Business And Commerce - Study Mode

[#221] Life insurance in its present form came to India from ___________.
Correct Answer

(A) The United Kingdom

Explanation

Solution: Life insurance in its present form came to India from The United Kingdom.

[#222] OTCEI stands for ___________.
Correct Answer

(A) Over The Counter Exchange Of India

Explanation

Solution: The over-the-counter exchange of India (OTCEI) is an electronic stock exchange based in India that consists of small- and medium-sized firms aiming to gain access to the capital markets like electronic exchanges in the U.S. such as the Nasdaq, there is no central place of exchange, and all trading occurs through electronic networks.

[#223] Importing goods for the purpose of re-export is termed as ___________.
Correct Answer

(A) Entrepot trade

Explanation

Solution: Importing goods for the purpose of re-export is termed as Entrepot trade. If goods are imported from one country with the purpose of re- exporting to another, it is called Entrepot trade.

[#224] A Bull speculator is also called as ___________.
Correct Answer

(B) tejiwala

Explanation

Solution: A Bull speculator is also called as tejiwala. He is said to be a bull because just like a bull which tries to throw its victim up in the air, he expects to profit from increase in share prices.

[#225] A speculator who expects a rise in price of securities in the future are called as ___________.
Correct Answer

(B) bull

Explanation

Solution: A speculator who expects a rise in price of securities in the future are called as bull. A bull is an optimistic speculator. He expects a rise in the price of the securities in which he deals.