D:-Within 3 months from the date of transfer
Correct Answer:- Option-C
Question18:-Long-term capital loss of a particular assessment year can be set off in the same year from:
A:-Short-term capital gain
B:-Long-term capital gain
C:-Short-term or long-term capital gain
D:-Any head of income
Correct Answer:- Option-B
Question19:-The time limit for claiming refund under the GST law
A:-180 days
B:-1 year
C:-2 year
D:-5 years
Correct Answer:- Option-C
Question20:-The first committee constituted in 2000, to design GST model was headed by
A:-Vijay Kelkar
B:-Asim Das Gupta
C:-Dr. Chidambaram
D:-Arun Jaitley
Correct Answer:- Option-B
Question21:-If the amount paid by the holding company for the shares of subsidiary company is more than its proportionate
share in the net asset of the subsidiary company as on the date of acquisition, the difference is considered as .....
A:-Goodwill
-Capital reserve
C:-Non-controlling interest
D:-Investment
Correct Answer:- Option-A
Question22:-When shares are forfeited, share capital account is debited by
A:-Paid-up amount
B:-Called-up amount
C:-Nominal value
D:-Market value
Correct Answer:- Option-B
Question23:-Angle of incidence defines:
A:-Incidental factors in investments
-Marginal cost of production
C:-Systematic risk in CAPM model
D:-Post BEP rrelationship between total cost and total revenue
Correct Answer:- Option-D

Question24:-Present liability of uncertain amount which can be measured reliably by using substantial degree of estimation,
is termed as:

A:-Liability
B:-Provision
C:-Contingent liability
D:-Outstanding liability
Correct Answer:- Option-B
Question25:-in last year the current ratio was 3:1 and quick ratio was 2:1 Presently current ratio is 3:1 but quick ratio is 1:1.
This indicates comparably
A:-High liquidity
B:-Higher Stock
C:-Lower stock
D:-Low Profitability
Correct Answer:- Option-B
Question26:-Under factoring the factor acts in the capacity of
A:-An agent of his client
B:-A trustee
C:-A holder for value
D:-An administrator
Correct Answer:- Option-C
Question27:-combination of forwards by two counterparties with opposite but matching need is called