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Doctors Medicines MCQs Q&A

Which of the following is correct?
1. Unrealised dividend is an asset to the company
2. Dividend declared between two annual general meeting is called interim dividend
3. A company can distribute both interim and final dividend in the same financial year
Choose the correct answer:

Which of the following is correct?
1. Unrealised dividend is an asset to the company
2. Dividend declared between two annual general meeting is called interim dividend
3. A company can distribute both interim and final dividend in the same financial year
Choose the correct answer: Correct Answer 2 and 3

Related Questions

One of the primary responsibilities of the Company Secretary is to attend the Annual General Meeting of the company. As per the Companies Act, Annual General Meeting and requisitioned Extra ordinary General Meetings are explained U/S . . . . . . . .
In each question below is given a statement numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: About a year ago, Prime Minister Narendra Modi had told the world that the signature of a chartered accountant on financial statements was, perhaps, more powerful than even one of his own. ‘Just like doctors don’t want people to be ill to get more business, chartered accountants, too, need to safeguard the society’s economic health. Your signature is more powerful than the PM’s, and the government also believes the accounts signed by you’, Modi had said.  Assumptions: I. The CA community, however, may not have woken up to the value of the initials they put on financial statements. Last year has been more of a challenge for the community’s reputation, with banking frauds, asset quality divergences and mid-term auditor resignations dominating the headlines.  II. There cannot be a situation where there will be 100% agreement on everything. You may have rules but still judgmental factors in credit, asset recognition come in. The approach is that as soon as the asset is stretched, banks have to recognise the problem.  III. But even basic logic just went out of the window and banks together kept dishing out loans to such companies even when their annual turnover was half of the total debt.
Which of the following statements are true in context of a company under Company Act, 2013?
1. The shareholders of a company can appoint Board of Directors.
2. The Board of Directors is the proper authority to convene Annual General Meeting.
3. The gap between two annual general meetings must not be more than fifteen months.
As a salesperson, Poly can choose one of two methods of annual payment either an annual salary of Tk. 35,000 with no commission or an annual salary of Tk. 10,000 plus a 20 percent commission on her total annual sales. What must her total annual sales be to give her the same annual pay with either method?
The time interval between two annual general meeting should not exceed
Or
The maximum time lag between two annual general meetings of a company can be:
Sequence the steps for computing gross annual value of income from house property: (A) Find out the rent actually received or receivable after excluding unrealised rent before deducting loss due to vacancy. (B) Find out the loss because of vacancy. (C) Find out the reasonable expected rent of the property. (D) Find out which one is the higher amount computed in (C) or (A). (E) (D) - (B) is gross annual value Choose the correct answer from the options given below:
A company has 12 machines of equal efficiency in its factory. The annual manufacturing expenses are Rs. 24,000 and the establishment charges are Rs. 10,000. The annual output of the company is Rs. 48,000. The annual output and manufacturing costs are directly proportional to the no. of machines while the share holders get the 10% profit, which is directly proportional to the annual output of the company. If 8.33% of machines remained close throughout the year. Then the percentage decrease in the amount of share holders is :
Following are the shortilisting criteria for a candidates to be called for Interview for the post of Deputy Manager in an Insurance company. The candidate must (i) be at least 30 years and not more than 35 years as on 1st January, 2020. (ii) be a graduate in any discipline. (iii) have done MBA with specialisation in insurance with at least 75% marks. (iv)have at least one year post qualification work experience in an insurance company. (v) have secured at least 60% of marks in the screening test conducted by the company. (vi) a native of Maharashtra. However, if the applicant fulfills the above mentioned criteria except a) at (iv) above, the case may be referred to the General Manager of the company. b) at (v) above, the case may be referred to the Chief Manager of the company. c) at (vi) above but has studied Marathi as one subject in class 10, his case will be referred to Divisional Manager of the company. Rekha Kesharwani is 32 years old as on 1st Jan 2020. She has done B.Sc. from a university in Uttar Pradesh. She has done her post graduation in Business administration with a specialisation of Insurance from a reputed institute at Pune in 2016. She has scored 75% marks in the screening test conducted by the company. She is working as a development officer in LIC of India. What decision about Rekha Kesharwani can be taken on the basis of the information given above?
Given below are two statements. One is labelled as Assertion (A) and the other is labelled as Reason (R).  Assertion (A): Tax should not be charged on dividend income from the shareholders  Reason (R): Some economists are of the opinion that when tax has already been paid on the profit of the company and balance is distributed as dividend to the owners, tax need not be levied on them  In the light of the above two statements, choose the correct answer from the options given below  1. Both A) and R) true and R) is the correct explanation of A) 2. Both A) and R) true but R) is NOT the correct explanation of A) 3. A) is true but R) is false  4. A) is false but R) is true
Which of the following statements with regard to financial emergency in India is/are correct?
1. It is required to be approved by both the Houses of the Parliament within one month.
2. Once approved by both the Houses of the Parliament, it remains valid for six months.
3. Salary of any government official including the Supreme Court judges can be reduced during financial emergency.
4. During financial emergency, the executive authority of the Union shall extend to the giving of directions to any State to observe such, canons of financial propriety as may be specified in the directions.
Select the correct answer: