Q. An average lease agreement involves.............
✅ Correct Answer: (A)
Two parties
Financial Services MCQs and Notes
Q. Who can claim investment allowance in relation to leased asset?
✅ Correct Answer: (B)
Lessor
Q. Leased asset is shown in the balance sheet of..................
✅ Correct Answer: (B)
Lessor
Q. The entire lease rental is treated as........ in the books of lessor
✅ Correct Answer: (B)
Income
Q. ............ lease is for a limited period
✅ Correct Answer: (B)
Operating lease
Q. Equipment lease transaction is treated as contract of............
✅ Correct Answer: (A)
Bailment
Q. Which of the following is tripartite system?
✅ Correct Answer: (C)
Leverage lease
Q. Which of the following is not related to securitisation process?
✅ Correct Answer: (D)
None of these.
Q. Which of the following is / are not securitisable asset/debt?
✅ Correct Answer: (B)
Bills receivable
Q. Which of the following is / are securitisable asset/debt?
✅ Correct Answer: (D)
All the above