Laspeyre's index is based on
Base year Quantities.
b)Current year Quantities.
c)Average of current year and base year.
d)None of these.
Sampling distribution approaches ________ distribution when the population distribution is not normal provided the sample size is sufficiently large.
Binomial
b)Normal
c)Poisson
d)None
The manufacturer of a certain electronic component is certain that two per cent of his product is defective. He sells the components in boxes of 120 and guarantees that not more than two per cent in any box will be defective. Find the probability that a box, selected-at random, would fail to meet the guarantee? Given that e-2.40 = 0.0907
0.26
b)0.52
c)0.43
d)0.86
For two events A and B, P(B)= 0.3, P (Abut not B) = 0.4 and P(not A) = 0.6. The events A and B are
Exhaustive
b)Independent
c)Equally likely
d)Mutually exclusive
Neither y nor x can be estimated by a linear function of the other variable when r equals
+ 1
b)-1
c)0
d)None
The class having maximum frequency is called
Model class
b)Median class
c)Mean class
d)None of these
Unequal widths of classes in the frequency distribution do not cause any difficulty in the construction of
Ogive
b)Frequency polygon
c)Histogram
d)None
Evaluate \(\int{e^{3x}+e^{-3x}\over e^x}dx\)
\({e^{3x}\over3}-{1\over 2x}+c\)
b)\({e^{2x}\over2}-{1\over 4e^{4x}}+c\)
c)\({e^{3x}\over2}-{1\over 3e^{2x}}+c\)
d)\(-{e^{2x}\over2}-{1\over 3e^{2x}}+c\)
A function f(x) is defined in (0,3) as follows f(x) = X2 when 0<x<1 = x when 1≤ x<2 = (1/4) x3 when 2≤x<3 now f(x) is continuous at -
x = 1
b)x = 3
c)x = 0
d)None of these
The domain of {(1,7), (2,6)} is
(1,6)
b)(7,6)
c)(1,2)
d)(6,7)
The sum of n terms of the series 1+(1+3)+(1+3+5)+..... is
\(\left( \frac { n }{ 6 } \right) (n+1)(2n+1)\)
b)\(\left( \frac { n }{ 6 } \right) (n+1)(n+2)\)
c)\(\left( \frac { n }{ 3 } \right) (n+1)(2n+1)\)
d)None
(n-1)Pr+ r.(n-1)P(r-1) is equal to
nCr
b)\({\underline{|n}\over ^np_r}/(\underline{|r} \ \underline{|n-r})\)
c)nPr
d)None of these
Raja aged 40 wished his wife Rani to have Rs.40 Lakhs at his death. If his expectation of life is another 30 years and he starts making equal annual investments commencing now at 3% compound interest p.a. how much should he invest annually?
Rs.84,448
b)Rs.84,450
c)Rs.84,449
d)Rs.84,077
If A = x - 2-1, B = x + 2-1, and A2 - B2 > 0, then
x > 0
b)x < 0
c)x = 0
d)x = A + B
If 6 = 2x+4y, what is the value of x+2y is
2
b)3
c)6
d)8
The angles of a triangle are in ratio 2:7:11. The angles are
(200, 700, 900)
b)(300,700,800)
c)(180,630,990)
d)None of these
When we say that Money serves as a medium of exchange, we are considering the _______ aspect of Money.
Static
b)Dynamic
c)Both (a) and (b)
d)Neither (a) nor (b)
Fiscal Policy is concerned with-
PublicRevenue,Public Expenditureand Public Dept
b)Controlling the BOP situation
c)Controlling the Banks
d)None of the above
To check inflation, as a short-term measure, the Government may consider -
Importing of basic goods
b)Public Distribution of scarce essential commodities through Fair Price Shops
c)Rationing of essential. goods
d)All of the above
------ focuses on construction / upgradation of houses to be given to the poor, free of cost.
Indira AwasYojana (lAY)
b)PradhanMantri Gram SadakYojana (PMGSY)
c)Swaran Jayanti Gram Swarozgar Yojana(SGSY)
d)National Rural Employment Guarantee Programme (NREGP)
In an under-developed economy, employment and under-employment are -
Low
b)High
c)Moderate
d)Nothing can be said
Automobile (Cars) Manufacturing Industry is an example of
Perfect Competition
b)Monopoly
c)Monopolistic Competition
d)Oligopoly.
