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MH SET 2018: 28 January, Paper III, Commerce

  • Date: 28 January 2018
  • Paper code: JAN50318
  • Series: A
  • Language: Bilingual
  • 40 pages
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Test Booklet Code & Serial No.
                                                                                                                    A
                                                               COMMERCE
Signature and Name of Invigilator                                                                Seat No.
1. (Signature) .........................................                                                  (In figures as in Admit Card)
      (Name) ................................................                    Seat No. ..............................................................
2. (Signature) .........................................                                                   (In words)

      (Name) ................................................                      OMR Sheet No.

JAN - 50318                                                                                         (To be filled by the Candidate)
Time Allowed : 2½ Hours]                                                                            [Maximum Marks : 150
Number of Pages in this Booklet : 40                                                   Number of Questions in this Booklet : 75
                     Instructions for the Candidates
1.        Write your Seat No. and OMR Sheet No. in the space provided            1.
          on the top of this page.
2.        This paper consists of 75 objective type questions. Each question
          will carry two marks. All questions of Paper-III will be compulsory,   2.
          covering entire syllabus (including all electives, without options).
3.        At the commencement of examination, the question booklet
          will be given to the student. In the first 5 minutes, you are
          requested to open the booklet and compulsorily examine it as           3.
          follows :
          (i)      To have access to the Question Booklet, tear off the
                   paper seal on the edge of this cover page. Do not accept
                                                                                         (i)
                   a booklet without sticker-seal or open booklet.
          (ii)     Tally the number of pages and number of questions
                   in the booklet with the information printed on the                    (ii)
                   cover page. Faulty booklets due to missing pages/
                   questions or questions repeated or not in serial
                   o rder or any other discre pancy should not be
                   accepted and correct booklet should be obtained
                   from the invigilator within the period of 5 minutes.
                   Afterwards, neither the Question Booklet will be
                   replaced nor any extra time will be given. The same
                   may please be noted.
          (iii)    After this verification is over, the OMR Sheet Number
                   should be entered on this Test Booklet.                               (iii)
4.        Each question has four alternative responses marked (A), (B),
          (C) and (D). You have to darken the circle as indicated below on
          the correct response against each item.                                4.                       (A), (B), (C)   (D)
          Example : where (C) is the correct response.

                             A        B                 D
                                                                                                    (C)
5.        Your responses to the items are to be indicated in the OMR
          Sheet given inside the Booklet only. If you mark at any place                                   A        B              D
          other than in the circle in the OMR Sheet, it will not be evaluated.
                                                                                 5.
6.        Read instructions given inside carefully.
7.        Rough Work is to be done at the end of this booklet.
8.        If you write your Name, Seat Number, Phone Number or put               6.
          any mark on any part of the OMR Sheet, except for the space            7.
          allotted for the relevant entries, which may disclose your             8.
          identity, or use abusive language or employ any other unfair
          means, you will render yourself liable to disqualification.
9.        You have to return original OMR Sheet to the invigilator at the
          end of the examination compulsorily and must not carry it with         9.
          you outside the Examination Hall. You are, however, allowed
          to carry the Test Booklet and duplicate copy of OMR Sheet on
          conclusion of examination.
10.       Use only Blue/Black Ball point pen.                                    10.
11.       Use of any calculator or log table, etc., is prohibited.               11.
12.       There is no negative marking for incorrect answers.                    12.
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JAN - 50318/III—A




2
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JAN - 50318/III—A
                                    COMMERCE
                                          Paper III


                                                         III
Time Allowed : 2½ Hours]                                            [Maximum Marks : 150
Note : This paper contains Seventy Five (75) multiple choice questions. Each
         question carrying Two (2) marks. Attempt All questions.
                                     (75)                                               (2)


1.   A   medium        enterprise    is    an       1.
     enterprise where investment limit in
     plant and machinery is ..............

     (A) ` 7.5 crores                                     (A) ` 7.5

     (B) ` 5 crores                                       (B) ` 5

     (C) ` 10 crores                                      (C) ` 10

     (D) ` 20 crores                                      (D) ` 20

2.   The scope of MRTP Act, since 1992              2.    1992
     has been confined only to the
     regulation of :

     (A) Consumer monopolies                              (A)

     (B) Restrictive and unfair trade                     (B)

          practices

     (C) Restrictive Trade Practices                      (C)

     (D) Monopolistic Trade Practices                     (D)

                                                3                                   [P.T.O.
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3.   Which one of the following cannot          3.   24    1991
     be considered as one of the salient
     features      of   major    changes
     announced in industrial policy on 24
     July, 1991 ?

