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SRCC NCO

Total questions: 62

Worksheet time: 41mins

Name
Class
Date
1.

USER ID

2 lines
2.

PASSWORD

2 lines
3.

If goodwill is valued at two years’ purchase of super profits, super profit is ₹40,000. What is the value of goodwill?

a)

₹20,000

b)

₹40,000

c)

₹80,000

d)

₹1,20,000

4.

Which accounting concept justifies charging depreciation?

a)

Prudence

b)

Going Concern

c)

Consistency

d)

Matching

5.

Which policy tool is used by RBI to control inflation directly?

a)

Repo rate

b)

Bank rate

c)

Open market operations

d)

Moral suasion

6.

Which principle of management stresses discipline?

a)

Unity of command

b)

Order

c)

Discipline

d)

Authority

7.

If A = {1,2,3}, number of subsets is:

a)

3

b)

6

c)

8

d)

9

8.

What is the solution of the equation 2x - 7 = 9?

a)

1

b)

8

c)

7

d)

9

9.

What is the probability of getting a tail when tossing a fair coin?

a)

0

b)

1

c)

1/2

d)

1/3

10.

Find the next term in the sequence: 2, 6, 12, 20, ?

a)

28

b)

30

c)

32

d)

24

11.

If A is the brother of B and B is the sister of C, then A is:

a)

Brother of C

b)

Sister of C

c)

Father of C

d)

Uncle of C

12.

What is the angle between the hands of a clock at 3:15?

a)

0°

b)

7.5°

c)

15°

d)

30°

13.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

14.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

15.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

16.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

17.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

18.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

19.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

20.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

21.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

22.

Assertion: Economic growth leads to development. Reason: Development includes social indicators. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

23.

If B = {4,5,6}, number of subsets is:

a)

4

b)

6

c)

8

d)

12

24.

What is the solution of the equation 3x + 5 = 20?

a)

5

b)

10

c)

15

d)

20

25.

What is the angle between the hands of a clock at 6:30?

a)

45°

b)

15°

c)

30°

d)

90°

26.

Which of the following is a direct consequence of inflation?

a)

Decreased cost of living

b)

Stable currency value

c)

Increased purchasing power

d)

Higher interest rates

27.

What is the value of goodwill if it is calculated at three years’ purchase of super profits, and the super profit is ₹50,000?

a)

₹1,00,000

b)

₹1,50,000

c)

₹2,50,000

d)

₹2,00,000

28.

What is the solution of the equation 4x - 8 = 12?

a)

5

b)

15

c)

10

d)

20

29.

What is the value of x in the equation 2x + 3 = 11?

a)

2

b)

3

c)

4

d)

5

30.

What is the capital of France?

a)

Berlin

b)

Madrid

c)

Paris

d)

Rome

31.

What is the value of pi to two decimal places?

a)

3.12

b)

3.16

c)

3.18

d)

3.14

32.

What is the chemical symbol for water?

a)

NaCl

b)

H2O

c)

CO2

d)

O2

33.

What is the square root of 64?

a)

6

b)

7

c)

8

d)

9

34.

Which element has the atomic number 1?

a)

Helium

b)

Hydrogen

c)

Lithium

d)

Oxygen

35.

Assertion: Inflation can erode purchasing power. Reason: Higher prices mean consumers can buy less. Choose the correct option:

a)

A false R true

b)

Both true & R correct explanation

c)

Both true but R not explanation

d)

A true R false

36.

What is the derivative of the function f(x) = 3x^2 + 2x?

a)

2x + 3

b)

3x^2

c)

3x + 2

d)

6x + 2

37.

Assertion: Renewable energy sources are sustainable. Reason: They can be replenished naturally. Choose the correct option:

a)

A false R true

b)

A true R false

c)

Both true but R not explanation

d)

Both true & R correct explanation

38.

