Question : A, B and C were partners sharing profits in the proportion of one-half, one-fourth and one-fourth respectively. As of March 31, 2018, A’s capital is Rs 1,00,000 and A’s loan account ( debit Balance ) is Rs 30,000. A died on 1st April 2018. According to the partnership agreement, the goodwill was to be calculated at two two-year purchases of average profits of three completed years preceding the death or retirement of a partner. The deceased partner’s share of capital and goodwill, etc., was paid out in cash on 4th April 2018, the available cash balance being supplemented by a loan from the film’s banker on the security of the freehold property. The net profits of the years ending 31st March, 2016, 2017 and 2018 were Rs.55,000, Rs.48,000 and Rs.65,000 respectively.
Q. Amount paid to A's Executors through the bank will be

Option 1: Rs 1,26,000

Option 2: Rs 1,16,000

Option 3: Rs 10,000

Option 4: None of the above

Question : Which of the following is not the function of the central bank of the country?

Option 1: It controls money supply of the country.

Option 2: It acts as a banker to the government.

Option 3: It accepts deposits from the public.

Option 4: It issues the currency of the country.

Question : A, B and C were partners sharing profits in the proportion of one-half, one-fourth and one-fourth respectively. As of March 31, 2018, A’s capital is Rs 1,00,000 and A’s loan account ( debit Balance ) is Rs 30,000. A died on 1st April 2018. According to the partnership agreement, the goodwill was to be calculated at two two-year purchases of average profits of three completed years preceding the death or retirement of a partner. The deceased partner’s share of capital and goodwill, etc., was paid out in cash on 4th April 2018, the available cash balance being supplemented by a loan from the film’s banker on the security of the freehold property. The net profits of the years ending 31st March 2016, 2017 and 2018 were Rs.55,000, Rs.48,000 and Rs.65,000 respectively.
Q. Amount due to A transferred to his Executor’s A/c will be --------

Option 1: Rs 1,00,000

Option 2: Rs 1,26,000

Option 3: Rs 2,00,000

Option 4: None of the above

Question : A, B and C were partners sharing profits in the proportion of one-half, one-fourth and one-fourth respectively. As of March 31,2018, A’s capital is Rs 1,00,000 and A’s loan account ( debit Balance ) is Rs 30,000. A died on 1st April 2018. According to the partnership agreement, the goodwill was to be calculated at two two-year purchases of average profits of three completed years preceding the death or retirement of a partner. The deceased partner’s share of capital and goodwill, etc., was paid out in cash on 4th April 2018, the available cash balance being supplemented by a loan from the film’s banker on the security of the freehold property. The net profits of the years ending 31st March 2016, 2017 and 2018 were Rs.55,000, Rs.48,000 and Rs.65,000 respectively.
Q. Loan taken from the bank will be

Option 1: Rs 1,26,000

Option 2: Rs 1,48,500

Option 3: Rs 1,00,000

Option 4: Rs 30,000

Question : Assertion (A) Central bank as a banker to the banker to the government, works as a financial adviser.

Reason (R) Government borrows internally from banks and the general public.

Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

Option 2: Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)

Option 3: Assertion (A) is true, but Reason (R) is false.

Option 4: Assertion (A) is false, but Reason (R) is true.

Question : SIDBI stands for :

Option 1: small industrial designed Bank of India

Option 2: Small industries development Bank of India

Option 3: Small innovations development banker's  institute

Option 4: small industries development Banker institute