Q. In order to review the Income Tax Act, 1961 and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government of India in November 2017 has constituted a Task Force. Who among the following is made the convenor of it ?
1) Shri Arvind Subramanian
2) Shri Arbind Modi
3) Shri Amitabh Kant
4) Dr. Bibek Debroy
Q. As per RBI norms, 'Term Money' means deals in funds for ......... to 1 year.
1) 30 days
2) 15 days
3) 10 days
4) 20 days
Q. The total cost that arises when the quantity produced is increased by one unit is called -
1) Average cost
2) Marginal cost
3) Fixed cost
4) Unit cost
Q. 'Subprime lending' is a term applied to the loans made to -
1) Those borrowers who do not have a good credit history
2) Those borrowers who do not have a good debit history
3) Those borrowers who have a good credit history
4) Those borrowers who are employees
Q. Which of the following is correct IRR of a capital investment project ?
1) It must exceed the cost of capital in order for the firm to accept the investment
2) It requires discount rate to be assumed beforehand
3) It is equal to cost of debt for a project
4) It is equal to annual cash flows divided by the project's cost when the cash flows are an annuity
Q. Provision for Bad Debts is made as per the -
1) Entity concept
2) Going concern concept
3) Cost concept
4) Conservatism concept
Q. What is venture capital ?
1) Financing for new firm's equity capital or loan capital
2) Bank loans used to pay the start
3) Equity funds from internal source
4) Capital raised from issuing equity
Q. With increasing discount rate, the NPV of a project -
1) decreases at a steady rate
2) decreases at a decreasing rate
3) decreases at an increasing rate
4) neither increases nor decreases
Q. If the Asset Turnover and Net Profit Margin of a company are 4.80 and 0.60 respectively. Return on assets (ROA) is -
1) 8.00
2) 1.40
3) 2.10
4) 2.88
Q. Who typically, designs the project, procures all the engineering skills and equipment to construct the project, erects all the project facilities among other works up to finally commissioning ?
1) O & M contractor
2) EPC contractor
3) Project sponsors
4) Project lenders
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