What is the integral of the function f(x) = 2x?

a)

x^2 + C

b)

x + C

c)

2x^2 + C

d)

2x + C

39.

Assertion: Globalization increases competition. Reason: It allows businesses to operate internationally. Choose the correct option:

a)

Both true but R not explanation

b)

Both true & R correct explanation

c)

A true R false

d)

A false R true

40.

What is the value of the expression 5^2 - 3^2?

a)

16

b)

18

c)

25

d)

8

41.

Which of the following is a primary goal of fiscal policy?

a)

Stabilize currency exchange rates

b)

Control inflation

c)

Increase unemployment

d)

Reduce government spending

42.

Assertion: Trade deficits are harmful to the economy. Reason: They lead to increased national debt. Choose the correct option:

a)

Both true & R correct explanation

b)

A true R false

c)

Both true but R not explanation

d)

A false R true

43.

What is the primary function of the central bank in an economy?

a)

Set tax rates

b)

Manage public debt

c)

Control fiscal policy

d)

Regulate interest rates

44.

Which economic indicator is most commonly used to measure a country's economic performance?

a)

Gross Domestic Product (GDP)

b)

Balance of Trade

c)

Consumer Price Index (CPI)

d)

Unemployment Rate

45.

Assertion: A strong currency is always beneficial for a country. Reason: It increases purchasing power. Choose the correct option:

a)

Both true & R correct explanation

b)

Both true but R not explanation

c)

A true R false

d)

A false R true

46.

Which of the following is a characteristic of a monopoly?

a)

Perfect competition

b)

Single seller

c)

Price taker

d)

Many sellers

47.

What is the primary purpose of a cash flow statement?

a)

To show revenue

b)

To show profitability

c)

To show liquidity

d)

To show financial position

48.

Which of the following is a characteristic of a sole proprietorship?

a)

Separate legal entity

b)

Complex taxation

c)

Unlimited liability

d)

Limited liability

49.

What does the term 'liquidity' refer to in finance?

a)

Ability to pay debts

b)

Ability to generate profits

c)

Ability to manage expenses

d)

Ability to invest

50.

Which accounting method recognizes revenue when it is earned, regardless of when cash is received?

a)

Cash basis

b)

Deferred basis

c)

Modified cash basis

d)

Accrual basis

51.

What is the formula for calculating the current ratio?

a)

Total Assets / Total Liabilities

b)

Net Income / Total Assets

c)

Current Liabilities / Current Assets

d)

Current Assets / Current Liabilities

52.

Which financial statement provides a snapshot of a company's assets, liabilities, and equity at a specific point in time?

a)

Cash Flow Statement

b)

Income Statement

c)

Statement of Retained Earnings

d)

Balance Sheet

53.

If a perfectly competitive market is subjected to a unit tax under perfectly inelastic demand, which of the following statements is necessarily true in the long run?

A) Deadweight loss is zero
B) Producer surplus remains unchanged
C) Entire tax burden falls on consumers without efficiency loss
D) Tax revenue equals loss in consumer surplus

a)

A

b)

B

c)

C

d)

D

54.

Under historical cost accounting during inflation, reported profit may exist even when (a)   is not maintained.

55.

According to rational expectations theory, anticipated monetary policy affects (a)   variables in the long run.

56.

If money ceases to be a stable store of value, the accounting assumption rendered logically invalid is the (a)   assumption.

57.

Long-term strategic risk of legally exploiting information asymmetry is increased probability of (a)   intervention.

58.

Even with perfect information, markets can remain inefficient due to (a)   behavior among agents.

59.

When informal authority consistently overrides formal authority, the management principle violated in essence is (a)   .

60.

If probabilities are proportional to the square of outcomes, the expected value is biased towards (a)   outcomes.

61.

The Law of Demand can be violated without irrationality when the (a)   effect dominates the substitution effect.

62.

When an economy operates below potential output, deficit financing through market borrowings may result in (a)   of private investment.

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