Income Tax MCQs 2022 - 23 [Free PDF]
Income Tax Chapterwise MCQs
Income From Salaries MCQs
Income From House Property MCQs
Deductions under Sec 80C to 80U MCqs
Profits and Gains From Business and Profession MCQs
For CA CS CMA and Other Competitive and Professional Exams
This document provides a multiple choice questions (MCQs) on budget and budgetary control. It contains 50 MCQs to help students prepare for exams in commerce subjects like B.Com, MBA, and competitive exams. The MCQs cover topics like types of budgets, steps in budgetary control, classifications of budgets, and concepts like master budget, sales budget, flexible budgets. It also provides explanations for the answers. The document was prepared by Kumar Nirmal Prasad and provides his contact details and website for more budget-related practice questions.
Financial statements and financial statement analysis mcqsKumar Nirmal Prasad
In this exclusive page, you will get Financial Statement MCQs and Financial Statement Analysis MCQs for various exams such B.Com, BBA, MBA, CMA, CS and ICAI. These Financial Statement MCQs and Financial Statement Analysis MCQs are also very much for Class 12 CBSE and other state boards including AHSEC.
Our official Website
https://www.dynamictutorialsandservices.org/
My post on financial statement analysis MCQs
https://www.dynamictutorialsandservices.org/2019/04/financial-statement-analysis-multiple.html
In this exclusive page, you will get Cash Flow Statement MCQs for various exams such B.Com, BBA, MBA, CMA, CS and ICAI. These Cash Flow Statement MCQs are also very much for Class 12 CBSE and other state boards including AHSEC.
Visit Our official website:
https://www.dynamictutorialsandservices.org/
Cash Flow Statement MCQs
https://www.dynamictutorialsandservices.org/2020/09/mcq-cash-flow-statement-cash-flow.html
In this exclusive page, you will get chapter wise Ratio Analysis MCQs for various exams such Class 12, B.Com, BBA, MBA, CMA, CS and ICAI. In this post you will also get Accounting Ratios MCQs, Ratio Analysis MCQs for various competitive exams.
You can also go through various links given below in the article for Chapter wise Management Accounting MCQs.
Visit Our official website:
https://www.dynamictutorialsandservices.org/
Ratio Analysis MCQs
https://www.dynamictutorialsandservices.org/2020/11/ratio-analysis-mcqs-accounting-ra.html
This document appears to be a past question paper for the AHSEC Commerce Stream exam. It contains 18 questions testing concepts in commercial mathematics and statistics. The questions cover topics such as sets, matrices, probability, correlation, and formulas for simple interest, compound interest, mean, standard deviation, and more. The document provides the full marks and passing marks for the exam, as well as instructions for answering the questions.
This document contains the question paper for AHSEC Commercial Mathematics and Statistics. It includes 14 multiple part questions testing a variety of math and statistics concepts. The questions cover topics such as averages, probability, correlation, expansion of expressions, and algebraic proofs. The question paper is out of 100 total marks and allocates varying point values to parts of each question, with most questions worth between 1-5 marks each.
This document appears to be an exam question paper for AHSEC (Assam Higher Secondary Education Council) Commerce Stream students. It contains 14 questions testing concepts in commercial mathematics and statistics, including simplifying expressions, matrix operations, sets, probability, measures of central tendency and variation, and linear inequalities. Students are given 3 hours to complete the exam which is out of 100 total marks.
Income Tax MCQs 2022 - 23 [Free PDF]
Income Tax Chapterwise MCQs
Income From Salaries MCQs
Income From House Property MCQs
Deductions under Sec 80C to 80U MCqs
Profits and Gains From Business and Profession MCQs
For CA CS CMA and Other Competitive and Professional Exams
This document provides a multiple choice questions (MCQs) on budget and budgetary control. It contains 50 MCQs to help students prepare for exams in commerce subjects like B.Com, MBA, and competitive exams. The MCQs cover topics like types of budgets, steps in budgetary control, classifications of budgets, and concepts like master budget, sales budget, flexible budgets. It also provides explanations for the answers. The document was prepared by Kumar Nirmal Prasad and provides his contact details and website for more budget-related practice questions.
