Question 1

Mr. Sahil has two daughter and is in receipt of education allowance of Rs 200 per month for each of them. What would be the taxable allowance in the hands of Mr. Sahil for the full FY.

Options :

A : NIL

B : Rs 1,200

C : Rs 2,400

D : Rs 4,800

Answer: C

Question 2

What is the full form of EITC?

Options :

A : Earned Income Tax Credit

B : Earned Income Taxable Credit

C : Either of a or b

D : None of the above

Answer: A

Question 3

As per the Ancient Hindu Law, there are ____________ Vedas. Scholars have determined that ___________ is the oldest of the Vedas.

Options :

A : Four, Atharva Veda

B : Four, Rig Veda

C : Three, Atharva Veda

D : Three, Rig Veda

Answer: B

Question 4

Which one of the above statement(s) is/are correct?

Options :

A : (i) only

B : (ii) only

C : Both are correct

D : Both are incorrect

Answer: B

Question 5

Which of the following statement(s) about Minute Book is/are correct?

Options :

A : Both (i) and (ii)

B : Neither (i) nor (ii)

C : Only (i)

D : Only (ii)

Answer: D