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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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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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