The payment was collected by the hardworking salesman.
A
The hardworking salesman collected the payment.
B
the salesman who worked heard was able to collect the payment.
C
to collect the payment the salesman had to work hard.
D
The hardworking salesman was able to collect the payment.
Question 4Single Answer
I had to stop all my work to complete this project.
A
All other work had to be stopped to complete this project by me
B
For completing this project all other work must be stopped
C
For completing this project I had to stop all my work
D
To complete this project all other work had been stopped by me
Question 5Single Answer
They have published the names of all the successful candidates.
A
The candidates who have succeeded their names they had published.
B
The names of all the successful candidates have been published by them
C
The candidates who have succeeded their names have been published by them.
D
The names of all the successful candidate were published by them.
Question 6Single Answer
The online shopping site lowered the prices.
A
Lowering of the prices was done by the online shopping site
B
The prices were lowered by the online shopping site
C
The prices had been lowered by the online shopping site
D
The prices have been lowered by the online shopping site
Question 7Single Answer
Who taught you to drive a truck ?
A
To drive a truck by whom were you taught?
B
Driving a truck by who were you taught?
C
Driving a truck by who were you being taught?
D
By whom were you taught to drive a truck?
Question 8Single Answer
We shall invite Suresh.
A
Suresh would be invited by us
B
Suresh would have been invited by us
C
Suresh will be invited by us
D
Suresh will have been invited by us
Question 9Single Answer
Dark clouds have overcast the evening sky.
A
By the dark clouds the evening sky was overcast.
B
The evening sky has been overcast by the dark clouds.
C
Dark clouds overcastted the evening sky.
D
The sky of the evening was overcasted by dark clouds.
Question 10Single Answer
The partners will celebrate their triumph tomorrow.
A
The triumph would be celebrated by the partners a day before
B
The triumph would be celebrated by the partners a day after
C
The triumph would have been celebrated by the partners a day after
D
The triumph will have been celebrated by the partners tomorrow
Question 11Single Answer
Passage :
Direction : Question below has two blanks, each blank indicting that some thing has been omitted. Choose the word for each blank which best fits the meaning of the sentence as a whole.
The Finance Department has ……………a centralized online databank system for all statutory government bodies to …………an eye on their assets and liabilities.
A
presented , stay
B
introduced , keep
C
announce , make
D
created , let
E
proclaimed , hold
Question 12Single Answer
Passage :
Direction : The five items in this section consists of a word or group of words followed by four words as (a), (b), (c) and (d). Select the word which is nearly opposite to the meaning of the original word or group of words and mark your response as (a), (b), (c) and (d), as the case may be, in your Answer Sheet.
Assets
A
liabilities
B
responsibilities
C
estates
D
profits
Question 13Single Answer
Passage :
Direction : In the question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Affidavit
A
Affirmation
B
Slander
C
Oath
D
Testimony
Question 14Single Answer
Passage :
Direction: In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Hollow
A
Alveolate
B
Cleft
C
Cavernous
D
Solid
Question 15Single Answer
Passage :
Directions: In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Cosset
A
Ignoreb
B
Close
C
Caress
D
Fondle
Question 16Single Answer
Read sentence to find out whether there is any grammatical error in it. The sentences are In three separate parts and each one is labelled (a), (b), (c) and (d). In that case, letter (d) will signify a ‘No error’ response.
A
He was in the temper
B
and refused
C
discuss the matter again
D
No error
Question 17Single Answer
Read sentence to find out whether there is any grammatical error in it. The sentences are In three separate parts and each one is labelled (a), (b), (c) and (d). In that case, letter (d) will signify a ‘No error’ response.
A
A flower makes no garland
B
so we must do a thing together
C
in a unit for a good result
D
No error
Question 18Single Answer
Read sentence to find out whether there is any grammatical error in it. The sentences are In three separate parts and each one is labelled (a), (b), (c) and (d). In that case, letter (d) will signify a ‘No error’ response.
