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? 
• 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?  
• Training and development of the employees is a management function which comes under _________.