IT
Question : On 1st Nov. 2018, VIVO lLtd. issued 40,000, 10% Debentures of Rs.100 each at a discount of 5%, redeemable at par after four years. The debentures were fully subscribed. It has a balance of Rs.80,000 in Capital Reserve and Rs.1,50,000 in Securities Premium Reserve which the company decided to use for writing off the discount on the issue of debentures.
Question:- Securities premium account will be debited with Rs.________.
Option 1: Rs.1,50,000
Option 2: Rs.1,20,000
Option 3: Rs.80,000
Option 4: Rs.2,00,000
Correct Answer: Rs.1,20,000
Solution : Answer = Rs.1,20,000
According to NCERT capital reserve can be used to write off discounts on the issue of debentures, the answer is Rs. 1,20,000. But if capital reserve can’t be used to write off discounts on the issue of debentures. The reason is capital
Question : Comprehension: Read the given passage and answer the questions that follow. Difficult times could create feelings of anxiety, insecurity, and fear. As we navigate through undesirable situations and uncertainties, we find that the negativity surrounding the problems consumes our minds. It is in those times that we have to exert ourselves to change our perspective and adopt a more positive and solution-driven attitude. Wise people have always chosen to leverage adversities as opportunities for growth and progress rather than succumb to negative thought patterns. Saint Kabir described how different people respond when challenged by problems: "Gold, virtuous people, and saints are resilient; you may break them a hundred times and yet they will re-join. In contrast, negative people and clay pots are fragile; once shattered, they are broken forever." The distinguishing feature of the successful is that they have a mindset that enables them to remain positive in the face of adversity and even utilise the negative situation for their benefit. The eagle can teach us a few lessons on this. When the storm starts blowing, it does not cower down before it. It flies to a higher point and waits for the wind to blow over. When the storm sets in, the eagle spreads its wings and uses the draft of the wind to rise higher and higher in the sky. It does not run away from the storm; rather, it uses the storm to its advantage. While the storm rages below, the eagle soars above it. The winning attitude to overcome despair and stress is to realise that adversities have opportunities inherent in them, and opportunities do not come without problems. Hence, difficulties and obstacles have a positive side to them as they make us grow from within. A gem gets polished with friction. The finest steel is produced by putting it on fire. Similarly, the more hardships we face, the stronger we become.
Question: When there is a storm, an eagle ___
Option 1: uses it to fly away to safety
Option 2: gets scared and hides to save itself
Option 3: waits for it to end, then starts flying
Option 4: flies high above it, using its force
Correct Answer: flies high above it, using its force
Solution : The correct choice is the fourth option.
Explanation: The passage describes how an eagle behaves in a storm. Rather than getting scared or hiding, the eagle uses the storm to its advantage. It flies to a higher point and
Question : Comprehension: In the following passage, some words have been deleted. Fill in the blanks with the help of the options given. Select the most appropriate option for each number. The air has become very dirty in (1)______ parts of the world. This is of course (2)______ to your health. Experts say many people die (3)______ it each year. There is a new study on (4)______ pollution which comes from the experts of the World Health Organization (WHO) (5)______ is an agency of the United Nations. If you (6)______ unhealthy air for a long period of time, you could (7)______ sick. Air pollution has been linked to many diseases (8)______stroke and cancer. The WHO says that seven million (9)______ die each year as a result of the (10)______ air. Question: Select the most appropriate option to fill in the blank no. 8.
Option 1: similar
Option 2: like
Option 3: such
Option 4: same
Correct Answer: like
Solution : The correct choice is the second option.
Explanation: In the sentence, like would function as a preposition, introducing examples of diseases associated with air pollution. The word "like" is used to indicate similarity or example. The sentence conveys that air pollution is linked to
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: Who was responsible for gymnastic training?
Option 1: Gymnasiarch
Option 2: Gymnast
Option 3: Paidotribe
Option 4: Palaestra
Correct Answer: Gymnast
Solution : The paidotribe head charge of the general physical training program whereas the gymnast was a specialist responsible for training youth in gymnastic contests.
