Question 1

Which of the following is NOT a communicable disease?

Accepted Answer

The correct answer is: Diabetes. Diabetes is a chronic, non-communicable metabolic disorder characterized by high blood sugar levels. Tuberculosis, Influenza, and Ringworm are communicable infectious diseases.

Question 2

Consider the following statements:

- a. There is infinite storage of fossil fuel inside the earth.
- b. Sun can be taken as an inexhaustible source of energy.
- c. Waste from a nuclear power plant can be easily disposed of.

Which of the above statements is/are NOT correct?

Accepted Answer

The correct answer is: a and c. Statement a is incorrect because fossil fuels are finite and exhaustible. Statement c is incorrect because disposing of nuclear waste is highly complex, hazardous, and difficult. Statement b is correct, so a and c are NOT correct.

Question 3

What does the Lorenz curve represent?

Accepted Answer

The correct answer is: Income distribution. The Lorenz curve is a graphical representation developed by Max O. Lorenz in 1905 to show the distribution of income or wealth within an economy (inequality representation).

Question 4

The thrust on a rocket is in:

Accepted Answer

The correct answer is: the same direction of the rocket. According to Newton's Third Law of Motion, the downward ejection of exhaust gases (action) creates an equal and opposite upward reaction force (thrust) on the rocket, which acts in the same direction as the rocket's motion.

Question 5

What causes the twinkling of stars?

Accepted Answer

The correct answer is: Atmospheric refraction of starlight. The twinkling of stars is caused by the atmospheric refraction of starlight as it passes through different layers of air with continuously changing refractive indices.

Question 6

Who invented the Light Bulb?

Accepted Answer

The correct answer is: Thomas Edison. Thomas Alva Edison patented the first commercially practical incandescent light bulb in 1879.

Question 7

The Bacille Calmette-Guérin vaccine (popularly called BCG vaccine) is used to prevent which of these diseases?

Accepted Answer

The correct answer is: Tuberculosis. BCG (Bacille Calmette-Guérin) vaccine is a vaccine primarily used to protect against Tuberculosis (TB).

Question 8

Name the hardest material present in the human body:

Accepted Answer

The correct answer is: Enamel. Tooth Enamel, which covers the crown of the tooth, is the hardest and most mineralized substance in the human body.

Question 9

Which is the most malleable metal?

Accepted Answer

The correct answer is: Gold. Gold is the most malleable (and ductile) metal. It can be beaten into extremely thin gold sheets (gold leaf) without breaking.

Question 10

What is dry ice?

Accepted Answer

The correct answer is: Solid Carbon dioxide. Dry ice is the common name for solid Carbon Dioxide ($CO_2$). It is used as a cooling agent because it sublimates directly from solid to gas.

Question 11

What is the common name of Calcium Hypochlorite?

Accepted Answer

The correct answer is: Bleaching powder. Calcium Hypochlorite ($Ca(OCl)_2$) is the chemical name for Bleaching Powder, widely used for disinfecting water and bleaching.

Question 12

The washing machine works on the principle of which of the following?

Accepted Answer

The correct answer is: Centrifugation. A washing machine works on the principle of centrifugation. High-speed spinning creates centrifugal force that separates water from clothes.

Question 13

Which hill is the Vaishno Devi Mandir located on?

Accepted Answer

The correct answer is: Trikuta. Vaishno Devi Mandir is a holy Hindu temple situated on the Trikuta Hills in Katra, Jammu and Kashmir.

Question 14

'Short-sight' in the human eye can be corrected by using a proper:

Accepted Answer

The correct answer is: Concave Lens. Short-sightedness (Myopia) occurs when light focuses in front of the retina. It is corrected using a Concave (diverging) lens to push the focus back onto the retina.

Question 15

Which of the following memory is used for storing software that does not need updates?

Accepted Answer

The correct answer is: ROM. ROM (Read-Only Memory) is non-volatile memory used to store permanent firmware/software (like the system BIOS) that does not require regular updates.

Question 16

Which of the following is an antivirus?

Accepted Answer

The correct answer is: Norton. Norton is a widely used commercial antivirus software utility. Trojan Horse, Worms, and Macro Virus are types of malware.

Question 17

The term FLOSS is associated with:

Accepted Answer

The correct answer is: Open source software. FLOSS stands for 'Free/Libre and Open-Source Software', indicating software that is free to run, copy, distribute, and modify.

Question 18

A Daisy wheel printer is what type of printer?

Accepted Answer

The correct answer is: Impact. A Daisy Wheel printer is an impact printer because it works by physically striking a hammer against a character wheel and ink ribbon onto the paper.

Question 19

Which of the following cloud storage services is owned by Microsoft?

Accepted Answer

The correct answer is: One drive. OneDrive is the proprietary cloud storage service owned and operated by Microsoft. iCloud belongs to Apple, and Google Drive belongs to Google.

