What is the prescribed order of writing the following provisions in the Balance Sheet of companies as required by the Indian Companies Act, 1956, Part I, Schedule VI:1. Provision for contingencies2. Proposed dividends3. Provision for taxation4. Provision for Provident Fund schemeSelect your answer:

What is the prescribed order of writing the following provisions in the Balance Sheet of companies as required by the Indian Companies Act, 1956, Part I, Schedule VI: 1. Provision for contingencies 2. Proposed dividends 3. Provision for taxation 4. Provision for Provident Fund scheme Select your answer:

Which of the following events after the balance sheet date would normally qualify as adjusting events according to AS-4 (Events after balance sheet date)? (A) The insolvency of a customer on the balance sheet date (B) A decline in the market value of investments (C) The declaration of an ordinary dividend (D) The determination of the cost of assets purchased before the balance sheet date Choose the most appropriate answer from the options given below:

A

(A), (C) and (D) only

B

(A) and (B) only

C

(B) and (C) only

D

(A) and (D) only

Assertion (A): Where any special or local law prescribes for any suit appeal or application a period of limitation different from period prescribed by the Schedule, the provisions of Section 3 of Limitation Act, 1963 shall apply as if such period were the period prescribed by the schedule.
Reason (R): Where a Special Law prescribes a period of limitation for filing appeal but there is no provision therefore under Limitation Act, 1963, the period of limitation provided under the Special Law must be treated to be different from that under the Limitation Act.

A

Both (A) and (R) are true and (R) is correct explanation of (A)

B

Both (A) and (R) are true but (R) is not correct explanation of (A)

C

(A) is true but (R) is false

D

(A) is false but (R) is true

An employee is required to contribute 10% of his pay to General Provident Fund. If he gets Rs. 13500 at net pay in a month after deduction, then what is the monthly General Provident Fund contribution (assuming no other deductions)?

A

Rs. 1500

B

Rs. 1215

C

Rs. 1650

D

Rs. 1350

Which of the following statements are true/false?
1. Employees Provident Fund Act, 1952 is applicable to every establishment in which twenty or more persons are employed.
2. Basic wages means all emoluments which are earned by an employee while on duty or on leave or on holidays with wages.
3. Basic wages include dearness and House Rent Allowance (HRA).
4. Employee shall pay 10% per of the basic wages, dearness allowance and retaining allowance (if any) to Employee Provident Fund Scheme.

A

1, 2 are true and 3, 4 are false

B

1, 3 are true and 2, 4 are false

C

2, 4 are true and 1, 3 are false

D

3, 4 are true and 2, 1 are false

Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : Why don't you go to the court if the employer does not pay you the Provident Fund contribution? Assumptions : I. Courts can intervene in matters of dispute between employer and employees. II. It is obligatory for the employer to pay the Provident Fund contribution to the employees.

A

Only assumption I is implicit

B

Only assumption II is implicit

C

Either I or II is implicit

D

Neither I nor II is implicit

E

Both I and II are implicit

Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : Why don't you go to the court if the employer does not pay you the Provident Fund contribution?

Assumptions :
I. Courts can intervene in matters of dispute between employer and employees.
II. It is obligatory for the employer to pay the Provident Fund contribution to the employees.

A

Only assumption I is implicit

B

Only assumption II is implicit

C

Either I or II is implicit

D

Neither I nor II is implicit

E

Both I and II are implicit

Invesco Mutual Fund has launched its new fund Invesco India - Invesco Global Consumer Trends Fund of Fund. The fund will invest how much per cent of its assets in shares of Invesco Global Consumer Trends Fund?

A

95% - 100%

B

90% - 95%

C

85% - 90%

D

80% - 85%

E

75% - 80%

As per Wildlife Protection Act, 1972; there is provision for absolute protection and offence in which of the following schedule? 1. Schedule-1 2. Schedule-2 3. Schedule-3 4. Schedule-4

A

1 and 3

B

2 and 4

C

1, 2 and 4

D

1 and 2

Which one of the following pairs of schedules in the Constitution of India and their contents is NOT correctly matched? Schedule Content 1) Eighth Schedule Languages 2) Second schedule The forms of oaths and affirmations 3) Fourth Schedule Allocation of seats in the Council of States 4) Tenth Schedule Provisions as to disqualification on the ground of defection

A

1, 3 and 4

B

1 and 3 only

C

4 only

D

2 only

Which of the following provident fund is approved by the provident fund commissioner?

A

Statutory provident fund

B

Recognised provident fund

C

Unrecognised provident fund

D

Public provident fund

What is the prescribed order of writing the following provisions in the Balance Sheet of companies as required by the Indian Companies Act, 1956, Part I, Schedule VI:1. Provision for contingencies2. Proposed dividends3. Provision for taxation4. Provision for Provident Fund schemeSelect your answer:

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