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Question : Case Study 30
LMN Corporation is a conglomerate that has executed trades on a stock exchange. The company's management is preparing for the settlement process.
Question :
What does the settlement process involve after LMN Corporation executes trades on the stock exchange?
Option 1: Selecting a broker
Option 2: Matching buy and sell orders
Option 3: Transferring ownership and funds
Option 4: Opening a demat account
Correct Answer: Transferring ownership and funds
Solution : The correct answer is (c) Transferring ownership and funds
The settlement process, after LMN Corporation executes trades on the stock exchange, involves transferring ownership and funds. In this phase, the actual transfer of securities (ownership) and funds (money) occurs between the buyer
Hello aspirant,
The JEE Advanced cutoff 2023 for IIT Bombay has been made available online by JoSAA. After every counselling round, the JEE Advanced cutoff for IIT Bombay 2023 is announced. The minimum score needed by applicants to be admitted to the institutes' courses is known as the IIT Bombay
Question : Directions: Town M is to the west of Town D. Town C is to the south-west of Town D. Town D is to the north of Town B. Town A is to the south of Town C. Town M is to the north of Town C. Town B is to the north-east of Town A. What is the position of Town B with respect to Town M?
Option 1: North
Option 2: East
Option 3: South-east
Option 4: North-west
Correct Answer: South-east
Solution : Firstly, we will draw the diagram as per the given instructions –
So, from the above diagram, B is in the South-east direction concerning M's position. Hence, the third option is correct.
Question : A and B are business partners who split gains and losses 2:1. New partner C is entered, and the profit sharing ratio changes to 4: 3: 2. The value of goodwill is Rs. 94,500. C provides the needed goodwill and money. The amount of goodwill that will be credited to C is -
Option 1: A: Rs. 12,000 and B: Rs. 9,000
Option 2: A: Rs. 14,000 and B: Rs. 7,000
Option 3: A: Rs. 21,000
Option 4: A: Rs.94,500
Correct Answer: A: Rs. 21,000
Solution : The premium for goodwill is given only on the sacriface made by the old partner in their Sacrifice ratio.
Sacrifice ratio = Old ratio - New ratio
A's Sacrifice = 2/3 - 4/9 = 2/9
B's Sacrifice = 1/3 - 3/9 = 0/9
Question : Direction: In the given question, select the related letter from the given alternatives.
MOUSE : KPSTC :: LIGHT : ?
Option 1: MJHIU
Option 2: MGHFU
Option 3: JGEFR
Option 4: JJEIR
Correct Answer: JJEIR
Solution : Given:
Here, MOUSE → KPSTC
M – 2 = K ; O + 1 = P ; U – 2 = S ; S + 1 = T ; E – 2 = C
Similarly, L – 2
Question : Directions: In the following question, select the related word from the given alternatives. Magazine : Editor :: Drama : ?
Option 1: Director
Option 2: Hero
Option 3: Heroine
Option 4: Painter
Correct Answer: Director
Solution : Given: Magazine : Editor :: Drama : ?
A magazine is published by an editor. Similarly, a drama is directed by a director.
Hence, the first option is correct.
Question : Profit and Loss Appropriation Account is prepared to
Option 1: creat Reserve Fund
Option 2: find out Net Profit
Option 3: find out Divisible Profit
Option 4: none of these
Correct Answer: find out Divisible Profit
Solution : Profit and Loss Appropriation Account is prepared to find out a divisible profit. In this account, appropriations made to partners are recorded. Hence, the correct option is 3.
Question : What is the Earth's escape velocity?
Option 1: 2.8 km/s
Option 2: 5.6 km/s
Option 3: 11.2 km/s
Option 4: 14 km/s
Correct Answer: 11.2 km/s
Solution : The correct option is 11.2 km/s.
The term "escape velocity" refers to the velocity at which a moving object, such as a rocket, must be travelling to leave the gravitational field of a celestial body, such as the Earth, and travel into space.
Question : Directions: Which of the following letter clusters will replace the question mark (?) in the given series? VC, WD, XE, YF, ZG, AH, ?
Option 1: BI
Option 2: IB
Option 3: BJ
Option 4: ID
Correct Answer: BI
Solution : Given: VC, WD, XE, YF, ZG, AH, ?
In the above-given series, add 1 to the place value of each letter of the previous term to get the next term. VC→V + 1 = W; C + 1 = D WD→W + 1 = X;
Question : Identify the INCORRECTLY spelt word in the given sentence. A study of metaphysics is the study of the nature of realty, of what exists in the world, what it is like and how it is ordered.
Option 1: metaphysics
Option 2: Study
Option 3: Nature
Option 4: Realty
Correct Answer: Realty
Solution : The correct choice will be the fourth option.
The incorrectly spelt word in the given sentence is realty. The correct spelling is reality.
Realty refers to real estate or property, while reality refers to the state of things as they exist, the nature of the
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