Brea 50:0 2641 (B2 fom tne dtor oa meryirten SUR pruneua Tater form tori der 150 ate Byars echeie me et te 12 A erent Feed he oe fe kek Ber ee Mf men wen et ae ee mena OM 9 eo et ae aE eat ‘te et wet were Seer ew Sue ter eae ee sem ong eS rere et UG ore a ese el Ss Sew see [7-18 pr tthe ek) of ach gusto we Be RE eka a8 ee ween tra | | dele ach wenger A ne ee me weer oes mrad SS ers eee nee ar Ser ses ects sc tativier|| > Seca aceeamcmeere Wet rat hel od © oe C8 oi a Feet oes oe ger et = So bre ston oe mnete sh Siocon a rss ese preeet Fate wey ae ism at ambos iter rings ‘hi ne ie nti oo =a Do not open this Test Booklet until you are asked todo so. 24-00 TAIMOTHINNAAAM Seue wife srs es rt (1) sere er fateh A | @) SRR ge a a ST wan! (@) fa eae ach rar | © wie a 2(6) 8a ae (Frc ah 2 eH | Ea ‘Soferen3 ae8e © Rawam-ys tata © am ah saa ha sent ere ah 5 car BA a aT Te ha fate a fat tar suiinnaent © weet wesens ora 2 (4) ao () Beat faa Tew sth areola en gee ta ter © Rea a te aw FER feud er @) wea a siren A TT 2(22) ga we athe Hore ten sen za dia-ges te afar Ran 1 © wie stra & an ge 8 et (1) ee ee sr een eH ser fied mk are areer orer & Frets fae rr ere @ tm we HS a the sxfefiay, 1975 320k #1 (3) we afafan a an feet sere a ‘Ret af aieeafeat & frail ten Ors Te TT TAT BF ©) sah Role ef custom duty in International Trade in ) Reducing imports ani caving (@ Gpamising the’ balance of ‘rade and balance of (@ Implementation a0" Foreign Trade Agreements, @ Allo! the above uxt bagel 28 in Oia te toed by has ‘definition of-Goods” and (2) Which aro subject to custom @ ss ch articles maybe riod on ‘te passenger wih hin or = ‘dispatched from abroad i baggage [Link] afar the @ APS the abe Suitable goods ection 2 (14)) (1) Any goods which are chargeable to duty and @) On which duty has not been paid and (8) It is covered by ‘the definition of “Goods” as given in Section 2(22) of this Act and itis given in the Custom Tariff Act, also (@) Allef the above, , Which of the following is related with Custome Duty? G) Customs Duty is levied on the goods imported into India or fogs to be eaported from @ The rates of Costams Duty ar fqven in the Custome ‘Tari () Thr are such (2) There are such circumstances either inthis Act or in. any Sther lew ior ies cons Gutyis not levied" (& Allefthe above8 meng yd ra sams one RYE | 5. Provisions of import duty on aout import of Tobaoce and its products a) after tar are Oa (@) Additional Duty of Customs wls 3a). @ au Som weg oe @ Integrated Goods & Service ‘Tax ws 3(0. (8) OE 309) % Tea He TE de (8) GST Compensation Cess we safe te 39). @ ster @ Alot the above 6 Res Reema ta gain ges oe From the following particulars ahr, caleulate total custom duty payable raha ew aS tee (@ Assessable valvo of imported OR = tear erie GH sme Sor HRA 20% 6 Basic eustom Duty payable at (Gap are ae sen seen Git) The. imy os Siemuscmediaeéaa | ncaa oo nal ges aE ew erat | Excise Duty is ovieble at 125. Gv) wma em soe 10% 6) Social welfare surcharge at @) 3,78.400 (2) €3,44,000 @) €3,78,400 @) €3,44,000 (@) © 2/00,000 (4) & 1/48/00 (8) ©2,00,000 (4) & 1,44,000 7. Ha ew siti % orci ore ‘Time limit for diposal of an appeal (rte) a sen wc ree by the Commissioner (Appeal) in 9) Rion madd {)"Smontis Gy Sra © ome @ HR (@ Smonths —@) 12 months 8, caren re 3 a8 ae aro 88 art Person possessing specified goods Sener ear wera car aT eee te lauimate the lace of torage and fen ait a aon rw a to maintain account if the market eee eee free @) 5,000 (2) € 10,000 ( £5,000 @ # 10,000 soles ano ere @) ©1500) £20,000 | | . | | | | = | oe | | . | | | | ! ! | i 2 2 | 8. What are the basis for levyin ergs seer ed ere ramet? ieee . i ee Q) Specific Du @ RTOS @) AaValorem: @ Ta RieeZeR TATE YES ©) Either a duty or Ad (0 sas Sot (&) None ofthe above10. nL. ro 13, uM oot yew ties Fee, 2007 we Fee & Br as 3s Pre 6) TATE? () Barres (@) Bir era + ws ara (9) faa ra + es ar + A ct © wrt ta ae ‘i yew thes fia, 1975 4 er 80) & wen 2a afta ait Bw rari eae? () 10% @ 125% @ 15% @ 20% Bet sere rer ara wah? ) Fitw arr (2) aitefara are () Toe rT Ta OTS RTE er sree @) siberent fea agai a1 snag Sam oe I sort ae aA eee? (1) phrase ©) Me se 3) en ©) sarah were dar sft, 20177 sea sre Gate (atria ava eat (2) ard wae, HPA aS BE Tae feed aH tet wre ok weal airs # ae nfl & ET sag srg we ew Ft aareniermnt | @ stain (4) sehen 8 we ae What is the formula of Computed ‘Value (Rule 5) for determination of value of export under Customs Valuation Rules 2007 ? GQ) Cost of manufacture @) Gost of manulacsze + Brand charges. (8) Cost of manufacture + Brand charges “+ Amount towards et 4 None of the above |. What is the General effective rate of additional duty of customs payable ws 3(1) of the Customs Tarif Act, 1975 ? ) 10% 12.5% @) 15% G) 20% . Which type of goods are not inluded in Free Imports ? (1) Prohibited goods @) Restricted goods (9) Import of specified goods through state trading enterprises () Allof the above Which commodities can be imported only through state trading enterprises? @) Agricultural products @) Petroleum products @) Urea @) Allof the above Definition of ‘Goods’ does not inelude under GST Act, 2017. (@) Actionable claims @) Growing crops, grass and things attached to or forming par, of land which are agreed to be severed before supply oF under a contract of supply (9) Money and securities, (A) None of the above18. 16. ce 18. 