Description : The upper limit of investment in plant and machinery for smallscale industries has been fixed currently at (1) 35 lakhs (2) 45 lakhs (3) 60 lakhs (4) 1 crore
Last Answer : 1 crore
Description : In a heat treatment shop, steel components are heat-treated in batches of 80 Tons. The heat treatment cycle is as follows; Increase temperature from 30 OC to 850 OC in 3 hours. ... efficiency of 80%, for same requirement. The investment towards installation of the new furnace is Rs. 50
Last Answer : Quantity of steel treated per batch - 80 Tons a. Efficiency of Furnace: Useful heat supplied to steel - 80000 x 0.12 x (850 - 30) = 7872000 kcal/batch .1 mark Total heat ... = Rs. 64400/batch Efficiency of new LPG furnace - 80% Heat supplied in new LPG furnace - 7872000/0.8
Description : Appointment of full time Company Secretary is compulsory in all those companies, whose paidup share capital is– (A) Rs. 50 lakhs or more (B) Rs. 1 crore or more (C) Rs. 2 crores or more (D) Rs. 3 crores of more
Last Answer : Answer: Rs. 2 crores or more
Description : 1. The investment limit of small scale industries has been increasing up to __________ crores.
Last Answer : Complete the following statements by choosing the correct alternative: 1. The investment limit of small scale ... HAL (c) MTNL (d) Railways
Description : Which of the following international organization is going to invest Rs 60 crore in Aadhar Housing Finance? A) International Monetary Fund B) International Finance Corporation C) Asian Development Bank D) World Bank E) European Investment Bank
Last Answer : B) International Finance Corporation Explanation: The World Bank s private sector funding arm International Finance Corporation (IFC) and Wadhawan Global Capital Pvt Ltd are going to raise their ... between them to help the housing loan provider to lower income families double its business.
Description : An investment of Rs. 100 lakhs is to be made for construction of a plant, which will take two years to start production. The annual profit from the operation of the plant is Rs. 20 lakhs. What will be the payback time? (A) 5 years (B) 7 years (C) 12 years (D) 10 years
Last Answer : (B) 7 years
Description : The total investment in a project is Rs. 10 lakhs and the annual profit is 1.5 lakhs. If the project life is 10 years, then the simple rate of return on investment is (A) 15% (B) 10% (C) 1.5% (D) 150%
Last Answer : (C) 1.5%
Description : An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by ... . 5, 80,425 C. Rs. 5, 77,800 D. Rs. 5, 77,500 E. None of these
Last Answer : B. Rs. 5, 80,425
Description : An investor invested a sum of Rs. 12 lakhs in Company P in 1998. The total amount received after one year was re-invested in the same Company for one more year. The total appreciation received by the investor on his investment ... 2, 42,200 C. Rs. 2, 25,600 D. Rs. 2, 16,000 E. None of these
Last Answer : C. Rs. 2, 25,600
Description : A company has to choose between two projects whose cash flows are as indicated below; Project 1: i. Investment - Rs. 15 Lakhs ii. Annual cost savings - Rs. 4 lakhs. iii. Bi-annual ... years xii. Salvage Value- 2 lakhs Which project should the company choose? The annual discount rate is 12
Last Answer : Year Project 1 Project 2 Outgo Saving NPV Outgo Saving NPV 0 15.0 0 =-15.0 14.0 0 = -14 1 0 4.0 = (4 / (1+.12)1 = 3.571 0.2 3.5 = (3.3 / (1+.12)1 = 2.95 2 0.5 4.0 = (3.5 / (1+.12)2 = 2.79 0.2 3.5 ... (1+.12)8 = 3.43 0.2 5.5 (3.5+2) = (5.3 / (1+.12)8 = 2.14 NPV = + 2.301 @12% = + 0.15
Description : Reserve Bank announced the cap under Market Stabilisation Scheme (MSS) which has been fixed at Rs 30,000 crore for the current fiscal. MSS was launched in the year A) 2001 B) 2006 C) 2005 D) 2004 E) None of these
Last Answer : D) 2004 Explanation: The scheme was launched in 2004.Under this scheme securities are issued with the objective of providing the RBI with a stock of securities with which it can intervene in the market for managing liquidity. These securities are issued not to meet the government‘s expenditure.
