Practice

Question 101

If proposed nominal capital is more than ₹25 lakhs at incorporation, the company needs to submit _____ along with the application.

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Correct answer: (B) certificate of capital

1 marks · 2023 · Set A

Question 102

A government company is any company in which not less than 51% of the paid-up share capital is

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 103

Gross profit is equal to

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Correct answer: (B) Net Sales − Cost of Goods Sold

1 marks · 2023 · Set A

Question 104

Accounting provides information on

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 105

The ideal value of the current ratio is

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Correct answer: (A) 2 : 1

1 marks · 2023 · Set A

Question 106

Patents and trademarks are

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Correct answer: (B) intangible assets

1 marks · 2023 · Set A

Question 107

Which of the following are liquidity ratios? 1. Interest coverage ratio 2. Current ratio 3. Inventory turnover ratio 4. Gross profit ratio 5. Acid-test ratio. Choose the correct answer.

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Correct answer: (B) 2 and 5 only

1 marks · 2023 · Set A

Question 108

Which statement is true?

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 109

If 2x = 3y and 4y = 5z, what is x : z?

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Correct answer: (C) 15 : 8

1 marks · 2023 · Set A

Question 110

यदि (a + b) : (b + c) : (c + a) = 7 : 4 : 5 और a + b + c = 16, तो (a² + b² + c²) : (ab + bc + ca) बराबर होगा

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Correct answer: (A) 26 : 19

1 marks · 2023 · Set A

Question 111

Arun raised the price of his products by 40%. How much discount should he give to sell the product at no profit and no loss?

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 112

A dozen pairs of trousers are marked at ₹8,000 and discounted by 10%. How many pairs can be bought for ₹2,400?

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Correct answer: (C) 4

1 marks · 2023 · Set A

Question 113

Depreciation is generated due to

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Correct answer: (C) wear and tear

1 marks · 2023 · Set A

Question 114

Under the diminishing-balance method, depreciation is calculated on the basis of

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Correct answer: (B) book value

1 marks · 2023 · Set A

Question 115

The index number for the base year is always

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Correct answer: (C) 100

1 marks · 2023 · Set A

Question 116

Fisher’s method of calculating the index number is based on the

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Correct answer: (A) geometric mean

1 marks · 2023 · Set A

Question 117

GST was implemented in India from

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Correct answer: (A) 1 July 2017

1 marks · 2023 · Set A

Question 118

GST rates applicable on goods and services are

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Correct answer: (C) 0%, 5%, 12%, 18%, 28%

1 marks · 2023 · Set A

Question 119

What does ‘I’ in IGST stand for?

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 120

The break-even point is the point where

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Correct answer: (B) sales and total-cost lines intersect

1 marks · 2023 · Set A

Question 121

At the break-even point, the slope of the sales line is equal to

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Correct answer: (A) (Variable Cost + Fixed Cost) / Total Sales

1 marks · 2023 · Set A

Question 122

If the nominal interest rate is 10% per annum and compounding is quarterly, the effective interest rate will be

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Correct answer: (A) 10.38%

1 marks · 2023 · Set A

Question 123

Present-value tables for an annuity cannot be applied directly to varying streams of cash flows. This statement is

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Correct answer: (A) True

1 marks · 2023 · Set A

Question 124

The code of conduct does not include

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Correct answer: (A) dishonesty

1 marks · 2023 · Set A

Question 125

The economic activity in which specialized knowledge is required is

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Correct answer: (B) profession

1 marks · 2023 · Set A

Question 126

Successful management ensures that

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 127

The management function related to placing the right person at the right job is

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Correct answer: (B) staffing

1 marks · 2023 · Set A

Question 128

_____ is a force that binds all the functions of management.

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Correct answer: (B) Coordination

1 marks · 2023 · Set A

Question 129

The maximum number of partners allowed in the banking business is

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 130

The most popular form of business organization is

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Correct answer: (A) sole proprietorship

1 marks · 2023 · Set A

Question 131

Cooperatives play an important role in

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Correct answer: (B) agriculture

1 marks · 2023 · Set A

Question 132

EOUs stands for

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Correct answer: (C) Export-Oriented Units

1 marks · 2023 · Set A

Question 133

The MSMED Act came into existence in

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Correct answer: (B) October 2006

1 marks · 2023 · Set A

Question 134

ISO 9000 is concerned with

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Correct answer: (C) quality

1 marks · 2023 · Set A

Question 135

Exemption from paying taxes for 5 to 10 years is known as

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 136

NSIC was set up in

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 137

Which of the following is not among India’s major trading partners?

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Correct answer: (B) New Zealand

1 marks · 2023 · Set A

Question 138

Manufacturing and trade beyond the boundaries of one’s own country is

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Correct answer: (A) foreign trade

1 marks · 2023 · Set A

Question 139

Which of the following factors of production is not a part of domestic business?

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Correct answer: (C) Customer

1 marks · 2023 · Set A

Question 140

The theory of comparative cost advantage was given by

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Correct answer: (A) David Ricardo

1 marks · 2023 · Set A

Question 141

What is India’s share in world trade?

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 142

The Silk Route was between

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Correct answer: (A) China and Rome

1 marks · 2023 · Set A

Question 143

In which year was the WTO formed?

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Correct answer: (A) 1995

1 marks · 2023 · Set A

Question 144

In which year was GATT formed?

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 145

Which of the following is included in owned funds (sources of finance for a joint-stock company)?

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 146

Companies generally invite public deposits for a period of up to

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 147

The Industrial Finance Corporation of India (IFCI) was established in

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Correct answer: (A) July 1948

1 marks · 2023 · Set A

Question 148

ADRs are issued in

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Correct answer: (C) USA

1 marks · 2023 · Set A

Question 149

When both seller and buyer are business firms, the e-commerce transaction is of which type?

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Correct answer: (A) B2B commerce

1 marks · 2023 · Set A

Question 150

Social responsibility is a firm’s recognition of

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Correct answer: (C) social obligation

1 marks · 2023 · Set A

TRE2 — Language General Studies And Business Studies