NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 951 - 953 of 1269

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Question number: 951

» Business Environment » Legal Environment of Business in India

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Appeared in Year: 2009

MCQ▾

Question

Which of the following does not fall within the jurisdiction of MRTP Commission? (December)

Choices

Choice (4)Response

a.

Prevention of Restrictive Trade Practices

b.

Prevention of Monopolistic Trade Practices

c.

Regulation of Combinations

d.

Prohibition of Unfair Trade Practices

Question number: 952

» Banking and Financial Institutions » Financial Institutions » Mutual and Pension Funds (New 2019)

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Appeared in Year: 2018

Match List-Ⅰ List-Ⅱ▾

Question

Match the items of List I with the items of List II and choose the correct answer from the code given below. (December)

List-Ⅰ (Coloum-1)List-Ⅱ (Coloum-2)

(A)

Compensation received by an employee from his employer on termination of job

(i)

Income from other sources

(B)

Foreign allowance for rendering services abroad

(ii)

Exemption up to specified limit

(C)

Pension received by the widow of an employee

(iii)

Profits in lieu of salary

(D)

Children hostel allowance

(iv)

Fully exempt from tax

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iii)
  • (i)
  • (iv)
  • (ii)

b.

  • (iii)
  • (iv)
  • (ii)
  • (i)

c.

  • (iii)
  • (iv)
  • (i)
  • (ii)

d.

  • (ii)
  • (iv)
  • (i)
  • (iii)

Question number: 953

» Financial and Management Accounting » Audit of Financial Statements and Audit Report » (New 2019)

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Appeared in Year: 2018

MCQ▾

Question

Under sec. 194 IB of the Income Tax Act, 1961 an individual or HUF (who is not required to get his accounts audited u/s 44 AB) who is responsible for paying to a resident any rent, shall deduct income tax, for the use of any land and building or both, if the rent exceeds (December)

Choices

Choice (4)Response

a.

RS. 40,000 per month

b.

RS. 25,000 per month

c.

RS. 15,000 per month

d.

RS. 50,000 per month

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