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CA - CPT ICAI Model Test Paper - 10


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200 Questions MCQ Test | CA - CPT ICAI Model Test Paper - 10

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CA - CPT ICAI Model Test Paper - 10 - Question 1

Mr. Ashok buys clothing of Rs. 50,000 paying cash Rs. 20,000. What is the amount of expense as per the accrual concept?

CA - CPT ICAI Model Test Paper - 10 - Question 2

Loss leads to a reduction in

CA - CPT ICAI Model Test Paper - 10 - Question 3

Accounting standards are

CA - CPT ICAI Model Test Paper - 10 - Question 4

“Substance of any transaction should be considered while recording them and not only the legal form” is the statement which holds true for:

CA - CPT ICAI Model Test Paper - 10 - Question 5

The determination of the amount of provision for doubtful debts  is an accounting

CA - CPT ICAI Model Test Paper - 10 - Question 6

What is the order in which the accounting transactions and events are recorded in the books?

CA - CPT ICAI Model Test Paper - 10 - Question 7

The expired portion of capital expenditure is shown in the financial statements as

CA - CPT ICAI Model Test Paper - 10 - Question 8

Rs. 5,000 incurred for upgradation of computer by installation of 128 MB RAM is

CA - CPT ICAI Model Test Paper - 10 - Question 9

According to money measurement concept, currency transactions and events are recorded in the books of accounts

CA - CPT ICAI Model Test Paper - 10 - Question 10

All of the following errors do not affect the trial balance, except

CA - CPT ICAI Model Test Paper - 10 - Question 11

Errors are ________ mistakes.

CA - CPT ICAI Model Test Paper - 10 - Question 12

Trial balance is a statement which shows the ________ or the ________of all the accounts.

CA - CPT ICAI Model Test Paper - 10 - Question 13

It is easy to detect ________ than to ________.

CA - CPT ICAI Model Test Paper - 10 - Question 14

In case of debit balance, the words ________ are written on the debit side.

CA - CPT ICAI Model Test Paper - 10 - Question 15

Rs. 5,000 spent on maintenance of plant and machinery is ________.

CA - CPT ICAI Model Test Paper - 10 - Question 16

Bank pass book is also known as ________

CA - CPT ICAI Model Test Paper - 10 - Question 17

Capital expenditures are recorded in the ________

CA - CPT ICAI Model Test Paper - 10 - Question 18

Accounts receivable normally has ________ balance.

CA - CPT ICAI Model Test Paper - 10 - Question 19

An account is a formal record of changes in items of ________ nature.

CA - CPT ICAI Model Test Paper - 10 - Question 20

The ass umption underlying the fixed ins tallment method of depreciation is that of ________ of the asset over different years of its useful life.

CA - CPT ICAI Model Test Paper - 10 - Question 21

A businessman purchased goods for Rs.25,00,000 and sold 70% of such goods during the accounting year ended 31st March, 2010. The market value of the remaining goods was Rs.5,00,000. He valued the closing inventory at Rs. 5,00,000 and not at Rs. 7,50,000 due to

CA - CPT ICAI Model Test Paper - 10 - Question 22

M/s Omega Brothers, which was registered in the year 2004, has been following LIFO method for valuation of shares. It changed its method from LIFO to FIFO Method in the year 2009.The auditor raised objection to this change in the method of valuation of investments.The objection of the auditor is justified because

CA - CPT ICAI Model Test Paper - 10 - Question 23

Following are the items of the balance sheet of Mr. X: Capital Rs. 7,00,000; Machinery Rs. 5,00,000 and Cash Rs. 2,00,000. If Mr. X spends Rs. 5,000 to meet his family expenses, the balance of capital and cash accounts will be

CA - CPT ICAI Model Test Paper - 10 - Question 24

Mr. Mohan started a cloth business by investing Rs. 50,000, bought merchandise worth Rs. 50,000. He sold merchandise for Rs. 60,000. Customers paid him  Rs. 50,000 cash and assured him to pay Rs. 10,000 shortly. The amount of revenue earned by him is _________

CA - CPT ICAI Model Test Paper - 10 - Question 25

If sales revenues are Rs. 4,00,000; cost of goods sold is Rs. 3,10,000, the gross profit is _________

CA - CPT ICAI Model Test Paper - 10 - Question 26

When balance as per cash book (debit balance) as on 31st March is the starting point, what will be the effect while preparing bank reconciliation statement when out of the cheques amounting to Rs. 5,000 deposited, cheques aggregating Rs. 1,500 were credited in March and cheques aggregating Rs. 2,000 credited in April and the rest have not been collected?

