CSI CSC1 Dumps Questions Answers

A shareholder can exercise their voting rights at an annual general meeting either in person or by designating another person to act on their behalf through a proxy. A proxy is a legal document where the shareholder appoints someone else to vote on their behalf. This is critical forshareholders who cannot attend the meeting themselves, as it ensures their voting power is not lost.

To reduce a national deficit, governments canincrease taxationto generate more revenue. This measure, combined with controlled spending, helps reduce the shortfall between revenues and expenditures.

B. Increase government spending: This would increase the deficit further unless matched by revenue increases.

C. Decrease taxation: This would reduce revenue and worsen the deficit.

D. Increase interest rates: This impacts monetary policy and borrowing costs but does not directly reduce a fiscal deficit.

In a general partnership, all partners share the responsibility of managing the business and are personally liable for its debts. This contrasts with a limited partnership, where limited partners have liability restricted to their investment.

Option A:Describes a limited partnership.

Option B:General partnerships do not issue equity to raise funds.

Option C:General partnerships are not distinct legal entities; liability is shared.