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
Which of the following is not duties of CCI under Competition Act,02 ?
Anonymous Quiz
5%
to promote and sustain competition
4%
to protect interest of consumer
43%
to ensure freedom of trade by Indian Supplier in Global market
49%
None of the above
Operate independently of competitive forces prevailing in the maket is ?
Anonymous Quiz
50%
Abuse of Dominance
15%
Anti Competitive agreements
9%
Combinations Regulation
26%
Competition Advocay
Liquidation process under IBC will not be initiated under which circumstances ?
Anonymous Quiz
13%
COC do not approve Resolution plan
12%
NCLT rejects the Resolution plan
55%
COC resolve to liquidate with 51%
20%
Debtor contranvens the approved resolution plan
What is agenda of first meeting of COC under IBC 2016 ?
Anonymous Quiz
9%
prepration of draft resolution plan
3%
discuss the status of CIRP
7%
collection of information from Interim Resolution professional
82%
appointment of IRP as RP or appointment of another RP
Application in relation to combination to be filed within how many days to DG?
Anonymous Quiz
66%
within 30 days
13%
within 45 days
15%
within 60 days
6%
None of the above
Which transaction does not fall under Capital account transaction as per fema ?
Anonymous Quiz
9%
transaction that alter assets and liabilties of NR in India
20%
transaction that alter assets and liab. (including contingent liab.) of Residents outside India
42%
transaction relating to t/f of security by branch in India of a Co. Resident outside India
28%
transaction that alters assets and liab. (including Cont. Liab.) of NR in India
Builder is planning to develop project in different phases then he is required to obtain registration under RERA, 2016
Anonymous Quiz
7%
only once for all phases
89%
for each phase separately
3%
as and when project commences registration
0%
None of the above
As per PMLA,2002, person on whose behalf transaction being conducted is known as
Anonymous Quiz
9%
Client
88%
Beneficial Owner
2%
Bank
1%
Authorized Dealer
As per PMLA,02 property can be provisionally attach for
Anonymous Quiz
5%
60 days
5%
120 days
84%
180 days
6%
365 days
Under PBTA,1988 who is responsible to issue notice for furnishing evidence to the parties under Benami transaction
Anonymous Quiz
21%
Approving Authority
28%
Adjudicating Authority
48%
Initiating officer
3%
Administrator
What is not the part of responsibilty of Bank under PMLA,02
Anonymous Quiz
37%
Report suspicious transactions
39%
Furnish all information to ED
15%
Verify identity if clients and BO
8%
maintain records of transaction for 5 years
Whether scheme of IBC,2016 contemplates that sum forming part of Resolution Plan should match with Liquidation value ?
Anonymous Quiz
14%
Yes it should match
83%
No there is no provision or regulation to match Resolution plan with liquidation value
1%
It depends on NCLT decision
2%
It depends on COC