CA - CPT ICAI Model Test Paper - 9


200 Questions MCQ Test CA CPT - Mock Test Series and Previous Year Question Papers | CA - CPT ICAI Model Test Paper - 9


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This mock test of CA - CPT ICAI Model Test Paper - 9 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 - 9 (mcq) to study with solutions a complete question bank. The solved questions answers in this CA - CPT ICAI Model Test Paper - 9 quiz give you a good mix of easy questions and tough questions. CA CPT students definitely take this CA - CPT ICAI Model Test Paper - 9 exercise for a better result in the exam. You can find other CA - CPT ICAI Model Test Paper - 9 extra questions, long questions & short questions for CA CPT on EduRev as well by searching above.
QUESTION: 1

During the lifetime of an entity, accountants prepare financial statements at arbitrary points of time as per

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QUESTION: 2

Real accounts relate to assets of the firm and not

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QUESTION: 3

Amit purchased a typewriter, for the purpose of sale, from Arvind for Rs. 8,000. This is

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QUESTION: 4

Profit leads to increase in

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QUESTION: 5

Vikas and Co. account is a

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QUESTION: 6

Depreciation arises because of

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QUESTION: 7

A promissory note does not require

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QUESTION: 8

Which of the following accounts will have credit balance?

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QUESTION: 9

Which of the following error is an error of omission?

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QUESTION: 10

Prepaid salary has a

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QUESTION: 11

The equality of debits and credits of the ________ does not mean that the individual accounts are also accurate.

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QUESTION: 12

Change in the method of depreciation is change in ________.

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QUESTION: 13

Credit balance in the cash book means ________ .

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QUESTION: 14

Sale of scrap of raw materials appearing in the trial balance are shown on the credit side of ________

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QUESTION: 15

Goodwill is a ________

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QUESTION: 16

Joint venture account is a ________.

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QUESTION: 17

Abnormal loss on consignment is credited to ________

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QUESTION: 18

When money is withdrawn from the bank, the bank ________ the account of the customer.

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QUESTION: 19

________ days of grace are allowed in case of time bills for calculating date of maturity.

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QUESTION: 20

The cash discount allowed to a customer should be credited to

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QUESTION: 21

Huge Ltd. issued 25,000 equity shares of Rs.100 each at a premium of Rs. 15 each payable as Rs. 25 on application, Rs. 40 on allotment and balance in the first call. The applications were received for 75,000 equity shares but the company issued to them only 25,000 shares.Excess money was refunded to them after adjustment for further calls. Last call on 500 shares were not received and were forfeited after due notice.  The above is the case of

Solution:
QUESTION: 22

A, B and C are partners in the firm sharing profits and losses in 5:3:2 ratio. The firm’s Balance Sheet  as on 31.3.2012 shows the Reserve balance of Rs. 25,000, Profit of the last year Rs. 50,000, Joint Life policy of Rs. 10,00,000, fixed assets of Rs. 12,00,000.On 1st June, C died and on the same date assets were revalued. The executor of the deceased partner will get along with the capital of C

Solution:
QUESTION: 23

A machine purchased on 1st January, 2008 at Rs. 15,00,000, having useful life of 15 years was depreciated on straight line basis. On 1st January, 2011, the same machine was revalued upward by Rs. 3 lacs. The amount of depreciation for the year 2011 will be

Solution:
QUESTION: 24

At the end of the accounting year, material A costing Rs. 10,000 was having net realisable value of Rs. 9,500 only, while material B costing Rs.12,000 was having a net realisable value of Rs. 13,000 in the market and material C costing Rs. 15,000 was having net realisable value of Rs. 14,000 only. The total amount of closing inventory will be

Solution:
QUESTION: 25

Atul purchased goods costing Rs. 50,000 at an invoice price, which is 50% above cost. On invoice price he enjoyed 15% trade discount and Rs. 3,750 cash discount on cash payment of goods in lump sum at the time of purchase. The purchase price to be recorded in the books before cash discount will be

