X is employed in a private company at a salary of Rs. 70,000 per month and Rs. 10,000 per month as dearness pay. He received Rs. 2,000 per month as house rent allowance. He paid Rs. 2,500 per month as house rent. What is the exempted portion of house rent allowance ?
Surcharge is payable by an individual where the total income exceeds
Which one of the following statements is not correct ?
Answer: Surcharge is additional tax calculated on total income.
From which Five Year Plan “Growth with Social Justice” has received emphasis ?
Which of the following is not the objective of the Competition Act, 2002 ?
Answer: Prohibition of Restrictive Trade Practices.
Consolidated financial statements are prepared on the principle
Answer: In form and substance the companies are one entity.
Which one of the following statements is true about standard labour time ?
Answer: Standard labour time indicates the time in hours needed for a specific process.
Under the yield method of valuation of equity share capital, if for an equity share of ` 50, the normal rate of return is 10% and expected rate of return is 5%, then the value of an equity share will be
The Kinked demand curve model of oligopoly was developed by
For the success of the penetration price policy, which one of the following is not desirable ?
Answer: Product to have very low cross-elasticity of demand.
Which one of the following is a false statement ?
Answer: Coefficient of correlation is independent of origin but not of scale.
If the two regression coefficients are 0.8 and 0.2, then the value of coefficient of correlation is
Process of arranging data into a new order is called
Answer: Manipulation of data
Developed by the Special Projects Office of the U.S. Navy; this technique was first formally applied to the planning and control of the Polaris Weapon System in 1958 and worked well in expediting the completion of that programme. The technique is known as
The marketing task which finds ways to alter the time pattern of demand through flexible pricing, promotion and other incentives is called