Cochin Shipyard Executive Trainee Finance Question Paper 2019
| 1 | Amount of standard deduction for salaried tax payer under Income Tax Act for AY 20-21.
(a) 40000 (b) 50000 (c) 25000 (d) 20000 |
| 2 | The total managerial remuneration to the directors and the managers in respect of any financial year must not exceed ____ percent of the net profit.
(a) 1 (b) 3 (c) 10 (d) 11 |
| 3 | Who is included in list of key Managerial Persons as per Section 203 of CA 2013?
(a) Company Secretary (b) Finance Manager (c) Finance Officer (d) None of the options |
| 4 | When can an entity recognize a dividend from a subsidiary in profit or loss in its separate financial statements as per Ind AS 27 ?
(a) When its right to receive the dividend is established (b) When dividend is received (c) At the end of the financial year (d) None of the options |
| 5 | Which GST exemption option is correct among the following?
(a) For letting out any immovable property (b) For letting out any residential dwelling for use as residence (c) For letting out any residential property irrespective of its use (d) None of the options |
| 6 | The value of the supply of goods and services shall be the
(a) Transaction value (b) MRP (c) Market Value (d) None of the options |
| 7 | ‘P’ Ltd. has its registered office under the Companies Act, 2013 in the State of Maharashtra. It also has a corporate office in the State of Telangana. What will be the place of business of ‘P’ Ltd. under the CGST Act, 2017?
(a) Telangana (b) Maharashtra (c) Both Telangana and Maharashtra (d) None of the options |
| 8 | Which standard on Internal Audit (SIA) refers to Internal Audit Documentation
(a) Standards on Internal Audit (SIA) 210 (b) Standards on Internal Audit (SIA) 220 (c) Standards on Internal Audit (SIA) 320 (d) Standards on Internal Audit (SIA) 330 |
| 9 | Expand LODR
(a) Listing Obligations and Designated Requirements (b) Listing Obligations and Disclosure Requirements (c) Listing Obligations and Disclosure Reports (d) None of the options |
| 10 | Rebate under section 87 A is available to a resident individual if his total income doesn’t exceed INR
(a) 250000 (b) 350000 (c) 200000 (d) 500000 |
Answers –
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| b | d | a | a | b | a | c | d | b | D |
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