I. For which of the going with Share Premium Account may be applied?

(A) issue of totally paid additional proposals to the people from the association

(B) writing off starter expenses of the association

(C) writing off the expenses of the commission paid or markdown allowed on any issue of offers or debentures of the association

(D) All of the previously mentioned

II. Which of coming up next isn't a wellspring of Bonus issue of Shares?

(A) Free Reserves

(B) Securities Premium Account

(C) Capital Redemption Reserve Account

(D) Asset Revaluation Reserves

III. The term current asset doesn't cover

(A) Car

(B) Debtors

(C) Stock

(D) Prepaid costs

IV. Premium on recovery of redeemable tendency offers can be paid out of?

(A) Capital Redemption Reserve account

(B) Existing shares premium record

(C) Proceed of new issue of offers

(D) All of the previously mentioned

V. When offers are appropriated, they will be credited to which account?

(A) Share Capital Account

(B) Share Allotment Account

(C) Share Application Account

(D) Share First and Final Call Account

VI. While preparing Cash Flow Statement of XY Ltd., a cash association, premium got on propels should be showed up as

(A) Cash Flow from Operating Activities

(B) Cash Flow from Investing Activities

(C) Cash Flow from Financing Activities

(D) Cash and Cash Equivalent

VII. As per Schedule III Current Maturities of Long Term Borrowings should be showed up under

(A) Current Assets in Balance Sheet

(B) Non-current Liability in Balance Sheet

(C) Current Liabilities in Balance Sheet

(D) Other Expenses in Statement of Profit and Loss

VIII. Which of coming up next is definitely not a norm for picking a reportable?

(A) 10% or a more noteworthy measure of absolute pay of all segment

(B) 10% or a more prominent measure of total assets of all section

(C) 10% or a more prominent measure of complete liabilities of all section

(D) 10% or a more prominent measure of total advantage or loss of all part (higher of the two)

IX. Which of coming up next is certainly not an obligatory spending outline of a General Insurance Company as indicated by IRDA rules?

(A) Revenue Account

(B) Profit and Loss Account

(C) Balance Sheet

(D) Cash Flow Statement

X. A Banking Company needs to move in any event its advantage to hold save.

(A) 10%

(B) 15%

(C) 20%

(D) 25%

XI. Which of coming up next is a rule of insurance?

(A) Principle of reimbursement

(B) Insurable interest

(C) Principle of uberrimae fidei

(D) All of the previously mentioned