     (A) Delicensing      with   certain
                                                     (A)
         exception

     (B) Liberalisation     of   Foreign
         Investment and technological                (B)
         participation

     (C) Effective promotion of small
         industries widely dispersed in              (C)

         rural areas and small towns

     (D) Scraping of MRTP regulation
                                                     (D)
         pertaining to concentration of
         economic power

4.   Which one of the following is not          4.
     a technique of environmental
     analysis ?
                                                     (A)
     (A) Verbal or written information

     (B) Spying                                      (B)

     (C) Networking                                  (C)
     (D) Forecasting      and     formal
                                                     (D)
         studies

                                            4
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5.   Which of the following factors should       5.

     not be considered in a make or buy

     decision ?

     (A) Potential use of manufacturing

          capacity                                    (A)


     (B) Variable cost of production                  (B)

     (C) Potential rental income from
                                                      (C)
          space occupied by production

          area

                                                      (D)
     (D) Uncharged fixed cost

6.   A budget that gives a summary of            6.

     all the functional budgets and a

     projected profit and loss account is

     known as ..........
                                                      (A)
     (A) Master Budget
                                                      (B)
     (B) Capital Budget

                                                      (C)
     (C) Flexible Budget

     (D) Fixed Budget                                 (D)


                                             5                         [P.T.O.
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7.   Which of the following is not a             7.

     responsibility centre ?
                                                      (A)

     (A) Expense centre

                                                      (B)
     (B) Profit centre

                                                      (C)
     (C) Investment centre


                                                      (D)
     (D) Control centre


8.   Which of the following methods of           8.


     depreciation is recognised for income


     tax purposes ?
                                                      (A)
     (A) Straight line method

                                                      (B)
     (B) Annuity method


     (C) Written down value method                    (C)



     (D) Revaluation method                           (D)


                                             6
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9.   If the cross elasticity of demand for       9.

     two goods is negative, then they


     are :
                                                       (A)
     (A) Complements

                                                       (B)
     (B) Substitutes

                                                       (C)
     (C) Luxuries


     (D) Consumer goods                                (D)


10. Other factors remaining unchanged,           10.

     if the income of the buyer increases,


     his budget/price line will :
                                                       (A)
     (A) Shift backwards to the left

                                                       (B)
     (B) Remains unchanged


     (C) Shifts upwards to the right                   (C)



     (D) Becomes vertical                              (D)

                                             7                          [P.T.O.
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11. Which of the following formulas can       11.

    be used to calculate Marginal


    Utility (MU) ?

                                                    (A) TU/N
    (A) TU/N

                                                    (B) TU – AU
    (B) TU – AU


                                                    (C) AU × N
    (C) AU × N


    (D) TUn – TUn–1                                 (D) TUn – TUn–1


12. When the marginal cost (MC) of a          12.


    firm is rising, it will :
                                                    (A)

    (A) pull the average cost (AC) up
                                                    (B)

    (B) push the AC down
                                                    (C)

    (C) split the AC
                                                    (D)

    (D) leave the AC unaffected


                                          8
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13. To test whether the two population             13.


    means are equal we use ........... test.


    (A) t                                                (A) t


    (B) F                                                (B) F


    (C) Chi square                                       (C)           (Chi-square)


    (D) Kolmogorov-Smirnov                               (D)


14. Sampling distribution of a statistic           14.

    will be approximately normal when
                                                         (Statistic)

    the sample size is ............
                                                         (A)
    (A) Small

                                                         (B)
    (B) Large

                                                         (C)
    (C) Sufficiently large


    (D) Optimum                                          (D)


                                               9                                      [P.T.O.
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17. ................... is not a component of        17.


     planning.


     (A) Policy                                            (A)


     (B) Programme                                         (B)


     (C) Delegation of authority                           (C)


     (D) Tactic                                            (D)


18. ............. is a step in the process of        18.


     controlling.


     (A) Decentralisation of Authority                     (A)


     (B) Setting standard
                                                           (B)


     (C) Determining span of control
                                                           (C)


     (D) Developing feedback control
                                                           (D)

                                                11                          [P.T.O.
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19. ............ is not a part of the               19.


     organisational structure.



     (A) Committee                                        (A)



     (B) Matrix organisation                              (B)



     (C) Informal organisation                            (C)



     (D) Centralisation of authority                      (D)


20. ............ is a part of the process of        20.


     communication.



