List of top Questions asked in CUET (PG)

Appointment of First Auditor in case of Government Company shall be made by CAG within:

Assertion (A):
Advertising is paid form of non-personal presentation and promotion of ideas, goods or services by an identified sponsor.
Reason (R):
Any communication about an organisation, its products or policies through the media that is not paid for by the organisation will not be considered as advertising.

The Statutory Central Auditors are required to submit the Long Form Audit Report (LFAR) to the banks latest by:

According to Section 44AB of Income Tax Act, Tax Audit is compulsory for a person carrying on a profession, if his gross receipts in profession for Assessment Year 2025-26 exceeds:

Which of the following year is known as 'year of great divide' with reference to population of India?

Arrange the following steps of consumer buying decision process in correct sequence:
A. Information Search
B. Purchase Decision
C. Evaluation of Alternatives
D. Problem Recognition
E. Post-Purchase Behaviour

Which of the following is incorrect statement for financial auditing?

Arrange the following items in ascending order of the Sections of Income Tax Act related to Deductions from Gross Total Income:
A. Deduction in respect of interest on deposits in savings accounts to maximum extent of ₹10,000
B. Deduction for interest paid on loan taken for pursuing higher education
C. Deduction in respect of royalty income of authors of certain books other than text books
D. Deduction in respect of contribution to Agnipath Scheme
E. Deduction in respect of donations to certain funds and charitable institutions

"A" bought two life insurance policies, one from XYZ company and second from WXY company of a sum of ₹20,00,000 and ₹30,00,000. He met an accident and unfortunately died. The legal representatives of the insured are entitled to get:

A fire was set at 'X' house and left a wall of his neighbour 'Y' in a dangerous state. After a few days, a windstorm came and caused the wall to fall and damage Y's property covered under fire insurance. Choose the correct answer:

Match List - I with List - II:

If an assessee incurs any loss under the head "Income from House Property" and such loss is not fully adjusted under other heads of income in the same assessment year, then the balance loss shall be allowed to be carried forward and set off against "Income from House Property" in subsequent years subject to a limit of:

Arrange the following steps of computation of Income from House Property in Correct order:
A. Deductions under Section 24 of Income Tax Act
B. Computation of Net Annual Value
C. Deduction of Municipal Taxes paid
D. Computation of Gross Annual Value
E. Computation of Expected Rent

A firm of Chartered Accountants which satisfies all conditions of sections 184 and 40(b) for the Assessment Year 2025-26, has paid remuneration to partners amounting to ₹2,75,000. The book profit of the firm is ₹41,050. The firm can claim deduction for remuneration paid to partners of:

The effective rate, $r_e$ equivalent to the nominal rate $r$ converted $m$ times a year is given by:

The revenue function of a firm is given as \[ R=300000+2250x-75x^{2} \] Where $R$ is the revenue and $x$ is the quantity sold. The revenue maximizing level of quantity sold is:

Match List - I with List - II:

Which of the following are the requirements for a successful closing of the sale? A. Positive attitude of the sales person
B. Forward some of the selling points and hit as early as possible
C. Holding the attention of the prospects
D. Handling the questions/objections properly
E. Effective presentation and demonstration

Which of the following are the methods for finding an Initial feasible solution for a Transportation problem? A. Stepping Stone Method
B. Vogel's Approximation Method
C. The North West Corner Rule
D. Lowest Cost Entry Method
E. Modified Distribution (MODI) Method

Assertion (A):
Considering the harmful effects of liquor and tobacco products, the Government of India banned the advertising of these products. As a reaction to this, the manufacturer of these products started seeking other ways to promote these products.
Reason (R):
Manufacturer introduced various other products (surrogates) in the market with the same brand name (like sodas) to remind the target market of their original products.

Which of the following are correct in respect of Quorum required to hold a valid General Meeting of a company? A. For a Public company, minimum 5 members personally present in case number of members is not more than 1000.
B. For a Public Company, minimum 20 members personally present, when number is more than 1,000 but up to 5,000.
C. For a Public Company, minimum 30 members personally present, when number of members is more than 5,000.
D. In case of Private Company, minimum 3 members personally present.
E. One member may constitute a valid Quorum in case Tribunal calls or directs the calling of a general meeting.

Arrange the following steps of communication process as per DAGMAR model in proper sequence:
A. Attitude
B. Action
C. Aware
D. Unaware
E. Comprehension and Image

As per Section 52 of Companies Act 2013, the securities premium account can be utilized for which of the following purpose? A. Issue of partly paid bonus share
B. Writing off preliminary expenses
C. Writing off issue expenses
D. Premium payable on redemption of preference share/debenture
E. Buy-back of its own shares or securities under Section 68

Match List - I with List - II:

While reconciliation of cost and financial accounts for calculating profits as per Financial Accounts from Profits as per Cost Accounts, which of the following purely financial items are deducted? A. Interest on loans or bank mortgages
B. Interest received on bank deposits, loans and investments
C. Expenses and discounts on issue of shares, debentures etc.
D. Loss by fire not covered by insurance
E. Rent Receivables