Legal Aspects Of Business - Study Mode
[#886] The enterprises exclusively owned managed and controlled by the Central or State Government are known as
Correct Answer
(B) Public Enterprises
[#887] Assertion (A): Reserve Bank of India is an important regulatory and administrative authority to execute FEMA provisions. Reason (R): Being monetary authority and custodian of foreign exchange, Reserve Bank of India enjoys requisite expertise of FEMA administration. In the context of the above two statements, which one of the following option is correct?
Correct Answer
(A) Both (A) and (R) are correct and (R) is the right explanation of (A)
[#888] Which of the following features is not essential for the Indian contract Act?
Correct Answer
(A) It should be in writing only
[#889] If the parties to a contract agree to . . . . . . . . a new contract for it, or to rescind or alter it, the original contract, need not be performed.
Correct Answer
(C) Substitute
[#890] 'Right of Participation' given to preference shareholders normally implies the right to participate in:
Correct Answer
(C) Divisible surplus profit/Bonus share