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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

Team Careers360 20th Jan, 2024

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


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

  Hari Kavi Ravi   Hari Kavi Ravi
Revaluation(loss)  2400 1600 - By Bal. B/D 59000 35,000 -
       
12 Views

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

Team Careers360 21st Jan, 2024

Correct Answer: Warren Hastings


Solution : The correct option is Warren Hastings.

The Governor-General of India who was impeached by the House of Commons in England was Warren Hastings. Warren Hastings was accused of various charges related to his administration in India, including corruption and abuse of power. However, he

36 Views

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

Team Careers360 23rd Jan, 2024

Correct Answer: hold


Solution : The third option is the correct answer.

In the context of legal proceedings, the correct collocation is hold an inquiry. It is a standard phrase used to indicate the initiation or conduct of an official investigation or inquiry.

The meanings of other options are as

25 Views

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

Team Careers360 18th Jan, 2024

Correct Answer:  questionable
 


Solution : The correct answer is questionable.

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 questionable  by many

Explanation:

The only word that fits the blank and

13 Views

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

Team Careers360 23rd Jan, 2024

Correct Answer: President of India


Solution : The correct answer is the President of India.

The Indian Constitution's Chapter V, Part V, addresses the Office of the Comptroller and Auditor General of India (CAG). Article 148 states that the President may appoint a Comptroller and Auditor General of India.

20 Views

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.

Team Careers360 22nd Jan, 2024

Correct Answer: There are many famous poets and musicians who are talented.


 


Solution : Option 2, i.e., There are many famous poets and musicians who are talented, is the correct answer.

Explanation:
- In the passage, geniuses such as Shakespeare in drama and poetry, Isaac Newton in science, Napoleon in

15 Views

Question : Fiscal deficit becomes inflationary when it is corrected through

Option 1: Borrowings from foreign countries

Option 2: Borrowings from Reserve Bank of India

Option 3: Borrowings from International Organizations

 

Option 4: Borrowings from General Public

Team Careers360 22nd Jan, 2024

Correct Answer: Borrowings from Reserve Bank of India


Solution : The correct answer is (b) Borrowings from Reserve Bank of India.

Fiscal deficit refers to the difference between a government's total expenditure and its total revenue in a given period. When the government needs to finance its fiscal deficit, it

18 Views

Question : Select the most appropriate option to substitute the underlined segment in the given sentence. If there is no need to substitute it, select 'No substitution'.

While the general was speaking with Mildred, he receives a message that Butler had escaped.

Option 1: receive a message

Option 2: received a message

Option 3: No substitution

Option 4: is receiving a message

Team Careers360 25th Jan, 2024

Correct Answer: received a message


Solution : The correct choice is the second option.

The tense used in the sentence is the past tense. Hence, the verb should also be in the past tense to maintain the proper verb-tense consistency. Thus, "received a message" is the correct past tense

8 Views

Question : Athens a city- state in the eastern Greece, was the antithesis of Sparta. Here the democratic way of life flourished and consequently it had a great bearing on the objectives of physical education. An ideal of Athenian education was to achieve a proper balance in moral, mental, physical and aesthetic development.
Gymnastics for the you were practiced in the palaestra. Instruction in gymnasium were given by paidotribe and also a gymnast. The paidotribe had charge of the general physical training program, whereas the gymnast was a specialist responsible for training youth in gymnastic contests. The chief official at the gymnasium, in overall in-charge was called a gymnasiarch. Gymnasium Became a physical,social and intellectual centres of Greece. Maine such as Plato, Aristotle and Antisthenes were responsible for making such gymnasium as the academy,lyceum and kynosarages as outstanding intellectual centres. In keeping with close association between physical education and religion, each gymnasium recognised a particular deity. For example the academy recognised Athena; the lyceum, Apollo; and kynosarages, Hercules.
During the time games were held, a truce was declared by all city states in Greece, and it was believed that if the truce was broken, the wrath of Gods will fall on the guilty. Before competition an oath had to be taken that athletes would not use illegal tactics to win, to which father's brothers and sisters also had to swear. The Olympic games were held in 77 BC. And continued until abolished by the Romans in AD394. However, they have since been presumed and today head every fourth year.
Question:
Truce was held before the game because of:

Option 1: Fear of war

Option 2: Fear of defect

Option 3: Fear of death

Option 4: Fear of God

Team Careers360 17th Jan, 2024

Correct Answer: Fear of God


Solution : During the time games were held at truce was declared by all city States increase and it was believed that if the truce was broken the wrath of God will fall on the guilty.

16 Views

Question :  Which year marked the third general election in India?  

 

Option 1: 1952  

    

 

Option 2:  1957  

     

Option 3: 1962  

    

Option 4: 1967  

Team Careers360 24th Jan, 2024

Correct Answer: 1962  

    


Solution : The third general election in India was held in 1962. The first and second general elections were held in 1952 and 1957, respectively.

 

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