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1
Duty under the Indian Stamp Act, in case of policy of fire insurance, is payable by:
  • A
    the person issuing the policy
  • B
    the person effecting the insurance
  • C
    jointly by the person issuing the policy and the person effecting the insurance
  • D
    none of the above
2
Duty under the Indian Stamp Act, in case of a lease, is payable by:
  • A
    the lessor
  • B
    the lessee
  • C
    the lessor and lessee equally
  • D
    none of the above
3
Who prescribe the rate of exchange for the conversion of foreign currency into the currency of India for the purpose of calculating stamp duty:
  • A
    President of India
  • B
    Reserve Bank of India
  • C
    Central Government
  • D
    World Bank
4
The penalty may be recovered, in case any instrument not duly stamped as per the Indian Stamp Act, by:
  • A
    State Government
  • B
    Collector
  • C
    Central Government
  • D
    District Courts
5
Which maxim denote the purpose of "res judicata":
  • A
    Interest rupublicae ut sit finis litum
  • B
    Nemo debet lis vexari pro una eadem causa
  • C
    Resjudicata pro veritate occipiture
  • D
    All of the above

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