Provided that the minimum amount of sum so payable shall not be less than ____ of the value of such defective goods sold or services provided, as the case may be to such consumers. a) Rs 25000/- c) 10 % c) 5% d) None of these

Provided that the minimum amount of sum so payable shall not be less than ____ of 

the value of such defective goods sold or services provided, as the case may be to such 

consumers.

a) Rs 25000/- c) 10 %

c) 5% d) None of these
by

1 Answer

Answer :

c) 10 %
by

Related questions

The penalty shall be imposed to Central/State public information officer is a) Rs 225/- each day till application is received or information furnished. b) Rs 250/- each day till application is received or information furnished. c) The total amount of penalty shall not exceed Rs 25000/- d) B&C both

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Last Answer : d) B&C both

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Last Answer : c) Unlimited but shall no be expensive

In a perpetual inventory system, a return of defective merchandise by a cash customer is recorded by crediting a. Accounts Payable and Cash. b. Merchandise Inventory and Cost of Goods Sold c. Purchases Returns and Allowances and Merchandise Inventory. d. .Cash and Cost of Goods Sold.

Description : In a perpetual inventory system, a return of defective merchandise by a cash customer is recorded by crediting a. Accounts Payable and Cash. b. Merchandise Inventory and Cost of Goods Sold c. Purchases Returns and Allowances and Merchandise Inventory. d. .Cash and Cost of Goods Sold.

Last Answer : d. .Cash and Cost of Goods Sold.

Present rate of Senior citizens saving scheme account is____ payable quarterly. a) 10% b) 9.3% c) 8.5 % d) 9.5%

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Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

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Description : Payment on death of depositor a) The deposit shall be paid to nominee b) In case nominee is the minor the deposit shall paid to person appointed to receive c) Where no such person is authorized, to ... them is dead, the deposit shall be paid to the surviving nominees or nominees. e) All the above

Last Answer : e) All the above

Mark the correct option related to submission of robbery report to DG Posts a) Case of highway robbery of mail involving loss of cash/valuables above Rs 50000 b) The attacks on offices by dacoits causing injury to the staff/losses over Rs50000 c) Cases of loss of damage to or tampering with ins article which the amount of compensation payable exceed Rs 10000 d) Cases of fraud and loss or misappropriation of public money exceeds Rs 50000 e) All the above

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Mark the correct option a) If the certificate is encashed in case of death of the depositor before expiry on of one year from the date of purchase, only the face value of certificate shall be payable b) If certificate is encashed after expiry of one year SB interest will be applicable c) Both A &B d) None of these

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Gokul purchases 10 goats at Rs. 1500 each. 1 goat died. He sold 2 goats at 5% loss, at what rate he should sale the remaining goat, so as to gain a Profit of 10 % on the total Cost?

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Last Answer : Selling Price with Profit of 10 % of total cost = 1500*10*110/100 = 16500 Selling Price of 2 goat with 5% loss= 3000*95/100 = 2850 Difference = 16500-2850= 13650 So rate of the goats for selling to gain 10% profit on total = 13650/7 = Rs. 1950

Net Profit of the society is Rs. 100000. 25 % should be transferred to reserve fund. Calculate the amount to be transferred to the reserve fund___ a. Rs 28000 b. Rs 25000 c. Rs 20000 d. Rs 18000

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Last Answer : Rs.25000

Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest will be charged on loan amount d) If the repayment with interest is made on or before the 10th of the month, no interest shall be payable for that monthe) All the above

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Last Answer : e) All the above

In case of maturity value of discontinued RD account is retained after the date of maturity the depositor shall be entitled ______ of interest wef 01 Jan 2012 a) 3.5% b) 4% c) 8% d) 9.25%

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No experimental post office opened in rural area may be made permanent unless its total income covers its total cost plus a) 25 % of the cost b) 10 % of the cost c) 5% of the cost d) 20 % of the cost

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Last Answer : a) 25 % of the cost

Two equal sums are lent at the same time at 6% and 5 % simple interest respectively. The former is recovered 24 months earlier than the latter. And the amount in each case is Rs. 2400. Find the sum of money lent initially. a) 1500 b) 2000 c) 2400 d) 3000 e) 3600

Description : Two equal sums are lent at the same time at 6% and 5 % simple interest respectively. The former is recovered 24 months earlier than the latter. And the amount in each case is Rs. 2400. Find the sum of money lent initially. a) 1500 b) 2000 c) 2400 d) 3000 e) 3600

