Paper 3 has been removed from NET from 2018 (Notification)- now paper 2 and 3 syllabus is included in paper 2. Practice both paper 2 and 3 from past papers.

NTA NET Commerce 6th December 2019 Evening Shift Part 6 Solutions | Answers | Explanations at Doorsteptutor. Com

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Accounting and Finance

Advanced Company Accounts

Purchase of Business

49. Which of the following is not a method for calculating or ascertaining the amount of the purchase consideration?

1. Net payment method

2. Net assets Method

3. Gross receipts Method

4. Share exchange method

Banking and Financial Institutions

Reserve Bank of India

50. Which among the following is not correct statement?

1. The reserve Bank of India worked as Central bank of Burma till April 1947

2. The reserve bank of India worked as Central bank of Pakistan till June 1948

3. The reserve Bank of India worked as Central bank of Bangladesh from January 1972 to December 1975

4. The Reserve Bank of India commenced its operations on April 1, 1935

Income Tax and Corporate Tax Planning

Exempt incomes

Q52. What percentage of income from compensation on disaster is exempted from tax liability?





Business Finance

Capital structure Theories

Q53. Which of the following statements are correct?

I. Dividend pay-out ratio refers to that portion of total earnings which is disturbed among equity shareholders of the company

II. Bird in hand argument is given by Gordon’s model

III. MM model suggest that dividend payment is very relevant for value of the firm

IV. Walter’s Model suggest that dividend payment does not affect the market price of the share

1. I and II

2. I and III

3. II and III

4. III and IV

Banking and Financial Institutions

Non – Banking Financial Companies

Q54. Non – Banking Financial Companies can be classified as:

I. Asset Finance Company (AFC)

II. Investment Company (IC)

III. Loan Company (LC)

IV. Foreign Trade Company (FTC)

Choose the correct answer from the options given below:

1. I, II and III only

2. II, III and IV only

3. I, III and IV only

4. I, II and IV only

Legal Aspect of Business

Indian Contract Act

Q55. Which one of the following is void contract?

1. Unilateral contract

2. A contract which ceases to be enforceable by law

3. Implied contract

4. Express contract

Business Finance

Cost of Capital

Q56. If the risk - free return (Rf) is 6% Beta value is 1.5 and market rate of return (Km) is 10%, the expected rate of return would be





Income Tax and Corporate Financial Planning

International Taxation

Q57. ADEN Rules, 193 is related to which of the following?

1. Tax exemption

2. Residential status

3. Double taxation relief

4. Assessment of corporate entity

Legal Aspects of Business

Companies Act, 2013

Company Formation

Q58. Following are the events which generally happen in the life of a public limited company

I. Public issue of shares (IPO)

II. Firm incorporation

III. Preliminary expenditures

IV. Issue of equity shares to promoters of the company

Choose the correct sequence (chorological order) of the events

1. I, II, III, IV

2. II, III, IV, I

3. III, II, I, IV

4. III, II, IV, I

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