CA - CPT ICAI Model Test Paper - 4


200 Questions MCQ Test CA CPT - Mock Test Series and Previous Year Question Papers | CA - CPT ICAI Model Test Paper - 4


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This mock test of CA - CPT ICAI Model Test Paper - 4 for CA CPT helps you for every CA CPT entrance exam. This contains 200 Multiple Choice Questions for CA CPT CA - CPT ICAI Model Test Paper - 4 (mcq) to study with solutions a complete question bank. The solved questions answers in this CA - CPT ICAI Model Test Paper - 4 quiz give you a good mix of easy questions and tough questions. CA CPT students definitely take this CA - CPT ICAI Model Test Paper - 4 exercise for a better result in the exam. You can find other CA - CPT ICAI Model Test Paper - 4 extra questions, long questions & short questions for CA CPT on EduRev as well by searching above.
QUESTION: 1

In the books of manufacturing concern, opening inventory consists of

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QUESTION: 2

When adjusted purchase is shown on the debit column of the trial balance then

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QUESTION: 3

Following is the example of external users of financial statements:

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QUESTION: 4

“Business unit is separate and distinct from the person who supply capital to it”, is based on

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QUESTION: 5

State the case where the going concern concept is applied?

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QUESTION: 6

If two or more transactions of the same nature are journalised together having either the debit or the credit account common is known as

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QUESTION: 7

If the cheque issued is not presented for the payment upto the date of the preparation of the Bank Reconciliation Statement, then the balance as per Pass Book will be

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QUESTION: 8

Whenever errors are noticed in the accounting records, they should be rectified

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QUESTION: 9

Parties to a bill of exchange are

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QUESTION: 10

All the expenditures and receipts of revenue nature go to

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QUESTION: 11

A _______ is sent to a customer when he returns the goods.

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QUESTION: 12

Noting charges are paid at the time of _______ of a bill.

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QUESTION: 13

Depreciation of fixed assets is an example of _______ expenditure.

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QUESTION: 14

Interest on drawings is _______ for the business.

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QUESTION: 15

An amount of Rs.200 received from A credited to B would affect _______

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QUESTION: 16

As per section 12 of Negotiable Instruments Act, which of the following is not a foreign bill?

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QUESTION: 17

In _______ method, depreciation is charged by allocating depreciable cost in proposition of the annual output to the probable life-time output.

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QUESTION: 18

General reserve at the time of admission of a new partner is transferred to ______.

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QUESTION: 19

A suspense account facilitates the preparation of ______  even when the ______ has not tallied.

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QUESTION: 20

Recording of a transaction in the ledger is called ______.

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QUESTION: 21

Accounting has certain norms to be observed by the accountants in recording of transactions and preparation of financial statements. These norms reduce the vagueness and chances of misunderstanding by harmonizing the varied accounting practices. These norms are

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QUESTION: 22

RPG Ltd. purchased equipment from PQR Ltd. for Rs.50,000 on 1st April, 2009.  The freight and cartage of Rs.2,000 is spent to bring the asset to the factory and Rs.3,000 is incurred on installing the equipment to make it possible for the intended use.  The market price of machinery on 30th April, 2010 is Rs.60,000 and the accountant of the company wants to disclose the machinery at Rs.60,000 in financial statements.  However, the auditor emphasizes that the machinery should be valued at Rs.55,000 (50,000+2,000+3,000) according to:

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QUESTION: 23

Mr. A started a business on 1st January 2009 with Rs. 5,00,000. During the year he bought goods worth Rs. 1,00,000 on credit and sold 80% of the same goods at profit of 20% on cost.At the end of the year 2009, the amount of opening inventory to be shown in the trial balance of Mr. A will be

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QUESTION: 24

Trade receivables on 31st March 20 10 are Rs.5 5,200 . Further bad debts are Rs.2 00.Provision for doubtful debts are to be made on Trade receivables @ 5% and also provision of discount is to be made on Trade receivables @ 2%. The amount of provision of doubtful debts will be

