For the Assessment Year 2011-12, deduction under Sec. 80G is available without any limit but at the rate of 50% on
| A. | Prime Minister's National Relief Fund. |
| B. | National Foundation for communal Harmany. |
| C. | Jawahar Lal Nehru Memorial Fund. |
| D. | Chief Minister Relief Fund. |
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Option: C Explanation : Click on Discuss to view users comments. |
Owners equity stands for
| A. | Fixed Assets minus Fixed Liabilities. |
| B. | Fixed Assets minus Current Liabilities. |
| C. | Current Assets minus Fixed Liabilities. |
| D. | Total Assets minus Total outside Liabilities. |
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Option: D Explanation : Click on Discuss to view users comments. |
Which is used for short-term sales achievement?
| A. | Personal selling |
| B. | Advertising |
| C. | Sales Promotion |
| D. | Public Relations |
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Option: C Explanation : Click on Discuss to view users comments. |
Which of the following statements is true?
| A. | In case of inferior goods, the income effect is negative, although the substitution effect is positive. |
| B. | In inferior goods, the income and substitution effects are positive. |
| C. | In inferior goods, the income and substitution effects are negative. |
| D. | In case of inferior goods, the income effect is positive although the substitution effect is negative. |
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Option: A Explanation : Click on Discuss to view users comments. |
Which one of the following is true statement?
| A. | A balance of trade deals with export and import of invisible items only. |
| B. | A balance of payment deals with both visible and invisible items. |
| C. | The current account is not a component of balance of payment. |
| D. | All the above. |
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Option: B Explanation : Click on Discuss to view users comments. |
