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Q:

The expenses of a person increase by Rs. 50000 for every month in February and March. If his expenses in January was Rs. 50000, calculate his average expenditure (in Rs.) from January to March.

A) 100000 B) 150000
C) 75000 D) 50000
 
Answer & Explanation Answer: A) 100000

Explanation:
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Filed Under: Simplification
Exam Prep: Bank Exams

Q:

The income of S, T and U are in the ratio of 7 : 9 : 6 and their expenses in the ratio of 4 : 5 : 3. If S saves Rs 2000 out of an income of Rs 14000, then what will be the saving (in Rs) of T?

A) 2400 B) 1500
C) 3000 D) 2000  
 
Answer & Explanation Answer: C) 3000

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

Q:

The income of P, Q and R are in the ratio of 5 : 4 : 3 respectively and their expenses are in the ratio of 6 : 5 : 4 respectively. If P saves Rs 4000 out of an income of Rs 10000, then what will be the saving (in Rs) of Q?

 

A) 2500 B) 3000
C) 4500 D) 2000
 
Answer & Explanation Answer: B) 3000

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

Q:

Which of these is the best description of fixed expenses?

 

A) Insurance B) Payment on loans
C) Rent D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Fixed expenses are those expenses that do not change when there is a change in production or sales level.

 

Examples of Fixed Expenses are rent, insurance, payment on loans, salaries, advertising, etc...

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Expenses are recognized when

A) they are paid. B) they contribute to the production of revenue.
C) the invoice is received. D) they are billed by the supplier.
 
Answer & Explanation Answer: B) they contribute to the production of revenue.

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

Q:

If expenses are paid in cash then

A) assets will decrease. B) assets will increase.
C) liabilities will decrease. D) stockholders' equity will increase.
 
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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Refer the below data table and answer the following question.

Labour and Interests are what percent of total expenses?

 

A) 47.62 percent B) 40.37 percent
C) 33.12 percent D) 54.87 percent
 
Answer & Explanation Answer: A) 47.62 percent

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Filed Under: Table Charts
Exam Prep: Bank Exams

Q:

Refer the below data table and answer the following question.

Labour and Interests are what percent of total expenses?

A) 20.34 percent B) 13.09 percent
C) 34.84 percent D) 27.59 percent
 
Answer & Explanation Answer: D) 27.59 percent

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Filed Under: Table Charts
Exam Prep: Bank Exams