     (A) Strategy formulation                             (A)



     (B) Policy formulation                               (B)



     (C) Decoding                                         (C)



     (D) Situation identification                         (D)

                                               12
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21. Selling concept focuses on the needs         21.

    of sellers, while marketing concept

    focuses on the needs of .............


    (A) Dealers                                        (A)


    (B) Suppliers                                      (B)


    (C) Buyers                                         (C)


    (D) Distributors                                   (D)


22. A mass communication programme               22.


    about a product or an organisation,

    for which no payment is made, is

    called as ...........


    (A) Publicity                                      (A)


    (B) Advertising                                    (B)

    (C) Salesmanship                                   (C)

    (D) Sales Promotional Schemes
                                                       (D)

                                            13                          [P.T.O.
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23. Niche marketing refers to marketing                23.

    of products and services to a .............

    group of buyers.
                                                             (A)
    (A) Large

                                                             (B)
    (B) Small

                                                             (C)
    (C) Substantial


    (D) Diversified                                          (D)


24. Initially charging the high price and              24.

    then gradually reducing the same

    after some time period, is called

    as .............

                                                             (A)
    (A) Skimming Pricing Policy

                                                             (B)
    (B) Penetration Pricing Policy


    (C) Uniform Pricing Policy                               (C)


    (D) Unique Pricing Policy                                (D)


                                                  14
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25. From the following details of project        25.

    A, calculate pay back period.


    Cost of project ` 80,000, estimated                                    ` 80,000,

    scrap value ` 10,000, estimated cash                       ` 10,000,

    inflow (savings) :


                         `                                                   `


    1 year            16,000                              1                16,000


    2 year            24,000                              2                24,000


    3 year            24,000                              3                24,000


    4 year            24,000                              4                24,000


    5 year            12,000                              5                12,000


    (A) 3 years, 8 months                              (A) 3     8


    (B) 3 years, 3 months                              (B) 3     3


    (C) 5 years, 8 months                              (C) 5     8


    (D) 5 years, 3 months                              (D) 5     3


                                            15                                         [P.T.O.
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26. From the following information,           26.

    calculate operating leverage :

    Sales ` 2,00,000, contribution
                                                          ` 2,00,000,       ` 1,00,000,
    ` 1,00,000; Fixed cost ` 50,000,
                                                                ` 50,000,
    Earnings before interest and tax
                                                             (EBIT) : ` 50,000.
    (EBIT) : ` 50,000.
                                                    (A) 2
    (A) 2

                                                    (B) 1
    (B) 1

    (C) 0.50                                        (C) 0.50


    (D) 0.25                                        (D) 0.25

27. Which one of the following is not         27.

    used to estimate cost of equity

    capital ?

    (A) External yield criterion                    (A)

    (B) Dividend plus growth model                  (B)

    (C) Equity capitalization approach              (C)

    (D) Capital Asset Pricing Model                 (D)

        (CAPM)

                                         16
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28. The debt policy of a firm is                       28.

    significantly influenced by the ...........

    (A) Cost concept                                         (A)

    (B) Cost consideration                                   (B)

    (C) Cost capital                                         (C)

    (D) Cost control                                         (D)

29. Working conditions are a part of :                 29.

    (A) Job environment                                      (A)

    (B) Job enlargement                                      (B)

    (C) Job evaluation                                       (C)

    (D) Job enrichment                                       (D)

30. Provisions relating to health and                  30.
    safety in industrial organisations are

    there in the ...............
                                                             (A)
    (A) Industrial Disputes Act

                                                             (B)
    (B) Workmen’s Compensation Act

    (C) Factories Act                                        (C)


    (D) ESI Act                                              (D)

                                                  17                          [P.T.O.
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31. Sound Human Resource Manage-              31.


    ment requires understanding of
                                                          (n/PWR),             (n/AFF)
    n /PWR,      n /AFF   and   n /ACH
                                                                     (n/ACH)
    developed by :


    (A) Skinner                                     (A)

    (B) McClelland                                  (B)


    (C) Adams                                       (C)

                                                    (D)
    (D) Vroom


32. Which of the following is usually         32.


    not an approach to on-the-job

    training ?
                                                    (A)
    (A) Coaching

                                                    (B)
    (B) Job rotation


    (C) Planned progression                         (C)


    (D) Sensitivity training                        (D)

                                         18
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33. By mobilizing savings and lending        33.


