General
Question : Banwari, Girdhari and Murari are partners in a firm sharing profits and losses in the ratio of 4: 5: 6. On 31st March, 2014, Girdhari retired. On that date the capitals of Banwari, Girdhari and Murari before the necessary adjustments stood at Rs. 2,00,000, Rs.1,00,000 and Rs. 50,000 respectively. On Girdhari's retirement, goodwill of the firm was valued at Rs. 1,14,000. Revaluation of assets and reassessment of liabilities resulted in a profit of Rs. 6,000. General Reserve stood in the books of the firm at Rs. 30,000.
The amount payable to Girdhari was transferred to his Loan Account. Banwari and Murari agreed to pay Girdhari two yearly instalments of Rs. 75,000 each including interest @ 10% p.a. on the outstanding balance during the first two years and the balance including interest in the third year. The firm closes its books on 31st March every year. Question: Interest charged on March 31, 2016 is
Option 1: Rs 15,000
Option 2: Rs 9,000
Option 3: Rs 6,000
Option 4: None of the above
Correct Answer: Rs 9,000
Solution : Answer = Rs 9,000
Interest charged on March 31, 2016 is
1,50,000 - 60,000 = 90,000
90,000 x 10% = Rs 9000 p.a. Hence, the correct option is 2.
Question : Which of the institutions has the final authority to interpret the Constitution of India?
Option 1: Parliament
Option 2: Supreme Court of India
Option 3: President
Option 4: Attorney General Of India
Correct Answer: Supreme Court of India
Solution : The correct option is the Supreme Court of India
The Supreme Court of India has the final authority to interpret the Indian Constitution. The Supreme Court, as the highest judicial body in the country, has the power of judicial review, which includes
Question : The governer -General of India who initiated the introduction of English in India was
Option 1: Lord Curzon.
Option 2: Lord Macaulay.
Option 3: Lord Bentinck .
Option 4: Lord Hastings .
Correct Answer: Lord Bentinck .
Solution : Correct Answer is Lord Bentinck .
In 1835, English was officially declared the language of India. This decision was taken during the term of office of the Governor General of India, Mr. Bentinck, from 1828 to 1835. The decision was based on proposals
Question : Who is the first law officer of India?
Option 1: Advocate General of State
Option 2: Chief Justice of India
Option 3: Attorney General of India
Option 4: Minister of law
Correct Answer: Attorney General of India
Solution : The correct answer is Attorney General of India.
The Attorney General of India is the Government of India's principal legal advisor. Under Article 76(1) of the Constitution, the Attorney General is appointed by the President of India at the request of the
Question : What accumulates in the muscles after continuous strenuous physical exercise as a result of temporary anaerobic respiration that causes muscular fatigue ?
Option 1: ATP
Option 2: Lactic acid
Option 3: Ethyl alcohol
Option 4: Carbon dioxide
Correct Answer: Lactic acid
Solution : The correct answer is Lactic Acid.
Lactic acid builds up in the muscles of the human body as a result of strenuous exercise or muscular exhaustion. It is generated in the human body by the anaerobic respiration of carbohydrates. It is a byproduct of
Question : Who presents the annual budget before the Lok Sabha?
Option 1: Union Finance Minister
Option 2: Defence Minister
Option 3: Comptroller and Auditor General of India
Option 4: Home Affairs Minister
Correct Answer: Union Finance Minister
Solution : The correct option is the Union Finance Minister.
In India, the annual budget is presented before the Lok Sabha (the lower house of Parliament) by the Union Finance Minister. The finance minister typically presents the budget on the last working day of
Question : Which of the following governors-general, under British rule in India, professionalised, bureaucratised and Europeanised the administration of East India Company?
Option 1: Lord Canning
Option 2: Lord Cornwallis
Option 3: Warren Hastings
Option 4: Lord Dalhousie
Correct Answer: Lord Cornwallis
Solution : The correct option is Lord Cornwallis.