CA - CPT ICAI Model Test Paper - 10 - Question 27

A and B purchased a piece of land for Rs. 30,000 and sold it for Rs. 60,000 in 2010. Originally A had contributed Rs. 12,000 and B Rs. 8,000. The profit on venture will be

CA - CPT ICAI Model Test Paper - 10 - Question 28

On 1.1. 2010 X draws a bill on Y for Rs 1, 00, 000. At maturity, the bil l returned dishonoured as Y became insolvent and 40 paise per rupee is recovered from his estate.The amount recovered is:

CA - CPT ICAI Model Test Paper - 10 - Question 29

An individual invests Rs.2,00,000 for running a stationery business. On 1st Jan., he purchases goods for Rs. 1,15,000 and sells the goods for Rs. 1,47,000 during the month of January. He pays shop rent for the month Rs. 5,000 and finds that still he has goods worth Rs. 15,000 in hand. The amount of surplus will be

CA - CPT ICAI Model Test Paper - 10 - Question 30

Goods costing Rs. 600 is supplied to Ram at the invoice of 10% above cost and a trade discount for 5%. The amount of sales will be

CA - CPT ICAI Model Test Paper - 10 - Question 31

Goods sold for cash Rs. 10,000, plus 10% sales tax. Sales will be credited by

CA - CPT ICAI Model Test Paper - 10 - Question 32

Ganesh takes a salary Rs. 10,000 per month. He withdrew goods worth Rs. 2,500 for personal use and got salary Rs. 9,500 in cash. The excess payment of Rs. 2,000 will be debited to

CA - CPT ICAI Model Test Paper - 10 - Question 33

Journal entry for Rs. 6,000 stolen from the safe of the firm will be ________

CA - CPT ICAI Model Test Paper - 10 - Question 34

After preparing the trial balance the accountant finds that the total of the debit side is short by Rs. 1,000. This difference will be __________

CA - CPT ICAI Model Test Paper - 10 - Question 35

The accountant of the firm M/s ABC is unable to tally the following trial balance:

The above difference in trial balance is due to 

CA - CPT ICAI Model Test Paper - 10 - Question 36

Sita and Gita are partners sharing profits and losses in the ratio of 3:2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 after allowing interest on capital. Profits apportioned among Sita and Gita is:

CA - CPT ICAI Model Test Paper - 10 - Question 37

A sale of Rs. 100 to A recorded in the Purchase Book would affect:

CA - CPT ICAI Model Test Paper - 10 - Question 38

Total capital employed by a partnership firm is Rs.1,00,000 and its average profit is Rs.25,000.Normal rate of return is 20% in similar firms working under similar conditions. The firm earns super profit of:

CA - CPT ICAI Model Test Paper - 10 - Question 39

If capital emplo y ed by a partnership firm is Rs. 1, 00,000 and its av erag e pro fit is Rs. 20,000, normal rate of return is 15%, the value of goodwill according to capitalization method will be

CA - CPT ICAI Model Test Paper - 10 - Question 40

A and D are equal partners. They wanted to admit C as 1/6th partner who brought Rs.60,000 as goodwill. The new profit sharing ratio is 3:2:1. Profit sacrificing ratio will be

CA - CPT ICAI Model Test Paper - 10 - Question 41

A, B, C & D are in partnership sharing profits and losses equally. They mutually agree to change the profit sharing ratio to 3:3:2:2. In this process D loses

CA - CPT ICAI Model Test Paper - 10 - Question 42

The following information pertains to X Ltd.
(i) Equity share capital called up Rs.5,00,000
(ii) Calls in arrear Rs.40,000
(iii) Calls in advance Rs.25,000
(iv) Proposed dividend 15%

The amount of dividend payable is

CA - CPT ICAI Model Test Paper - 10 - Question 43

Alfa Ltd. issued shares of Rs.10 each at par. Mr. C purchased 30 shares and paid Rs.2 on application but did not pay the allotment money of Rs.3. If the company forfeited his entire shares, the forfeiture account will be credited by:

CA - CPT ICAI Model Test Paper - 10 - Question 44

The profits of last three years are Rs. 43,000; Rs. 38,000 and Rs. 45,000. Find out the goodwill at two years purchase.

