Questions

Q:

The term 'Macro Economics' was used by __________

A) J.M. Keynes B) Ragner Frisch
C) Ragner Nurkse D) Prof. Knight
 
Answer & Explanation Answer: B) Ragner Frisch

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Q:

The goal of expansionary fiscal policy is to increase

A) Unemployment B) The price level
C) Aggregate supply D) Real GDP
 
Answer & Explanation Answer: D) Real GDP

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Filed Under: Indian Economy
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Q:

On 3 January 2018, Lok Sabha passed Ancient Monuments and Archaeological Sites and Remains (Amendment) Bill, 2017. The Bill empowers ______ to allow works in a prohibited area.

 

 

A) State Government   B) Central Government  
C) Local Panchayat D) Municipal Corporation
 
Answer & Explanation Answer: B) Central Government  

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Q:

The G-20 Summit in November 2015 was organized in which European Country?

A) Germany B) Turkey
C) France D) Spain
 
Answer & Explanation Answer: B) Turkey

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Filed Under: General Awareness
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select No Error.

 

If life existed on Mars, it is most likely to be in (1)/ the form of bacteria buried deep in (2)/ the planet’s permafrost or lichens. (3)/ No error (4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

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Filed Under: English
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Q:

Rajesh walks 2 km to south, then turns north­east, and walks 3 km. Then he turns south and walks 2 kms. Then he turns west and walks 4 kms. Finally, he turns north­west and walks 5 kms. In which direction is he from his starting point?

A) North-­west B) North-east
C) South-east D) South-west
 
Answer & Explanation Answer: A) North-­west

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Q:

A series is given with one term missing. Select the correct alternative from the given ones that will complete the series.

MPK, NRN, OTQ, PVT, ?

A) QXW B) PYY
C) PYX D) QXY
 
Answer & Explanation Answer: A) QXW

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Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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