Explore topic-wise InterviewSolutions in .

KOCHI STOCK EXCHANGE

Kochi Stock Exchange

BOMBAY STOCK EXCHANGE which was SETUP in 1887.

Bombay Stock Exchange which was setup in 1887.

Marine insurance is the oldest KIND of insurance. It is that BRANCH of insurance which relates to SHIPS and their CARGOES.

Marine insurance is the oldest kind of insurance. It is that branch of insurance which relates to ships and their cargoes.

This includes the cost of goods, insurance, FREIGHT and all CHARGES upto to the PORT of IMPORT.

This includes the cost of goods, insurance, freight and all charges upto to the port of import.

This includes the cost of GOODS PLUS the freight charges and other expenses for delivering the goods at the IMPORTER’s PORT.

This includes the cost of goods plus the freight charges and other expenses for delivering the goods at the importer’s port.

This includes all EXPENSES like PACKING charges, delivery of goods to the SIDE of the ship etc. But it doesn’t INCLUDE charges for PUTTING them on board.

This includes all expenses like packing charges, delivery of goods to the side of the ship etc. But it doesn’t include charges for putting them on board.

This includes cost of the goods and all other EXPENSES to be INCURRED in placing the goods on BOARD the SHIP.

This includes cost of the goods and all other expenses to be incurred in placing the goods on board the ship.

This indicates that the PRICE covers the cost of GOODS and all other expenses TILL the goods are put into the railway WAGON.

This indicates that the price covers the cost of goods and all other expenses till the goods are put into the railway wagon.

This means the price quoted includes cost of goods plus a NOMINAL profit. The PLACE of delivery would be the suppliers factory or GODOWN. The cost of transport, insurance and other expenses should be met by the buyer.

This means the price quoted includes cost of goods plus a nominal profit. The place of delivery would be the suppliers factory or godown. The cost of transport, insurance and other expenses should be met by the buyer.

They are mainly ENGAGED in buying and selling fixed assets LIKE land, BUILDINGS ETC.

They are mainly engaged in buying and selling fixed assets like land, buildings etc.

They ARRANGE VARIOUS types of INSURANCE in connection with TRADE.

They arrange various types of insurance in connection with trade.

They are brokers who transact BUSINESS connected with SHIP. They arrange charter parties, procure CARGO etc., on the BEHALF of their principles.

They are brokers who transact business connected with ship. They arrange charter parties, procure cargo etc., on the behalf of their principles.

They are engaged in the purchase and SALE of shares and other securities, of COMPANIES as well as GOVERNMENT securities on a stock exchange.

They are engaged in the purchase and sale of shares and other securities, of companies as well as Government securities on a stock exchange.

These BROKERS ARRANGE for the sale and purchase of agricultural PRODUCTS such as coffee, TEA ETC..

These brokers arrange for the sale and purchase of agricultural products such as coffee, tea etc..

BROKERS ACTS as INTERMEDIARIES between TWO parties, in trade contracts.

Brokers acts as intermediaries between two parties, in trade contracts.

Special agent is ONE who is APPOINTED to undertake some special work Eg. Agent appointed to SELL a CAR by its OWNER

Special agent is one who is appointed to undertake some special work Eg. Agent appointed to sell a car by its owner

GENERAL agent is one who is AUTHORIZED to undertake work of a general nature. Eg. Managing DIRECTOR or General MANAGER of a company.

General agent is one who is authorized to undertake work of a general nature. Eg. Managing Director or General Manager of a company.

Into TWO

• GENERAL
• SPECIAL

Into two

An AGENT is a person who is employed by another to REPRESENT him in dealing with other parties. The person why is so REPRESENTED by an agent is CALLED the PRINCIPLE.

An agent is a person who is employed by another to represent him in dealing with other parties. The person why is so represented by an agent is called the principle.

“Chambers of commerce is an voluntary association of MERCHANTS, financiers, manufactures and other ENGAGED in business for the PURPOSE of promoting and protecting the INTERESTS of its members and of the trade of the COUNTRY as a whole”.

“Chambers of commerce is an voluntary association of merchants, financiers, manufactures and other engaged in business for the purpose of promoting and protecting the interests of its members and of the trade of the country as a whole”.

It is entirely different from re-insurance. In this CASE the INSURED INSURES the same subject matter with more than on insurance COMPANY.

It is entirely different from re-insurance. In this case the insured insures the same subject matter with more than on insurance company.

Re-INSURANCE means insuring an already insured RISK by the INSURER. It is DONE mainly to reduce the risk of the insurance COMPANY by sharing it with other companies.

Re-insurance means insuring an already insured risk by the insurer. It is done mainly to reduce the risk of the insurance company by sharing it with other companies.

ACCORDING to this DOCTRINE when there are SEVERAL causes, only the proximate or NEAREST cause should be considered. The DISTANT and remote cause shall be ignored.

According to this doctrine when there are several causes, only the proximate or nearest cause should be considered. The distant and remote cause shall be ignored.

Insurance is a mechanism through which the sufferings of one man is one man is MINIMIZED by SHARING it with MANY MEN.

Insurance is a mechanism through which the sufferings of one man is one man is minimized by sharing it with many men.

Negotiable instrument act 1881 defines a promissory NOTE as “an instrument in writing containing an UNCONDITIONAL undertaking SIGNED by the MAKER to pay a certain SUM of money only, to or to the order of a certain person”.