Question : P, R and S are in partnership sharing profits 4/8, 3/8 and 1/8 respectively. It is provided under the partnership deed that on the death of any partner his share of goodwill is to be valued at one-half of the net profits credited to his account during the last 4 completed years (books of accounts are closed on 31st March).
R died on 1st April 2018. The firm’s profits for the last 4 years were as follows: 2015 (Profits Rs. 1,20,000); 2016 (Profits Rs.60,000); 2017 (Losses Rs.20,000) and 2018 (Profits Rs. 80,000). Determine the amount that should be credited to R in respect of his share of goodwill.
Option 1: Rs 90,000
Option 2: Rs 30,000
Option 3: Rs 45,000
Option 4: Rs 60,000
Correct Answer: Rs 45,000
Solution : Answer = Rs 45,000
Total Profits = 1,20,000 + 60,000 + (-20,000) + 80,000 = 2,40,000 R's Share of Profit = 2,40,000 * 3/8 = 90,000 Goodwill = 90,000 * 1/2 (50%) = 45000 Hence, the correct option is 3.
Question : Find out the correct form of tense.
I am happy about the fact the house is not available any longer. It ______ to a school teacher.
Option 1: would be sold
Option 2: is sold
Option 3: has been sold
Option 4: was being sold
Option 5: will be sold
Correct Answer: has been sold
Solution : Since the sentence depicts an action taken place in the recent past, present perfect tense is required to be used.
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.
All state universities and colleges in Uttar Pradesh, one of the (1)________ in India, will now (2)______ a "save water" ritual named 'Jal Bharo' in place of 'lamp lighting' to inaugurate their annual convocations. The governor of the state, who is also chancellor of state universities, instructed that every university and college in the state should install rainwater harvesting plants on its campus. 'Jal Bharo' signifies (3)_______ the vision of 'Jal Shakti'. This ceremony symbolises the (4)________ importance of water conservation, whereas the lamp lighting ceremony symbolised removing darkness through education and spreading the light of learning. It is really a (5)________ initiative. Every educational institute in India should ensure to save and recharge groundwater by installing rainwater harvesting plants. These kinds of initiatives provide awareness of using and saving water, the elixir of life.
Question: Select the most appropriate option to fill in blank no. 3.
Option 1: holding
Option 2: proceeding
Option 3: moving
Option 4: strengthening
Correct Answer: strengthening
The phrase "Jal Bharo" is used to symbolise and strengthen the vision of "Jal Shakti". Strengthening means becoming stronger.
The meanings of the other options are as follows:
Question: Which of the following is an ideal way of handling a difficult situation?
Option 1: Thinking deeply about the impact of adversities
Option 2: Moving away from difficulties
Option 3: Making the best use of a situation to your advantage
Option 4: Becoming overcome by stress and negativity
Correct Answer: Making the best use of a situation to your advantage
Solution : The correct choice is the third option.
Explanation: The passage emphasises the importance of adopting a positive and solution-driven attitude in the face of difficulties. It mentions how wise individuals view adversities as opportunities for growth
Question : Some parts of a few sentences have been jumbled up, and labelled A, B, C and D. Select the option that gives the correct sequence in which these parts can be rearranged to form a meaningful and grammatically correct sentence. The Ramayana is one of the largest ancient A. 24,000 verses divided into seven Khanda (parts) B. the first and the seventh being later additions. C. epics in world literature. It consists of nearly D. It belongs to the genre of Itihasa, narratives of past events, interspersed with teachings on the goals of human life.
Option 1: DCBA
Option 2: CABD
Option 3: BDCA
Option 4: ABDC
Correct Answer: CABD
Solution : The correct choice is the second option: CABD.
Explanation: This paragraph starts with the given information that "the Ramayana is one of the largest ancient" followed by part (C), "epics in world literature" as it completes the given sentence. The sentence(A) states,
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