जीएसएससी परीक्षा पूर्वतयारी

1. Rebate under section 87A is available to

A HUF's

B Companies

C Resident individuals

D NRI's

E None of the above

Correct Answer C

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2. The alternate tax regime is

A Mandatory

B Availed by senior citizens only

C Optional for individuals and HUF

D For companies only

E None of the above

Correct Answer C

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3. Income tax levied by the government is referred as

A Indirect tax

B Capital tax

C Property tax

D Direct tax

E None of the above

Correct Answer D

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4. A loan taken for a fixed period with a fixed interest rate is known as:

A Overdraft

B Cash credit

C Term loan

D Bill discounting

E None of the above

Correct Answer C

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5. Interest on loans is shown in the profit and loss account under:

A Administrative expenses

B Selling expenses

C Other income

D Finance costs

E None of the above

Correct Answer D

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6. The right of a lender to take possession of the asset if the borrower fails to repay is called:

A Guarantee

B Foreclosure

C Hypothecation

D Lien

E None of the above

Correct Answer B

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7. The portion of the issued capital that has been subscribed and fully paid is known as:

A Authorized Capital

B Subscribed Capital

C Paid-up Capital

D Reserve Capital

E None of the above

Correct Answer C

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8. Profit on reissue of forfeited shares is transferred to:

A General Reserve

B Capital Reserve

C Share Forfeiture Account

D Securities Premium

E None of the above

Correct Answer B

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9. Share application money received in excess is:

A Forfeited

B Treated as income

C Refunded or adjusted

D Credited to capital reserve

E None of the above

Correct Answer C

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10. The Debt Equity Ratio is calculated as:

A Equity / Debt

B Total liabilities/ equity

C Debt/Equity

D Total assets/Debt

E None of the above

Correct Answer C

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11. Which is not a common benchmark in financial ratio analysis?

A Past performance

B Competitor ratios

C Industry averages

D Stock price trends

E None of the above

Correct Answer D

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12. Which of the following is not a measure of profitability?

A Net profit margin

B Return on equity

C Gross profit margin

D Current ratio

None of the above E

Correct Answer D

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13. A low quick ratio with a high current ratio suggests:

A Excessive receivables

B High inventory levels

C Strong liquidity

D Weak profit margins

E None of the above

Correct Answer B

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14. Capital expenditures appear in which part of the cash flow statement?

A Operating activities

B Financing activities

C Investing activities

D Notes to financial statements

E None of the above

Correct Answer C

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15. While performing trend analysis, which of the following is typically used as the base year?

A The year with the highest revenue

B The most recent financial year

C The year that represents normal business conditions

D The first year in the period under analysis

E None of the above

Correct Answer D

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16. What is the cost price of an article which is sold at a loss of 20% for Rs. 160?

A Rs.200

B Rs.220

C Rs.180

D Rs.170

E None of the above

Correct Answer A

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