    them as credit, banks act as :


    (A) Capital Market                             (A)


    (B) Financial Intermediaries                   (B)


    (C) Forex Dealer                               (C)


    (D) Lender of last resort                      (D)


34. Which among the following is             34.

    incorrect ?
                                                   (A)

    (A) RBI is the Bank of Issue


    (B) RBI acts as Banker to the
                                                   (B)
        Government

                                                   (C)
    (C) RBI is Banker’s Bank


    (D) RBI is lender to the large                 (D)


        industrial corporations


                                        19                          [P.T.O.
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35. Basel II accord is mostly concerned        35.

    with :

    (A) Central Vigilance Commission                 (A)

    (B) Non-performing Assets                        (B)

    (C) Capital Adequacy Ratio                       (C)

    (D) Foreign Direct Investment                    (D)

36. Banking Ombudsman means :
                                               36.

    (A) A person appointed to recover
                                                     (A)
        dues

    (B) A person to whom customer can                (B)

        approach for redressal of his

        grievances

                                                     (C)
    (C) A person appointed to settle

        disputes between employees and

        management
                                                     (D)
    (D) A person appointed by RBI to

        oversee the functioning of

        foreign banks

                                          20
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37. Which of the following has the              37.


    highest percentage share in Indian


    imports ?                                         (A)


    (A) Petrol                                        (B)


    (B) Gas                                           (C)


    (C) Diesel                                        (D)                 (Petrol, oil and


    (D) POL (Petrol, oil and lubricants)                    lubricants)



38. Special Drawing Rights are :                38.                         (SDRs)



    (A) International Reserve Assets
                                                      (A)

    (B) Indian Regulatory Authority
                                                      (B)

    (C) International Regional Assets                 (C)


    (D) Component of FDI                              (D)


                                           21                                        [P.T.O.
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39. World Bank can grant loans to its         39.

    member country upto :                           (A)
                                                                10
    (A) 10% of its share in paid up

        capital of World Bank                       (B)
                                                                20
    (B) 20% of its share in paid up

        capital of World Bank
                                                    (C)

    (C) 30% of its share in paid up                             30

        capital of World Bank
                                                    (D)
    (D) 40% of its share in paid up                             40

        capital of World Bank

40. Balance of trade takes into               40.                    (BOT)

    account :

    (A) Only export and import of

        services                                    (A)

    (B) Export and import of goods and
                                                    (B)
        services

    (C) Export and import of capital
                                                    (C)

    (D) Export and import of only

        merchandise goods                           (D)


                                         22
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41. The marketing manager of a product           41.

    line is the example of .............

    (A) Cost Centre                                    (A)

    (B) Revenue Centre                                 (B)

    (C) Investment Centre                              (C)

    (D) Profit Centre                                  (D)

42. Accounting Standard-16 is related            42.         16

    with ............

    (A) Segment reporting                              (A)

    (B) Amalgamation                                   (B)

    (C) Borrowing cost                                 (C)

    (D) Depreciation accounting                        (D)

43. Which of the following risk area is          43.

    not considered before venture capital

    financing ?

    (A) Product risk                                   (A)

    (B) Market risk                                    (B)

    (C) Dividend risk                                  (C)

    (D) Technological risk                             (D)

                                            23                               [P.T.O.
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44. Cartel is a type of ...............              44.



     (A) Vertical combinations                             (A)



     (B) Allied combinations                               (B)



     (C) Horizontal combinations                           (C)



     (D) Mixed combinations                                (D)



45. When a right to purchase securities              45.


     is acquired, it is known as ............



     (A) Call option                                       (A)



     (B) Put option                                        (B)



     (C) Double option                                     (C)



     (D) Option                                            (D)

                                                24
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46. Foreign equity includes ........               46.


     (A) ADR’s (American Depository


         Receipts)                                       (A)


     (B) Bonds                                           (B)



     (C) Commercial Papers                               (C)



     (D) Gold bonds                                      (D)


47. The first mutual fund scheme in                47.


     India was introduced by ..............


     (A) Reserve Bank of India (RBI)                     (A)



     (B) State Bank of India (SBI)                       (B)



     (C) Unit Trust of India (UTI)                       (C)


     (D) Government of India                             (D)


                                              25                          [P.T.O.
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48. Market segmentation is a process of                  48.
     taking the total heterogenous

     market for a product and dividing

     it into several segments each of

     which tends to be ............. in all

     significance.
                                                               (A)

     (A) Different
                                                               (B)
     (B) Special
                                                               (C)
     (C) Homogeneous

                                                               (D)
     (D) Indigeneous

49. In sellers’ market situation, ...............        49.

     dominate the decisions and activities

     in the market.