Last Answer : Let the sum be S, time be ‘n’ years for 6%. n+2 years for 5% 2400 = S + S ×n × 6/100 2400 = S + S × (n+2) × 5/100 So, 6n = 5(n+2) or n = 10 years. 2400 = S + S × 10 × 6/100 = 1.6S S = 2400/1.6 = 1500 Answer: a)

The divisional supdt may sanction up to Rs_____ in each case for hiring examination and for other purpose etc holding customers meet etc a) 25000/- b) 30000/- c) 5000/- d) 75000/

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Last Answer : c) 5000/

Value payable article VP fee is a) Up to 20/- Rs 2/- b) Exceeding 20/- to 50/- Rs 3/- c) Exceeding 50/- Rs 5/- d) All the above correct

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if such disobedience causes or tends to cause danger to human life, health or safety, or causes or tends to cause a riot or affray, shall be punished with imprisonment of either description for a term which may extend to ____, or with fine which may extend to _____, or with both a) Six month, One thousand b) Three month, five hundred c) Six month five hundred d) None of these

Description : if such disobedience causes or tends to cause danger to human life, health or safety,  or causes or tends to cause a riot or affray, shall be punished with imprisonment of either  description for a term ... , One thousand b) Three month, five hundred c) Six month five hundred d) None of these

Last Answer : a) Six month, One thousand

Whoever intentionally obstructs any sale of property offered for sale by the lawful authority of any public servant, as such, shall be punished with imprisonment of either description for a term which may extend to ____, or with fine which may extend to ____ rupees, or with both a) One month, six hundred b) One month, five hundred c) Six month, one thousand d) None of these

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On an equity share of Rs. 100, the minimum amount payable on application under the law should be– (A) Rs. 20 (B) Rs. 15 (C) Rs. 10 (D) Rs. 5

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Last Answer : Answer: Rs. 5

If there is a discrepancy of Rs. 5/- in the value of MO as written in the MO form by the remitter and as advised by the office of payment a) The payment should be withheld and a reference made to office of issue b) The MO should be returned to office of issue c) The amount entered by the remitter may be paid and irregularity reported to office of issue d) The case is referred to HO/divisional supdt. for advice

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Last Answer : c) The amount entered by the remitter may be paid and irregularity reported to office of issue

Mark the correct option a) Where the access to information is to be provided in the printed or in any electronic format, the applicant shall pay such fee as may be prescribed b) No such fee shall be charged from the persons whore are below poverty line c) The information shall be provided the information free of charge where a public authority fails to comply with the time limits specified. d) Before taking the decision consideration of third party representation is necessary e) All the above

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Whenever it is provided by this Act that the Court may presume a fact, it may either regard such fact as proved, unless and until it is disproved, or may call for proof of it a) May presume b) Conclusive proof c) Shall presume d) None of these

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Last Answer : a) May presume

Mark the correct option relating to how are the postal income and postal cost of any office calculated in all office rural/urban area. a) 24% of MO commission on MO issued by the office b) 38 % of the MO commission on MO paid by the office c) 2/5 of the amount of commission realized on IPO sold & 2/5 of IPO paid d) All the above

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Last Answer : d) All the above

The divisional supdt may sanction Rs ____ in each case for a period of three month only, for temporay arrangements for conveyance of mails without calling tenders a) 2500/- b) 30000/- c) 5000/- d) 10000

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Last Answer : c) 5000/

The divisional supdt may sanction up to Rs ____ in each case for purchase of equipments and consumables connected with computer and other equipments. a) 400/- b) 1500/- c) 5000/- d) 2500/

Description : The divisional supdt may sanction up to Rs ____ in each case for purchase of equipments and consumables connected with computer and other equipments. a) 400/- b) 1500/- c) 5000/- d) 2500/

Last Answer : c) 5000/

Jurisdiction of National commission is a) Complaint where the value of the goods or services and compensation, if any claimed does not exceeds Rs 5 crore b) Complaint where the value of the goods or services and compensation, if any claimed up to 1 crore c) Appeals against the orders of any state commission d) Complaint where the value of the goods or services and compensation, if any claimed exceeds Rs 1 crore e) C& D only

