NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 370 - 372 of 1264

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Question number: 370

» Financial and Management Accounting » Basic Accounting Concept

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Appeared in Year: 2016

Assertion-Reason▾

Question

Assertion (Ꭺ)

Odd pricing aims at maximizing profit by making micro-adjustments in pricing structure. (July Paper 3)

Reason (Ꭱ)

Odd pricing refers to a price ending in 1,3, 5,7, or 9. When examining a price, the first digits carry more weight than the last ones.

Choices

Choice (4) Response

a.

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

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.

Ꭺ is true but Ꭱ is false

Question number: 371

» Human Resources Management » Welfare and Social Security

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Appeared in Year: 2016

MCQ▾

Question

Which of the following is not provided under the Factories Act, 1948? (July Paper 3)

Choices

Choice (4) Response

a.

Any fee payable for the certificate of fitness shall be paid by occupier and not by the young person or his parent or guardian.

b.

The certificate of fitness is granted by a certifying surgeon on the application of any young person or a parent or a guardian.

c.

The certificate of fitness granted or renewed remains valid for a period of six months from the date of issue.

d.

An adolescent who has not been granted a certificate of fitness shall be deemed to be a child for the purpose of the act.

Question number: 372

» Income-Tax Law and Tax Planning » Deduction of Tax

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Appeared in Year: 2016

MCQ▾

Question

As per the Income Tax Act, 1961 for the assessment year 2015 - 16, a deduction u/s QQB for authors of books of literacy, artistic or scientific nature is allowed upto (July Paper 3)

Choices

Choice (4) Response

a.

3,00,000

b.

1,00,000

c.

2,40,000

d.

2,00,000

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