A few general questions to start with
1.) Which countries other than India follow the financial year of April to March
2.) When was the First Accounting Standard approved.
3.) When was ICAI first established.
4.) Service tax was imposed on which services first .
5.) Which year was Service Tax Imposed.
6.) Estate Duty Tax was abolished in India in which year
7.) Why the Indirect Tax is termed Regressive Taxing Mechanism
8.)In banking Parlance , increasing trend in burden bearing ratio would indicate
9.) Who is considered pioneer of Credit Rating
10.)Capital Adequacy Ratio of 17.7 by a large bank would indicate
11.) In contract account, the percentage of completion method is an exception to
12.) During finalisation, bad debt recovered account willbe transferred to
13.) SEC is acronym for
14. ) Balance Sheet is also called
15.) Deffered credit will appear in the balance sheet under
15.) Who Introduced Theory of Constraint and in which year
16.) What are the three types of Performance Measure in Zero Based Budgeting
17.) Which Theory is called the 80-20 rule
18.) IFRS 5 refers to which standared
19.) How long can a Financial Year Be
20.) Who is authorised to sign the Board Reports
21.) What is the time limit for filing annual report with Registrar
22.) Full form of MODVAT
23.) What % of cenvat credit is available in the first year of receipt
24.) What is gift tax limit for Financial Year 2013-2014
25.) What is the duty free allowance on jewellery for a Indian Lady passenger residing abroad.
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