Which of the following Costs does not include the contractual cash payments which the Firm makes to other Factor Owners for purchasing or hiring various factors?
Private Costs
b)Variable Costs
c)Accounting Costs
d)Implicit Costs
In the initial stages, there will be increasing returns to scale, due to
Indivisibility of Factors
b)Specialisation in Factors
c)Both (a) and (b)
d)Neither (a) nor (b)
Prices of Related Commodities are not a determinant of supply of a particular commodity. This statement is
True
b)False
c)Partially True
d)None of the above
If the demand for a product is inelastic, an increase in its price will cause the Total Expenditure of the Consumers to___________
Remain the same
b)Increase
c)Decrease
d)Any of these
______ indicates how much of one commodity is substituted for how much of another commodity.
Marginal Utility
b)Marginal Returns
c)Marginal Rate of Substitution
d)Marginal Income
The Central Problems arise in case of
Developed Economies
b)Developing Economies
c)Undeveloped Economies
d)All of the above
In a Contract of Sale, where Seller becomes insolvent after the Buyer has paid the price, the Buyer can
claim the goods from Official Receiver of the Seller
b)claim a rateable dividend for price paid
c)either (a) or (b)
d)sue the Official Receiver for refund of entire price paid.
In case of invalid expulsion of a Partner, the Firm automatically gets dissolved
True
b)Partly True
c)False
d)None of the above.
Actual Breach may take place -
expressly
b)impliedly
c)Either (a) or (b)
d)Neither (a) nor (b)
The positive assertion of such fact, which is not true, though he believes it to be true, made in a manner not warranted by the information of the person making it, constitutes -
Representation
b)Misrepresentation
c)Fraud
d)Mistake
ABC Ltd decides to redeem 13,000 Preference Shares of Rs 10 each at 10% premium. It has a balance in the P & L A/c of Rs 90,000, and a balance in the Securities Premium Account of Rs 3,000. calculate the minimum number of Equity Shares of Rs 10 each to be issued by the Company for the purpose of redemption, in each of the following options -
If the new issue is to be at par -
4,000 Shares of Rs 10 each
b)5,000 Shares of Rs 10 each at par
c)4,700 Shares of Rs 10 each
d)None of these
On the death of partner his executors are paid the share of deceased partner in the profits of the firm till the date of his death. This amount is recorded in Profit and Loss _______ ,A/c.
Adjustment
b)Appropriation
c)Suspense
d)Reserve
If unsold goods costing Rs. 20000 is taken over by Venturer at Rs. 15000, the Joint Venture A/c will be credited by:
Rs.20000
b)Rs.15000
c)Rs.5,000
d)Nil
State which one of the following equation is correct -
Gross profit + Sales + Direct expenses + Purchases + Closing stock = Opening stock
b)Gross profit + Direct expenses + Purchases + Closing stock - Opening stock = Sales
c)Gross profit + Direct expenses + Purchases + Opening - Closing stock = Sales
In Jan. 2014 a trader purchased furniture for Rs.10,000 Depreciation is charged @ 25%. Diminishing balance. At the end of the third year it was sold for Rs.1,000. Profit or loss as sale will be-
Profit Rs.2400
b)Profit Rs.2300
c)Loss Rs.2406
d)Loss Rs.3219
Consider the following for Q Co. for the year 2013-1 -4-
Cost of goods available for sale | Rs.1,00,000 |
Total sales | Rs.80,000 |
Opening stock of goods | Rs.20,000 |
Gross profit margin | 25% |
Closing stock of goods for the year 2013-14 was
Rs.80,000
b)Rs.60,000
c)Rs.40,000
d)Rs.36,000
Bank has debited Rs.125 for commission in pass-book. In the BRS, starting with Cash Book, this item will be
Added to Cash Book balance
b)Deducted from Cash Book balance
c)Ignored
d)Deducted twice from Cash Book balance
Classify the errors affecting or not affecting trial balance
Goods of the value of Rs 376 were returned by Ram and were taken into stock on the same date but no entry was made in the books
Will affect the trial balance
b)Will not affect the trial balance
Ignore the market value of Long Term Assets-
Going concern
b)Realisation
c)Conservatism
d)Cost