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Questions
Amount unutilised in capital gain account scheme for which exemption claimed u/s 54 shall be treated as long-term capital gain, if
ক
2 years have expired from the date of transfer
খ
2 years have expired from the date of deposit
গ
3 years have expired from the date of transfer
ঘ
3 years have expired from the date of deposit
A company issues 10% irredeemable preference shares. The face value per share is Rs. 100, but the issue price is Rs. 95. What is the cost of preference share?
ক
10.63%
খ
10.73%
গ
10.83%
ঘ
10.53%
Which one is NOT true regarding the Market Stabilization Scheme (MSS)?
ক
It absorbs surplus liquidity of enduring nature arising out of large capital flows
খ
It absorbs surplus liquidity through sale of short-dated government securities and treasury bills
গ
Mobilised surplus liquidity is held in the MSS account with the Reserve Bank of India
ঘ
MSS account liquidity can be used for normal government expenditure of capital nature