Q.1

ETCS means

  • Electronic Tax Collected at Source
  • Electric Tax Collected at Source
  • Enable Tax Collected at Source
  • Electrical Tax Collected at Source
Q.2

'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?

  • Nil Accounting Variation
  • New Asset Venture
  • Net Accounting Venture
  • Net Asset Value
Q.3

What determines the value of an item?

  • the capital required to build the factory
  • the unlimited wants of the consumers
  • the resources consumed in production
  • the amount of goods that are produced
Q.4

The largest component of National Income in India is ____ ?

  • Service Sector
  • Industrial Sector
  • Agriculture Sector
  • Trade Sector
Q.5

When an account becomes uncollectible and must be written off

  • Accounts Receivable should be credited
  • Sales Revenue should be debited
  • Allowance for Doubtful Accounts should be credited
  • Bad Debt Expense should be credited
Q.6

Which one of the following is not a 'Money Market Instrument'?

  • Commercial Paper
  • Equity Shares
  • Certificate of Deposit
  • Treasury Bills
Q.7

Which of the following is not economic investment?

  • the piling up of inventories on a grocer's shelf
  • the purchase of a drill press by the Ajax Manufacturing Company
  • construction of a suburban housing project
  • the purchase of 100 shares of AT&T by a retired business executive
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