78. The tax that a business pays on a purchase and that it can use to reduce its tax liability
when it makes a sale is called :

(A) Tax pyramiding (B) Cascading effect
(C) Input tax credit (D) Tax holiday

79. Incash flow estimation, the depreciation shelters company’s income from :
(^) Taxation (B) Discounts
(0) Salvages (D) Expansion

80. Contingencies and Events occuring after Balance Sheet date are dealt with:

(A) AS1 ‏رم‎ AS4
(0 286 (0) AS 12
81. When a person legally exploits the tax system to reduce tax liabilities, it is called:
(^) Tax Evasion (B) Tax Management
(C) Tax Avoidance (D) Tax reduction

82. The situation where the aggregate of the par value of its shares and debentures exceeds the
true value of its fixed assets is called :

(ಸಿ) Over capitalisation (B) Optimum capital mix

(C) Under capitalisation (D) Negative capitalisation

83. ۸1187 (International Rate of Return) , the PI (Profitability Index) is :
(A) Zero (B) One
(C) More than one (D) Less than one

84. A retroactive arrangement between two parties who have no previous obligations to one

another :
(^) 1116681 contract (B) Valid contract
(C) Fake contract (D) Quasi contract

85. Name the present governor of RBI :
(^) Urjit Patel (B) Reghuram Rajan
(C) Shaktikanta Das () Nirmala Sitharaman

86. The types of goodwill where the customers are more loyal to a brand or company name :
(A) Cat Goodwill (B) Dog Goodwill
(C) Rat Goodwill (D) Rabbit Goodwill

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