MCQs on Hire Purchase System, Mcq on hire purchase system

1- Hire purchase system is governed by

किराया क्रय पद्धति किसके द्वारा नियंत्रित किया जाता है ?

A- Sale of Goods Act

B-Hire Purchase Act 1972

C- Installment Act

D-Properties Registration Act

Ans-Hire Purchase Act 1972

2- The Depreciation on an asset purchased through hire purchase should be

किराया खरीद के माध्यम से खरीदी गई परिसंपत्ति पर मूल्यह्रास होना चाहिए

A- Should be straight line only

B-Based on the cost price of the asset only

C-Based on the total cost including interest

D-No Depreciation should be provide until the final payment is made.

Ans Based on the cost price of the asset only

3-Ownership of goods under hire purchase agreement is transferred at the time of

किराया खरीद समझौते के तहत माल का स्वामित्व किस समय हस्तांतरित किया जाता है?

A-Payment of down payment

B-Payment of first installment

C-Full and final payment of last installment

Ans-Full and final payment of last installment

4-The amount of Interest is credited by the buyer to

ब्याज की राशि खरीदार द्वारा जमा की जाती है

A-Hire Purchase Account

B-Hire Vendor Account

C-Interest Account

Ans-B-Hire Vendor Account

5-The initial amount paid in hire purchase system is called

किराया खरीद प्रणाली में भुगतान की गई प्रारंभिक राशि को कहा जाता है

A-Cash price

B-Retail price

C-Interest

D-Down payment

Ans D- Down payment

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