MCQ - CA Final

10 Questions | Total Attempts: 87

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MCQ - CA Final

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Questions and Answers
  • 1. 
    Whether Indian CA, doing practice outside india is being governed by the Indian CA Act 1949?
    • A. 

      Yes

    • B. 

      No

    • C. 

      Depends on agreement with that country

    • D. 

      Council permission needed to practice outside india

  • 2. 
    What is Schedule 13 in companies Act ?
    • A. 

      Related to directors

    • B. 

      Auditors Appointment

    • C. 

      Meetings

    • D. 

      None of the above

  • 3. 
    US 44AE ESTIMATED INCOME ON HEAVY GOODS VEHICLE IS CALCULATED ON THE BASIS WHEN THE VEHICLE IS
    • A. 

      Hired

    • B. 

      Owned

    • C. 

      Any

    • D. 

      None

  • 4. 
    Ropeway proceeding from the factory is capital goods used inside the factory and hence
    • A. 

      Entitled to cenvat credit except capital goods

    • B. 

      Not entitle to cenvat credit due to immovable property

    • C. 

      Entitle to cenvat credit

    • D. 

      None of these

  • 5. 
    Sec 147 of Income Tax Act,1961 deals with:
    • A. 

      Income Escaping Assessment

    • B. 

      Seizzure of Income

    • C. 

      Notice of Scrutiny

    • D. 

      Summary Assessment

  • 6. 
    Is there any misconduct if a practising CA enters into a co-authorship with a Cost Accountant who is a Part time lecturer?
    • A. 

      No, there is no misconduct.

    • B. 

      Yes, he is guilty under Clause 11 Part 1 of First Schedule

    • C. 

      Yes, he is guilty under Clause 9 Part 1 of First Schedule

    • D. 

      None of these

  • 7. 
    What is minimum requirments in months for the industrial articleship?
    • A. 

      12

    • B. 

      15

    • C. 

      9

    • D. 

      7

  • 8. 
    Whether a non executive director is a related party as per AS-18?
    • A. 

      Yes, being a key management person

    • B. 

      Yes, even though not a key management person

    • C. 

      No, as not a key management person

    • D. 

      Not applicable

  • 9. 
    Schedule VI is applicable to
    • A. 

      All Company

    • B. 

      Partnership Firm

    • C. 

      Proprietory Firm

    • D. 

      None of the above

  • 10. 
    General Notice of interest under Sec.299 of the Companies has to be submitted by every director
    • A. 

      When they become the director

    • B. 

      When they inform their readiness to be director

    • C. 

      In every calendar year

    • D. 

      In every financial year

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