All India CA Foundation Group
Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001. On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.
Q. The current cost of the machinery is:... more
Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001. On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.
Q. The current cost of the machinery is:
Q. The current cost of the machinery is:
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Deepika Desai answered • 55 minutes ago |
Understanding Current Cost of Machinery
Mohan purchased a machinery for Rs. 10,00,000 in 2001. To determine the current cost of the machinery in 2011, we need to evaluate the information provided.
Key Information
- Original Purchase Price: Rs. 10,00,000 (1st April 2001)
- Cost of Similar Machinery (2011): Rs. 20,00,000
- Realizable Value of E... more
Mohan purchased a machinery for Rs. 10,00,000 in 2001. To determine the current cost of the machinery in 2011, we need to evaluate the information provided.
Key Information
- Original Purchase Price: Rs. 10,00,000 (1st April 2001)
- Cost of Similar Machinery (2011): Rs. 20,00,000
- Realizable Value of E... more
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Himanshu Joshi
asked a question
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Consider the following information:
I. Rate of depreciation under the written down method = 20%.
II. Original cost of the asset = Rs. 1,00,000.
III. Residual value of the asset at the end of useful life = Rs. 40,960.
The estimated useful life of the asset, in years, is- a)4 years
- b)5 years
- c)6 years
- d)7 years
Correct answer is option 'A'. Can you explain this answer?
Consider the following information:
I. Rate of depreciation under the written down method = 20%.
II. Original cost of the asset = Rs. 1,00,000.
III. Residual value of the asset at the end of useful life = Rs. 40,960.
The estimated useful life of the asset, in years, is
I. Rate of depreciation under the written down method = 20%.
II. Original cost of the asset = Rs. 1,00,000.
III. Residual value of the asset at the end of useful life = Rs. 40,960.
The estimated useful life of the asset, in years, is
a)
4 years
b)
5 years
c)
6 years
d)
7 years
Study of the problem of poverty denotes that economics is—- a)both a science and an art
- b)an art
- c)a science
- d)neither a science nor an art
Correct answer is option 'A'. Can you explain this answer?
Study of the problem of poverty denotes that economics is—
a)
both a science and an art
b)
an art
c)
a science
d)
neither a science nor an art
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Raghav Ghoshal answered • yesterday |
Understanding Economics as Both a Science and an Art
The statement that economics is both a science and an art arises from the multifaceted nature of the discipline. Here’s a detailed exploration of why this is the correct perspective:
1. Economics as a Science
- Empirical Foundations: Economics employs scientific methods to analyze data, test hypotheses, and de... more
The statement that economics is both a science and an art arises from the multifaceted nature of the discipline. Here’s a detailed exploration of why this is the correct perspective:
1. Economics as a Science
- Empirical Foundations: Economics employs scientific methods to analyze data, test hypotheses, and de... more
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Arulmozhi . K
asked a question
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Which of the following is not correct about capitalistic system—- a)Too much of waste due to cut throat competition
- b)There is right of private property.
- c)Conditions are not favourable for equitable distribution of wealth.
- d)There is central planning authority.
Correct answer is option 'D'. Can you explain this answer?
Which of the following is not correct about capitalistic system—
a)
Too much of waste due to cut throat competition
b)
There is right of private property.
c)
Conditions are not favourable for equitable distribution of wealth.
d)
There is central planning authority.
Which of the following statements is true?- a)A debenture holder is an owner of the company
- b)A debenture holder can get his money back only on the liquidation of the company
- c)A debenture issued at a discount can be redeemed at a premium
- d)A debenture holder receives interest only in the event of profits
Correct answer is option 'C'. Can you explain this answer?
Which of the following statements is true?
a)
A debenture holder is an owner of the company
b)
A debenture holder can get his money back only on the liquidation of the company
c)
A debenture issued at a discount can be redeemed at a premium
d)
A debenture holder receives interest only in the event of profits
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Devanshi Rane answered • 2 days ago |
Understanding Debentures
Debentures are a type of debt instrument that companies use to raise capital. They are essentially loans made by investors to the company, and in return, the company promises to pay interest and return the principal amount at maturity.
Explanation of the Correct Answer - Option C
The correct answer is option 'C': "A debenture issued at a discou... more
Debentures are a type of debt instrument that companies use to raise capital. They are essentially loans made by investors to the company, and in return, the company promises to pay interest and return the principal amount at maturity.
Explanation of the Correct Answer - Option C
The correct answer is option 'C': "A debenture issued at a discou... more
If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :
- a)7
- b)4
- c)3
- d)9
Correct answer is option 'B'. Can you explain this answer?
