Classical

December 2013 - Paper3

71:  
Any amount of money received in excess of Rs 50,000 without consideration is fully taxable in the hands of
A.

Individuals

B.

Individuals and HUF

C.

Individuals, HUF and Company

D.

All assessees

 
 

Option: D

Explanation :


72:  
The major provisions for emplol'ees' health and safety are contained in
A.

The Industrial Disputes Act, 1947

B.

The Factories Act, 1948

C.
The Industrial Employment (Standing Orders) Act, 1946
D.
The Employees' Compensation Act,1923
 
 

Option: B

Explanation :


73:  
lndicate vour choice through the codes given below : 
 
1. A club is an industry under the Industrial Disputes Act, 1947
 
2. Factory as defined under the Factories Act, 1948 includes a mine.
 
3. For purpose of the pyvment of bonus to employees, the gross profits earned by a bank is to be calculated in the manner specified in Schedule - I of the Payment of the Bonus Act 1965.
 
4. Various labour laws do not apply to public sector undetakings.
A.
While 1 and 2 are correct, others are not.
B.
All the statements are correct
C.
Only 1 is correct, others are incorrect.
D.
Only 1 is incorrect, all others are correct.
 
 

Option: C

Explanation :


74:  
Match the items of List - I with the items of List - II and select the correct answer :
List - I                                                                   List - II
Abraham Maslow
Achievement Motivation Theory
Herzberg ERG Theory
Alderfer
Two Factor Theory
McClelland
Need Hierarchy Theory

 

A.

(a) (b) (c) (d)

B.

(D) (c) (b) (a) 

C.

(c) (b) (a) (d)

D.

(d) (c) (a) (b)

 
 

Option: B

Explanation :


75:  
Assertion (A) : The Central Bank of the country is responsible to maintain stability of the monetary standard which
involves currency circulation
Reason (R) : The Central Bank is  the only authorized entity to do so.
A.

(A) and (R) both are correct.

B.

(A) and (R) both are incorrect.

C.
(A) is correct, but (R) is incorrect.
D.
(R) is correct, but (A) is incorrect.
 
 

Option: A

Explanation :




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