Practice Audit Questions and Answers

• ESOPs are:
• What would be the amount of profits?
•   If the depreciation on machinery kept in the factory is charged, which among the following will go up?
• For a manufacturing concern, what will be the effect of increase in debtors on the Cash flow Statement?
• What among the following is not the essential pre-requisites of a JIT System?
• Which of the following is an Expense for an accounting year
• For a non-financial firm, are depreciation expenses and interest expenses included or not included from operating expenses in the income statement? Depre...
• A 10% 5-year bond with a face value of Rs 1000, has been purchased by Mr. X for Rs.900, What is his Yield to Maturity?
•  Which of the following accounts for least likely a current asset?
• A portfolio to the right of the market portfolio on the Capital Market Line is:
• A company made credit sales of Rs.72 lakh in the year. If the debtors value at end of the year was Rs.12 lakh, what will be the average age of receivables,...
• Post discontinuation of LIBOR, the RBI has proposed to revise the all-in-cost ceiling for ECBs to _______
• The idea of bureaucratic leadership was propounded by which of the following management Pundits?
• A company had EBIT of Rs.3,70,000. The interest expense was Rs.45,000. The tax rate is 30%. The company paid Rs.31,000 dividend. What is the retention rati...
• Weighted average Cost of capital for Lavi Ltd. is 12%. Lavi Ltd. has issued equity worth Rs. 45 lakhs, 5% debt worth Rs. 15 lakhs and 6% preference shares ...
• A company issues 5,00,000 shares in the market. The face value of each share is Rs.2, the book value is Rs.10 and the market value is Rs.15. What is the ne...
• The price of the contract is Rs 120. The initial margin is 40 % and maintenance margin is 25%. At what price the margin call will be initiated if person ha...
• If the degree of operating leverage of a firm is given as 2.8 times, it means:
• ABC Ltd purchased raw materials worth Rs.1 lakh during FY21. It had opening stock of raw materials of Rs.12,000 at the beginning of the year and closed the...
• Byron Ltd reported 32000 in earnings during the current financial year. The total shares outstanding are 40000 at a market price of 18 per share. What is B...
• The cost of an asset on 01-01-2002 is 5,00,000 and its life is 10 years with salvage value is zero. If it is sold on 31-12-2008 for 50,000 than calculate t...
• Which of the following are part of Market Infrastructure institutions?
• What is the Full form of FIMMDA?
• Minimum Average Maturity Period for External Commercial Borrowings (barring certain exceptions) would be of:
• Expand FATF
• Banks are permitted to allow Startups to raise ECB under the automatic route, The borrowing per Startup will be limited to USD………&hell...
• Commission given on each unit of sales will fall under which of the following cost?
• Consider the following statements and state which among the following are the correct statements for Nidhi companies? A.    Nidhi companies ...
• What will be the contribution mix of Deepak Ltd, if for every five units of T-Shirts sold, six units of shirts are sold?
• Training and development of the employees is a management function which comes under _________.
• If income increase, the investment will ______
• Reena is the regional manager for a clothing retailer.She attends a ribbon cutting ceremony every time a new store opens for bussiness. Which one of Mintzb...
• Which of the following role is a manager performing where manager solves the problem, provide feedback, duly recognizes his employees, provides training an...
• Which of the following is a feature of an incentive and not a reward?
• Which of the following methods is not a method of quantitative control by RBI?
• Identify the incorrect statement about NBFC (Nonbanking finance company)
• Find the incorrect option regarding the elasticity of commodities?
• Which country is the largest importer of leather and leather products from India during April-August 2022?
• Which segment of the debt markets has highest market capitalization?
• A prospectus used to raise capital from the public but which does not specify the price or quantity of the public issue is known as _________