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Last Answer : e) C& D only

Jurisdiction of State commission is a) Complaint where the value of the goods or services and compensation, if any claimed exceeds Rs 20 Lac b) Complaint where the value of the goods or services and compensation, if anyclaimed up to 1 crorec) Appeals against the orders of any district forum within the stated) Complaint where the value of the goods or services and compensation, if anyclaimed exceeds Rs 20 Lac but does not exceed one croree) C& D only

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Last Answer : e) C& D only

The divisional supdt may sanction up tot Rs ___ in each case, non-recurring contingent expenditure, powers for which are not provided for specifically a) 5000/- b) 1500/- c) 4000/- d) 2500/

Description : The divisional supdt may sanction up tot Rs ___ in each case, non-recurring contingent expenditure, powers for which are not provided for specifically a) 5000/- b) 1500/- c) 4000/- d) 2500/

Last Answer : a) 5000/

GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) Sum of goods and services exported during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

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Last Answer : (a) The market value of all goods and services produced in the domestic economy during the year ; 

Commission payable for Postal Orders of Rs 100/- den is a) 3/- b) 5/- c) 10/- d) 2/

Description : Commission payable for Postal Orders of Rs 100/- den is a) 3/- b) 5/- c) 10/- d) 2/

Last Answer : c) 10/

The decision of competent authority that DO(PLI) procuring effective business to the tune of ____ or more shall no be eligible for automatic extension of tenure for the next ___ year. Such extension will be granted by ______subject to good work,conduct & satisfactory record in the year. a) 10 crores, 1 year, Head of the circle, b) 20 crores, 2 year, DG Post c) 25 crores, 1 year, Head of the circle d) 25 cores. 1 years, SSP/SP

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Last Answer : c) 25 crores, 1 year, Head of the circle

Complaint means allegation in writing made by a complainant that a) An unfair trade practice or restrictive trade practice has been adapted by any traders or service provider b) The goods bought by him or agreed to be bought by him suffer from one or more defect c) A traders or the service provider as the case may be has charged for the goods or for the services mentioned in the complaint a price in excess of the price d) All the above

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Last Answer : d) All the above

The divisional supdt may sanction LSG SO Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 50000/- d) 75000/

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Last Answer : b) 30000/

What is minimum amount may be withdrawn by a cheque from a cheque saving account? a) Rs 500/- b) Rs 100/- c) Rs 100/- d) Rs 20/

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Last Answer : d) Rs 20/

If there is a discrepancy of less than Rs 10/- between the amount entered by the remitter and by the office of issue a) MO issue returned to the office of issue for necessary correction b) MO is paid only after confirming the value of MO by fax/telegram c) The amount written by the remitter is paid and irregularity reported to office of issue d) None of these

Description : If there is a discrepancy of less than Rs 10/- between the amount entered by the remitter and by the office of issue a) MO issue returned to the office of issue for necessary correction b) ... The amount written by the remitter is paid and irregularity reported to office of issue d) None of these

Last Answer : d) None of these

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 his books for Rs. 750000. Which of the following concept is violated. (a) Money measurement (b) Conservatism (c) Consistency (d) None of these

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

Mark the correct statement. a) Second withdrawal in a PPF account is payable in the next financial year of the year in which principal and interest on first withdrawal has been fully refunded and other conditions fulfill b) Second loan is permissible in the financial year in which 1st loan and interest thereon has been recovered provided the 1st loan was not taken in the same year and other conditions fulfill c) Second loan is permissible in the same financial year if first loan taken in the year has been refunded alongwith interest thereon and other conditions fulfill d) None of the above is correct

Description : Mark the correct statement. a) Second withdrawal in a PPF account is payable in the next financial year of the year in which principal and interest on first withdrawal has been fully ... been refunded alongwith interest thereon and other conditions fulfill d) None of the above is correct

Last Answer : b) Second loan is permissible in the financial year in which 1st loan and interest thereon has been recovered provided the 1st loan was not taken in the same year and other conditions fulfill

Mark correct option a) The expression “postage” means the duty chargeable for the transmission by post of postal articles b) The expression “postage stamps” means any stamp provided by the [Central Government] for denoting postage or other fees or sums payable in respect of postal articles under this Act c) The expression “post office” includes every house, building, room, carriage or place used for the purposes of the Post Office. d) All the above

