estion 1

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I. Holding companies are controlling majority of fixed assets in the subsidiary companies.
II. Holding companies are controlling majority of voting rights in the subsidiary companies.
In the above two statements:

a.

Both the statements are not correct

b.

Only Statement I is correct

c.

Only Statement II is correct

d.

Both the statements are correct

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Question 2

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Saud Bahwan Group management wants to open an account for business purpose. Due to the nature of business, they want to get letter of credit facility for international trade. What is the most suitable type of account you suggest?

a.

Time deposit account

b.

Running Account

c.

Overdraft Account

d.

Money market deposit Account