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

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Q:

Which of the following is used to get relief when you have been stung by a honeybee?

A) Common salt	B) Baking soda
C) Acetic acid	D) Washing soda

Answer & Explanation Answer: B) Baking soda

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Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same	B) higher
C) lower	D) minimum

Answer & Explanation Answer: A) same

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Q:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

A) Price	B) Substitution
C) Supply	D) Demand

Answer & Explanation Answer: D) Demand

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Q:

As per RBI In October 2017, Gross Non-Performing Assets (GNPA) ratio for NBFCs increased to what percentage till March 2017?

A) 2	B) 5
C) 10	D) 20

Answer & Explanation Answer: B) 5

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Q:

Purchase of fixed assets on credit is originally recorded in

A) Purchases book	B) Journal Proper
C) Cash book	D) Ledger

Answer & Explanation Answer: B) Journal Proper

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Q:

The public debt is the

A) total amount borrowed by the government of a country	B) The funds raised for a cause in the country
C) the tax amount overall the country	D) none

Answer & Explanation Answer: A) total amount borrowed by the government of a country

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Q:

Which among the following is NOT same as reproduction?

A) Regeneration	B) Budding
C) Vegetative Propagation	D) Spore formation

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