countries having more than prescribed level of total GDP can become its member
Answer: Option D
Q38
Convertibility of the rupee implies-
  • A Being able to convert rupees notes into gold
  • B Allowing the value of the rupee to be fixed by marketforces
  • C Freely permitting the conversion of rupee to other major currencies and vice versa
  • D Developing an international market for currencies in India
Answer: Option C
Q39
……… has been founded to act as permanent watchdog on the international trade.
  • A ISRD
  • B ADS
  • C WTO
  • D DIMF
Answer: Option C
Q40
Which of the following statement is correct ?
  • A The disinvestment programme has been successfully carried out in India
  • B Privatisation up to 100% has been carried out in all the PSU in India
  • C Under strategic sale method of disinvestment, the government sells a major share to a strategic partner
  • D None of the above
Answer: Option C

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