The minimum subscription in a public issue should be at least: MCQ with Answer and Explanation

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The minimum subscription in a public issue should be at least:

A. 100%

B. 50% of issued capital

C. 75% of issued capital

D. 90% of issued capital

Answer: Option D

Solution (By JKSSB Mock Tests)

As per SEBI, minimum subscription is 90% of the issue size for public offers.

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

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Question #1

A 'Letter of Credit' is a:

A. Bank guarantee for payment

B. Credit note

C. Voucher

D. Debit note

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Correct Answer: Option A

Explanation:
Letter of credit is a bank's commitment to pay the seller on behalf of buyer, reducing risk.

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

Question #2

TDS on rent under Section 194I is deducted at:

A. 5% for all

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D. 1%

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Correct Answer: Option C

Explanation:
Section 194I: rent for plant/machinery 2%, for land/building/furniture 10%.

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

Question #3

The 'Discount Rate' for measuring defined benefit obligation under Ind AS 19 is determined by reference to:

A. Fixed rate

B. Market yields on government bonds at the reporting date

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Correct Answer: Option B

Explanation:
The discount rate reflects the time value of money; usually based on high-quality corporate bonds or government bonds.

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

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