Question : Hindustan Housing Finance Ltd., an unlisted company, has outstanding 20,000, 8% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each. Out of these, 5,000 debentures are to be redeemed on 31st December, 2020. Debentures Redemption Reserve should be
Option 1: Rs. 1,37,500
Option 2: Rs. 2,50,000
Option 3: Nil
Option 4: Rs. 3,50,000
Correct Answer: Nil
Solution : Answer = Nil.
Housing Finance Companies (HFCs) registered with National Housing Bank; Other Listed Companies DRR is not required. Hence, the correct option is 3.
Question : Choose which of the following statements is true.
Option 1: Debentures Redemption Reserve is set aside by all the companies except All India Financial Institutions regulated by RBI and Banking Companies.
Option 2: Amount is set aside to Debentures Redemption Reserve by Unlisted Companies which are not Non-Banking Finance Companies (NBFCs) or Housing Finance Companies (HFCs).
Option 3: Amount is set aside to Debentures Redemption Reserve by all Unlisted Companies.
Option 4: Debentures Redemption Investment is made by the companies required to set aside amount to Debentures Redemption Reserve.
Question : Angel Ltd., a stockbroker, purchased 5,000 shares of Tata Housing Ltd. It is
Option 1: Operating Activity
Option 2: Investing Activity
Option 3: Financing Activity
Option 4: General Activity
Question : Which of the following is not a function of the National Housing Bank?
Option 1: Regulating the housing finance sector
Option 2: Providing credit to the housing sector
Option 3: Developing housing infrastructure
Option 4: Regulating the stock market
Question : Which of the following is not a type of financial market?
Option 1: Stock market
Option 2: Commodity market
Option 3: Housing market
Option 4: Labor market
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