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SEBI Grade A 2021 Phase I Paper 2

The document contains 50 multiple choice questions related to topics like GST, accounting, finance, and business. The questions cover concepts such as GST registration, negotiable instruments, inventory management, financial ratios, partnership, and companies.

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26 views3 pages

SEBI Grade A 2021 Phase I Paper 2

The document contains 50 multiple choice questions related to topics like GST, accounting, finance, and business. The questions cover concepts such as GST registration, negotiable instruments, inventory management, financial ratios, partnership, and companies.

Uploaded by

92292anoop
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Crack Grade B 1

Memory based SEBI GRADE A Phase 1 Paper 2 Questions


1.GST registration is done based on PAN.

2. The language used to create webpage: HTML

3. Reward and punishment policy to induce good behavior: Carrot and Stick

4. DTAA in DTAA DT stands for?

Double Tax Avoidance Agreement

5. Classification of income is done under which section of the income tax act 1961:

Section 14

6. Bill of exchange drawn in parts are called: Bills in sets

7. Who decide whether a bill is money bill or ordinary bill: the Speaker of the Lok Sabha

8. As per which campaign GOI aims to generate awareness and to improve to the welfare
services intended for girls in India: Beti Bachao, Beti Padhao

9. Which of the following is not a negotiable instrument: Hundis

10. in SWOT O stands for Strengths, Weaknesses, Opportunities, and Threats

11. Just in time an inventory management process.

12. Rent paid for 11 month has been recorded but for the 12th month which is outstanding
has not been recorded in journal entry: error of omission

13. Provision of tax appear in a company balance sheet under which sub-head Short term
provisions

14. Who is the lander of last resort: RBI

15. Working and operations of NBFCs are regulated by RBI

16. if there is no consideration then agreement is void

17. GST is applicable to whole of India

18.Current assets are those assets which are to be realized within twelve months

19.NAV means in mutual funds: Net Asset Value

20. Charge against a property of the company is to be registered with Registrar


of Companies (ROC).

21. Markets where gold and silver are traded: Bullion Market

22. he reason for decline in the child sex ratio in India is Female foeticide

23. A debenture holder is entitled to fixed interest payments


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24. Labor turnover means? Labor turnover refers to the ratio of a number of employees
who leave a company through attrition, dismissal or resignation to the total number
of employees on the payroll in that period

25. ITNS281 is used to pay: This Challan is used for depositing Tax Deducted at
Source (TDS) or Tax Collected at Source (TCS)

26.Assets are 36000, Liabilities are 16000 then owner equites?

Assets = Liabilities + Owner's Equity = 20000

27.To improve the performance of any process which of the following is required?

Control and feedback

28. Computer related offence is known as Cyber crime.

29. BPO stands for Business Process Outsourcing.

30 CPM stands for Critical Path Method.

31. In the absence of partnership deed the partner shares profits or losses in equal
amount.

32. The process to start or restart the computer is called Boot.

33.Contribution is 40000 and sales is 200000 then P/V ratio?

P/V Ratio = Contribution/Sales = 40000/200000 = 20%


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Crack Grade B 3

34. While computing income from the house property, the municipal taxes are deductible
on paid basis

35. Partners current account are open when their capital accounts are fixed

36. Interest payable on debentures is charge on profits or loss account.

37. Which organization play important role in promoting financing and development of
MSME? SIDBI

38. Tally is one of the most popular Accounting software.

39. Total number of schedules in Companies Act 2013: 7 schedules

40. BSE is located at: Dalal Street

41. In case of liquidation of company, which is payable in last: Equity holders

42. Which animal is there in Make in India logo: Lion

43. Software Company promoted by Narayan Murthy: Infosys

44. The law of demand means the price increases, demand decreases.

45. CBDT is related to: direct taxes

46. Agriculture is a part of State list in the constitution.

47. Current Ratio is a Liquidity ratio.

48. Debit when comes in and the credit what goes out

49. On incorporation of company, the company will be allotted CIN by CRC

50. The statistical study of population is Demography

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