Question
What is the restriction on commission, brokerage,
discount, etc., on sale of shares as per the Banking Regulation Act?Solution
Section 13. Restriction on commission, brokerage, discount, etc., on sale of shares: Notwithstanding anything to the contrary contained in sections 76 and 79 of the Companies Act, 1956, no banking company shall pay out directly or indirectly by way of commission, brokerage, discount or remuneration in any form in respect of any shares issued by it, any amount exceeding in the aggregate two and one-half per cent. of the price at which the said shares are issued
Consider the following demand function of X for a commodity A
x= 10 + 0.10m/p
Money income (m) of X is Rs.120 and the price of A (p) is Rs...
Suppose we regress the dependent variable y on four independent variables x1, x2, x3, and x4. After running the regression on n = 16 observations, we ha...
Which of the following defines ambient standards in an environmental policy
Which of the following applies to the physical linkage approach for the valuation of environmental benefits
Which of the following defines ambient standards in an environmental policy
Which of the following statements are correct about trilemma in monetary policy
A. It is related to closed economy model.
B. It involves...
Give below are two statements:
Statement - I: The terms of trade of a nation are defined as the ratio of the cost of its export commodity to th...
Which of the following statements are correct about trilemma in monetary policy
A. It is related to closed economy model.
B. It involves...
Suppose we regress the dependent variable y on four independent variables x1, x2, x3, and x4. After running the regression on n = 16 observatio...
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
Relevant for Exams:
