Sample Questions
 

 

1. Which Indian Act defines a trust
A. Trust Act of India
B. Indian Trusts Act
C. Indian Company Act
D. None of the above

2. What is the usual timeframe to qualify under 80G tax exemption for an NGO
A. 3 weeks
B. 3 months
C. 3 years
D. None of the above

3. What is a day book
A. Ledger
B. Trial Balance
C. Journal
D. None of the above

4. Business ethics deals primarily with.
A. social responsibility
B. the pricing of products and services
C. moral obligation
D. being unfair to the competition

5. ALT+ F4 is an shortcut to
A. Open MS-Word
B. Copy
C. Close windows
D. Paste

 

Answers:      1 (B), 2 (C), 3 (C), 4 (A), 5 (C)

 

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