C:-Pay back period
D:-None of these
Correct Answer:- Option-A

Question48:-A rights issue of capital to the existing shareholders through a Letter of Offer is made in the first instance to the
existing shareholders on a basis.

A:-Equal
-Allotment
C:-Pro rata
D:-Alll of these
Correct Answer:- Option-C
Question49:-The reason for Equity Buy Back can be
A:-To boost stock price
B:-To substitute for cash dividends
C:-To rationalize company's capital structure
D:-All of the above
Correct Answer:- Option-D

Question50:-Bonds that have a credit rating of BB or lower by Standard and Poor's and Ba or lower by Moody's are referred
to as Bonds.

A:-Inverse
B:-Junk
C:-Discount
D:-Both (2) and (3)
Correct Answer:- Option-B
Question51:-As per Section 5, incidence of tax on a taxpayer depends on :

1. His residential status.
Il. The place and time of accrual or receipt of income.

A:-Both | and Il
B:-Either | or Il
C:-Only |
D:-Only ॥

Correct Answer:- Option-A
Question52:-For an NRI, Foreign Income is
A:-Taxable in India
B:-Not taxable in India
C:-Partially taxable in India
D:-Taxable in India on stipulations
Correct Answer:- Option-B
Question53:-Loss under the head of "Capital Gains"
A:-Can be set off against any other income
B:-Cannot be set off against any other income and shall be carried forward
C:-Cannot be set off against any other income and shall not be carried forward
D:-Either (1) or (2)
Correct Answer:- Option-B
Question54:-GST stands for
A:-General Sales Tax
B:-Goods and Services Tax
C:-Grouped Sales Tax
D:-None of these
Correct Answer:- Option-B

Question55:-The remuneration received by people like doctors, architects, lawyers etc from their clients is treated under the
head

A:Salaries

-Income from business or profession
C:-Income from other sources

D:-Any of the above

Correct Answer:- Option-B

Question56:- is any casual emolument fee or profit attached to an office or position in addition to salary or
wages.

A:-Annuity