Question 1

Solvency ratio is usually __________ in the case of young couples as compared to senior citizens

Options :

A : Lower

B : Higher

C : Equal

D : There is no comparison

Answer: A

Question 2

__________ records net change in ownership of foreign assets

Options :

A : Capital Account

B : Current Account

C : Official Reserve Account

D : Balance of Payments

Answer: A

Question 3

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?

Options :

A : Rs. 3,50,000

B : Rs. 2,40,000

C : Rs. 5,60,000

D : Rs. 1,53,146

Answer: D

Question 4

Consider the following information:Which of the following statements is/are true?

Options :

A : Only II

B : Only III

C : Only II

D : None of the above

Answer: C

Question 5

International Development Association is an agency of _____

Options :

A : IMF

B : World Bank Group

C : United Nations

D : None of the above

Answer: B

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