CA - CPT ICAI Model Test Paper - 10 - Question 45

Mohan sent some goods costing Rs. 3,500 at profit of 25% on sale to Sohan on sale or return basis. Sohan return goods costing Rs.800. At the year end, i.e., on 31st December, 2011, the remaining goods were neither returned nor approved by him. The inventory on approval will be shown in the balance sheet at Rs. ______

CA - CPT ICAI Model Test Paper - 10 - Question 46

A’s acceptance to B for Rs.2,500 is  discharged  by a cash payment of Rs.1,000 and a new bill  is drawn for the balance plus Rs.50 for interest. The amount of the new bill will be Rs. ______

CA - CPT ICAI Model Test Paper - 10 - Question 47

A bought goods of the value Rs.10,000 and consigned them to B to be sold on joint venture, profits being divided equally. A draws a bill on B for an amount equivalent to 80% of cost on consignment. The amount of bill will be

CA - CPT ICAI Model Test Paper - 10 - Question 48

Goods costing Rs.1,80,000 sent to consignee to show a profit of 20% on invoice price. Invoice price of the goods is ______

CA - CPT ICAI Model Test Paper - 10 - Question 49

If 1,000 typewriters costing Rs.250 each are sent on consignment basis and Rs.10,000 is spent for freight etc., 20 typewriters are damaged in transit beyond repair. The amount of loss will be __________

CA - CPT ICAI Model Test Paper - 10 - Question 50

1,000 Kg. of Mangoes were consigned to a wholesaler, the cost being Rs. 3 per kg. plus Rs. 400 freight. Loss of 15% of Mangoes is unavoidable. 750 kgs. were sold by the consignee.The remaining inventory of 100 kg. will be valued at

CA - CPT ICAI Model Test Paper - 10 - Question 51

Machinery costing Rs. 10,00,000 was purchased on 1.4.2011. The installation charges amounting Rs.1,00,000 were incurred. The depreciation at 10% per annum on straight line method for the year ended 31st March, 2012  will be ____

CA - CPT ICAI Model Test Paper - 10 - Question 52

Goods costing Rs 5,00,000 sent out to consignee at Cost + 25% . Invoice value of the goods will be _______

CA - CPT ICAI Model Test Paper - 10 - Question 53

Opening inventory Rs. 2,50,000, closing inventory Rs. 50,000, purchases Rs. 2,00,000, sales Rs. 5,00,000. Gross profit rate 20% on sales. The amount of gross profit is:

CA - CPT ICAI Model Test Paper - 10 - Question 54

XYZ & Company employs a team of ten workers who were paid Rs.1,000 each in the year ending 31st December, 2010. At the start of year 2011, the company raised salaries by 10%. The amount of salaries for the year ended 31st December, 2011 will be ______

CA - CPT ICAI Model Test Paper - 10 - Question 55

Debit balance as per Cash Book of ABC Enterprises as on 31.3. 2012 is Rs. 10,000.Cheques deposited but not cleared amounts to Rs. 1,000 and Cheques issued but not presented is Rs. 2,000. Balance as per pass book should be

CA - CPT ICAI Model Test Paper - 10 - Question 56

Goods purchased Rs. 1,00,000, Sales Rs. 90,000 and Margin is 20 % on sales. Closing inventory is

CA - CPT ICAI Model Test Paper - 10 - Question 57

Mohan runs a restaurant. He renovates some of the old cabins to increase some space.The amount of Rs. 15,000 was incurred on renovation. The amount to be charged to profit and loss account is

CA - CPT ICAI Model Test Paper - 10 - Question 58

Money paid to MTNL Rs. 10,000 for installing telephone in office is:

CA - CPT ICAI Model Test Paper - 10 - Question 59

A company forfeited 1,000 shares of Rs.10 each (which were issued at par) held by Mr. John for non-payment of allotment money of Rs. 4 per share. The called-up value per share was Rs.8. On forfeiture, the amount debited to share capital will be

CA - CPT ICAI Model Test Paper - 10 - Question 60

Capital introduced in the beginning by Shyam Rs. 3,00,000; further capital introduced during the year Rs. 2,00,000; Drawing Rs. 1,500 per month and closing capital is Rs. 4,50,000. The amount of profit or loss for the year is:

CA - CPT ICAI Model Test Paper - 10 - Question 61

Which of the following is correct:

CA - CPT ICAI Model Test Paper - 10 - Question 62

In case of eatables and provisions, implied conditions can be applied are:

CA - CPT ICAI Model Test Paper - 10 - Question 63

A contract of sale may be made by

CA - CPT ICAI Model Test Paper - 10 - Question 64

An offer may be made to the following:

CA - CPT ICAI Model Test Paper - 10 - Question 65

The following is not a ‘document of title to goods’:

CA - CPT ICAI Model Test Paper - 10 - Question 66

An agreement induced by mistake of fact is void if the following conditions are fulfilled:

CA - CPT ICAI Model Test Paper - 10 - Question 67

Contracts may be classified on the basis of their validity, formation or performance. Contracts classified on the basis of formation are of the following types:

CA - CPT ICAI Model Test Paper - 10 - Question 68

A condition may be treated as warranty in the following cases:

CA - CPT ICAI Model Test Paper - 10 - Question 69

The difference in consideration under English law and Indian law are:

CA - CPT ICAI Model Test Paper - 10 - Question 70

Implied authority of the partner does not empower him to

CA - CPT ICAI Model Test Paper - 10 - Question 71

Compulsory Dissolution includes

CA - CPT ICAI Model Test Paper - 10 - Question 72

Ratification by a minor of a contract entered during minority, even after he attains majority is not allowed.

CA - CPT ICAI Model Test Paper - 10 - Question 73

A contract between A, B and C was executed whereby A pays money to B for delivering some goods to C. C has not paid any consideration. Can C enforce the agreement?

CA - CPT ICAI Model Test Paper - 10 - Question 74

In case of sale

CA - CPT ICAI Model Test Paper - 10 - Question 75

A void contract is a contract without any legal effect and cannot be enforced in a Court of law. The following are instances of void contracts:

CA - CPT ICAI Model Test Paper - 10 - Question 76

Finder of goods is subject to the same responsibility as of :

CA - CPT ICAI Model Test Paper - 10 - Question 77

Acceptance is deemed to take place when the buyer

CA - CPT ICAI Model Test Paper - 10 - Question 78

The rights of a minor when admitted to the benefits of the partnership include

CA - CPT ICAI Model Test Paper - 10 - Question 79

Which of the following is correct:

CA - CPT ICAI Model Test Paper - 10 - Question 80

Agreement to share profits _________.

CA - CPT ICAI Model Test Paper - 10 - Question 81

Actual Sale of future goods is _________.

CA - CPT ICAI Model Test Paper - 10 - Question 82

An offer made to a definite person who can be accepted by the specified person only is _________.

CA - CPT ICAI Model Test Paper - 10 - Question 83

A contracts to pay B Rs.1,00,000 if the latter’s house is burnt to ashes. This is an example of _________.

CA - CPT ICAI Model Test Paper - 10 - Question 84

The position of a stranger to a contract and that of the stranger to a consideration is _________.

CA - CPT ICAI Model Test Paper - 10 - Question 85

Goods are said to be in a deliverable state when _________.

CA - CPT ICAI Model Test Paper - 10 - Question 86

Any act committed by a party to a contract, or with his connivance or by his agent with intent to deceive another party thereto or his agent, or to induce him to enter into a contract is said to be _________.

CA - CPT ICAI Model Test Paper - 10 - Question 87

Provisions relating to doctrine of Caveat Emptor is laid down in the _________.

CA - CPT ICAI Model Test Paper - 10 - Question 88

A directs B who is a solicitor to sell his estate by auction and to employ an auctioneer for this purpose. B names C, an auctioneer, to conduct the sale. The status of C for the sale is _________.

CA - CPT ICAI Model Test Paper - 10 - Question 89

Quasi-contract is also termed as :

CA - CPT ICAI Model Test Paper - 10 - Question 90

X proposes by a letter sent by post to sell his house to Y. Y accepts the proposal by a letter sent by post. The letter of acceptance is in the course of transmission to X. Y _________.

CA - CPT ICAI Model Test Paper - 10 - Question 91

A agrees to pay B Rs. 5,00,000/- if A is able to go to a foreign tour in the forthcoming week.It is _________.

CA - CPT ICAI Model Test Paper - 10 - Question 92

A bus plying on the road is an example of _________.

