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Q:

A and B start a business jointly. A invests Rs. 16,000 for 8 months and B remains in  the business for 4 months, Out of total profit, B claims - of the profit. How much money was contributed by B ?

A) 12000 B) 12800
C) 13000 D) 14500
 
Answer & Explanation Answer: B) 12800

Explanation:

Let the total profit be Rs. x. Then, B = 2x/7 and A = (x - 2x /7) =  5x / 7.

So, A : B = 5x/7 : 2x/7 = 5 : 2.

Let B s capital be Rs. y. Then, (16000 * 8) / ( y * 4) = 5/2  <=> (16000 * 8 * 2) / (5 * 4) = 12800..  

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Filed Under: Partnership

Q:

Which one of the following is NOT an example of economic overheads

A) Schools B) Sanitary Facilities
C) Roads and Rrailways D) Coal Mines
 
Answer & Explanation Answer: D) Coal Mines

Explanation:
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Filed Under: Indian Economy

Q:

What word will come in middle if all of the following are arranged alphabetically as in a dictionary?

Donkey, Donator, Donjon, Donate, Donative.

A) Donkey B) Donator
C) Donjon D) Donative
 
Answer & Explanation Answer: B) Donator

Explanation:

Donate, Donative, Donator, Donjon, Donkey

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Filed Under: Alphabet Test

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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Filed Under: Partnership

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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Filed Under: Indian Economy

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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Filed Under: Partnership

Q:

Which one of the following can be called as a part of the Service Sector

A) Textile Mills B) Banking
C) Coal mines D) Agriculture
 
Answer & Explanation Answer: B) Banking

Explanation:
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Filed Under: Indian Economy