December 2015 - Paper 3

51:  
Match the items of List - I with List - II :
 
List - I                                                  List - II
 
(a) Intangible Assets                      (i) Ind AS 31
 
(b) Impa irment of Assets             (ii) Ind AS 34
 
(e) Interim Financial Reporting  (iii) lod AS 36
 
(d) interests in Joint Ventures    (iv) lod AS 38
A.

(i) (ii) (iii) (iv)

B.

(iv) (iii) (ii) (i)

C.

(iv) (i) (ii) (iii)

D.

(iv) (ii) (i) (iii)

 
 

Option: B

Explanation :

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52:   Assertion (A): Human Resource Accounting is the measurement of the cost and value of
people to the organization.

Reasoning (R) : Human Resource Accounting involves measuring costs incurred by the
organizations to recruit, select, hire, train and develop employees and judge
their economic value to the organization.
A.

Assertion (A) and Reasoning (R) are correct and tR) is the right explanation of (A)

B.
Assertion (A) and Reasoning (R) are correct and (R) is not the right explanation of (A)
C.

Assertion (A) is correct but Reasoning (R) is incorrect

D.

Both Assertion (A) and Reasoning (R) are incorrect

 
 

Option: A

Explanation :

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53:   For the discharge of its functions efficiently, SEBI has been vested with the following
powers :

(a) to approve by·laws of stock exchanges

(b) to direct the stock exchanges to amend their by· laws

(c) inspect the books of accounts and call for periodical returns from recognized stock
exchanges

(d) inspect the books of accounts of financial intermediaries

(e) compel certain companies to list their shares in one or more stock exchanges

(f) registration of brokers
A.

(a), (b), (c) and (f)

B.

(a), (c), (d) and (f)

C.

(b), (c), (d), (e) and (f)

D.

(a), (b), (c), (d ), (e) and (f)

 
 

Option: D

Explanation :

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54:   Consider the following characteristics:

(a) High risk high return opportunity

(b) Small and medium size enterprise

(c) Private equity stakes in start-ups

(d) Investment fund

The above attributes are found in :
A.

Mutual Funds

B.

Venture Capital Funds

C.

Qualified Institutional Buyers

D.

Domestic Institutional Investors

 
 

Option: B

Explanation :

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55:   Identify the incorrect statement(s), regarding money market, among the following:

(a) The call money market deals in short term finance repayable on demand, with a maturity
period varying from one day to 14 days.

(b) Treasury bills are instruments of short-term borrowing by the Government of India,
issued as promissory notes under discount.

(c) A reduction in the repo rate helps banks to get money at a cheaper rate.

(d) Money market mutual funds invest money in specifically, high-quality and very short
maturity-based money market instruments.
A.

(a) and (c)

B.

(b)

C.

(d)

D.

None of the above

 
 

Option: D

Explanation :

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