Questions

Q:

If for the year a country's GDP was $ 1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were $85 million and imports were $100 million, calculate government spending?

A) $220 million B) $250 million
C) $580 million D) $610 million
 
Answer & Explanation Answer: B) $250 million

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Q:

In which of the following is true for instruments of Monetary Policy?

A) Open market operations B) Bank rate policy
C) Selective credit controls D) All options are correct
 
Answer & Explanation Answer: D) All options are correct

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: Those who say death should be the punishment in some cases, agree that it is to be in special cases alone, the most heinous and gravest of crimes.
Q: They feel that it is only fear of severe punishment that will deter the criminal and reduce the occurrence of heinous crimes.
R: The advocates and the abolitionists of capital punishment have their own arguments in support of their stand.
S: The most prominent argument put forth by the advocates of the death penalty is that of deterrence.

 

A) RPSQ B) PQSR
C) SQPR D) QPSR
 
Answer & Explanation Answer: A) RPSQ

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Q:

The female reproductive part of a flower is called

A) Petals B) Sepals
C) Carpel D) Stamens
 
Answer & Explanation Answer: C) Carpel

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Q:

Who won majority of the men's singles tennis grand slam tournaments in 2015?

A) Andy Murray B) Novak Djokovic
C) Roger Federer D) Stanislas Wawrinka
 
Answer & Explanation Answer: B) Novak Djokovic

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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 express the same sentence in Indirect/Direct speech.

 

The wayfarer said to me, "Do you know the way to the Asiad village?"

 

A) The wayfarer asked me if I did know the way to the Asiad village. B) The wayfarer asked me if I knew the way to the Asiad village.
C) The wayfarer asked me if he knew the way to the Asiad village. D) The wayfarer asked me that if I knew the way to the Asiad village.
 
Answer & Explanation Answer: B) The wayfarer asked me if I knew the way to the Asiad village.

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: But when it comes to negative human rights reports or one on the environment, it rubbishes them.
Q: This kind of behaviour isn’t going to solve the problem.
R: Every government is quick to accept reports that give it a pat on the back – as the Indian government was after the latest ease of doing business report.
S: No government likes negative reports on its performance.

A) RSPQ B) PRSQ
C) SRPQ D) RPSQ
 
Answer & Explanation Answer: C) SRPQ

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Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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