Law Quiz
1. An auction sale is complete on the
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Answer: c. Fall of hammer
2. A share certificate is a
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Answer: c. Document showing title to goods
3. The Negotiable Instruments Act, 1881 came into force on
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Answer: c. 1st March 1882
4. A Bill of Exchange contains a/an
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Answer: b. Unconditional order
5. Compulsory delisting is due to
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Answer: a. Violation of listing agreement
6. FERA has been replaced by
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Answer: b. FEMA
Tax Quiz
1. Income tax is a
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Answer: a. Direct tax
2. Which of the following is not a capital asset under capital gains head of income?
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Answer: a. Stock in trade