1171. Consideration must move at the desire of:
A. Promisor
B. Promisee
C. Any other person
D. Any of these
✅ The correct answer is option A.
SSC
1172. Which is the following is false? Consideration:
A. Must move at the desire of the promisor
B. May move from any person
C. Must be illusory
D. Must be some value
✅ The correct answer is option C.
1173. A proposal when accepted becomes a:
A. Promise
B. Contract
C. Offer
D. Acceptance
✅ The correct answer is option A.
1174. Which of the following is not a duty of an auditor?
A. Duty to report company’s banker
B. Duty to report to the members
C. Duty to sign the audit report
D. Duty to report on any violation of law
✅ The correct answer is option A.
1175. Internal Auditing Standards are issued by the –
A. International Accounting Standard Board
B. Financial Accounting Standard Board
C. International Audit & Assurance Standard Board
D. Auditing Practices Board
✅ The correct answer is option C.
1176. Cost Audit under Section 233(B) of The Company Act is _____
A. Voluntary
B. Compulsory
C. Advisable.
D. Avoidable
✅ The correct answer is option C.
1177. Auditor of a _____ company does not have right to visit foreign branches of company.
A. Unlimited Company
B. Manufacturing Company
C. Banking Company
D. Non-Profit making company
✅ The correct answer is option B.
1178. According to Section ___ Special Audit is conducted at the central government
A. Section 233(A)
B. Section 233(B)
C. Section 242(A)
D. Section 242(B)
✅ The correct answer is option C.
1179. A void agreement is one which is
A. Valid but not enforceable
B. Enforceable at the portion of both parties
C. Enforceable at the portion of one party
D. Not enforceable in a Court of Law
✅ The correct answer is option D.
1180. Retiring auditor does not have right to –
A. Make written representations
B. Get his representation circulated
C. Be heard at the meeting
D. Speak as member of company
✅ The correct answer is option A.