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Q:

National Income based on the 

A) total revenue of the state B) production of goods and services
C) net profit earned and expenditure made by the state D) the sum of all fractions of income
 
Answer & Explanation Answer: B) production of goods and services

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
 
Answer & Explanation Answer: A) 12628

Explanation:

Ratio of their shares = (35000 * 8) : (42000 * 10) = 2 : 3.

Reena's share Rs. 31570 * (2 / 5) = Rs. 12628.

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Filed Under: Partnership

Q:

Net National product of a country is

A) GDP minus depreciation allowances B) GDP plus net income from abroad
C) GNP minus net income from abroad D) GNP minus depreciation allowances
 
Answer & Explanation Answer: D) GNP minus depreciation allowances

Explanation:
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Filed Under: Indian Economy

Q:

Which one of the following is NOT amethod of measurement of National Income

A) Value added method B) Income method
C) Expenditure method D) Investment method
 
Answer & Explanation Answer: D) Investment method

Explanation:
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Filed Under: Indian Economy

Q:

A and B are partners in a business. A contributes 1/4 of the capital for 15 months and B received 2/3 of the profit. For how long B's money was used ?

A) 3 months B) 6 months
C) 10 months D) 12 months
 
Answer & Explanation Answer: C) 10 months

Explanation:

Let the total profit be Rs. z. Then,

B's share = Rs. 2z/3,  A's share = Rs. ( z - 2z/3 ) = Rs. z/3.

A : B = z/3 : 2z/3 = 1:2

Let the total capital be Rs, X and suppose B's money was used for x months. Then.

(1(x) / 4 * 15) / (3x) / 4 * y) = 1/2 <=> y = (15 * 2 / 3) = 10 .

 Thus, B's money was used for 10 months.

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Q:

Which sector of Indian Economy has shown remarkable expansion during the last decade

A) Primary sector B) Secondary sector
C) Terrrtiary sector D) Mining sector
 
Answer & Explanation Answer: C) Terrrtiary sector

Explanation:
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Filed Under: Indian Economy

Q:

P and Q started a business investing Rs, 85,000 and Rs. 15,000 respectively. In what ratio the profit named after 2 years bo divided between P and Q respectively ?

A) 17:23 B) 17:3
C) 17:33 D) 3:4
 
Answer & Explanation Answer: B) 17:3

Explanation:

P : Q = 85000 : 15000 = 86 : 15 = 17 : 3 .

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Q:

Where did India play its 1st One Day International match?

A) Lords B) Headingley
C) Taunton D) The Oval
 
Answer & Explanation Answer: B) Headingley

Explanation:

India play its 1st One Day International match in cricket against England in the year 1974 in Headingley in Leeds.

Where_did_India_play_its_1st_One_Day_International_match1552388512.jpg image

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Filed Under: Sports
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