Question : ________ is a record of assets and liabilities of any firm.
Option 1: Bill file
Option 2: Balance of payment
Option 3: Balance sheet
Option 4: Bank bailout
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Correct Answer: Balance sheet
Solution : The correct answer is the Balance sheet.
A balance sheet is a type of financial statement that shows an organisation's assets, liabilities and shareholders' equity as of a specific date. The assets appear on the side of the balance sheet that is opposite of the liabilities.
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Question : The difference in the value of visible exports and visible imports is called :
Option 1: Balance Sheet of items
Option 2: Balance of Payments
Option 3: Balance of Trade
Option 4: Balance of Account
Question : The bill which provided for the trial of British or European persons by Indians was ______.
Option 1: Hastings Bill
Option 2: Dalhousie Bill
Option 3: Ilbert Bill
Option 4: George Bill
Question : Which of the following bills can be initiated only in the Lok Sabha?
Option 1: Private members bill
Option 2: Constitution amendment bill
Option 3: Government bill
Option 4: Money bill
Question : The Balance of Payment Account of an economy is related to the ____________.
Option 1: agriculture sector
Option 2: external sector
Option 3: government sector
Option 4: private sector
Question : If $a^{3}+\frac{1}{a^{3}}=2$, then the value of $\frac{a^{2}+1}{a}$ is ($a$ is a positive number):
Option 1: 1
Option 2: 2
Option 3: 3
Option 4: 4
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