Who can become Insolvency Professional ?
Anonymous Quiz
1%
Minor
16%
PROI
0%
Unsound mind
83%
None of the above
When transaction cannot be said benami
Anonymous Quiz
40%
if person deposit old currency for exchange of new currency
47%
individual held property in joint name with grand children and consideration paid by individual
8%
company raising share capital through fictious person
6%
person taken loan and not able to proove genuity of lender
Time period to be given by NCLT for rectification of mistake in the application filed for initiation of CIRP ?
Anonymous Quiz
23%
14 days
68%
7 days
7%
21 days
2%
3 days
Foreign exchange purchased by PRI from AD remains unspent to be surrendered to AD within ?
Anonymous Quiz
17%
60 days
22%
90 days
11%
120 days
50%
180 days
Under IBC, 2016, Resolution Professional
Anonymous Quiz
1%
Cannot be replaced once appointed
2%
Can be replaced after 180 days
97%
Can be replaced after approval of 66%of COC
0%
Can be replaced after 330 days
What is not mandatory for Operational Creditor for initiation of CIRP ?
Anonymous Quiz
8%
No existence of dispute
7%
Proof of default
77%
Proposing name of IRP
8%
sending demand notice or Invoice to debtor
Try to give answers of MCQ as now onwards i will send maximum MCQs asked by ICAI in case studies/case study digest/question paper that can be answered directly.
And
Thankyou for 1k subscribers😊
God bless you all🙏
And
Thankyou for 1k subscribers😊
God bless you all🙏
Which one is not the objective of introduction of IBC 2016 ?
Anonymous Quiz
20%
avoding destruction of value
42%
hold promoters personally liable for default that they control
8%
improve handling of conflicts b/w debtor and creditor
30%
clear allocation of losses during downtime
what is not covered under difinition of Financial debt under IBC 2016 ?
Anonymous Quiz
14%
interest on unsecured debentures
33%
market value of derivative taken to hedge foreign currency fluctuations of ECB
19%
Amount raised from allottee of an apartment under real estate
34%
receivable assigned to bank on without recourse basis
Which of the foll. are not factors of determining relevant product market under Competition Act,02 ?
Anonymous Quiz
34%
existence of specialised producers
24%
market structure and size of market
16%
consumer preference
26%
actual end user of products
what is not covered under Reciprocal arrangements entered by CG with contracting state under PMLA, 2002 ?
Anonymous Quiz
8%
enforcement of provision of Act
22%
prevention of offence in India under corresponding PMLa law in force in other country
66%
exchange the history of offender on annual basis
4%
exchange of information to prevent offence
Punishment under PMLA, 2002
Anonymous Quiz
13%
1 year to 7 year and fine
75%
3 year to 7 year and fine
5%
1 year to 10 year and fine
8%
3 year to 7 year or fine
Which of the statement is correct as per FEMA,1999 under Schedule 1 in relation to withdrawl of Foreign exchange ?
Anonymous Quiz
6%
commission on export under Ruppee state credit route is allowed
69%
commssion on export under Ruppee state credit route is prohibited except 10% invoice of tea/coffee
15%
commission on export under Ruppee state credit route upto $250000 is allowed
9%
None of the above
Tourist comes to India for visiting Rishikesh and stays more than 182 days.
Anonymous Quiz
23%
Will be PRI
71%
Will be PROI
2%
Will be OCI
5%
None of the above
Residential Status under FEMA, 1999
Anonymous Quiz
51%
For a particular Year
30%
For a particular date
17%
For a particular time
2%
For a citizenship
Limit under LRS of $250,000 in Schedule 1 is for ?
Anonymous Quiz
80%
Individual
4%
Other than Individual
14%
Individual and Other than Individual
3%
Individual or Company
Who is considered as Resident but not permanent Resident in India under FEMA,1999 ?
Anonymous Quiz
8%
PROI on visit to India
22%
PRI for a job where duration does not exceed 3 years
31%
PROI for a job where duration does not exceed 3 yeats
39%
PRI whose intention not to stay in India
Compounding of offence possible in case of ?
Anonymous Quiz
33%
Imprisonment and Penalty
43%
Imprisonment or Penalty
14%
Only Imprisonment
10%
None of the above
Once the benami property acquired have been identified. Which authority has power to confiscate the property ?
Anonymous Quiz
23%
Initiating Officer
9%
Administrator
16%
Approving Authority
52%
Adjudicating Authority
Which of these are not common practices scheme of Money Laundering ?
Anonymous Quiz
8%
bribery and corruption
10%
false declarations under Custom Act
32%
usage of false trade mark/copyrights
50%
possession of foreign currency over and above limit