Explain trade credit and bank credit as sources of short term finance for business enterprises.

5

(a)

Discuss the sources from which a large industrial enterprise can raise capital for financing modernisation and expansion.

5

(a)

What advantage does issue of debentures provide over the issue of equity shares?

5

(a)

State the merits and demerits of public deposits and retained earnings as methods of business finance.

5

(a)

What is a commercial paper? What are its advantages and limitations?

5

(a)

Explain different types of preference shares which can be issued by a company.

5

(a)

Describe in brief the features of equity shares.

5

(a)

Differentiate between a share and a debenture.

5

(a)

Write a note on international sources of finance.

5

(a)

What is lease financing? Discuss its merits and demerits.

5

(a)