ECONOMICS
BALANCE OF PAYMENTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Loans raised overseas which finance corporate takeovers in Australia are:
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Credits on the capital account
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Credits on the current account
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Debits on the capital account
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None of the above
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Explanation:
Detailed explanation-1: -The statute of limitations on the assessment of transfer pricing adjustments is 7 years.
Detailed explanation-2: -Therefore, financing for a domestic acquisition is generally procured from non-banking financial companies (NBFCs) or by the issuance of non-convertible debentures (NCDs) by the acquirer, which can be subscribed to by foreign portfolio investors (FPIs), mutual funds and alternate investment funds (AIFs).
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