CA - CPT ICAI Model Test Paper - 10 - Question 93

Tender for supply of goods is an offer, which is allowed to remain open for acceptance over a period of time. Such offers are _________.

CA - CPT ICAI Model Test Paper - 10 - Question 94

Consideration may be gratuitous or non-gratuitous _________.

CA - CPT ICAI Model Test Paper - 10 - Question 95

Expressed conditions are those _________.

CA - CPT ICAI Model Test Paper - 10 - Question 96

Right of lien and Right of stoppage in transit _________.

CA - CPT ICAI Model Test Paper - 10 - Question 97

Goodwill of the partnership business can be regarded as _________________.

CA - CPT ICAI Model Test Paper - 10 - Question 98

Where the deterioration is caused to goods by delay in delivery by the carrier there the damages can be recovered from :

CA - CPT ICAI Model Test Paper - 10 - Question 99

The Damages that constitute the direct loss suffered by the injured party :

CA - CPT ICAI Model Test Paper - 10 - Question 100

Sanju took a medical insurance from Deadly Diseases Insurance & Claim Corporation of Asia (DDICCA) through one of its agent, Manju. Sanju singed whatever documents were placed before her by Manju in good faith. The documents contained the fact that Sanju was healthy, fit and fine whereas she was actually suffering from chronic asthma and acute allergy. Sanju did not take care to suggest the changes in the documents and the policy was issued based on the above submissions.

CA - CPT ICAI Model Test Paper - 10 - Question 101

Economics is the study of

CA - CPT ICAI Model Test Paper - 10 - Question 102

Which of the following is not part of the opportunity cost of going on holiday?

CA - CPT ICAI Model Test Paper - 10 - Question 103

Which of the following statements is normative?

CA - CPT ICAI Model Test Paper - 10 - Question 104

If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is

CA - CPT ICAI Model Test Paper - 10 - Question 105

Suppose consumer tastes shift toward the consumption of apples. Which of the following statements is an accurate description of the impact of this event on the market for apples?

CA - CPT ICAI Model Test Paper - 10 - Question 106

A buyer’s willingness to pay is that buyer’s:

CA - CPT ICAI Model Test Paper - 10 - Question 107

The following table exhibits:

CA - CPT ICAI Model Test Paper - 10 - Question 108

If there are implicit costs of production:

CA - CPT ICAI Model Test Paper - 10 - Question 109

If a competitive firm doubles its output, its total revenue:

CA - CPT ICAI Model Test Paper - 10 - Question 110

In the long-run, some firms will exit the market if the price of the good offered for sale is less than:

CA - CPT ICAI Model Test Paper - 10 - Question 111

Which of the following statements abo ut price and marginal cost in competitive and monopolized markets is true?

CA - CPT ICAI Model Test Paper - 10 - Question 112

Agriculture faces the problem of:

CA - CPT ICAI Model Test Paper - 10 - Question 113

ICICI bank is a:

CA - CPT ICAI Model Test Paper - 10 - Question 114

SJSRY was launched to:

CA - CPT ICAI Model Test Paper - 10 - Question 115

If 4 farmers can do a field job which is being done by 6 farmers, this means there is:

CA - CPT ICAI Model Test Paper - 10 - Question 116

If 9 people are unemployed and 411 people are in the work force, then people in labour force are:

CA - CPT ICAI Model Test Paper - 10 - Question 117

For adult education _________ mission was launched in 1998 in India.

CA - CPT ICAI Model Test Paper - 10 - Question 118

According to the latest available data, the bed-population ratio in India is ________ per thousand population.

CA - CPT ICAI Model Test Paper - 10 - Question 119

According to the latest data (March, 2013), there are around ___________ broadband subscribers in India.

CA - CPT ICAI Model Test Paper - 10 - Question 120

The rate of inflation was lowest in _________.

CA - CPT ICAI Model Test Paper - 10 - Question 121

In the year _________, the practice of RBI lending to the government through ad hoc treasury bills was given up.

CA - CPT ICAI Model Test Paper - 10 - Question 122

TRAI is the regulatory authority for _______ in India.

CA - CPT ICAI Model Test Paper - 10 - Question 123

The FRBM Act aims at reducing gross fiscal deficit by _______% per annum.

CA - CPT ICAI Model Test Paper - 10 - Question 124

India’s postal network is the  _______ in the world.

