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Vellore Institute of Technology, Vellore

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Question : Statement 1: If a good is a luxury, its demand is generally elastic.

Statement 2: Luxury goods tend to have more substitutes, making consumers more responsive to changes in price.

Option 1: Both statements are true.

Option 2: Both statements are false.

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

Option 4: Statement 1 is false, and statement 2 is true.

Team Careers360 15th Jan, 2024

Correct Answer: Both statements are true.


Solution : The correct answer is (A) Both statements are true.

Statement 1: If a good is a luxury, its demand is generally elastic. This statement is true. Luxury goods are often associated with higher income levels and are considered non-essential or discretionary purchases.

70 Views

Question : Who among the following received the MS Subbulakshmi Award from the Tamil Nadu Eyal Isai Nataka Manram for the year 2020?

Option 1: Harini

Option 2: Vani Jairam

Option 3: L.R.Eswari

Option 4: Saindhavi

Team Careers360 24th Jan, 2024

Correct Answer: Vani Jairam


Solution : The Correct Option is Vani Jairam

Vani Jairam was named the recipient of the 2020 "M.S. Subbulakshmi Award" by the Tamil Nadu Eyal Isai Nataka Manram. This honor, which bears the name of the renowned Indian classical vocalist M.S. Subbulakshmi, is given to people

18 Views

Question : Choose a sentence with no spelling errors.

Option 1: Many input devises perfrom specific functions.

Option 2: Many input devices perform specific functins.

Option 3: Many input devices perfrpm specfic functions.

Option 4: Many input devices perform specific functions.

Team Careers360 10th Jan, 2024

Correct Answer: Many input devices perform specific functions.


Solution : The correct answer is the fourth option.

Many input devices perform specific functions.

This sentence is correct with no spelling errors. It accurately uses the correct spellings for devices, perform, and specific.

.Therefore, the correct sentence is: "

11 Views

Question : Which of the following is a neighbouring country of India?

Option 1: Australia

Option 2: Iran

Option 3: Russia

Option 4: Maldives

Team Careers360 10th Jan, 2024

Correct Answer: Maldives


Solution : The correct answer is Maldives.

Maldives is a neighbouring island country of India. It is located in the Indian Ocean. Tourism is the mainstay of the Maldivian economy. India provides many training opportunities for the Maldivian National Defence Force(MDNF), meeting around 70% of

20 Views

Question : Census of population in India is done after every

Option 1: 10 years

Option 2: 05 years

Option 3: 07 years

Option 4: 02 years

Team Careers360 25th Jan, 2024

Correct Answer: 10 years


Solution : The correct answer is 10 years.

First Decennial census of India was conducted in 1881 under the Viceroy Lord Mayo and Governor Lord Ripon. Since then census is conducted every 10 years. Since 1949 the responsibility of conducting census lies with Office of Registrar

95 Views

I want to take a partial drop from VIT Bhopal. Is it possible to get my TC back without paying the complete tuition fee of four years and join any other university?

Tanya Gupta 24th Jan, 2024

Hello,


VIT only allows students who have been selected in central government exams like the Indian Air Force or Naval Forces exams to leave their institution without paying the 4 years dee. They would give you your original certificates within 1 to 2 weeks, but they would first ask you

22 Views

Question : On firm dissolution, which one of the following accounts should be prepared at the last?

Option 1: Realization account

Option 2: Partner's capital account

Option 3: Partner's loan account

Option 4: Cash account

Team Careers360 23rd Jan, 2024

Correct Answer: Cash account


Solution : Answer = cash account

The cash or bank account is prepared at last. The balance of the cash account and the receipts during the process of dissolution has to be equal to the payments to outsiders and partners. With the cash account, all the

5 Views

Question : If the sides of a right-angled triangle are three consecutive integers, then the length of the smallest side is

Option 1: 3 units

Option 2: 2 units

Option 3: 4 units

Option 4: 5 units

Team Careers360 25th Jan, 2024

Correct Answer: 3 units


Solution : Let one side of a right-angled triangle be $x$.
Shortest side = $x-1$
Longest side = $x +1$
Since the three sides form a right-angled triangle.
$(x+1)^2=(x-1)^2+x^2$
⇒ $x^2+1+2x=x^2+1-2x+x^2$ 
⇒ $x^2=4x$
⇒$x=4$
Thus, shortest side = $x-1=4-1=3$
Hence, the correct answer is 3 units.

16 Views

Question : If the total assets of a firm are Rs.24,00,000 and the total liabilities are Rs.4,80,000 what will be the capitals of P, Q and R if they share profits in the ratio of their capitals and the profit sharing ratio is 1: 2: 3?

Option 1: P 4,80,000; Q3,20,000; R 1,60,000

Option 2: P 3,20,000; Q 6,40,000; R 9,60,000

Option 3: P 2,00,000; Q 4,00,000; R 6,00,000

Option 4: P 6,00,000; Q 4,00,000; R 2,00,000

Team Careers360 25th Jan, 2024

Correct Answer: P 3,20,000; Q 6,40,000; R 9,60,000


Solution : Answer = P 3,20,000; Q 6,40,000; R 9,60,000

Memorandum balance sheet
Outsiders liabilities 4,80,000 S.Assets 24,00,000
Capitals 19,20,000    
P-3,20,000      
Q-6,40,000      
R-9,60,000      
  24,00,000   24,00,000

Hence, the correct option is 2.

 

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