Correct Answer: The company has the option to buy back the shares

Solution : The correct answer is (c) The company has the option to buy back the shares

Redeemable preference shares are those that the issuing company has the option to buy back or redeem after a certain period, as specified in the terms of the share issue. This provides the company with flexibility in managing its capital structure and financial obligations. It does not involve converting shares into debentures, granting voting rights to preference shareholders , or guaranteeing fixed dividends.

Correct Answer: Debentures

Solution : The correct answer is (c) Debentures

Debentures are long-term debt instruments issued by companies to raise funds from the public or institutional investors. Holders of debentures are creditors of the company and are promised a fixed rate of interest and repayment of the principal amount at maturity. Unlike equity shares, debenture holders do not have ownership rights in the company.

Correct Answer: All of the above

Solution : Following are the steps of organising process:
1. Identifying and dividing the work into manageable activities,
2. Departmentalisation/Departmentation,
3. Assignment of duties to job positions, and
4. Establishing reporting relationships.
Hence, the correct option is 4.

Correct Answer: Capital market

Solution : The correct answer is (d) Capital market

The capital market is primarily involved in raising capital for long-term investments. The capital market is where long-term financial instruments such as stocks, bonds, and other securities are bought and sold. It's a marketplace for businesses and governments to raise funds for long-term projects, investments, and expansion. The capital market includes both the primary market where new securities are issued and sold for the first time, and the secondary market where existing securities are traded among investors. On the other hand, the money market deals with short-term debt instruments and is more focused on liquidity and short-term financing.

Correct Answer: Allocation of resources

Solution : The correct answer is (c) Allocation of resources

Allocation of resources is not a function of SEBI. SEBI primarily focuses on regulatory, protective, and developmental functions within the securities market. The allocation of resources is a broader economic concept related to efficient distribution and utilization of resources in the economy, and it is not specifically a role of SEBI.

Correct Answer: Public Accounts Committee

Solution : Correct answer is Public Accounts Committee

CAG is a friend, philosopher and guide for the public accounts committee of the Parliament CAG is an independent authority under the constitution of India. Article 148 deals with the CAG appointment and conditions of service And article 149 deals with the duties and powers of the CAG.

Current CAG is Girish Chandra Murmu.

Public Accounts Committee has 22 members, 7 from Rajya Sabha & 15 from Lok Sabha..

Since you already have a post-graduate degree and experience working in the accounts and finance department, you can pursue professional certifications in the field to get an increment in your salary. Certifications like CPA or CMA can enhance your skills leading to better salary prospect.

You can also consider courses in areas such as financial analysis, risk management, or taxation.

I hope this helps,

Thank you

Correct Answer: President of India 

Solution : The Correct Answer is-  President of India 

According to Article 280, the Finance Commission is a constitutional entity. A Finance Commission must be appointed by the Indian President every five years or sooner. It serves as a constitutional body that distributes certain revenue resources between the Union Government and the State Governments. Establishing a sound financial and beneficial relationship between the federal government and the state governments was the main motivation behind the establishment of the Finance Commission of India.

Correct Answer: Finance Commission

Solution : The correct answer is the Finance Commission.

According to Article 280 of the Indian Constitution, the Finance Commission of India is established every five years by the Indian President. It is an advisory body that deals with the distribution of tax revenues among the states and the federal government. Dr. N. K. Singh served as the commission's chairman, along with Ajay Narayan Jha, Prof. Anoop Singh, Ashok Lahiri, Prof. Ramesh Chand, and Arvind Mehta.

Correct Answer: Achieving long-term financial goals and stability

Solution : The correct answer is (c) Achieving long-term financial goals and stability

Financial planning in a business involves creating a comprehensive strategy to manage financial resources efficiently, allocate funds effectively, and achieve both short-term and long-term financial objectives. It's about ensuring the company's stability and growth over time, managing risks, optimizing resource utilization, and making informed decisions to achieve sustainable success in the long run. The goal is to achieve financial stability and meet the company's long-term goals and objectives, rather than focusing solely on short-term operational needs or maximizing profits at any cost.