June 2012 - Paper 3

36:  

The value of free accommodation in Delhi provided by employer in the private sector is

A.

10% of salary

B.

15% of salary

C.

20% of salary

D.

25% of salary

 
 

Option: B

Explanation :

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37:  

Identify the true statement of the following :

(i) Balance Sheet is always prepared from the point of view of the business but not from that of the owners.

(ii) The financial relationship of the business to its owners is shown in the Balance Sheet.

(iii) Balance Sheet is always related to a period of time.

 

A.

(i) and (ii)

B.

(ii) and (iii)

C.

(i) and (iii)

D.

(i), (ii) and (iii)

 
 

Option: A

Explanation :

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38:  

Assertion (A) : International business focuses on global resources, opportunities to buy/sell worldwide.

Reason (R) : The efforts of IMF, World Bank and WTO to liberalise their economies led to globalisation.

A.

Both (A) and (R) are true.

B.

Both (A) and (R) are false.

C.

(A) is true, but (R) is false.

D.

(A) is false, but (R) is true.

 
 

Option: A

Explanation :

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39:  

Under the Income Tax Act, 1961 unabsorbed depreciation can be carried forward for setoff purpose :

A.

For 4 years

B.

For 5 years

C.

For 8 years

D.

For unspecified period

 
 

Option: D

Explanation :

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40:  

The conflicts in project ranking in capital budgeting as per NPV and IRR may arise because of

A.

Size disparity

B.

Time disparity

C.

Life disparity

D.

All the above

 
 

Option: D

Explanation :

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