The 'Limited Liability Partnership' (LLP) is governed by: MCQ with Answer and Explanation
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Question #1
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The time value of money concept is a core element in which financial management decision?
Correct Answer: Option A
Explanation:
Capital budgeting techniques like Net Present Value (NPV) discount future cash flows, fundamentally relying on the time value of money.
Capital budgeting techniques like Net Present Value (NPV) discount future cash flows, fundamentally relying on the time value of money.
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Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In India, the new 'Income Tax Bill' 2025 aims to:
Correct Answer: Option A
Explanation:
The proposed bill seeks to simplify the language and structure of the Income Tax Act.
The proposed bill seeks to simplify the language and structure of the Income Tax Act.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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S1: PFMS stands for Public Financial Management System. S2: PFMS is implemented by the Reserve Bank of India. Which statement(s) is/are correct?
Correct Answer: Option B
Explanation:
PFMS stands for Public Financial Management System, a web-based software system. It is implemented by the Controller General of Accounts (CGA) under the Ministry of Finance, not the RBI. S1 is correct, S2 is incorrect.
PFMS stands for Public Financial Management System, a web-based software system. It is implemented by the Controller General of Accounts (CGA) under the Ministry of Finance, not the RBI. S1 is correct, S2 is incorrect.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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