A
My friend is a software engineer
B
and his wife is doctor
C
so they don’t have enough time for each other
D
No error
Question 19Single Answer
Read sentence to find out whether there is any grammatical error in it. The sentences are In three separate parts and each one is labelled (a), (b), (c) and (d). In that case, letter (d) will signify a ‘No error’ response.
A
I don’t have much time that
B
I hear you in detail with verbosity
C
tell everything in nutshell
D
No error
Question 20Single Answer
Read sentence to find out whether there is any grammatical error in it. The sentences are In three separate parts and each one is labelled (a), (b), (c) and (d). In that case, letter (d) will signify a ‘No error’ response.
A
The atmosphere is changing
B
so I have severe pain in my body
C
if you have any painkiller, please give it to me
D
No error
General Aptitude
Question 21Single Answer
The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs. 3. The ratio of the two selling prices is:__________ ?
A
51:52
B
52:53
C
51:53
D
52:55
Question 22Single Answer
Which of the following numbers is irrational ?
A
√49
B
0.125
C
√2
D
22/7
Question 23Single Answer
356 x 936 – 356 x 836 = ?
A
35600
B
34500
C
9630
D
93600
Question 24Single Answer
Arrange in descending order: 5/8, 7/10, 3/4
A
3/4 > 7/10 > 5/8
B
7/10 > 3/4 > 5/8
C
3/4 > 5/8 > 7/10
D
5/8 > 7/10 > 3/4
Question 25Single Answer
What is (3^{4} times 9^{2}) ?
A
36
B
38
C
310
D
96
Question 26Single Answer
If 34X-2 = 729, then find the value of X.
A
4
B
3
C
2
D
5
Question 27Single Answer
Convert 0.6 into fraction ?
A
3/5
B
2/3
C
4/5
Question 28Single Answer
The no. plate of a bus had peculiarity. The bus number was a perfect square. It was also a perfect square when the plate numbers were reversed. The bus company had only five hundred buses numbered from 1 to 500. What was the number ?
A
169
B
36
C
196
D
Can not say
Question 29Single Answer
If a and b are positive integers, such that ab = 125, then (a-b)a+b-4 = ?
A
16
B
25
C
28
D
30
Question 30Single Answer
If x*y = x2 + y2 – xy, then value of 9*11 is
A
93
B
103
C
60.5
D
121
Question 31Single Answer
Which is greater ?
A
15/16
B
17/18
C
Equal
D
Cannot compare
Question 32Single Answer
If sum of two numbers is 42 and their product is 437, then find their difference.
A
3
B
4
C
5
D
7
Question 33Single Answer
Write the 44000 in Roman numerals
A
XLI
B
XLVI
C
XLIV
D
XLVIC
Question 34Single Answer
Convert 0.0909… into fraction ?
A
1/11
B
9/11
C
1/9
D
9/10
Question 35Single Answer
What is (98 times 102) ?
A
9996
B
10000
C
10096
D
10196
Question 36Single Answer
Which is smaller ?
A
9/11
B
7/9
C
Equal
D
Cannot compare
Question 37Single Answer
Convert 0.5777… into fraction ?
A
26/45
B
52/90
C
13/22
D
5/9
Question 38Single Answer
Convert 0.81 into fraction ?
A
81/100
B
9/10
C
8/9
D
9/11
Question 39Single Answer
(63)2 – (12)2 =?
A
3528
B
3852
C
3582
D
3825
Question 40Single Answer
Which is greater ?
A
13/17
B
11/14
C
Equal
D
Cannot compare
Question 41Single Answer
16.928 + 24.7582 5.015 =?
A
20
B
24
C
22
D
26
Question 42Single Answer
Convert 0.75 into fraction ?
A
3/4
B
2/3
C
4/5
D
5/8
Question 43Single Answer
Which is greater ?
A
11/13
B
12/15
C
Equal
D
Cannot compare
Question 44Single Answer
Two numbers are co-prime if their HCF is ?
