951.The cost auditor has to judge, whether the planned expenditure is designed to give-
A.Good results
B.Appropriate results
C.Targeted results
D.Optimum results

952.The cost auditor has to judge ,whether the size and channels of expenditure were designed to produce the-
A.Good results
B.Better results
C.Best results
D.optimum and targeted results

953.The cost auditor has to judge, whether the return from expenditure on capital as well as current operations coluld be improved by-
A.New methods and techniques
B.Scientific plans and a actions
C.Innovative skills
D.Some other alternative plan of action

954.Cost audit is useful for the purpose of ——– and proper utilization of scarce resources-
A.Incresing profit
B.Reducing cost
C.Cost control and cost reduction
D.Optimum utilization

955. The objective of tax audit is to assist the —— in making the correct income tax assessment of the assessee concerned
A.Government
B.Commissioner of income tax
C.CBDT
D.Income tax authorities

956.The tax auditor has to specifically report on certain transactions which have an effect on the ——— of the assessee concerned and are,thus important to the tax authorities.
A.Income
B.Profits
C.Income tax liability
D.All of the above

957.Therre are certain features of co-operative which are similar to those of-
A.Sole proprietorships
B.Partnership
C.Companies
D.All of the above

958.As in the case of companies , in co-operative socitiesalso,there is a ——–of ownership from management
A.Integration
B.Seperation
C.Coordination
D.None of the above

959.———of trusts assures the creators of trust and /or those for whose benefit the trust is created.(i.e.benificiaries)the financial statements of the trust are reliable.
A.Independent accounting
B.Independent financial audit
C.Independent appraisal
D.Independent internal audit

960.In many cases, it is specifically provided in the relevant law and/or in the trust deed that the ——–shall get the financial statements of the trust audited.
A.Owners
B.Management
C.Members
D.Trustees

NOTE
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