19. aevaider afte 017% srwin_| 15. Definition of ‘Serving door nat Sat Aten aeraet () sire & aren 3 neg wet sre) Peer re © 12,0003 ste wi oleate att ate 3 hada warn Fae fre Sanaa © R ae ® WE wo we, Seater eet were dare deco wemagaet) @) weer TTEN aE STTt @) RRR ee) weer ‘rien fad ara 8 Pd aah A amt ar 8 ar A ome ars 7 (wre ear reine | (2) 9g, Perrier att ofa oe ena | © we ten, sem, weER a aR ear | (©) sere sea Pe | ec omfta ait (1) re sen Se oe a fla 2) wm fatty sis 8a feerasat he seat Sarah aa at ® Materia vote na arta maa A sTEAR A | @) ster ‘afta Gi dO smal seine a waa () Wega deren (Q) Were wad Sear at eT aT | @ Sia damere dare | (Shree er emer | tm 18, under GST Act, 2017, tf weiieetag a ae ‘transactions ia securities. @) Conversion of a note of € 2,000 into the notes. of © 600 denomination for ‘which no consideration is paid. (8) Conversion of foreign eu into Indian currency, for Ww sommissin is payable. (@ Issuing bank draft for ‘exchange of money, for which ‘commission is payable, Concept of Goods and Service Tax () Iki Value Added Tox, {® Burden of tis tax is borne by (9) No Cascading of Taxes. & Aliotthe above From the following activities and trensactions which shall "be treated neither as a supply of foots nor a supply of service GD "Transfer of til of {B) Lease, tenancy and license to occupy land (@ Serviges of funeral, burial, rematorivm or mortuary (Renting of immovable property. Zero rated Supply means GO" Bxpore of goods ot tervices or @ Stony of gods or services or Both ton evloper af Special ® Bi ply of goods or services or oth any ut etched Sn ® re! above 1. If the supply of goods & Service is G)"Ineerated Gavés and Service Tex shall be impos @ Stato Goods and Service Tax shall be imposed (3) Union ‘Territory Goods and Service Tax abal be imposed @ Central. Goods and Service Tax shall be imposed. o20, 21. Wa 22, ‘Ahewe) safe, 2017 eT O(1) rawr erat (1) rae nr A 2) Reraerell A omelet @) we WE & sie TT fama-ma @ stent meter) fora are “Be sa we fy 1 Fees, 2020 eT | mie Swe AT 5 ge, 2020 8 2 ae, 2020 oft hos & wre eH Bs TS 1g argu. 2020 8 ew 2) rw) 29 ae, 2020) sue so a A Er A ST sam flere | (@) 2 rae, 2020 (@) 5 Riaear, 2020 (@) 18 sem, 2020 4) 29 srg, 2020 iin der ah stems ‘wang sear ww Ba 4 afin oe wa a ea wt wee ae se far 20 fe & age TI eT sree 8 1 ir Steg ATT: des mr sre ta a ch 81 ‘efi € 20,000 sft a 8 5 nd #1 me rad, 2020 3 wR ea 3 13. 2020 etre A ‘feat wer win srerpat 3.17 se, 2020 a UR er TA PAT ‘mg wrth, 2020 % fore sifin de “aera Gd win Bar iM “ara Ra re | (1) 138, 2020 () 13:¥9ab, 2020 () 17388, 2020 @ 20-7986, 2020 aa47 | | | | | | | | | | | | | | | | | | | | | | | i | | | | | I ‘ 20. a 22, Peele peerage ce Pareto s eigen es Racers, ee a aaa Ram supplied certain goods to ‘Ganesh on sale or return basis. He removed the goods on 1" September, 2020, which reached to Ganesh on 5% ‘September, 2020 along with invoice dated 2! September, 2020. Ganesh sent his acceptance of goods on 18% October, 2020, Ram received the amount of goods on 29 October, 2020. Determine the time of supply of goods by Ram to Ganesh, G) 2% September, 2020 (@) 5% September, 2020 @) 18 October, 2020 @) 29% October, 2020 ‘A coaching institute provides six monthly coaching services for competitive examination. ‘The recipient of coaching services required to pay monthly % 20,000 within 20 days from the date of commencement of each calendar month. Coaching institute generally issues invoice at the beginning of every month. For the month of January, 2020, the coaching institute issued invoice on 19% January, 2020 and coaching receiver paid the amount on 17 ‘January, 2020, Determine the time ‘of supply of coaching services provided by coaching institute for the month of January, 2020, (1) 1 January, 2020 (@) 13 January, 2020 (8) 17% January, 2020 (4) 20% January, 202023, 24, 25. aff cr aee Pte () FerUM free wer a fear as etl SRE Ra eigat () fertias are stS 8 | (2) meeere Haven 3 fet ad aa are ft tte | (©) wie fobs 8 ty aw eA vate 9 ete ees ga, veo fm mar 81 XYZ Led. we ABC Led. #1 71g wae} 2021 # Saree (@) Sais wand 8 fier au dew Sate) ‘ears 9 ffs, oh her arve & fen &, ah es arc ae a 2021 sey 6 nt fon Bera Sere age BC i; fora aed2 Fal ¢ 40,000, ea sagt art € 50,000 en otal ‘Sixgr f er Fk ¢ 20,000 () 290,000 8 © 70,000 {e500 @ & 20,000 sen one Sere em fpr (Q) 13988, 20178 (2) 1 ae, 20178 @) 1914, 20173 4) 1 yen, 20178 | | | | ! | | | | i | | | ! 23, 2, 25. Value of taxable supplies is determined G)"Value of taxcble supply is the been actualy pid orl aya actually paid ors pagal @) The supplier and recipient of erway am lated ersne ierif they am related persons fiom goneral provisions aball ot fe ei there aro othe fcr inieneng the supply, iterent Provisions shall app (4) All of the above aie From the following purchases find out that purchase on which input tax credit is admissible during the ‘month of January 2021 of XYZ Ltd, @ Goods purchased without (2) Purchases of goods not to be co Benedetti proses Goods purchased against va invoice from ABC Lid. Tax bas been deposited by ABC Ltd. XYZ Lid’ has made payment #0 ‘ABC Lid, for such purchases in the month of January, 2021. Goods. purchased dealer ‘without Cy Compute the total input tax credit available with Bajaj Auto Ltd, manufacturer of olor eye it respect of the filowing services availed ‘by it in the month of ‘March, 2021 Sales promotion services % 40,000, ‘Market, rosoarch services 30,000 and. Health insurance services provided to employes € 20.000, 2) % 90,000. ©70,000 @) 750000 (4) € 20,000 (GST was implemented in India from Q) 18 January, 2017 @) 1s April, 2017, (@) July, 20172. 30, a1. rosrara rama () Internal) ternational & Intepratea @ Thien ‘siewa sfufran, 2017 & uAI 62 coe a 2 et Sea we) Scere eet Saeeda? @ wat @) tral @) Heat 4) seen 8 wi eT head afer, 9017 % eaten ar eA flr aR (0) She reer gem Tat aE aT aE ‘Ream sear sey, Sear ear (@ sent aat @) mee eae A St ot firs wat rahe ais faaet afen aA Pruts foie Q) 1258 (2) 36578 © tam @ wae t aad ae ‘afte (amet) ater _ ere G) sete ee em (2) ara se wes oar (@) Tamer Paar ©) ster seers fata) erg Os eee ‘ff art a Reta at 2020-21 ferewcet eee (1) 5% (2) 6% (3) 12% (4) 18% Fifa HA seed seem, 201735 sae ga (TT eA © aaa (2) faege ei ana @) are e sate © ware 21. 