Question $1$:$-$ Which of the following statements is not true with regard to Commercial paper?

a$)$ Is a long$-$term unsecured promissory note with a fixed maturity period.

b$)$ It usually has a maturity period of $15$ days to one year.

c$)$ It is sold at a discount and redeemed at par.

d$)$ Companies use this instrument for bridge financing.

Question $2$:$-$ Indirect rate in foreign exchange means

a$)$ The rate quoted with the units of home currency kept fixed.

b$)$ The rate quoted with units of foreign currency kept fixed.

c$)$ The rate quoted in terms of a third currency.

d$)$ None

Question $3$:$-$ The minimum lease payment is defined as including all of the following components except:

a$)$ a bargain purchase option;

b$)$ a guaranteed residual value;

c$)$ the lease payments occurring over the lease term;

d$)$ contingent rentals.

Question $4$:$-$ Where a lessee does not expect to purchase a leased asset, the asset must be depreciated across:

a$)$ its useful life;

b$)$ the full economic life of the asset;

c$)$ a period not exceeding $5$ years;

d$)$ the shorter of the lease term or $20$ years.