CA - CPT ICAI Model Test Paper - 10 - Question 125

GNP at market price minus _______ is equal to GDP at market price.

CA - CPT ICAI Model Test Paper - 10 - Question 126

About 90 percent of the sick units in India are _______ units.

CA - CPT ICAI Model Test Paper - 10 - Question 127

Excise duties are levied on _______.

CA - CPT ICAI Model Test Paper - 10 - Question 128

Points outside the production possibilities curve are _______.

CA - CPT ICAI Model Test Paper - 10 - Question 129

Price theory is an important constituent of _______ Economics.

CA - CPT ICAI Model Test Paper - 10 - Question 130

For _______ goods increase in income leads to increase in demand

CA - CPT ICAI Model Test Paper - 10 - Question 131

Economic laws are essentially _______ and _______ .

CA - CPT ICAI Model Test Paper - 10 - Question 132

Inductive method is _______ based on the observation of particular facts.

CA - CPT ICAI Model Test Paper - 10 - Question 133

Questions 133 to 137 are based on 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. 

If Figure 1 represents the market for Perk (chocolates), the initial equilibrium is at the intersection of S1 and D1. The new equilibrium if there is an increase in the price of Dairy milk (chocolates) will be:

CA - CPT ICAI Model Test Paper - 10 - 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. 

In Figure 1 (which represents the market for Perk (chocolates), the initial equilibrium is at the intersection of S1 and D1. The new equilibrium if there is rapid economic growth but cost of labour producing Perk also rises:

CA - CPT ICAI Model Test Paper - 10 - 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. 

In Figure 1 (which represents the market for Perk), the initial equilibrium is at the intersection of S1 and D1. The new equilibrium if there is a health scare about the effect chocolates may have is:

CA - CPT ICAI Model Test Paper - 10 - 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. 

In Figure 1 (which represents the market for Perk), the initial equilibrium is at the intersection of S1 and D1. Assuming that there is a new technology for producing Perk, the new equilibrium:

CA - CPT ICAI Model Test Paper - 10 - 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. 

In Figure 1 (which represents the market for Perk), the initial equilibrium is at the intersection of S1 and D1. Assume that there is an increase in the productivity and at the same time the price of 5 star (chocolates) falls. The new equilibrium will be:

CA - CPT ICAI Model Test Paper - 10 - Question 138

What is the average total cost in producing 20 units, of fixed cost is Rs.5000 and average variable cost is Rs. 2/-?

CA - CPT ICAI Model Test Paper - 10 - Question 139

For producing 100 units, Total variable cost is Rs.500 & Total fixed cost is Rs.1000.Compute Average Cost.

CA - CPT ICAI Model Test Paper - 10 - Question 140

Read the following data and answer questions 140-143.

A monopolist charges Rs. 30 for his product. He notices that elasticity in market A is 2 and elasticity in market B is 5.

Q. 

What will be the Marginal Revenue in Market A?

CA - CPT ICAI Model Test Paper - 10 - Question 141

A monopolist charges Rs. 30 for his product. He notices that elasticity in market A is 2 and elasticity in market B is 5.

Q. 

What will be the Marginal Revenue in Market B?

CA - CPT ICAI Model Test Paper - 10 - Question 142

A monopolist charges Rs. 30 for his product. He notices that elasticity in market A is 2 and elasticity in market B is 5.

Q.

In which market will the monopolist charge a higher price?

CA - CPT ICAI Model Test Paper - 10 - Question 143

A monopolist charges Rs. 30 for his product. He notices that elasticity in market A is 2 and elasticity in market B is 5.

Q. 

The price discriminating monoplist will be in equilibrium when: 

CA - CPT ICAI Model Test Paper - 10 - Question 144

If in the above case, elasticity was same in both the market, the monopolist:

CA - CPT ICAI Model Test Paper - 10 - Question 145

Compute national income when population is 3 crore and per capita income is Rs. 2,000.

CA - CPT ICAI Model Test Paper - 10 - Question 146

What is the price elasticity of demand when, price changes from Rs.10 to Rs.12 and correspondingly demand changes from 6 units to 4 units?

CA - CPT ICAI Model Test Paper - 10 - Question 147

What is the new quantity demanded when price elasticity is 1 and price changes from Rs.15 to Rs.10 and the original quantity demanded was 10 units?

