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

Question

Share Report Error

The 'Interim Dividend' is declared by:

A. Shareholders

B. Auditors

C. Board of Directors

D. Government

Answer: Option C

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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Question #1

In recent years, which technology has significantly impacted accounting?

A. All of these

B. Artificial intelligence

C. Cloud computing

D. Blockchain

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Correct Answer: Option A

Explanation:
All these technologies (cloud, AI, blockchain) are transforming accounting by automating tasks, improving accuracy, and enabling real-time reporting.

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

Question #2

The 'Employee Benefits' (Ind AS 19) includes:

A. Only pension

B. Short-term benefits, post-employment benefits, other long-term benefits, termination benefits

C. Only gratuity

D. Only wages

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Correct Answer: Option B

Explanation:
Ind AS 19 covers various types of employee benefits.

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

Question #3

The 'Insolvency and Bankruptcy Code' (IBC) 2016 provides:

A. Time-bound resolution of insolvency and bankruptcy

B. For winding up of companies only

C. Audit procedures

D. Tax collection

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Correct Answer: Option A

Explanation:
IBC aims at resolution in a time-bound manner, maximising asset value.

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

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