The 'Kisan Credit Card' (KCC) is a scheme for: MCQ with Answer and Explanation

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The 'Kisan Credit Card' (KCC) is a scheme for:

A. Providing timely credit to farmers for agricultural needs

B. Housing loan

C. Urban credit

D. Education loan

Answer: Option A

Solution (By JKSSB Mock Tests)

KCC provides short-term credit to farmers.

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

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Practice More Accountancy and Book Keeping Questions

Question #1

Which of the following is NOT an Intangible Asset?

A. Franchise rights

B. Prepaid Rent

C. Goodwill

D. Patents

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Correct Answer: Option B

Explanation:
Prepaid rent is a current asset representing a right to services, but it is not classified as an intangible fixed asset under AS-26.

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

Question #2

Which voucher is used for recording cash sales?

A. Credit voucher

B. Journal voucher

C. Cash voucher

D. Debit voucher

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Correct Answer: Option C

Explanation:
Cash sales involve receipt of cash, so a cash voucher (receipt voucher) is prepared.

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

Question #3

The 'Finance Bill' is presented in Parliament along with:

A. Monetary policy

B. Railway budget

C. Economic Survey

D. Annual Financial Statement (Budget)

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Correct Answer: Option D

Explanation:
Finance Bill is presented to give effect to tax proposals of the budget.

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

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