Description : which of the following modes of delivery of goods is considered effective for a valid contract of sale? a) constructive delivery b)symbolic delivery c) actual delivery d)all of this
Last Answer : c) actual delivery
Description : Delivering the keys of a godown in which goods sold are stored amounts to a) delivery by attornment b)symbolic delivery c) actual delivery d)none of these
Last Answer : b)symbolic delivery
Description : Delivery of key of the warehouse by the seller to the buyer will amount to: A. Symbolic Delivery B. Actual Delivery C. Constructive Delivery D. No delivery
Last Answer : A. Symbolic Delivery
Description : Mr. X is a dealer in electronic goods (refrigerator, washing machine, air conditioners, televisions, etc.) He purchased two air conditioners and installed in his showroom. In the books of X the ... will be debited to A] Drawing account B] Capital Account C] Fixedassets D] Purchases account
Last Answer : C] Fixedassets
Description : Sales –Gross Profit = ________ a) Cost of goods sold b) Net sales c) Gross Sales d) Liabilities
Last Answer : a) Cost of goods sold
Description : A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in ... is violated. (a) Money measurement (b) Conservatism (c) Consistency (d) None of these
Last Answer : (b) Conservatism
Description : Computer instructions written with the use of English words instead of binary machine code is called a. Mnemonics b. Symbolic code c. Gray codes d. Opcode
Last Answer : b. Symbolic code
Description : Symbolic logic was discovered by a. George Boole b. Herman Hollerith c. Van Neumann d. Basic Pascal
Last Answer : a. George Boole
Description : In which language is source program written? a. English b. Symbolic c. High level d. Temporary
Last Answer : c. High level
Description : Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) then the type of receipt is ______ nature and profit on sale is a) Capital & transferred to capital ... L a/c c) Capital & transferred to P & L a/c d) Revenue & transferred to general reserve
Last Answer : b) Revenue & transferred to P & L a/c
Description : Provision for discount on debtors is calculated on the amount of debtors. a) Before deducting provision for doubtful debts. b)After deducting provision for doubtful debts. c) Before deducting actual debts and provision for doubtful debts. d) After adding actual bad and doubtful debts.
Last Answer : b)After deducting provision for doubtful debts.
Description : Actual data processing operations are performed in the arithmetic logic section, but not in the …. Storage section of a processor unit a. Primary b. Accumulator c. Buffer d. Secondary
Last Answer : a. Primary
Description : The expanded production of fertilizers, textiles & buildings require some A. power production B. domestic production of the necessary capital goods C. economical growth D. none of these
Last Answer : B. domestic production of the necessary capital goods
Description : Value of goods withdrawn by the proprietor for his personal use should be credited to ____ a) Capital A/c b) Sales A/c c) Drawings A/c d) Purchases A/c
Last Answer : d) Purchases A/c
Description : Which of the following cannot be treated as revenue expenditure? A. Cost of goods purchased for resale. B. Wages paid for the erection of plant and machinery. C. Obsolescence cost. D. Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.
Last Answer : B. Wages paid for the erection of plant and machinery.
Description : Goods withdrawn by the proprietor for his personal use are A. Shown as a deduction from the purchases B. Shown as a deduction from the sales C. Treated as sales at cost price D. Added to the purchases
Last Answer : A. Shown as a deduction from the purchases
Description : Statement (A). The GATT applied only to trade in merchandise goods. Reasons (R). The wro covers trade in goods, services and trade in ideas or intellectual properties. A. Both (A) and (R) are true and (R) is the correct ... A). C. (A) is true but (R) is false. D. (A) is false but (R) is true
Last Answer : . A. Both (A) and (R) are true and (R) is the correct explanation of
Description : Arrange the following Acts in the order in which they came into force. (i) The Monopolies Restrictive Trade Practices Act (ii) Indian Contract Act (iii) The Sale of Goods Act (iv) The Foreign Exchange Management Act A. (il), (iii), (i ... (ii) C. (i), (ii), (iii), (iv) D. (iv), (iii), (ii), (i)
Last Answer : B. (iii), (i), (iv) and (ii)
Description : Consumers have the rights (i) to be protected against goods and services that are hazardous to life and property. (il) to assure wherever possible access to a variety of goods; and services at national prices. A. Both (i) ... (i) and (il) are wrong C. Only (i) is correct. D. Only (ii) is correct.
Last Answer : A. Both (i) and (il) are correct.
Description : Which is true for existing Economic and Industrial policies of Indian Government ? (i) FERA was abolished (ii) MRTP was abolished (iii) Cash compensatory support for export was abolished (iv) Industrial Licensing (except a few ... (iii) and (iv) C. Only (iii) and (iv) D. Only (ii) and (iii)
Last Answer : C. Only (iii) and (iv)
Description : Consumers have the rights (i) to be protected against goods and services that are hazardous to life and property (ii) to assure wherever possible access to a variety of goods and services at national prices. A. Both (i) ... (i) and (ii) are wrong. C. Only (i) is correct D. Only (ii) is correct.
Last Answer : A. Both (i) and (ii) are correct.
