Question : Assertion: Planning in India is primarily focused on promoting quick, balanced economic growth that is inclusive and just.
Reason: It is widely believed that poverty and unemployment are the main obstacles to India's development.

Option 1: Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A)

Option 2: Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A)

Option 3: Assertion (A) is True but Reason (R) is False

Option 4: Assertion (A) is False but Reason (R) is True

Question : The main object of every business concern is to earn profits. A business must be able to earn adequate profits in relation to the capital invested in it. The efficiency and the success of a business can be measured with the help of_____________

Option 1: Activity ratio

Option 2: Liquidity ratio

Option 3: Solvency ratio

Option 4: Profitability ratio

Question : Which function performed by labels is highlighted in the given statement?
Statement: It helps to create the production to different categories according to their features or quality.

Option 1: Describe the product and specify it's contents.

Option 2: Identify the product or brand

Option 3: To help in grading of the products

Option 4: Helps in  promotion of products.

Question : Murari and Vohra of Chandigarh were partners in a firm with capitals of Rs. 1,20,000 and Rs. 1,60,000 respectively. On 1.4 .2018 they admitted their manager, Robin Gurung of Meghalaya, as a partner for one-fourth share in profits on his payment of Rs. 2,00,000 as his capital and Rs. 90,000 for his one-fourth share of goodwill.

On that date the creditors of Murari and Vohra were Rs. 60,000 and Bank overdraft was Rs. 15,000 . Their assets apart from cash included Stock Rs.10,000; Debtors Rs.40,000;

Plant and Machinery Rs.80,000; Land and Building Rs.2,00,000. It was agreed that stock should be depreciated by Rs.2,000; Plant and Machinery by 20%, Rs.5,000 should be written off as bad debts and Land and Building should be appreciated by 25%.

Question:
Revaluation account will be

Option 1: Debited by Rs 27,000

Option 2: Crediting with Rs 27,000

Option 3: No profit and no loss

Option 4: None of the above

Question : The total assets of this company are 4 times in comparison to the long-term debts of the company. What does it indicate?

Option 1: higher security to lenders

Option 2: Lesser security to lenders

Option 3: Higher security to shareholders

Option 4: Lesser security to shareholder

Question : Assertion A: Issued share capital and subscribed share capital are always the same.

 Reason R: Subscribed capital is part of issued share capital. Thus it is always equal to the issued share capital.

In the context of the above two statements, which of the following is correct?

Option 1: Assertion A  and Reason R are correct but Reason R is not correct explanation of Assertion A 

Option 2: Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A

Option 3: Only Assertion A is correct 

Option 4: Assertion A and Reason R are not correct

Question : Assertion: Scientific management principles advocate for standardized work procedures.

Reason: It promotes consistency and reduces variations in work processes.

Option 1: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.

Option 2: Both are correct, but the reason is not the correct explanation.

Option 3: The assertion is correct, the reason is incorrect.

Option 4: The assertion is incorrect, the reason is correct.

Question : Case Study 16:

GHI Ltd. is a leading company in the telecommunications sector planning to expand its international operations.

Question : 

GHI Ltd. is looking to raise funds for expanding its international operations. Which type of financial instrument might it use?

Option 1: Commercial paper
 

Option 2: Equity share
 

Option 3: Debenture

Option 4: Treasury bill

Question : Find the part of the given sentence that has an error in it. If there is no error, choose 'No Error'.

Companies will go after one other in their marketing campaigns.

Option 1: their marketing campaigns.

Option 2: after one other in

Option 3: Companies will go

Option 4: No Error

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.

Clean India Mission is one of the most (1) _____ and popular missions to have taken place in India. This mission includes a reward to a state and a city. This encourages every citizen to keep the surroundings clean. This cleanliness campaign was (2) _____ by the Indian government at the national level, (3) _____ all the rural towns and urban cities. Its primary objective is to spread awareness of the importance of cleanliness. Slogans are written on the banners and pictures are painted in a very attractive manner to evoke the feeling of cleanliness. After that, a major objective was to teach citizens to (4) _____ of waste mindfully and to provide basic (5) _____ facilities. For this, wet and dry dustbins are kept by every citizen whether it is home or office.

Select the most appropriate option to fill in the blank number 5.

Option 1: sanitation

Option 2: refinement

Option 3: purification

Option 4: contamination