If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :
a)
7
b)
4
c)
3
d)
9
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Qudrat Chauhan answered • 3 days ago |
Let L = base year price (same for both commodities)
Laspeyre’s Index (LPI):
LPI = [(2 × 10) + (P × 5)] / [L × 10 + L × 5] × 100
⇒ LPI = (20 + 5P) / (15L) × 100
LPI = [(2 × 10) + (P × 5)] / [L × 10 + L × 5] × 100
⇒ LPI = (20 + 5P) / (15L) × 100
Paasche’s Index (PPI):
PPI = [(2 × 5) + (P × 2)] / [L × 5 + L × 2] × 100
⇒ PPI = (10 + 2P) / (7L) × 100
PPI = [(2 × 5) + (P × 2)] / [L × 5 + L × 2] × 100
⇒ PPI = (10 + 2P) / (7L) × 100
Given: LPI / PPI = 28 / 27
Substitute values:
[(20 + 5P)/15L] ÷ [(10 + 2P)/7L] = 28/27
⇒ (20 + 5P)/15 × 7/(10 + 2P) = 28/27
Cross-multiply:
(20 + 5P) × 7 × 27 = 15 × (10 + 2P) × 28
Left: 189 × (20 + 5P) = 3780 + 945P
Right: 15 × 28 × (10 + 2P) = 4200 + 840P
Right: 15 × 28 × (10 + 2P) = 4200 + 840P
Now, equate both sides:
3780 + 945P = 4200 + 840P
105P = 420 → P = 4
Final Answer: b) 4
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Venkata Gnaneswari
asked a question
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Doctrine of privity of contract means:- a)Third party can sue upon a contract
- b)Consideration must move at the desire of promisor
- c)Consideration may move from promisee or any other person
- d)Consideration is valid when it moves at desire of promisor
Correct answer is option 'A'. Can you explain this answer?
Doctrine of privity of contract means:
a)
Third party can sue upon a contract
b)
Consideration must move at the desire of promisor
c)
Consideration may move from promisee or any other person
d)
Consideration is valid when it moves at desire of promisor
A’s mother is sister of B and she has a daughter C, who is 21 years old. How is B related to C?
(a) Uncle
(b) Maternal Uncle
(c) Niece
(d) Daughter?
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Vaishnavi Joshi answered • 6 days ago |
Understanding Relationships
To determine how B is related to C, let's break down the relationships mentioned in the scenario.
Family Dynamics
- A’s mother is the sister of B. This means B is A's maternal uncle or aunt (since the gender of B isn't specified).
- A has a daughter named C, who is 21 years old.
Analyzing B's Relation to C
- Given that... more
To determine how B is related to C, let's break down the relationships mentioned in the scenario.
Family Dynamics
- A’s mother is the sister of B. This means B is A's maternal uncle or aunt (since the gender of B isn't specified).
- A has a daughter named C, who is 21 years old.
Analyzing B's Relation to C
- Given that... more
Public goods are characterized by:
(a) Excludability and rivalry
(b) Excludability and non-rivalry
(c) Non-excludability and rivalry
(d) Non-excludability and non-rivalry?
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Mrinalini Iyer answered • 1 week ago |
Definition of Public Goods
Public goods are essential resources provided to the public without direct payment. They are characterized by two main features: non-excludability and non-rivalry.
Key Characteristics
Public goods are essential resources provided to the public without direct payment. They are characterized by two main features: non-excludability and non-rivalry.
Key Characteristics
- Non-excludability: It is not possible to prevent individuals from using the good. Once the good is available, everyone can access it, regardless
Which type of investment is more influenced by government regulations and
policies?
(a) FDI
(b) FPI
(c) Both FDI and FPI equally
(d) Neither FDI nor FPI?
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Vaishnavi Gupta answered • 1 week ago |
Influence of Government Regulations on Investments
When comparing Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI), it is clear that FDI is more influenced by government regulations and policies.
Understanding FDI and FPI
- FDI refers to investments made by a company or individual in one country in business interests in another country, typically... more
When comparing Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI), it is clear that FDI is more influenced by government regulations and policies.
Understanding FDI and FPI
- FDI refers to investments made by a company or individual in one country in business interests in another country, typically... more
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Sai Dey
asked a question
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Direction: Study the following information carefully and answer the below questions
In a family of seven members, there are two married couples. Nobody has any grandchildren. The gender of X and R are the same. V is the brother-in-law of R who is the son of K. K has two children. M is the sister-in-law of L who is the daughter-in-law of Z. X and Z area married couple. The gender of Z and K are the same.
Q. How Z is related to M?
... more
Direction: Study the following information carefully and answer the below questions
In a family of seven members, there are two married couples. Nobody has any grandchildren. The gender of X and R are the same. V is the brother-in-law of R who is the son of K. K has two children. M is the sister-in-law of L who is the daughter-in-law of Z. X and Z area married couple. The gender of Z and K are the same.
Q. How Z is related to M?
Which type of investment is more influenced by government regulations and policies? (a) FDI (b) FPI (c) Both FDI and FPI equally (d) Neither FDI nor FPI?
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Disha Joshi answered • 1 week ago |
Understanding FDI and FPI
Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) are two primary forms of investment that differ significantly in their nature and influence by government regulations.
Impact of Government Regulations on FDI
- FDI involves substantial investment in physical assets or businesses in a foreign country.
- Governments oft... more
Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) are two primary forms of investment that differ significantly in their nature and influence by government regulations.
Impact of Government Regulations on FDI
- FDI involves substantial investment in physical assets or businesses in a foreign country.
- Governments oft... more
If a country's Gross Domestic Product (GDP) is greater than its Gross National
Product (GNP), it implies that the country:
(a) Is a net exporter.
(b) Is a net importer.
