General
Question : Government of India has appointed ____________ as Controller General of Accounts in October 2022.
Option 1: Vinayak Godse
Option 2: Sandeep Bakshi
Option 3: Bharati Das
Option 4: K. G. Mohan
Correct Answer: Bharati Das
Solution : The correct answer is Bharati Das.
As the new Controller General of Accounts (CGA) in this location, Bharati Das assumed leadership. She is the Government of India's 27th Controller General of Accounts (CGA), serving in the Ministry of Finance.
Question : M/s Hi-Tech India has assets of Rs. 5,00,000 whereas liabilities are: Partner; Capitals—Rs. 3,50,000, General Reserve—Rs. 60,000 and Sundry Creditors—Rs. 90,000. If the normal rate of return is 10% and the goodwill of the firm is valued at Rs. 90,000 at 2 years; purchase of super profit, the average profit of the firm will be
Option 1: Rs.4,000
Option 2: Rs.41,000
Option 3: Rs.86,000
Option 4: None of these
Correct Answer: Rs.86,000
Solution : Answer = 86000
Goodwill = Super Profit × Number of Years' Purchase
Rs. 90,000 = Super Profit × 2
Super Profit = = Rs. 45,000
Capital Employed = Assets - Outside Liabilities (Creditors)
= Rs. 5,00,000 - Rs. 90,000 = Rs. 4,10,000
Or
= Partners
Question : Sindhu, Rahul and Kamlesh, who were sharing profits in the ratio of 3 : 3 : 4 respectively, as at 31st March, 2012 was as follows balance of capital are Sindhu: 1,20,000 Rahul 1,00,000 Kamlesh: 80,000 Sindhu’s loan 20,000 (debit balance)
General Reserve Rs 10,000 Sindhu died on 31st July 2012. The partnership deed provided for the following on the death of a partner :
(a) Goodwill of the firm be valued at two years’ purchase of average profits for the last three years which were Rs.80,000. (b) Sindhu’s share of profit till the date of his death was to be calculated on the basis of sales. Sales for the year ended 31st March 2012 amounted to Rs.8,00,000 and from 1st April to 31st July 2012 Rs.3,00,000. The profit for the year ended 31st March 2012 was Rs.2,00,000. (c) Interest on capital was to be provided @ 6% p.a. Balance due to Sindhu’s Executor will be ------
Option 1: Rs 1,97,500
Option 2: Rs 1,75,900
Option 3: Rs 1,95,000
Option 4: None of the above
Correct Answer: Rs 1,75,900
Solution : Answer = Rs 1,75,900
Sindhu's Capital A/c
Hence, the correct
Question : Who was the first Indian Governor-General of India?
Option 1: B. R. Ambedkar
Option 2: C. Rajagopalachari
Option 3: Rajendra Prasad
Option 4: Sarvepalli Radhakrishnan
Correct Answer: C. Rajagopalachari
Solution : The correct answer is C. Rajagopalachari.
When he was appointed Viceroy in February 1947, he was given the latitude to take action and was tasked with overseeing the transition of administration in India and averting the subcontinent's division. As the new Governor-General of India
Question : The principles of management do not provide readymade strait jacket solutions to all managerial problems. Which nature of principles of management is highlighted in the given statement?
Option 1: General guidelines
Option 2: Flexible
Option 3: Universal application
Option 4: Formed by practice and experimentation
Correct Answer: General guidelines
Solution : Management principles do not provide readymade solutions. They have to be adjusted as per demand of the situation. This is because real business situations are very complex and dynamic.
Hence, option A is correct.
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, have started to dominate the whole world. For example, the United States has visibly enhanced its influence in the Middle East and in the 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 United States to exercise its hegemonic power in the Middle East. In the following years, in the absence of a counterpower, the influence of the United States increased further. With the military operation in Afghanistan and the invasion of Iraq after the September 11, 2001 attacks, the United States perpetuated its dominance in the region. The region of the Caucasus was formerly under the Russian sphere of influence. But the United States managed to enter this energy-rich region with some new allies that used to be 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 include Eastern Europe, a region that also used to be under Soviet influence. Russia, in the beginning, tried to resist NATO expansion, posing several threats, including creating a counter defense organisation. But it was eventually convinced by the project of "partnership for peace," through which it preserved many of its privileges in Eastern European countries.
Question: According to the passage, when did Iraq invade Kuwait?
Option 1: Septmber 2011
Option 2: Septmeber 1990
Option 3: August 2011
Option 4: August 1990
Correct Answer: August 1990
Solution : The fourth option is the correct choice.
The passage mentions that Iraq invaded Kuwait in August 1990. This event is highlighted in the context of the post-Cold War era, where the author discusses the consequences of the invasion, such as providing the United
Question : In India, who among the following is responsible for auditing all receipts and expenditures of the union and state governments?
Option 1: Attorney General for India
Option 2: Advocate General
Option 3: Union Public Service Commission
Option 4: Comptroller and Auditor General
Correct Answer: Comptroller and Auditor General
Solution : The correct answer is Comptroller and Auditor General.
In India, the Comptroller and Auditor General (CAG) is responsible for auditing all receipts and expenditures of the union and state governments. The CAG is an independent constitutional authority and plays a crucial role
Question : ----------- is a fund set up to use for distribution as prizes, say for achievements or contributions to the welfare of society.
Option 1: Prize fund
Option 2: General Reserve
Option 3: Capital Fund
Correct Answer: Prize fund
Solution : A Prize Fund is a fund set up to be used for distribution as prizes for achievements or contributions to the welfare of society. A prize fund represents a segregated pool of resources particularly assigned for disbursing rewards or recognition, often for accomplishments or
Question : A computer is available for INR 39,000 on cash payment or INR 19,000 as cash payment followed by five monthly instalments of INR 4,200 each. What is the rate of interest per annum under the instalment plan?
Option 1: $20 \frac{19}{29} \%$
Option 2: $20 \frac{17}{29} \%$
Option 3: $20 \frac{20}{29} \%$
Option 4: $20 \frac{18}{29} \%$
Correct Answer: $20 \frac{20}{29} \%$
Solution : Total cost of the computer = Rs. 39000 Down payment = Rs. 19000 Balance = Rs. 20000 Let the rate of interest be $r$ Here simple interest is denoted by S.I. Hence, the amount of Rs. 20000 for 5 months = $20000+ \frac{20000\times
Question : The definite general purposes leading towards the aim are commonly known as
Option 1: Goals
Option 2: Objectives
Option 3: Motives
Option 4: Targets
Correct Answer: Objectives
Solution : Neuromuscular development, organic vigour, personality development, good personal habits, useful living.
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