Solution:
QUESTION: 26

A cheque of Rs. 35,000 received by M/s Nandini was endorsed to M/s Chandini on account of full settlement of Rs. 35,500 on 1st October, 2011. Chandini deposited the same into the bank on 4th October, 2011. In the books of M/s Chandini, the account to be debited on 1st October, 2011 will be

Solution:
QUESTION: 27

If repair cost of a building is Rs.15,000, whitewash expenses are Rs. 10,000, cost of extension of building is Rs.5,00,000 and cost of improvement in electrical wiring system is Rs. 25,000.The amount to be expensed is

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QUESTION: 28

An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered, and had been posted to the personal account of Anshul. The rectification entry will be

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QUESTION: 29

There was difference in the bank column of cash book and passbook by Rs. 2,500. On scrutiny it was found that interest of Rs. 500 charged directly by the bank was not entered in the cash book. The same was adjusted in the cashbook before reconciliation statement.Now, in the bank reconciliation statement, this interest of Rs. 500 is to be

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QUESTION: 30

Opening inventory of raw material of a manufacturing concern is Rs. 10,000, Purchase during the year is Rs. 2,00,000, Wages Rs. 50,000, Carriage Rs. 5,000, Factory overheads Rs. 1,25,000 and closing inventory of raw material is Rs. 15,000. The amount to be transferred is

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QUESTION: 31

Mr. A consigned goods costing Rs. 2,50,000 to Mr. B at an invoice price of Rs. 3,00,000. The goods were to be sold at invoice price or above. Mr. B sold some of the goods at invoice price of Rs. 2,00,000 and some at 10% above cost i.e. Rs.1,10,000. For this he gets 5% commission.The amount of commission is

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QUESTION: 32

1,000 kg of oranges are consigned to a wholesaler, the cost being Rs. 8 per kg, plus Rs. 925 of freight. It is concluded that a loss of 15% is unavoidable. The cost per kg of orange will be

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QUESTION: 33

Ajay bought goods of the value of Rs 20,000 and consigned them to Bijay to be sold by them on a joint venture, profits being divided equally. Ajay draws a bill on Bijay for an amount equivalent to 80% of cost on consignment. The amount of bill will be:

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QUESTION: 34

A machine purchased on 1.4.2009 for Rs .10,0 0,000 was depreciated on s traig ht line basis over its useful life of 10 years. On 1.4.2011, it was found that machine is in a good condition and will be used in the production for another 10 years. The amount of depreciation for the year ending 31.3.2012 will be

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QUESTION: 35

X of Kolkata sends out goods costing Rs. 1,00,000 to Y of Mumbai at cost + 25% .Consignor’s expenses Rs. 2,000. 3/5th of the goods were sold by consignee at Rs. 85,000.Commission provided will be 2% on sales + 20% on gross sales less all commission exceeding  its invoice value. Amount of total commission will be:

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QUESTION: 36

Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:

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QUESTION: 37

On 1.12.11 X draws a bill on Y “for 30 days after sight”. The date of acceptance is 8.12.11.The maturity date of the bill will be:

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QUESTION: 38

Mr. Aakash draws a bill on Mr. Yash for Rs. 30,000 on 1.1.2012 for 3 months. On 4.2.2012, Mr. Aakash got the bill discounted at 12%. The amount of discount will be:

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QUESTION: 39

On 1.6.05, X draws a bill on Y for Rs. 25,000. At maturity Y request X to accept Rs. 5,000 and noting charges incurred Rs. 100 in cash and for the balance X draws a bill on Y for 2 months at 12% p.a. Interest amount will be:

Solution:
QUESTION: 40

R, the consignor, sends out goods costing Rs. 2, 00,000 to K for sale on commission basis. Consignor’s expenses Rs.5,000. Consignee’s expenses in relation to sales  Rs. 2,000. 4/5th of the goods were sold at 20% above cost. Commission charged by K is Rs. 5000. The profit on consignment will be:

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QUESTION: 41

Ansh and Vansh enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. Ansh provides biscuits from inventory Rs. 10,000. He pays expenses amounting to Rs. 1,000. Vansh incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. Profit on venture will be