A
0
B
1
C
Same
D
Prime
Question 45Single Answer
Product of all factors of 10 is ?
A
10
B
100
C
1000
D
10000
Reasoning
Question 46Single Answer
How many such pairs of letters are there in the word ‘CLEANLINESS’ each of the which has as many letters between them in the word as they have in the English alphabet, in the same sequence?
A
Two
B
Three
C
Five
D
Four
E
None of these
Question 47Single Answer
Team A has scored more goals than Team B
Team C has scored fewer goals than Team B
Team A has scored fewer goals than Team C .
If the first two statements are true, the third statement is
A
True
B
False
C
Uncertain
D
None
Question 48Single Answer
If it is possible to make only one meaningful word with the second, the third, the sixth and the eight letters of the word FRAGMENT using each only once, which of the following will be the third letter of that word ? If no such word can be formed, give ‘X’ as the answer and if more than one such word can be formed, give ‘Y’ as the answer.
A
A
B
E
C
T
D
X
E
Y
Question 49Single Answer
How many such letters are there in the word ORIENTAL each of which is as far away from the beginning of the word as when they are arranged alphabetically?
A
None
B
One
C
Two
D
Three
E
More than three
Question 50Single Answer
How many such pairs of letters in the word CREDIT each of which has as many letters between them in the word as in the English alphabet?
A
None
B
One
C
Two
D
Three
E
More than three
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Reasoning
Question 51Single Answer
How many meaningful words can be made from the letters ‘LMEA’ using each letter only once in each word?
A
None
B
One
C
Two
D
Three
E
More than three
Question 52Single Answer
If it is possible to make only one meaningful word with the first, the second, the seventh and the eighth letters of the word TEMPORAL, which of the following will be the first letter of that word? If more than one such word can be made, give ‘Y’ as the answer and if no such word can be made, give ‘X’ as the answer.
A
T
B
L
C
E
D
Y
E
X
Question 53Single Answer
If the letters of the word HANDOVER are arranged alphabetically from left to right how many letters will remain at the same position?
A
None
B
One
C
Two
D
Three
E
More than three
Question 54Single Answer
How many such pairs of letters are there in the word EXCURSION, each of which has as many letters between them in the word as they have in the English alphabet?
A
None
B
One
C
Two
D
Three
E
More than three
Question 55Single Answer
If it is possible to make only one meaningful word with the first, the second, the third, the sixth and the eighth letters of the word DEVIATION first letter of that word is your answer? If more than one such word can be made formed your answer is ‘A’ and if no such word can be formed your answer is ‘B’.
A
V
B
T
C
E
D
A
E
B
Question 56Single Answer
If each alternate letter beginning with the first in the word WORKING is replaced by the next letter in the English alphabet and each of the remaining letters is replaced by the previous letter in the English alphabet, which of the following will be the fourth from the right and after the replacement ?
A
N
B
Q
C
J
D
M
E
None of these
Question 57Single Answer
How many pairs of letters are there in the word ‘SHIFTED’ each of which has as many letters between its two letters as there are between in the English alphabet?
A
None
B
One
C
Two
D
Three
E
None of these
Question 58Single Answer
Statement: Is common currency a necessary ingredient for Europe’s growth ?
Arguments :
