Question : Puran  Store Ltd., an Unlisted Company, is to redeem 5000,8% Debentures of Rs. 100 each on 30th June 2020. It has a balance of Rs. 10,000 in Debentures Redemption Reserve. It decides to set aside the amount to Debentures Redemption Reserve on 31st March 2020 on which date it has

following Reserves and Surplus:   Rs.
Securities Premium Reserve 25,000
Capital reserve Rs 20,000
General Reserve 30,000; and
Surplus, i.e., Balance in Statement of Profit and Loss 30,000
Balance Rs. 40,000 can be set aside to Debentures Redemption Reserve from:

Option 1: Capital Reserve and General Reserve

Option 2:  Capital Reserve and Securities Premium Reserve

Option 3: General Reserve and Surplus, i.e., Balance in Statement of Profit and Loss

Option 4: Securities Premium Reserve and Surplus, i.e., Balance in Statement of Profit and Loss

Question : Which of the following statements is correct about the President of India?

Option 1: Addresses the first session of Parliament after each General Election

Option 2: Addresses the first session of Parliament at the beginning of each year

Option 3: Addresses every session of Parliament

Option 4: Never addresses Parliament

Question :

The general/capital fund of an NPO goes on accumulating due to:

Option 1:

surplus

Option 2:

life membership fee

Option 3:

deficit

Option 4: both 1 and 2

Question : How did the economic reforms in post-Soviet Russia impact the standard of living for the general population?

Option 1: There was an immediate improvement in living standards.

Option 2: Living standards remained unchanged.

Option 3: There was a significant decline in living standards initially.

Option 4: Living standards improved uniformly across all regions.

Question : Hari and Kavi are partners sharing profits and losses in the ratio of 3: 2. They admit Ravi as a partner who contributes Rs. 30,000 as his capital for 1/5th share in the profits of the firm. It is decided that after Ravi's admission, the capitals of the Hari and Kavi will be adjusted on the basis of Ravi's share of capital in the business, and any surplus or deficiency to be adjusted through current accounts. Before any adjustments were made, the capitals of Hari and Kavi were: Rs. 59,000 and Rs. 35,000 respectively.
At the time of Ravi's admission :
(a) The firm's goodwill was valued at Rs. 40,000.
(b) General Reserve was Rs.25,000.
(c) Loss on revaluation of assets and liabilities was Rs.4,000.
CHOOSE: The correct Journal entry for surplus and shortage

Option 1: Crediting Hari's current account by Rs 4,400 and debiting Kavi's current account Rs 1,400

Option 2: Debiting Hari's current account by Rs 4,400 and crediting Kavi's current account Rs 1,400

Option 3: Debiting Hari's current account Rs 4,400 and debiting Kavis current account Rs 1,400

Option 4: Crediting Hari's Current account Rs 4,400 and Crediting Kavi's current account Rs 1,400

Question : The Governor General of India impeached by the House of Commons in England was:

Option 1: Warren Hastings

Option 2: Cornwallis

Option 3: Wellesley

Option 4: William Bentinck

Question : Fill in the blank by selecting the appropriate word from the given options that would complete the collocation.

The judge directed the advocate general to _________ an enquiry on the case.

Option 1: make

Option 2: produce

Option 3: hold

Option 4: get

Question : There are certain words missing in the passage given below. The options given contain an answer that will fit in those given blanks. Choose the correct word to be used to make the sentence coherent and grammatically correct.

The decision made by the goverment of India to purchase crude oil at a discounted rate from Russia,  when the Putin goverment is bombing civilians in Ukraine, is 1) __________________ by many. 2)________________ to the Narendra Modi administration’s request to not to politicise the issue, in the current scenario the decision is as much political as it is economic, however much we may wish it were not.

While the major countries like US, Europe , Japan and Australia have made no secret revelation that India should  join them in 3) _____________________ Putin’s war, as the goverment of 141 countries who voted in favour of the UN General Assembly resolution did. Russia has intentionally offered the discount at the oil to show that India is among the ‘many’ countries that resist the Atlantic alliance’s attempt to 4) __________________ and punish Putin. On the other hand Xi’s China has suddenly discovered that Modi’s India is worth talking to: it will provide cover for the Xi government to not only 5) ________________ attention from its own support for Russia, but also to position itself as someone who is more willing to engage with the Atlantic alliance than India.

Choose the correct word to be used in the blank 1

Option 1: acquire
 

Option 2:  questionable
 

Option 3: extol

Option 4:  impeccable

Question : According to the Constitution of India, there shall be a Comptroller and Auditor General of India who shall be appointed by the ___________.

Option 1: Prime Minister of India

Option 2: Attorney General of India

Option 3: President of India

Option 4: Chief Justice of India

Question : Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

Is there any difference between "genius" and "talent" ? We generally feel that a man of genius is in some way higher than a man of talent; and that talented men are more common than genius. This is true, but it is rather vague. Genius implies "very extraordinary gifts or native powers, especially as displayed in original creation, discovery, expression or achievement; phenomenal capacity regarded as relatively independent of instruction and training". Talent, on the other hand, consists of "mental endowments or capacities of superior character; marked mental ability". "Talent" is more the capacity to learn to do a thing well; but "genius" is an inborn inspiration that drives a man to do a thing with original excellence. As Meredith said, "Genius does what it must, and talent does what it can".
Shakespeare in drama and poetry, Isaac Newton in science, Napoleon in war, Beethoven in music, were geniuses; many well-known poets, scientists, generals and musicians have been men of talent.

Question:

As per the paragraph, like Shakespeare, is a genius in drama and poetry _______.

Option 1: Issac Newton is a talented scientist.
 

Option 2: There are many famous poets and musicians who are talented.

Option 3: Beethoven is a genius in war.

Option 4: There are many people in general who are are geniuses.