Solution:
QUESTION: 42

Prakash Ltd. is sued 15,000, 15% debentures of Rs.100 each at a premium of 10% , which are redeemable after 5 years at a premium of 20%. The amount of loss on redemption of debentures to be written off every year is

Solution:
QUESTION: 43

Varun Ltd. sends goods to his customers on Sale or Return basis by recording it as a sale at the time of sending it for approval. During 2011, Varun Ltd. send goods to customers for Rs. 1,00,000 on sale or return basis, at cost plus 33.33%. On September 2011, a letter of approval was received from a customer for Rs. 40,000. In this respect, entry will be

Solution:
QUESTION: 44

The profits of last three years are Rs. 42,000; Rs. 39,000 and Rs. 45,000. Capital employed is Rs. 4,00,000 and normal rate of return is 10%. The amount of goodwill calculated on the basis of super profit method for three years of purchase will be:

Solution:
QUESTION: 45

Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 at a discount of 10% on April 01, 2010 and the company pays interest half-yearly on June 30, and December 31, every year.  On March 31, 2012, the amount shown as “interest accrued but not paid” in the Balance Sheet will be:

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QUESTION: 46

Anny and Bunny enter into a joint venture sharing profits and losses in the ratio 1:1. Anny purchased goods costing Rs. 20,000. Bunny sold the goods for Rs. 25,000. Anny is entitled to get 1% commission on purchase and Bunny is entitled to get 5% commission on sales. The profit on venture will be:

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QUESTION: 47

A, B & C are equal partners. They wanted to change the profit sharing ratio into 4:3:2. The goodwill was valued as Rs. 90,000. The adjusting journal entry will be

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QUESTION: 48

X and Y share profits and losses in the ratio of 2:1. They take Z as a partner and the new profit sharing ratio becomes 3:2:1. Z brings Rs.4,500 as premium for goodwill.  The full value of goodwill will be:

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QUESTION: 49

Hum and Tum are partners sharing profits and losses in the ratio 5:3. On admission, Woh brings Rs. 70,000 cash and Rs. 48,000 against goodwill. New profit sharing ratio between Hum, Tum and Woh are 7:5:4. The sacrificing ratio between Hum:Tum will be:

Solution:
QUESTION: 50

Mr. Big who was the holder of 200 equity shares of Rs.100 each on which Rs.75 per share has been called up could not pay his dues on allotment and first call each at Rs. 25 per share. The Directors forfeited the above shares and reissued 150 of such shares to Mr. Small at Rs. 65 per share paid-up as Rs. 75 per share. The amount to be transferred to Capital Reserve account will be

Solution:
QUESTION: 51

A company issued 15,000, 9% preference shares of Rs.100 each at par and 2,00,000 equity shares of Rs. 10 each at 10% premium. Full amount was received from the applicants in one instalment. The net balance of securities premium account will be:

Solution:
QUESTION: 52

Anju Ltd. forfeited 300 equity shares of Rs. 10 each fully called-up, held by Manju for nonpayment of final call @ Rs. 4 each. However, she paid application money @ Rs.2 per share and allotment money @ Rs. 4 per share. These shares were originally issued at par. The amount to be credited to Share forfeiture account will be:

Solution:
QUESTION: 53

Raj, Jai and Hari are the partners sharing profits in the ratio 7:5:4. Hari died on 30th June, 2012 and profits for the accounting year 2011-2012 were Rs. 24,000. How much share in profits for the period 1st April, 2012 to 30th June, 2012 will be credited to Hari’s Account.

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QUESTION: 54

10,000 equity shares of Rs. 10 each were issued to public at a premium of Rs.2 per share.Applications were received for 12,000 shares. Amount of securities premium account will be

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QUESTION: 55

A company offers to the public 10,000 shares for subscription. The company receives application for 12,000 shares. If the shares are allotted on pro-rata basis, then applicants for 12,000 shares are to be allotted as

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QUESTION: 56

The Board of Directors of a company decides to issue minimum number of equity shares of Rs. 9 each at par to redeem Rs. 5,00,000 preference shares. The maximum amount of divisible profits available for redemption is Rs. 3,00,000. The number of shares to be issued by the company will be

