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WorksheetsWrong Answers Only!
Total questions: 30
Worksheet time: 15mins
An individual demand curve slopes downward to the right because of the
Working of the law of diminishing marginal utility
Substitution effect of decrease in price
Income effect of fall in price
Transport Improvements
Credit creation power of the commercial banks gets limited by which of the following:
Banking habits of the people
Cash Reserve Ratio
Business pessimism
Credit policy of the central bank
Microeconomics deals with the
Allocation of resources of the economy as between production of different goods and services
Balance of payments equilibrium
Determination of prices of goods and services
Behavior of industrial decision makers
An increase in the supply of a commodity is caused by
Increase in price of inputs
Improvements in technology
Fall in the prices of other commodities
Fall in the prices of factors of production
Long term fund sources are
Retained earnings
Debentures
Public Deposits
Share capital
For which of the factors are the debentures more attractive to the investors
The principal is redeemable at maturity
Debentures offer more consistent dividends than common shares and higher payments than bonds.
A debenture-holder enjoys prior claim on the assets of the company over its shareholders in the event of liquidation
trustee is appointed to preserve the interest of the debenture holders
A bank reconciliation statement is not prepared by
Accountant of business
Manager of business
Controller of business
Accountant of the bank
Which of the following concepts does not state that the publication or presentation of financial statements should not be delayed?
Objectivity concept
Timing concept
Reliability concept
Timeliness concept
Memorandum of Association contains–
Objective clause
Board of Directors Clause
Name clause
Capital clause
Coordination has the following features–
Intellectual Process
Continuous
Ensures Unity of action
Deliberate function
A Company can reissue its forfeited shares-
At a premium
At a face value
At a discount
At par or at discount only
New profit sharing ratio is calculated at the time of
Admission of a new partner
Retirement of a partner
Death of a partner
None
Which of the following is not qualified to be a Company Auditor ?
A chartered accountant in practice.
A body corporate
An employee of the company
A person who is indebted to the company for an amount exceeding Rs. 1,000
Which of the following errors are not disclosed by Trial Balance ?
Compensatory Errors
Errors of Principle
Errors of Omission
None
Which statement is not true in respect of a Balance Sheet ?
It is an account
It is prepared every month
It is a statement of the financial position
It is prepared to check the mathematical accuracy
A company can pay dividend out of–
Profits of the company for the year for which dividends are to be paid
Profit Remaining after the re-issue of forfeited shares
Undistributed profits of the previous financial years
Money provided by the Central and State Governments for the payment of dividends in pursuance of their guarantees
________ are not treated as agricultural income.
Income from poultry farming
Income from the land used for storing agricultural produce
Income from bee heaving
Purchasing of standing crops
According to the Companies Act 2013, which of the following statement is correct?
Arrears of fixed cumulative dividends on preference shares shall be disclosed separately
Bank deposits with more than 12 months maturity shall not be disclosed separately
Security against the borrowings shall be disclosed separately
It provides more corporate social responsibility
Consider the following sources:
1) Net bank credit to the government.
2)Bank credit to the commercial sector.
3) Net foreign exchange assets of the banking system.
Which of the sources given above is/are not the major sources of the "Broad money" in the Indian Economy?
Only 2
1 and 3
2 and 3
All of these
Normally Demand curve does not slopes
Upward
Downward
Horizontal
Vertical
Players to score a century on their test debut
Prithvi Shaw
Rohit Sharma
Virat Kohli
Shikhar Dhawan
The social media apps under Meta
Snapchat
Messenger
Prime numbers
2
13
23
27
Capital cities of different states
Bhubaneswar
Dispur
Kanpur
Imphal
Union territories of India
Daman & Diu
Lakshadweep Islands
Delhi
Goa
The Axis Powers during WWII
China
Italy
Japan
Germany
Tennis Grandslam Events
Wimbledon
US open
Australian open
German open
Colours are in the rainbow?
Yellow
Violet
Pink
Red
Currencies of countries
Pounds
Ounce
Peso
Ringgit
Monuments in Delhi
Taj Mahal
Qutub Minar
Red fort
Humayun's Tomb
