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Q:

In India ,Hindu Rate of growth is associated with which of the following

A) Birth Rate B) Population
C) Per Capita Income D) National Income
 
Answer & Explanation Answer: D) National Income

Explanation:
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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:

The base year for computation of National Income in India is

A) 1990 - 91 B) 1993 - 94
C) 1999 - 2000 D) 2000 - 01
 
Answer & Explanation Answer: B) 1993 - 94

Explanation:
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Q:

The main source of National Income in India is

A) Service Sector B) Agriculture
C) Industrial Sector D) Trade Sector
 
Answer & Explanation Answer: A) Service Sector

Explanation:
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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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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:

What is the full form of GDP

A) Gross domestic product B) Global domestic Ratio
C) Gross depository revenue D) Global depository receipts
 
Answer & Explanation Answer: A) Gross domestic product

Explanation:

GDP full form is Gross domestic product.

 

It is a measurement of a nation’s overall economic activity. 

GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

 

gdp_full_form_is1536139309.jpg image

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Filed Under: Indian Economy
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