This quiz works best with JavaScript enabled. Home > Finance > Accounting > Management Accounting > Transfer Pricing > Transfer Pricing – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Transfer Pricing Quiz 1 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Fund Transfer pricing entries as passed on ..... Basis. A) Quarterly. B) Monthly. C) Yearly. D) Daily. Show Answer Correct Answer: B) Monthly. 2. What is module of FTP A) Cloret. B) Oracle. C) Finacle. D) OFSAA. Show Answer Correct Answer: D) OFSAA. 3. What are the sanctions for not preparing a transfer pricing document A) There isn't any. B) 1 million rupiah. C) 100% increase. D) All answers are wrong. Show Answer Correct Answer: A) There isn't any. 4. Intra Group Services transactions in the OECD TP Guideline are at A) Chapter 6. B) Chapter 5. C) Chapter 8. D) Chapter 7. Show Answer Correct Answer: D) Chapter 7. 5. The main guidelines for examining transfer pricing are A) PER-43/PJ/2010. B) PER-32/PJ/2011. C) PER-22/PJ/2013. D) All answers are wrong. Show Answer Correct Answer: C) PER-22/PJ/2013. 6. Rate of claim for NPA subsidy is A) 9.25%. B) 7%. C) 8.25%. D) 8%. Show Answer Correct Answer: A) 9.25%. 7. What is the size of the comparison between debt and capital according to (DER) PMK 169/2015 and Per 25/2017 that applies: A) 4:1. B) 3:1. C) 1:1. D) 2:1. Show Answer Correct Answer: A) 4:1. 8. Bhamra Manufacturer has the following PnL for 2018:Sales = 1, 000/ COGS = 500/ Other expenses =250/ Interest expense = 50 and interest income =100 are both included in the other expensesWhat is the Operating profit in 2018? A) 200. B) 250. C) No idea!. D) 300. Show Answer Correct Answer: A) 200. 9. Transfer Pricing Documents are regulated in A) A. Regulation of the Minister of Finance Number 213/PMK.03/2016. B) B. Government Regulation Number 74 of 2011. C) A and b are true. D) A and b are wrong. Show Answer Correct Answer: C) A and b are true. 10. Which includes the type of Affiliate transactions are.. A) Sales/purchases of tangible goods (raw materials, finished goods and merchandise). B) Delivery/utilization of intangible goods (Intangible Property). C) Borrowing money. D) All true. Show Answer Correct Answer: D) All true. 11. PT Kim has a total fixed cost of $ 150,000 and a variable cost of $ 9 per unit. If the selling price per unit is $ 12, what is the break-even sales for the firm? A) 40.000 Unit. B) 45.000 Unit. C) 50.000 Unit. D) 60.000 Unit. Show Answer Correct Answer: C) 50.000 Unit. 12. Intangible Property transactions in the OECD TP Guideline are at A) Chapter 8. B) Chapter 6. C) Chapter 5. D) Chapter 7. Show Answer Correct Answer: B) Chapter 6. 13. How long does it take to submit documents to the Account Representative after being requested A) 1 month. B) 2 months. C) 2 weeks. D) All answers are wrong. Show Answer Correct Answer: C) 2 weeks. 14. Those who are required to apply a comparison between debt and capital (DER) according to PMK 169/2015 and Per 25/2017 A) Foundation, Limited Liability Company, CV. B) Trading Business, MSMEs, Insurance/Share Brokers. C) Limited company. D) All Corporate Taxpayers. Show Answer Correct Answer: C) Limited company. 15. The part of the TP documentation that contains information about the position of the taxpayer in the business group structure is A) Master File. B) Local File. C) Country by Country Reporting. D) All true. Show Answer Correct Answer: A) Master File. 16. Which method is the most powerful but difficult to implement? A) Resale Price. B) Cost Plus. C) TNMM. D) CUP. Show Answer Correct Answer: D) CUP. 17. The following are the legal bases governing Transfer Pricing, except: A) Article 18 paragraph 4 of the PPh Law. B) Article 5 P3B. C) Article 9 P3B. D) Article 2 paragraph 2 of the VAT Law. Show Answer Correct Answer: B) Article 5 P3B. 18. What is the comparability factor? A) Contract terms. B) Strategi Force Majeure. C) Financial situation. D) PDKT Strategy. Show Answer Correct Answer: A) Contract terms. 19. Those who are required to apply a comparison between debt and capital according to (DER) PMK 169/2015 and Per 25/2017 A) Foundation, Limited Liability Company, CV. B) Trading Business, MSMEs, Insurance/Share Brokers. C) Limited company. D) All Corporate Taxpayers. Show Answer Correct Answer: C) Limited company. 20. Which type of "FAR" company has the most profit? A) Fully Pledge Manufacturer. B) Toll Manufacturer. C) Contract Manufacturer. D) Licensed Manufacturer. Show Answer Correct Answer: A) Fully Pledge Manufacturer. 21. Efforts that can be done by taxpayers to prevent potential disputes in transfer pricing are: A) Using the latest database in determining comparators. B) Create TP documentation. C) Submit an application for an Advance Pricing Agreement. D) Use the services of a tax consultant. Show Answer Correct Answer: C) Submit an application for an Advance Pricing Agreement. 22. Comparable transactions entered into by affiliates with independent parties are A) External comparison candidate. B) Internal comparison candidate. C) Not a comparison candidate. D) All answers are wrong. Show Answer Correct Answer: B) Internal comparison candidate. 23. Guidance on performing FAR analysis in the OECD TP Guideline is available at A) Chapter 5. B) Chapter 2. C) Chapter 3. D) Chapter 1. Show Answer Correct Answer: D) Chapter 1. 24. Which is a special relationship? A) Shareholding. B) Former relationship. C) One degree blood relationship. D) Close relationship. Show Answer Correct Answer: C) One degree blood relationship. 25. Which statement is correct about a special relationship, except? A) Lowest participation 25 %. B) Capital participation 10 %. C) Family relationship. D) There is no participation but management control. Show Answer Correct Answer: B) Capital participation 10 %. 26. Following are the implications of special relations and transfer pricing, except A) Expenses are reported appropriately. B) Transactions are not reported at fair prices. C) Income reported is less than it should be. D) Cost Exceeded should be. Show Answer Correct Answer: A) Expenses are reported appropriately. 27. NPA Subsidy will claim by A) Branch which may turn into profit making after claim subsidy. B) All Branch. C) ARMP Branch. D) Specialised Branch. Show Answer Correct Answer: A) Branch which may turn into profit making after claim subsidy. 28. Which method is the weakest but easiest to do? A) Resale Price. B) TNMM. C) Cost Plus. D) CUP. Show Answer Correct Answer: B) TNMM. 29. Transfer Charge under FTP based on A) MCLR. B) LIBOR. C) Cost/Yield of fund of same maturity. D) Bank Rate. Show Answer Correct Answer: C) Cost/Yield of fund of same maturity. 30. What is the independence threshold used in Greece? A) 33%. B) 25%. C) 10%. D) 30%. Show Answer Correct Answer: A) 33%. Next →Related QuizzesManagement Accounting QuizzesAccounting QuizzesTransfer Pricing Quiz 2Transfer Pricing Quiz 3 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books