Question : Sharma, Verma and Goyal are partners in a firm. On 1st April 2012 the balances in their Capital Accounts were as follows:
Sharma Rs. 4,00,000; Verma Rs. 4,20,000 and Goyal Rs. 3,70,000. The firm closes its accounts every year on 31st March. Verma died on 30th September 2012. In the event of the death of any partner following are the provisions in the Partnership Deed:
(i) Interest on Capital will be calculated at the rate of $10 \%$ p.a.
(ii) The deceased partner; 's legal representative will be paid Rs. 35,000 for his share of goodwill.
(iii) The firm had a Reserve Fund of Rs. 2,10,000. The deceased partner will be paid his share in the Reserve Fund.
(iv) His share of profit till the date of death will be calculated on the basis of sales. It is also specified that the sales during the year 2011-12 were Rs. $15,00,000$. The sales from 1st April 2012 to 30th September 2012 were Rs. 3,00,000. The profit of the firm for the year ending 31st March 2012 was Rs. 3,00,000.
Question:
Amount of Interest on capital will be

Option 1: Rs 24,000

Option 2: Rs 21,000

Option 3: Rs 20,000

Option 4: None of the above

Question : Directions: In the following question, which one set of letters/numbers when sequentially placed at the gaps in the given letter series shall complete it?
a_baa_baa_ba

Option 1: bbb

Option 2: bab

Option 3: bba

Option 4: aab

Question : The relationship between political parties and pressure groups is important because it:

Option 1: Reduces the need for public participation

Option 2: Ensures a balance of power and accountability

Option 3: Prevents any changes in government policy

Option 4: Eliminates the diversity of political opinions

Question : Case Study 36:

A consumer purchased a branded watch from a local dealer. The dealer falsely claimed that the watch was made of pure gold and sold it at an exorbitant price. Upon inspection, the consumer found that the watch was not made of gold. Which authority can take action against the dealer for this deceptive practice?

Option 1: Consumer Protection Council

Option 2: National Consumer Disputes Redressal Commission

Option 3: Advertising Standards Council of India (ASCI)

Option 4: District Consumer Disputes Redressal Forum

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 blank.

In 1945, James Leach Miller returned from World War II and shared nothing (1)____ it with his wife. He folded up his Army (2)______, with the medals still pinned to it, and (3)____ put it in the basement, where his older boy would (4)______ take it out to play soldiers. He never complained (5)____ that generation of army men didn't air their problems. His son Michael once offered to take him back to Normandy when World War II veterans (6)____ the journey, but his father shook (7)_____ head, saying, "I've been there once." Sadly, Mr. Miller, 96 years old, (8)_____ survived the bloodiest battle of World War II, died of (9)_____ from the coronavirus on March 30 (10)_____ an Old Soldiers' Home.
 

Question:-

Select the most appropriate option to fill in the blank 2.

Option 1: uniforms

Option 2: uniformly

Option 3: uniform

Option 4: uniformity

Question : X Ltd has a debt-equity ratio at 3 : 1. According to the management it should be maintained at 1 : 1. What are the choice in front of the management to do so -

Option 1: Increase Equity

Option 2: Redeuce debt

Option 3: Both of the above

Option 4: None of the above

Question : What is Gandhi's definition of Rama Raj ?

Option 1: The rule as it was during the time of Rama

Option 2: Sovereignty of the people based on pure moral authority

Option 3: The greatest good of all

Option 4: The absolute power concentrated in the hands of a king

Question : Which function of marketing is highlighted in the given statement?
Statement: It fills this place by carrying good from place of production to place of consumption.
 

Option 1: Gathering and analysing market information
 

Option 2: Product designing and development
 

Option 3: Packaging and labelling
 

Option 4: Transportation

Question : Which of the following challenge to Indian environment is highlighted here?
Deforestation is riding at a large scale that it has totally disturbed the ecological balance of the country.
 

Option 1: Land degradation
 

Option 2: Degradation of Forest
 

Option 3: Soil erosion
 

Option 4: Loss of biodiversity