Himachal Pradesh Statistical Assistant Exam 31 Oct 2020 (Official Answer Key)

141. When a right to sell a security is acquired, it is known as
(A) call option
(B) put option
(C) double option
(D) single option

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142. A certain percentage of the sum assured is paid periodically according to the terms of policy is known as
(A) Term Policy
(B) Endowment Policy
(C) Money Back Policy
(D) Group Insurance Policy

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143. What is called to buying of shares by taking money from błon
(A) Margin Trading
(B) Curb dealing
(C) Badla
(D) Forward

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144. Which amongst the following is not a Head of Income
(A) Salaries
(B) Income from House Property
(C) Capital gains
(D) Income from exports

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145. According to Section 2(24) of Income Tax Act, 1961, definition of income is
(A) Inclusive
(B) Exhaustive
(C) Exclusive
(D) Descriptive

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146. Previous year is defined in which section of Income Tax Act, 1961 ?
(A) Sec. 2(34)
(B) Sec. 2(9)
(C) Sec. 3
(D) Sec. 4

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147. A person becomes member of HUF by
(A) Contract
(B) Agreement
(C) Popularity
(D) Status

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148. Income tax is charged in
(A) Financial year
(B) Assessment year
(C) Previous year
(D)Accounting year

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149. Amongst the following who is empowered to Levy tax on agricultural income?
(A) Centre Govt.
(B) State Govt.
(C) Commissioner
(D) President

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150. Where both parties are under mistake as to matter on of fact, the agreement will be
(A) Enforceable
(B) Voidable
(C) Not void
(D) void

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151. A promise made without intention to perform is
(A) Misrepresentation
(B) Fraud
(C) Undue influence
(D) Coercion

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152. Which of the following persons can perform the contract ?
(A) Promisor alone
(B) Legal representative of promisor
(C) Agent of the promisor
(D) All of these

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153. The term “goods” under Sale of Goods Act, 1930 does not include
(A) Goodwill
(B) Actionable claims
(C) Stocks and shares
(D) Invested crops

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154. An offer may lapse by
(A) Revocation
(B) Counter offer
(C) Rejection of offer by offeree
(D) All of these

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155. The Sale of Goods Act, 1930 deals with
(A) Sale
(B) Mortgage
(C) Pledge
(D) All of these

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156. In case of illegal agreements, the collateral agreements are
(A) Valid
(B) Void
(C) Voidable
(D) None of these

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157. Which of these is not mentioned in tender ?
(A) Date
(B) Sign
(C) Notice number
(D) Designation

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158. India’s Foreign Exchange Rate System is
(A) Free float
(B) Managed float
(C) Fixed
(D) Fixed target of Band

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159. Industrial Finance Corporation of India (IFCI) was established in
(A) 1946
(B) 1947
(C) 1948
(D) 1949

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160. In which of the following market structure is the degree of control over the price of its product by a firm very large ?
(A) Imperfect competition
(B) Perfect competition
(C) Monopoly
(D) Both (A) & (B)

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