NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 405 - 407 of 1264

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Question number: 405

» Accounting and Finance » Money and Capital Market

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Appeared in Year: 2016

MCQ▾

Question

Which of the following statements is correct about Wage Boards in India?

(i) A Wage Board is a tripartite body.

(ii) Labor and management representatives on a Wage Board can be selected from industries other than the one, which is investigated.

(iii) Wage Boards are always statutory in nature.

(iv) Wage Boards work on the principle of living wage.

(July Paper 3)

Choices

Choice (4) Response

a.

(ii) and (iii)

b.

(i), (ii), (iii) and (iv)

c.

(iii) and (iv)

d.

(i) only

Question number: 406

» Accounting and Finance » Factoring

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Appeared in Year: 2016

MCQ▾

Question

A conciliation proceeding is deemed to be pending until any combination of the following conditions is fulfilled:

(i) A settlement is arrived at a memorandum of settlement is signed by parties to the dispute.

(ii) No settlement is arrived at; the report of conciliation officer is received by the appropriate government.

(iii) A reference is made to the court of Inquiry, Labor Court, Tribunal or National Tribunal during the pendency of conciliation proceedings.

(July Paper 3)

Choices

Choice (4) Response

a.

Only (i) is correct

b.

(i), (ii) and (iii) are correct

c.

Only (ii) is correct

d.

(i) and (iii) are correct

Question number: 407

» Income-Tax Law and Tax Planning » Basic Concepts

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Appeared in Year: 2016

Match List-Ⅰ List-Ⅱ▾

Question

Match the items of the List – I with List – II and indicate the correct code: (July Paper 3)

List-Ⅰ (Column I) List-Ⅱ (Column II)

(A)

House rent allowance

(i)

A step taken by tax authorities

(B)

Casual income

(ii)

Partly taxable allowance

(C)

Collection charges

(iii)

A deduction from income

(D)

Best judgement assessment

(iv)

Taxable income interest on securities

Choices

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

a.

  • (iv)
  • (i)
  • (ii)
  • (iii)

b.

  • (iii)
  • (i)
  • (ii)
  • (iv)

c.

  • (ii)
  • (iv)
  • (iii)
  • (i)

d.

  • (iii)
  • (i)
  • (iv)
  • (ii)

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