CA - CPT ICAI Model Test Paper - 10 - Question 148

What is the original price of a commodity when price elasticity is 0.71 and demand changes from 20 units to 15 units and the new price is Rs. 10?

CA - CPT ICAI Model Test Paper - 10 - Question 149

Read the following table and answer question number 149 -150.

Q. 

What is marginal utility when consumption increases from 4 units to 5 units? 

CA - CPT ICAI Model Test Paper - 10 - Question 150

Q. 

What is marginal utility when consumption increases from 8 units to 9 units?

CA - CPT ICAI Model Test Paper - 10 - Question 151

The correlation is said to be positive

CA - CPT ICAI Model Test Paper - 10 - Question 152

The point of intersection between the lines 3x+ 4y = 7 and 4x –y = 3 lie in the

CA - CPT ICAI Model Test Paper - 10 - Question 153

If P is a set of natural number then   is 

CA - CPT ICAI Model Test Paper - 10 - Question 154

Three coins are tossed. What is the probability of getting at least two tails?

CA - CPT ICAI Model Test Paper - 10 - Question 155

The result of ODI matches between India and Pakistan follows

CA - CPT ICAI Model Test Paper - 10 - Question 156

If in a binomial distribution mean = 20, Standard Deviation = 4 then n is equal to

CA - CPT ICAI Model Test Paper - 10 - Question 157

The difference between sample Standard Deviation and the estimate of population Standard Deviation is negligible if the sample size is

CA - CPT ICAI Model Test Paper - 10 - Question 158

Coefficient of determination is defined as

CA - CPT ICAI Model Test Paper - 10 - Question 159

Regression coefficient is independent of the change of

CA - CPT ICAI Model Test Paper - 10 - Question 160

If A and B are mutually exclusive events and P(A) = 0.3 and P(B) = 0.4, find P(A’).

CA - CPT ICAI Model Test Paper - 10 - Question 161

If y = f(x)  =  then f(y) is _______ .

CA - CPT ICAI Model Test Paper - 10 - Question 162

Value of 3P2 is _______ .

CA - CPT ICAI Model Test Paper - 10 - Question 163

In binomial distribution ‘p’ denotes probability of _______ .

CA - CPT ICAI Model Test Paper - 10 - Question 164

First deciles is the value for which one-tenth of the given observations are _______ D1 and the remaining nine-tenth observations are _______D1.

CA - CPT ICAI Model Test Paper - 10 - Question 165

_______ may be defined as the minimum value and the maximum value, the class interval may contain.

CA - CPT ICAI Model Test Paper - 10 - Question 166

In case of _______, plotted points on a scatter diagram would be equally distributed without depicting any particular pattern.

CA - CPT ICAI Model Test Paper - 10 - Question 167

CA - CPT ICAI Model Test Paper - 10 - Question 168

The colour of a flower is an example of _______ .

CA - CPT ICAI Model Test Paper - 10 - Question 169

A quantitative characteristic is known as _______ .

CA - CPT ICAI Model Test Paper - 10 - Question 170

Data collected on the weight of a group of a students after recording their weights with a weighing machine are _______.

CA - CPT ICAI Model Test Paper - 10 - Question 171

If in a binomial distribution Mean = 20, Standard Deviation = 4 then p is equal to:

CA - CPT ICAI Model Test Paper - 10 - Question 172

The variables x and y are related by 6x+ 7y = 81 and median of x is 10. What is the median of y?

CA - CPT ICAI Model Test Paper - 10 - Question 173

Find D6 for the following observations.
41, 28, 45, 25, 60, 37.5, 37.5, 40, 65, 32.5

CA - CPT ICAI Model Test Paper - 10 - Question 174

For a moderately skewed distribution of marks in statistics for a group of 100 students, the mean mark and median mark were found to be 50 and 40. What is the modal mark?

CA - CPT ICAI Model Test Paper - 10 - Question 175

If y = 5+7x and mode of x is 4, what is the mode of y?

CA - CPT ICAI Model Test Paper - 10 - Question 176

Following are the marks of 10 students :
82, 79, 56, 79, 85, 95, 55, 72, 70, 66 .
Find coefficient of range.

CA - CPT ICAI Model Test Paper - 10 - Question 177

A card is drawn from a pack of 52 cards. What is the probability that it is neither a black card nor a king?