Description : Purchased cost of equipments for a chemical process plant ranges from __________ percent of the fixed capital investment. (A) 10 to 20 (B) 20 to 40 (C) 45 to 60 (D) 65 to 75
Last Answer : (B) 20 to 40
Description : .What is the sum between money spent on bonus by these two companies? a) Rs.72 lakhs b) Rs.62 lakhs c) Rs.60 lakhs d) Rs.65 lakhs e) None of these
Last Answer : e) None of these
Description : What is the average domestic investment in the year 2014? (You are not expected to calculate the exact value? a) Rs.2814.28 Crore b) Rs.2519.75 Crore c) Rs.2234.82 Crore d) Rs.3151.51 Crore e) Rs.3329.79 Crore
Last Answer : a) Rs.2814.28 Crore
Description : What is the difference between the total domestic investment and the total foreign investment in the year 2011? a) Rs.6400 Crore b) Rs.6200 Crore c) Rs.6600 Crore d) Rs.7000 Crore e) Rs.7100 Crore
Last Answer : c) Rs.6600 Crore
Description : Pick out the wrong statement. (A) The annual depreciation rate for machinery and equipments in a chemical process plant is about 10% of the fixed capital investment (B) Annual depreciation rate ... chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)
Last Answer : (D) In a chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)
Description : Which of the following is not an investment expenditure in goods and services? (1) Expansion of the main plant of a company (2) Purchase of a house (3) Purchase of machinery (4) An increase in business in ventories
Last Answer : (2) Purchase of a house Explanation: Investment expenditure refers to the expenditure incurred either by an Individual or a firm or the government for the creation of new capital assets like ... purchase of house cannot be considered as investment expenditure as it may be for personal use.
Description : Which of the following is not an investment expenditure in goods and services? (1) Expansion of the main plant of a company (2) Purchase of a house (3) Purchase of machinery (4) An increase in business inventories
Last Answer : Purchase of a house
Description : New Small Scale industries are exempted from the payment of income tax under section 80J is called __________ A. Development Rebate.. B. Investment Allowance. C. Rehabilitation Allowance. D. Tax Holiday
Last Answer : B. Investment Allowance.
Description : For small scale industries the company registration fee is a) Rs.100000 c) Rs.25000 b)Rs.250000 d) Rs.150000
Last Answer : 25000
Description : Who defined investment as "the construction of a new capital asset like machinery or factory building"? (1) Hansen (2) J.M. Keynes (3) Harrod (4) J.R. Hicks
Last Answer : (2) J.M. Keynes Explanation: Investment expenditure refers to the creation of new assets i.e. an addition to the stock of existing capital assets. According to Keynes investment demand depends upon ... the rate of interest (IR). Investment demand decreases with the increase in the rate of interest.
Description : Who defined investment as “the construction of a new capital asset like machinery or factory building” ? (1) Hansen (2) J.M. Keynes (3) Harrod (4) J.R. Hicks
Last Answer : J.M. Keynes
Description : Institutional agencies grant financial assistance to small scale industries for _________. A. participation in equity capital only. B. acquisition of fixed assets. C. working capital assistance. D. all of the above.
Last Answer : D. all of the above.
Description : 'Mixed economy' refers to - (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector
Last Answer : (4) the co-existence of public as well as private sector Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.
