Mech Veg 2 Quiz

10 Questions | Total Attempts: 58

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Mech Veg 2 Quiz - Quiz


Questions and Answers
  • 1. 
    Public finance deals with the finances
    • A. 

      Government

    • B. 

      World  bank 

    • C. 

      RBI

    • D. 

      Commercial banks

  • 2. 
    Unlimited liability one can find
    • A. 

      Sole trading concern and partnership

    • B. 

      Sole trading concern and joint stock company

    • C. 

      Partnership and joint stock company

    • D. 

      Only partnership

  • 3. 
    Who manages the risk in the company
    • A. 

      Board of directors

    • B. 

      Shareholders

    • C. 

      Auditors

    • D. 

      Management

  • 4. 
    Stakeholders include
    • A. 

      Suppliers

    • B. 

      Bankers

    • C. 

      Society

    • D. 

      Employees

    • E. 

      All the above

  • 5. 
    Statutory audit for the sake of
    • A. 

      Shareholders

    • B. 

      Employees

    • C. 

      Government

    • D. 

      Management

  • 6. 
    Under parternship the maximum partners can be 
    • A. 

      20

    • B. 

      18

    • C. 

      14

    • D. 

      10-12

  • 7. 
    Double taxation  problems lies in 
    • A. 

      Joint stock company

    • B. 

      Hindu undivided family

    • C. 

      Partnership 

    • D. 

      Sole proprietorship

  • 8. 
    Internal audit is meant for 
    • A. 

      Shareholders

    • B. 

      Stakeholders

    • C. 

      Management

    • D. 

      Employees

  • 9. 
    Principle of balanced budget implies
    • A. 

      Expenditure   =revenue

    • B. 

      Expenditure = revenue - interest on debts

    • C. 

      Expenditure = revenue - borrowing

    • D. 

      Expenditure -revenue - borrowing and interest on debts

  • 10. 
    Principle of elasticity applies to
    • A. 

      Expenditure and taxes

    • B. 

      Expenditure only

    • C. 

      Taxes only

    • D. 

      Expenditure,  taxes  and  Interest rate

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