A 'Non-Resident' is a person who: MCQ with Answer and Explanation
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Question #1
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Money kept in Provident Funds and small savings schemes forms part of the:
Correct Answer: Option B
Explanation:
The Public Account holds money acting as a banker (e.g., provident funds) and does not require parliamentary vote for disbursements.
The Public Account holds money acting as a banker (e.g., provident funds) and does not require parliamentary vote for disbursements.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Annual Information Statement' (AIS) under Income Tax provides:
Correct Answer: Option C
Explanation:
AIS consolidates information like TDS, TCS, interest, dividends, share transactions, etc.
AIS consolidates information like TDS, TCS, interest, dividends, share transactions, etc.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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S1: The Indian Financial System comprises both organized and unorganized sectors. S2: The organized sector includes moneylenders and indigenous bankers. Which statement(s) is/are correct?
Correct Answer: Option B
Explanation:
The Indian Financial System has both organized (banks, RBI, stock exchanges) and unorganized (moneylenders, indigenous bankers) sectors. S2 is incorrect because moneylenders belong to the unorganized sector.
The Indian Financial System has both organized (banks, RBI, stock exchanges) and unorganized (moneylenders, indigenous bankers) sectors. S2 is incorrect because moneylenders belong to the unorganized sector.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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