Negotiable instrument act 1881 defines a promissory note as “an instrument in writing containing an unconditional undertaking signed by the maker to pay a certain sum of money only, to or to the order of a certain person”.

A FOREIGN bill is ONE which is drawn in INDIA and MADE payable in a foreign country or drawn on one who is a resident of a foreign country.

A foreign bill is one which is drawn in India and made payable in a foreign country or drawn on one who is a resident of a foreign country.

Bill DRAWN and made PAYABLE in India as well as bill drawn upon a PERSON residing in India is called an Inland Bill.

Bill drawn and made payable in India as well as bill drawn upon a person residing in India is called an Inland Bill.

A BILL FALLS DUE only on the third day after the day on which it is STATED to be payable. These extra days allowed for the payment of a bill is CALLED the ‘Days of Grace’.

A bill falls due only on the third day after the day on which it is stated to be payable. These extra days allowed for the payment of a bill is called the ‘Days of Grace’.

A bill is said to be matured on the date which it FALLS due for PAYMENT. This date id called the ‘due date’ or the ‘MATURITY date’ of the bill.

A bill is said to be matured on the date which it falls due for payment. This date id called the ‘due date’ or the ‘maturity date’ of the bill.

The negotiable instruments act, 1881 defines a ‘bill of exchange’ as “an instrument in WRITING containing an UNCONDITIONAL order, signed by the MAKER, DIRECTING a certain person to pay a certain SUM of money only to, or to the order of a certain person or to the bearer of the instrument.

The negotiable instruments act, 1881 defines a ‘bill of exchange’ as “an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of a certain person or to the bearer of the instrument.

In a FACULTATIVE endorsement, the endorser WAIVES some of his RIGHTS, like the right to receive notice of DISHONOR.

In a facultative endorsement, the endorser waives some of his rights, like the right to receive notice of dishonor.

It is an endorsement where the ENDORSER specifies that the ENDORSEE or any subsequent HOLDER need not INCUR any expense on the instrument on his account.

It is an endorsement where the endorser specifies that the endorsee or any subsequent holder need not incur any expense on the instrument on his account.

’Endorsement’ or ‘indorsement’ is the ACT of signing the name of the maker of the HOLDER of a negotiable instrument for the purposes of negotiation.

’Endorsement’ or ‘indorsement’ is the act of signing the name of the maker of the holder of a negotiable instrument for the purposes of negotiation.

VARIABLE RESERVE RATIO

Variable Reserve Ratio

OPEN MARKET operations imply the purchase and SALE of GOVERNMENT securities by the Central Bank in the open market.

Open market operations imply the purchase and sale of government securities by the Central Bank in the open market.

Qualitative credit CONTROLS are used when it WANTS to control the use of funds made available by the commercial banks to CUSTOMERS

Qualitative credit controls are used when it wants to control the use of funds made available by the commercial banks to customers

QUANTITATIVE CREDIT CONTROLS are USED when it wants to CONTROL the total supply of money

Quantitative credit controls are used when it wants to control the total supply of money

Exchange banks EXTEND financial ASSISTANCE to foreign trade and DEAL in foreign exchange.

Exchange banks extend financial assistance to foreign trade and deal in foreign exchange.

A RECURRING SEQUENCE of CHANGES BUSINESS ACTIVITY.

A recurring sequence of changes business activity.

The unrestricted international TRADE either with no CUSTOMS DUTIES or with customs duties which are USED to create revenue.

The unrestricted international trade either with no customs duties or with customs duties which are used to create revenue.

An ORGANIZED MARKET for BUYING and SELLING future contracts

An organized market for buying and selling future contracts

A CHEQUE DRAWN by some one who KNOWS there is no money in the BANK account he is drawing on.

A cheque drawn by some one who knows there is no money in the bank account he is drawing on.

A minimum AMOUNT payable, for EXAMPLE, on the lease of MINE.

A minimum amount payable, for example, on the lease of mine.

It is a court order attaching the funds of the judgement debtor in the HANDS of a third PARTY in favour of the judgement-creditor.

It is a court order attaching the funds of the judgement debtor in the hands of a third party in favour of the judgement-creditor.

It refers to funds that move quickly from ONE COUNTRY to another in SEARCH of the highest rate of interest.

It refers to funds that move quickly from one country to another in search of the highest rate of interest.

A extensive negotiations of multilateral tariff AGREEMENTS, within the LIMITS SET by the General Agreement on Tariffs and Trade, investigated by the late American PRESIDENT Kennedy.

A extensive negotiations of multilateral tariff agreements, within the limits set by the General Agreement on Tariffs and Trade, investigated by the late American President Kennedy.

COLLOQUIAL NAME for SPECIAL DRAWING rights or similar suggested schemes

Colloquial name for special drawing rights or similar suggested schemes

ONE THING in RETURN for ANOTHER CONSIDERATION

One thing in return for another consideration

It is the WASTEFUL or uneconomic labour INDULGED in by a firm to BOOST cost of PRODUCTION.

It is the wasteful or uneconomic labour indulged in by a firm to boost cost of production.

A group of PEOPLE (a committee or BOARD) who were GIVEN RESPONSIBILITY to exercise authority jointly over Specified activities of others.

A group of people (a committee or board) who were given responsibility to exercise authority jointly over Specified activities of others.