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QUESTION: 25

A firm purchases a 5 years’ lease for Rs. 40,000 on 1st January. It decides to write off depreciation on the Annuity method, presuming the rate of interest to be 5% per annum.The annuity for it is 0.230975. The amount of annual depreciation will be

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QUESTION: 26

The balance of machine on 31st March 2010 is Rs.72,900 (after charging  depreciation of the year). The machine was purchased on 1st April 2007 charging depreciation @10% p.a. by diminishing balance method. The cost price of the machine as on 1st April 2007 would be

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QUESTION: 27

On May 01, 2009, Y Ltd. issued 7% 40,000 convertible debentures of Rs.100 each at a premium of 20%. Interest is payable on September 30 and March 31, every year.Assuming that the interest runs from the date of issue, the amount of interest expenditure debited to Profit and Loss Account for the year ended March 31, 2010 will be

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QUESTION: 28

A company cannot issue redeemable preference shares (not issued for infrastructure projects) for a period exceeding

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QUESTION: 29

E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F will be

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QUESTION: 30

Z Ltd. issued 10,000 shares of Rs.10 each. The called up value per share was Rs.8. The company forfeited 200 shares of Mr. A for non-payment of 1st call money of Rs.2 per share. He paid Rs.6 for application and allotment money. On forfeiture, the share capital account will be _________.

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QUESTION: 31

R, J and D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2010 and profits for the accounting year 2009-2010 were Rs. 24,000. How much share in profits for the period 1st April 2010 to 30th June 2010 will be credited to D’s Account?

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QUESTION: 32

A company sends its cars to dealers on ‘sale or return’ basis.  All such transactions are however treated like actual sales and are passed through the sales day book.  Just before the end of the financial year, two cars which had cost Rs.55,000 each have been sent on ‘sale or return’ and have been debited to customers at Rs.75,000 each, cost of goods lying with the customers will be

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QUESTION: 33

A second hand car is purchased for Rs. 10,000, the amount of Rs. 1,000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owner’s name and Rs. 1,200 is paid as dealer’s commission.  The amount debited to car account will be

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QUESTION: 34

A bill of Rs. 12,000 was discounted by A with the banker for Rs. 11,880. At maturity, the bill returned dishonoured, noting charges Rs 20. How much amount will the bank deduct from A’s bank balance at the time of such dishonour?

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QUESTION: 35

In a joint venture between A and B, A purchased goods costing Rs.42,500. B sold goods costing Rs. 40,000 at Rs. 50,000. Balance goods were taken over by A at same gross profit percentage as in case of sale. The amount of goods taken over by A will be:

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QUESTION: 36

Mr. X is a partner in a firm.  He withdraws Rs.200 at the end of each month.  If rate of interest on drawings is @ 5% p.a., the interest on drawings is

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QUESTION: 37

Mohan and Sohan are partners in a firm sharing profits and losses in the ratio 5:3. The firm earned profits during last four years amounting Rs.18,000, Rs.8,500 (loss), Rs.30,000 and Rs.16,500 respectively.  The value of goodwill on the basis of one and a half year’s purchase of average profits of last four years will be

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QUESTION: 38

A to whom 100 shares of Rs.10 each was allotted at par, paid Rs.3 on application, Rs.3 on allotment but could not pay the first and final call money of Rs.4.  His shares were forfeited by the directors.  The amount to be credited to shares forfeited account will be

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QUESTION: 39

Balance as per cash book is Rs. 5,000.  Cheques issued but not presented for payment debited the account of firm by Rs. 20.  Balance as per pass book will be

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QUESTION: 40

Following are the extracts from the trial balance of a firm as on 31st December, 2009:

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QUESTION: 41

Following are the extracts from the Trial Balance of a firm as on 31st December, 2009.

(i) After preparing the trial balance, it is learnt that a customer, Mohan became insolvent and therefore, the entire amount of Rs.3,000 due from him was irrecoverable.