Description : In which duration, considerable import substitution has taken place in many important areas in capital goods, organic chemicals ? A. two decades B. three decades C. four decades (last) D. five decades
Last Answer : C. four decades (last)
Description : The factor that distinguishes constructive fraud from actual fraud is a. Materiality. b. Quality of internal control. c. Type of error or irregularity. d. Inten
Last Answer : Intent
Description : The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept. a) Money measurement b) Cost c) Entity d) Dual aspect
Last Answer : c) Entity
Description : A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him? a) Going concern b) Cost c) Accrual
Last Answer : c) Accrual
Description : Any postal article suspected to contain any goods of which the transmission by post is prohibited by or under any enactment for the time being in force is received for delivery at a post office: (A ... of the postal staff (D) The officer incharge shall send the postal article to RLO for disposa
Last Answer : (B) The officer incharge of the post office will issue notice to the addressee inviting him to attend post office and shall in his presence open and examine the postal articles
Description : Which of the following registers is used to keep track of address of the memory location where the next instruction is located? a. Memory address register b. Memory data register c. Instruction register d. Program counter
Last Answer : d. Program counter
Description : Which popular dramatist is known for such works as The Winslow Boy, The Browning Version, The Deep Blue Sea and Separate Tables? He said that he wrote his plays to please a symbolic ... class who had conventional tastes; his critics frequently used this character as the basis for belittling him.
Last Answer : Terence Rattigan.
Description : How many address lines are needed to address each memory location in a 2048 x 4 memory chip? a. 10 b. 11 c. 8 d. 12
Last Answer : b. 11
Description : X Ltd. goes into liquidation and an existing company Z Ltd. purchases the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. Liquidation
Last Answer : A. Absorption
Description : X Ltd. goes into liquidation and a new company Z Ltd. is formed to take over the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. commencement.
Last Answer : B. External reconstruction
Description : A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed. It is a case of A. Absorption B. External reconstruction C. Amalgamation. D. commencement
Last Answer : C. Amalgamation.
Description : Mark the correct option relating to how are the postal income and postal cost of any office calculated in urban area. a) 43/120 of the value of all postage stamps and stationery sold at the ... /42 of the postage due on unpaid and insufficiently paid article posted at office. e) All the above
Last Answer : e) All the above
Description : Mark the correct option relating to how are the postal income and postal cost of any office calculated in rural area. a) 2/5 of the value of all postage stamps and stationery sold at the office ... 1/8 of the postage due on unpaid and insufficiently paid article posted at office. e) All the above
Description : Which of the following test will often be found use full when t he Superintendent should frequently apply tests to the delivery work of the postmen a) Letters bearing fictitious address should be posted and ... show whether the letters are duly delivered or not. c) Both the above d) None of these
Last Answer : c) Both the above
Description : AD means a) Acknowledgement due b) Advice of delivery c) Actual Delivery d) None of these
Last Answer : b) Advice of delivery
Description : Transaction in which a contract for the purchase or sale of any commodity including stocks and shares is periodically of ultimately settled otherwise than by the actual delivery or transfer of the ... known as: a) Wagering Transaction b) Speculative Transaction c) Deemed Speculative Transaction
Last Answer : b) Speculative Transaction
Description : Nandu purchased a mobile phone and got a discount of 5% from dealer. he sold that mobile phone at a profit of 10% on his purchase price. What is the percentage profit on actual price of the mobile phone? 1. 2% 2. 3% 3. 4% 4. 4.5 %
Last Answer : 4. 4.5 %
Description : Preethi owns lenova mobile in a showroom. she labelled the price of mobile to earn a profit of 20% on the cost price. she sold the mobile by offering a discount of 10% on the labelled price. What is the actual percent profit earned?
Last Answer : Let the CP of mobile= Rs 100 Then the labeled price= Rs.120 SP= Rs. 120-10%of 120 = RS120-12= Rs 108 Gain= Rs 108- Rs 100 = Rs 8 Gain%= 8/100*100=8%
Description : Which of the following statements is true in relation to liabilities? A. Claims against the resources. B. Currently existing obligations which the firm intends to meet at some time in the future. C. It must be capable of being expressed in money terms. D. All of the above
Last Answer : C. It must be capable of being expressed in money terms.
Description : In the third Generation of computers a. Distributed data processing first became popular b. An operating system was first developed c. High level procedural language were first used d. Online real time systems first become popular
Last Answer : d. Online real time systems first become popular
Description : What type of control pins are needed in a microprocessor to regulate traffic on the bus, in order to prevent two devices from trying to use it at the same time? a. Bus control b. Interrupts c. Bus arbitration d. Status
Last Answer : c. Bus arbitration
Description : One of the main feature that distinguish microprocessors from micro-computers is a. Words are usually larger in microprocessors b. Words are shorter in microprocessors c. Microprocessor does not contain I/O devices d. Exactly the same as the machine cycle time
Last Answer : c. Microprocessor does not contain I/O devices
Description : The memory which is programmed at the time it is manufactured a. POM b. RAM c. PROM d. EPROM
Last Answer : a. POM
Description : Serial access memories are useful in applications where a. Data consists of numbers b. Short access time is required c. Each stored word is processed differently d. Data naturally needs to flow in and out in a serial form
Last Answer : d. Data naturally needs to flow in and out in a serial form
Description : What is required when more than one person uses a central computer at the same time? a. Light pen b. Mouse c. Digitizer d. Terminal
Last Answer : d. Terminal
Description : A storage device whe3re the access time is depended upon the location of the data is a. Random access b. Serial access c. Sequential access d. Transaction access
Last Answer : b. Serial access
Description : The use of spooler programs and/or …. Hardware allows personal computer operators to do the processing work at the same time a printing operation is in progress a. Registered mails b. Memory c. CPU d. Buffer
Last Answer : d. Buffer
Description : A type of core store that has a lower access time than the devices used for working store in the same processor is known as a. Core memory b. Buffer c. Fast core d. Address register
Last Answer : d. Address register
Description : Which of the following is required when more than one person uses a central computer at the same time? a. Terminal b. Light pen c. Digitizer d. Mouse
Last Answer : a. Terminal