Question
Under Section 45MC of the RBI Act, 1934, a non-banking
financial company shall be deemed unable to pay its debt if it fails to meet a lawful demand within how many working days, and the Bank certifies this in writing?Solution
Section 45MC empowers the Bank to file a winding up petition against a non-banking financial company on grounds such as inability to pay its debts or disqualification under Section 45-IA. Under Section 45MC(2), a company is deemed unable to pay its debt if it has refused or failed to meet within five working days any lawful demand made at any of its offices or branches, and the Bank certifies in writing that the company is unable to pay its debt. The relevant period is five working days.
Statements: K ≥ N = I ≥ H ≤ U; B = S ≤ I
Conclusion: I. B < K II. B = K
...Statements:  V ≥ W > X = Y, C > D = E ≥ V
Conclusions :
I. E ≥ W
II. D ≥ Y
III. C > V
ÂStatement: X≤Y<W =Z ≤U<S;S>T ≥V
I. Z≥T
II. Z > X
What should come in the place of [@] and [%] sequentially, in the given expressions to make ‘H > A’ always true?
A < B ≤ C [@] D = E [%] F ...
Statements: I = E ≥ A; L ≥ K ≥ B ≥ M ≥ E
Conclusions:
I. B ≥ I
II. I < L
III. K ≥ A
In these questions, relationship between different elements is shown in the statements. The statements are followed by conclusions.
Statements:...
Statements: J $ K, K * T, T @ N, N © R
Conclusions:
 I. J $ T                  II.R * T               �...
Which of the following symbols should replace the question mark (?) in the given expression in order to make the expressions ‘E ≤...
Statements : M ≤ N; O < R; O = N; S ≥ Q; N > S
Conclusions :
(i) Q < M (ii) N ≥ Q (iii) M > R
...Statements: H < I; J < L < K; H ≥ L > M
Conclusions:
I. J < I
II. M < K
III. K > I