(ii) 10% provision for bad and doubtful debts is generally created.
The amount of provision for bad and doubtful debts to be charged to profit and loss account will be

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QUESTION: 42

A and B are partners in a firm.  During the year 2009, A withdrew Rs.1,000 p.m. and B withdraw Rs.500 p.m. on the first day of each month for personal use.  Interest on drawings is to be charged @ 10% p.a. The interest on drawings will be

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QUESTION: 43

A and B are partners in a firm sharing profits and losses in the ratio of 3:2.  They have invested capitals of Rs.40,000 and Rs.25,000 respectively.  As per the partnership deed, they are entitled to interest on capital @ 5% p.a. before dividing the profits.  During the year, the firm earned a profit of Rs.3,900 before allowing interest.  The net profit will be apportioned as

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QUESTION: 44

Our acceptance to Mr. A for Rs.8,000 renewed for 3 months on the condition that Rs.2,000 is paid in cash immediately and the new bill to be drawn for remaining balance to carry out interest at 18% p.a. The amount of the renewed bill of exchange will be

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QUESTION: 45

Advertisement expenditure of Rs.10,000 paid on 30.12.2009, the advertisement in respect of which has appeared in the magazines of January, 2010.This expenditure will be

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QUESTION: 46

On 1st January, 2009, Alpha Ltd. purchased a machine for Rs.50,000 and spent Rs.4,000 on its carriage and Rs.2,000 on its installation. On the date of purchase, it was estimated that the effective life of the machine will be 10 years and after 10 years its scrap value will be Rs.6,000.  Depreciation is charged on straight line basis. Depreciation for the year 2009 will be

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QUESTION: 47

Ram and Gopal are partners sharing profits and losses in the ratio of 2:1.  Gopal gave a loan of Rs.12,000 to the firm. They did not have any specific agreement about interest on loan mentioned in the partnership deed. Gopal claims interest on loan @ 10% p.a. The interest on loan as per the rules of the Partnership Act, 1932 will be:

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QUESTION: 48

Mr. A is a partner in a firm along with Mr. B. Both contributed capitals of Rs.40,000 and Rs.50,000 respectively on the 1st of July, 2009. Interest on capital is to be charged @ 10% p.a.  Books of account are to be closed on 31st December, 2009. Interest on capital is

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QUESTION: 49

A firm has an average profit of Rs.60,000. Rate of return on capital employed is 12.5% p.a.Total capital employed in the firm was Rs.4,00,000. Goodwill on the basis of two years purchase of super profits is

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QUESTION: 50

A transport company purchases a truck for Rs.2,00,000 on 1st January, 2009.  It charges 20% depreciation p.a. according to w.d.v. method.  The truck was sold on 1st July, 2010 for a sum of Rs.1,60,000.The  profit or loss on sale of truck is

Solution:
QUESTION: 51

Ram started business with cash Rs.50,000 Purchased goods from Mohan on credit Rs.20,000 Sold goods to Shyam (costing Rs.3,000) for cash Rs.3,600 The accounting equation on the basis of the above transactions will be

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QUESTION: 52

Value of physical inventory on 15.4.2010 was Rs.3,00,000.  Sales amounting Rs.1,00,000 and purchases worth Rs.50,000 were held between 31.3.2010 and 15.4.2010. Goods are sold at a profit of 20% on sales. Value of inventory as on 31.3.2010 is

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QUESTION: 53

A and B entered into a joint venture agreement to share the profits and losses in the ratio of 2:1.  A supplied 100 radio sets worth Rs.1,00,000 to B incurring expenses of Rs.5,000 for freight and insurance. B sold 95 radio sets for Rs.1,20,000. 5 radio sets were taken over by B. The profit/loss on venture will be

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QUESTION: 54

The liabilities that are payable in more than a year and are not be liquidated from current assets

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QUESTION: 55

Record of purchase of T.V.parts.

