Nikhilesh, a science student at Kingston Higher Secondary School, Trichy, completed Class 12 and left India on 5th August 2024 to pursue a two-year…

Nikhilesh, a science student at Kingston Higher Secondary School, Trichy, completed Class 12 and left India on 5th August 2024 to pursue a two-year Bio-engineering programme in Germany. During his studies, he required USD 60,000 per year for tuition and incidental expenses, and anticipated possible additional expenses due to rising living costs or unforeseen circumstances abroad. He returned to India on 25th December 2025 and established "Sargam Ventures Private Limited" at Trichy. The company needed to import machinery worth USD 250,000 from a German supplier on three months' credit, and some overseas creditors were willing to extend loans to the company. After installing the machinery, the company began manufacturing and built strong domestic and export demand; some European buyers made advance payments for its products, which the company accepted. In light of the above facts, answer the following Multiple Choice Questions (Each MCQ 2 Marks):