(c) Has a trade surplus
(d... more
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Ruchi Mishra answered • 1 week ago |
Understanding GDP and GNP
Gross Domestic Product (GDP) measures the total value of all goods and services produced within a country's borders, regardless of whether the production is carried out by domestic or foreign entities. In contrast, Gross National Product (GNP) measures the total income earned by a nation's residents, including income earned abroad, minus income earned by forei... more
Gross Domestic Product (GDP) measures the total value of all goods and services produced within a country's borders, regardless of whether the production is carried out by domestic or foreign entities. In contrast, Gross National Product (GNP) measures the total income earned by a nation's residents, including income earned abroad, minus income earned by forei... more
If a country's Gross Domestic Product (GDP) is greater than its Gross National Product (GNP), it implies that the country: (a) Is a net exporter. (b) Is a net importer. (c) Has a trade surplus (d) Has a trade deficit?
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Ankita Mukherjee answered • 1 week ago |
Understanding GDP and GNP
Gross Domestic Product (GDP) measures the total economic output within a country's borders, while Gross National Product (GNP) measures the total economic output produced by the residents of a country, regardless of where the production occurs. The relationship between GDP and GNP provides insights into a country's economic activities.
Implication of G... more
Gross Domestic Product (GDP) measures the total economic output within a country's borders, while Gross National Product (GNP) measures the total economic output produced by the residents of a country, regardless of where the production occurs. The relationship between GDP and GNP provides insights into a country's economic activities.
Implication of G... more
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Ruchita Kakde
asked a question
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If good growing conditions increases the supply of strawberries and hot weather increases the demand for strawberries, the quantity of strawberries bought- a)increases and the price might rise, fall or not change
- b)doesn’t change but the price rises
- c)doesn’t change but the price falls
- d)increases and the price rises
Correct answer is option 'A'. Can you explain this answer?
If good growing conditions increases the supply of strawberries and hot weather increases the demand for strawberries, the quantity of strawberries bought
a)
increases and the price might rise, fall or not change
b)
doesn’t change but the price rises
c)
doesn’t change but the price falls
d)
increases and the price rises
If a company makes bonus issue at 2:3 then it means- a)For every two shares three bonus shares will be allotted
- b)For every three shares two bonus shares will be allotted
- c)For every Eve shares three bonus shares will be allotted
- d)For every five shares two bonus shares will be allotted
Correct answer is option 'B'. Can you explain this answer?
If a company makes bonus issue at 2:3 then it means
a)
For every two shares three bonus shares will be allotted
b)
For every three shares two bonus shares will be allotted
c)
For every Eve shares three bonus shares will be allotted
d)
For every five shares two bonus shares will be allotted
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Niharika Datta answered • 2 weeks ago |
Understanding Bonus Issues
A bonus issue, also known as a scrip issue or capitalization issue, refers to a company issuing additional shares to its current shareholders without any cost. This generally happens when a company wants to reward its shareholders by distributing profits without actually paying cash.
Bonus Issue Ratio Explained
When a company announces a bonu... more
A bonus issue, also known as a scrip issue or capitalization issue, refers to a company issuing additional shares to its current shareholders without any cost. This generally happens when a company wants to reward its shareholders by distributing profits without actually paying cash.
Bonus Issue Ratio Explained
When a company announces a bonu... more
Out of 2000 employees in an office 48% is preferred coffee 54% is like tea and the 64% is used to smoke out of the total 28% is used coffee and tea 32% is used t and smoke and 30% is preferred coffee and smoke and 6% did none... more
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Lakshmi Kumar answered • 2 weeks ago |
Understanding the Problem
To solve the problem, we need to analyze the preferences of the employees regarding coffee, tea, and smoking. We have the following data:
- Total employees: 2000
- Coffee preference: 48% (960 employees)
- Tea preference: 54% (1080 employees)
- Smoking preference: 64% (1280 employees)
- Coffee and tea: 28% (560 employees)
- Tea and... more
To solve the problem, we need to analyze the preferences of the employees regarding coffee, tea, and smoking. We have the following data:
- Total employees: 2000
- Coffee preference: 48% (960 employees)
- Tea preference: 54% (1080 employees)
- Smoking preference: 64% (1280 employees)
- Coffee and tea: 28% (560 employees)
- Tea and... more
Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)
Q. Then weighted average of price Relative Index is : - a)125.43
- b)123.3
- c)124.53
- d)124.52
Correct answer is option 'B'. Can you explain this answer?
Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)
Q. Then weighted average of price Relative Index is :
a)
125.43
b)
123.3
c)
124.53
d)
124.52
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Qudrat Chauhan answered • 2 weeks ago |
Objective:
Calculate the CPI for 1985 using the weighted average of price relatives method.
- Base year (1984) CPI = 100
- Weights are given for each item.
Q.14 A man purchased a house valued at Rs. 300000. He paid Rs. 200000 at the time of purchase and agreed to pay the balance with interest at 12% per annum compounded half yearly in 20 equal half yearly instalments. If the first instalment is paid after six months form the date of purchase then the amount of each instalment is[Given log 10.6 = 1.0253 and log 31.19 = 1.494]- a)Rs. 8719.66
- b)Rs. 8769.21
- c)Rs. 7893.13
- d)None of these.
Correct answer is option 'A'. Can you explain this answer?
Q.14 A man purchased a house valued at Rs. 300000. He paid Rs. 200000 at the time of purchase and agreed to pay the balance with interest at 12% per annum compounded half yearly in 20 equal half yearly instalments. If the first instalment is paid after six months form the date of purchase then the amount of each instalment is[Given log 10.6 = 1.0253 and log 31.19 = 1.494]
a)
Rs. 8719.66
b)
Rs. 8769.21
c)
Rs. 7893.13
d)
None of these.
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Qudrat Chauhan answered • 2 weeks ago |
Step 1: Use the installment formula (ordinary annuity)
The formula is:
P = A × [(1 - (1 + i)-n) ÷ i]
Where:
- P = Rs. 100,000
- i = 0.06
- n = 20
Which of the following elasticity of demand measures a movement along the demand curve rather than a shift in the curve?- a)Income elasticity of demand
- b)Price elasticity of demand
- c)Substitution elasticity of demand
- d)None of these.
Correct answer is option 'B'. Can you explain this answer?
Which of the following elasticity of demand measures a movement along the demand curve rather than a shift in the curve?
a)
Income elasticity of demand
b)
Price elasticity of demand
c)
Substitution elasticity of demand
d)
None of these.
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Qudrat Chauhan answered • 2 weeks ago |
The correct answer is:
b) Price elasticity of demand
Explanation:
- Price elasticity of demand measures the percentage change in quantity demanded due to a percentage change in price. This involves a movement along the demand curve (e.g., when price falls, quantity demanded rises, and vice versa).
Why Not the Others?
- a) Income elasticity of demand: Measures how demand changes with income, causing a shift in the demand curve (not movement along it).
- c) Substitution elasticity of demand: Refers to how demand for a good changes when the price of a substitute good changes, also leading to a shift in the demand curve.
Key Distinction:
- Movement along the curve = Price changes (Price Elasticity).
- Shift of the curve = Non-price factors (Income, Substitutes, Preferences).
Answer: (b) Price elasticity of demand
If the Simple Interest on Rs.1,400 for 3 years is less than the simple interest on Rs.1,800 for the same period by Rs.80, then the rate of interest is - a)5.67%
- b)6.67%
- c)7.20%
- d)5.00%
Correct answer is option 'B'. Can you explain this answer?
If the Simple Interest on Rs.1,400 for 3 years is less than the simple interest on Rs.1,800 for the same period by Rs.80, then the rate of interest is
a)
5.67%
b)
6.67%
c)
7.20%
d)
5.00%
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Qudrat Chauhan answered • 2 weeks ago |
Step 1: Use the Simple Interest Formula
Simple Interest (SI) = (P × R × T) ÷ 100
We are given that the difference in SI is Rs. 80. So:
SI on P2 - SI on P1 = 80
... more
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Muskan Bansal
asked a question
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When income increases the money spent on necessaries of life may not increase in the same proportion, This means- a)income elasticity of demand is zero
- b)income elasticity of demand is one
- c)income elasticity of demand is greater than one
- d)income elasticity of demand is less than one
Correct answer is option 'D'. Can you explain this answer?
When income increases the money spent on necessaries of life may not increase in the same proportion, This means
a)
income elasticity of demand is zero
b)
income elasticity of demand is one
c)
income elasticity of demand is greater than one
d)
income elasticity of demand is less than one
What principle will amount to Rs.370 in 6 years at 8% p.a. at simple interest?- a)Rs.210
- b)Rs.250
- c)Rs.310
- d)Rs.350
Correct answer is option 'B'. Can you explain this answer?
What principle will amount to Rs.370 in 6 years at 8% p.a. at simple interest?
a)
Rs.210
b)
Rs.250
c)
Rs.310
d)
Rs.350
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Qudrat Chauhan answered • 2 weeks ago |
Step 1: Use the Simple Interest Formula
The formula is:
A = P + SI
A = P + SI
And,
SI = (P × R × T) ÷ 100
... moreSI = (P × R × T) ÷ 100
Division of Rs. 750 into 3 parts in the ratio 4:5:6 is - a)(200, 250, 300)
- b)(250, 250, 250)
- c)(350, 250, 150)
- d)none of these
Correct answer is option 'A'. Can you explain this answer?
Division of Rs. 750 into 3 parts in the ratio 4:5:6 is
a)
(200, 250, 300)
b)
(250, 250, 250)
c)
(350, 250, 150)
d)
none of these
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Qudrat Chauhan answered • 2 weeks ago |
Step 1: Set up the equation
The sum of the parts in the ratio is:
4x + 5x + 6x = 750
Combine the terms:
15x = 750
4x + 5x + 6x = 750
Combine the terms:
15x = 750
Step 2: Solve for x
Divide both sides by 15:
x = 750 / 15 = 50
x = 750 / 15 = 50
Step 3: Calculate each part
- First part: 4x = 4 × 50 = 200
- Second part: 5x = 5 × 50 = 250
- Third part: 6x = 6 × 50 = 300
So, the three parts are Rs. 200, Rs. 250, and Rs. 300.
Step 4: Verify the total
200 + 250 + 300 = 750, which matches the given total.
Step 5: Check the ratio
The ratio of the parts 200:250:300 simplifies to:
200 / 50 = 4, 250 / 50 = 5, 300 / 50 = 6, which is indeed 4:5:6.
200 / 50 = 4, 250 / 50 = 5, 300 / 50 = 6, which is indeed 4:5:6.
Step 6: Match with the options
- a) (200, 250, 300): Matches our result exactly.
- b) (250, 250, 250): This is a 1:1:1 ratio, not 4:5:6, and incorrect.
- c) (350, 250, 150): This does not match the ratio 4:5:6 (350:250:150 simplifies to 7:5:3), and the total is 350 + 250 + 150 = 750, but the ratio is wrong.
- d) none of these: Since option (a) matches, this is incorrect.
Final Answer:
The division of Rs. 750 into 3 parts in the ratio 4:5:6 is (200, 250, 300).
Correct Option: a)
Correct Option: a)
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Malay Sarkar
asked a question
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The quantity purchased will remain constant irrespective of the change in income. This is known as- a)negative income elasticity of demand
- b)income elasticity of demand less than one
- c)zero income elasticity of demand
- d)income elasticity of demand is greater than one
Correct answer is option 'C'. Can you explain this answer?
The quantity purchased will remain constant irrespective of the change in income. This is known as
a)
negative income elasticity of demand
b)
income elasticity of demand less than one
c)
zero income elasticity of demand
d)
income elasticity of demand is greater than one
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Jyoti Nair
asked a question
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Each of the 10 persons namely A, Q, R, Z, M, N, P, B, K and L are wearing a shirt. The colour of each shirt is one out of blue, green and red. There are ten chairs placed in a row. The chairs are consecutively numbered 1, 2, 3, 4...9 and 10 from left to right in that order. These ten persons have to sit on the chairs such that there is only one person in each chair. The number of persons wearing a green and a blue shirt is 2 and 3 respectively.Additional Information:
1. No two persons wearing blue shirts sit on consecutively numbered chairs.
2. Among the persons wearing red shirts, exactly three persons always are sitting together while the remaining two never.
3. A person wearing a blue shirt and a person wearing a green shirt never is sitting on consecutively numbered chairs.
4. A person wearing a green shirt cannot sit on chairs numbered 2 or 9.
5. Persons wearing red shirts are not sitting at extreme ends.The following table provides information about the six different seating arrangements namely I, II, III, IV, V and VI of the ten persons done by Mr. Crazy. He observed that out of all the seating arrangements done by him, there is one arrangement that is not consistent with the information stated under "Additional Information".
Q. Which of the arrangements done by Mr. Crazy is not consistent with the information stated under "Additional Information"?... more
Each of the 10 persons namely A, Q, R, Z, M, N, P, B, K and L are wearing a shirt. The colour of each shirt is one out of blue, green and red. There are ten chairs placed in a row. The chairs are consecutively numbered 1, 2, 3, 4...9 and 10 from left to right in that order. These ten persons have to sit on the chairs such that there is only one person in each chair. The number of persons wearing a green and a blue shirt is 2 and 3 respectively.
Additional Information:
1. No two persons wearing blue shirts sit on consecutively numbered chairs.
2. Among the persons wearing red shirts, exactly three persons always are sitting together while the remaining two never.
3. A person wearing a blue shirt and a person wearing a green shirt never is sitting on consecutively numbered chairs.
4. A person wearing a green shirt cannot sit on chairs numbered 2 or 9.
5. Persons wearing red shirts are not sitting at extreme ends.
1. No two persons wearing blue shirts sit on consecutively numbered chairs.
2. Among the persons wearing red shirts, exactly three persons always are sitting together while the remaining two never.
3. A person wearing a blue shirt and a person wearing a green shirt never is sitting on consecutively numbered chairs.
4. A person wearing a green shirt cannot sit on chairs numbered 2 or 9.
5. Persons wearing red shirts are not sitting at extreme ends.
The following table provides information about the six different seating arrangements namely I, II, III, IV, V and VI of the ten persons done by Mr. Crazy. He observed that out of all the seating arrangements done by him, there is one arrangement that is not consistent with the information stated under "Additional Information".
Q. Which of the arrangements done by Mr. Crazy is not consistent with the information stated under "Additional Information"?
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Neelam Bhatt
asked a question
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T Ltd. has issued 14% Debentures of Rs. 20,00,000 at a discount of 10% on April 01,2004 and the company pays interest half-yearly on June 30 and December 31 every year. On March 31, 2006, the amount shown as “interest accrued but not due” in the Balance sheet will be- a)Rs. 70,000
- b)Rs. 2,10,000
- c)Rs. 1,40,000
- d)Rs. 2,80,000
Correct answer is option 'A'. Can you explain this answer?
T Ltd. has issued 14% Debentures of Rs. 20,00,000 at a discount of 10% on April 01,2004 and the company pays interest half-yearly on June 30 and December 31 every year. On March 31, 2006, the amount shown as “interest accrued but not due” in the Balance sheet will be
a)
Rs. 70,000
b)
Rs. 2,10,000
c)
Rs. 1,40,000
d)
Rs. 2,80,000
|
Meera Bajaj
asked a question
|
Statement 1: All chickens are birds.
Statement 2: Some chickens are hens.
Statement 3: Female birds lay eggs.If the above statement are facts, then which of the following must also be a fact?
I. All birds lay eggs.
II. Hens are birds.
III. Some chickens are not hens.- a)II only
- b)II and III only
- c)I, II and III
- d)None of the statement is a known fact
Correct answer is option 'D'. Can you explain this answer?
Statement 1: All chickens are birds.
Statement 2: Some chickens are hens.
Statement 3: Female birds lay eggs.
Statement 2: Some chickens are hens.
Statement 3: Female birds lay eggs.
If the above statement are facts, then which of the following must also be a fact?
I. All birds lay eggs.
II. Hens are birds.
III. Some chickens are not hens.
I. All birds lay eggs.
II. Hens are birds.
III. Some chickens are not hens.
a)
II only
b)
II and III only
c)
I, II and III
d)
None of the statement is a known fact
|
|
Rajveer Jain
asked a question
|
Which of the following is an example of the Golden Rule of Accounting for Nominal Accounts?
- a)Debit what comes in, Credit what goes out
- b)Debit all expenses and losses, Credit all incomes and gains
- c)Debit the receiver, Credit the giver
- d)Debit what goes out, Credit what comes in
Correct answer is option 'B'. Can you explain this answer?
Which of the following is an example of the Golden Rule of Accounting for Nominal Accounts?
a)
Debit what comes in, Credit what goes out
b)
Debit all expenses and losses, Credit all incomes and gains
c)
Debit the receiver, Credit the giver
d)
Debit what goes out, Credit what comes in
|
|
Siddharth Sen
asked a question
|
Which of the following is not an essential element of a partnership firm?- a)At least two persons
- b)There is an agreement between all partners
- c)The partnership agreement is for some business
- d)Equal sharing of profits and losses
Correct answer is option 'D'. Can you explain this answer?
Which of the following is not an essential element of a partnership firm?
a)
At least two persons
b)
There is an agreement between all partners
c)
The partnership agreement is for some business
d)
Equal sharing of profits and losses
|
|
Arnav Joshi
asked a question
|
Statements:
No tree is an animal.
Some animals are humans.Conclusions:
1. Some trees are humans.
2. No animal is a tree.
3. Some humans are not trees.
4. All animals are humans.- a)Only (2)
- b)Only (1) and (4)
- c)Only (2) and (3)
- d)None of the four
Correct answer is option 'A'. Can you explain this answer?
Statements:
No tree is an animal.
Some animals are humans.
No tree is an animal.
Some animals are humans.
Conclusions:
1. Some trees are humans.
2. No animal is a tree.
3. Some humans are not trees.
4. All animals are humans.
1. Some trees are humans.
2. No animal is a tree.
3. Some humans are not trees.
4. All animals are humans.
a)
Only (2)
b)
Only (1) and (4)
c)
Only (2) and (3)
d)
None of the four
|
Varahalasetty Bujji
asked a question
|
Hari, Roy and Prasad are partners in the ratio of 3:5:1 respectively. Roy wants to retire. His share is being purchased by Prasad. What would be the new ratio of Hari and Prasad respectively?- a)1:2
- b)2:1
- c)3:5
- d)Equal
Correct answer is option 'A'. Can you explain this answer?
Hari, Roy and Prasad are partners in the ratio of 3:5:1 respectively. Roy wants to retire. His share is being purchased by Prasad. What would be the new ratio of Hari and Prasad respectively?
a)
1:2
b)
2:1
c)
3:5
d)
Equal
|
|
Divya Dasgupta
asked a question
|
Statements: All green are blue. All blue are white.Conclusions: - Some blue are green.
- Some white are green.
- Some green are not white.
- All white are blue.
- a)Only (1) and (2)
- b)Only (1) and (3)
- c)Only (1) and (4)
- d)Only (2) and (4)
Correct answer is option 'A'. Can you explain this answer?
Statements: All green are blue. All blue are white.
Conclusions:
- Some blue are green.
- Some white are green.
- Some green are not white.
- All white are blue.
a)
Only (1) and (2)
b)
Only (1) and (3)
c)
Only (1) and (4)
d)
Only (2) and (4)
|
Bhakti Shukal
asked a question
|
At the time of independence the government of India adopted the following for the future economic development- a)Free market forces + planning by inducement
- b)Planning by direction
- c)Free market forces
- d)Planning by inducement
Correct answer is option 'A'. Can you explain this answer?
At the time of independence the government of India adopted the following for the future economic development
a)
Free market forces + planning by inducement
b)
Planning by direction
c)
Free market forces
d)
Planning by inducement
|
Surbhi Sengupta
asked a question
|
Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.Real GDP and Welfare are ___________ related with each other.... more
Direction: Read the below case and answer the questions that follow:
The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.
Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.
Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).
Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.
The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.