Q. The value of T.V. sets on 15 March, as per LIFO will be 

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QUESTION: 56

Goods costing Rs. 10,000 were sold at 1/6 profit on selling price. The sale value  will be

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QUESTION: 57

A purchased a computer costing Rs.10,000. Repairing expenses Rs.1,000 and miscellaneous expenses Rs.500 were incurred by him on the Computer. He sold the computer at 20% margin on selling price.  The sales value will be

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QUESTION: 58

Priya sold goods to Nidhi for Rs.1,00,000. Priya will grant 5% discount to Nidhi. Nidhi requested Priya to draw a bill. The amount of the bill will be

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QUESTION: 59

A bill is drawn on 28th March, 2010 for one month after sight. The date of acceptance is 2nd April, 2010. The maturity  date of the bill will be

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QUESTION: 60

Under mutual accommodation, Mohan drew a bill on Shyam for Rs.50,000 for 3 months.Proceeds are to be shared equally. Mohan got the bill discounted at 12% p.a. and remits required proceeds to Shyam. The amount of such remittance will be

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QUESTION: 61

Cross Offers means

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QUESTION: 62

Valid Contract:

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QUESTION: 63

Which of the following is a requirement for misrepresentation to exist?

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QUESTION: 64

Which of the following agreements is void?

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QUESTION: 65

Which of the following offers constitute a valid offer?

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QUESTION: 66

Which of the following statements is true?

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QUESTION: 67

Contract caused by which of the following is void?

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QUESTION: 68

Suppose the time fixed for performance of the contract has expired but the time is not essential.What is the remedy to the promisee in the circumstances?

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QUESTION: 69

What is legal terminology for the doing or not doing of something which the promisor desires to be done or not done?

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QUESTION: 70

Goods must be the same as wanted by the buyer. This is

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QUESTION: 71

Goods dependant upon certain events which may or may not happen.

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QUESTION: 72

Which of the following is a not document of title to goods?

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QUESTION: 73

The term ‘goods’ for the purpose of the Sale of Goods Act, 1930 includes

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QUESTION: 74

In which of the following cases, the unpaid seller loses his right of lien?

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QUESTION: 75

In case of sale of standing trees, the property passes to the buyer when trees are

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QUESTION: 76

Partnership

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QUESTION: 77

X and Y agree to work together as carpenters but X shall receive all profit and shall pay wages to Y. The relation between X and Y is that

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QUESTION: 78

Which of the following is an essential feature of partnership?

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QUESTION: 79

Which of the following acts are not included in the implied authority of a partner?

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QUESTION: 80

Implied contract, even if not in writing or express words, is perfectly ________if other conditions are satisfied

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QUESTION: 81

R, an optical surgeon, employs S as the assistant for a term of three years and S agrees not to practice as a surgeon during this period. This contract is _________

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QUESTION: 82

________ consideration is no consideration in England.

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QUESTION: 83

A agrees to pay Rs. 500 to B if it rains, and B promises to pay a like amount to A if it does not rain, this agreement is called ___________.

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QUESTION: 84

When the offeree offers to qualified acceptance of the offer subject to modifications and variations he is said to have made a ___________.

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QUESTION: 85

When after the formation of a valid contract, an event happens which makes the performance of contract impossible, and then the contract becomes ___________.

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QUESTION: 86

Where the performance of a promise by one party depends on the prior performance of promise by the other party, such reciprocal promises fall under the category of __________.

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QUESTION: 87

The basis of ‘quasi contractual relations’ is the __________.

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QUESTION: 88

A agrees to pay Rs. 1000 to B if a certain ship returns within a year.  However, the ship sinks within the year.  In this case, the contract becomes __________

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QUESTION: 89

Where an agreement consists of two parts once legal and the other illegal, and the legal part is separable from the illegal one, such legal part is __________.

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QUESTION: 90

The Sale of Goods Act, 1930 came into force on __________.

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QUESTION: 91

Contract of Sale is __________.

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QUESTION: 92

Where in an auction sale, the seller appoints more than one bidder, the sale is __________.

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QUESTION: 93

Where the goods are delivered to a carrier or wharfinger for the purpose of transmission to the buyer, the delivery is __________.

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QUESTION: 94

The property in the goods means the __________.

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QUESTION: 95

Untill goods are ascertained there is merely __________.

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QUESTION: 96

A genuine pre-estimate of the probable loss is __________.

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QUESTION: 97

Discharge by mutual agreement may involve__________.

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QUESTION: 98

A enquires from B, “Will you purchase my cow for $ 100?” B replies, “I shall purchase your cow for $ 100 provided you purchase my parrot for $ 120.” In this case __________.