Solution:
QUESTION: 57

Rich Ltd. had 3,000, 12% Redeemable preference shares of Rs. 100 each, fully paid-up. The company issued 25,000 equity shares of Rs. 10 each at par and 1,000 14% debentures of Rs. 100 each. All amounts were received in full. The payment was made in full. The amount to be transferred to Capital Redemption Reserve Account is

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QUESTION: 58

Koina Ltd. issued 15,00,000, 12% debentures of Rs. 50 each at premium of 10% payable as Rs. 20 on application and balance on allotment. Debentures are redeemable at par after 6 years. All the money due on allotment was called up and received. The amount of premium will be

Solution:
QUESTION: 59

G Ltd. purchased land and building from H Ltd. for a book value of Rs. 2,00,000. The consideration was paid by issue of 12% Debentures of Rs. 100 each at a discount of 20%.The debentures account is credited with

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QUESTION: 60

Win Ltd. issued 20,000, 8% debentures of Rs.10 each at par, which are redeemable after 5 years at a premium of 20%. The amount of loss on redemption of debentures to be written off every year will be

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QUESTION: 61

A partner is entitled to claim interest on advances made by him to the firm at the rate of :

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QUESTION: 62

Which of the following is correct:

Solution:
QUESTION: 63

The heir of the deceased partner

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QUESTION: 64

Where a partnership is at will, there the firm may be dissolved by :

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QUESTION: 65

The following are goods as per the Sale of Goods Act, 1930:

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QUESTION: 66

An unpaid seller loses the right of lien under the following circumstances:

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QUESTION: 67

Essentials involved in appropriation of the goods are

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QUESTION: 68

Which of the following is not correct:

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QUESTION: 69

State which of the following is correct:

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QUESTION: 70

One person can contract with himself or with himself and others jointly

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QUESTION: 71

The cardinal principle of partnership law implies that

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QUESTION: 72

Prima facie evidence of existence of partnership is :

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QUESTION: 73

Silent is fraudulent in the following cases:

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QUESTION: 74

Right to bid in case of an auction sale, may be reserved by

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QUESTION: 75

The features of a Quasi Contract are as follows:

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QUESTION: 76

The court may order for specific performance of the contract in case of breach of contract of sale by seller only when:

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QUESTION: 77

The test of good faith as provided in ‘expulsion of the partner’ in the Indian Partnership Act, 1932 requires the following:

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QUESTION: 78

Where the buyer repudiates the contract before the date of delivery, there the seller may treat such contract as:

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QUESTION: 79

The following are the essential elements which need to co-exist in order to make a valid contract:

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QUESTION: 80

The essential elements of a partnership __________.

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QUESTION: 81

In case of bailment, __________.

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QUESTION: 82

There are __________  kinds of delivery.

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QUESTION: 83

Passing of property constitutes the most important element to decide:

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QUESTION: 84

A registered firm cannot claim a set off exceeding the __ __ __ __ __ _ in a proceeding instituted against the firm or any partner thereof.

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QUESTION: 85

In case of an agreement to sell, the ownership in the goods remains with __________.

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QUESTION: 86

When two parties exchange identical offers in ignorance at the time of each other’s offer, the offers are called __________.

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QUESTION: 87

Goods which are to be manufactured or produced or acquired by the seller after making the contract of sale are known as __________.

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QUESTION: 88

A person who is mentally deranged due to some mental strain or other personal experience and suffers from intermittent intervals of sanity and insanity is __________.

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QUESTION: 89

Expulsion of a partner, which is not in accordance with provisions of the Indian Partnership Act, 1932 is __________.

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QUESTION: 90

The provisions relating to passing of property in case of goods sent on approval or ‘on sale or return’ basis is dealt in the __________ .

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QUESTION: 91

Dissolution of partnership means ________.

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QUESTION: 92

If the buyer is insolvent, ________.

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QUESTION: 93

There can be a stranger to a consideration but not a stranger to a contract signifies that a consideration may move from ________.

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QUESTION: 94

A Hindu widow bo rro wed money from a lender for the purpose o f filing a s uit for maintenance. The lender advanced money at 100 percent rate of interest. The act of the money lender is induced by ________.

