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Q:

A, B and C enter into a partnership. They invest Rs. 40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000, while at the end of the second year, C withdraws Rs. 80,000. In what ratio will the profit be shared at the end of 3 years ?

A) 2 : 3 : 5	B) 3 : 4 : 7
C) 5 : 6 : 4	D) 1 : 3 : 5

Answer & Explanation Answer: B) 3 : 4 : 7

Explanation:

A : B : C = (40000 x 36) : (80000 x 12 + 40000 x 24) : (120000 x 24 + 40000 x 12)

= 144 : 192 : 336

= 3 : 4 : 7.

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Filed Under: Partnership

Q:

A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and A's share is Rs. 855, the total profit is :

A) 500	B) 1000
C) 1500	D) 2000

Answer & Explanation Answer: C) 1500

Explanation:

Let the total profit be Rs. 100.

After paying to charity, A's share = (95*3/5) = Rs. 57.

If A's share is Rs. 57, total profit = Rs. 100.

If A's share is Rs. 855, total profit = (100/57*855) = 1500.

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Q:

National Income estimates in India are prepared by

A) Planning Commission	B) Reserve Bank of India
C) Central statistical organisation	D) Indian statistical Institute

Answer & Explanation Answer: C) Central statistical organisation

Explanation:

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Filed Under: Indian Economy

Q:

Which sector of Indian Economy contributes largest to the Gross National Product

A) Primary sector	B) Secondary sector
C) Tertiary sector	D) Public Sector

Answer & Explanation Answer: C) Tertiary sector

Explanation:

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Q:

Aman started a business investing Rs. 70,000. Rakhi joined him after six months with an amount of Rs. 1,05,000 and Sagar joined them with Rs. 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Aman, Rakhi and Sagar respectively, 3 years after Aman started the business ?

A) 11 : 13 : 15	B) 11 : 13 : 17
C) 12 : 17 : 18	D) 12 : 15 :16

Answer & Explanation Answer: D) 12 : 15 :16

Explanation:

Aman : Rakhi : Sagar = (70000 x 36) : (105000 x 30) : (140000 x 24) = 12 : 15 : 16.

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Q:

Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit ?

A) 10110	B) 10500
C) 12000	D) 13000

Answer & Explanation Answer: B) 10500

Explanation:

Simran : Nanda = (50000 * 36) : (80000 * 30) = 3 : 4.

Simran's share = Rs. ( 24500 * 3/7) = Rs. 10500.

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Q:

Which of the following is definitelyy a major indication of the state of the economy of the country

A) rate of GDP growth	B) rate of inflation
C) number of banks in a country	D) stock of food grains in a country

Answer & Explanation Answer: A) rate of GDP growth

Explanation:

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Filed Under: Indian Economy

Q:

Reena and Shaloo are partners in a business, Reena invests Rs, 35,000 for 8 months and Shaloo invests Rs. 42,000 for 10 months, out of a profit of Rs. 31,570, Reena's share is :

A) 12628	B) 18245
C) 11235	D) 10253

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