Question : Which kind of power accounts for the largest share of power generation in India ?

Option 1: hydro-electricity

Option 2: thermal

Option 3: nuclear

Option 4: solar

Question : According to the data of 2011-12, Under regular salaried employment , the major source of livelihood for both men and women accounts for
 

Option 1: 29%, 10%
 

Option 2: 20%, 13%
 

Option 3: 21%, 14%
 

Option 4: 24%, 16%.
 

Question : Anupma, Pumima and Ruchika are partners in a business. Balances in their Capital and Current Accounts as on 31st March. 2019 were :

                            Capital Account            Current Account

                                  (Rs.)                                (Rs.)

Anupma                6,00,000                         60,000 (Dr.)

Pumima                 5,00,000                        30,000 (Dr.)

Ruchika                  5,00,000                       10,000 (Cr.)

The firm earned an average profit of Rs.2,40,000. If the normal rate of return is 12%, the value of goodwill by Capitalisation of the Average Profit Method will be:

Option 1: 4,80,000

Option 2: 3.80,000

Option 3: 5,60,000

Option 4: Nil 

Question : Statement 1: In management accounting, data from cost accounting and financial accounting are both used.
Statement 2: Therefore, a suitable system is required to combine cost accounts and financial accounts.

Option 1: Both the statements are true

Option 2: Both the statements are false

Option 3: Statement 1 is true and statement 2 is false

Option 4: Statement 1 is false and statement 2 is true

Question : The following Bar Graph displays the highest, average and lowest marks obtained in Accounts, Business Studies, Economics and English by students of Class XII in an Examination. The maximum mark for each subject is 100. Study the graph carefully and answer the question that follows:
 
Which of the two Highest Scores is better and by how much?
The combined Highest Score of Accounts and Business Studies or the Highest Score of Economics and English taken together.

Option 1: Economics and English by 10

Option 2: Accounts and Business Studies by 9

Option 3: Accounts and Business Studies by 8

Option 4: Economics and English by 8

Question : Which of the following accounts are opened when partners have fixed capital?

Option 1: Capital A/cs

Option 2: Current A/cs

Option 3: Both Capital A/cs and Current A/cs

Option 4: Either Capital A/cs or Current A/cs

Question :  ___________ is a type of banking service that allows customers to access their bank accounts and perform transactions through the internet.

Option 1: Online banking

Option 2: Mobile banking

Option 3: Telephone banking

Option 4: ATM banking

Question :  In the context of medieval travelers' writings, for whom were these accounts primarily written?  

Option 1: For the general public 

Option 2: For fellow travelers

Option 3:  For the travelers' patrons or sponsors 

Option 4: For historians 

Question : A, B and C are sharing profits in the ratio of 4:3:2. A dies on 31st December 2017. Accounts are closed on 31st March every year. Sales for the year ending 31st March 2017 amounted to Rs.4,00,000. Sales of Rs.3,30,000 amounted between the period from  1st April 2017 to 31st December 2017. The profit for the year ending 31st March 2017 amounted to Rs.60,000.

The deceased partner’s share in the current year’s profits of the firm will be 

Option 1: Rs 24,000

Option 2: Rs 18,000

Option 3: Rs 10,000

Option 4: Rs 22,000

Question : A and T are equal partners with fixed Capitals of Rs. 2,00,000 and Rs. 1,00,000, respectively. After closing the accounts for the year ending 31st March 2019. It was discovered that interest on capital 8% p.a. was omitted to Be provided. In the adjustment Entry:

Option 1: A will be credited By Rs. 16,000 and
T will be debited by Rs. 8,000

Option 2: A will be debited By Rs. 16,000 and
T will be debited by Rs. 8,000

Option 3: A will be credited By Rs. 4,000 and
T will be debited by Rs. 4,000

Option 4: A will be debited by Rs. 4,000 and
T will Be credited by Rs. 4,000.