Option 3 is not a promissory note as definite sum is not mentioned. According to Section 4, a promissory note is: · An instrument (not being bank note or currency note) in writing · Containing an unconditional undertaking · Signed by the maker · To pay a certain sum of money only to or to the order of , a certain person , or to the bearer of the instrument. Ex- I promise to pay B or order Rs 500.
What is the term used for options that do not have offsetting positions?
A person or their relative or partner who is indebted to the company for an amount exceeding what threshold is disqualified for the appointment of an au...
Consider the following statements regarding the financial center of Shanghai:
1) Shanghai is the largest city in China and the economic hub of th...
Which of the following securities are cleared and settled by Clearing Corporation of India Limited (CCIL)?
When the spot price of a Call Option is less than the strike Price of an Option, the Option is said to be _______
Which of the following statements about stock markets is/are correct?
1) Stock markets provide a platform for companies to raise funds t...
Who introduced the concept of 'Accredited Investors' in the Indian securities markets?
What does a decreasing inventory turnover ratio usually indicate about a firm
Consider the following statements regarding the use of bullion:
1) Bullion can be used for investment purposes as a hedge against inflation.
...Which of the following statements is/are correct regarding National Stock Exchange (NSE) in India?
1) NSE was established in 1992.
...