I. Yes, A common currency will enable entire Europe to market itself as one .
II. No, Similar experiments by Latin America countries have not affected their economies .
A
The only argument I is strong
B
Only argument II is strong
C
Either I or II is strong
D
Neither I nor II is strong
General Knowledge
Question 59Single Answer
Yojna a weekly journal
A
Ministry of Finance
B
Ministry of Information and Broadcastin
C
Ministry of Rural Development
D
Planning Commission
Question 60Single Answer
Kurukshetra a journal on rural development is published by
A
Ministry of Finance
B
Ministry of Information and Broadcastin
C
Ministry of Rural Development
D
Planning Commission
Question 61Single Answer
Devaluation of a currency means
A
Fixing the value of the currency in conjuction with the movement in the value of a basket of predetermined currencies
B
Reduction in the value of a currency vis-à-vis major internationally traded currencies
C
Fixing the value of currency in multilateral consultaion with the IMF the World Bank and major trading partners
D
Permitting the currency to seek its worth in the international market
Question 62Single Answer
In India rural incomes are generally lower than the urban incomes, which of the following reasons account for this
1. a large number of farmers are illiterate and know little about scientific agriculture
2. prices of primary products are lower than those of manufactured products
3. Investments in agriculture has been low when compared to investment in industry
A
1 and 3
B
2 and 3
C
1 and 2
D
1,2 and 3
Question 63Single Answer
Which of the following programmes aims at the promotion of savings among rural women
A
Rashtriya Mahila Kosh
B
Indira Mahila Yojna
C
Jawahar Rozgar Yojna
D
Mahila Samridhi Yojna
Question 64Single Answer
What is Net National Product
A
the money value of final goods and services produced annually in the economy
B
the money value of annual service generation in the economy
C
the money value of tangible goods produced annually in the economy
D
The money value of tangible goods available in the economy
Question 65Single Answer
National income is the
A
net national product at market price
B
net national product at factor cost
C
net domestic product at market price
D
net domestic product at factor cost
Question 66Single Answer
Chelliah Committee of 1992 deals with the overhauling of our
A
financial system
B
tax system
C
patents and copyrights
D
Public sector undertakings
Question 67Single Answer
During which Five Year Plan was the annual growth rate of National Income the lowest
A
2nd plan
B
3rd plan
C
5th plan
D
6th plan
Question 68Single Answer
Which of the following taxes is a progressive tax
A
sales tax
B
custom tax
C
excise tax
D
income tax
Question 69Single Answer
Which of the following estimates the National Income in India
A
National Income Committee
B
Planning Commission
C
Reserve Bank Of India
D
Central Statistical Organisation
Question 70Single Answer
India changed over to the decimal system, coinage in
A
April 1951
B
April 1955
C
April 1957
D
April 1978
Question 71Single Answer
11th Five Year Plan aim at achieving 10% rural tele density in India from the present 1.9% by the year
A
2008
B
2009
C
2010
D
2012
Question 72Single Answer
Which one of the following statements Monitorable Socio Economic Target of the 11th Five Year Plan under the head Environment is not correct
A
treat urban waste water by 2011-12
B
Increase energy efficiency by 20% points by 2016-17
C
attain WHO standards of air quality in all major cities by 2011-12
D
increase forest and tree cover by 15% points
Question 73Single Answer
Who is the ex-officio chairman of Planning commission and National Development Council
A
President
B
Prime Minister
C
Finance Minister
D
Commerce Minister
Question 74Single Answer
Persons below the poverty line in Indian are classified as such based on wheather
A
they belong to agriculture labourer household and the scheduled caste/trive social group
B
they get work for a prescribed minimum number of days in a year
C
they are entitled to a minimum prescribed food basket
D
their daily waged fall below the prescribed minimum wages
Question 75Single Answer
Which of the following Committee’s recommendations are being followed for estimating proverty line in India
A
Dutt committee
B
Lakdawala committee
C
Cheliah Committee
D
Chakravorty Committee
Question 76Single Answer
In which year India adopeted liberal and free market principles
A
1975
B
1981
C
1991
D
2000
Question 77Single Answer
Consider the following statements
1. There is persistent investment over time only in select locals
2. some areas are agro climatically less conductive to development
3. some areas continue to face little or no agrarian transformation and the consequent lack of social and
4. some areas have faced continous political instability
Which of the above statements are correct
A
1,2 and 3
B
1,2 and 4
C
1,3 and 4
D
2,3 and 4
Question 78Single Answer
When was first human development report of India issued
A
April 2001
B
March 2000
C
June 2002
D
April 2002
Question 79Single Answer
What astronomical discovery was announced by astronomers in March 2026?