Financial statements and financial statement analysis mcqsKumar Nirmal Prasad
In this exclusive page, you will get Financial Statement MCQs and Financial Statement Analysis MCQs for various exams such B.Com, BBA, MBA, CMA, CS and ICAI. These Financial Statement MCQs and Financial Statement Analysis MCQs are also very much for Class 12 CBSE and other state boards including AHSEC.
Our official Website
https://www.dynamictutorialsandservices.org/
My post on financial statement analysis MCQs
https://www.dynamictutorialsandservices.org/2019/04/financial-statement-analysis-multiple.html
In this exclusive page, you will get Cash Flow Statement MCQs for various exams such B.Com, BBA, MBA, CMA, CS and ICAI. These Cash Flow Statement MCQs are also very much for Class 12 CBSE and other state boards including AHSEC.
Visit Our official website:
https://www.dynamictutorialsandservices.org/
Cash Flow Statement MCQs
https://www.dynamictutorialsandservices.org/2020/09/mcq-cash-flow-statement-cash-flow.html
In this exclusive page, you will get chapter wise Ratio Analysis MCQs for various exams such Class 12, B.Com, BBA, MBA, CMA, CS and ICAI. In this post you will also get Accounting Ratios MCQs, Ratio Analysis MCQs for various competitive exams.
You can also go through various links given below in the article for Chapter wise Management Accounting MCQs.
Visit Our official website:
https://www.dynamictutorialsandservices.org/
Ratio Analysis MCQs
https://www.dynamictutorialsandservices.org/2020/11/ratio-analysis-mcqs-accounting-ra.html
This document appears to be a past question paper for the AHSEC Commerce Stream exam. It contains 18 questions testing concepts in commercial mathematics and statistics. The questions cover topics such as sets, matrices, probability, correlation, and formulas for simple interest, compound interest, mean, standard deviation, and more. The document provides the full marks and passing marks for the exam, as well as instructions for answering the questions.
This document contains the question paper for AHSEC Commercial Mathematics and Statistics. It includes 14 multiple part questions testing a variety of math and statistics concepts. The questions cover topics such as averages, probability, correlation, expansion of expressions, and algebraic proofs. The question paper is out of 100 total marks and allocates varying point values to parts of each question, with most questions worth between 1-5 marks each.
This document appears to be an exam question paper for AHSEC (Assam Higher Secondary Education Council) Commerce Stream students. It contains 14 questions testing concepts in commercial mathematics and statistics, including simplifying expressions, matrix operations, sets, probability, measures of central tendency and variation, and linear inequalities. Students are given 3 hours to complete the exam which is out of 100 total marks.
This document contains the question paper for AHSEC Commerce Stream from the year 2012. It has two sections - Group A for the new course and Group B for the old course. Each section contains multiple choice and numerical answer type questions related to topics like matrices, determinants, probability, statistics, commercial mathematics, etc. The questions range from simple one mark questions to longer multi-part questions worth 5-6 marks. The document provides the questions asked in the exam along with the maximum marks for each question.
The document summarizes key economic concepts related to elasticity of demand, international trade, costs of production, and national income. It provides definitions and explanations of price elasticity of demand versus cross elasticity of demand. It also discusses the Heckscher-Ohlin model of international trade and its assumptions. Production costs such as average costs, marginal costs, and cost functions are explained. Finally, the relationship between production, income, and expenditure flows in an economy is outlined in the context of defining national income.
The document is a sample tutor marked assignment for a business organization course. It contains 5 sample questions and answers on topics related to business such as long-term capital and sources, primary and secondary markets, stock exchanges, warehousing, and factors affecting channel selection. The questions require students to write multi-paragraph answers explaining key concepts and differences between topics. The assignment provides contact information for students to obtain fully solved assignments and previous question papers.
Coal mining can negatively impact the environment through air, water, land, noise, and solid waste pollution. Steps are taken to minimize these impacts, including careful planning, pollution control measures, environmental monitoring, and site rehabilitation. However, coal mining remains an important industry that contributes to economies and development by providing energy, jobs, and revenues, especially in developing countries. Mitigation efforts aim to maximize the value of coal production while reducing negative environmental consequences through practices like land rehabilitation, water treatment, and dust suppression.
