Question : A, B and C were partners, sharing profits and losses in the ratio of 2:2:1. B retired on 31st March 2020. On the date of his retirement, some of the assets and liabilities appeared in the books as follows:

Creditors Rs. 70,000; Building Rs. 1,00,000; Plant and Machinery Rs. 40,000; Stock of Raw Materials Rs. 20,000; Stock of Finished Goods Rs. 30,000, Debtors Rs.20,000.
Following was agreed among the partners on B's retirement:
(a)    Building to be appreciated by 20%.
(b)    Plant and Machinery to be reduced by 10%.
(c)    A Provision of 5% on Debtors to be created for Doubtful Debts.
(d)    Stock of Raw Materials to be valued at Rs. 18,000 and Finished Goods at Rs. 35,000.
(e)    An Old Computer previously written off was sold for Rs. 2,000 as scrap.
(f)    Firm had to pay Rs. 5,000 to an injured employee.

Question: Revaluation profit is 

Option 1: 20,000

Option 2: 17,000

Option 3: 15,000

Option 4: None of these

Question : A type of internet, in which the computer is not connected directly to the net.

Option 1: Shell Account

Option 2: Kernel Account

Option 3: Server Account

Option 4: TCP/IP Account

Question : Which of the following is an advantage of using computer-based tools for planning?

Option 1: Increased subjectivity
 

Option 2: Limited data analysis capabilities
 

Option 3: Improved accuracy and efficiency

Option 4: Reduced reliance on technology

Question : The marginal propensity to consume (MPC) is 0.75. If there is an autonomous increase in investment spending of INR 1,000, what will be the change in equilibrium income?

Option 1: INR 750
    

Option 2: INR 1,000
   

Option 3: INR 1,333.33

Option 4: INR 4,000

Question : A computer programming language often used by children is:

Option 1: LOGO

Option 2: PILOT

Option 3: BASIC

Option 4: JAVA