Question 20

Where is firmware stored?

Accepted Answer

The correct answer is: ROM. Firmware is a specific class of computer software that provides low-level control for the device's hardware, permanently stored in non-volatile ROM/Flash chips.

Question 21

In the IT Act 2000, which section deals with the punishment for cyber terrorism?

Accepted Answer

The correct answer is: 66 (F). Section 66F of the Information Technology Act, 2000, covers the definition and penal provisions for cyber terrorism, carrying a maximum punishment of life imprisonment.

Question 22

The digital signature service that has been launched on the Aadhaar platform is called:

Accepted Answer

The correct answer is: eSign Desk. eSign Desk (or eSign) is an online electronic signature service in India launched to facilitate Aadhaar holders to digitally sign documents.

Question 23

What does "Smart Governance" involve?

Accepted Answer

The correct answer is: Integrating IT to improve service delivery and decision-making. Smart Governance (Simple, Moral, Accountable, Responsive, and Transparent) involves using Information and Communication Technology (ICT) to make government services and decision-making more efficient.

Question 24

Arrange the following historical events in chronological order:

- a. Jallianwala Bagh Massacre
- b. Dandi March
- c. Lucknow Pact
- d. Quit India Movement

Accepted Answer

The correct answer is: c, a, b, d. The correct chronological order is: Lucknow Pact (1916), Jallianwala Bagh Massacre (1919), Dandi March (1930), and Quit India Movement (1942). This matches sequence: c, a, b, d.

Question 25

The "UMANG" app allows citizens to access:

Accepted Answer

The correct answer is: Government services and information. UMANG (Unified Mobile Application for New-age Governance) is a multi-platform government app designed to provide single-point access to various central and state government services.

Question 26

The first legislature of the princely state of Jammu and Kashmir was called the:

Accepted Answer

The correct answer is: Praja Sabha. The first legislature of Jammu and Kashmir was established in 1934 by Maharaja Hari Singh and was called the Praja Sabha.

Question 27

Which of the following is NOT a tributary of Jhelum River?

Accepted Answer

The correct answer is: Verinag. Verinag is the origin spring of the Jhelum River, located in Anantnag. Vishaw, Sind Nallah, and Romushi are tributaries of the Jhelum River.

Question 28

As per J & K reorganisation Act, 2019, UT created without legislature is:

Accepted Answer

The correct answer is: Ladakh. Under the Jammu and Kashmir Reorganisation Act, 2019, J&K was made a Union Territory with a legislature, whereas Ladakh was created as a Union Territory without a legislature.

Question 29

Consider the following statements regarding Kud dance:

1. Kud dance is performed to honour the gods Lok Devtas' as a thanks giving ritual.
2. It is practiced on festive occasions like Eid and Ramzan days are going.

Which of the above statements is/are correct?

Accepted Answer

The correct answer is: Only 1. Statement 1 is correct. Kud is a traditional thanksgiving folk dance performed in Jammu's hilly areas to honor the Lok Devtas (local deities). Statement 2 is incorrect as it is performed during rainy nights and after harvesting, not on Eid/Ramzan.

Question 30

Which of the places is known as the "Gateway to the Kashmir valley"?

Accepted Answer

The correct answer is: None of the above. Banihal (also Qazigund) is known as the 'Gateway to Kashmir Valley' because it connects Jammu with Srinagar through the Banihal pass. Since it is not in the options, 'None of the above' is correct.

Question 31

Which pass connects Jammu and Kashmir with Ladakh?

Accepted Answer

The correct answer is: Zoji La Pass. The Zoji La Pass connects the Kashmir Valley (near Sonamarg) to Ladakh (Drass/Kargil).

Question 32

What is the official language of Jammu and Kashmir?

Accepted Answer

The correct answer is: Urdu. Urdu was traditionally the sole official language of Jammu and Kashmir since 1889. Although the J&K Official Languages Act, 2020 added Kashmiri, Dogri, Hindi, and English as official languages, Urdu remains the standard correct answer in classical state competitive exams.

Question 33

Consider the following pairs:

- A. Vitamin A: Anaemia
- B. Vitamin C: Skin Diseases
- C. Vitamin D: Rickets
- D. Vitamin B1: Beri Beri

Which of the above pairs are correctly matched?

Accepted Answer

The correct answer is: C and D. Vitamin D deficiency causes Rickets (C is correct) and Vitamin B1 deficiency causes Beri Beri (D is correct). Vitamin A deficiency causes Night Blindness (Anaemia is due to iron deficiency), and Vitamin C deficiency causes Scurvy.

Question 34

Arrange the following Indian states in order from North to South:

- a. Himachal Pradesh
- b. Tamil Nadu
- c. Telangana
- d. Madhya Pradesh

Accepted Answer

The correct answer is: a, d, c, b. Geographical arrangement from North to South is: Himachal Pradesh (a), Madhya Pradesh (d), Telangana (c), and Tamil Nadu (b). This corresponds to sequence a, d, c, b.

