Kerala PSC Previous Years Question Paper & Answer
Page:6
Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'Finance Manager' And exam conducted in the year 2023. And Question paper code was '119/2023/OL'. Medium of question paper was in Malayalam or English . Booklet Alphacode was ''. Answer keys are given at the bottom, but we suggest you to try answering the questions yourself and compare the key along wih to check your performance. Because we would like you to do and practice by yourself.
D:-Rs. 1,15,000
Correct Answer:- Option-B
Question27:-Which of the following allowances are fully taxable as per the present
income tax rules
(1) Project Allowance
(11) Medical Allowance
(111) foreign Allowance
(iv) marriage Allowance
A:-(i), (ii) and (iii) only
B:-(i), (iii) and (iv) only
C:-(i) and (iv) only
D:-(i), (ii) and (iv) only
Correct Answer:- Option-D
Question28:-Mr. X was retrenched from service n 31.3.2022 and he was given Rs.
6,20,000 as compensation for the same However, the compensation payable
according to the industrial Dispute Act was Rs. 5,20,000. What is the taxable
amount of compensation
A:-Rs, 6,20,000
B:-Rs. 1,00,000
C:-Rs. 1,20,000
D:-Rs. 5,20,000
Correct Answer:- Option-C
Question29:-Mr. X transferred as asset to Mr. Y who is Mr.Z's wife and inturn Mr.Z
transfers an asset to Mr. S who is the wife of Mr. X@ This is an example of
A:-Benami Transaction
B:-Cross Transfer
C:-Deemed Transfer
D:-Bond washing Transfer
Correct Answer:- Option-B
Question30:-Which of the following services are covered under Reverse charge
mechanism in GST
(1) Legal consultancy
(11) Good, Transport Agency
(iii) Manpower supply
(iv) Rent a lab
A:-(i) and (ii) only
B:-(i) and (iii) only
C:-(iii) and (iv) only
D:-All of the above