CBSE NET COMMERCE QUESTIONS WITH ANSWER

SALARIES ( PART 1) 1 .HOUSE RENT ALLOWANCE: Section 10(13A)   House Rent Allowance (HRA.) An employer includes certain allowance in the remuneration of the employee termed as House Rent Allowance or HRA. This allowance is used by the employee to meet the rental expenses for his/ her accommodation. The least among the three will be allowed as deduction 1)The HRA amount received from the employer 2) Actual amount paid for rent minus 10% of basic salary* 3)50% of salary (metro city) and 40% HRA for (non-metro cities). *salary means=basic pay+DA(retirement benefit)+commission(fixed percentage ) 2.Fully taxable allowance Dearness allowance City compensatory allowance Medical allowance tiff in allowance servant allowance project allowance overtime allowance warden allowance \family allowance 3.Fully exempt allowance 1.allowance given to UNO employees 2.allowance given to judges of supreme court 3.sumptuary allowance given to judges of hi

#1 LEARN NEW WORDS WITH ME 1 CRIPPLE MEANING : cause (someone) to become unable to walk or move properly. SYNONYMS : disable , paralyses, lame, incapacitate , debilitate ANTONYMS : cure, strength, repair, mobilize SENTENCE : “a young student was crippled for life" 2. GRIM MEANING : very serious or gloomy SYNONYMS : dismal, dingy, miserable, depressing, disheartening ANTONYMS : bright, cheerful, happy, joyful, amiable , pleasant SENTENCE : “ His grim expression.” 3. CAPITULATE MEANING : cease to resist an opponent or an unwelcome demand; yield. SYNONYMS : surrender, give up the struggle, admit defeat, yield ANTONYMS : resist, hold out  SENTENCE : "the patriots had to capitulate to the enemy forces" 4. CREDENCE MEANING : belief in or acceptance of  something as true. SYNONYMS : belief, faith , trust, confidence, acceptance ANTONYMS : doubt, disbelief, discredit, suspicion, skepticism  SENTENCE : “bei

TECHNIQUES  OF PERFORMANCE APPRAISAL ERRORS IN DOING PERFORMANCE APPRAISAL 1.HALO EFFECT Halo effect comes under the category of the first impression error.The "halo effect" is when one trait of a person or thing is used to make an overall judgment of that person or thing. It supports rapid decisions, even if biased ones.Under this one positive traits of an individual overshadow his entire personality. example, a tall or good-looking person will be perceived as being intelligent and trustworthy, even though there is no logical reason to believe that height or looks correlate with smarts and honesty 2.HORN EFFECT Horn Effect is similar to halo effect but its the opposite of halo effect ,If our first impression about a person is negative, we tend to ignore his positive characteristics and concentrate only on the negative ones. We tend to see the person in the light of the negative first impression and hence there is higher probability that we