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Practice Audit Questions and Answers

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 _________
Arrange the following ratios in the order in which they appear on a common-size income statement, from top to bottom: (A) Gross profit margin (B) Earnings ...
Which of the following forms of business are permissible under Banking Regulations Act?
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
Which company has launched India's first-ever UPI-ATM as a White Label ATM (WLA) with the National Payments Corporation of India (NPCI offering cardless ca...
What is the ethical responsibility of boards regarding stakeholder engagement?
What is the main goal of Organizational Behavior (OB)?
In finance and corporate accounting, there exists a pivotal metric denoted as EBIT, it's often noted that EBIT bears a striking resemblance to which of the...
________ has permitted AD Category-I banks to remit advance payment on behalf of Qualified Jewellers for import of gold through India International Bullion...
Consider the following statements regarding Sovereign Green Bonds (SGrBs): 1. SGrBs are eligible for trading in the secondary market and can b...
I n the Indian money market, _____ ( i ) is an instrument that provides short-term liquidity to the banking system, whereas _____ ( ii) are unsecured, shor...
In the finance industry, which application of data analysis is most critical for reducing credit risk?
What is the rule regarding the appointment of a new trustee under the Indian Trusts Act, 1882?
Which of the following scenarios best represents the ‘Paradox of Thrift’ as explained by Keynesian economics?
Under the Indian Trusts Act, 1882, when does the beneficiary's interest in the trust property vest?
A company is conducting a market research study to analyze customer preferences for a new product. They start by collecting a large set of potential respon...
Under the Indian Trusts Act, 1882, which of the following is NOT a ground for the extinguishment of a trust?
The TReDS has been instrumental in improving the working capital funding needs of MSMEs. What does TReDS stand for ?

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