82, | | | | | | | | | | | - Composition What does T in IGST stands for ? (Q) Internal" (2) International @) Integrated (4) Indian ‘Time limit for passing assessment order under Section 62 of GST’ 3017 dest $) and Section thon fier) @ ‘Three years {3 Five sears None ct the above Person lilo to deduct tax at source authority Government agencies. ‘Such persons. ce category of persons as may be noted by the government on the ocommendations ofthe council @) Allof the above Period of retention. of accounts from due date of furnishing annual return is G) 12 month (2) 36 mont (3) 72 mont (@) None of the above scheme is, applicable on. Dealers’ making inter-state @) Bats of Alsi tiqur fr (3) Manufacturer of an Masala. & AMES Ceaactia, ass Eine for such small service “suppliers A eed oe iene ot the pase codons, he Rate ot 2000-21 willbe Gy'om (Do Ge () 1s Find out tax free commodity (goods) under GST Att, 2017 out of the following @) Potato and Onions @) Biscuits and Chocolates (@) Waste Cotton (4) Pan Masalam4. 35. 38, a7. 38. strewn, 2017 & srt Sots at oe i ae een of ei ged i @, ft ofted fer wih Sagr scree @) setae @ waste zn ag © saad sea anita s Pome © wine vwhiga wa Gi Bat ax (oni) __ aa tars feat © Satine fee (2) rer wee 8 er wa a eT () Baten (1) 4 (2) Ft © wie aa eRe ___dantél ® Ashen @ Sb iisage ae @ wb arena emt © were Re aa ap ATE Aa, wr =afes oat jos, | | t | | | | | js | () Peherwen i | | 39, | | | | | | | | | ! 35, @) waren ©) fa Gi rea rer at 4) Seen aa aaa sitar a aed Q) Sarge Aa | (2) fe rata a ec @) Sait wntsa sr (@) aa FeaGe aia Fer | eons ae set (2) Tr safe @ we aged A aaa ts ® Mee ) sar ya Pk fora wer & sitar Hf afa w aree aan, Par wa feat att 7 () asia © ene set (3) shee sitar ) Pago ioe 38, 40. Tf any amount of tax payable by a person to the government under provisions of GST Act, 2017 is not paid, the officer can recover by following modes Heoovary by deduction, ae Recovery by sale of goods. (@) Recovery throath eal of movable @ Micttie abo Integrated Goods and Service Tax GSD) is applicable on the Sale of Goods & Services (1) Inter State sale in India, @ Import of Goods & Services from out of Indi. (3) Above (1) & (2) both G@) None of the above 16. Input tax credit is allowed to G) Anyone who has paid tax. @) Any registered person. @) Any composite dealer, (4) Registered dealer under GST. GSTiis a matter of jurisdiction of — @) Central Government @) State Government @) Both “Central and State Government, () None of the above Auditing means () To prepare accounts books, ‘To prepare finencial statements (@) To make adjustments in accounts. @) To examine the books of accounts, ‘The main objactive of Audit ia (2) Expression of opinion, @) Detection and. prevention of fraud and errors, @) Both () & @) (@) Depends on the type of Audit, In which type of audit checking is done, on the besis of wisdom, faithfulness and economy ? (2) Continuous Audit @) Periodical Audit @) Propriety AuditAl. 42. 43, 44 45. 48. a. 43, rates fae eer @ (arate Fie O) arate ae (@) sriea (1) B (2) () Seana a eae saa 3 sitar wens erm 8 (Beer eres fee (2) Baer aaa AT © Seer sion ed rower Ba @ Sandee eae gE _aftedt mt wear, Frewa ci 8g feat at (RBH aaa aC @) saa data t | @) wearer’ nae © Tee sitar ard caw aie () sara eae @ sans @) ser (2) sep Poa <6) sar ye ent, wet __acrtart | () fat © erewien @) Sater © alee sitar er (@) seer @ sae @) Saree stam get @) sete a ate ae aero a AUR () 13%, 2009 @ 13%, 2010 @) 1a, 2011 (satan a aie et stam RAE Bow ea seh afters, 2013 9) Pa re & ort stars ere Te @ eis @) e140 @ mi @) oT143 | | | | | | | | | | | | | | | | | | | | 10 45 4“ « 4 " 4 a 4, 5. 6. 7. 8. |. Internal control ineludes (2) Internal Check (2) Internal Audit (8) Above (1) & (2) both, G) None of the abov In vouching the Auditor verifies (1) Only the right of transaction. (2 Only certieationof transaction, (@) Right and certification of ‘transaction, both (4) Only arithmetical accuracy of transections. Verification of labiliies is done to ascertain (@) Included in Balance Sheet @) Relating to Business (8) Shown at Correct Value () Allof the above Audit working papers are the ery of EY "Owner of bustess 2) Government @) Auditor {@) Tocome’Tax Department ‘Auditing begins whe:e ends. @) Selling {@) Inventory valuation @) Accounting @) Purchases Environmental Audit a part of _ () Auditing @) Accounting (@) Accounting & Auditing Both (@) None ofthe above Effective date of Audit Documentation is Q) 1 April, 2009 @) 1 April, 2010 @) 1 April, 2011 (@) None of the above ‘The liability of the auditor to submit audit report of a eompany jg stated under’ which Section of Companies Act, 2013? (1) Section 139 (2) Section 140 (8) Section 141) Section 143 Pa49, 51. 52, 53. ‘soot cifras, 2013 era 2040) SR, W] Beh waka fea ‘co & sata a at (2) ain ad a Fag @ Mm sie wR wT Pate af fern (feat ar deep rae Peace @) Reet orate ee Pea sort ifthe, 2019 ara 53 oka sinh ag Pa et ae () wre sie 2) fiona sit ©) Reveal sia @) satan ‘seoh ofien, 2018 fea aT rari wa sitar A Agha wae feta? @) sa139 @) wra40 @ wo @ woz we Auer sidan @ feet of ae ‘ate—rgare a1 afar Ba 8 (1) Bae wer A een GA © ta oh & aa EG saat © wrt A dan gee, saat od sore et © seh Site wi eat at Prcieg eo #8 ata at fea a, eam ree? (2) afer sree we ra wart @ want! @) wei Rege ata iat (4) Web) aera eh a TH sre sae Pee ae | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 50, 51. 52, According to Section 2(40) of Companies Act, 2013. following statement isnot included in financial statements of a company’ G) Balance Sheot “of Financial Satoment St Profit & Loss of Financial Year. (@) Cast flow. statement of Finandal year. (® Funds flow statement of Financial Year. Restriction on issue of share at discount is not applicable according Section 53 of Companies Act, 2013 (1) On Equity Shares (@) On Freference Shares @) On Sweat Equity shares (@) Alloithe above In which Section of Companies Act, 2018 provisions of appointment of first Auditor are given ? () Section 1892) Section 140 (@) Section 141 (4) Section 142 A Statutory Auditor has a right of ‘access at all times to @) Only Books of accounts of the ‘company. (@ Only Books of accounts and documents of the company. @) Books of accounts, documents and vouchers of the company. (®) Notices and documents of the company. 