The 'Interim Dividend' is declared by: MCQ with Answer and Explanation

Question

Share Report Error

The 'Interim Dividend' is declared by:

A. Government

B. Board of Directors

C. Auditors

D. Shareholders

Answer: Option B

Solution (By JKSSB Mock Tests)

Interim dividend can be declared by the Board of Directors between annual general meetings.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Practice More Accountancy and Book Keeping Questions

Question #1

The 'Companies Act, 2013' mandates CSR spending for companies with:

A. All companies

B. Net worth ≥ ₹500 crore, or turnover ≥ ₹1,000 crore, or net profit ≥ ₹5 crore

C. Only listed companies

D. No mandate

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Correct Answer: Option B

Explanation:
Section 135 specifies the criteria for mandatory CSR.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

The 'Economic Survey' is presented:

A. On the same day

B. A month before

C. A day before the budget

D. After the budget

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Correct Answer: Option C

Explanation:
Economic Survey is tabled typically a day before the Union Budget.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

Working Capital Management specifically deals with:

A. Dividend payouts

B. Fixed assets and long-term debt

C. Current assets and current liabilities

D. Issuing new equity shares

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Correct Answer: Option C

Explanation:
It involves managing the relationship between a firm's short-term assets and its short-term liabilities to ensure adequate liquidity.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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