Questions

Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

My brother said, "I was not making a noise thus I did not disturb the neighbours."

A) My brother said that he had not been making a noise so he has not been disturbing the neighbours. B) My brother said that he was not making a noise so he had not disturbed the neighbours.
C) My brother said that was not making a noise so he has not disturbed the neighbours. D) My brother said that he had not been making a noise so he had not disturbed the neighbours.
 
Answer & Explanation Answer: D) My brother said that he had not been making a noise so he had not disturbed the neighbours.

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Very simply, a checklist is a list of items required, things to be done or points to be considered, used as a reminder. This is clear. Is the _______________ implication equally clear? Perhaps not. A checklist is purely objective, no _______________ is involved. That means, if the checklist is framed as a set ______ questions, the answer to every question can only be a binary “Yes” _______ “No” and nothing in between; no shades of grey. Such objectivity is the very antithesis of the education system today, both in the way teaching happens and in the ____________ of the student.

 

Is the _______________ implication equally clear? Perhaps not.

A) consequences B) consequence
C) consequential D) consequentially
 
Answer & Explanation Answer: C) consequential

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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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Q:

The consumption schedule relates:

A) disposable income to domestic income. B) consumption to the level of disposable income.
C) consumption to saving. D) saving to the level of disposable income.
 
Answer & Explanation Answer: B) consumption to the level of disposable income.

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Q:

Management accountants would not

A) prepare reports primarily for external users. B) be concerned with the impact of cost and volume on profits
C) assist in budget planning. D) determine cost behavior.
 
Answer & Explanation Answer: A) prepare reports primarily for external users.

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Q:

Which one of the following elements has the lowest atomic mass?

A) Lithium B) Nitrogen
C) Hydrogen D) Helium
 
Answer & Explanation Answer: C) Hydrogen

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

Many of us have striving to produce (1)/ a blend of all cultures that seem (2)/ today to be in clash with one another. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

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