Lord Cornwallis, who served as Governor-general of India in the late 18th century, is credited with professionalising, and Europeanising the administration of the East India Company. He introduced significant administrative reforms during his tenure from 1786 to
Question : A, B and C are equal partners in a firm whose books are closed on 31st March every year. If General Reserve of Rs. 40,000 at the time of retirement of partner B when 25% of the balance of General Reserve is to be transferred to Investments Fluctuation Reserve. Choose the correct option.
Option 1: General Reserve A/c ...Dr. 40,000 To A's Capital A/c 10,000 To B's Capital A/c 10,000 To C's Capital A/c 10,000 To Investments Fluctuation Reserve A/c 10,000
Option 2: General Reserve A/c ...Dr. 40,000 To A's Capital A/c 20,000 To B's Capital A/c 10,000 To C's Capital A/c 10,000
Option 3: General Reserve A/c ...Dr. 40,000 To A's Capital A/c 10,000 To C's Capital A/c 10,000 To Investments Fluctuation Reserve A/c 20,000
Correct Answer: General Reserve A/c ...Dr. 40,000 To A's Capital A/c 10,000 To B's Capital A/c 10,000 To C's Capital A/c 10,000 To Investments Fluctuation Reserve A/c 10,000
Solution : Answer (1) General Reserve A/c ...Dr. 40,000 To A's Capital A/c 10,000 To B's Capital A/c 10,000 To C's Capital
Question : Comprehension: Read the following passage and answer the question. Another feature of the post-Cold War era is that since the West has become the victor of the East-West ideological rivalry, Western systems and Western influences, in general, started to dominate the whole world. For example, the United States has visibly enhanced its influence in the Middle East and in Caucasus since the end of the Cold War. The invasion of Kuwait by Iraq in August 1990 and the following Gulf Crisis, in a way, created an opportunity for the Unites States to exercise its hegemonic power in the Middle East. In the following years, in the absence of a counter-power, the influence of the United States increased further. With the military operation to Afghanistan and invasion of Iraq after the September 11, 2001 attacks, the United States perpetuated its dominance in the region. The region of Caucasus was formerly under the Russian sphere of influence. But the United States managed to enter this energy-rich region with some new allies, used to be the part of the Soviet Union, such as Azerbaijan, Ukraine, and Georgia. Although Russia certainly did not want the United States presence in the region, its ability to prevent it has remained limited. Likewise, NATO expanded to involve Eastern Europe, a region also used to be under Soviet influence. Russia, in the beginning, tried to resist NATO expansion, posing several threats, including creating a counter defense organization. But it was eventually convinced with the project of "partnership for peace", through which it preserved many of its privileges in Eastern European countries. Question: Which of the following word is the SYNONYM of the word 'hegemonic' used in the passage?
Option 1: Pall
Option 2: Tired
Option 3: Weary
Option 4: Supremacy
Correct Answer: Supremacy
Solution : The fourth option is the correct choice.
The term hegemonic refers to the dominance or leadership of one group or state over others. In the context of the passage, it describes the United States exercising power and influence. A synonym for hegemonic is supremacy,
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.
The concept of motivation focuses on explaining what 'moves' behaviour. In fact, the term (1)_______ is derived from the Latin word 'movere', referring to the movement of activity. Most of our everyday explanation of (2)________ is given in terms of motives. Motives also help in making (3)__________ about behaviour. A person will work hard in school, in sports, in business, in music, and in many other situations, if he/she has a very strong need for (4)__________. Hence, motives are the general states that enable us to make predictions about behaviour in many different situations. In other words, motivation is one of the (5)_________ of behaviour. Instincts, drives, needs, goals, and incentives come under the broad cluster of motivation.
Question: Select the most appropriate option to fill in the blank number (2).
Option 1: behaviour
Option 2: goal
Option 3: incentive
Option 4: motivation
Correct Answer: behaviour
Solution : The correct choice is the first option.
The context of the sentence suggests that the concept of motivation is explained in terms of motives, which also play a role in making explanations about behaviour. Therefore, the word "behaviour" fits logically in the sentence, as
The Question containing Inaapropriate or Abusive Words
Question lacks the basic details making it difficult to answer
Topic Tagged to the Question are not relevant to Question
Question drives traffic to external sites for promotional or commercial purposes
The Question is not relevant to User
And never miss an important update