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https://t.me/upscmcqexplanation

Consider the following sentences regarding National Company Law Tribunal (NCLT)

1.The term of office of chairperson and members of all NCLTs is fixed at five years or 65 years, whichever is earlier.

2. NCLT cannot deregister a company even if it has been provided with false information during incorporation of that company.

3. NCLT approval is mandatory if a Public company is converted into a Private Company.

Choose the correct statement/s

A) 1 only

B) 1 and 2 only

C) 2 and 3 only

D) 1 and 3 only

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In Today's time a term "third world" is often used to describe

A) the least developing countries of Africa, Asia, Latin America, and Australia/Oceania

B) the developing countries of Africa, Asia, Latin America, and Australia/Oceania

C) Communist Bloc: the Soviet Union, China, Cuba and friends.

D) Oil producing nations group like OPEC, OPEC+, OIC etcs

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🚨🚨Indian Art & Culture

Short and Worthy Notes

https://t.me/artandculturebits/377
https://t.me/artandculturebits/365

Consider the following sentences regarding about AT1 bonds or Additional Tier-1 bonds.

1. Investors cannot return these bonds to the issuing bank and get the money back. i.e there is no put option available to its holders.

2. The AT1 bonds issuer banks can stop paying interest or even write down these bonds if the capital ratios of the issuer fall below a certain percentage.

Choose the correct statement/s

A) 1 only

B) 2 only

C) both

D) none

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Arrange the following sources of states' own tax revenue (% share) in decreasing order for FY21

1. Property & capital transactions

2. State GST

3. Excise (mainly liquor)

4. VAT (mainly fuel)

Choose the correct option

A) 4,2,1,3

B) 4,2,3,1

C) 2,4,3,1

D) 2,4,1,3

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Consider the following sentences regarding Direct Benefit Transfer (DBT)

1. Scholarships/ Stipends are also covered under DBT.

2. The UIDAI has been established by the Election Commission by an executive order

Choose the correct statement/s

A) 1 only

B) 2 only

C) both

D) none

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🛑🛑Due to words limit in poll section, EXPLANATION of MCQs is being provided here

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Consider the following sentences regarding AT1 bonds or Additional Tier-1 bonds

1. Banks issuing AT-1 bonds can reduce the bonds’ face value after issuing it.

2. A Bank can write off its outstanding AT-1 bonds without consulting its investors.

Choose the correct statement/s

A) 1 only

B) 2 only

C) both

D) none

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Read the following sentences carefully about Direct Benefit Transfer (DBT)

1. The matters of execution of the DBT programmes have been placed in the Cabinet Secretariat under the Co-ordination & PG Secretary.

2. The DBT enablers are Jan Dhan, Aadhaar, and Mobile (JAM)

3. Aadhaar card is mandatory in DBT schemes.

Choose the correct statement/s

A) 1 and 2 only

B) 2 and 3 only

C) 1 and 3 only

D) 1, 2 and 3 only

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🚨🚨Indian Art & Culture

Short and Worthy Notes

https://t.me/artandculturebits/377
https://t.me/artandculturebits/365

Read the following sentences carefully about National Company Law Tribunal (NCLT)

1. A criminal court do not have jurisdiction to entertain any suit or proceeding in respect of any matter which the Tribunal or the Appellate Tribunal is empowered to determine.

2. NCLT is a specialized court only for Corporate companies registered in India.

3. Red Companies are those with no cash and not in a position to pay any creditor.

4. Decisions made by National Company Law Tribunal is final and cannot be appealed further.

Choose the correct statement/s

A) 1, 2 and 3 only

B) 1 and 3 only

C) 3 only

D) 2 and 3 only

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