Question : Marshall established the law of Equimarginal Utility:

Option 1: Related to money
 

Option 2: Related to goods

Option 3: Both of the above

Option 4: All of the above

Question : A and B are partners in a firm. Their balance sheet as at 31 st March, 2018 was as follows:

C was taken into partnership as from 1st April, 2018. C brought Rs.40,000 as his capital but he is unable to bring any amount for goodwill. New profit sharing ratio is 3: 2: 1. Following terms were agreed upon :
1. Claim on account of Workmen's Compensation is Rs.3,000.
2. To write off Bad Debts amounting to Rs.6,000.
3. Creditors are to be paid Rs.2,000 more.
4. Rs.2,000 be provided for an unforeseen liability.
5. Outstanding expenses be brought down to Rs. 1,200.
6. Goodwill is valued at $1 \frac{1}{2}$ year's purchase of the average profits of last three years. Profits of 3 years amounted to Rs.8,000; Rs. 10,000 and Rs. 18,000 .
Question:
Which account will be debited and crediting in Respect of treatment of goodwill.

Option 1: premium for goodwill debiting Rs 3,000 and Crediting B's capital account by Rs 3,000

Option 2: debiting C's current account Rs 3,000 and crediting B's capital account with Rs 3,000

Option 3: debiting Cs current account Rs 3,000 and crediting B and A Rs 1,500 each

Option 4: None of the above

Question : Directions: In the following question, some parts of the sentence may have some errors. Find out which part of the sentence has an error and select the appropriate option. If the sentence is free from error, select 'No Error'.

Many firms fail because when they begin (1) / exporting, they have not research the (2) / target markets or have not planned enough. (3) / No Error (4)

Option 1: (1)

Option 2: (2)

Option 3: (3)

Option 4: (4)

Question : Which of the following is not the characteristic of Management principles?

Option 1: Equal importance

Option 2: Contingent
 

Option 3: Effective administration

Option 4: Flexible

Question : Choose a sentence with no spelling errors.

Option 1: Many input devises perfrom specific functions.

Option 2: Many input devices perform specific functins.

Option 3: Many input devices perfrpm specfic functions.

Option 4: Many input devices perform specific functions.

Question : Select the sentence with the appropriate use of preposition.

Option 1: It has been raining till morning.

Option 2: It has been raining from morning.

Option 3: It has been raining by morning.

Option 4: It has been raining since morning.

Question : How many anions surround a sodium ion in a crystal lattice of sodium chloride?

Option 1: Six

Option 2: Eight

Option 3: Seven

Option 4: Nine

Question : Johann Gregor Mendel is famous for propounding

Option 1: Theory of mutation

Option 2: Laws of heredity

Option 3: Cell theory

Option 4: Theory of acquired characters

Question : M, N and O are partners in a firm sharing profits in the ratio equally  Their Balance Sheet as at 31-3-2019 showed a debit balance of Profit & Loss A/c 90,000. From 1-4-2019 they will share profits 4:3:2. In the necessary journal entry to give effect to the above arrangement when M, N and O decided not to close the Profit & Loss Account:
 

Option 1: Dr. M by Rs 10,000; Cr. O by Rs 10,000

Option 2: Cr. M by Rs 10,000; Dr. O by Rs 10,000

Option 3: Dr. M by Rs 20,000; Cr. O by Rs 20,000

Option 4: Cr. M by Rs 20,000; Dr. O by Rs 20,000