A
New planet in solar system
B
Discovery related to 1,900 light-years away (specific object)
C
Black hole merger
D
Exoplanet with life signs
Question 80Single Answer
On what date in March 2026 did Prime Minister Narendra Modi become India’s longest-serving head of government?
A
15 March
B
20 March
C
22 March
D
25 March
Question 81Single Answer
What major infrastructure project was inaugurated by PM Narendra Modi on 28 March 2026?
A
Mumbai Trans Harbour Link
B
Atal Tunnel
C
Noida International Airport
D
Chenab Bridge
Question 82Single Answer
What was the status of India-US trade relations highlighted in early 2026 leading into March developments?
A
Increased tariffs
B
Breakthrough deal reducing US tariffs on Indian goods to 18%
C
Complete trade halt
D
New sanctions
Question 83Single Answer
What was the fiscal deficit target set for FY 2026-27 in the Union Budget 2026-27 presented by FM Nirmala Sitharaman?
A
4.0% of GDP
B
5.0% of GDP
C
4.5% of GDP
D
4.3% of GDP
Accountancy
Question 84Single Answer
Who is Father of Scientific Management ?
A
Henry Fayol
B
Elton Mayo
C
Chester Bernard
D
F. W. Taylor
Question 85Single Answer
Appointment of a Company Secretary is made by –
A
Promoters
B
Board of Directors
C
Debenture holders
D
Government
Question 86Single Answer
Bonus Shares are issued to –
A
Equity Shareholders
B
Preference Shareholders
C
Debenture Holders
D
Secured Creditors
Question 87Single Answer
Under which principle, all the rights of an insured are transferred to insurance company after making payment of claim ?
A
Subrogation
B
Utmost good faith
C
Contribution
D
Average clause
Question 88Single Answer
Rs. 10,000 spent on the replacement of worn out parts of an electronic machinery is treated as –
A
Capital expenditure
B
Revenue expenditure
C
Deferred revenue expenditure
D
Capital loss
Question 89Single Answer
EPS is calculated as –
A
EBIT / Equity shares
B
EBIT – Preference Dividend / Equity shares
C
EAT / Equity shares
D
EAT – Preference Dividend / Equity shares
Question 90Single Answer
Which is the oldest form of organisation ?
A
Line
B
Line and staff
C
Functional
D
Matrix
Question 91Single Answer
In ‘Direction’ who is given importance ?
A
To machines
B
To paper work
C
To man
D
To production
Question 92Single Answer
Standard costing is a technique of –
A
Planning
B
Organising
C
Coordination
D
Control
Question 93Single Answer
‘Table A’ is an alternative to –
A
Prospectus
B
Articles of Association
C
Memorandum of Association
D
None of the above
Question 94Single Answer
FEMA stands for –
A
Foreign Exchange Management Act
B
Funds Exchange Management Act
C
Finance Enhancement Monetary Act
D
Future Exchange Management Act
Question 95Single Answer
What of the following is false about W.T.O. ?
A
It is the main organ for implementing the Multilateral Trade Agreement
B
It is global in its membership
C
It has far wider scope than GATT
D
Only countries having more than prescribed level of total GDP can become its member
Question 96Single Answer
……........… has been founded to act as permanent watchdog on the international trade .
A
ISRD
B
ADS
C
WTO
D
DIMF
Question 97Single Answer
Which of the following statement is correct ?
