Optimal Practice with Key CA Inter MTP Questions

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(1) When there is a conflict between two or more statutes or two or more parts of a statute then which rule is applicable

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(2) The auditor of a Government Company shall be appointed or re-appointed by

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(3) Compute the amount of ITC to be reversed for September. Ignore interest liability, if any.

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(4) Balance in electronic credit ledger can be utilized against payment of.

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(5) The persons with responsibility for overseeing the strategic direction of the entity and obligations related to the accountability of the entity are

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(6) Which of the following is not an element of the audit report following SA 700?

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(7) Who ensures that the right materials are available at the right place, at the right time, of the right quality, and at the right cost?

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(8) ABC Fashion provides early access and exclusive designs to its exclusive clientele, emphasizing personalized experiences. Which marketing type does this exemplify?

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Answer Key 1. Ans. c 2. Ans. b 3. Ans. c 4. Ans. a 5. Ans. b 6. Ans. c 7. Ans. c 8. Ans. d

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Optimal Practice with Key CA Inter MTP Questions

(1) When there is a conflict between two or more statutes or two or more parts of a statute then which rule is applicable

(a) Welfare construction (b) Strict construction (c) Harmonious construction (d) Mischief Rule Checkout Last Page for Answer

Select Your Answer:

(2) The auditor of a Government Company shall be appointed or re-appointed by

(a) The Central Government (b) Comptroller and Auditor General of India (CAG) (c) Central Government on the advice of Comptroller and Auditor General of India (d) Chairman of the Board of Directors Checkout Last Page for Answer

Select Your Answer:

(3) Compute the amount of ITC to be reversed for September. Ignore interest liability, if any.

(a) Nil (b) 28,000 (c) 15,000 (d) 13,000 Checkout Last Page for Answer

Select Your Answer:

(4) Balance in electronic credit ledger can be utilized against payment of.

(a) output tax (b) interest (c) penalty (d) late fees Checkout Last Page for Answer

Select Your Answer:

(5) The persons with responsibility for overseeing the strategic direction of the entity and obligations related to the accountability of the entity are

(a) management (b) those charged with governance (c) audit committee (d) board of directors Checkout Last Page for Answer

Select Your Answer:

(6) Which of the following is not an element of the audit report following SA 700?

(a) Title (b) Addressee (c) Audit Strategy (d) Auditor’s opinion Checkout Last Page for Answer

Select Your Answer:

(7) Who ensures that the right materials are available at the right place, at the right time, of the right quality, and at the right cost?

(a) Marketing management (b) R & D management (c) Supply chain management (d) Logistics management Checkout Last Page for Answer

Select Your Answer:

(8) ABC Fashion provides early access and exclusive designs to its exclusive clientele, emphasizing personalized experiences. Which marketing type does this exemplify?

Select Your Answer:

(a) Augmented marketing (b) Service marketing (c) Person marketing (d) Relationship marketing Checkout Last Page for Answer

Answer Key 1. Ans. c 2. Ans. b 3. Ans. c 4. Ans. a 5. Ans. b 6. Ans. c 7. Ans. c 8. Ans. d

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