33. Which of the following statement is not true regarding continuous audit ? (1) Te may be carried out on daily basis, (2) Itis expensive. @) A delailed checking of accounts is possible. (4) Tt is needed when the organization has a good internal control system.5. 87, 58. orga athe tft ett (() Fama (2) ihr sea 6 ate (3) aeaftat qe fart ar ara (6) aed i aed 8 wean Wa ora Seal 1 sitar & srereys shea a wafer e (Q) Sater wisi Fae 2) Rees facie a ayer 8 sR () Sarge Aware (4) sre sete duit site sift se, ant () sivas ga aie fet aa way ©) sitee sorte, @) sit ard sian fed Reeea eat a Sem TT? (G) sims daw wR (2) wee a irs er a8 | (@) sia arader gent | 1) sR BPA re HA | areal & Prial & sre a woe vas re ait (2) fw frre esfi| ©) site wh waka gam 8 ate ‘weft afte | ©) sites a ys ceed Ba ae a} are ae wor afte 7 fis fred ga ae | ©) sibew ate ge Gece wT safee | . Basic purpose of auditing covers @) Validity of accounting data. @) Adherence to accounting riniples. (@) Authenticity of books of accounts. (@) All ofthe above Final product of every Statutory Auditor is (@) Documents of the Auditor used to examine. (@) Working papers of Auditor. @) Audit Programme. (4) Audit Report Which statement from _ the {following statements is wrong ? (1) Auditor is not an insurer. @) To give advice is not duty of an auditor. () Duty of an auditor is to give information. (@ Auditor is liable to give ‘compensation. Which is not the duty of a company auditor on the basis of court decisions ? (®) Auditor should be honest. @ Auditor should check ‘substantial accuraey. (@ Auditor should work as a watch dog and. not a bloodhound. (® Auditor should work with suspicion.59, dune sitar cer afk arate Fitts | 59. Who will be responsible for errors | Reeser ateeyani | |{ au bet] Rent Satie weer er wuditor relies on the wot peas Internal Auditor? © See eee @ wer @) Management ©) sient | @) Shareholders pee | ©) Intel Atdor 60. irra / ftom siberian aa 81 is Ee a @) Propriety Audit attic sie | (8) Efficiency Audit 8 orm beat (4) Periodical Audit ) 61, sr en 23, Sang | CBA, meme, canine Seria fe ere Fe ae 5 companies which are engaged = woh anal & fore crra sitar ste following activities under Section idl acweht 128 of Companies Ac, 2013 (0) seme, see Fl (@) Production, processing and eee Mining ©) sie, anfeare aeaas Cement, Cycle and: . wet (cme ee aga | ei I- ee aa, E () Cost control. Sa (2) Cost reduction. @) arma (@) Proper utilization of scarce (@) sia ered sear ara resources (@) are (A) Allof the above 63, shetée sitar fieeratit? | 63. Which is not a feature of Bank Q) mer oe wd ora at See Auaie: All expenses & income have ere et fever ten aiere |) PO expsioee income ave aman fra 1 +f brofi is corertly worked oxt. ©) tere aft & sae (Reporting ” regaring ‘on. shite ae performing assets is not a pat Se. im feature of Bank Ault. ‘ade 81 vrovision of Bank Audit is in @ fer fran atten ote | © Bese te steer sine? | (© The Auditors have to cerety (eae ce Pe a aca ae Sha Balece Shel af the safe fas wt gar es eS te eceesh ot “Seca wt era tnd avi oth Beakot, 65. 67, ‘Pra ceresh 3 aise =a Regar afer wert? @) ret @) ene @) wert eer ) faqs stor sian aed fe ee reat? (@) tm stam i ae Gi ee er a TT | 2) sia eee oft eee er ae | ©) sige dor frame are fe afte, 1999 % meer @ sie | © sive ga ta oie ae gifs wa by rr ar 8 rest a are wee sie ‘wafers fear is chem} wt eu fn fo fifa __ SRR @) 1947 @) 1949 (@) 1980 @ 1999 her sae & ard & weer we sida at wraare fee f (2) wert shee, 2013 @) ter seme (8) Set fren area (a) on fafa i fore sfeiPram, 19993 oa, Of which company audit is known as Balance Sheet Audit ? @) Insurance Company @) Banking Company (8) Holding Company (A) Electricity Companies Which statement is incorrect about Insurance Audit ? (@) Vouching of Income and Expenditure are nocessary for Insurance Audit. (@) Auditor should do verification of Assets and Liabilities, (@) The Auditor is not be conversant with the provision of the Insurance Regulatory and Development Act, 1998. (® Auditor performs an insurance audit to ensure that the customer has paid the appropriate premium for risk covered to hit, ‘The provisions regarding audit of banks are contained in Banking Regulation Act of @) 1947 @ 1049 () 1980 @) 1999 ‘The provisions regarding maintenance of accounts and audit of Insurance company are made under (1) Companies Act, 2018 (@) Insurance Act (@) SEBI Rules (@ Insurance Regulatory and Development Act, 199968, 69, 0. n. vated ge & sia ae oe wae ree HA () ae site zee Rime we cre Fear Rea # fs @ ah Paegertia #1 (2) una 4 snaex after 1961 svete anda Ze AR aril 8 ae wah ome afta al em aa | © sites a am 2 i ay or fara et a eo we worse © qa adtie ze ot acl ibam area afta, 1961 seers aria ct & ‘sari affien, 2013 8 ura 129(7) & sews Beha Ream cil & fore ‘reteset a ia wed we aes 3 wre & ©) Wana walssarerT @ © 50,000 @ & 5,00,000 a #1 pia (@) sete (1) GO) BH sateen ah ‘aor ation, 2013 fst umm Hh Sen gers & cara wee mae? @) orri28 era 129 @ wos) e140 we sible ah fees sen a eT ‘ott ara fea act ta wee? ) Freel gi fee A ate @ Fen Fargas (8) Hen Siete aa ©) See Identify the incomeet_ statement, with reference to charitable trust audit. (@) Trust audit assures the creators of trust and those beneficiaries are reliable. @ Im India the Income Tax Act, 1961, provides for non. inclusion of certain incomes of public trust in their taxable (8) Auditor should verify cash & Bank Balance, Investments and other assets, (®) Many public trust get their accounts audited pursuant to the requirement of Income Tax Act, 1961, |. Penalties for contravention of prescribed norms for financial statements under Section 129(7) of Companies Act, 2018 are (@) Imprisonment for a term upto fone year. @ Fine from % 60,000 to ©5,00,000. (@) Above (1) and (@) both () Allof the above ). Under which Section of Companies Act, 2013 provisions for maintenance of Accounts are given ? @) Section 128 (2; Section 129 (B) Section 184 (4) Section 140 On which matter an auditor should focus at the time of audit of ‘Educational Institution ? (2) Test of Acts and Rules @ Income & Expenditure of Institution (@) Assets & — Linbilities of Institution (@) Allof the above am2. 