QuestionS4:-Which among the following statement is correct with regard to GST ?
‘AsThe whole of the income of a trust is exempted from GST
B:-The whole of the income of a registered trust is exempted from GST
लना income of a trust from specified defined charitable activities are exempted
D=The income of a registered trust from specified defined charitable activities are exempted from GST
Correct Answer:- Option-D
Question55 Which among the Constitutional Amendment paved the way for the introduction of GST in India ?
‘A~1915t Constitutional Amendment
B:-19grd Constitutional Amendment

ഗ്ല Constitutional Amendment

197th Constitutional Amendment
Correct Answer:- Option-A
Question56:-GST is introduced in India wet
Ax] 5t January, 2017
8-]58 8011, 2017

Cryst July, 2017

1-1 8# June, 2017
Correct Answer:- Option-C
Question57:-The first two digits of 15 digit GSTIN represents,
AzState Code
B:-Country Code
C=-Supplier Code
D:-Check Sum Digit

Correct Answer:- Option-A

‘QuestionS8:-In GST, "the supply of goods or services which constitutes the predominant element of a composite supply and to which any other supply forming part of that composite
supply is ancillary" is called

‘A=Composite supply
Bi-Mixed supply
CPrincipal Supply
D:-Continuous supply
Correct Answer:- Option-C
QuestionS9:-IGST stands for
‘AsIntemational Goods and Services Tax
B:-Industrial Goods and Services Tax
CuInterstate Goods and Services Tax
‏معام وم اماه‎ Goods and Services Tax
Correct Answer:- Option-D
Question60:-In GST, the details of outward supplies of goods or services of every registered person shall be submitted by
‏رسيم‎ of the succeeding month
8:9 th of the succeeding month

C5 tho the succeeding month

20th of the succeeding month

Correct Answer

च)
‘Question61 -IFRS-13 deals with
i. Financial instrument
li. Consolidated financial statements
li, Fair value measurement

Asonly i

B:-Only i

സ!

D:-Only i and i

Correct Answer:- Option-C

Question62:-AB Ltd decided to make a rights issue in the proportion of one new share of Rs. 200 each at a premium of Rs. 50 each to the share holders for every three existing shares.
‘The market value of the shares at the time of announcement of rights issue is Rs. 500 each. Calculate the value of right issue.
1: 62.50

li, 437.50
॥ 250
iv. 300
A: Only fi
B:-Only i

c-Only iv