NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 220 - 221 of 1424

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Question number: 220

» Income-Tax Law and Tax Planning » Exempted Incomes

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Appeared in Year: 2018

MCQ▾

Question

Which one of the following is agricultural income under the Income Tax Act, 1961? (September Paper II)

Choices

Choice (4)Response

a.

Income from sale of trees of forest which are of spontaneous growth and in relation to which forestry operations alone are performed.

b.

Interest on capital received by a partner from the firm engaged in agricultural operations.

c.

Interest on arrears of rent in respect of agricultural land.

d.

Interest received by a money-lender in the form of agricultural produce.

Question number: 221

» Business Environment » Economic Environment

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Appeared in Year: 2018

MCQ▾

Question

Which of the following statements are not correct? (September Paper II)

Table of Sustainable Development

Table of Sustainable Development

Statement (I)

:

Sustainable development means an attempt to achieve the balance between economic growth and conservation/protection of

environment.

Statement (II)

:

Sustainable development means meeting the needs of industries without compromising the needs of import - export balancing.

Statement (III)

:

Sustainable development means creation of sufficient surplus budgets through stock of capital assets including land.

Choices

Choice (4)Response

a.

Statements (I) and (III)

b.

Statements (I) and (II)

c.

Statements (I), (II) and (III)

d.

Statements (II) and (III)

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