Description : Mark correct option a) The expression postage means the duty chargeable for the transmission by post of postal articles b) The expression postage stamps means any stamp provided by the [Central Government] ... room, carriage or place used for the purposes of the Post Office. d) All the above

Last Answer : d) All the above

The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities is known as (1) Consumer Protection (2) Consumer’s Decision (3) Consumer Preference (4) Consumer’s Sovereignty

Description : The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities is known as (1) Consumer Protection (2) Consumer’s Decision (3) Consumer Preference (4) Consumer’s Sovereignty

Last Answer : Consumer’s Sovereignty

A shopkeeper sold a toothpaste at a profit of 12.5%. His cost price was Rs.5 less than his selling price. find his cost price (in Rs.) a)30 b)36 c)40 d)50

Description : A shopkeeper sold a toothpaste at a profit of 12.5%. His cost price was Rs.5 less than his selling price. find his cost price (in Rs.) a)30 b)36 c)40 d)50

Last Answer : c)40

Whoever being appointed to selling postage stamp and sold excess rate a) Punishable with imprisonment for a term which may extend to 6 months/with fine which may extend to two hundred rupees, or with both; or b) Punishable with imprisonment for a term which may extend to two years, and shall also be punishable with fine c) Punishable with fine which may extend to two hundred rupees d) None of these

Description : Whoever being appointed to selling postage stamp and sold excess rate a) Punishable with imprisonment for a term which may extend to 6 months/with fine which may extend to two hundred rupees, or with ... with fine c) Punishable with fine which may extend to two hundred rupees d) None of these

Last Answer : c) Punishable with fine which may extend to two hundred rupees

‘Those profits which the person in wrongful possession of such property actually received or might with ordinary diligence have received there from, together with interest on such profits, but shall not include profits due to improvements made but the person in wrongful possession’ (a) Means profit (b) Interest (c) Principal sum (d) None of the above

Description : Those profits which the person in wrongful possession of such property actually  received or might with ordinary diligence have received there from, together with  interest on such profits, but shall not include profits ... (a) Means profit (b) Interest (c) Principal sum (d) None of the above

Last Answer : (a) Means profit

Under a perpetual inventory system, acquisition of merchandise is debited to the a. Merchandise Inventory account. b. Cost of Goods Sold account. c. Purchases account. d. Accounts Payable account.

Description : Under a perpetual inventory system, acquisition of merchandise is debited to the a. Merchandise Inventory account. b. Cost of Goods Sold account. c. Purchases account. d. Accounts Payable account.

Last Answer : a. Merchandise Inventory account.

he journal entry to record a return of merchandise purchased on account under a perpetual inventory system would include a. Accounts Payable Sales Returns and Allowances b. Purchase Returns and Allowances Accounts Payable c. Accounts Payable Inventory d. Merchandise Inventory Cost of Goods Sold

Description : he journal entry to record a return of merchandise purchased on account under a perpetual inventory system would include a. Accounts Payable Sales Returns and Allowances b. Purchase Returns and ... Accounts Payable c. Accounts Payable Inventory d. Merchandise Inventory Cost of Goods Sold

Last Answer : d. Merchandise Inventory Cost of Goods Sold

Some amount out of Rs.8500 was lent at 5% per annum and the remaining was lent at 3% per annum. If the total simple interest from both the fractions in4 years was Rs.1500, the sum lent at 5% per annum was a) Rs. 2400 b) Rs. 2200 c) Rs. 2000 d) Rs. 6000

Description : Some amount out of Rs.8500 was lent at 5% per annum and the remaining was lent at 3% per annum. If the total simple interest from both the fractions in4 years was Rs.1500, the sum lent at 5% per annum was a) Rs. 2400 b) Rs. 2200 c) Rs. 2000 d) Rs. 6000

Last Answer : D Total simple interest received , I = Rs.1500 Principal , p = 8500 period, n = 4 years Rate of interest, r = ? Simple Interest, I=PNR/100 1500 = ( 8500 4 r )/ 100  = ... total amount is Rs.8500.  Therefore, the amount lent at 5% per annum (part1 amount) = 8500x12/17  = 6000 

(i) Sale or purchase of goods or services for a certain value to be receivable or payable in the future.

Description : (i) Sale or purchase of goods or services for a certain value to be receivable or payable in the future.

Last Answer : Give the word term or phrase which can substitute each of the following statement : (i) ... services are withdrawn by the proprietor for self-use.