Bank Exams Questions

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Managerial accounting is the process of identifying, measuring, analyzing, interpreting and communicating information for the pursuit of an organization's goals. This branch of accounting is also known as cost accounting.

Hence, the distinguishing feature of managerial accounting is very detailed reports.

Active voice is used when the subject performs the action stated by the verb.

Wellness is a continuum which means personal wellness can vary between very poor and very good.

Polymers are complex molecules composed of random sequences of atoms is the only statement which is not true regarding polymers.

Corporation tax is a tax imposed on the net income of the company. Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax.

Taxes in India are levied by the Central Government and the state governments. Some minor taxes are also levied by the local authorities such as the Municipality. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Central and the State.

Hence, Corporate Tax is imposed by Central Government.