When was the National Stock Exchange of India incorporated?
Anonymous Quiz
34%
1988
44%
1992
21%
1994
1%
2000
What is the role of the Securities and Exchange Board of India (SEBI)?
Anonymous Quiz
2%
To act as a central bank
89%
To promote orderly and healthy growth of the securities market and protect investors
4%
To provide loans to industrial sectors
5%
To directly trade in the stock market
What led to the establishment of SEBI?
Anonymous Quiz
9%
A need for a central bank
5%
The growth of the IT industry
84%
Malpractices in the securities market and the need for investor protection
2%
The introduction of electronic trading
Which of the following is a regulatory function of SEBI?
Anonymous Quiz
6%
Providing loans to investors
56%
Registration of brokers and sub-brokers
5%
Offering banking services
33%
Conducting trade on stock exchanges
When did screen-based trading start on the National Stock Exchange (NSE)?
Anonymous Quiz
22%
1988
53%
1992
16%
1994
9%
2000
Which of the following is a development function of SEBI?
Anonymous Quiz
4%
Issuing currency notes
88%
Training of intermediaries of the securities market
8%
Providing insurance services
0%
Managing pension funds
β€1
The Bombay Stock Exchange (BSE) was established in which year?
Anonymous Quiz
30%
1988
38%
1875
28%
1992
3%
2000
When are debentures said to be issued at par?
Anonymous Quiz
14%
When issued below their face value
15%
When issued above their face value
70%
When issued at their face value
1%
When issued in exchange for services
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How is the premium on the issue of debentures treated in accounting?
Anonymous Quiz
10%
As an operational expense
37%
As a capital loss
41%
As a capital profit
12%
As a liability
What happens in the case of over-subscription of debentures?
Anonymous Quiz
7%
The issue is cancelled
18%
Additional debentures are issued
20%
The application is rejected
56%
Excess money is refunded or adjusted
What entry is made on the receipt of call money for debentures?
Anonymous Quiz
65%
Debit Bank A/c, Credit Debenture First Call A/c
27%
Debit Debenture First Call A/c, Credit Bank A/c
2%
Debit Debentures A/c, Credit Bank A/c
6%
Debit Bank A/c, Credit Debentures A/c
A Ltd. issued 2,000, 10% debentures of βΉ100 each at a discount of 5% redeemable at a premium of 3%. What does 10% indicate?
Anonymous Quiz
18%
Rate of Dividend
73%
Rate of Interest on Debentures
10%
Rate of tax deducted at source
0%
None of these
How is a capital loss due to the issue of debentures at a discount written off?
Anonymous Quiz
49%
By debiting the Statement of Profit and Loss
19%
By crediting the Securities Premium Reserve A/c
31%
By debiting the Discount on Issue of Debentures A/c
1%
By crediting the Debentures A/c
Ravi Ltd. issued 6,000 Debentures of βΉ100 each at a premium of βΉ10. It will credit Debentures Account by:
Anonymous Quiz
34%
βΉ6,60,000
55%
βΉ6,00,000
6%
βΉ4,50,000
6%
None of these
The following journal entry appears in the books of X Co. Ltd.
Bank A/c Dr. βΉ4,75,000
Loss on Issue of Debenture A/c Dr. βΉ75,000 To 12% Debentures A/c βΉ5,00,000 To Premium on Redemption A/c βΉ50,000 Debentures have been issued at a discount of:
Bank A/c Dr. βΉ4,75,000
Loss on Issue of Debenture A/c Dr. βΉ75,000 To 12% Debentures A/c βΉ5,00,000 To Premium on Redemption A/c βΉ50,000 Debentures have been issued at a discount of:
Anonymous Quiz
18%
15%
64%
5%
18%
10%
0%
20%
β€1
A company issued debentures of βΉ1,00,000, 9% debentures of βΉ100 each at par but repayable at 5% premium. What amount will be debited to Loss on Issue of Debentures Account?
Anonymous Quiz
11%
βΉ1,00,000
35%
βΉ1,05,000
46%
βΉ5,000
8%
βΉ95,000
Assertion (A): Premium on issue of debentures is a capital gain.
Reason (R): Loss on issue of debentures is a revenue loss.
Reason (R): Loss on issue of debentures is a revenue loss.
Anonymous Quiz
21%
Both A and R are true, and R explains A
45%
Both A and R are true, but R doesnβt explain A
7%
A is false, but R is true
27%
A is true, but R is false
What is human capital formation linked to according to the text?
Anonymous Quiz
73%
Human development
11%
Technological regression
9%
Decrease in economic growth
7%
Increase in physical resources
π1
How does education affect a person's earning capacity?
Anonymous Quiz
9%
Decreases earning capacity
66%
Increases earning capacity
8%
Does not affect earning capacity
17%
Only affects earning capacity in certain fields
β€1