A
The disinvestment programme has been successfully carried out in India
B
Privatisation up to 100% has been carried out in all the PSU in India
C
Under strategic sale method of disinvestment, the government sells a major share to a strategic partner
D
None of the above
Question 98Single Answer
Advance Income-tax is shown in the –
A
Debit side of Profit and Loss Account
B
Liability side of the Balance Sheet
C
Credit side of Profit and Loss Account
D
Assets side of the Balance Sheet
Question 99Single Answer
In the absence of a Partnership Deed, the rate of interest allowed on the partner’s loan to the firm is –
A
5%
B
6%
C
10%
D
None of the above
Question 100Single Answer
Interim Dividend is shown –
A
In Profit and Loss Account
B
In Profit and Loss Appropriation Account
C
On Asset side of Balance Sheet
D
On Liabilities side of Balance Sheet
Question 101Single Answer
Memorandum of Association contains –
A
Objective clause
B
Name clause
C
Capital clause
D
All of the above
Question 102Single Answer
If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under:
A
Negotiable Instruments Act, 1881
B
Reserve Bank of India Act, 1934
C
Banking Regulation Act, 1949
D
RBI Clearing House Rules
Question 103Single Answer
By which of the following methods a Company Secretary can be removed from his post ?
A
By passing a resolution in Board Meeting
B
By order of Registrar of Companies
C
By passing a resolution in Annual General Meeting
D
None of the above
Question 104Single Answer
Which one of the following statements is correct in respect of Duty Drawback Scheme ?
A
Relieving export goods of duties paid for components used for manufacturing the export goods
B
Providing cash incentives to exporters to compensate the duty paid by them in foreign countries
C
Compensating importers to the extent of import duty paid by them for importing life-saving drugs
D
Providing a facility for withdrawing the duty paid by exporters if their exports are rejected in foreign countries
Question 105Single Answer
In foreign trade, what is the price quoted by a supplier which includes all charges incurred up to door delivery of goods to the buyer, called ?
A
Loco price
B
C.I.F. price
C
Franco price
D
Landed price
Question 106Single Answer
If the cost of goods sold is Rs. 1,00,000, the value of opening stock is Rs. 20,000 and the value of closing stock is Rs. 80,000, then the stock turnover ratio would be –
A
5 Times
B
4 Times
C
2 Times
D
1 Time
Question 107Single Answer
If profit made during the year is Rs. 10,000; increase and decrease in the current assets is Rs. 5,000 and Rs. 4,000 respectively, then the cash from operation equals –
A
Rs. 9,000
B
Rs. 10,000
C
Rs. 11,000
D
Rs. 19,000
Question 108Single Answer
Commercial paper is a –
A
long-term corporate security meant for small investors
B
medium-term corporate security meant for institutional investors
C
treasury paper meant for corporate investors
D
short-term corporate security meant for large-scale investors
Question 109Single Answer
A cartel is a combination of firms –
A
which are functioning in a particular industry
B
whose combined assets are worth more than 90% of total assets of the industry
C
who control major chunk of the market
D
whose combined profits are enormous
Question 110Single Answer
One of the major difficulties improving the industrial efficiency in enterprises is –
A
low investment
B
low productivity
C
ineffective marketing
D
poor inventory control
Question 111Single Answer
Exam Bank of India provides financial assistance to exporters and importers in India :
A
in foreign currency only
B
both in Indian currency and foreign currencies
C
as zero-interest loans
D
as subsidies
Question 112Single Answer
‘Object Clause’ of a Memorandum of Association can be altered by –
A
Ordinary resolution
B
Special resolution
C
Special resolution and confirmation by Registrar of Companies
D
Special resolution and confirmation by Company Law Board
Question 113Single Answer
The takeover of a company in which most of the purchase price is paid with borrowed money is referred to as –
A
hostile takeover
B
illegal takeover
C
leveraged buy-out
D
management buy-out
Question 114Single Answer
A public company can start business –
A
After incorporation
B
After promotion
C
After registration
D
After getting certificate of commencement of business
Question 115Single Answer
Impact of O & M is that –
A
promotion possibility becomes restricted
B
it leads to less scope for high salary and wages
C
entire organization is streamlined
D
work measurement is costly
Question 116Single Answer
The term ‘Organisational climate’ best represents –
A
human environment prevailing in an organisation
B
union-management relations within an organisation
C
problems introduced by faulty organisational structure
D
socio-cultural environment in an organisation
Question 117Single Answer
The Memorandum of Association shall be signed by each –
A
director
B
shareholder
C
subscriber
D
promoter and director
Question 118Single Answer
Changing the name of a company requires –
A
special resolution and approval of Company Law Board
B
special resolution and approval of Securities and Exchange Board of India
C
special resolution and approval of Central Government
D
ordinary resolution and approval of Company Law Board
Question 119Single Answer
Registration of Articles of Association is optional in the case of –
A
unlimited company
B
private company limited by shares
C
company limited by guarantee
D
public company limited by share
Question 120Single Answer
The Base Rate system has replaced BPLR with effect from:
A
01.05.2010
B
01.06.2010
C
01.07.2010
D
01.08.2010
Question 121Single Answer
Under the accrual concept which one of the following will not be shown as an asset/liability in the balance sheet of an entity ?
