1.

A company submit their TDS in a year maximum ________ times a) 2 timesb) 3 timesc) 4 timesd)
6 times
Answer: C
2. Apply for new Service Tax registration by__________a) ST-1 Formb) ST-2 Formc) ST-3 Formd)
None of them
Answer: A
3. Attendance voucher is invoked by__________a) Alt + F5b) Ctrl + F5c) Alt + Ctrl + F5d) None of
these
Answer: B
4. Bill adjustment entry from which menu__________a) Entry b) Reportsc) mastersd) Utility
Answer: A
5. Bill of material create is under____________a) Transactions b) Configuration c) Mastersd) Display
Answer: C
6. Bill summary is display in______________a) Display b) Transactions c) Printing d) Administration
Answer: A
7. By default printer setting is ____________a) Generic laser printers b) Generic Dot matrix printers c)
Generic laser printers A4 d) None of these
Answer: B
8. Can We create Cash in hand ledger in ACE__________a) Yes b) No c) N.A.d) N.A.
Answer: A
9. Cash flow options is unde__________r a) Masters b) Utility c) Reports d) Mis-Reports
Answer: C
10. cash/bank book are present __________ menu a) Entry b) Mis-Reports c) Entry and report menu d)
None of these
Answer: C
11. Central Sales Tax is levied by__________a) Sate Government b) Central Government c) Finance
Commission d) Planning Commission
Answer: B
12. Company features will be use from__________a) Transactions b) house keeping c) Configuration d)
Display
Answer: C
13. CST act apply only__________a) Intra state sales b) import and export sales c) Interstate sales d)
none of these
Answer: C
14. CST can apply under act__________a) Central Sale tax Act 1957 b) Central Sale tax Act 1958 c)
Central Sale tax Act 1959 d) Central Sale tax act 1945
Answer: A
15. CST stands for__________a) Central Sale tax b) Central State Tax c) Collected sale tax d) none of
these
Answer: A
16. Data Freezing system done by__________a) Payment voucher b) Utilities option c) Receipt voucher
d) Contra voucher
Answer: B
17. Data import export can do from which menu__________a) Administration b) Company c) Features
d) House keeping
Answer: A
18. Deduction under section 80CCC is allowed to the extent of__________a) 100000 b) 200000 c) Rs
300000 d) None of these
Answer: A
 19. Display the history of all Work what you do in previous__________a) Entry b) Masters c)
Favorities d) Reports
Answer: C
20. Due date for submission of ER-6 Return__________a) 5th of next month for the Principal b) 10th of
next month for the Principal c) 15th of next month for the Principa ld) None of these
Answer: B
21. During Item creation Default valuation method is____________a) Fifo b) Lifo c) Average d) Std
Cost
Answer: C
22. Employee claim for their TDS refunding by submit__________a) ITR-1 b) ITR-2 c) ITR-4 d) ITR-
7
Answer: A
23. Employer EPS pay head is under pay head type__________a) Employees Statutory Deductions b)
Earnings for employees c) Employer Statutory Contributions d) Employers Statutory Deductions
Answer: C
24. EPF administrative charges payable by employers’ rate of 1-1-15 onwards__________a) 0.65% b)
0.85% c) 1.10% d) 0.37%
Answer: B
25. Eps contribution rate is__________a) 8.33% b) 3.67% c) 8.34% d) 8.31%
Answer: A
26. ERP Stands For__________a) Electricity Resources Plant b) Enterprises resources Part c) Enterprises
Resources Planning d) None Of These
Answer: C
27. Export the data from which menu__________a) Masters b) Company c) Reports d) Utility
Answer: D
28. Final account are present in__________a) Query b) Masters c) Mis-Reports d) Company
Answer: A
29. Form 16A related with__________a) VAT b) TDS c) CST d) Service Tax
Answer: B
30. Form 26Q is applicable for TDS deducted under section of income tax act
a) 200(3)
b) 200(4)
c) 100(3)
d) 104(3)
Answer: A

31. From which menu you can upgrade the Software

a) Utility
b) Reports
c) Query
d) Company
Answer: A

32. Gratuity effected only

a) basic pay
b) house rent allowance
c) Da
d) Pf
Answer: A

33. How many default ledger in ACE

a) 10
 b) 20
c) 15
d) 30
Answer: B

34. how many types of attendance or production types

a) 2
b) 4
c) 3
d) 1
Answer: C

34. How to create a Bom in ACE

a) Utility>Production formula
b) Masters>Products & Services>Production formula
c) Entry>Product & Services>Production formula
d) None of these
Answer: B

35. How to go new financial year ?

a) Split year
b) split company
c) Change financial year
d) Change Company date
Answer: C

36. If PAN No is not furnish the TDS Rate is

a) 1.00%
b) 20.00%
c) 2.00%
d) None of these
Answer: B

37. Input vat related to

a) on sales
b) on purchase
c) both 1 and 2
d) None of these
Answer: B

38. Insurance defines under section as per IT Act

a) 80C
b) 80CCD
c) 80GGB
d) 80GGC
Answer – A
42. Is required password and user when Company open in Busy__________
a) Yes
b) No
c) N.A.
d) N.A.
Answer – A
43. Minimum Administrative charges payable per month per establishment is
a) Rs 600
b) Rs 5
c) Rs 500
d) Rs 50
Answer: C

44. Pay roll features are activated in

a) Accounting features
b) Inventory features
c) Configuration
d) None of these
Answer: A

45. Payroll Autofill is used by

a) Ctrl + A
b) Alt + A
c) Alt + Ctrl + A
d) Shift + Ctrl + A
Answer: B

46 Payroll voucher is invoked by

a) Alt + F4
b) Ctrl + F4
c) Alt + Ctrl + F4
d) None of these
Answer: B

47. Shortcut key of Calculator in Busy

a) F11
b) Alt + F1
c) F10
d) F12
Answer: C

48. Stock transfer option is under

a) Transactions
b) Utilities option
c) Company
d) House keeping
Answer: A
49. Unit Conversion is a type of unit
a) Normal
b) Simple
c) Compound
d) None of these
Answer: C
50. User can define menu rights from__________
a) Security Rights grouping
b) Administration Users
c) Security Control
d) None of these
Answer: B
51. VAT activate from which options
a) Company Creation
b) Configuration
c) Display
d) House keeping
Answer: A

52. VAT adjustment can be done by

a) Vat computation
b) VAT Journal
c) Statutory Payment
d) Journal
Answer: B

53. What is the type of calculation of Overtime pay

a) On Attendance
b) On Flat rate
c) On Production
d) User define
Answer: C
54. Where is PF Contribution by an employer @10%?
a) Below 20 employees
b) Above 20 Employees
c) Below 25 employees
d) below 30 employees
Answer: A

55. Which company developed and marketed Busy Win?

a) Peutronics Pvt. Ltd.
b) Busy Infotech Pvt. Ltd.
c) Eastern Data Ltd.
d) Tata Consultancy Service
Answer: B