1041. For calculating market value using P/E ratios, It is necessary to know :

A. The rate of dividend
B. Average profits
C. Market price of the share
D. Earnings per share and market price of the share *

1042. The relationship between normal rate of return and P/E raio is :

A. Inverse *
B. Direct
C. Irregular
D. none of these

1043. For a company to carry out capital reduction , permission is requiredd from the :

A. Controller of capital issues
B. Competent court *
C. Company law board
D. Board of Directors

1044. Any balance in the capital reduction account after writing off lost capital is transferred to :

A. Capital reserve *
B. General reserve
C. Debenture redemption reserve
D. Capital redemption reserve

1045. In a scheme of reorganization the amount of shares surrendered by shareholders is transferred to the :

A. Shares surrendered account
B. Capital reduction account *
C. General reserve account
D. Capital redemption reserve account

1046. Amounts sacrificed by shareholders are credited to the :

A. Capital reserve account
B. General reserve account
C. Capital reduction account *
D. Capital redemption reserve account

1047. At the commencement of winding up , a contribution is a :

A. Creditor
B. Debtor
C. Shareholder *
D. Debenture holder

1048. The shareholding of the government in a government company must be at least :

A. 33%
B. 50%
C. 51% *
D. 100% *

1049. Which one of the following is an example of indirect tax ?

A. Corporation tax
B. Wealth tax
C. Income tax
D. Sales tax *

1050. The incidence of tax refers to :

A. The effect produced by the tax
B. The rate of taxation
C. One who bears the ultimate money burden of the tax *
D. One who is immediately responsible to pay the tax