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Q:

A began a business with Rs. 85,000. He was joined afterwards by B with Ks. 42,500. For how much period does B join, if the profits at the end of the year are divided in the ratio of 3 : 1 ?

A) 4 months B) 5 months
C) 6 months D) 8 months
 
Answer & Explanation Answer: D) 8 months

Explanation:

Suppose B joined for x months . Then,  ( 85000 * 12 )/(42500 * x) = 3. or x = (85000 * 12) / (42500 * 3) = 8.

So, B joined for 8 months.

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Filed Under: Partnership

Q:

X and Y invested in a business. They earned some profit which they divided in the ratio of 2 : 3. If X invested Rs. 40,000, the amount invested by Y is :

A) 20000 B) 40000
C) 60000 D) 80000
 
Answer & Explanation Answer: C) 60000

Explanation:

Suppose Y invested Rs. y. Then 40000/y = 2/3 or y = 60000 .

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Filed Under: Partnership

Q:

If 4 (A's capital) = 6 (B's capital) = 10 (C's capital), then out of a profit of Rs. 4650, C will receive ____

A) Rs.700 B) Rs.800
C) Rs.900 D) Rs.1000
 
Answer & Explanation Answer: C) Rs.900

Explanation:

Let 4A = 6B = 1OC = k. Then, A = k/4, B = k/6,  and C =k/10 .

 

A : B :C = k/4 : k/6 : k/10 = 15 : 10 : 6.

 

Hence, C's share (4650 *  6/31) = Rs, 900.

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Filed Under: Partnership

Q:

The National Income of a country is

A) The annual revenue of the Governament B) Sum total of factor incomes
C) Surplus of public sector Undertaking D) Export minus Imports
 
Answer & Explanation Answer: B) Sum total of factor incomes

Explanation:
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Filed Under: Indian Economy

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:

As the economy develops, the share of the tertiary sector in the GDP

A) Decrease B) Decrease than Increase
C) Increases D) Remain Constant
 
Answer & Explanation Answer: C) Increases

Explanation:
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Filed Under: Indian Economy

Q:

Who wrote a book describing the theory of economic drain of India during British rule

A) Late lajpat rai B) Mahatma Gandhi
C) Jawaharlal nehru D) Dadabhai naoroji
 
Answer & Explanation Answer: D) Dadabhai naoroji

Explanation:
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Filed Under: Indian Economy

Q:

Hindu rate of growth refers to the rate of growth of

A) GDP B) Population
C) Foodgrains D) Per captain income
 
Answer & Explanation Answer: A) GDP

Explanation:
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Filed Under: Indian Economy