Free Access AAFM.GLO_CWM_LVL_1.v2021-10-25.q359 Practice Test (Page 35)

Question 166

As per presumptive income scheme under section 44AE, the presumed income shall be:

A.Rs. 3,000 p.m. per goods carriage

B.Rs. 3,500 p.m. per heavy goods vehicle Rs. 3,150 p.m. for medium goods vehicle and Rs. 2,000 p.m. per light commercial vehicle.

C.Rs. 3,500 p.m. per heavy goods vehicle and Rs. 3,150 p.m. per vehicle other than heavy goods vehicle

D.None of These

Question 167

Rapid accumulation stage suggests that the net worth is ________

A.3 times of annual income

B.2 times of annual income

C.4 times of annual income

D.1 times of annual income

Question 168

Deflation is__________

A.A phenomenon which has a number of negative aspects.

B.A Boon

C.Good for developing economics

D.Good for developed countries

Question 169

Spread is defined as ___________________.

A.None of the above

B.Difference in price between two futures contracts on different commodity for two different maturity dates

C.Difference in price between two futures contracts on different commodity for two same maturity dates

D.Difference in price between two futures contracts on the same commodity for two different maturity dates

Question 170

Manmeet a 29 years old person has joined Met Life on 1/07/2011. His monthly salary (net salary) after deduction is Rs. 45000/. His monthly expenses details are as follows:

Assume Manmeet has taken his flat on rent from 01/07/ 2011. On 01/07/2011 he has cash in hand Rs.15000.
What will be his cash in hand on 31/03/2012?

A.Rs. 185000/-

B.RS. 195000/-

C.Rs. 205000/

D.Rs. None of the above

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Question 166

Question 167

Question 168

Question 169

Question 170

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