Q. The first bank in India to start factoring business is
✅ Correct Answer: (B)
SBI,
Financial Services MCQs and Notes
Q. Under factoring the factor acts in the capacity of
✅ Correct Answer: (C)
a holder for value,
Q. Trade debts have to be assigned in favour of the financing company under
✅ Correct Answer: (C)
factoring,
Q. In India, the company which actually deals with the corpus of the mutual fund is called
✅ Correct Answer: (C)
asset management company
Q. The best suited fund to the business people is
✅ Correct Answer: (C)
growth fund,
Q. The process of managing the sales ledger of a client by a financial service company is called factoring
✅ Correct Answer: (A)
Factoring
Q. Which of the following is a fee based service
✅ Correct Answer: (C)
capital issue management
Q. In the implementation stage of a project, venture capital firms provide ————— finance
✅ Correct Answer: (C)
Start up