Gilbert Corporation had a gross income of $500,000 in tax year 1,$150,000 in salaries, $30,000 in wages, $20,000 in interest, and $60,000 in depreciation expenses for an asset purchased 3 years ago. Ajax Corporation has a gross income of $500,000 in tax year 1, and $150,000 in salaries, $90,000 in wages, and $20,000 in interest expenses. Apply the current tax rates and determine which of the following statements is correct.

gilbert corporation will have a larger taxable income than ajax corporation in year 1.

both corporations will pay the same amount of income taxes in year 1.

both corporations will have the same amount of net cash ﬂows in year 1.

ajax corporation will have a larger net cash ﬂow than gilbert in year 1.

gilbert corporation will have a larger taxable income than ajax corporation in year 1.

is responsible to conduct the Certiﬁcation exam for the role ofOperator/Supervisor

testing and certiﬁcationagency

is responsible to conduct the Certiﬁcation exam for the role of Operator/Supervisor

testing and certiﬁcation agency

728 + Mcqs in Information Systems And Engineering Economics in Computer Science Engineering (CSE) Page 3 McqOptions

101.	Group of assets falling within a class of assets comprising of tangible & intangible assets is known as :
A.	group of assets
B.	block of assets
C.	set of assets
D.	none of these
Answer» C. set of assets

Discussion

102.	Group of assets falling within a class of assetscomprising of tangible & intangible assets isknown as :
A.	a. group of assets
B.	b. block of assets
C.	c. set of assets
D.	d. none of these
Answer» C. c. set of assets

Discussion

103.	For an industrial undertaking ful lling the conditions, additional depreciation in respect of a machinery costing Rs.10 lakh acquired and installed on October 3, 2005 is
A.	rs.75,000
B.	rs.1,50,000
C.	rs.1,00,000
D.	none of the above
Answer» D. none of the above

Discussion

104.	If the Plant & Machinery is used for less than 180 days in the year of its acquisition, then, at what rate the depreciation on that asset should be provided under section 32?
A.	7.5%
B.	15%
C.	20
D.	10%
Answer» B. 15%

Discussion

105.	If the machinery is purchased on 4th October, 2018 then at what rate depreciation will be provided on it?
A.	60%
B.	7.5%
C.	15%
D.	10%
Answer» C. 15%

Discussion

106.	Rate of depreciation chargeable on temporary wooden structure for the assessment year 2019- 20 is - A. 40% B. 10% C. 100% D. 50%.
A.	40%
B.	10%
C.	100%
D.	50%
Answer» B. 10%

Discussion

107.	_______Rate of depreciation chargeable on fully temporary wooden structure for the assessment year 2019-20 is
A.	5%
B.	10%
C.	100%
D.	40%
Answer» E.

Discussion

108.	Rate of depreciation chargeable on temporary wooden structure for the assessment year 2019- 20 is
A.	40%
B.	10%
C.	100%
D.	50%
Answer» B. 10%

Discussion

109.	Your rm has purchased an injection molding machine at a cost of $100,000. The machine s useful life is estimated at 8 years. Your accounting department has estimated the capital cost for this machine at about $25,455 per year. If your rm s MARR is 20%, how much salvage value do you think the accounting department assumed at the end of 8 years?
A.	12000
B.	9000
C.	10000
D.	11000
Answer» D. 11000

Discussion

110.	Rate of depreciation chargeable on fully temporary wooden structure for the assessment year 2019-20 is
A.	5%
B.	10%
C.	100%
D.	40%
Answer» E.

Discussion

111.	For an industrial undertaking ful lling the conditions, additional depreciation in respect of machinery costing Rs.10 lakh acquired and installed on October 3, 2005 is
A.	rs.75,000
B.	rs.1,50,000
C.	rs.1,00,000
D.	none of the above
Answer» D. none of the above

Discussion

112.	De nable groups of people who have an economic and/or social interest in the organisation are called
A.	stakeholders
B.	employees
C.	managers
D.	all of the above
Answer» B. employees

Discussion

113.	A fund accumulated by periodic deposits and reserved exclusively for a speci c purpose, such as retirement of a debt
A.	sinking fund
B.	principal
C.	interest
Answer» B. principal

Discussion

114.	A plan for receipts or disbursements (An) that yields a particular cash ow pattern over a speci ed length of time is called monthly equal payment
A.	true
B.	false
Answer» B. false

