Question : Assertion A: - For inter-firm comparison, it is necessary that accounting practices followed by the firms do not vary significantly. As there may be variations in accounting practices followed by different firms, a meaningful comparison of their financial statements is not possible.

Reason R: - Analysis of financial statements is based on the information given in the financial statements. Hence, this analysis suffers from various limitations from which the financial statements.

Option 1: Both Assertion A and reason R are correct but the reason R is not the correct explanation of Assertion A 

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

Option 3: Both Assertion A is correct but the reason R is not correct

Option 4: Both Assertion A and Reason R are not correct

Question : Case Study 2:

A local supermarket was found selling expired food products to customers. What authority can take action against the supermarket under the Consumer Protection Act?

Option 1: District Consumer Disputes Redressal Forum

Option 2: State Consumer Disputes Redressal Commission

Option 3: National Consumer Disputes Redressal Commission

Option 4: Consumer Protection Council

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.

The world is undergoing rapid changes in the knowledge landscape. With various dramatic scientific and technological advances, such as the rise of big data, machine learning, and artificial intelligence, many unskilled jobs worldwide may be taken over by machines, while the need for a skilled workforce, particularly involving mathematics, computer science, and data science, in conjunction with multidisciplinary abilities across the sciences, social sciences, and humanities, (1)________ increasingly in greater demand. With climate change, increasing pollution, and depleting natural resources, there will be a sizeable shift in how we (2)_______ the world's energy, water, food, and sanitation needs, again resulting in the need for new skilled labour, particularly in biology, chemistry, physics, agriculture, climate science, and social science. The growing (3)________ of epidemics and pandemics will also (4)_______ collaborative research in infectious disease management and development of vaccines, and the resultant social issues heighten the need for multidisciplinary learning. There will be a growing (5)__________ for humanities and art as India moves towards becoming a developed country as well as among the three largest economies in the world.

Question:

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

Option 1: command

Option 2: extort

Option 3: demand

Option 4: claim

Question : A work can be completed by 20 men in 50 days. 30 more men join them after 10 days of work. How many days will be saved in the completion of the work?

Option 1: 18 days

Option 2: 20 days

Option 3: 24 days

Option 4: 28 days

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.

The world is undergoing rapid changes in the knowledge landscape. With various dramatic scientific and technological advances, such as the rise of big data, machine learning, and artificial intelligence, many unskilled jobs worldwide may be taken over by machines, while the need for a skilled workforce, particularly involving mathematics, computer science, and data science, in conjunction with multidisciplinary abilities across the sciences, social sciences, and humanities, (1)________ increasingly in greater demand. With climate change, increasing pollution, and depleting natural resources, there will be a sizeable shift in how we (2)_______ the world's energy, water, food, and sanitation needs, again resulting in the need for new skilled labour, particularly in biology, chemistry, physics, agriculture, climate science, and social science. The growing (3)________ of epidemics and pandemics will also (4)_______ collaborative research in infectious disease management and development of vaccines, and the resultant social issues heighten the need for multidisciplinary learning. There will be a growing (5)__________ for humanities and art as India moves towards becoming a developed country as well as among the three largest economies in the world.

Question:

Select the most appropriate option to fill in the blank number 1.

Option 1: is

Option 2: are

Option 3: will be

Option 4: should be

Question : Case Study:

ABC Electronics sponsors a local charity event and gets its logo featured on promotional materials. Which form of sales promotion is demonstrated here?

Option 1: Trade Shows

Option 2: Event Marketing

Option 3: Samples

Option 4: Loyalty Programs

Question : Direction: Read the following passage and answer the questions given after it.
The science of climate change is more solid and widely agreed upon than you might think. But the scope of the topic, as well as rampant disinformation, can make it hard to separate fact from fiction. Here, we've done our best to present you with not only the most accurate scientific information but also an explanation of how we know it. Climate change is often cast as a prediction made by complicated computer models. But the scientific basis for climate change is much broader, and models are actually only one part of it (and, for what it's worth, they're surprisingly accurate).

For more than a century, scientists have understood the basic physics behind why greenhouse gases like carbon dioxide cause warming. These gases make up just a small fraction of the atmosphere but exert outsized control on Earth's climate by trapping some of the planet's heat before it escapes into space. This greenhouse effect is important: It's why a planet so far from the sun has liquid water and life! However, during the Industrial Revolution, people started burning coal and other fossil fuels to power factories, smelters and steam engines, which added more greenhouse gases to the atmosphere. Ever since human activities have been heating the planet.

Question:
Predictions of climate change are made by:
 

Option 1: gas model
 

Option 2: liquid model
 

Option 3: paper models
 

Option 4: computer models

Question : Statement 1: The Consumer Protection Act provides consumers with the right to information.

Statement 2: It ensures that consumers have access to accurate information about products and services.

Option 1: Both statement 1 and statement 2 are true.

Option 2: Statement 1 is true, but statement 2 is false.

Option 3: Statement 1 is false, but statement 2 is true.

Option 4: Both statement 1 and statement 2 are false.

Question :

Correct the following sentence if it is incorrect

He broached about the issue of the poor and the ones who were exploited by the cunning moneylenders.

Option 1: He broached on the issue of the poor and the ones who was

Option 2:

He broached on the issue of the poor and the ones who were

Option 3:

He broached the issue of the poor and the ones who were

Option 4:

He broached at the issue of the poor and the ones who were

Option 5:

He broached about the issue of the poor and the ones who were