Question
Factoring and forfeiting are two different ways of
extending credit by financial institutions. Which of the following is NOT a difference between factoring and forfeiting?Solution
In Factoring the seller receives payment in 2 instalments; majority (around 75-90%) is received at the time of sale of invoice and the balance at the end of the invoice maturity. While in forfeiting the funding is provided 10% upfront at the time of sale of export invoice.
Which of the following represents importance of consumer protection from business point of view?
What is the maximum penalty that can be imposed on a PIO for delay?
If a bank employee notices a senior manager manipulating loan records and reports it, this is called:
Which schedule of the RTI Act lists exempted security organizations?
Which of the following is an internal factor that influences entrepreneurs?
Planning is required at all levels of management as well as in all departments of the organisation. It is not an exclusive function of top management n...
What is the core focus of "Utilitarian Ethics"?
Which of the following is not a characteristic of a non-durable good?
Given below are two statements:
Statement I: 'Diversification' means adding new lines of business.
Statement II: Differentiation mean...
An information seeker asks for a copy of the inspection report of a dam conducted by the Central Water Commission. The PIO can legitimately deny this in...
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