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WorksheetsQuiz by Anusha
Total questions: 20
Worksheet time: 10mins
Accounting is a___ of business.
life blood
policy
registration
language
Who is the father of economics
Alfred Marshall
Lionel Robbins
Adam Smith
Paul Samuelson
"A bird in the hand is worth than two in a bush" is according to which principle
Principle of time perspective
Discounting principle
Opportunity cost principle
Equi marginal principle
BPO stands for
Balance of payment
Business Problem Output
Business Process Outsourcing
None of these
In case of inferior goods the income elasticity of demand is
positive
negetive
zero
infinite
Electricity generated from water is called
Thermal electricity
Atomic energy
Tidal energy
Hydel electricity
The company will not liquidate in the near foreseeable future is because of_____concept
Periodicity
Materiality
Going concern
Matching
"End justify the means"is according to which theory
Denotological theory
Teleological theory
Professional theory
Hybrid theory
Money market in India is controlled by
SEBI
IMF
IRDB
RBI
Overvaluation of closing stock leads to
Overvaluation of income
Undervaluation of income
No effect on income
None of these
Position of a company can be known through
Profit and loss a/c
Balance sheet
Trading a/c
Revaluation a/c
Which one of the following equation is correct
Assets= Liabilities- Capital
Capital= Asset+Liabilities
Liabilities= Assets+Capital
Capital= Assets- Liabilities
Fixed cost per unit is
Fixed
Variable
Both
None of these
The main security guard for International Trade is
World Bank
IMF
WTO
RBI
When price increases demand decreases is called
Expansion of demand
Contraction of demand
Increase in demand
Decrease in demand
Economics is derived from Greek word
Wikonomia
Aikonomia
Oikonomia
None of these
Purchase of machinery for cash
Decreases total assets
Increases total assets
Retains total assets unchanged
Decreases total liabilities
Who is known as Iron Man of India
Mahatma Gandhi
Sardar Vallabhbhai Patel
Jawaharlal Nehru
B.R. Ambedkar
Which one of the following is an example for complementary goods
Bike and Car
Tea and coffee
Bike and petrol
Bike and pen
Which is the biggest plannet in our solar system
Jupiter
Venus
NepNeptune
Mars
