Legal Aspects of Finance SCDL Solved Paper - 55

This solved paper of SCDL Legal Aspects of Finance of SCDL Pune has been contributed by XYZ

Multiple Choice Multiple Answer
Question	How can you compute available surplus under section 5?
Answer	Gross profit less deductions , Direct tax calculated in accordance to provisions of section 7 in respect to amount equal to gross profits of the employer for immediately preceding accounting year
True/False
Question	Every company has to appoint an auditor to audit the accounts of the company and has to fix remuneration to be paid to the auditor.
Answer	TRUE
Multiple Choice Single Answer
Question	FEMA Norms are compatible with :-
Answer	FERA
Select The Blank
Question	The definition of ECB in India is partly in alignment with ________ Act.
Answer	FERA
Select The Blank
Question	Articles of Association are rules for ________.
Answer	Internal management
Multiple Choice Multiple Answer
Question	Section 24 provides bar to entertain suits by the court for recovery of wages in so far as the sum claimed falls within which of the following categories :-
Answer	For which any application claim has already been presented , Direction of claim already given' , Amount adjudged is not due to penalty
Multiple Choice Single Answer
Question	What is the minimum salary under which the persons are covered in this act?
Answer	Less than Rs 1600
Select The Blank
Question	________ of the company has a right to take inspection of the books of account.
Answer	Any Director
True/False
Question	The minimum wages act came in force on 15 march 1968
Answer	FALSE
Select The Blank
Question	The recommendations of audit committee relating to financial management shall be ________.
Answer	Binding
Multiple Choice Multiple Answer
Question	Who are governed by the payment of wages act?
Answer	Employed persons , Salary less than 1600 per month

 

Note: Please tally the answers and verify them from SCDL textbooks as all answers might not be correct.