OTP 8 day

Definition of Micro enterprises

• Investment in Plant and Machinery or Equipment:
  Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 crore

• Investment in Plant and Machinery or Equipment:
  Not more than Rs.2 crore and Annual Turnover ; not more than Rs. 5 crore

• Investment in Plant and Machinery or Equipment:
  Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 50crore

• Investment in Plant and Machinery or Equipment:
  Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 5 crore

Definition of Medium enterprises is Investment in Plant and Machinery or Equipment:
Not more than Rs..... crore and Annual Turnover ; not more than Rs. ......... crore

• 50,100

• 1,5

• 5,50

• 50,250

Limitation period in cas of Cash Credit –(hypothecation) is ........... years

• 1

• 2

• 3

• 5

In case of Movable assets like Vehicle, what type of charge is created.....

• Pledge

• Hypothecation

• Lien

• Assignment

The insurer who has agreed to indemnify the assured on making good for loss, is entitled to succeed to all ways and means by which the assured might have protected himself against the loss. THIS IS CALLED AS THE ..............

• Clayton's Rule

• Law of settlement

• Payment and Settlement

• DOCTRINE OF SUBROGATION

.......... is delivery of goods by one person to another person for some purpose. The goods can be retained or ......... can be sued for charges.

• Pledge, Pledgee

• Bailment, Bailer

• Mortgage, Mortgagee

• None

Indeminity is defined under Sec..... of Indian Contract Act, 1872

• 124

• 112

• 125

• 126

with rspect to Claytons rule which one is correct

• ´Credit entry will set off the debit entry in the chronological order

• ´Works on FIFO Method

• ´Works on LIFO Method

• a & b

Full form of SARFAESIA

• “Security and Reconstruction of Financial Assets and Enforcement of Security Interest Act”

• “Securitization and Recovery of Financial Assets and Enforcement of Security Interest Act”

• “Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act”

• “Security and Recovery of Financial Assets and Enforcement of Security Interest Act”

Definition of small enterprises is Investment in Plant and Machinery or Equipment:
Not more than Rs........ crore and Annual Turnover ; not more than Rs......... crore

• 1,5

• 10,50

• 50,250

• None of the above