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Thursday, March 31, 2016

Legal Aspects of Finance SCDL Solved Paper - 52

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

 Multiple Choice Single Answer
  Question  
In each board meeting director is paid by remuneration, which is known as :-
  Correct Answer  
Sitting fees
 Multiple Choice Single Answer
  Question  
Maximum fine which can be levied for default in placing accounts before AGM is :-
  Correct Answer  
Rs. 50,000
 Multiple Choice Multiple Answer
  Question  
The auditor shall inquire :-
  Correct Answer  
Whether transactions of the company which are represented merely by book entries are not prejudicial to the interest of the company or members , Whether loans & advances made by the company have been shown as deposits , Whether personal expenses have been charged to revenue account
 True/False
  Question  
Meeting of the board of Directors shall be held at least 4 times in a year.
  Correct Answer  
TRUE
 Multiple Choice Multiple Answer
  Question  
Company can take loan from :-
  Correct Answer  
Banks , Financial Institutions , Debenture Holders
 Select The Blank
  Question  
It is advisable to close the financial year on ________.
  Correct Answer  
31st March
 Multiple Choice Single Answer
  Question  
Deductions are authorized under which section?
  Correct Answer  
Section 7(2)
 Select The Blank
  Question  
The minimum wages act came in force in the year________.
  Correct Answer  
1948
 True/False
  Question  
Articles of Association is not required to be stamped if Memorandum is adequately stamped.
  Correct Answer  
FALSE
 Multiple Choice Single Answer
  Question  
A director of a company can be removed by :-
  Correct Answer  
Ordinary resolution
 True/False
  Question  
There can be an Ordinary Resolution for Special business.
  Correct Answer  
TRUE
 Multiple Choice Single Answer
  Question  
The earlier "Fast Track" investments route has been replaced by?
  Correct Answer  
Automatic
 Multiple Choice Single Answer
  Question  
The notice of the meeting be sent to all the directors at their :-
  Correct Answer  
Usual residential address
 


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

Wednesday, March 30, 2016

SCDL Assignment Financial Management - 75

This solved paper of Financial Management of SCDL Pune has been contributed by XYZ
 
Thanks: XYZ
 
Select The Blank
Question
The most accepted interpretation of the term 'funds' is in the form of ________
Answer 
Working capital
Multiple Choice Multiple Answer
Question
The assumptions for the theories of capital structure are
Answer 
Firm use only long term debt capital or equity share capital to raise funds , Firm follow policy of paying 100% of its earnings by way of dividend , Operating earnings are not expected to grow
Multiple Choice Single Answer
Question
The Investment decisions are mainly concerned with
Answer 
Application of funds
True/False
Question
The assumptions of capital structure theories is that Corporate Income Tax does not exist
Answer 
TRUE
Multiple Choice Single Answer
Question
The function of the Bankers to the issue is to
Answer 
collect the application money on behalf of the company
Multiple Choice Single Answer
Question
Equity Warrants are
Answer 
where the holders are entitled to purchase the equity shares at a specific price during the specified period
True/False
Question
Accounts Receivable is an example of current assets
Answer 
TRUE
Select The Blank
Question
In financial terms, the operating profit earned by the company is also referred to as ________
Answer
 Profit before Interest and Taxes
True/False
Question
If the customer fails to pay the amount due from him the legal action should be initiated against the customer after the limitation period is over
Answer 
FALSE
Match The Following
Question
Answer 
Disadvantage of Accounting rate of return
uses profits after depreciation and taxes and not the cash inflows for evaluating the projects


Disadvantage of Pay back period
 ignores time value of money


Advantage of Discounted Pay back period
considers time value of money


Advantage of Net present value
considers cash inflows from the project throughout its life
Multiple Choice Single Answer
Question
Financing consists of the raising, providing, managing of all the money, capital or funds of any kind to be used in connection with the business' is defined by
Answer 
Bonneville and Dewey
Multiple Choice Single Answer
Question
The Capital Structure decision mainly refers to the decision of
Answer 
Financing
True/False
Question
Banks or financial institutions granting the term loans are the creditors of the company
Answer
 True
Multiple Choice Single Answer
Question
A systematic record of the events of the business leading to a presentation of a complete financial picture is known as
Answer 
Accounting
Multiple Choice Multiple Answer
Question
Proprietory ratio can be calculated as
Answer
 Total Assets / Owners Funds , Fixed Assets / Owners Funds , Current Assets / Owners Funds
Multiple Choice Multiple Answer
Question
Limitations of credit rating are
Answer 
Credit rating is based upon the evaluation made by the agencies which may vary depending upon the experience, knowledge and individual opinion of the rators which may be biased in some cases , Credit rating is primarily based upon the past performance whereas the future prospects should be given more importance while deciding the credit rating , Multiplicity of the rating agencies can be considered to be the limitation of the credit rating
Multiple Choice Multiple Answer
Question
External sources of cash are as follows :
Answer
 Issue of new shares , long term loans , short term borrowings
True/False
Question
If Average credit period works out to be more than the Normal credit period, it indicates efficiency on the part of collection department of the company in collecting the dues from the customers
Answer
 False
Select The Blank
Question
As per the II method suggested by the Tandon committee, the borrower should finance ________ of current assets out of long term funds and the banks provide the remaining finance
Answer
0.25
True/False
Question
Internal rate of return is difficult to use , calculate and understand
Answer
 True
True/False
Question
As per the SEBI guidelines revaluation reserve can be used for issue of bonus share
Answer 
FALSE
Match The Following
Question
Answer 
Advantages of Ratio Analysis
It helps in planning and forecasting


Limitation of Ratio Analysis
Facts only those which can be expressed in financial terms are considered -


Precautions before using ratio analysis technique
 Impact of the inflationary conditions of changing price levels to be taken in account


Classification of ratios
Profitability ratio
Select The Blank
Question
The following data are extracted from the published accounts of a company : Sales Rs. 38,00,000/-, Net Profit after tax Rs. 2,50,000/-, Equity capital Rs. 10,00,000/-,General Reserve Rs. 6,50,000/-, Rs. Long term debt Rs. 7,00,000/-, Creditors Rs. 6,90,000/-, Bank credit/short term loan Rs. 2,30,000/-, Fixed Assets Rs. 17,50,000/-, Inventories Rs. 7,25,000/-, Other Current assets Rs. 5,25,000/-. The Fixed assets turnover ratio is ________ .
Answer
2.17
Multiple Choice Single Answer
Question
Own capital of the company includes
Answer 
Shares
Multiple Choice Multiple Answer
Question
The advantages of stable Dividend policy are
Answer 
Credit standing of the company in the market increases , Share price of the company increases , Enjoys Confidence of the shareholders
Multiple Choice Single Answer
Question
The company can raise the funds in the form of Public deposits which can be used
Answer 
For any purpose
Multiple Choice Single Answer
Question
Collection cost in connection with accounts receivables involves
Answer 
Administrative cost
Select The Blank
Question
The most crucial financial decisions of the organisation are taken by ________
Answer
 Board of Directors
Select The Blank
Question
The economical use of the asset is permitted by the lessor on the payment of periodical amount which is in the form of ________.
Answer
 Lease rent
Multiple Choice Single Answer
Question
The traditional approach to financial management refers only to the procurement of funds by
Answer 
Corporate entity
Multiple Choice Multiple Answer
Question
Under the Business Analysis of the company done by Credit rating and Information Services of India Ltd. the following points are covered
Answer
 Existing as well as potential competitors in the industry , Market position of the company
 
 
 
Note: Please tally the answers and verify them from SCDL textbooks as all answers might not be correct.
 

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