What is the minimum paid up capital needed to form a public limited company?

A. No Minimum requirement

B. Rs. 100000

C. Rs. 500000

D. Rs. 1000000

Jensen measure of a portfolio reflects

A. Excess return over market portfolio

B. Excess return over fair return as per CAPM

C. Excess return over fair return as per APT

D. Excess return over risk free return

What is the time limit for assessment made u/s 16?

A. One year

B. Two years

C. Five years

D. No time limit

__________ represent a claim to currency held by IMF member countries

A. BAFTA

B. NAFTA

C. SDR

D. None of the above

Which one of the following is not an example of Association of Person?

A. Mohan (HUF) & Ram & Sons join together for the construction of the fly over.

B. Mohan & Ram & Sons join together for the construction of the fly over.

C. Mohan, Ram &Shyam join together for the construction of the fly over.

D. None of the Above

Cash credit is treated as out of order if

A. No credits continuously for 90 days

B. Credits not adequate to cover interest for 90 days

C. Either of the above

D. Both of them

_______ is an unconditional written order to pay money.

A. Bill of Exchange

B. Cheque

C. Both of the above

D. None of the above

If a female dies without leaving any issue them property inherited from her father or mother the property will devolve upon

A. Heirs of her father

B. Heirs of her mother

C. Heirs of her husband

D. Heirs of her father in law

The cheapest form of life insurance which provides risk cover in the event of % death of policy holder during policy term is

A. Endowment Insurance

B. Money Back Policy

C. Med claim Policy

D. Term Insurance policy

The data gathering is done by which of the following instruments given below?

A. Questionnaire

B. Interview

C. Client records

D. All of the above

Where the return of income is filed after the due date specified u/s 139(1):

A. all deductions under Chapter VIA i.e. 80C to 80U will be allowable

B. all deductions under Chapter VIA i.e. 80C to 80U will not be allowable

C. all deductions under Chapter VIA i.e. 80C to 80U excepting 80-IA, 80-IAB, 80-IB, 80-IC will be allowable

D. all deductions under Chapter VIA i.e. 80C to 80U except 80-IA will be allowable

Receipts from TV serial shooting in farm house is __________________

A. non agricultural income

B. Agricultural income

C. Salary Income

D. Business Income