Question :

Quick Ratio 1:1.Current Assets Rs 60,000, Current liabilities  Rs 40,000. Calculate the value of inventory.

Option 1: Rs.40,000

Option 2: Rs.20,000

Option 3: Rs.10,000

Option 4:

Rs.22,000

Question : Choose the correct statement

Statement 1: In order to interpret financial statements in a useful way, ratio analysis involves a comparison that provides a good interpretation of the financial statement.
Statement 2: An individual ratio by itself cannot determine if a position is favorable or unfavorable. It should be compared to another company in the same industry or to previous ratios of the same company.

Option 1: Statement 1 is correct, Statement 2 is wrong

Option 2: Statement 2 is correct, and Statement 1 is wrong

Option 3:

Both Statements are correct

Option 4: Both Statements are wrong

Question : The Current Ratio of a company is 2:1. State, that the following transaction would improve, reduce or alter the current ratio.

Issue of new shares against the purchase of fixed assets.

Option 1:

Improve

Option 2:

Reduce

Option 3:

Alter

Option 4: Not alter

Question :

The colour of the eye depends upon the pigment present in:

Option 1:

cornea

Option 2:

iris

Option 3:

rods

Option 4: cones

Question :

How many bones are there in the human body?

Option 1:

187

Option 2:

287

Option 3:

206

Option 4: 306