     (A) Manufacturers and dealers
                                                               (A)
     (B) Consumers
                                                               (B)
     (C) Competitors
                                                               (C)
     (D) Banks           and       Insurance

           Companies                                           (D)


                                                    26
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50. Which of the following is not
                                               50.

    included in the micro-environmental

    factors ?


    (A) Customers                                    (A)


    (B) Dealers                                      (B)

    (C) Competitors
                                                     (C)
    (D) Other departments in the

                                                     (D)
        company


51. Out of the following which is not          51.

    included as a personal factor

    influencing consumers’ buying

    behaviour ?
                                                     (A)
    (A) Occupation

                                                     (B)
    (B) Lifestyle

                                                     (C)
    (C) Age


    (D) Social group                                 (D)


                                          27                          [P.T.O.
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52. Green products are those products           52.

    which ..................
                                                      (A)
    (A) are packed only in green

          coloured paper

    (B) include raw materials in green                (B)

          colour only

    (C) try to protect the environment
                                                      (C)
    (D) are the products harmful to
                                                      (D)
          environment

53. Day to day buying of fruits and             53.

    vegetables by the consumers

    indicates an example of ............

    buying behaviour.
                                                      (A)
    (A) Variety seeking

    (B) Complex decision-making                       (B)


    (C) Special                                       (C)

    (D) Brand Loyal
                                                      (D)

                                           28
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54. For the distribution of toilet soaps               54.

    .................. distribution strategy is

    preferred.
                                                             (A)
    (A) Intensive
                                                             (B)
    (B) Selective

                                                             (C)
    (C) Exclusive

                                                             (D)
    (D) Inclusive


55. Which of the following is not the                  55.


    method of workers’ participation in


    management ?
                                                             (A)

    (A) Co-partnership
                                                             (B)

    (B) Profit-sharing

                                                             (C)
    (C) Member on Board of Directors

                                                             (D)
    (D) Bonus Scheme


                                                  29                          [P.T.O.
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56. Under whose plan workers who                      56.

     produce alone standards receive

     higher wages than those who

     produce below standards ?


     (A) Fayol
                                                            (A)

     (B) Taylor
                                                            (B)

     (C) Follet                                             (C)

     (D) Halsey-Rowan                                       (D)


57. ............... is constructed/designed to        57.

     discover interests, existing skills and

     potential for acquiring skills.


     (A) Intelligence Test                                  (A)


     (B) Proficiency Aptitude Test                          (B)


     (C) Vocational Test                                    (C)


     (D) Personality Test                                   (D)


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58. Which one of the following is not           58.


    non-financial incentive ?



    (A) Giving additional responsibility              (A)



    (B) Creating a sense of achievement               (B)



    (C) Granting recognition                          (C)



    (D) Declaring bonus                               (D)



59. The blocking of goal-attainment is          59.


    referred to as :



    (A) Perception                                    (A)



    (B) Goal congruence                               (B)



    (C) Frustration                                   (C)



    (D) Dissonance                                    (D)


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60. Instead of searching for the perfect              60.
    or    ideal    decision,          managers
    frequently settle for one that will
    adequately serve their purpose. In
    Simon’s terms, they :
                                                            (A)
    (A) Optimise

    (B) Maximise                                            (B)

    (C) Satisfice                                           (C)

    (D) Actualise                                           (D)

61. The following are the basic human                 61.
    needs mentioned by Maslow :

    (i)   Physiological needs                               (i)

    (ii) Esteem needs                                       (ii)
    (iii) Security needs                                    (iii)
    (iv) Self-actualisation needs
                                                            (iv)                 (Self-actualisation)
    (v) Affiliation needs
                                                            (v)
    The ascending order of these as done
    by Maslow would be :
                                                            (A) (i), (ii), (iii), (v), (iv)
    (A) (i), (ii), (iii), (v), (iv)
                                                            (B) (i), (iii), (v), (ii), (iv)
    (B) (i), (iii), (v), (ii), (iv)
                                                            (C) (i), (v), (ii), (iv), (iii)
    (C) (i), (v), (ii), (iv), (iii)
                                                            (D) (i), (iii), (iv), (v), (ii)
    (D) (i), (iii), (iv), (v), (ii)

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62. In Indian context TRIPS will have           62.


    its greatest impact on :


    (A) Automobile
                                                      (A)

    (B) Banking and insurance
                                                      (B)

    (C) Pharmaceuticals                               (C)


    (D) Aviation                                      (D)


63. Which of the following is not agreed        63.


    upon by members of WTO ?


