Question : If  vendor are issued debentures of Rs 1,00,000 in consideration of net assets  of Rs 1,20,000, the balance of Rs 20,000 will be  credited to

Option 1: Statement  of profit and loss 

Option 2: Goodwill

Option 3: Capital reserve 

Option 4: General reserve

Question :  All those elements which create liability and decrease the assets of government are known as

Option 1: Capital Receipts

Option 2: Capital Payments

Option 3: Revenue Receipts

Option 4: Revenue Payments

Question : Article 112 deals with:

Option 1: Consolidated Fund of India

Option 2:  Public Account

Option 3:  Union Budget

Option 4: Contingency Fund

Question :  The Great Leap Forward (GLF) campaign took place in ________

Option 1: 1948

Option 2: 1938

Option 3: 1958

Option 4: 1942

Question :

Identify the function performed by Financial Maret from the following statement :

"Holders of assets can readily sell their financial assets through the mechanism of the financial market'

Option 1: Reduce the cost of transactions

Option 2: Provide liquidity to financial assets

Option 3: Facilitate price discovery

Option 4: Mobilisation of savings and channelising them into the most productive uses

Question :

 Identify the correct sequence of the Controlling process :

(A) Analysing deviations

(B) Measurement of actual performance

(C) Setting up standards

(D) Comparison of actual performance with standards

Choose the correct answer from the options below:

Option 1: (A), (B), (C), (D)

Option 2:  (A), (C), (B), (D)

Option 3:  (B), (A), (D), (C)

Option 4: (C), (B), (D),(A)