73, m4. 1. 16. ‘gram site 4 fies wi sige ‘feear arn () ream Gre 2) Sea ea mete S dee wei fate © MF gasinsate @ wie yee siben & agli af ea & ee wt Ce aelanibak sinabl (2) Ten sie St yrs wy sia “afesnfiea fsa 8 | (©) ween site ert | © sete tort stam 4 sintes fam & fore, sere ree wet? (Q) waft fae (2) wet fears fre (3) simmers fear ud diner ‘frag sarah ‘rf sider ea erage wee (2) wea sir @) ama siarr1 © Recta sibewe @ want a aia ‘ernfies sien es som & fer Afra frarwandt wr arora fat mat: ) were a sie @ sas aera (8) Pact ail ih ara dete @ wien . What is an important Inefficiency audit, audit is conducted of the following (2) Skil of human resources. @ Check the use of Plant & Machinery capacity. (@) Check the efficient use of capital. (@) Allof the above Tdentify the correct statement in ‘reference to management audit @) Iti appraisal of management @ Management audit. may be defined as ‘Audit of ‘Management. (® Management | audit is not ‘mandatory. @) Allof the above spect for internal control in EDP Audit ? (@) Administrative Control. @) System Development Controls. @) Procedural control. & Organisational control. @) Allof the above Performance Audit is an important aspect of (@) Management Audit @) Cost Audit (@) Financial Audit (@ None of the above Tn Social Audit activities of sn enterprise are studied in following category (1) Relation with Environment. @) Relation with Product, @ Relation with public of different Group. @ Allofthe above7 78. a1. fbr fe fete t () weer ae moder FATA ate 2) wafeea ae 8 Sen gt sta © wsiben a RAE rEgT eT @ wer ware & wd ioe 4 Gi oe: ae fet? @ tw @) ata fame © wetra tex wis erat @) waderem 2) rag wea aE ETT @ warte wail i sonst & mE wm (4) ea Ped ware er TT wrist 2 fink fr sheet A we ‘rend frend ar eet @) STE frees e | 2) Bre afi PaeeTe | @) Fe fawn wi aera fides we) @) waa aad ‘ere eg are sree fee wT wer sagen a? (@) Bree @) Ee @) wo phere . Afenture of auditing is @) Examination of books of © ‘Accounts by an independent person. @) Systematic examination of books of accounts. (B) Presentation of report by an Auditor. @ Allof the above Who has given the complete and exhaustive definition of Statistics in plural sense? (@) Dr. Bowley (2) Horace Serist () Yule & Kendall (&) Webster 1. Data are formed by () asingle figure. (@) a group of unrelated facts () a group of homogeneous facts and figures, (8) an absolute descriptive fact. Only in the following situation can ‘true conclusions be drawn from statistical data (2) By not trusting them at all. @) By putting excessive trust in them. (®) By interpreting them wisely ‘and logically. (@) None of the above. . Which average would be suitable ‘average for size of readymade garments ? (@) Arithmetic Mean @) Mode @) Median (@) Geometric Mean82, fe aren Hee AE wT ger TH emt? wr 83. 81. ® @ @ “mre Ee pie et SO aT as et Q) Barer (2), Rex (8) ams aE (©) hee afm sacar % fee a ar wnt a ‘marae 2) NEE (3) Fee @) Views Sha sais on ws srat aeast . Q @ fem sais frac sar Pree yea ae ae 2 fret & fren 6 aera & fre wt afett mri ey @ @) eds freer ys @ @ freaar fete ae arenes 8 () FAR aT, ger, REET mater @) Sr WM, ERS, AEA ® @ frees fren owt Sees aay fron TTT eat a wi w | | | | | | | | | | | | 83. 8. 8. 86. 87, In which average the effect of extreme values is the highest ? (@) Arithmetic Mean @) Median @) Mode (8) Geometric Mean ‘The most appropriate average to be sed while constructing indet Q) Arithmetic mean @) Median (@) Harmonic Mean, (4) Geometric Mean ‘The sum of deviations of individual ‘observations is zero from () Arithmetic mean @) Mode (8) Median (4) Geometric Mean Which measurement of dispersion is an ideal and scientific? (1) Range 2) Quartile deviation (@) Standard deviation (A) None of these ‘Which method is used for comparison cof variation in two series ? (1) Coefficient of Range @) Coefficient of Quartile Deviation (3) Coefficient of Variation (4) Any one from above Second measure of skewness is based on (@) Arithmetic Mean, Mode, ‘Median and Mean Deviation. @) Arithmetic Mean, Median, ‘Mode and Standard Deviation, (8) Quartiles and Median, () None of these89, a1, tees dere seem tt tae (1) aft re stro Ah 35H ta (2) sft di ste omar Te ER bot) (a arated emer 1,000 8 ee stew ee gO fox rd & fing aud a deo rae (2) tara 12 (2) stam ou 3 @ stamawa 4) se 24 Rp, =3 Ra ong TIT () wena thea @ weaeTe hae (were ehd aera ATTA ©) wit a sae fee or avai ore aus See ara (0) eter ter @) eM pC TEN a eT wrt | © & smM vet — or ‘emer he Ua ae TORENT sterbyna west | & ah ea Sesame ET ET ST 1) Po Qo = 1 2 © Po* Qa." Soyae (8) Py, xPip=1 © Poy*PiaePay = Sheppard's correction is required when (1) Frequency distribution is in continuous series, (@) Frequency tapers off to zero in both directions. (@) Total frequency is not less ‘than 1,000 approx. () All of the above conditions fulfill. For which moments Sheppard correction is necessary ? (1) Moments 1 & 2 (@) Moments 2 & 3 (@) Moments 3 & 4 (4) Moments 2 & 4 If, = 8 frequency curve is known (1) Lepto-Kurtic or peaked topped. (2) Platy-Kurti or fat topped. (@) Meso-Kurtic or normal. (4) None of the above Fisher's Index Number is called Ideal Index Number becatise () It ia based on fluctuating ‘weights, (2) Geometric mean is used in this formula. (3) It fulfils the qualities of reversiblitios - Time reversal test and factor reversal test. (4) Allof the above Factor reversal test is satisfied93. 