Question : Let's say you earn Rs. 40,000 a month from your job at a bank. Assume you also receive the following two job offers: (a) an executive position paying Rs. 30,000 per month; or (b) a journalist position paying Rs. 35,000 per month. The opportunity cost of working in a bank in the example provided is ____.

Option 1: Rs.35,000

Option 2: Rs.30,000

Option 3: Rs.40,000

Option 4: Rs.1,05,000

Question : Which of the following transactions will result into inflow of cash?

Option 1: issued Rs.20,000, 9% Debentures to the vendor of machinery

Option 2: Deposited cheques of Rs.10,000 into bank

Option 3: Cash withdrawn from bank Rs.20,000.

Option 4: Received Rs.19,000 from debtors

Question : There were contingent liabilities from B/R received from Ashok for Rs 40,000 and discounted with the bank. Ashok became insolvent, and 75 paise in rupee were received from his estate. How much amount will be debited/credited to realization?

Option 1: Debit Rs 20,000, Credit Rs 15,000

Option 2: Credit Rs 20,000, debit Rs 15000

Option 3: Debit Rs 40,000

Option 4: None of the above

Question : There were contingent liabilities from B/R received from Ashok for Rs 40,000 and discounted with the bank. Ashok became insolvent, and 75 paise in rupee were received from his estate. How much amount will be debited/credited to realization?

Option 1: Debit Rs 20,000, Credit Rs 15,000

Option 2: Credit Rs 20,000, debit Rs 15000

Option 3: Debit Rs 40,000

Option 4: None of the above

Question : A man bought a horse and a carriage for Rs. 40,000. He sold the horse at a gain of 10% and the carriage at a loss of 5%. He gained 1% on his whole transaction. The cost price of the horse was:

Option 1: Rs. 15,000

Option 2: Rs. 16,000

Option 3: Rs. 18,000

Option 4: Rs. 20,000