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Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

A reserve amount that shall not be used by the company for any purpose other repayment of deposits is called ?

a)

Cash reserve ratio

b)

Debentures redemption reserve

c)

Security premium reserve

d)

Free reserve account

2.

Which bank was banned by RBI for issuing new credit cards and introducing new digital products after multiple glitches linked to its digital banking forum?

a)

HDFC bank Ltd

b)

ICICI bank Ltd

c)

Kotak Mahindra Bank Ltd

d)

Bank of Baroda Ltd

3.

What is the full form of IEPF?

a)

Investor’s education provident fund

b)

Investor’s education protection fund

c)

Investor’s education Protection form

d)

Investor’s education public fund

4.

Warren Buffet, World’s greatest investor is the Chairman and CEO of which company?

a)

Berkshire Hathaway

b)

American Express

c)

The Coca Cola Company

d)

Bank of America

5.

Which of the following is not immovable property ?

a)

Machinery permanently attached to the land

b)

Land

c)

Timber

d)

Building

6.

Which organisation is entrusted with promoting pension schemes in India among old ag and retired personnel ?

a)

AMFI

b)

PFRDA

c)

CBDT

d)

SEBI

7.

The first AGM of a Company shall be held within a period of ______ months from date of closing of 1st financial year.

a)

3

b)

6

c)

9

d)

12

8.

The Delivery of goods by one person to another for some specific purpose and time is known as

a)

Mortgage

b)

Charge

c)

Bailment

d)

Pledge

9.

Days of grace provided to instruments at maturity is

a)

1 day

b)

2 day

c)

3 day

d)

5 day

10.

Formal legal document which creates or confirms a right or record a fact is a

a)

Document

b)

Deed

c)

Statue

d)

Instrument

11.

The company act 2013 mandates the spending of at least __________ of Net Profit towards CSR activities

a)

1%

b)

5%

c)

2%

d)

3%

12.

A member of a company is same as shareholder of company.

a)

True

b)

False

13.

What is the full form of FPO?

a)

Future Public Offer

b)

Further Public offer

c)

Follow on public offer

d)

Final Public Office

14.

How much stake of LIC will be sold by Govt in its IPO?

a)

20%

b)

16%

c)

8%

d)

10%

15.

An act is said to be Ultra Virus company when its beyond the powers ;

a)

Of Company

b)

Of the Directors

c)

Of the Directors but not company

d)

Conferred on the company by AOA

16.

What is the other name of AOA?

a)

Internal Charter

b)

Magna carta

c)

Causa Pronima

d)

Modus Operandi

17.

Which of the following variable is popularly used to measure the risk in an investment ?

a)

Correlation

b)

Standard Deviation

c)

Certainty Equivalent

d)

Quartile deviations

18.

A new partner can be admitted in the firm with consent of ;

a)

Simple majority of partners

b)

Special majority of partners

c)

All the partners

d)

New partner only

19.

A ________ is a stipulation essential to the main purpose of the contract

a)

Warranty

b)

Condition

c)

Guarantee

d)

None of the above

20.

Are the citizen of India still taxed wealth tax?

a)

Yes

b)

No

21.

A proposal when accepted becomes a

a)

Promise

b)

Offer

c)

Contract

d)

Acceptance

22.

A ltd. Is the holding company of B Ltd. As the share price of A Ltd corrected, B Ltd saw an opportunity to invest in A Ltd by buying its shares. Can B Ltd do so ??

a)

No, it can not

b)

Yes, absolutely

c)

Yes, after taking permission of ROC

d)

Yes, after passing special resolution

23.

Both tax avoidance and tax invasion is illegal in India.

a)

Tax avoidance is legal and tax evasion is illegal.

b)

True

c)

Tax avoidance is illegal and tax evasion is legal

d)

Both are legal

24.

SEBI was recognised as autonomous body with statutory powers in which year?

a)

1988

b)

1990

c)

1993

d)

1992

25.

The new Income tax website's development contract was given to which Indian company

a)

TCS Ltd

b)

Infosys Ltd

c)

Tech Mahindra Ltd

d)

HCL Technologies Ltd