4, 96. sre ah & teres a an ah ‘ave Fadia fart QO Feet (2) sede 8 (@) wormed ©) Aart Ae sgnite fan arg es (@) ama © worry, fara ws cect aie (@) eRe af @) Tete fers rer 6 2021 8 wom ATT wa fre fee ana Ot wt am, iia X et om sea 8 a 1981, 1961, 2001 é 2011 iam Re (1) FR Ssh ara ae (2) weet a fa (8) sa fee Fa @ mies ates Ser wa are A fina fatty eT vie si awe eH aA cho ay 649 a st era wa GH caftreee aaa citer sae at? (2) sere fare fear fe, (2) Ra A santa A (3) ata safe 4) Tere —aan Of ‘The’ best method of measuring the secular trend refers to a long-time ‘tendency of time series is (1) Free hold curve method (2) Semi Avorage method. (@) Moving Average method () Method of least squares ‘Seasonal variations are caused by (1) Business eyetes, (@ Change in climate, customs and traditions. () Growth of population. () Technological development |. Which algebraic method would you apply for extrapolating the population of India in year 2021, when equidistant of X variable ie. population of 1981, 1991, 2001 and 2011 is given? @) Newton's advancing differences method. @) Parabolicurve method. @ Direct Binomial expansion ‘method. (4 Any one from above. Which method of interpolation and extrapolation is to be used when the number of items in a variable are less ie. 3or 4 and difference in independent varinble is either ‘uniform or is too les ? (1) Direct “Binomial Expansion ‘Method (2) Nowton’s Method of Advancing Differencss (@) Lagrange’s Method (A) Parabolic Curve Method99, 100, Lain aT ae tiete ©) dada afte dikes ce Saree se ea (2) BR eens wea rth eT Rawrwa @) RigIR RT @ dw wees & fazin St Reatta wa dan erer 83 a da ort (2) site tire we wife (@) wre Re () BrbeH (1) GI) BH (©) irr orev 8 wemen fede & seals at afte waft at 3% axa wr oes faa ee6m& @) 2 aaRe ea A fe we ‘fea weR wr aaa e @ wwe oe sg Ae afateeam fae st en were | @) Wwe feet a omnia ar sftes Fama ote eres wa @ teat “BoE were rain ae wa oda feat? (1) we Reads @) wie me ©) wet ©) wierd dade | | | | | | | | | | ! a ‘97. Principle of correlation prove to be- very useful, why ? (2) Comparative study of two or more than two related events, @) To examine and discuss for ‘mutual relationship between them. @ To predict or forecast. @) Allof the above 98. Development of the principle of correlation in the present form, the credit goes to (2) Renowned Biologist Sir Francis Galton (@) Karl Pearson (@) Above (1) & (2 both, (@ French Astronomer Bravais 99. Correlation between two or more related variables can be studied under correlation analysis (1) Find out the quantity and type of correction between two related variables, (@) The effect of correlation is to reduce the range of, ‘uncertainty ofthe predictions, (@) Predictions based on correlation analysis are quite believable and certain, (@) Allof the above 100. Who propounded the theory of regression in statistics ? (1) Karl Pearson @) Sir Francis Galton @) Bowley (@) Walis and Roberts101, efi tarsi er ae foc artt | ) saver sa (2) wegeare ara wi fe @) Hite) eH aT © sera tae 102, eg etna 8 es a aT wat © da site ois ARO fra wala ee A 33 wept tea her ar see Rear | Beta see ww faege ae sept tata xt wee 8 | (8) 3ateH (1) ws (2) SHH @ wera seat 103, ew 26 we ore SE, AZ eG fem 8 at a fag wer ‘eae fate 8 fear ar wear: @) se ©) Ser Ha eng Te ©) wren wwe Hier F afte ore © teh 104, ae est Hert (0) Ffea aaa # ato Waa tte ratty @ wrest agree (6) eer Fre 6 ae fee, en gtr a Fee ) sRben 105. were i FerINE He Re vib are wa Dane & SBCA, Beta and By od Gamma) @ aie 101. Regression lines are used to know (@) The best estimates. (@) Degree and direction of correlation. (@) Above (1) & (2) both (@) None of the above 308. In mss, genio forte > amet sa, agers pmernncccsae nae enen a 2 | independent variable. | @ Detailed shape of simple Linear | peace aie @ soca | (@) None of the above SNA doe vin a in Wfasssreesetertnce een es Serene (2) Population census (2 Regatta saa jh oy aneseeoemater ana | | | | | ! | ! | | | 1 |. Vital statistics covers (2) Motion. picture of changes in population during a particular period of time. (@ It presents record of vital 104. and reproduction are analysed. () Allof the above 105. Notations used for Positive and Negative attributes are @) ABC @ abe (8) a,8,7 (Alpha, Beta and Gamma) (@) Allof the above106, 1e1-aTeet 8 106, Matter of association of attributes | woes |G eres es ou tic of varia (2) Statistics of attributes © wie 1) |) Above Gand both @) wiaaiae (@) Noneof the above 107. i en fea ea ee fox | 107. Which technique ia used in arte wrrdted £2 decision making under certainty ? (0) aaron () Linesr programming (2) away feet we este (@) Input-output analysis and inventory models, © ere au Preger of (6) Cost-volume profit Analysis. @ aterm @) Allof the above 108, after feat wz af fife | 108, Which decision exiterion is used in wate ara ar? decision making under uncertainty ? | | | ©) sive ateemeta — |G) Masi Mar enteron @) AERA’ steer ate | @) MaxicMin criterion (3) after 4 8 =p few ea | (8) Mini-Max Regret criterion | | ‘ama @) Allofthe above @ ster 109, Reafas srat za ter Rem arer 8 | 108. Theoretical frequency distribution @ FoR ernst te prepared under (2) araenat Te (2) Following assumption (@) safes eh ore (@) Following probability rules © wea aH @ Any one from the above 110, st a darts sgt dex sfaFBos | 110. Which theoretical frequency onafa ies 8 distribution is continuous () freee eye aeoellon? 