PFMS integrates with which system for Direct Benefit Transfer? MCQ with Answer and Explanation
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Question #1
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'Angel Tax' is a term used for tax on:
Correct Answer: Option C
Explanation:
Angel tax refers to Section 56(2)(viib) tax on excess share premium received by closely held companies.
Angel tax refers to Section 56(2)(viib) tax on excess share premium received by closely held companies.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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Which voucher is prepared when cash is paid for stationery?
Correct Answer: Option A
Explanation:
A payment voucher is prepared for all cash payments, including payments for expenses like stationery.
A payment voucher is prepared for all cash payments, including payments for expenses like stationery.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Government Company' as per Companies Act is one in which not less than 51% of paid-up share capital is held by:
Correct Answer: Option D
Explanation:
As per Section 2(45) of Companies Act, 2013, government company has at least 51% government shareholding.
As per Section 2(45) of Companies Act, 2013, government company has at least 51% government shareholding.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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