Description : Which of the following is the classification of Industries on the basis of raw-materials? (1) Small Scale — Large scale (2) Primary and Secondary (3) Basic and Consumer (4) Agro-based and Mineral based
Last Answer : (4) Agro-based and Mineral based Explanation: Industries are classified on the bases of source of raw material. There are two types of industries agro based and mineral based industries ... based industries are iron and steel, cement, aluminum, machine tools, and petrochemicals producing industries
Description : ‘Mixed economy’ refers to (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector
Last Answer : the co-existence of public as well as private sector
Description : Which of the following is the classification of Industries on the basis of raw-materials ? (1) Small Scale – Large scale (2) Primary and Secondary (3) Basic and Consumer (4) Agro-based and Mineral based
Last Answer : Agro-based and Mineral based
Description : )If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm - (1) 24 (2) 18 (3) 36 (4) 60
Last Answer : (3) 36 Explanation: The standard method of calculating average variable cost is to divide total variable cost by the quantity, illustrated by this equation : Average Variable Cost = Total Variable Cost/ Quantity of ... , Average Total Cost = 45000/2500 = 18 So Average Variable Cost = 54 - 18= 36
Description : If the average total cost is Rs. 54, total fixed cost is Rs. 45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm : (1) 24 (2) 18 (3) 36 (4) 60
Last Answer : 36
Description : The definition of 'small-scale industry' in India is based on - (1) sales by the unit (2) Investment In machines and equipments (3) market coverage (4) export capacity
Last Answer : (2) Investment In machines and equipments Explanation: Generally, small-scale sector is defined in terms of investment ceilings on the original value of the installed plant and machinery. As per ... -scale and large-scale industries. This limit is being continuously raised up wards by government.
Description : The definition of ‘small-scale industry’ in India is based on (1) sales by the unit (2) investment in machines and equipments (3) market coverage (4) export capacity
Last Answer : investment in machines and equipments
Description : A limited company makes a net profit of Rs. 2,00,000 after writing off preliminary expenses amounting to Rs. 20,000 and providing for depreciation on assets amounting to Rs. 40,000 and gain of Rs. 10,000 on sale of a piece of ... 2,00,000 (B) Rs. 2,40,000 (C) Rs. 2,50,000 (D) Rs. 2,60,000
Last Answer : Answer: Rs. 2,50,000
Description : MIS account in multiple of Rs. 1500/- can be made instead of Rs. 1000/- MIS and the maximum limit of investment in a single account has been raised from Rs. 3 lakh to Rs. 4.5 lakh and in joint account opened by two ... to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these
Last Answer : a) 01.8.2007
Description : For a small scale toy factory, the fixed cost per month is Rs. 5000/-. The variable cost per toy is Rs. 20 and sales price is Rs. 30 per toy. The break even production per month will be __________ toys. (A) 250 (B) 500 (C) 1000 (D) 3000
Last Answer : (B) 500
Description : A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. A. Rs. 500 and Rs 1.50 lakhs B. Rs. 1000 and Rs 2.50 lakhs C. Rs. 2000 and Rs 3.50 lakhs D. Rs. 5000 and Rs 4.50 lakhs
Last Answer : A. Rs. 500 and Rs 1.50 lakhs Explanation: A minimum yearly deposit of Rs. 500 is required to open and maintain a PPF account, and a maximum deposit of Rs.1.5 lakhs (as on Financial year 2015- ... Income Tax Act. The amount can be deposited in lump sum or in a maximum of 12 instalments per year.
Description : An HFC is required to have Minimum net owned fund of ______ A. Rs. 100 lakhs B. Rs. 200 lakhs C. Rs. 500 lakhs D. Rs. 1000 lakhs E. None of the Above
Last Answer : D. Rs. 1000 lakhs Explanation: For commencing the housing finance business, an HFC is required to have the following in addition to the requirements under the Companies Act, 1956: ♦ Certificate of registration from NHB ♦ Minimum net owned fund of Rs. 1000 lakhs
Description : A man sells two flats at the rate of Rs. 2 lakhs each. On one he gains 3% and on the other, he loses 3%. His gain or loss % in the whole transaction is A. 9% loss B. 2% loss C. 3% loss D. 25% loss