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QUESTION: 99

A sold 1000 tins of oil to B without appropriating any particular oil to the contract. B sold 600 tins out it to C and gave delivery order addressed to A. C lodged the delivery order with A requesting him to “await” his orders. Meanwhile, B became insolvent and thus A became the unpaid seller.

Solution:
QUESTION: 100

X fraudulently induced Y to enter into partnership with him and Y pays a premium of Rs.5,000/- to A. Within three months the firm incurs liabilities to the extent of Rs.10,000/-.On discovering the fraud, Y files a suit for the rescission of the contract creating partnership and contract is rescinded. The creditors of the firm also levy attachment on Y who pays Rs.3,000/- to them as well.  Which of the following is correct?

Solution:
QUESTION: 101

Find the correct match:

Solution:
QUESTION: 102

Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering raising prices, it can expect a relatively:

Solution:
QUESTION: 103

Which of the following is not a characteristic of a “price taker”?

Solution:
QUESTION: 104

Which cost increases continuously with the increase in production?

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QUESTION: 105

Which one is not an assumption of the theory of demand based on analysis of indifference curves?

Solution:
QUESTION: 106

Which of the following statements is correct?

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QUESTION: 107

We can say Indian agriculture has become modern since:

Solution:
QUESTION: 108

Which of the following statements is correct?

Solution:
QUESTION: 109

Jet Airways and Kingfisher are examples of:

Solution:
QUESTION: 110

All of the following developments were noticed during 1991(when economic reforms were enforced) except one. Identify it.

Solution:
QUESTION: 111

All of the following statements except one are correct about the foreign trade policy, 2004-09. Identify the incorrect statement:

Solution:
QUESTION: 112

The economic reforms have failed to:

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QUESTION: 113

Broad money refers to

Solution:
QUESTION: 114

Nationalization of banks aimed at all of the following except:

Solution:
QUESTION: 115

In order to encourage investment in the country, the RBI may:

Solution:
QUESTION: 116

Which of the following statements is incorrect?

Solution:
QUESTION: 117

————— expressed the view that “Economics is neutral between end”.

Solution:
QUESTION: 118

The law of demand refers to —————.

Solution:
QUESTION: 119

Increasing returns imply —————.

Solution:
QUESTION: 120

In monopolistic competition, a firm is in long run equilibrium —————.

Solution:
QUESTION: 121

Of the major 12 ports, ———— has been top traffic handler for the last five years.

Solution:
QUESTION: 122

On an average, one post office in India serves —————.

Solution:
QUESTION: 123

At present, nearly ————— percent of the energy consumed is obtained from noncommercial traditional sources.

Solution:
QUESTION: 124

————— refers to the transfer of assets or services functions from public to private ownership.

Solution:
QUESTION: 125

At present only ————— industries are reserved for the public sector.

Solution:
QUESTION: 126

At present, Bank rate is ————— percent. (Sept. 2014)

Solution:
QUESTION: 127

————— is the official minimum rate at which the central bank of a country is prepared to rediscount approved bills held by banks.

Solution:
QUESTION: 128

EPCG stands for —————.

Solution:
QUESTION: 129

The area under irrigation has ————— over the years in India.

Solution:
QUESTION: 130

The service sector in India now accounts for —————.

Solution:
QUESTION: 131

————— is the Banker’s Bank  in India.

Solution:
QUESTION: 132

According to the 2001 census the total literacy ratio is

Solution:
QUESTION: 133

(Direction 133 - 137) on based the demand and supply diagrams in Figure 1.

D1 and S1 are the original demand and supply curves. D2, D3, S2 and S3 are possible new demand and supply curves. Starting from initial equilibrium point (1) what point on the graph is most likely to result from each change?

 

Q. Ass ume X is a no rmal good.  H olding ev erything else constant, as sume that income rises and the price of a factor of production also increases. What point in Figure 1 is most likely to be the new equilibrium price and quantity? 

Solution:
QUESTION: 134

D1 and S1 are the original demand and supply curves. D2, D3, S2 and S3 are possible new demand and supply curves. Starting from initial equilibrium point (1) what point on the graph is most likely to result from each change?

