Commerce Dada

 801. Asset in respect of which loss has been identified by the bank or internal auditor/external auditor or the RBI inspection, but the amount has not been written off, wholly or partly, is classifies as a) Substandard Asset b) Doubtful Asset c) Written off Asset d) Loss Asset 802. Which of the following is not classified as NPA a) Impaired b) Sub-standard c) Doubtful d) Loss 803. Erosion in the value of security can be reckoned as significant when the realizable value of the security is less than ________% of the value assessed by the bank or accepted by RBI at the time of last inspection, as the case may be a) 20 b) 50 c) 60 d) 75 804. In case of classification of advance as standard assets, provision is required by the bank a) .40% b) .50% c) .75% d) .80% 805. In case of classification of commercial real estate advance, as standard assets provision is required by the bank a) .40% b) .50% c) .75% d) 1.00% 806. In case of classification of advance as sub-standard assets, provisio...

MCQS ON AUDIT & ASSURANCE   751. A Society may invest its funds a) In stock market through stock exchange b) In the Central or Other Co-Operative Bank c) In the shares, securities, bonds or debentures of any other society whether limited liability or unlimited liability d) None of these 752. A Society may invest its funds a) In any of the securities specified in section 20 of the Indian Trusts Act, 1882 b) In the shares, securities, bonds or debentures of any other society with limited liability c) In any co-operative bank, other than a Central or State Co-Operative bank, as approved by the Registrar on specified terms and conditions. d) Any of the above 753. ________ % of the profits should be transferred to Reserve Fund, before distribution as dividend or bonus to members. a) 10 b) 20 c) 25 d) 30 754. A registered society may, with the sanction of the Registrar, contribute an amount not exceeding ______ of _______________ for any charitable purpose. a) 10%, Net profits r...

MCQS ON AUDIT & ASSURANCE  701. Bonus shares_____- fully paid up---- a) Must be b) May be c) May or may not be d) Should generally be 702. ________ shall carry voting right---- a) Debentures b) No debenture c) Convertible debenture d) Redeemable debentures 703. __________ issuing the debentures shall create______________ a) Every company, debentures redemption reserve b) Listed company, debenture redemption reserve c) Public company, debentures redemption reserve d) Private company, debentures redemption reserve 704. The company shall create debentures redemption reserve equivalent to ______ of the value of debentures. a) 25% b) 40% c) 50% d) 60% 705. The duties and functions of debenture trustee----- a) To protect the interest of debenture holders b) To redress the grievances of debenture holders c) Both option (a) and option (b) d) None of these 706. Before allotment of debentures prospectus should have been duly filed with------ a) Central government b) SEBI c) Registrar d) ...

MCQS ON AUDIT & ASSURANCE   651. Where no reply is received during the performance of direct confirmation procedures as part of audit of accounts receivable balances, the auditor should perform: (a) No additional testing (b) Additional testing including agreeing the balance to cash received; agreeing the detail of the respective balance to the customer’s remittance advice (c) Additional testing including preparing a detailed analysis of the balance, ensuring it consists of identifiable transactions and confirming that these revenue transactions actually occurred (d) Both (b) and (c) 652. Obtaining trade receivables ageing report and analysis and identification of doubtful debts is performed during audit of accounts receivable balances to address the following balance sheet assertion: (a) Valuation (b) Rights and obligations (c) Existence (d) Completeness 653. Observing inventory being counted and personally performing test counts to verify counts is performed during audit ...

601. Division of work among joint auditors should be a) In writing b) Properly documented c) Communicated to client d) All of above 602. If joint auditors are in disagreement with respect to the opinion to be covered by audit report, they shall a) Express their opinion in a separate audit report b) Notify to the client c) Express their opinion in a common audit report through a note d) Notify ROC regarding disagreement in audit opinion. 603. In case separate audit reports are issued by joint auditors, the reference of audit reports separately issued by others is made under the heading a) Emphasis of matter b) Basis for modified opinion c) Other matter d) Auditor’s responsibilities 604. All the joint auditors are jointly and severally responsible for a) Examining that financial statements of the entity comply with requirements of relevant statutes b) Presentation and disclosure of the financial statements as required by the applicable FRF c) Ensuring that the audit report complies with ...

  551. Principal auditor should __________ his audit opinion if he cannot use another auditor’s work and is not able to perform sufficient additional procedures- a) Qualify b) Disclaim c) Adverse d) Qualify or disclaim 552. Statement (1) Principal auditor may use the work of another auditor in accordance with SA 600 and there is no need to mention about division of responsibility in his audit report. Statement (2) SA 600 is applicable to all the components whether material or immaterial as components by their very nature need to be considered by the principal auditors a) Only statement 1 is true b) Only statement 2 is true c) Both the statements are true d) None of the statement is true 553. Which of the following SA deals with auditor’s responsibilities for using the work of internal auditor a) SA 600 b) SA 610 c) SA 620 d) SA 402 554. SA 610 deals with the external auditor’s responsibilities if using the work of internal auditors. This includes a) Using the work of internal audit...

  Management concept and Organisational Behaviour M. Com Final Year Question Paper 2022 #mcom #financialmanagement #humanresourcemanagement Human Resource Management Question Papers with answers PDF Human Resource Management Question paper 2022 HRM previous year Question paper Calicut University HRM Question Paper for BBA 2nd Year Banking Practices and Institutions Bangalore University Question Papers with Answers Banking Practices and Institutions Question Paper 2022 M.Com previous year question papers theory and practice of Management prabandh me siddhant awm waywahar Managerial Economics prabandhkiye arthshastra Marketing Management vipnan prabandh Human Resource Management Statistical analysis sankhiykiya vishlasion Human Resources and production Management M.Com previous year question papers M.com Final year question papers M.com Final year question papers in Hindi M.com Final year question papers in English Accounting for Managerial Decision for M.Com ...