NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 303 - 305 of 1424

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Question number: 303

» Financial and Management Accounting » Basic Accounting Concept

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Appeared in Year: 2018

Assertion-Reason▾

Question

Assertion (Ꭺ)

Personal transactions of the owners of the business are not recorded in the books.

(September Paper II)

Reason (Ꭱ)

According to the business entity concept, each business enterprise is considered as an accounting unit separate from owners.

(September Paper II)

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are false

b.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

c.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

d.

Ꭺ is true but Ꭱ is false

Question number: 304

» Banking and Financial Institutions » Reserve Bank of India

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Appeared in Year: 2018

Assertion-Reason▾

Question

Assertion (Ꭺ)

The Reserve Bank of India is entrusted with the management of the public debt and issue of new loans and treasury bills on behalf of the central and state Governments. (September Paper II)

Reason (Ꭱ)

The Governor and the Deputy Governors of Reserve Bank of India are appointed by the Central Government.

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are false

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is false but Ꭱ is true

d.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

Question number: 305

» Accounting and Finance » Accounting Standards in India

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Appeared in Year: 2016

MCQ▾

Question

Which of the following is not a feature of payback period method? (July Paper-2)

Choices

Choice (4)Response

a.

It does not consider the risk associated with the projects.

b.

It is very difficult to calculate.

c.

It is simply a method of cost recovery and not of profitability.

d.

It does not consider the time value of money.

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