Free Access AAFM.GLO_CWM_LVL_1.v2022-03-02.q349 Practice Test (Page 17)

Question 76

Depreciation expenses would be classified as:

A.No cash flow impact

B.Financing cash flow

C.Investing cash flow

D.Operating cash flow

Question 77

Which of the following is true of Reverse Repo rate?

A.Lower than repo rate

B.Determined by free market forces

C.Part of funding cost for commercial banks

D.benchmark for long term rates

Question 78

What would be the taxable value added in Dr. Vijay Mohan's income for Gratuity receipt of Rs. 8,00,000 at the time of retirement. He is covered under the Payment of Gratuity Act 1972. He retired after 28 years of service with monthly salary of Rs. 40000 p.m. Assume Income Tax provisions pertaining to AY 2011-12 would be applicable at the time of retirement?

A.Rs. 3,50,000

B.Rs. 1,53,146

C.Rs. 5,60,000

D.Rs. 2,40,000

Question 79

Income which accrue or arise outside India from a business controlled from India is taxable in case of:

A.Resident only

B.Non resident

C.Not ordinarily resident only

D.Both ordinarily resident and not ordinarily resident

Question 80

From the data given below, calculate the premium of a policy of Rs. 5 lac, for all the mentioned age groups?

A.751.70, 754.35, 740.90, 734.50

B.734.50, 740.90, 754.35, 754.35

C.734.50, 754.35, 751.70, 740.90

D.None of the above

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Question 76

Question 77

Question 78

Question 79

Question 80

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