Question 31 of 32
Q.
Match the correct pairs of words from group 'A' and group 'B':
| Group 'A' | Group 'B' | ||
|---|---|---|---|
| (a) | Financial management | (1) | Savings Account |
| (b) | Overdraft facility | (2) | Sale or gift shares to another person |
| (c) | Transmission of shares | (3) | Management of business funds |
| (d) | Depository Act | (4) | Owners of the company |
| (e) | Debentureholders | (5) | 1992 |
| (6) | Management of business activities | ||
| (7) | Current Account | ||
| (8) | 1996 | ||
| (9) | Transfer of shares due to operation of law | ||
| (10) | Creditors of the company |
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2020Subjective· 5mImportance★★★★★
97% · 31/32 Questions
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Start your 14-day free trial to unlock the full solution →The correct pairs are (a)-(3), (b)-(7), (c)-(9), (d)-(8), (e)-(10).
Each match rests on a basic fact from the syllabus:
- (a) Financial management — (3) Management of business funds: Financial management is the activity of planning, raising and controlling a company's money, that is, the management of its business funds.
- (b) Overdraft facility — (7) Current Account: An overdraft, by which a customer withdraws more than the balance available, is a facility given by banks on a current account, not a savings account.
- (c) Transmission of shares — (9) Transfer of shares due to operation of law: Transmission means the automatic passing of shares to legal heirs or a nominee on the death, insolvency or insanity of a holder, that is, by operation of law. …
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