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QUESTION: 95

The law dealing with the partnerships is contained in ________.

Solution:
QUESTION: 96

When performance of promise becomes impossible or illegal by occurrence of an unexpected event or change of circumstances beyond the contemplation of parties, the contract becomes void. The situation is dealing with ________.

Solution:
QUESTION: 97

X, Y, Z are partners in a firm and X becomes insolvent. Then ________.

Solution:
QUESTION: 98

A contingent contract is ________.

Solution:
QUESTION: 99

Arun had deposited a bag in the cloak Room of a railway station by paying Rs. 50/. On the face of the ticket, issued to him. were inscribed “see reverse for terms & conditions”.Clause 10 of the printed Terms & Conditions limited the liability of the company for loss of a baggage to Rs. 100/-. The bag was lost and Arun claimed Rs. 650/- as its value.

Solution:
QUESTION: 100

A and B become partners for 16 years. A pays B a premium of Rs. 5,000/-. At the end of 8 years there is dispute between A and B and they declare a dissolution.

Solution:
QUESTION: 101

Which of the following statements is incorrect?

Solution:
QUESTION: 102

Which of the following is correct?

Solution:
QUESTION: 103

With the same amount of resources, a farmer can feed the following combinations of goats and horses:

Given the option available with him, what is the opportunity cost to the farmer of feeding one horse?

Solution:
QUESTION: 104

A drought in India leads to unusually low level of wheat production. This would lead to a rise in the price of wheat and fall in the quantity of wheat demanded due to:

Solution:
QUESTION: 105

If the elasticity of demand for a commodity is perfectly inelastic then which of the following is incorrect?

Solution:
QUESTION: 106

If a good has price elasticity greater than one then:

Solution:
QUESTION: 107

The law of diminishing returns implies that:

Solution:
QUESTION: 108

Which of the following is correct?

Solution:
QUESTION: 109

You are given the following data:

Solution:
QUESTION: 110

Which of the following statements is incorrect?

Solution:
QUESTION: 111

Which of the following involve a trade-off?

Solution:
QUESTION: 112

When some people in a society are unwilling to work at the prevailing wage rate and there are people who have income from property or some other sources and need not work, such people are:

Solution:
QUESTION: 113

If out of 100 people in the labour force, 92 are in the work force, the number of people unemployed is:

Solution:
QUESTION: 114

NIXI stands for:

Solution:
QUESTION: 115

If demand for goods and services is more than their supply, the resultant inflation is:

Solution:
QUESTION: 116

GINI index measures:

Solution:
QUESTION: 117

Trade-offs are required because wants are unlimited and resources are _______.

Solution:
QUESTION: 118

If an increase in the price of blue jeans leads to anincrease in the demand for tennis shoes, then blue jeans and tennis shoes are _________.

Solution:
QUESTION: 119

Consumer surplus is the area _________.

Solution:
QUESTION: 120

A rational person does not act unless _________.

Solution:
QUESTION: 121

Suppose you find Rs 100. If you choose to use Rs.100 to go to a football match, your opportunity cost of going to the game is _________.

Solution:
QUESTION: 122

If a fisherman must sell all of his daily catch before it spoils for whatever price he is offered, once the fish are caught the fisherman’s price elasticity of supply for fresh fish is _________.

Solution:
QUESTION: 123

If consumers always spend 15 percent of their income on food, then the income elasticity of demand for food is _________.

Solution:
QUESTION: 124

If marginal revenue exceeds marginal cost, a monopolist should _________.

Solution:
QUESTION: 125

A market structure in which many firms sell products that are similar but not identical is known as

Solution:
QUESTION: 126

Net national product at market price minus net indirect taxes is equal to _________.

Solution:
QUESTION: 127

Estate duty was levied on the _________.

Solution:
QUESTION: 128

_________ countries are more subject to cyclical fluctuations.

Solution:
QUESTION: 129

India has a _________ income tax system.

Solution:
QUESTION: 130

Electricity generated from water is called _________.

Solution:
QUESTION: 131

Over the years the number of cancer cases has _________.

