Question : Assertion: A command economy is characterized by central planning and government control over resource allocation.

Reason: In a command economy, prices are determined by the government to achieve economic stability.

Option 1: Both the assertion and reason are true, and the reason is a correct explanation of the assertion.

Option 2: Both the assertion and reason are true, but the reason is not a correct explanation of the assertion.

Option 3: The assertion is true, but the reason is false.

Option 4: The assertion is false, but the reason is true.

Question :

Rajan Ltd. purchased a running business from Vikas Ltd. for a sum of Rs. 2,50,000 payable as  Rs. 2,20,000 in fully paid equity shares of  Rs. 10 each and balance by a bank draft. The assets and liabilities consisted of the following:

Plant and Machinery Rs. 90,000; Building Rs. 90,000; Sundry Debtors Rs. 30,000; Stock Rs. 50,000; Cash Rs. 20,000; Sundry Creditors Rs. 20,000.

Question:- The difference between net assets and purchase consideration is transferred to _______.

Option 1: Goodwill Rs. 10,000  

Option 2: Capital Reserve Rs. 10,000

Option 3: Securities premium Rs. 10,000

Option 4: Vendor Co. Rs. 10,000

Question : Case Study:

ABC Pharmaceuticals believes in providing opportunities for skill development and growth for its employees. Which principle of scientific management is being exemplified here?

Option 1: Cooperation, not individualism

Option 2: Development of each person to their greatest efficiency

Option 3: Harmony, not discord

Option 4: Science, not the rule of thumb

Question : The green steel plants in Bhilai, Durgapur and Rourkela were established under which Five Year plan?

Option 1: Second

Option 2: Fourth

Option 3: Fifth

Option 4: Sixth

Question : The average revenue for seven consecutive years of a company is Rs. 75 lakhs. If the average of the first 4 years is Rs. 70 lakhs and the last 4 years is Rs. 82 lakhs, what will be the revenue for the 4th year?

Option 1: Rs. 85 lakhs

Option 2: Rs. 83 lakhs

Option 3: Rs. 81 lakhs

Option 4: Rs. 79 lakhs

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.
War is mostly glorified and (1)______ by society. The real picture of warfare is as horrific and (2)________ as one can imagine. Often, soldiers who witness death-like experiences suffer from psychological disorders and are (3)________ for the rest of their lives. Many war poems contrast all the sentimental myths about warfare by (4)_________ soldiers face. The real trauma is seen in people who are left to (5)_________ the harsh realities that ones after they are gone. for their loved
Select the most appropriate option to fill in the blank number 2.

Option 1: lengthening

Option 2: inspiring

Option 3: devastating

Option 4: harkening

Question : Select the most appropriate synonym of the underlined word.

I have thus far sketched the events of my life, but I have not shown how much I have depended on books not only for pleasure and for the wisdom they bring to all who read, but also for that knowledge which comes to others through their eyes and their ears.

Option 1: clarity

Option 2: folly

Option 3: insight

Option 4: emotion