ISRO Accounts Officer 2007

Instructions

For the following questions answer them individually

Question 71

Which of the following best describes the primary objective of an independent financial audit?

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Question 72

“An auditor is a watchdog and not a bloodhound.” This was observed in

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Question 73

When prices show a rising trend, which one of the following methods of inventory valuation will result in lower income and lower valuation of inventory?

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Question 74

Which of the following sections of the Companies Act 1956 deals with the maintenance of proper books of account ?

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Question 75

Who among the following is the bread butter scientist of economics?

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Question 76

A consumer is in equilibrium when he spends his income according to the

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Question 77

The employer should obtain Tax deduction Account Number(TAN) from ITO[TDS] as per Section :

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Question 78

A valid Contract should contain the following essentials :

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Question 79

A cheque dated Oct. 12, 2006, is presented for payment on Oct. 27, 2006. It is however observed that the cheque book from which the cheque was issued, was issued to the customer on Oct. 22, 2006 only. What would the bank do with the cheque?

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Question 80

Banks do not disclose the affairs of the customer’s account and maintain secrecy in terms of which of the following:

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