Option “C” is correct. Annual financial statements are financial reports based on a 12 month consecutive time period. The most common set of financials are based on the calendar year, but they can also be based on a company’s fiscal year.
62.
What is the full form of “NCND”?
a.
b.
c.
d.
Option “B” is correct. An NCND, also called a non-circumvention/non-disclosure agreement, is used in the early stages of a business agreement. It is commonly used when the buyer and seller aren’t familiar with each other but have been connected by a broker or middleman to make a transaction. An NCND agreement makes sure that the brokers or intermediaries aren’t left out of the transaction. In other words, it is an agreement to protect the broker in case the buyer and seller want to pursue the deal but leave the broker out of it.
63.
What is the full form of “IRA”?
a.
b.
c.
d.
Option “D” is correct. An individual retirement account (IRA) is a savings account with tax advantages that individuals can use to save and invest long term.
64.
What is the full form of “ETF”?
a.
b.
c.
d.
Option “A” is correct. An exchange traded fund (ETF) is a type of security that tracks an index, sector, commodity, or other asset, but which can be purchased or sold on a stock exchange the same way a regular stock can. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies.
65.
What is the full form of “AFS”?
a.
b.
c.
d.
Option “B” is correct. An available-for-sale security (AFS) is a debt or equity security purchased with the intent of selling before it reaches maturity or holding it for a long period should it not have a maturity date. Accounting standards necessitate that companies classify any investments in debt or equity securities when they are purchased as held-to-maturity, held-for-trading, or available-for-sale.
66.
What is the full form of “SIV”?
a.
b.
c.
d.
Option “C” is correct. A structured investment vehicle (SIV) is a non-bank financial institution established to earn a credit spread between the longer-term assets held in its portfolio and the shorter-term liabilities it issues. They are simple credit spread lenders, frequently “lending” by investing in securitizations, but also by investing in corporate bonds and funding by issuing commercial paper and medium term notes, which were usually rated AAA until the onset of the financial crisis.
67.
What is the full form of “REIT”?
a.
b.
c.
d.
Option “A” is correct. A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate. Modeled after mutual funds, REITs pool the capital of numerous investors. This makes it possible for individual investors to earn dividends from real estate investments without having to buy, manage, or finance any properties themselves.
68.
What is the full form of “PSP”?
a.
b.
c.
d.
Option “C” is correct. A profit sharing plan is a retirement plan that gives employees a share in the profits of a company. Under this type of plan, also known as a deferred profit sharing plan (DPSP), an employee receives a percentage of a company’s profits based on its quarterly or annual earnings. This is a great way for a business to give its employees a sense of ownership in the company, but there are typically restrictions as to when and how a person can withdraw these funds without penalties.
69.
What is the full form of “NDA”?
a.
b.
c.
d.
Option “B” is correct. A non-disclosure agreement or NDA is a written contract between two parties (people or organisations) that prohibits the sharing of confidential information shared between both the ends.
70.
What is the full form of “NBFC”?
a.
b.
c.
d.
Option “A” is correct. A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier’s check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations.