The 'Accounting Policy Changes' are applied: MCQ with Answer and Explanation
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Question #1
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In the context of the Indian Financial System, the 'Forward Markets Commission' (FMC) was the regulator for which market before its merger with SEBI?
Correct Answer: Option B
Explanation:
The Forward Markets Commission (FMC) was the regulatory authority for the commodity derivatives market in India before it was merged with SEBI in 2015.
The Forward Markets Commission (FMC) was the regulatory authority for the commodity derivatives market in India before it was merged with SEBI in 2015.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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A 'Capital Reserve' can be used for:
Correct Answer: Option C
Explanation:
Capital reserve, generally, can be used for issuing fully paid bonus shares, not for dividend distribution (except some specific reserves).
Capital reserve, generally, can be used for issuing fully paid bonus shares, not for dividend distribution (except some specific reserves).
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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A social audit is typically conducted by:
Correct Answer: Option C
Explanation:
Social audit involves participation of various stakeholders, including the local community, to evaluate social performance.
Social audit involves participation of various stakeholders, including the local community, to evaluate social performance.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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