    (A) Observance of minimum labour


         standard
                                                      (A)

    (B) Protection    of   Intellectual
                                                      (B)
         Property Rights

                                                      (C)
    (C) Dispute Settlement Mechanism


    (D) Agricultural Subsidies                        (D)

                                           33                          [P.T.O.
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64. Which     of   the   following   was         64.

    established to help and finance

    world’s less developed countries ?

    (A) IMF                                            (A)

    (B) IBRD                                           (B)

    (C) IDA                                            (C)

    (D) RBI                                            (D)

65. Which of the following is not a major        65.
    trading partner of India ?

    (A) UAE                                            (A)

    (B) China                                          (B)

    (C) Germany                                        (C)

    (D) Finland                                        (D)

66. Global depository receitps are issued        66.         (GDRs)
    by :

    (A) America                                        (A)

    (B) Depository Country                             (B)

    (C) Depository Bank                                (C)

    (D) Investors                                      (D)

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67. Removal of restrictions on payments
                                                67.

    relating to import and exports of


    goods, services and factor income is


    called as :                                       (A)


    (A) Trade Liberalism
                                                      (B)

    (B) Free Trade
                                                      (C)
    (C) Current Account Convertibility

                                                      (D)
    (D) Trade Promotion


68. SAFTA is related to :                       68.



    (A) UN                                            (A)


    (B) EU                                            (B)


    (C) SAARC                                         (C)


    (D) ASEAN                                         (D)


                                           35                          [P.T.O.
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69. Under Income Tax Act 1961 a status
                                                69.

    of foreign University having campus
                                                            1961
    in India is ............

                                                      (A)
    (A) Company

                                                      (B)
    (B) Association of Person


    (C) Artificial Judicial Person                    (C)



    (D) Trust                                         (D)


70. Which of the following allowances is
                                                70.

    fully exempted under the Income


    Tax Act, 1961 ?
                                                      (A)
    (A) Travelling allowance

                                                      (B)
    (B) Conveyance allowance

                                                      (C)
    (C) Hostel allowance


    (D) Uniform allowance                             (D)

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71. Maximum deduction u/s 24 of                71.

    Income Tax Act 1961 in respect of
                                                                                   1961

    interest on borrowed capital for
                                                            24
    repairs of the house property is

    restricted to ..............
                                                     (A) ` 30,000
    (A) ` 30,000 p.a.

                                                     (B) ` 1,50,000
    (B) ` 1,50,000 p.a.

                                                     (C) ` 2,00,000
    (C) ` 2,00,000 p.a.


    (D) ` 50,000 p.a.                                (D) ` 50,000


72. Long-term capital gain taxable in          72.

    the hands of an individual assessee

    at the rate of ...............
                                                     (A) 20%
    (A) 20%

                                                     (B) 15%
    (B) 15%


    (C) 25%                                          (C) 25%


    (D) Relevant slab rates                          (D)

                                          37                                     [P.T.O.
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73. Due date of filing return of income
                                                      73.
    by a non-corporate assessee having
    tax audit is ..............

    (A) 30th June of the relevant
           Assessment Year
                                                            (A)                       30
    (B) 31st July of the relevant
           Assessment Year
                                                            (B)                       31
    (C) 30th Sept. of the relevant
           Assessment Year                                  (C)                   30

    (D) 31st Oct. of the relevant
                                                            (D)                  31
           Assessment Year
                                                      74.
74. Suppression of Income is an example
    of .............

    (A) Tax Planning                                        (A)

    (B) Tax Avoidance                                       (B)

    (C) Tax Exemption                                       (C)

    (D) Tax Deduction                                       (D)

75. Rate of tax deducted at source for                75.
    interest on fixed deposits exceeding                              ` 10,000
    ` 10,000 for the              assessee not
    providing Permanent Account
    Number is .............

    (A) 10%                                                 (A) 10%

    (B) 20%                                                 (B) 20%
    (C) 30%                                                 (C) 30%
    (D) relevant slab rate of tax
                                                            (D)

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ROUGH WORK




    39                  [P.T.O.
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ROUGH WORK




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Source: Savitribai Phule Pune University. Question paper published by Savitribai Phule Pune University.