Discussion

115.	DS acquired a building for Rs. ` 15 lakh in June, 2016 in addition to cost of land beneath the building of ` 3 lakh. It was used for personal purposes until he commenced business in June, 2018 and since then it was used for business purposes. The amount of depreciation eligible in his case for the assessment year 2019-20 would be -
A.	rs.1,50,000
B.	rs.75,000
C.	rs.37,500
D.	rs.1,21,500
Answer» D. rs.1,21,500

Discussion

116.	A new business was set up on15-11-2008 and it commenced its business from 1-12-2008. The first previous year in this case shall be:
A.	15-11-2008 to 31-3-2009
B.	1-12-2008 to 31-3-2009
C.	2008-2009
D.	none of the above
Answer» B. 1-12-2008 to 31-3-2009

Discussion

117.	As per section 30, which expenditure incurred for a building used for the business or profession shall not be allowed as deduction?
A.	rent, rates and taxes
B.	insurance of building
C.	repairs of building
D.	capital expenditure
Answer» E.

Discussion

118.	The current gasoline price is $4.15, and it is projected to increase next year by 5%, and 8% the following year, and -3% the third year. What is the average in ation rate for the projected gasoline price for the next 3 years?
A.	3.23%
B.	3.33%
C.	5.33%
D.	3.00%
Answer» B. 3.33%

Discussion

119.	The average starting salary for engineers for 2008 is $53,000. What is the equivalent salary in terms of purchasing power of 2000? Assume that the general in ation rate over the last 8 years is known to be 4%.
A.	34980
B.	38727
C.	72534
D.	40276
Answer» D. 40276

Discussion

120.	The term used to describe those people whose jobs involve sponsoring and funding the project to develop, operate, and maintain the information system is
A.	information worker
B.	internal system user
C.	systems owner
D.	external system user
Answer» D. external system user

Discussion

121.	A fund created by making periodic deposits (usually equal) at compound interest in order to accumulate a given sum at a given future time for some speci c purpose is sinking fund
A.	true
B.	false
Answer» B. false

Discussion

122.	Economic equivalence refers to the fact that a cash ow-whether a single payment or a series of payments-can be converted to an equivalent cash ow at any point in time.
A.	true
B.	false
Answer» B. false

Discussion

123.	Which of the following contact numbers can a resident call for resolutions to their concerns or grievances related to Aadhaar ?
A.	1947
B.	2009
C.	140
D.	108
Answer» B. 2009

Discussion

124.	Which of the following enables us to send the same letter to different persons in MS Word?
A.	(1) mail join
B.	(2) mail copy
C.	(3) mail insert
D.	(4) mail merge
Answer» E.

Discussion

125.	The process of copying les to a CD-ROM is known as
A.	(1) burning
B.	(2) zipping
C.	(3) digitizing
D.	(4) ripping
Answer» B. (2) zipping

Discussion

126.	Find the capitalized equivalent worth for the project cash ow series at an interest rate of 10%.
A.	ce(10%) = $1,753
B.	ce(10%) = $1,548
C.	ce(10%) = $1,500
D.	ce(10%) = $1,476
Answer» C. ce(10%) = $1,500

Discussion

127.	is a document to convey the Aadhaar number to a resident.
A.	aadhaar letter
B.	cidr
C.	uid
D.	aadhaar number
Answer» B. cidr

Discussion

128.	CPI does not take into the account the price of raw material, nished product and operating cost
A.	true
B.	false
Answer» B. false

Discussion

129.	CPI does not take into the account the price of raw material, ﬁnishedproduct and operating cost
A.	true
B.	false
Answer» B. false

Discussion

130.	If a university sets up a web-based information system that facultycould access to record student grades and to advise students, that would be an example of a/an
A.	crm
B.	intranet
C.	erp
D.	extranet
Answer» C. erp

Discussion

131.	A plan for receipts or disbursements (An) that yields a particular cash ﬂow pattern over a speciﬁed length of time is called monthly equalpayment
A.	true
B.	false
Answer» B. false

Discussion

132.	engineering economic decision refers to all investment decisionsrelating to engineering projects.
A.	true
B.	false
Answer» B. false

Discussion

133.	Resident is an individual who has resided in India for a period or periods amounting in all to ___ days or more in the twelve months immediately preceding the date of application for Aadhaar Enrolment/Update.
A.	32
B.	61
C.	123
D.	182
Answer» E.

