A to Z Exams

Question 1

Aggregation of risks is somewhat quite new to banks in India. While some banks have started thinking in that line by trying to put integrated limits framework and integrated risk policies as well as using CBS solutions for technological integration, the effort required is beyond such requirement. Risk aggregation would mean aggregating the individual risk measures to decide most appropriate assets class that would contain the risk to the deserved level dictated by the risk appetite .Capital allocation (about how much) would be based on such strategies.

2. Most banks have already integrated it in their functioning; it is working .over the years satisfactorily.

3. Which would in long run prove to be the growth impeding

4. Of risk aggregation which is really a new concept to Indian banks

5. On expected lines of the regulation conditions laid down in the manual of the bank

View Answer

5

Correct Answer :

Most banks are yet to conceptualize the same in their processes

Explanation :
No Explanation available for this question

Answer

1. Most banks are yet to conceptualize the same in their processes

Question 2

However, it is possible that the non-resident entity may have a business connection with the resident Indian entity,In such a case, the resident Indian entity could be treated as Permanent Establishment of the nonresident entity During the last decade or so, India has seen steady growth of outsourcing of business processes by non residents or foreign companies to IT-enabled entiiicv in India.Such entities are either branches or associated enterprises of the foreign enterprise or an independent India enterprise.The nonresident entity or foreign company will i be liable to tax in India only if the IT-enabled BPO unit in India constitutes its Permanent Establishment.

2. How would the profit would be shared is not decided yet

3. A lengthy and cumbersome process requiring a lot of application of mind and revenue principles is ahead for the tax department of India

4. A new trend is seen in last decade,

5. Indian companies have a lot on stake as competition increases.

View Answer

5

Correct Answer :

The tax treatment of the Permanent Establishment in j such a case is under consideration

Explanation :
No Explanation available for this question

Answer

1. The tax treatment of the Permanent Establishment in j such a case is under consideration

Question 3

Which sentence should be the FOURTH in the para graph

1. A

2. B

3. C

4. D

5. E

View Answer

5

Correct Answer :

C

Explanation :
No Explanation available for this question

Answer

1. which was given a pre-eminent role in the resolution of problems in fiscal federalism

Answer

2. " for the mercy's sake let us have little less science and a little more art"

Answer

2. There are several inadequacies in the approach of the Finance Commissions

Question 4

Which sentence should be the SIXTH in the paragraph

1. A

2. B

3. C

4. D

5. E

View Answer

5

Correct Answer :

B

Explanation :
No Explanation available for this question

Question 5

The Finance Commission is entrusted with periodic review and resolution of Central-State fiscal problems. It was the clear intention of the father of the India Constitution that all matters pertaining to normal Central-State financial adjustment should be scrutinized by the Finance commission An incidental and by no mean significant advantage of the appointment of a Finance Commission has generally been to rekindle interest in issues pertaining to financial relations between the Centre and the States and to promote an enlightened national debate on the several facets of India's federal fiscal set-up.The role of the Indian Finance Commission is unique in many ways. It is one of few commission provided in the constitution.

2. Which was constituted with the vision of a modem India with modem facilities

3. Which was a dream of Father of Nation also

4. Which was to be unique in its ways and a constitutional body

5. Which was introduced as a backbone for Indian Economy

View Answer

5

Correct Answer :

which was given a pre-eminent role in the resolution of problems in fiscal federalism

Explanation :
No Explanation available for this question

Question 6

Which sentence should be the FIRST in the paragraph

1. A

2. B

3. C

4. D

5. E

View Answer

5

Correct Answer :

A

Explanation :
No Explanation available for this question

Question 7

The art of medicine is the art of healing, not just treating, and not even just curing. Yet it is only when the art and science join hands that healing is best accomplished. The author then adds remember that the practice of medicine is an art, not a trade, a calling, not a business, a calling in which your heart will be exercised equally with your head. This book is rare work of the art of medicine, from a very rare practitioner of the science of medicine.

1. " mankind depends on science as equally on the art”

3. " let us consider science at par with art"

4. " let us forget what is art and what is science"

5. " do not blame medicine for if’

View Answer

5

Correct Answer :

" for the mercy's sake let us have little less science and a little more art"

Explanation :
No Explanation available for this question

Question 8

Which sentence should be the SEVENTH (LAST) in the paragraph

1. A

2. B

3. F

4. D

5. E

View Answer

5

Correct Answer :

F

Explanation :
No Explanation available for this question

Question 9

'The thirteen Finance commissions cover a span of more than 60 years during which many conditions have changed. Correspondingly, the approach of the later commissions may be expected to be different in several respects from the earlier ones Nevertheless, it is possible to discern certain common elements in the thinking of the successive Finance Commission s .Which have come to evolve gradually what may be called 'the Indian Finance Commission's approach to federal finance According to this approach, States' share Central taxes is not allocated strictly on the basis of need. These problems and shortcomings come later in light but' have caused what was not accounted at that time.

1. And it happened to be in that way

3. Evolution is a long process and it is a same story for commissions

4. But they differ 'completely from them and each time new approach was looked for

5. This was based on the tax sharing basis principle of commissions

View Answer

5

Correct Answer :

There are several inadequacies in the approach of the Finance Commissions

Explanation :
No Explanation available for this question

Question 10

Which sentenceshould be the SECOND in the paragraph

1. A

2. B

3. G

4. D

5. E

View Answer

5

Correct Answer :

G

Explanation :
No Explanation available for this question

Interview Questions