2 Binomial distribution a Sieh: @) Poisson distribution ©) rami (@) Normal distribution 4) water a @) None of the above | | | | 111, set A siRigerar wr wet wine | 111. In which area ‘Design of | | | | | fra Sa fea tar? Experiments was used first? @ ] ) "Agriculture @ im” @) Industries @) va (@) Administration 4), ser (Transport112. sat 8 safseen Ht eee wee ag ttt? @ xi (@) wea sifteerT © saben 1) WS © waa [Link] 6 fteeren 8 weafon ‘eee 1 TG Frees arent? (we fs @ a. oy, fe @ wa @) sonia 114, tear 53 sarc ee 82 @? oF 16, wife fe Prison Baer Fk et wae? ©) agte 4 wa at ag Rider ogg ne mreerereen i @ Fife mq Ae oe & ome 116, wife Peer 6 aa ah afte #2 (a) fafa ara sift 2) se Preran afer @ Haat @) Hite ae ae 117, oteaer & Seri ti ere Gt ah ‘ae ser ah? (a) Rare Fa (@) Ramee fae (8) hemes fae @) set (2) GB) ST 112. Which important terms are used in Design of Experiments ? () Experiment (@) Design (@) Above (1) & (2) both (4) None of the above 118. Who propounded and developed eoncept related with Design of ‘experiments ? (Q) Karl Pearson (@) Prof, RA. Fisher @) Bowley (@) Sir Francis Galton 114, In leap year what ia the probability tobe 83 Mondays ? oF @? 3 4 Oe oF | | Vegi ere Matistial Quality Control? |) Speinention’of rile to be produced. | (2) How the articles actually | | | | ! | | | | | | (8) Articles "produced resemble with predetermined standards or not. (4) All of the above 116. What are the techniques of statistical Quality Control ? (1) Process Control Charts. (2) Product Control Charts. (8) Both (1) & @) (4) Nono of the above 117. Which programming is used in ‘transportation sector ? (0) Graphical Method (2) Simplex Method (8) Transportation method (8) Above (2) & (3Y both118, x aftel ore eR? 2) aa sree 108 se et (@) Aer ser 208 ste A | (3) aye aT 100 8 stew | © wie a aa 119,19 site a ast & fore whe arto vet fears nf 8? (eT son reat (2) apeTaT & saves fore aE ©) sea at ee Fea @ aber 120, ¢-teat 8 mae (0) afer wer afte are sarees 81 (2) stat gre res fa ot ‘waft fier er 1 (9) wate ere fr ren | @ stare 121. wp -ata wa date fra ) Be afte 6 ardor ate @ este hanes ® MBO ©) ste Aaa 122, fefia sen 3 wert faecrer ct ‘ao ahs 8 or ar ses ecg? @) sweetie (2) ea: relat — eR UH (@) safe sian eae @) vive | | | | | | 118. What is the size of large sample ? (1) Ifits size exceeds 10. @) Ifits size exceeds 20. () Ifits size exceeds 100, () None of she above 119. Which tests of significance for attributes are discussed in large sampling? (1) Tests for number of successes. @) Tests for proportion of (@) Tests far difference between proportions, () Allof the above 120. Assumptions of t-test are (@) The population from which small sample has been selected is normal. (2) The samples are taken by random sampling method. (®) The stendard deviation of ‘population is unknown. (4) Allof the above 121, Fetest, T-tostare related to (2) Significance “test” of small samp @ Sigisence toot of arse @ Bont) ee (A) None of the above 122, Which parts are to be studied at the time of analysis of variance in ‘two-way classification ? @) Sum of squares ~ columns - SSC. (@) Sum of squares between Rows SSR, between (© Sum of quares of the Residual @ Allof the above o128, Hea Reeder er aE? (1) bern pales ats ete (2) srr Pt @ GERT ©) sate eh 124, site aR rer? © so Gwe See ‘mehr steer © Bh wd wr site St ster stent | © Beste © Timm 125, 5 frart_ war zien) @) Sag @) Breer, zen, wea en ie @) tated © wih 126, tear ge ser? Q) wet & ae Ge aie & Sega aC | (2) sen fet rag (8) Gregan Fra, seats ae ofa ora saben ah 1127, fv fet fr secs Bh 8? (aera gfext (2) sie eat (3) a Cy wa cet (rate aeh = | 123. What are the “techniques of Network Analysis? @) Programme valuation and Review Technique. () Critical Path Method. (@) GERT (@) Allof the above 1124, What are the types of replacement situations ? ) Replacemen: > of deteriorating gradually with use and time. (@) Replacemen: of items breaking down suddenly, () Replacemen; of human beings, (@) Allof the above items 125, Game theory is epplicable on @) Games & Sports @) Business, industry, ‘and Economics Polities @) Military opertions () Allof the above | | | | | | | [Link] are the one of non- sampling errors ? () Defective methods of data | 2 dies ge ® Incomplete ‘coverage of the | population a sample. | @) Faulty plamning, inadequate | and inconsistent objectivity. | — @ Allof the above | | | | | | | * 127. What are the types of sampling ) Biased errors. @) Unbiased errors. () Above (1) &@yboth (®) None of the above128, shy af ordi we ura 80 C8 80 U seria wall eral #2 () teferets ei steve a (@) sete aa (©) owt eat & are @ wien 129, Pesfetre 3 & fw ira Pe a adi vem wet, oma a a afta anit wera 80 C880 U wea eA ae att | () trae 2 sre ae @ wr @ ster atest 180, we vin a 2021.29 8 eh urn 116 BAC abet mit & fret a0 wm at veoen were emg 8 1 ze ee amy (1) Re i fieg hia ater @) vied ated rage @ wat © wie 131, _ steno nf ote RE va ster dn sien ora 80 0% erin eh a tt 1 ) es eT (@) Sera se © Rene tee © weit teae 192, Peer andl 4 -@ a at one fi, afer sere ra a ag? (1) steer 8h 51 Rema, 1969 & ae ee re ea seh Te | (2) afta nfa ar | ©) ec’ aeaTS aa | (4) sea cea a A He | | 128.0n which incomes deductions eee: | gens SPR cent in ela | @ Casual income. De rs om | Giese | nin dying ih ae eee eae oes | Sesceareenes et cease rnc 5 ieetecbec tas — &@ Rows fene stove 190, A new Section 115 BAC has been from tment year BUEI-22, through new taxation system. has. been introduced. This Section is applicable on @) Individual and HUF (@) Firm and AOP 8) Com @ all bove 181. Life Insurance premium paid is not allowed ws 80 C on the poliey of (2) Asseasee's life @) Spouse's life (@) Fathers life (@) Children’s life | | | | es i te | om seek eee ee piesa | @ Se ere - given to a 2 o198, 68 “geo a? oe HT reafioane attr art (2) went a eer ort (2) ender 8 era ip eat 188, Following item is not to_be deducted when ‘Book Profit’ of firm isto be caleulated: () Interest" received on Government Securities. @ Allowable” interest paid to | Game |g Recreate 184, 0% fet weer et eg sh