Discussion

134.	The Verifier/Certifier is the personnel appointed by ________ for verification of documents at enrolment centres.
A.	operator
B.	introducer
C.	registrars
D.	enrolling agency
Answer» D. enrolling agency

Discussion

135.	47. DS acquired a building for Rs. ` 15 lakh in June, 2016 in addition to cost of land beneath the buildingof ` 3 lakh. It was used for personal purposes until he commenced business in June, 2018 and since thenit was used for business purposes. The amount of depreciation eligible in his case for the assessment year 2019-20 would be -
A.	a. rs.` 1,50,000
B.	b. rs.` 75,000
C.	c. rs.` 37,500
D.	d. rs.` 1,21,500
Answer» D. d. rs.` 1,21,500

Discussion

136.	Gilbert Corporation had a gross income of $500,000 in tax year 1,$150,000 in salaries, $30,000 in wages, $20,000 in interest, and $60,000 in depreciation expenses for an asset purchased 3 years ago. Ajax Corporation has a gross income of $500,000 in tax year 1, and $150,000 in salaries, $90,000 in wages, and $20,000 in interest expenses. Apply the current tax rates and determine which of the following statements is correct.
A.	both corporations will pay the same amount of income taxes in year 1.
B.	both corporations will have the same amount of net cash ﬂows in year 1.
C.	ajax corporation will have a larger net cash ﬂow than gilbert in year 1.
D.	gilbert corporation will have a larger taxable income than ajax corporation in year 1.
Answer» D. gilbert corporation will have a larger taxable income than ajax corporation in year 1.

Discussion

137.	33. _______Rate of depreciation chargeable on fully temporary wooden structure for the assessment year 2019-20 is
A.	a. 5%
B.	b. 10%
C.	c. 100%
D.	d. 40%
Answer» E.

Discussion

138.	Marginal revenue must exceed marginal cost, in order to carry out aproﬁtable increase of operations
A.	true
B.	false
Answer» B. false

Discussion

139.	Which of the following is NOT a component ofenrollment setup?
A.	computer
B.	biometric device
C.	bomb detector
D.	iris scanner
Answer» D. iris scanner

Discussion

140.	is a person registered with the Registrarand Authority who conﬁrms the identity of a person who does not have any valid POI and POA.
A.	operator
B.	introducer
C.	enrolling agency
D.	agency
Answer» C. enrolling agency

Discussion

141.	33. Rate of depreciation chargeable onfully temporary wooden structure for the assessment year 2019-20 is
A.	a. 5%
B.	b. 10%
C.	c. 100%
D.	d. 40%
Answer» E.

Discussion

142.	is responsible to conduct the Certiﬁcation exam for the role ofOperator/Supervisor
A.	introducer
B.	enrolment agency
C.	testing and certiﬁcationagency
D.	registrar
Answer» D. registrar

Discussion

143.	A person leaves India permanently on15-11-2008.The assessment year for income earned till 15-11-2008 in this case shall be:
A.	2007-08
B.	2008-09
C.	2009-10
D.	none of the above
Answer» C. 2009-10

Discussion

144.	is a person registered with the Registrar and Authority who conﬁrms the identity of a person who does not have any valid POI and POA.
A.	operator
B.	introducer
C.	enrolling agency
D.	agency
Answer» C. enrolling agency

Discussion

145.	34. Rate of depreciation chargeable on temporarywooden structure for the assessment year 2019- 20 is - A. 40% B. 10% C. 100% D. 50%.
A.	a. 40%
B.	b. 10%
C.	c. 100%
D.	d.50%
Answer» B. b. 10%

Discussion

146.	Initial amount of money in transactions involving debt or investmentsis called
A.	interest
B.	principal
Answer» C.

Discussion

147.	_______ is a person registered with the Registrar and Authority who confirms the identity of a person who does not have any valid POI and POA.
A.	operator
B.	introducer
C.	enrolling agency
D.	agency
Answer» C. enrolling agency

Discussion

148.	In AE analysis revenues must cover two kinds of costs:– Operatingcosts and Capital recovery costs
A.	true
B.	false
Answer» B. false

Discussion

149.	The document listing all procedure and regulations that generallygovern an organization is the
A.	administrative policymanual
B.	personal policy book
C.	procedures log
D.	organization manual
Answer» E.

Discussion

150.	is responsible to conduct the Certiﬁcation exam for the role of Operator/Supervisor
A.	introducer
B.	enrolment agency
C.	testing and certiﬁcation agency
D.	registrar
Answer» D. registrar

Discussion

Explore topic-wise MCQs in Computer Science Engineering (CSE).

