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Worksheets

Round 1

Total questions: 25

Worksheet time: 8mins

Name
Class
Date
1.

Non Registration of a Partnership Firm is

a)

Criminal Offence

b)

Renders the partnership illegal

c)

Is not compulsory but desirable

d)

Complusary to activate the partnership

2.

Carriage Inward is

a)

Credited to P&L account

b)

Debited to P&L account

c)

Credited to Trading account

d)

Debited to Trading account

3.

BPO Stands for

a)

Bharat Petroleum Organisation

b)

Business Process Outsourcing

c)

Business Portfolio Outsourcing

d)

Business Partners Organisation

4.

Sum of 2 Numbers = 52 & their Difference is 2. Numbers are

a)

17 & 15

b)

22 & 16

c)

27 & 25

d)

25 & 23

5.

Which Accounting Standard talks about Cash Flow Statement

a)

AS 2

b)

AS 3

c)

AS 6

d)

AS 7

6.

Vikrant & Co. is an example of

a)

Real Account

b)

Personal Account

c)

Nominal Account

d)

Accrual Account

7.

Identify the Logos

a)

Sony, BMW, Starbucks, KFC

b)

Dolby, Mercedes, Starbucks, KFC

c)

Sony, Mercedes,Nirma, KFC

d)

Dolby, Star Plus, Nirma, KFC

8.

Which of the following books is the work of Gandhiji?

a)

Light of India

b)

My Experiments with Truth

c)

India Awakens

d)

Tryst with Destiny

9.

Which tax is currently levied on Entertainment?

a)

Entertainment Tax

b)

GST

c)

Exercise Duty

d)

VAT

10.

New Profit Sharing Ratio is calculated at the time of

a)

Admission of Partner

b)

Retirement of Partner

c)

Death of the Partner

d)

All of the above

11.

When __________, firm are earning normal profits

a)

AC = AR

b)

MC = MR

c)

MC = AC

d)

AR = MR

12.

FEMA Stands for

a)

Funds Exchange Management Act

b)

Future Exchange Management Act

c)

Forex Exchange Management Act

d)

Foreign Exchange Management Act

13.

Mohandas Karamchand Gandhi was called as Mahatma by

a)

Bal Gangadhar Tilak

b)

Motilal Nehru

c)

Jawaharlal Nehru

d)

Rabindra Nath Tagore

14.

How many days did Mahatma Gandhi and his volunteers took to cover 24 mile journey from Sabarmati Ashram to Dandi?

a)

32

b)

20

c)

10

d)

24

15.

During the Non-Cooperation Movement, which award did Gandhiji return?

a)

Knighthood

b)

Rai Bahadur

c)

Kaiser-e-Hind

d)

Hind Kesari

16.

What is false about a Balance Sheet?

a)

It is an account

b)

It is prepared every month

c)

Prepared to check mathematical accuracy

d)

All the above

17.

What was the name of Mahatma Gandhi's Mother ?

a)

Leelawati

b)

Putlibai

c)

Kishoribai

d)

Kusuma Devi

18.

When Was IEHE Established

a)

2002

b)

1986

c)

1995

d)

1991

19.

Sanjay Dutt, a noted film actor was held under

a)

Narcotics Act

b)

TADA

c)

Prevention of Money Laundering Act

d)

Possession of Drugs Act

20.

Who was the Political Guru of Gandhi ji who inspired him to return to India and contribute to Indian Freedom Struggle?

a)

Gopal Krishna Gokhale

b)

Dayanand Saraswati

c)

Ravindra Nath Tagore

d)

None of the above

21.

Who signs a 2000 Rs Note ?

a)

Finance Minister

b)

Supreme Court Judge

c)

Prime Minister

d)

RBI Governor

22.

Basic Exemption Limit (Nil Tax) for a person of 80 Years as per Income Tax Act

a)

2.5 Lakhs

b)

3 Lakhs

c)

5 Lakhs

d)

7 Lakhs

23.

Who was known as the Iron Man of India

a)

Govind Ballabh Pant

b)

Subhash Chandra Bose

c)

Sardar Vallabh Bhai Patel

d)

Jawahar Lal Nehru

24.

What is kept outside the purview of GST?

a)

Ice Creams

b)

Leather Bags

c)

Stainless Steel

d)

Petroleum & Motor Spirit

25.

Full Form of CRR

a)

Cash Revenue Reserve

b)

Cash Reserve Ratio

c)

Credit Revenue Reserve

d)

Credit Revenue Reserve