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Taxation Question and Answers MODULE 1 SECTION I Chapter 1: Basic Concepts Chapter 2: Residence and Scope of Total Income SECTION II Chapter 3: Heads of Income Unit 1: Salaries Unit 2: Income from House Property Unit 3: Profits and Gains of Business or Profession Unit 4: Capital Gains Unit 5: Income from Other Sources […]
Corporate and Other Laws Questions and Answers Chapter 1: Preliminary Chapter 2: Incorporation of Company and Matters Incidental Thereto Chapter 3: Prospectus and Allotment of Securities Chapter 4: Share Capital and Debentures Chapter 5: Acceptance of Deposits by Companies Chapter 6: Registration of Charges MODULE 2 Chapter 7: Management & Administration Chapter 8: Declaration and […]
Advance Accounting Question and Answers Chapter 1: Introduction to Accounting Standards Chapter 2: Framework for Preparation and Presentation of Financial Statements Chapter 3: Applicability of Accounting Standards Chapter 4: Presentation & Disclosures Based Accounting Standards Unit 1: Accounting Standard 1 Disclosure of Accounting Policies Unit 2: Accounting Standard 3 Cash Flow Statement Unit 3: […]
Agency – MCQs with Answers 1. What is the primary role of an agent?a) To act on behalf of the principalb) To make independent decisionsc) To act for themselvesd) To supervise the principalAnswer: a) To act on behalf of the principal 2. Which of the following is NOT a type of agency?a) Agency by agreementb) […]
Bailment and Pledge – MCQs with Answers Which section of the Indian Contract Act defines Bailment?a) Section 124b) Section 148c) Section 172d) Section 126 Answer: b) Section 148 In bailment, the person delivering the goods is called the:a) Bailorb) Baileec) Lessord) Pledger Answer: a) Bailor The person to whom goods are delivered in a bailment […]
Contract of Indemnity and Guarantee 1. What is a contract of indemnity? a) A contract to compensate for loss caused to a third partyb) A contract to compensate for loss caused to the promiseec) A contract of guaranteed) A contract between two companiesAnswer: b) A contract to compensate for loss caused to the promisee 2. […]
Breach of Contract and Its Remedies – MCQs Q1. What is a breach of contract?A. Violation of criminal lawB. Violation of a promise under a contractC. Making a new contractD. Performing the contract early Answer: B. Violation of a promise under a contract Q2. Which of the following is a remedy for breach of contract?A. ImprisonmentB. […]
Other Essential Elements of a Contract – MCQs 1. Which of the following is not an essential element of a valid contract?A. Free ConsentB. Lawful ConsiderationC. RegistrationD. Lawful Object Answer: C. Registration 2. Consent is said to be free when it is not caused by:A. CoercionB. Undue InfluenceC. FraudD. All of the above Answer: D. […]
Indian Regulatory Frame MCQS 1. The Indian Contract Act was enacted in which year?a) 1857b) 1872c) 1900d) 1947 Answer: b) 1872 2. Which of the following is not a source of Indian business law?a) Constitution of Indiab) Judicial decisionsc) Religious textsd) Company Memorandum Answer: d) Company Memorandum 3. SEBI was established in the year:a) 1988b) 1992c) 1995d) […]
Company Accounts What is the minimum number of members required to form a private company?a) 1b) 2c) 7d) 10Answer: b) 2 What is the minimum number of members required to form a public company?a) 2b) 7c) 10d) 50Answer: b) 7 Which document contains the fundamental rules of a company?a) Prospectusb) Articles of Associationc) Memorandum of […]