A person is said to be Agnate of another if the two of them are related by blood or adoption entirely or wholly through males.

Answer(s): A

Which of the following are not the sources of Law?

Answer(s): D

If any expenditure is incurred by an Indian company wholly and exclusively for the purpose of amalgamation or demerger, the said expenditure is

Not allowable as a deduction in computing profits and gains of business or profession.
Fully deductible as revenue expenditure in the year in which it is incurred.
Not deductible but is eligible to be treated as an intangible asset in respect of which depreciation can be claimed.
Allowed as a deduction spread over five successive previous year beginning with the previous year in which the amalgamation or demerger takes place.

Answer(s): D

Which of the following statement is true?

The two key financial intermediaries is to convert money market and capital market
Money market is a market for short-term funds having maturity of one year or less
The capital market consists of new issue markets and the stock exchange
All of the above

Answer(s): D

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