List of practice Questions

Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R:
Assertion A: J-I-T is an inventory management Technique in which the carrying cost of Goods is minimum.
Reason R: J-I-T is the cost control technique in which no need to store the stock of Goods.
In the light of the above statements, choose the most appropriate answer from the options given below:

The Non-Performing Assets (NPAS) of Banking organization includes advances whose interest or principal amount remain overdue for a period of:

The tax Rates in India is fixed by:

_______is a function of the costumer's perception, his/her attitude towards it, and the economic value or price that the customer attaches to the brand:

The measure of total market value of all final goods and services produced in the domestic economy during a period of one year plus in come earned by the foreigners in the country minus income earned by countrymen from abroad is called:

The Inflation occurs when the aggregate demand increases at a much higher rate than the aggregate supply is called:

The LM curve is a locus of points showing equilibrium points of the money market at different levels of:
A. Interest
B. Supply of money
C. Income
D. Consumption
E. Demand for money
Choose the correct answer from the options given below:

In the central Govt. Budget, which one is treated as the capital receipt:

GATT was replaced by WTO on:

TRIMS Stands for:

The cost audit is important for management because :
A. Cost audit helps in determination and allocation of cost of product.
B. It helps to identify wastage, inconsistency and irregularity in production.
C. It helps in proper valuation of inventory.
D. It facilitates settlement of industrial disputes.
E. It serves as a basis to charge tax on the cost of finished goods.
Choose the most appropriate answer from the options given below :

v

As per the Government definition of BIMARU, the following states are treated as BIMARU :
A. Madhya Pradesh.
B. Uttarakhand
C. Rajasthan
D. Uttar Pradesh
E. Andhra Pradesh
Choose the correct answer from the options given below :

The capital Market in India does not include:

Which of the following is not a tangible customer value ?

Arrange the steps involved in product life cycle in correct sequence:
A. Introduction
B. Growth
C. optimum sales Realization
.D. Maturity
E. Decline
Choose the correct answer from the options given below:

The pricing strategy that seeks to exploits economics of scale by pricing the product below the competitor's in one market and adopting a penetration strategy in another is called:

The life insurance that runs only for a limited period or upto a particular age not exceeding the age of 70 years is known as:

A Ltd Co. Registered their Business in SEZ and start the manufacturing of hand made wooden articles. The Business generated hand some profit. At the end of the financial year. They submitted ITR within the due date and claiming deduction under section 80-IAB by submitting the relevant documents to the Tax Authority. The Reduction of Tax liability in this way is known as:

The Alternative minimum tax (sec.11S JC) will be calculated on:

As per income Tax provision, ITR-6 will be applicable for:

For Assessment of firm and calculating tax liability the correct sequence of Income Tax provision will be:
A. Calculation of Income under various heads
B. Calculation of total income and tax liability
C. Adjustment of deduction from Gross total income
D. Define residential status of firm
E. Set-off and carry - forward of losses
Choose the correct answer from the options given below :

An audit which is authorized, governed and made compulsory under any statue is called:

Given below are two statements
Statement I: Vouching is a process of substantiating the occurrence of the transactions recorded in the books of accounts with reference to relevant documentary evidence.
Statement II: Verification is a process of substantiating existence of assets and liabilities with reference not only to relevant documentary evidence but it also includes forming an expert opinion on different aspects.
In the light of the above statements, choose the most appropriate answer from the options given below:

The following are considered as Traditional media for advertising except :