A
Interest due but not paid
B
Interest due but not received
C
Interest due and paid
D
Interest paid but not due
Question 122Single Answer
Goods worth Rs. 24,000 were returned by X. The accountant however credited the sales returns account by Rs. 42,000. In order to rectify this error, what should be done ?
A
Debit the sale return by Rs.42,000
B
Credit the sales return account by Rs. 24,000
C
Debit the sales return account by Rs. 66,000
D
Debit the sales return account by Rs. 18,000
Question 123Single Answer
A machine with a written down value of Rs. 10,000 has been sold for Rs. 13,000. The amount realized is a –
A
Capital receipt and profit involved should be transferred to Capital Reserve
B
Revenue receipt
C
Capital receipt and profit involved should be transferred to General Reserve
D
Capital receipt and profit involved should be transferred to Profit and Loss A/c
Question 124Single Answer
Provisions are amounts set aside out of profits and other surpluses for –
A
meeting a liability, the amount of which can be determined with exact figure
B
any known liability of which the amount cannot be determined with substantial accuracy
C
meeting an eventuality arising out of revaluation of assets in ordinary course of business
D
meeting a liability arising out of arbitration
Question 125Single Answer
A Ltd. Company issues 3,000, 15% debentures of Rs. 100 each at a discount of 7•5% repayable at a premium of 5% at the end of 5 years. The loss on issue of debentures will be –
A
Rs. 22,500
B
Rs. 30,000
C
Rs. 37,500
D
Rs. 45,000
Question 126Single Answer
X Ltd. has current ratio of 2– 1 and quick ratio of 1•5– 1. If its current liabilities are Rs. 80,000, then the value of stock would be –
A
Rs. 1,60,000
B
Rs. 1,20,000
C
Rs. 40,000
D
Rs. 80,000
Question 127Single Answer
Test checking of entries in the audit work refers to –
A
the internal checks
B
the inernal controls
C
checking some sample items from a large number of similar items
D
checking the cash flow of business
Question 128Single Answer
Share premium account can be used for –
A
Paying tax liability
B
Meeting the cost of issue of shares or debentures
C
Paying Dividend on shares
D
Meeting the loss on sale of old asset
Question 129Single Answer
Ploughing-back of profits means –
A
Dividend declared but not claimed by shareholders
B
Non-declaration of dividend in any year
C
Profits earned from illegal sources and employed in business
D
Retaining the earnings of business for future expansion programme
Question 130Single Answer
As per Schedule VI of the Companies’ Act, 1956, Forfeited Share Account will be –
A
Added to paid up capital
B
Deducted from called up capital
C
Added to capital reserve
D
Shown as a revenue reserve
Question 131Single Answer
‘Profit objective’ is of least priority in case of –
A
Private enterprise
B
Public enterprise
C
Department undertaking
D
Cooperative society
Question 132Single Answer
Partnership may come into existence by –
A
The operation of law
B
An express agreement only
C
An express or implied agreement only
D
Inheritance of property
Question 133Single Answer
When a security is not treated in the Stock Exchange for a period of.........days prior to the date of valuation, it is treated as "Non- Traded" security: