Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2006 M.B.A Financial Management FINANCE

c. Provision
d. All of the above

32. All dividends must be paid within _______ days of its declaration.
a. 37
b. 42
c. 48
d. 52

33. MODVAT was introduced by incorporating Rules 57A to 57J in the Central Excise Rules. _____
a. 1932
b. 1944
c. 1952
d. None of the above

34. MODVAT was introduced in the year
a. 1980
b. 1989
c. 1992
d. None of the above

35. Which of the subsequent is distribution of profits to shareholders?
a. Amortization
b. Effective Capital
c. Dividend
d. Provisions

36. Capital needed to maintain routine operations is called
a. Fixed Capital
b. Working Capital
c. Fixed assets
d. All of the above






37. Short term obligations which have to be a met within the next twelve months is called
a. Current Assets
b. Working capital
c. Secured loans
d. Current liabilities

38. _______ denotes the loss in value on an asset due to wear and tear.
a. Provision of taxation
b. Dividend
c. Depreciation
d. None of the above

39. Managerial remuneration is payable to managerial personnel within the overall ceiling prescribed in part ________ of the Companies Act, 1956.
a. 191
b. 195
c. 198
d. 211

40. The Income Tax Act ________
a. 1958
b. 1968
c. 1972
d. 1961


PART – B
41. Expand MAT
a. replaced Annual Tax
b. Minimum option Tax
c. Maximum Annual Tax
d. Maximum option Tax

42. An Annual Report comprises
a. Director’s Report
b. Auditor’s Report
c. Annual Account
d. All of the above

43. Loans found against hypothecation of an asset is called
a. Unsecured Loan
b. Capital
c. Secured Loan
d. All of the above

44. 1. The schedules to the Balance Sheet and Profit & Loss A/c contain as much details as possible.
2. Finance charges include lease rentals, bank commission, bank charges. Etc.
a. 1-True; 2-False
b. 1-False; 2-False
c. 1-True; 2-True
d. 1-False; 2-True

Earning:   Approval pending.