 

Q. We are analyzing the market for good Z.  The price of a complement good, good Y, declines.
At the same time, there is a technological advance in the production of good Z. What point Figure 1 is most likely to be the new equilibrium price and quantity?

Solution:
QUESTION: 135

D1 and S1 are the original demand and supply curves. D2, D3, S2 and S3 are possible new demand and supply curves. Starting from initial equilibrium point (1) what point on the graph is most likely to result from each change?

 

Q. Heavy rains in Maharashatra during 2005 and 2006 caused havoc with the rice crop. What point in Figure 1 is most likely to be the new equilibrium price and quantity? 

Solution:
QUESTION: 136

D1 and S1 are the original demand and supply curves. D2, D3, S2 and S3 are possible new demand and supply curves. Starting from initial equilibrium point (1) what point on the graph is most likely to result from each change?

 

Q. As sume that cons umers expect the prices o n new cars to sig nificantly increase next year.  What point in Figure 1 is most likely to be the new equilibrium price and quantity?

Solution:
QUESTION: 137

D1 and S1 are the original demand and supply curves. D2, D3, S2 and S3 are possible new demand and supply curves. Starting from initial equilibrium point (1) what point on the graph is most likely to result from each change?

 

Q. What combinations of changes would most likely decrease the equilibrium quantity?

Solution:
QUESTION: 138

(Direction 138 - 141) Use Table 1 to answer questions .

 

Q. Refer to Table 1 which lists the average costs of a perfectly competitive firm. If the price of the good is Rs 13, the firm will be produce 

Solution:
QUESTION: 139

 

Q. Refer to the competitive firm in Table 1. If the market price is Rs 31, the firm will produce:

Solution:
QUESTION: 140

 

Q. In Table 1, if price is Rs 26, the perfectly competitive firm will

Solution:
QUESTION: 141

 

Q. In Table 1, if price is Rs 34, the perfectly competitive firm will:

Solution:
QUESTION: 142

(Direction 142 - 147) Read the following paragraph and answer Questions.

Anisha quit her job at a private company where she earned Rs. 2,90,000 a year. She withdrew Rs. 4,00,000 in a savings account that earned 10% interest annually to buy a second hand mini bus to commune passenger between Cannaught Place and Noida. There are 1000 passengers who will pay Rs. 4000 a year each for commuter services; Rs. 2800 from each passenger goes for petrol, maintenance, depreciation etc.

 

Q. What is Anisha’s total revenue from her commuter service?

Solution:
QUESTION: 143

Anisha quit her job at a private company where she earned Rs. 2,90,000 a year. She withdrew Rs. 4,00,000 in a savings account that earned 10% interest annually to buy a second hand mini bus to commune passenger between Cannaught Place and Noida. There are 1000 passengers who will pay Rs. 4000 a year each for commuter services; Rs. 2800 from each passenger goes for petrol, maintenance, depreciation etc.

 

Q. Calculate Anisha’s accounting costs? 

Solution:
QUESTION: 144

Anisha quit her job at a private company where she earned Rs. 2,90,000 a year. She withdrew Rs. 4,00,000 in a savings account that earned 10% interest annually to buy a second hand mini bus to commune passenger between Cannaught Place and Noida. There are 1000 passengers who will pay Rs. 4000 a year each for commuter services; Rs. 2800 from each passenger goes for petrol, maintenance, depreciation etc.

 

Q. Calculate Anisha’s economic cost?

Solution:
QUESTION: 145

Anisha quit her job at a private company where she earned Rs. 2,90,000 a year. She withdrew Rs. 4,00,000 in a savings account that earned 10% interest annually to buy a second hand mini bus to commune passenger between Cannaught Place and Noida. There are 1000 passengers who will pay Rs. 4000 a year each for commuter services; Rs. 2800 from each passenger goes for petrol, maintenance, depreciation etc.

