Barter system will be effective only when the needs of both parties are ..... with each other.

(a)

satisfied

(b)

not satisfied

(c)

coincided

(d)

none of these

The retailers who have independent shops of temporary nature is known as __________

(a)

Mobile Trader

(b)

Peddlers

(c)

Cheap Jacks

(d)

Market Traders

The first step in the internationalization process is _________.

(a)

License

(b)

Foreign Investment

(c)

Sales

(d)

Export

______________regulates the use of foreign exchange in India.

(a)

The Reserve Bank of India

(b)

The State Bank of India

(c)

Commercial Bank

(d)

World Bank

IFC is one subsidary institution of ...............

(a)

IMF

(b)

WTO

(c)

World Bank

(d)

SAARC

Each party is a promisors and a promisee in case of_____________.

(a)

past consideration

(b)

present consideration

(c)

every contract

(d)

reciprocal promisors

Atender of an instalment when the contract stipulates payment in full is a valid tender. The statement is______________.

(a)

True

(b)

False

(c)

None of these

A lends Rs.500 to B. He later tells B that he need not repay the amount, the contract is discharged by______________.

(a)

breach

(b)

waiver

(c)

novation

(d)

performance

Tax charged on Long Term Capital Gain is _______.

(a)

20%

(b)

15%

(c)

25%

(d)

30%

Service Tax is exempted to the traders having annual turn over less than_________.

(a)

Rs 10 lakhs

(b)

Rs 20 Lakhs

(c)

Rs 15 Lakhs

(d)

Rs 50 Lakhs