Commerce important question for MP Samvida Shala Shikshak Bharti 2018

Samvida Shala Shikshak Commmerce study material. Pandole Study are providing free online study for Commerce teacher vacancy 2018. Many time asked question in Accountant examination.

Commerce important question for MP Samvida Shala Shikshak Bharti 2018

A company has annual fixed cost of Rs.1,50,000. In the year 2016-17, sales amounted to Rs. 6,00,000 as compared with Rs. 50,00,000 in the preceding year 2017-18. The profit in the year 2017-18 is Rs.1,00,000 more than that in 2016-17. What is the break-even level of sales of the company?

Rs. 15,00,000

Under Section 87A of Income Tax Act, 1961, an individual who is resident in India and whose total income does not exceed Rs. 3,50,000 is entitled to claim rebate up to a maximum of ………….?

2500

Under Section 80TTA of Income Tax Act, 1961, the maximum amount an individual can claim for interest income is………….?

Rs. 10,000

If fixed cost is Rs. 5 per unit, variable cost is Rs. 2 per unit and the selling price is of Rs. 10, then the value of contribution is………….?

Rs. 8

The opening stock of goods is Rs. 50,000, closing stock of goods is Rs. 1,75,000 and the goods purchased during the year are Rs. 2,00,000. The cost of goods sold is:

75,000

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Under Section 54EE of Income Tax Act, 1961, the deduction from capital gain on investment in units of specified fund shall be maximum of:

50,00,000

Which of the following state government’s IT-based services and their electronic delivery is termed as ‘FRIENDS’?

Kerala

Which Article of the Constitution makes a provision for the office of the Comptroller and Auditor – General of India? 148

Which among the following is NOT a committee having the financial and legislative control on administration in Madhya Pradesh?

Privileges Committee

What is the name of the account from which unforeseen expenditure of the Madhya Pradesh Government is met?

Contingency Account

Which of the following scrutinizes in detail the report of the Comptroller and Auditor – General before submitting it to the Lok Sabha?

Public Accounts Committee

Which of the following is the nodal agency for promoting gender budgeting across sectors and at different levels of governance?

Ministry of Women and Child Development