35. Balance in electronic credit ledger under SGST can be used against which liability?
A) SGST Liability only
B) SGST and IGST liability
C) SGST, IGST and CGST liability
D) None of them
✅ ANSWER: B
37. Values of assets purchased or liabilities recorded as recorded by bookkeepers are considered as
A) appreciated values
B) depreciated values
C) market values
D) book values
✅ ANSWER: D
Values of assets purchased or liabilities recorded as recorded by bookkeepers are considered as book values. Book value is also the net asset value of a company calculated as total assets minus intangible assets (patents, goodwill) and liabilities.
Values of assets purchased or liabilities recorded as recorded by bookkeepers are considered as book values. Book value is also the net asset value of a company calculated as total assets minus intangible assets (patents, goodwill) and liabilities.
6. The claims against the company not acknowledged as debts are shown as
A) Current liabilities
B) Loans and advances
C) Notes to balance sheet
D) Director’s report
✅ ANSWER: C
The claims against the company not acknowledged as debts are shown as notes to balance sheet. All claims which the company does not acknowledge as debts should be disclosed. Claims against the company by the labour union for additional wages, compensation, etc. come under this category.
The claims against the company not acknowledged as debts are shown as notes to balance sheet. All claims which the company does not acknowledge as debts should be disclosed. Claims against the company by the labour union for additional wages, compensation, etc. come under this category.
17. At the point of satiety, marginal utility is
A) Zero
B) Positive
C) Maximum
D) Negative
✅ ANSWER: B
At the point of satiety, marginal utility is positive. Goods where there is a point of satiety. This situation is common in food. To the point of satiety, the marginal utility is positive; after that point, the marginal utility is negative.
At the point of satiety, marginal utility is positive. Goods where there is a point of satiety. This situation is common in food. To the point of satiety, the marginal utility is positive; after that point, the marginal utility is negative.
20. _______ is the first state to ratify GST bill.
A) Andhra Pradesh
B) Assam
C) Arunachal Pradesh
D) Bihar
✅ ANSWER: B
3. Endorsement, discounting and collection of bills of exchange is made by
A) Debtors
B) Creditors
C) Drawee
D) Drawer
✅ ANSWER: D
Endorsement, discounting and collection of bills of exchange is made by Drawer. The individual or firm that issues or signs a draft instructing the drawee to pay a specified sum of money to, or to the order of, a named person (payee), or to bearer.
Endorsement, discounting and collection of bills of exchange is made by Drawer. The individual or firm that issues or signs a draft instructing the drawee to pay a specified sum of money to, or to the order of, a named person (payee), or to bearer.
34. The relationship between potential unsystematic risk and reward is given by ___________.
A) Excess return to beta ratio
B) Excess return to security
C) Excess return to security
D) Excess return to beta square ratio
✅ ANSWER: A
The relationship between potential unsystematic risk and reward is given by excess return to beta ratio. Beta Ratio refers to the efficiency in which a given filter element removes particles of a given size.
The relationship between potential unsystematic risk and reward is given by excess return to beta ratio. Beta Ratio refers to the efficiency in which a given filter element removes particles of a given size.
36. If marginal opportunity cost is falling, the PPF would be
A) Straight line
B) Concave
C) Backward leading
D) Convex
✅ ANSWER: D
If marginal opportunity cost is falling, the PPF would be convex. Pay Per Click curve can be convex to the origin when the opportunity cost decreases. This can happen only when less and less units are foregone of first commodity for the introduction of additional unit of another commodity. Due to increasing marginal opportunity cost. PPC becomes concave to origin.
If marginal opportunity cost is falling, the PPF would be convex. Pay Per Click curve can be convex to the origin when the opportunity cost decreases. This can happen only when less and less units are foregone of first commodity for the introduction of additional unit of another commodity. Due to increasing marginal opportunity cost. PPC becomes concave to origin.
38. In case of ________ layout, production is carried on in special purpose machine.
A) functional
B) product
C) stationary
D) combined
✅ ANSWER: B
In case of product layout, production is carried on in special purpose machine. Since machines are arranged based on the sequence of operations, mechanized equipment such as conveyor belts can be used for transporting materials. This results in significant saving of time.
In case of product layout, production is carried on in special purpose machine. Since machines are arranged based on the sequence of operations, mechanized equipment such as conveyor belts can be used for transporting materials. This results in significant saving of time.
24. Under Immediate annuity, the premium has to be paid
A) In regular instalments
B) In lumpsum
C) Both A & B
D) None of the above
✅ ANSWER: B
Under Immediate annuity, the premium has to be paid in lumpsum. An immediate annuity is an insurance product that gives the buyer a guaranteed stream of income in exchange for a lump sum of cash. Immediate annuities have several advantages, such as long-term stability, tax-deferred income, and monthly income payments for the rest of your life.
Under Immediate annuity, the premium has to be paid in lumpsum. An immediate annuity is an insurance product that gives the buyer a guaranteed stream of income in exchange for a lump sum of cash. Immediate annuities have several advantages, such as long-term stability, tax-deferred income, and monthly income payments for the rest of your life.