often amp g teen es | | mre we Bana is BA ae ‘applicable if personal income of saREMe Reh fiseget () strom 2.740% "Matus areal rate ot @ wes oH tara a © Hema asta @ None ofthe above 186, are sfPes, 1961 % sear eS | 195, Following deductions Sateen iees |i ela es @) was0cas0u {) Seton 80 80 U @ wrrg0 GALA (@ 910800, 80D, SoD 80 EE, (4) sateen 8 ah 186, 185% 6 2 =RME tee @) Section 80 G to 80 LA (@) Section 80 C, 80 D, 80 DD & 80 EE (@) None of the above 136, Minimum Alternate Tex (MAT) at ‘18.5% is applicable on company’s _. Bh amine in | ecg ten orm ees ata aan ae one a ara 187, wt fcr #4 2020-21 8 wa 115 BA. 187. From Assossment year 2020-21 arrin ECR Te A Balance amount of incomes will be sao Seer (1) 20% (2) 25% (1) 20% (2) 25% (3) 30% (4) 60% (8) 30% (4) 60% 138, freien a¥ 2020-21 fer 115 | 188, eae ‘tax on income Bop acirsrr med Gore | Sos mite gap be x _@1 Assessment year 2020-21. (1) 60% (2) 75% (1) 60% (2) 75% (3) 77.25% (4) 78% (8) 77.25% (4) 78%139, ‘wei fate rr 140 A % aren acm oft wat & ae ‘wreft B eat mE a a me Af vit eeionsomne | (@) ste scEr TI @ BERRA ee @) sea wats arate eee ©) setae, 1140, ere 143. sear fre ome ae a ua. 12, wcfraien fears? 0) Sr aes sreR ©) 3% wa FRA ag sare ATE (ster (ws Bt (seta a sea om 1430) ®& seri at fui safeties ot fee at “antes fea fee ax Paucar yr et eee me favor cr ze Teg ERT feaoh & orem a fear are 81 serena fait aerart) @) Be arfeior (2) fra wt-Frce (@) sre awh omer TTF (aria ex Prater) ) seen aaa ye sic 3 fro ah ee Tah ah sent aoe seis ge ge fet re erarat A arson a ie Bea ‘er sient gee 3 8 ate en ‘Prefer after en (1) 0 144 & arate ier wee vac fraien (2) tra 145 2) sexe ePuen (@) ra 1473 Seafags-wFak @ abet a sae 189, Under Selena! See, 140A the [Link] shal the amount of tx calculated ca the basis ‘of the income shown in the refurn after deducting the amount of Gy Advance payment of tax (@) Deduction of tax at source @) Amount of tax credit allowed lunderother provisions (® Allof the above 140. On what basis regular assessment under Section 14% 41. @) On the bas (2) On the basis of evidence in suppor of the income, (@) Above 1) and (2) both @) None ofthe above | | | | | | | | | Het Acecos mie tees ‘assessment without passing a | epular“tseesment onder The assessment is completed on the | basis of return submitted by the assessee. Such type of assessment | is known as__ () Selfacsccament | @ Reguler assessment | @ Summary assessment | @ None cf the above | | | | | | 1 | | 1 2» 142, When assesses has not adopted regular system of accounting and, assessment officer is not satisfied from accuracy and completeness of books of accounts presented by assesse. Ip this case assessing officer willdo (@) Compulsory148, ew ec on TO fee a Te RA () Seer 6 ae 60 wm te rer wet oe oT BR hs wate reset} @ Fah a face mt Hee wx ‘fier € 10,0008 | @ Tee) SO Mt © wie taset 144. 3 Ba mC HATE aT, OW, eregM___ a () Sheen Te HT @ w& tute fr free or, sree a © sree Rd ts © wbereh 145, fa SE 3TH ea a wei oY 20% # wage t? () set, wivteh ei gett a ore @ waa @) amin 8 ore @ srxaa 146, SCAT HT eT aT e? 0) 3H Be A eT “scar oa wx ufone ‘aftca a aftr t 1 @ PMs en Hata we met @) Marts Ew aire @ sie | | | | | | | | | | | | | | | | | | | | | | | | | | | | | I 148, An assessee is not liable to pay advance payment of tax if (2), Age of the assessee is 60 years ‘or more and he has no taxable ‘income from business or profession head (2) Amount of tax payable in any Financial Year is less than © 10,000 (8) Above (1) and (2) both (@) None of the above 144, Provisions of deduction of tax at source are not applicable if interest, is payable to (@) Central Government or State Government. @ A Statutory Corporation whose ‘income is exempted from income-tax. (3) Reservé Bank of India, (@) Allof the above 145. On which income, 30% rate is applicable for deduction of tax at (1) Winnings from lotteries, Cro ‘word puzzles and horse races. (@) Income from Salaries @) Income from Divi (4) Income from Interest. 146, What is the reason of refund of Tex? (1) Deduction of tax at source and advance payment of tax is ‘more than tax liability on regular assessment. (2) Tax linbility is reduced due to rectification of error. (8) Entitled for relief of double ‘taxation. (4) Allof the above147. weer wh de wat A fea Ste af area sre tht 21.495 8 en Pata saree A ote a 24.6%? @) B04 A @ Baa afew a © titers) © Bharat 148, Preien 3 Bae oee re 0) wore tute ¢ wah a att ater # @ = we tuts ad ee ee ee HT | @) Hwee are FER aR td saree | (©) saber ah we EE 149, ee frit rset () segfeea 8 aH | @ wearer gfe 6H | (8) waftea taht wea ae | @ wii a see 150, dei wafer to fe aT vent () Sata wet eae agi area 2 1, (2) en wer, mn te, oA siren Fate wecters Bar rel renter © sre sre siftfien 1961 a0 80C wag a (© stent | | | | | | | | | a 147, From which rate of tax, relief of double taxation is to be given to the assessee if average rate of Indian income tax is 21.4% end average rate of foreign income tax is 24.6%? @) 80% (2) Whichever is higher. () Whichever is lower. () No relief will be given. 148. Find out the correct, statement from the following (Q) ‘Tax avoidance is logal whereas tax evasion is legal. @) Tax avoidance reduce the :ax liability in legal framework. (@) Tax avoidance is not an offence Whereas tax evasion is an offence. (® Above "all correct. statements are 149, The purpose of tax planning is (1) To reduce the tax liability (@) Toinerease the tax liability. (@) No change in tax liability, (&) None of the above 150. Tax planning salaried employee cean be done by (Q) Perquisites rather than taxable allowances should be priority. 7 @) Dearness sllowance, dearness ‘Pay, commission at a fixed percentage of turnover should be under terms of employment. (3) Makes optimum use of Section 80 C of Indian Income Tax Act, 1961, (@) Alllof the shove24 ‘wort fq / SPACE FOR ROUGH WORK 2