How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ?

Related Mcqs:

Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?

A. A precise list or enumeration of financial transactions B. Money deposited for checking savings or breakage use C. A customer having business or credit relationship with a firm D. All of these...

What is referred by interest ?

A. Payment made for the use of another person’s money B. payment made for the use of bank’s money C. Share in profit D. Devaluation in the currency...

What is Euro ?

A. Deposit outside one’s home country but in the home country currency B. European currency unit, introduced on January 1, 1999 C. Both of them D. None of them...

Estimated income and plane for expenditure is called Budget. What is Budget deficit ?

A. Less Public spending than amount of revenue corporation B. Balance between public spending and amount of revenue C. More public spending than amount of revenue D. None of them...

What would reduce the role of central planning in a economy ?

A. Increasing government spending B. Increasing public ownership of firms C. Increasing the role of markets D. Removing the profit motive...