Question
According to which rule of interpretation meaning of
words should be known from its accompanying or associating words?Solution
The “Noscitur a Sociis” i.e. “It is known by its associates”. In other words, meaning of a word should be known from its accompanying or associating words. It is not a sound principle in interpretation of statutes, to lay emphasis on one word disjuncted from its preceding and succeeding words. A word in a statutory provision is to be read in collocation with its companion words. Although, this principle has some inherent limitations.
Which of the following will be considered as the long-term objective of financial management?
Project A has cash flows of â‚ą-10 lakh (initial), â‚ą3L, â‚ą4L, â‚ą5L over 3 years. Project B has the same initial investment but generates â‚ą6L, â‚ą4...
According to the Companies Act, 2013, every listed company must constitute an Audit Committee. Which of the following is not a role of this committee?
As per the Companies Act, 2013, CSR provisions are applicable if the company meets which of the following thresholds in any financial year?
Which of the following is not permitted in a Small Account under RBI’s KYC Directions?
Which risk is a bank facing due to the mismatch between its assets and liabilities tenure?
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
The insurer leases 15 branch premises (3–5 years) with renewal options it is reasonably certain to exercise. Rent has fixed and variable (sales-linked...
In relation to Employee Stock Option Plans, which of the following statements are correct?
(i) Employee Stock Option Plans are increasingly being...
A company has Net Sales of â‚ą1,000 lakhs, Net Profit of â‚ą80 lakhs, Total Assets of â‚ą750 lakhs, and Equity of â‚ą250 lakhs.
Calculate Return ...