Group of assets falling within a class of assets comprising of tangible & intangible assets is known as :

Group of assets falling within a class of assetscomprising of tangible & intangible assets isknown as :

For an industrial undertaking ful lling the conditions, additional depreciation in respect of a machinery costing Rs.10 lakh acquired and installed on October 3, 2005 is

If the Plant & Machinery is used for less than 180 days in the year of its acquisition, then, at what rate the depreciation on that asset should be provided under section 32?

If the machinery is purchased on 4th October, 2018 then at what rate depreciation will be provided on it?

Rate of depreciation chargeable on temporary wooden structure for the assessment year 2019- 20 is - A. 40% B. 10% C. 100% D. 50%.

_______Rate of depreciation chargeable on fully temporary wooden structure for the assessment year 2019-20 is

Rate of depreciation chargeable on temporary wooden structure for the assessment year 2019- 20 is

Rate of depreciation chargeable on fully temporary wooden structure for the assessment year 2019-20 is

For an industrial undertaking ful lling the conditions, additional depreciation in respect of machinery costing Rs.10 lakh acquired and installed on October 3, 2005 is

De nable groups of people who have an economic and/or social interest in the organisation are called

A fund accumulated by periodic deposits and reserved exclusively for a speci c purpose, such as retirement of a debt

A plan for receipts or disbursements (An) that yields a particular cash ow pattern over a speci ed length of time is called monthly equal payment

A new business was set up on15-11-2008 and it commenced its business from 1-12-2008. The first previous year in this case shall be:

As per section 30, which expenditure incurred for a building used for the business or profession shall not be allowed as deduction?

The current gasoline price is $4.15, and it is projected to increase next year by 5%, and 8% the following year, and -3% the third year. What is the average in ation rate for the projected gasoline price for the next 3 years?

The average starting salary for engineers for 2008 is $53,000. What is the equivalent salary in terms of purchasing power of 2000? Assume that the general in ation rate over the last 8 years is known to be 4%.

The term used to describe those people whose jobs involve sponsoring and funding the project to develop, operate, and maintain the information system is

A fund created by making periodic deposits (usually equal) at compound interest in order to accumulate a given sum at a given future time for some speci c purpose is sinking fund

Economic equivalence refers to the fact that a cash ow-whether a single payment or a series of payments-can be converted to an equivalent cash ow at any point in time.

Which of the following contact numbers can a resident call for resolutions to their concerns or grievances related to Aadhaar ?

Which of the following enables us to send the same letter to different persons in MS Word?

The process of copying les to a CD-ROM is known as

Find the capitalized equivalent worth for the project cash ow series at an interest rate of 10%.

is a document to convey the Aadhaar number to a resident.

CPI does not take into the account the price of raw material, nished product and operating cost

CPI does not take into the account the price of raw material, ﬁnishedproduct and operating cost

If a university sets up a web-based information system that facultycould access to record student grades and to advise students, that would be an example of a/an

A plan for receipts or disbursements (An) that yields a particular cash ﬂow pattern over a speciﬁed length of time is called monthly equalpayment

engineering economic decision refers to all investment decisionsrelating to engineering projects.

Resident is an individual who has resided in India for a period or periods amounting in all to ___ days or more in the twelve months immediately preceding the date of application for Aadhaar Enrolment/Update.

The Verifier/Certifier is the personnel appointed by ________ for verification of documents at enrolment centres.

33. _______Rate of depreciation chargeable on fully temporary wooden structure for the assessment year 2019-20 is

Marginal revenue must exceed marginal cost, in order to carry out aproﬁtable increase of operations

Which of the following is NOT a component ofenrollment setup?

is a person registered with the Registrarand Authority who conﬁrms the identity of a person who does not have any valid POI and POA.

33. Rate of depreciation chargeable onfully temporary wooden structure for the assessment year 2019-20 is

is responsible to conduct the Certiﬁcation exam for the role ofOperator/Supervisor

A person leaves India permanently on15-11-2008.The assessment year for income earned till 15-11-2008 in this case shall be:

is a person registered with the Registrar and Authority who conﬁrms the identity of a person who does not have any valid POI and POA.

34. Rate of depreciation chargeable on temporarywooden structure for the assessment year 2019- 20 is - A. 40% B. 10% C. 100% D. 50%.

Initial amount of money in transactions involving debt or investmentsis called

_______ is a person registered with the Registrar and Authority who confirms the identity of a person who does not have any valid POI and POA.

In AE analysis revenues must cover two kinds of costs:– Operatingcosts and Capital recovery costs

The document listing all procedure and regulations that generallygovern an organization is the

is responsible to conduct the Certiﬁcation exam for the role of Operator/Supervisor