General
Question : Aman and Varun are partners sharing profits in the ratio of equally. Their Balance Sheet showed a balance of Rs 62,000 in the General Reserve Account and a debit balance of 20,000 in the Profit and Loss Account. They now decided to share the future profits 4:3. Instead of closing the General Reserve Account and Profit and Loss Account, it is decided to pass an adjustment entry for the same. In adjustment entry :
Option 1: Dr. Aman by Rs 3,000; Cr. Varun by Rs 3,000
Option 2: Dr. Aman by Rs 5,000; Cr. Varun by Rs 5,000
Option 3: Cr. Aman by Rs 5,000; Dr. Varun by Rs 5,000
Option 4: Cr. Aman by Rs 3,000; Dr. Varun by Rs 3,000
Correct Answer: Dr. Aman by Rs 3,000; Cr. Varun by Rs 3,000
Solution : Answer = Dr. Aman by Rs 3,000; Cr. Varun by Rs 3,000
Sacrificing ratio = O.R. - N.R.
Aman = 1/2 -4/7 = 7-8/14 = -1/14 x 42000 = 3000
Varun = 1/2 -3/7 = 7-6/14
Question : Comprehension: In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number.
By the (1)_________ we reach puberty, the world has reached us and (2)_________ us to a greater extent than we realise. (3)________ family, friends, school, and society in general (4)_________ by word and example, how to be. But people (5)_________ leaders at that moment when they decide for themselves how to be.
Question: Select the most appropriate option to fill in the blank number 1.
Option 1: time
Option 2: moment
Option 3: age
Option 4: era
Correct Answer: time
Solution : The first option is the correct answer.
In the sentence, "by the time" is an idiomatic expression indicating a particular point in time or the completion of a certain event. It conveys the idea that when puberty is reached, the influence of the world has
Question : Which Governor-General of India, in 1772, introduced two courts in each district – a Criminal Court (Faujdari Adalat) and a Civil Court (Diwani Adalat)?
Option 1: Robert Clive
Option 2: Richard Wellesley
Option 3: Warren Hastings
Option 4: Lord Dalhousie
Correct Answer: Warren Hastings
Solution : The correct answer is Warren Hastings
In 1772, Warren Hastings, the Governor-General of Bengal, established two courts in each district: the Faujdari Adalat for criminal cases and the Diwani Adalat for civil cases. To settle civil disputes in the district, the Diwani Adalat was
Question : In which year was the first general election held in India?
Option 1: 1947
Option 2: 1950
Option 3: 1951-52
Option 4: 1955
Correct Answer: 1951-52
Solution : The first general election in India was held in 1951-52, following the adoption of the Indian Constitution in 1950. This marked the beginning of the democratic process in the country.
Question: Select the most appropriate option to fill in the blank number 4.
Option 1: have tell us
Option 2: have told us
Option 3: has told us
Option 4: have been told us
Correct Answer: have told us
Solution : The second option is the correct answer.
The use of "have told us" is grammatically correct because it aligns with the past perfect tense. The past perfect tense is formed using the auxiliary verb "have" with the past participle of the main verb.
Question : Sentences of a paragraph are given below in jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent paragraph. A. But at the same time, this is also true that when one reads a few works of the same genre, one naturally comes to know a rough structure of that genre. B. The essence of suspense is whether the reader will be able to gauge the criminal before the detective tells who he is. C. This leads to a different kind of approach to understanding literature in general and detective fiction in particular. D. It is found that when one knows a genre and its structure and rules, it may often not make us enjoy a piece of literary work in the same manner as one usually does.
Option 1: DACB
Option 2: BDCA
Option 3: CBAD
Option 4: ADCB
Correct Answer: DACB
Solution : The correct answer is the first option.
Sentence (D) introduces the idea that familiarity with a genre's structure and rules may impact the enjoyment of a literary work. Sentence (A) suggests that reading multiple works of the same genre helps one understand the genre's structure.
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
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