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Which of the following is/are true about Bill of Exchange?
1. A bill of exchange requires in its inception two parties.
2. A bill of exchange or 'draft' is a written order by the drawer to the drawee to pay money to the payee.
3. Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date.
4. Definition of 'Bill of Exchange' is mentioned in Section 6 of the Negotiable Instrument Act.
When a bill is sent to the governor after it is passed by state legislature, he can: 1. Return the bill, even if it is a money bill, for reconsideration of the state legislature. 2. Reserve the bill for the consideration of the president. 3. Give his assent to the bill. 4. Withhold his assent to the bill. Select the correct answer using the codes given below:
India's first gas exchange, the Indian Gas Exchange (IGX), was launched as a wholly owned subsidiary of Indian Energy Exchange. Which of the following statements are correct? 1. It is a digital trading platform that will allow buyers and sellers to trade both in the spot market and in the forward market for imported natural gas. 2. It will allow trade across three hubs - Dahej and Hazira in Gujarat and Kakinada in Andhra Pradesh. 3. Imported Liquified Natural Gas (LNG) will be regassified and sold to buyers through the exchange, removing the requirement for buyers and sellers to find each other. 4. Only inter-governmental trade in domestically produced natural gas is allowed at the gas exchange. Select the correct answer using the code given below:
Which of the following actions cannot be taken by the President with respect to Money Bill? i. President can reject Money Bill ii. President recommends laying down of Money bill in Lok Sabha iii. President can send the bill back to Parliament for reconsideration iv. President gives his assent to the bill
In the case of a bill passed by the State Legislatue, Governor can reserve it for the consideration of the President. a. The President may declare or withhold his assent to the bill. b. The President may return the bill for reconsideration to the State Legislature. c. State Legislature must reconsider the bill within three months and if passed again it is obligatory upon the President to give his assent. d. In case of reconsidered bill which is passed again by State Legislature, President shall declare his assent within a period of six months. Which of the statements given above are correct ?
Under foreign exchange risk measurement, economic risk emerges out of which of the following?
1. Riskiness of company's foreign exchange positions resulting from its business activities.
2. The holding period or length of time over which the foreign exchange position is planned to be held.
3. A change in the present value of the future after tax cash flows due to changes in exchange rates.
4. The unit of currency to be used for the denomination of the value of currency.
Consider the following statements with reference to Legislative procedure in the State Legislature. 1. The ultimate power of passing an ordinary bill is vested in the assembly. 2. In the face of disagreement, the Constitution provides for the mechanism of a joint sitting of both Houses to resolve the disagreement between the two Houses over a bill. 3. When a bill, which has originated in the council and was sent to the assembly, is rejected by the assembly, the bill ends and becomes dead. Which of the statements given above is/are correct?
The Mineral Laws (Amendment) Bill, 2020 has recently been passed. Consider the following regarding the same: 1. With the introduction of this Bill, companies which do not have any prior coal mining experience in India can also participate in the auction of coal blocks. 2. Private companies will now be able to undertake coal mining for commercial mining purposes, thereby ending the captive end-use criteria. 3. A composite license namely Prospecting License-Cum-Mining Lease has been introduced in the Bill. 4. The revenue-sharing model detailed in the Bill is based on recommendations of an expert committee headed by Injeti Srinivas. Which of the above are true? 
Which of the following statement/statements is/are correct? Give correct answer:
1. An ordinary Bill can only originate in council of states
2. A Bill pending in House of people shall not lapse by reason of the prorogation of the House
3. A Bill pending in the council of state which has not been passed by the House of people shall not lapse on a dissolution of the House of the people
4. A Bill pending in the House of people shall not lapse by reason of the dissolution of the House.
Consider the following statements: (a) The President may return an ordinary bill for reconsideration of the Parliament. (b) The President may return the money bill for reconsideration of the Parliament. (c) If an ordinary bill is passed again by the Parliament, the President must give his assent to the bill. Which of the statement/s given above is/are correct?