Solution:
QUESTION: 132

Quantitative restrictions on _________ items were removed in the EXIM Policy of 2001-02.

Solution:
QUESTION: 133

Read Figure 1 and answer questions 133-136.

Q. 

Refer to Figure 1, if the economy is operating at point C, the opportunity cost of producing an additional 15 units of bacon is

Solution:
QUESTION: 134

Q.

Refer to Figure 1, if the economy was operating at E:

Solution:
QUESTION: 135

Q.

If the economy moves from point A to point D in Figure 1 then:

Solution:
QUESTION: 136

Point F in figure 1 represents:

Solution:
QUESTION: 137

Which of the following represents a movement towards better utilisation of existing resources?

Solution:
QUESTION: 138

Suppose that the price of a new bicycle is Rs. 200. Natalie values a new bicycle at Rs. 400.What is the value of total consumer surplus if Natalie buys a new bike?

Solution:
QUESTION: 139

Suppose that at a price of Rs. 300 per month, there are 30,000 subscribers to cable television in Small Town. If Small Town Cablevision raises its price to Rs. 400 per month, the number of subscribers will fall to 20,000. Using the arc elasticity (midpoint) method for calculating the elasticity, what is the price elasticity of demand for cable TV in Small Town?

Solution:
QUESTION: 140

If a buyer’s willingness to pay for a new car is Rs. 200,000 and she is able to actually buy it for Rs.1,80,000 her consumer surplus is

Solution:
QUESTION: 141

Suppose there are three identical vases available to be purchased. Buyer 1 is willing to pay Rs. 30 for one, buyer 2 is willing to pay Rs. 25 for one, and buyer 3 is willing to pay Rs. 20 for one. If the price is Rs. 25, how many vases will be sold and what is the value of consumer surplus in this market?

Solution:
QUESTION: 142

Read the following paragraph and answer questions 142-145

Nicole owns a small pottery factory. She can make 1,000 pieces of pottery per year and sell them for Rs. 100 each. It costs Nicole Rs. 20,000 for the raw materials to produce the 1,000 pieces of pottery. She has invested Rs. 1,00,000 in her factory and equipment: Rs. 50,000 from her savings and Rs. 50,000 borrowed at 10 percent. (Assume that she could have loaned her money out at 10 per cent, too.) Nicole can work at a competing pottery factory for Rs. 40,000 per year.

Q. 

The accounting cost at Nicole’s pottery factory is:

Solution:
QUESTION: 143

Nicole owns a small pottery factory. She can make 1,000 pieces of pottery per year and sell them for Rs. 100 each. It costs Nicole Rs. 20,000 for the raw materials to produce the 1,000 pieces of pottery. She has invested Rs. 1,00,000 in her factory and equipment: Rs. 50,000 from her savings and Rs. 50,000 borrowed at 10 percent. (Assume that she could have loaned her money out at 10 per cent, too.) Nicole can work at a competing pottery factory for Rs. 40,000 per year.

Q. 

The economic cost at Nicole’s factory is:

Solution:
QUESTION: 144

Nicole owns a small pottery factory. She can make 1,000 pieces of pottery per year and sell them for Rs. 100 each. It costs Nicole Rs. 20,000 for the raw materials to produce the 1,000 pieces of pottery. She has invested Rs. 1,00,000 in her factory and equipment: Rs. 50,000 from her savings and Rs. 50,000 borrowed at 10 percent. (Assume that she could have loaned her money out at 10 per cent, too.) Nicole can work at a competing pottery factory for Rs. 40,000 per year.

Q. 

The accounting profit at Nicole’s pottery factory is: 

Solution:
QUESTION: 145

Nicole owns a small pottery factory. She can make 1,000 pieces of pottery per year and sell them for Rs. 100 each. It costs Nicole Rs. 20,000 for the raw materials to produce the 1,000 pieces of pottery. She has invested Rs. 1,00,000 in her factory and equipment: Rs. 50,000 from her savings and Rs. 50,000 borrowed at 10 percent. (Assume that she could have loaned her money out at 10 per cent, too.) Nicole can work at a competing pottery factory for Rs. 40,000 per year.

