Consider the following statements: ...Read more
Hydrofluorocarbons (HFCs) are synthetic chemicals widely employed in industries, mainly for refrigeration and cooling purposes. These man-made compounds were introduced as alternatives to ozone-depleting substances that are being phased out under the Montreal Protocol. HFCs are specifically designedRead more
Hydrofluorocarbons (HFCs) are synthetic chemicals widely employed in industries, mainly for refrigeration and cooling purposes. These man-made compounds were introduced as alternatives to ozone-depleting substances that are being phased out under the Montreal Protocol. HFCs are specifically designed for applications in refrigeration, air-conditioning, aerosol propellants, and insulating foams, with additional, smaller roles in fire protection and as solvents. Unlike some other compounds, HFCs lack lubricating properties. Therefore, the correct option is Only three.
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Infrastructure Investment Trusts (InVITs) gather funds from investors, which are subsequently directed into infrastructure projects. As pooled investment vehicles, they function similarly to mutual funds. However, while mutual funds predominantly invest in stocks and bonds, InVITs focus on infrastruRead more
Infrastructure Investment Trusts (InVITs) gather funds from investors, which are subsequently directed into infrastructure projects. As pooled investment vehicles, they function similarly to mutual funds. However, while mutual funds predominantly invest in stocks and bonds, InVITs focus on infrastructure-related ventures. The returns generated by InVITs are distributed to investors through four primary methods: interest on capital, dividends, rental income, and repayment of capital. Previously, interest, dividends, and rental income earned by unit holders were taxable, but repayment of capital was exempt from tax. However, the Finance Act of 2023 introduced a provision to tax certain portions of capital repayment in specific cases, making Statement 1 incorrect. Additionally, the Finance Act of 2021 amended the SARFAESI Act of 2002 to recognize pooled investment vehicles, including REITs and InVITs, as borrowers under the Act, making Statement 2 correct.
Therefore, the correct answer is Statement-I is incorrect but Statement-II is correct.
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