Classical

Banking and Financial Institutions - Banking and Financial Institutions Questions Multiple Choice Questions

36:  
Minimum Alternative Tax (MAT) under sec. 115 JB of the income tax act is applicable on
A.

Partnership firm

B.

Association of persons

C.

Certain companies

D.

All types of companies

 
 

Option: C

Explanation :


37:  
NABARD has been established on the recommendation of
A.

Talwar committee

B.

Tandon committee

C.

Narasimhan Committee

D.

Shivaraman committee

 
 

Option: D

Explanation :


38:  
The provision of General Reserve Banking companies are made keeping in view the provisions of
A.

Indian Companies Act, 1956

B.

Banking Companies Act, 1949

C.

SEBI Act, 1992

D.

Statutory Auditor

 
 

Option: B

Explanation :


39:  
The Securities and Exchange Board of India was not entrusted with the function of
A.

Investor protection

B.

Ensuring fair practices by companies

C.

Promotion of efficient services by brokers

D.

Improving the earning of equity holders

 
 

Option: D

Explanation :


40:  
A __  card is basically a payment mechanism which allows the holder of the card to make purchase without any immediate cash payment
A.

ATM

B.

CREDIT

C.

DEBIT

D.

KISHAN CREDIT

 
 

Option: B

Explanation :




Suggest an improvement