Question : Which of the following is not true in relation to Goodwill?
Option 1: It is an intangible asset
Option 2: It is a fictitious asset
Option 3: It has a realisable value
Option 4: All of these
Correct Answer: It is a fictitious asset
Solution : Goodwill is not a fictitious asset but it is an intangible asset. For example, the loss is a fictitious asset because it has no realizable value. Hence, the correct option is 2.
Question : Which of the following statement is correct for the management as a science?
Option 1: It has restricted entry.
Option 2: It has an ethical code of conduct.
Option 3: It has a systematised body of knowledge.
Option 4: All of the above
Question : India is a republic because
Option 1: It is democratic country
Option 2: It is a parliamentary democracy
Option 3: The head of the state is elected for a definite period.
Question : Which of the following is not correct about the jurisdiction of the high court?
Option 1: It controls the subordinate courts within its jurisdiction.
Option 2: It has the power of judicial review.
Option 3: It provides an advisory opinion to the President of India.
Option 4: It has writ jurisdiction.
Question : What does it mean when an object has a positive charge?
Option 1: It has more electrons than protons.
Option 2: It has more protons than electrons.
Option 3: It has more neutrons than electrons.
Option 4: It has more neutrons than protons.
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