Last Answer : Answer – A (0.09% loss) Explanation – Loss% = X^2/100=(3)^2/100 % =0.09%
Description : In 2000, a part of Rs. 30 lakhs was invested in Company P and the rest was invested in Company Q for one year. The total interest received was Rs. 2.43 lakhs. What was the amount invested in Company P? A. Rs.9 lakh B. Rs.11 lakh C.Rs. 12 lakh D.Rs.18 lakh E. None of these
Last Answer : D.Rs.18 lakh
Description : Mr. X, the manager of XYZ Ltd. since 2002, was terminated by the Company on 1st Aug 2017 y paying a compensation of Rs.200 Lakhs. Such Compensation is: a) Chargeable under the Wealth tax Act 1957 b) Not Chargeable under Income Tax Act c) Chargeable u/s 17(3)(i) d) Chargeable u/s 28(ii)(a)
Last Answer : d) Chargeable u/s 28(ii)(a)
Description : HSK, an LLP has taken keyman insurance policy on the life of its managing partner. The policy got matured on 13th September 2017 and an amount of rupees 75 lakhs was paid by the insurers to the Managing partner ... c. rupees 75 lakh is taxable d. rupee 25 lakh is exempt and Rs 50 lakh is taxable
Last Answer : c. rupees 75 lakh is taxable
Description : R, an assessee carries on business in respect of which it holds tenancy rights. It carries out improvements to the said building at a cost of Rs. 2 lakhs and claims depreciation @ 10% thereon. Which one of ... Deduction will be allowed of Rs. 2 Lakh d) The amount of Rs.2.2 lakh will be capitalized
Last Answer : b) Depreciation will be allowed of Rs.20 thousand
Description : What is the prize money given with Rajiv Gandhi Khel Ratna? (1) Rs. 1.50 lakh (2) Rs. 2 lakhs (3) Rs. 3 lakhs (4) Rs. 5 lakhs
Last Answer : Rs. 5 lakhs
Description : P,Q, R enter into a partnership.P initially invests Rs 54 lakh and withdraws Rs 18 lakhs after 4 years. Q initially Rs 72 lakh ans adds another Rs 18 lakhs after 6 years and R invests Rs 108 lakh and adds another ... Then for how many years did R invests Rs 126 lakh per annum A) 5 B) 7 C) 8 D) 11
Last Answer : Answer: C) Ratio of their profit P, Q, R is 54*4+36*6:72*6+90*4:108*x+126*(10-x) =12:22:35 - 0.5x Profit of R=profit of P +profit of Q 35-0.5x=12+22 X=2 year The number of years for R invests Rs 126 lakh =10-2=8years
Description : Wipro is the leading IT company then the profit earned by same organization is distributed among HR and officers in the ratio of 13:7 respectively. If the number of HR is 104 and the number of officers is ... amount received by HR is Rs 6000. What was the total amount of profit earned (in lakhs )?
Last Answer : Total amount distributed among 104 HR’s= Rs. 104*6000 =Rs. 624000 Let the amount distributed to 156 officers be x Then 624000/x = 13/ 7 Then x = Rs, 336000 The total profit = Rs. 624000+336000= Rs. 9.6lakhs
Description : Mark the correct option relating to age limit a) For WLI & EA policies the insurant should not be less than 19 year an not more than 55 year on the date of next birthday b) For CWLA the upper age ... of both the spouses should not be less than 21 year and not more than 45 year. e) All the above
Last Answer : e) All the above
Description : For large scale industries the One time registration fee is a) Rs.25000 c) Rs.250000 b) Rs.100000 d) Rs.700000
Last Answer : Rs.100000
Description : An upper limit of oil content is limited to about __________ percent for achieving efficient and satisfactory level of wax sweating. (A) 5 (B) 15 (C) 40 (D) 60
Last Answer : (C) 40
Description : Under non medical scheme the age at entry of proponent should not exceed a) 35 years b) 40 years c) 45 years d) No limit
Last Answer : a) 35 years
Description : Currently Small Industries Development Bank of India(SIDBI) is a wholly owned subsidiary of _______ A. RBI B. IDBI C. 34 Government of India owned / controlled institutions D. None of the Above
Last Answer : C. 34 Government of India owned / controlled institutions Explanation: Small Industries Development Bank of India(SIDBI) was incorporated initially as a wholly owned subsidiary of Industrial Development ... . Currently the ownership is held by 34 Government of India owned / controlled institutions.
Description : BDL Ltd. is currently preparing its cash budget for the year to 31 March 2014. An extract from its sales budget for the same year shows the following sales values. Rs March 60,000 April 70,000 May 55,000 June 65,000 40% ... 2013 is (a) Rs 60,532 (b) Rs 61,120 (c) Rs 66,532 (d) Rs 86,620
Last Answer : (a) Rs 60,532