The document summarizes the centre-state financial relationship in India as established by the constitution. It outlines that the constitution divides taxing powers between the central and state governments. The central government has exclusive powers to levy taxes on items in the union list like customs duty and corporation tax. States have exclusive powers to tax items in the state list like land revenue and sales tax. A Finance Commission is appointed every five years to advise on distributing tax revenues between the central and state governments and granting funds to states. The current system makes states financially dependent on the central government.
The document provides an overview of the inventory management system used by Vishal Retail. It discusses how Vishal Retail tracks inventory through assigning unique codes (SKU) to each product. It also mentions tools like maintaining a surplus inventory to avoid stock outs and accounting for new old stock items that are no longer manufactured. The purpose of Vishal Retail's inventory management is to ensure adequate stock levels to meet customer demand and prevent losing sales during disruptions.
Monetary policy refers to policies aimed at regulating money supply and interest rates to achieve objectives like economic growth, price stability, and full employment. The Reserve Bank of India formulates and implements monetary policy by influencing money supply and credit creation. While monetary policy can help economic goals, it faces limitations in developing economies from non-monetized sectors, unorganized financial markets, excess liquidity, and lack of coordination with fiscal policy. Overall, monetary policy plays an important role in India's economy despite these challenges.
The central bank has two categories of monetary policy tools: general and selective instruments of credit control. General instruments like adjusting the bank rate, engaging in open market operations, and changing reserve requirements apply uniformly to all commercial banks. Selective instruments target specific banks or loans, and include regulating credit margins, moral suasion, and imposing interest rates on consumer loans. In developing countries like India, selective instruments are used more frequently and can effectively influence credit supply even without developed financial markets.
New technologies have transformed Indian banking, with information technology improving productivity and customer service. Banks now utilize electronic fund transfers, credit/debit cards, phone banking, internet banking, mobile banking, doorstep banking, point of sale terminals, ATMs, virtual banking, and electronic clearing services. These technological advances allow customers convenient access to banking services anytime, anywhere. However, as virtual banking expands, banks must strengthen supervision, auditing, security, and anti-fraud systems to protect customers.
SEBI was established in 1988 by the Government of India to regulate the securities market and protect investors' interests. It was initially unable to exercise full control over stock market transactions. In 1992, SEBI was granted legal status to better regulate activities and curb malpractices like price rigging. SEBI aims to protect investors, ensure fair practices, promote market development and regulate market intermediaries and institutions. It performs protective, developmental and regulatory functions through activities like prohibiting insider trading, educating investors, registering market participants and regulating takeovers.
Stock exchange is a place where trading of securities like shares, debentures, and bonds occurs in an organized manner. It provides a platform for buyers and sellers, both individual and institutional investors, to purchase and sell ownership in companies and government entities. A stock exchange plays an important role in capital markets by facilitating capital formation, mobilizing resources between companies, helping fuel rapid economic development, and protecting investors' interests through regulations.
The central bank has two categories of monetary policy tools: general and selective instruments of credit control. General instruments like adjusting the bank rate, engaging in open market operations, and changing reserve requirements apply uniformly to all commercial banks. Selective instruments target specific banks or loans, and include regulating credit margins, moral suasion, and imposing interest rates on consumer loans. In developing countries like India, selective instruments are used more frequently and can effectively influence credit supply even without developed financial markets.
Commercial banks play an important role in the financial sector by accepting deposits from the public and lending money in various forms. They mobilize savings and provide credit to meet the needs of businesses, farmers, consumers and other sectors. As profit-seeking institutions, commercial banks perform primary functions like accepting deposits and lending loans. They also offer secondary services like collection and payment services, income tax consultation, and money transfers. Some banks engage in additional activities such as housing finance, mutual funds, and merchant banking to maximize profits. Overall, commercial banks act as intermediaries between savers and borrowers in the economy.
The capital market provides long-term financing for investments, while the money market provides short-term financing for working capital. The capital market mobilizes resources for both fixed and working capital through lending and acts as an intermediary between investors and entrepreneurs, including through underwriting. In contrast, the money market facilitates short-term adjustments to liquidity positions through lending and borrowing and does not include stock exchanges or underwriting to the same extent. Both markets are related as institutions participate in both.
Banking sector reforms post economic liberalization periodKumar Nirmal Prasad
The banking sector in India was dominated by public sector banks until reforms began in 1991. A committee was formed under M. Narasimhan to recommend reforms. Key recommendations included establishing a tiered banking structure, reducing statutory reserves, introducing capital adequacy and asset classification standards, and deregulating interest rates. The government then implemented several reforms based on these recommendations, such as lowering reserve requirements, introducing prudential norms, allowing new private banks, and reducing directed lending. This increased competition and efficiency in the banking sector.
Contribution of FW Taylor and Henry Fayol + System Approach of Management for...Kumar Nirmal Prasad
The document discusses systems management theory and its key aspects. It views an organization as an open system composed of interrelated subsystems like production, support, and management. It also discusses the contributions of F.W. Taylor, considered a founder of classical management theory. Taylor suggested scientific management, emphasizing the development of efficient methods, scientific selection and training of workers, and cooperation between managers and workers. His principles, like analyzing jobs to determine the most efficient way of performing tasks, contributed significantly to modern management practice.
1. The document provides instructions for taking an exam, including writing your roll number, filling in responses on an answer sheet, and guidelines for the exam format and timing.
2. Students will be given a question booklet and must verify the number of pages and questions within 5 minutes. If issues are found, they can request a new booklet within this time.
3. Various multiple choice questions will be asked, and students must fill in their responses on the answer sheet using a blue or black pen. No other writing utensils or aids are permitted.
This document contains the question paper for AHSEC Commerce Stream from the year 2012. It has two sections - Group A for the new course and Group B for the old course. Each section contains multiple choice and numerical answer type questions related to topics like matrices, determinants, probability, statistics, commercial mathematics, etc. The questions range from simple one mark questions to longer multi-part questions worth 5-6 marks. The document provides the questions asked in the exam along with the maximum marks for each question.
The document summarizes key economic concepts related to elasticity of demand, international trade, costs of production, and national income. It provides definitions and explanations of price elasticity of demand versus cross elasticity of demand. It also discusses the Heckscher-Ohlin model of international trade and its assumptions. Production costs such as average costs, marginal costs, and cost functions are explained. Finally, the relationship between production, income, and expenditure flows in an economy is outlined in the context of defining national income.
The document is a sample tutor marked assignment for a business organization course. It contains 5 sample questions and answers on topics related to business such as long-term capital and sources, primary and secondary markets, stock exchanges, warehousing, and factors affecting channel selection. The questions require students to write multi-paragraph answers explaining key concepts and differences between topics. The assignment provides contact information for students to obtain fully solved assignments and previous question papers.
Coal mining can negatively impact the environment through air, water, land, noise, and solid waste pollution. Steps are taken to minimize these impacts, including careful planning, pollution control measures, environmental monitoring, and site rehabilitation. However, coal mining remains an important industry that contributes to economies and development by providing energy, jobs, and revenues, especially in developing countries. Mitigation efforts aim to maximize the value of coal production while reducing negative environmental consequences through practices like land rehabilitation, water treatment, and dust suppression.
The document summarizes the centre-state financial relationship in India as established by the constitution. It outlines that the constitution divides taxing powers between the central and state governments. The central government has exclusive powers to levy taxes on items in the union list like customs duty and corporation tax. States have exclusive powers to tax items in the state list like land revenue and sales tax. A Finance Commission is appointed every five years to advise on distributing tax revenues between the central and state governments and granting funds to states. The current system makes states financially dependent on the central government.
The document provides an overview of the inventory management system used by Vishal Retail. It discusses how Vishal Retail tracks inventory through assigning unique codes (SKU) to each product. It also mentions tools like maintaining a surplus inventory to avoid stock outs and accounting for new old stock items that are no longer manufactured. The purpose of Vishal Retail's inventory management is to ensure adequate stock levels to meet customer demand and prevent losing sales during disruptions.
Monetary policy refers to policies aimed at regulating money supply and interest rates to achieve objectives like economic growth, price stability, and full employment. The Reserve Bank of India formulates and implements monetary policy by influencing money supply and credit creation. While monetary policy can help economic goals, it faces limitations in developing economies from non-monetized sectors, unorganized financial markets, excess liquidity, and lack of coordination with fiscal policy. Overall, monetary policy plays an important role in India's economy despite these challenges.
The central bank has two categories of monetary policy tools: general and selective instruments of credit control. General instruments like adjusting the bank rate, engaging in open market operations, and changing reserve requirements apply uniformly to all commercial banks. Selective instruments target specific banks or loans, and include regulating credit margins, moral suasion, and imposing interest rates on consumer loans. In developing countries like India, selective instruments are used more frequently and can effectively influence credit supply even without developed financial markets.
New technologies have transformed Indian banking, with information technology improving productivity and customer service. Banks now utilize electronic fund transfers, credit/debit cards, phone banking, internet banking, mobile banking, doorstep banking, point of sale terminals, ATMs, virtual banking, and electronic clearing services. These technological advances allow customers convenient access to banking services anytime, anywhere. However, as virtual banking expands, banks must strengthen supervision, auditing, security, and anti-fraud systems to protect customers.
SEBI was established in 1988 by the Government of India to regulate the securities market and protect investors' interests. It was initially unable to exercise full control over stock market transactions. In 1992, SEBI was granted legal status to better regulate activities and curb malpractices like price rigging. SEBI aims to protect investors, ensure fair practices, promote market development and regulate market intermediaries and institutions. It performs protective, developmental and regulatory functions through activities like prohibiting insider trading, educating investors, registering market participants and regulating takeovers.
Stock exchange is a place where trading of securities like shares, debentures, and bonds occurs in an organized manner. It provides a platform for buyers and sellers, both individual and institutional investors, to purchase and sell ownership in companies and government entities. A stock exchange plays an important role in capital markets by facilitating capital formation, mobilizing resources between companies, helping fuel rapid economic development, and protecting investors' interests through regulations.
The central bank has two categories of monetary policy tools: general and selective instruments of credit control. General instruments like adjusting the bank rate, engaging in open market operations, and changing reserve requirements apply uniformly to all commercial banks. Selective instruments target specific banks or loans, and include regulating credit margins, moral suasion, and imposing interest rates on consumer loans. In developing countries like India, selective instruments are used more frequently and can effectively influence credit supply even without developed financial markets.
Commercial banks play an important role in the financial sector by accepting deposits from the public and lending money in various forms. They mobilize savings and provide credit to meet the needs of businesses, farmers, consumers and other sectors. As profit-seeking institutions, commercial banks perform primary functions like accepting deposits and lending loans. They also offer secondary services like collection and payment services, income tax consultation, and money transfers. Some banks engage in additional activities such as housing finance, mutual funds, and merchant banking to maximize profits. Overall, commercial banks act as intermediaries between savers and borrowers in the economy.
The capital market provides long-term financing for investments, while the money market provides short-term financing for working capital. The capital market mobilizes resources for both fixed and working capital through lending and acts as an intermediary between investors and entrepreneurs, including through underwriting. In contrast, the money market facilitates short-term adjustments to liquidity positions through lending and borrowing and does not include stock exchanges or underwriting to the same extent. Both markets are related as institutions participate in both.
Banking sector reforms post economic liberalization periodKumar Nirmal Prasad
The banking sector in India was dominated by public sector banks until reforms began in 1991. A committee was formed under M. Narasimhan to recommend reforms. Key recommendations included establishing a tiered banking structure, reducing statutory reserves, introducing capital adequacy and asset classification standards, and deregulating interest rates. The government then implemented several reforms based on these recommendations, such as lowering reserve requirements, introducing prudential norms, allowing new private banks, and reducing directed lending. This increased competition and efficiency in the banking sector.
Contribution of FW Taylor and Henry Fayol + System Approach of Management for...Kumar Nirmal Prasad
The document discusses systems management theory and its key aspects. It views an organization as an open system composed of interrelated subsystems like production, support, and management. It also discusses the contributions of F.W. Taylor, considered a founder of classical management theory. Taylor suggested scientific management, emphasizing the development of efficient methods, scientific selection and training of workers, and cooperation between managers and workers. His principles, like analyzing jobs to determine the most efficient way of performing tasks, contributed significantly to modern management practice.
1. The document provides instructions for taking an exam, including writing your roll number, filling in responses on an answer sheet, and guidelines for the exam format and timing.
2. Students will be given a question booklet and must verify the number of pages and questions within 5 minutes. If issues are found, they can request a new booklet within this time.
3. Various multiple choice questions will be asked, and students must fill in their responses on the answer sheet using a blue or black pen. No other writing utensils or aids are permitted.