 

Q. We can say that Anisha:

Solution:
QUESTION: 146

Anisha quit her job at a private company where she earned Rs. 2,90,000 a year. She withdrew Rs. 4,00,000 in a savings account that earned 10% interest annually to buy a second hand mini bus to commune passenger between Cannaught Place and Noida. There are 1000 passengers who will pay Rs. 4000 a year each for commuter services; Rs. 2800 from each passenger goes for petrol, maintenance, depreciation etc.

 

Q. Calculate Anisha’s accounting profit/loss?

Solution:
QUESTION: 147

Anisha quit her job at a private company where she earned Rs. 2,90,000 a year. She withdrew Rs. 4,00,000 in a savings account that earned 10% interest annually to buy a second hand mini bus to commune passenger between Cannaught Place and Noida. There are 1000 passengers who will pay Rs. 4000 a year each for commuter services; Rs. 2800 from each passenger goes for petrol, maintenance, depreciation etc.

 

Q. Calculate Anisha’s economic profit/loss? 

Solution:
QUESTION: 148

If the local pizzeria raises the price of a medium pizza from Rs.60 to Rs.100 and quantity demanded falls from 700 pizzas a night to 100 pizzas a night, the price elasticity of demand for pizzas is: (use arc Elasticity Method)

Solution:
QUESTION: 149

Suppose a consumer’s income increases from Rs.30,000 to Rs.36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumer’s income elasticity of demand for CDs?

Solution:
QUESTION: 150

If the quantity demanded of beef increases by 5% when the price of chicken increases by 20%, the cross-price elasticity of demand between beef and chicken is

Solution:
QUESTION: 151

The entire upper part of a table is known as

Solution:
QUESTION: 152

Ogive is a

Solution:
QUESTION: 153

In case of an even number of observations which of the following is median?

Solution:
QUESTION: 154

If the A.M. and G.M. for two numbers are 6.50 and 6 respectively then the two numbers are

Solution:
QUESTION: 155

If all the observations are increased by 10, then

Solution:
QUESTION: 156

Mode of  0, 3, 5, 6, 7, 9, 12, 0, 2 is

Solution:
QUESTION: 157

What is spurious correlation?

Solution:
QUESTION: 158

The line x = a + by represents the regression equation of

Solution:
QUESTION: 159

When ‘p’  = 0.5, the binomial distribution is

Solution:
QUESTION: 160

A population comprises 5 members. The number of all possible samples of size 2 that can be drawn from it with replacement is

Solution:
QUESTION: 161

Tally marks determines ______.

Solution:
QUESTION: 162

______ always lies in between the arithmetic mean & mode.

Solution:
QUESTION: 163

In case ‘The ages of husbands and wives’ correlation is ______.

Solution:
QUESTION: 164

If P = 0, then the two events A and B are ______ .

Solution:
QUESTION: 165

In ______ distribution, mean = variance.

Solution:
QUESTION: 166

A______ distribution is a theoretical distribution that expresses the functional relation between each of the distinct values of the sample statistic and the corresponding probability.

Solution:
QUESTION: 167

If an investment of Rs.1000 and Rs.100 yield an income of Rs.90 and Rs.20 respectively, for earning Rs.50 investment of Rs.________ will be required.

Solution:
QUESTION: 168

 If 18Cn = 18Cn + 2 then the value of n is ________. 

Solution:
QUESTION: 169

The sum of square of first n natural number is ________.

Solution:
QUESTION: 170

If  b2 – 4ac = 0 the roots are ______ and ______.

Solution:
QUESTION: 171

The index number of prices at a place in 1998 is 355 with 1991 as base.  This means

Solution:
QUESTION: 172

The sum of a series in A.P. is 72 the first term being 17 and the common difference –2. The number of terms is

Solution:
QUESTION: 173

The mean proportional between 1.4 gms and 5.6 gms is

Solution:
QUESTION: 174

Which is True ?

Solution:
QUESTION: 175

8 is the solution of the equation

Solution:
QUESTION: 176

The sum of the digits of a two digit number is 10. If 18 be subtracted from it the digits in the resulting number will be equal. The number is

Solution:
QUESTION: 177

The values of x for the equation x2+ 9x + 18 = 6 – 4x are

Solution:
QUESTION: 178

The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is

Solution: