BAD
Question : Which of the following statements are correct with respect of the debt collection period?
Option 1: Increase in average collection period indicates the excessive blockage of funds with trade receivables which increases the chances of bad debts.
Option 2: A higher average collection period is thus, an indication of the inefficiency and negligency on the part of management.
Option 3: if there is decrease in average collection period, it indicates prompt payment by trade receivables which reduces the chances of bad debts.
Option 4: All of the above
Correct Answer: All of the above
Solution : Answer = All of the above.
An increase in the average collection period signals a potential risk of bad debts due to funds being tied up longer. A higher collection period reflects management inefficiency. Conversely, a decrease suggests prompt payment, reducing
Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
If there was such a thing as perfect food, eggs would be a ________ (1)________. They are readily available, easy to cook, affordable, and packed ________ (2) ________ protein. An egg is meant to be something that has all the right ingredients to grow an organism, so obviously, it is very nutrient-dense. Eating eggs alongside other food can ________ (3) ________ our bodies absorb more vitamins too. For example, one study found that adding an egg to a salad can increase how much vitamin E we get from the salad. But for decades, eating eggs has also been controversial due to their ________ (4) ________ cholesterol content, which some studies have linked to an increased risk of heart disease. Cholesterol, a yellowish fat produced in our liver and intestines, can be found in every one of our body's cells. We ________ (5) ________ think of it as bad. But cholesterol is a crucial building block in our cell membranes. It is also needed for the body to make vitamin D and the hormones testosterone and oestrogen.
Select the most appropriate option to fill in the blank number 5.
Option 1: normally
Option 2: remotely
Option 3: excitedly
Option 4: intermittently
Correct Answer: normally
Solution : The correct choice is the first option.
Explanation: The context suggests that there is a common perception of cholesterol as "bad". To maintain this contrast, the appropriate word for the blank should convey a sense of how we generally perceive cholesterol. The most suitable
In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each blank.
The rain was coming down relentlessly. Even (1)______ a fast windscreen wiper, the road was (2)____ visible in the dark. Away from the noisy station we had just left, I (3)_____ the empty roads. Indeed, who would be walking (4)____ at such a late hour in the pouring rain? Shekhar was (5)____ steady driver as a rule, but we (6)____ both worried by now and he was already driving (7)______ fast. The road conditions were (8)____ from good. It was a bad ride, but we barely noticed it as we were so (9)______. The only thing I was worried about was finding my daughter, a young, (10)_______ girl alone on the streets at this hour.
Question:
Select the most appropriate option to fill in the blank 4.
Option 1: in
Option 2: of
Option 3: about
Option 4: within
Correct Answer: about
Solution : The correct choice is the third option.
The preposition about is used to indicate movement or activity in a general area. In this context, it suggests walking around or being present in the surroundings at such a late hour in the pouring rain.
Question : Which law states that bad money drives good money out of circulation?
Option 1: Wagner's law
Option 2: Grimm's law
Option 3: Gresham's law
Option 4: Keynes' law
Correct Answer: Gresham's law
Solution : The correct option is Gresham's law.
Gresham's law states that money of lower quality will eventually replace the higher value. It's a principle commonly invoked to explain situations involving two types of value circulating concurrently, one possessing greater intrinsic worth (good money) and the
Every now and then there are going to be bad days, tough days, mood swings and all things nasty that may put a (1) ______ on our happy days. At any given moment, however, we are the ones who can make a (2)______ between letting these things get in the way or pushing them right out by (3) ______ time in things or people (4) ______ make us happy. I've had this list of things that have made me happy for years now. I made it back to college to help me deal with some difficult times that I faced then. Even today, every now and then when things go (5) ______ I always go back to this, and one or more things listed here always light me up!
Option 1: wrong
Option 2: slow
Option 3: right
Option 4: fast
Correct Answer: wrong
The word wrong is the appropriate word, as it helps complete the phrase when things go wrong. It implies a situation where the speaker faces challenges or difficulties. In response to these challenges, the speaker refers
Select the most appropriate option to fill in the blank 8.
Option 1: farthest
Option 2: further
Option 3: farther
Option 4: far
Correct Answer: far
Solution : The correct choice is the fourth option.
In the phrase far from good, far is used figuratively to express a great distance in quality or condition. It emphasises that the road conditions were not just slightly bad, but very much so.
Question :
In these questions some of the sentences have errors and some have none. Find out which part of a sentence has an error and indicate it corresponding to the appropriate letters. If there is no error, indicate corresponding to the last option.
In order to give up the bad habit (1) / of drinking, use of medicine or (2) / similar other method (3) / can be helped (4).
Option 1: In order to give up the bad habit
Option 2: of drinking, use of medicine or
Option 3: similar other method
Option 4: can be helped
Correct Answer: can be helped
Solution : There is an error in the option 4. We need to use "Can be helpful" instead of " can be helped".
Help is a verb however helpful is adjective.
Help means by offering one's services or resources, one can make anything easier or
Question : In the following question, out of the given four alternatives, select the alternative which best expresses the meaning of the Idiom / Phrase.
Wet behind the ears
Option 1: A sudden change in fortune due to a windfall
Option 2: To place a bad bet
Option 3: To be young and without experience
Option 4: To win a bet
Correct Answer: To be young and without experience
The phrase wet behind the ears is an idiomatic expression used to describe someone who is inexperienced or new to a situation. It refers to a person who lacks experience or maturity
Select the most appropriate option to fill in the blank number 2.
Option 1: choice
Option 2: difference
Option 3: gap
Option 4: bridge
Correct Answer: choice
The word choice in this context indicates that individuals have the power to decide how they respond to challenging situations. It suggests that, despite external difficulties, individuals have the agency to make decisions about their attitudes and
Question : Murari and Vohra of Chandigarh were partners in a firm with capitals of Rs. 1,20,000 and Rs. 1,60,000 respectively. On 1.4.2018 they admitted their manager, Robin Gurung of Meghalaya, as a partner for one-fourth share in profits on his payment of Rs.2,00,000 as his capital and Rs. 90,000 for his one-fourth share of goodwill.
On that date, the creditors of Murari and Vohra were Rs. 60,000 and Bank overdraft was Rs. 15,000. Their assets apart from cash included Stock Rs. 10,000 ; Debtors Rs.40,000; Plant and Machinery Rs.80,000; Land and Building Rs.2,00,000. It was agreed that stock should be depreciated by Rs.2,000; Plant and Machinery by 20%, Rs. 5,000 should be written off as bad debts and Land and Building should be appreciated by 25%.
Question: Total assets side of new firm balance sheet is
Option 1: Rs 6,55,000
Option 2: Rs 6,57,000
Option 3: Rs 6,60,000
Option 4: Rs 6,00,000
Correct Answer: Rs 6,57,000
Solution : Answer = Rs 6,57,000
Total Assets = 1,78500 + 218500 + 200000 + 60,000+15000
= 6,57,000. Hence, the correct option is 2.
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