CCE- 403 FIN SC – FIN - 05 Financial Laws

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MBA-IV SEM-IV 2021-22 CCE

S. P. Mandali's
Prin. N.G.Naralkar Institute of Career Development & Research
536 Shaniwar Peth, Appa Balwant Chowk (ABC Chowk) Pune-411030

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CCE- 403 FIN SC – FIN - 05 Financial Laws

MBA-IV SEM-IV 2021-22 CCE

Public notice under bankruptcy shall be given for inviting claims from creditors by:

IBBI

Bankrupt

NCLT

Bankruptcy trustee

Clear selection

LOK ADALAT has been setup under the provisions of

RBI ACT

SARFAESI ACT

LEGALSERVICES AUTHORITYACT

BR ACT

Clear selection

Physical possession of mortgaged property can be taken without court intervention as per

transfer of property act

SARFAESI ACT

DRT act

contract act

Clear selection

Under SEC 13 of SARFAESI ACT, secured creditor can enforce the security interest only after expiry of ------ ----- days notice

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Under SARFAESI ACT PRIINCIPAL Debtor/Guarantor aggrieved by any measure[taking possession] taken by secured creditor can file an application/petition to DRT within-------- days

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Central Registry has been set up at NEW DELHI wef 31/03/2011 under the provisions of ----------------

supreme court ruling

DRT act

SARFAESI act

transfer of property act

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Central Registry has been set up at NEW DELHI wef 31/03/2011 under the provisions of SARFASI ACT. All banks/financial institutions will have register equitable mortgagee within -------- of creation

10 days

20 days

3 months

30 days

Clear selection

Which of the following is added recently to SARFAESI ACT

nationalized banks

state bank of India

multi state cooperative banks

regional rural banks

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Bank can exercise rights under SARFAESI act if the account is

standard account

performing assets

Non performing assets

written off accounts

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Under the provision of SARFAESI Act 2002, where a transaction of securitisation is registered:

Registrar of Companies

Registrar of Assurances

Registrar of Firms

Registrar of Central Registry

Clear selection

S4A” scheme of RBI stands for .......

Scheme for Sustainable Structuring of Stressed Assets

Scheme for Schematic Structuring of Stressed Assets

Scheme for Sustainable Structuring of Systemic Assets

Scheme for Schematic

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Which of the following is an illustration of an action that can be taken to help a troubled firm without using the court system?

asset transfers to settle debt

equity interest granted in exchange for debt

modifications of interest rates more favourable to the firm

All or a combination can be used.

Clear selection

In a troubled debt restructuring where the debtor elects to transfer an equity interest to a creditor in exchange for the satisfaction of an outstanding debt:

the debtor may recognize a gain on restructure when the market value of the equity interest is greater than the book value of the debt plus any accrued interest

the debtor may recognize a gain on restructure when the market value of the equity interest is less than the book value of the debt plus any accrued interest

any difference between market value of equity interest and book value of the debt plus accrued interest must be recorded in Retained Earnings.

any difference between market value of equity interest and book value of the debt plus accrued interest must be recorded in Additional Paid in Capital in Excess of Par.

Clear selection

A firm that has a series of negative earnings, sales declines and workforce reductions is likely head to:

a change in management.

a merger.

financial distress.

new financing.

Clear selection

Under the provision of SARFAESI Act 2002, where a transaction of securitisation is registered:

Registrar of Companies

Registrar of Assurances

Registrar of Firms

Registrar of Central Registry

Clear selection

Financial distress can be best described by which of the following situations in which the firm is forced to take corrective action.

Cash payments are delayed to creditors.

The market value of the stock declines by 10%.

The firm's operating cash flow are insufficient to pay current obligations.

Cash distributions are eliminated because the board of directors considers the surplus account to be low.

Clear selection

A firm that has a series of negative earnings, sales declines and workforce reductions is likely head to:

a change in management.

a merger.

financial distress

new financing

Clear selection

Whether IBC is applicable to person resident outside India:

No, IBC is not applicable to a person resident outside India.

Yes, IBC is applicable to a person resident outside India.

IBC is applicable to a person outside India with the prior approval of the Board.

IBC is applicable to person resident outside India as well as to foreign persons

Clear selection

Insolvency resolution process costs under the Code does not include:

The amount of any interim finance and the costs incurred in raising such finance

The fees payable to any person acting as a resolution professional

Any payment of fees for the services of an insolvency professional to any person other than the

any costs incurred at the expense of the Government to facilitate the insolvency resolution

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Corporate Insolvency Resolution process shall be completed within a period of:

120 days from the date of admission of application

180 days from the date of admission of application

140 days from the date of admission of application

100 days from the date of admission of application

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A source of supply of foreign exchange is

Donations given

Imports

Exports

Gifts

Clear selection

Under the provision of SARFAESI Act 2002, where a transaction of securitisation is registered:

Registrar of Companies

Registrar of Assurances

Registrar of Firms

Registrar of Central Registry

Clear selection

A firm that has a series of negative earnings, sales declines and workforce reductions is likely head to:

a change in management.

a merger.

financial distress

new financing

Clear selection

What is FEMA?

First Exchange Management Act

Foreign Exchequer Management Act

Foreign Exchange Management Act

Foreign Evaluation Management Act

Clear selection

Whether IBC is applicable to person resident outside India:

No, IBC is not applicable to a person resident outside India.

Yes, IBC is applicable to a person resident outside India.

IBC is applicable to a person outside India with the prior approval of the Board.

IBC is applicable to person resident outside India as well as to foreign persons

Clear selection

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