Q. 

The economic profit at Nicole’s factory is:

Solution:
QUESTION: 146

Read the following table and answer questions 146-150.

Mr. X and Co. operates in a perfectly competitive market. He sells his product at Rs. 8 per unit. His fixed costs are Rs. 100. His other costs are given below.

What is Mr. X and Co.’s total cost when 4 units are produced?

Solution:
QUESTION: 147

When Mr. X and Co.’s production increases from 5 to 6 units, his marginal cost becomes?

Solution:
QUESTION: 148

The average fixed cost of producing 4 units is:

Solution:
QUESTION: 149

The average total cost of producing 6 units is:

Solution:
QUESTION: 150

When will Mr X and Co. maximize profits?

Solution:
QUESTION: 151

Factor reversal test is satisfied by

Solution:
QUESTION: 152

Laspeyre’s index is based on

Solution:
QUESTION: 153

The mean and mode of a normal distribution

Solution:
QUESTION: 154

Two cards are drawn from a well shuffled pack of 52 cards. Find the probability that they are both kings if the first is replaced.

Solution:
QUESTION: 155

A pair of dice is thrown and sum of the numbers on the two dice comes to be 7. What is the probability that the number 3 has come on one of the dice?

Solution:
QUESTION: 156

If in binomial distribution np = 6 and npq = 3, then p is equal to

Solution:
QUESTION: 157

P10 is the index for time

Solution:
QUESTION: 158

Find value of   if y = xx

Solution:
QUESTION: 159

Compute the value of 

Solution:
QUESTION: 160

Two variables x and y are related by 7x + 7y + 13 = 0 and

Solution:
QUESTION: 161

We use t-distribution when samples are drawn from the ______ population.

Solution:
QUESTION: 162

________ is uniparametric distribution.

Solution:
QUESTION: 163

First quartile is the value for which one–fourth of the observations are ________Q1 and the remaining three–fourths observations are ________Q1.

Solution:
QUESTION: 164

A variable is known to be ________ if it can assume any value from a given interval.

Solution:
QUESTION: 165

________ is the entire upper part of the table which includes columns and sub–column numbers, unit(s) measurement.

Solution:
QUESTION: 166

________ is the left part if the table providing the description of the rows.

Solution:
QUESTION: 167

In case of a ________, plotted points on a scatter diagram concentrate from upper left to lower right.

Solution:
QUESTION: 168

50% of actual values will be below &  50% of values will be above ________.

Solution:
QUESTION: 169

The correlation between Employment and Purchasing power is ________.

Solution:
QUESTION: 170

Data collected on sex ratio from the census reports are ________.

Solution:
QUESTION: 171

What is the median for the following observations 6,10,15,16,20,5,8?

Solution:
QUESTION: 172

The variables x and y are related by 2x+ 3y = 6 and median of x is 2. What is the median of y?

Solution:
QUESTION: 173

Find D6 for the following observations:
7, 9, 5, 4, 10, 15, 14, 18, 6, 20

Solution:
QUESTION: 174

Refer following table:
Frequency distribution of weights of 16 students

Find Relative frequency for the second class interval?

Solution:
QUESTION: 175

If the coefficient of correlation between two variables is –0.4 , then the coefficient of determination is

Solution:
QUESTION: 176

If the coefficient of correlation between two variables is 0.7, then the percentage of variation unaccounted for is

Solution:
QUESTION: 177

A bag contains 5 red and 3 yellow balls. Two balls are drawn at random one after the other without replacement. The probability that both balls drawn are yellow is

Solution:
QUESTION: 178

The common ratio of the G.P.  2,–6, 18, –54 is

Solution:
QUESTION: 179

The integral of  will be

Solution:
QUESTION: 180

How many numbers greater than 2000 can be formed with the digits 1, 2,3,4,5 with each digit distinct?

Solution:
QUESTION: 181

If A = (1, 2, 3, 5, 7)  and B= (1, 3, 6, 10, 15) cardinal number of A-B is

Solution:
QUESTION: 182

Let p = x3 log x, so what is the value of