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Questions and Answers
What is the responsibility of the factor in a factoring arrangement?
What is the responsibility of the factor in a factoring arrangement?
- Sales ledger administration (correct)
- Marketing strategies development
- Human resources functions
- Inventory management
Which legislation regulates factoring business in India?
Which legislation regulates factoring business in India?
- Factoring Regulation Act, 2011 (correct)
- Factoring Control Act, 2010
- Cash against Invoices Act, 2009
- Invoice Financing Law, 2012
How does factoring benefit businesses?
How does factoring benefit businesses?
- Enhances efficiency in managing receivables (correct)
- Delays cash flow
- Increases tax liabilities
- Reduces credit control
In full-service factoring, who bears the losses if the buyer fails to pay?
In full-service factoring, who bears the losses if the buyer fails to pay?
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What does factoring involve?
What does factoring involve?
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What is the primary function of financial markets?
What is the primary function of financial markets?
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What do financial markets rely on to determine prices?
What do financial markets rely on to determine prices?
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Which institutions are major purveyors of credit in India?
Which institutions are major purveyors of credit in India?
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What characterizes the term structure of the credit market?
What characterizes the term structure of the credit market?
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In financial markets, how are prices typically determined?
In financial markets, how are prices typically determined?
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What role do non-institutional sources of credit play in the credit market?
What role do non-institutional sources of credit play in the credit market?
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Why do financial markets operate with low transaction costs?
Why do financial markets operate with low transaction costs?
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