Practice Section test Accounts Questions and Answers

• According to the Companies Act in a case where the membership of a Producer Company consists of individuals and Producer Institutions, the voting rights sh...
• Who is eligible to become a Member of the Producer Company?
•      What does Special Right under section 378ZC means under Companies Act?
•      What is the requirement for transferring shares, along with any special rights, to an active Member of a Producer Company as per the Co...
•      According to the provisions as laid down under the Companies Act, can a Producer Company make a donation or subscription without any fo...
• As per the provisions of the Companies Act when is an unregistered company deemed to be unable to pay its debts?
• What happens to suits and other legal proceedings initiated by or against a company, to be registered under Part I of Chapter XXI of the Companies Act, whi...
• The UPI Lite, used for low value transactions, has recently the per-transaction limit being enhanced by RBI. What is the new limit for UPI Lite per transac...
• BHIM is a UPI based payment interface that allows real time fund transfers using a single identity like your mobile number or name. What does the “M” i...
•  In India, Treasury bills (T-bills) are used to raise short term money for the _____ 
• The minimum number of directors in a public company should be ________
• Which of the following is true with regard to Director Identification Number (DIN) of a director?
• Which of the following best describes an item that may get converted into an asset or liability at a later date, depending on the happening of a certain ev...
• Which of the following IFRS deals with Insurance Contracts?
• What is the full form of FSIB, the institute responsible for recommending to the government the person for appointment to the Board of financial institutio...
• Which of the following documents can be referred to as the the charter of a company,a documentwhich amongst other things, defines the area within which the...
• Which of the following is the golden rule of entry for personal accounts in the accounting process?
• The UPI payment system for non-smart or feature phones is known as _____
• What is the wallet limit under UPI Lite, as revised by RBI recently?
• What is the validity of the NETC FASTag used to make toll payment at a toll plaza digiatlly?