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NEW QUESTION 53
Asset freezing legislation generally permits a person to make the following payments into a frozen account without the need for a licence from OFSI, so long as those funds are frozen after being paid in which of the following?

A. Any interest on the accountB. Any payments due to a designated person under contractsC. Any earnings on the accountD. Any trademarks and patents created within the accountE. Any agreement or obligations that were concluded or arose before the date the person became sanctioned

Answer: A

 

NEW QUESTION 54
According to OFSI, what from the listed below can be defined as as fundsas?

A. Interest, dividends or other income on or value accruing from or generated by assetsB. Deposits with financial institutions or other entitiesC. Cash, cheques, claims on money, drafts, money ordersD. Letters of creditE. Materials and equipment

Answer: A,B,C,D

 

NEW QUESTION 55
The economic incentives are effectively used to achieve substantive goals.
What other purposes are addressed by these incentives under sanctions?

A. A state to surrenderB. To change the public behaviorC. To reform a state for betterD. An individual to give up assetsE. A targetted state to compel or change their policy

Answer: E

 

NEW QUESTION 56
If the efforts for settlement between member states failed, and even the League council report failed to reach unanimity, how can member states resolve their problem?

A. They can take action as they see fit to uphold justice and justiceB. They are bound to obey the Security CouncilC. They have no right to exercise their civil rightsD. They have reserved the right to safeguard themselves and their integrityE. They will cease their hostilities

Answer: A,D

 

NEW QUESTION 57
Aware of the imminent disaster, the Minister of Agriculture and industry leaders met in December 1965 to implement a recovery plan. They have formed the Tobacco Corporation. Tick the facts of this corporation correctly mentioned.

A. The Corporation was made up of twelve members: two representing growers and ten representing merchants.B. It was the contractual monopoly responsible only for the collection of the crop.C. This new body operated under 11 terms of reference, the first three of which maximized the number of growers.D. It facilitated the growers to generate a crop from 1966 to 1967 and to ensure the security of world markets.

Answer: C,D

 

NEW QUESTION 58
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