The 'Atal Pension Yojana' (APY) is focused on: MCQ with Answer and Explanation

Question
The 'Atal Pension Yojana' (APY) is focused on:
A. Corporate employees
B. Only government employees
C. Unorganised sector workers, providing guaranteed pension
D. High-income group
Answer: Option C
Solution (By JKSSB Mock Tests)
APY provides a defined pension for subscribers in the unorganised sector.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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Question #1
The 'Due Date' for filing income tax return for an individual not subject to audit is generally:
A. 31st March
B. 30th September
C. 31st July of assessment year
D. 31st December
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Correct Answer: Option C

Explanation:
For non-audit cases, the due date is 31st July of the assessment year.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The term 'Cloud Accounting' refers to:
A. Accounting for cloud computing expenses
B. Manual accounting on paper
C. Using accounting software hosted on remote servers accessed via internet
D. Accounting for weather-related losses
Discuss
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Correct Answer: Option C

Explanation:
Cloud accounting uses online software, enabling real-time access and collaboration.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The 'Traditional Approach' classifies accounts into:
A. Assets, liabilities, equity
B. Income, expenses, assets
C. Real, personal, nominal
D. Current and non-current
Discuss
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Correct Answer: Option C

Explanation:
Under traditional British approach, accounts are classified as personal, real, and nominal.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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