June 2012 - Paper 3

11:  

Match the following :

            List - I                                       List - II

(i) Factoring services                    (a) Cash Management

(ii) Economic Order Quantity       (b) Receivable Management

(iii) Commercial paper                 (c) Inventory Management

                                                     (d) Working Capital Financing

A.

Codes :

(i) (ii) (iii)

(a) (c) (b)

B.

Codes :

(i) (ii) (iii)

(c) (b) (a)

C.

Codes :

(i) (ii) (iii)

(b) (c) (d)

D.

Codes :

(i) (ii) (iii)

(b) (a) (c)

 
 

Option: C

Explanation :

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12:  

Which one of the following is not the fundamental procedure that should be considered for the collective bargaining?

A.

Prenegotiation phase

B.

Selection of Negotiators

C.

Tactic and Strategy of Bargaining

D.

None of the above

 
 

Option: D

Explanation :

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13:  

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason. (R) :

Assertion (A) : Sinking fund is a charge against Profit and Loss Account.

Reason (R) : Sinking fund is created for repayment of a long term liability. In the context of the above two statements, which one of the following is correct?

 

A.

(A) is correct but (R) is wrong.

B.

Both (A) and (R) are correct.

C.

(A) is wrong, but (R) is correct.

D.

Both (A) and (R) are wrong.

 
 

Option: B

Explanation :

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14:  

Which one of the following will not affect the working capital?

A.

Realisation of cash from debtors.

B.

Sale of plant and machinery in cash.

C.

Issue of equity shares.

D.

Redemption of debentures.

 
 

Option: A

Explanation :

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15:  

Match the items of List - I with List - II :

             List - I                          List - II

I. Tax Planning                1. Making suitable arrangement of TDS

II Tax Avoidance             2. Understatement of Income

III. Tax Evasion               3. Availing deduction under Section 10A of IT Act.

IV. Tax Administration    4. Misinterpreting the provisions of the IT Act

A.

Codes :

I II III IV

2 1 4 3

B.

Codes :

I II III IV

1 4 3 2

C.

Codes :

I II III IV

3 4 2 1

D.

Codes :

I II III IV

4 1 3 2

 
 

Option: C

Explanation :

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