Real GDP and Welfare are ___________ related with each other.
|
Niti Saha
asked a question
|
Direction: Read the below case and answer the questions that follow:The country’s real gross domestic product (GDP) is likely to expand by 11 percent in the next financial year due to a faster economic recovery and on a low base, says a report. The report by domestic rating agency Brickwork Ratings said economic activities are slowly reaching Pre-COVID levels following the relaxation of the lockdown, except in sectors that remain affected by social distancing norms.“With progress in developing an effective vaccine for COVID-19 and signals of faster-than-expected recovery in the domestic economy, and also supported by a low base, we expect the real GDP to grow at 11 percent in F/Y 22, from the estimated contraction of 7 percent to 7.5 percent in F/Y 21,” the agency said.According to the first advance estimates of national income released by the National Statistical Office (NSO), the country’s GDP is estimated to contract by a record 7.7 percent during the current financial year.What will be the growth rate of GDP according to the NSO? - a)– 7.7%
- b)+7.7%
- c)+11%
- d)– 7.5%
Correct answer is option 'A'. Can you explain this answer?
Direction: Read the below case and answer the questions that follow:
The country’s real gross domestic product (GDP) is likely to expand by 11 percent in the next financial year due to a faster economic recovery and on a low base, says a report. The report by domestic rating agency Brickwork Ratings said economic activities are slowly reaching Pre-COVID levels following the relaxation of the lockdown, except in sectors that remain affected by social distancing norms.
“With progress in developing an effective vaccine for COVID-19 and signals of faster-than-expected recovery in the domestic economy, and also supported by a low base, we expect the real GDP to grow at 11 percent in F/Y 22, from the estimated contraction of 7 percent to 7.5 percent in F/Y 21,” the agency said.
According to the first advance estimates of national income released by the National Statistical Office (NSO), the country’s GDP is estimated to contract by a record 7.7 percent during the current financial year.
What will be the growth rate of GDP according to the NSO?
a)
– 7.7%
b)
+7.7%
c)
+11%
d)
– 7.5%
|
Rakesh Desai
asked a question
|
Each of the questions below starts with a few statements, followed by four conclusions numbered 1, 2, 3 and 4. You have to consider every given statement as true, even if it does not conform to the accepted facts. Read the conclusions carefully and then decide which of the conclusion(s) logically follow(s) from the given statements, disregarding commonly known facts.
Statements:
a. Some boys are scholars
b. Some teachers are boys
c. All scholars are observers
Conclusions:
1. Some scholars are boys
2. Some scholars are not boys
3. Some observers are boys
4. Some teachers are scholars
... more
Each of the questions below starts with a few statements, followed by four conclusions numbered 1, 2, 3 and 4. You have to consider every given statement as true, even if it does not conform to the accepted facts. Read the conclusions carefully and then decide which of the conclusion(s) logically follow(s) from the given statements, disregarding commonly known facts.
Statements:
a. Some boys are scholars
b. Some teachers are boys
c. All scholars are observers
b. Some teachers are boys
c. All scholars are observers
Conclusions:
1. Some scholars are boys
2. Some scholars are not boys
3. Some observers are boys
4. Some teachers are scholars
2. Some scholars are not boys
3. Some observers are boys
4. Some teachers are scholars
|
|
Devansh Chatterjee
asked a question
|
In a certain code language, ' first of all' is written as 'kan dan san', who is first' is written as 'zan kan ven', and 'this is pale' is written as 'ven gen len'. How will 'who' be written in that language?- a)zan
- b)gen
- c)kan
- d)ven
- e)none of these
Correct answer is option 'A'. Can you explain this answer?
In a certain code language, ' first of all' is written as 'kan dan san', who is first' is written as 'zan kan ven', and 'this is pale' is written as 'ven gen len'. How will 'who' be written in that language?
a)
zan
b)
gen
c)
kan
d)
ven
e)
none of these
|
|
Deep Undhad
asked a question
|
A firm producing 7 units of output has an average total cost of Rs. 150 and has to pay Rs. 350 to its fixed factors of production. How much of the average total cost is made up of variable cost ?- a)Rs. 200
- b)Rs. 50
- c)Rs. 300
- d)Rs. 100
Correct answer is 'D'. Can you explain this answer?
A firm producing 7 units of output has an average total cost of Rs. 150 and has to pay Rs. 350 to its fixed factors of production. How much of the average total cost is made up of variable cost ?
a)
Rs. 200
b)
Rs. 50
c)
Rs. 300
d)
Rs. 100
|
Aarthi S
asked a question
|
Each of the following statements is either True or False with your choice of the answer by writing F for False.- a)Simple Aggregative and simple Geometric mean of price relatives formula satisfy circular Test.
- b)Base year prices are taken as weights in Laspeyre’s quantity index numbers.
- c)Fisher’s Ideal Index formula obeys time reversal and factor reversal tests.
- d)None of these.
Correct answer is option 'D'. Can you explain this answer?
Each of the following statements is either True or False with your choice of the answer by writing F for False.
a)
Simple Aggregative and simple Geometric mean of price relatives formula satisfy circular Test.
b)
Base year prices are taken as weights in Laspeyre’s quantity index numbers.
c)
Fisher’s Ideal Index formula obeys time reversal and factor reversal tests.
d)
None of these.
|
Deepa Tekriwal Tekriwal
asked a question
|
Each of the following statements is either True or False with your choice of the answer by writing F for False.- a)Base year quantities are taken as weights in Laspeyre’s price Index number.
- b)Fisher’s ideal index is equal to the Arithmetic mean of Laspeyre’s and Paasche’s index numbers.
- c)Laspeyre’s index number formula does not satisfy time reversal test.
- d)None of these.
Correct answer is option 'B'. Can you explain this answer?
Each of the following statements is either True or False with your choice of the answer by writing F for False.
a)
Base year quantities are taken as weights in Laspeyre’s price Index number.
b)
Fisher’s ideal index is equal to the Arithmetic mean of Laspeyre’s and Paasche’s index numbers.
c)
Laspeyre’s index number formula does not satisfy time reversal test.
d)
None of these.
|
|
Sheshav Mishra
asked a question
|
Which of the following will not affect the agreement of Trial Balance ?- a)An amount of purchase of Rs. 10,000 recorded in Cr. A/c as Rs. 1,000
- b)Customer account debited with the amount of cash received
- c)An Entry of debit of Rs. 1,000 was credit with twice the amount.
- d)An Entry posted twice in the ledger.
Correct answer is option 'D'. Can you explain this answer?
Which of the following will not affect the agreement of Trial Balance ?
a)
An amount of purchase of Rs. 10,000 recorded in Cr. A/c as Rs. 1,000
b)
Customer account debited with the amount of cash received
c)
An Entry of debit of Rs. 1,000 was credit with twice the amount.
d)
An Entry posted twice in the ledger.
|
|
Haswitha Sivakumar
asked a question
|
An amount of Rs. 5,000 debited twice in pass book to prepare Bank Reconciliation Statement, when overdraft as per the cash book in the starting point:- a)Rs. 5,000 will be deducted
- b)Rs. 5,000 will be added
- c)Rs. 10,000 will be deducted
- d)Rs. 10,000 will be added
Correct answer is option 'B'. Can you explain this answer?
An amount of Rs. 5,000 debited twice in pass book to prepare Bank Reconciliation Statement, when overdraft as per the cash book in the starting point:
a)
Rs. 5,000 will be deducted
b)
Rs. 5,000 will be added
c)
Rs. 10,000 will be deducted
d)
Rs. 10,000 will be added
|
|
Manisha Mishra
asked a question
|
Payment done by the account holder through issuing a cheque is entered in - a)The pass-book at the time of issuing the cheque
- b)The cash-book at the time of presenting the cheque to the bank for payment
- c)The pass-book at the time of presenting the cheque to the bank for payment
- d)The cash-book when informed by the third party
Correct answer is option 'C'. Can you explain this answer?
Payment done by the account holder through issuing a cheque is entered in
a)
The pass-book at the time of issuing the cheque
b)
The cash-book at the time of presenting the cheque to the bank for payment
c)
The pass-book at the time of presenting the cheque to the bank for payment
d)
The cash-book when informed by the third party
|
|
Manisha Mishra
asked a question
|
While preparing bank reconciliation statement with favourable balance as per cash book which of the following will not be added?- a)Cheques deposited but not cleared
- b)Cheques issued but not presented to bank
- c)Cheques directly deposited in bank by a customer.
- d)Overcasting of Cr. side of the bank account in cash book.
Correct answer is option 'A'. Can you explain this answer?
While preparing bank reconciliation statement with favourable balance as per cash book which of the following will not be added?
a)
Cheques deposited but not cleared
b)
Cheques issued but not presented to bank
c)
Cheques directly deposited in bank by a customer.
d)
Overcasting of Cr. side of the bank account in cash book.
|
Raj Kumar Agarwal
asked a question
|
If a purchase return of Rs. 1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers’ account, the total of the- a)Trial balance would show the debit side to be Rs. 1,000 more than the credit
- b)Trial balance would show the credit side to be Rs. 1,000 more than the debit.
- c)The debit side of the trial balance will be Rs. 2,000 more than the credit side
- d)The credit side of the trial balance will be Rs. 2,000 more than the debit side.
Correct answer is option 'C'. Can you explain this answer?
If a purchase return of Rs. 1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers’ account, the total of the
a)
Trial balance would show the debit side to be Rs. 1,000 more than the credit
b)
Trial balance would show the credit side to be Rs. 1,000 more than the debit.
c)
The debit side of the trial balance will be Rs. 2,000 more than the credit side
d)
The credit side of the trial balance will be Rs. 2,000 more than the debit side.
|
Sneha Srinivas
asked a question
|
Total of sales book was understated by Rs. 200. Rectification entry will be:- a)Sales A/C Debit, Suspense A/C Credit
- b)Suspense A/C Debit, Sales A/C Credit
- c)Debtor A/C Debit, Sales A/C Credit
- d)Sales A/C Debit, Debtors A/C Credit
Correct answer is option 'B'. Can you explain this answer?
Total of sales book was understated by Rs. 200. Rectification entry will be:
a)
Sales A/C Debit, Suspense A/C Credit
b)
Suspense A/C Debit, Sales A/C Credit
c)
Debtor A/C Debit, Sales A/C Credit
d)
Sales A/C Debit, Debtors A/C Credit
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