Question 35

Consider the following national parks and the states they are located in:

- a. Kaziranga National Park: 4. Assam
- b. Jim Corbett National Park: 3. Uttarakhand
- c. Ranthambore National Park: 2. Rajasthan
- d. Gir National Park: 1. Gujarat

Which of the following pairs is/are correctly matched?

Accepted Answer

The correct answer is: a-4, b-3, c-2, d-1. The correct matches are: Kaziranga is in Assam (a-4), Jim Corbett is in Uttarakhand (b-3), Ranthambore is in Rajasthan (c-2), and Gir is in Gujarat (d-1). This corresponds to a-4, b-3, c-2, d-1.

Question 36

Arrange the following events of 2023 in chronological order:

- a. G20 Summit in India
- b. ICC World Cup Final 2023
- c. Launch of Chandrayaan 3
- d. COP28 climate summit in Dubai

Accepted Answer

The correct answer is: c, a, b, d. The chronological order is: Launch of Chandrayaan 3 (July 14, 2023), G20 Summit in New Delhi (September 9-10, 2023), ICC World Cup Final (November 19, 2023), and COP28 Summit in Dubai (November 30, 2023). This matches sequence: c, a, b, d.

Question 37

Consider the following statements regarding Rabi crops:

- a. Rabi crops are sowed between October and November.
- b. Rabi crops require a lot of water.
- c. Rabi crops need warm weather for growth.

Which of the above statements is/are correct?

Accepted Answer

The correct answer is: Only a. Statement a is correct. Rabi crops (winter crops) are sown in October-November and harvested in spring. Statements b and c are incorrect because Kharif crops require a lot of water and warm weather, whereas Rabi crops require cool climates.

Question 38

The population growth rate means:

Accepted Answer

The correct answer is: Difference between birth rate and death rate. The population growth rate is the rate at which the number of individuals in a population increases, which is fundamentally calculated as the difference between the birth rate and the death rate.

Question 39

In which tourist place is the Kolahoi glacier located?

Accepted Answer

The correct answer is: Pahalgam. Kolahoi Glacier is a valley glacier located in the northwestern Himalayan Range, approximately 26 km north of Pahalgam.

Question 40

Consider the following pairs of lakes and the states they are located in:

- a. Hussain Sagar: 4. Telangana
- b. Pulicate Lake: 3. Andhra Pradesh
- c. Dal Lake: 2. Jammu and Kashmir
- d. Loktak Lake: 1. Manipur

Which of the following pairs is/are correctly matched?

Accepted Answer

The correct answer is: a-4, b-3, c-2, d-1. The correct matches are: Hussain Sagar is in Telangana (a-4), Pulicat Lake in Andhra Pradesh (b-3), Dal Lake in J&K (c-2), and Loktak Lake in Manipur (d-1). This corresponds to a-4, b-3, c-2, d-1.

Question 41

Consider the following statements regarding Ajanta Caves:

- a. Ajanta caves were tagged as UNESCO World Heritage Sites in 1983.
- b. Currently, these caves are taken care of by the Archaeological Survey of India.
- c. The caves are believed to be made in Gupta period and Vakataka period.

Which of the above statements is/are correct?

Accepted Answer

The correct answer is: All of the above. All statements are correct. Ajanta Caves became a UNESCO World Heritage site in 1983, are preserved by the ASI, and were excavated during the Vakataka and Gupta periods.

Question 42

Who is popularly known as the "Grand Old Man of India"?

Accepted Answer

The correct answer is: Dadabhai Naoroji. Dadabhai Naoroji is known as the 'Grand Old Man of India'. He was a prominent leader in the Indian national movement and formulated the Drain of Wealth theory.

Question 43

Consider the following pairs of dams and the states they are located in:

- a. Sardar Sarovar Dam: 3. Gujarat
- b. Bhavani Sagar Dam: 4. Tamil Nadu
- c. Koyna Dam: 2. Maharashtra
- d. Tehri Dam: 1. Uttarakhand

Which of the following pairs is/are correctly matched?

Accepted Answer

The correct answer is: a-3, b-4, c-2, d-1. The correct matches are: Sardar Sarovar in Gujarat (a-3), Bhavani Sagar in Tamil Nadu (b-4), Koyna in Maharashtra (c-2), and Tehri in Uttarakhand (d-1). This corresponds to: a-3, b-4, c-2, d-1.

Question 44

Food cans are coated with tin instead of zinc due to:

Accepted Answer

The correct answer is: Zinc is more reactive than tin.. Zinc is more reactive than tin. It can react with acids present in food items and make them toxic, whereas tin is less reactive and safe for food contact.

Question 45

Consider the following pairs of historical terms and entities of Jammu and Kashmir:

- a. Founder of Dogra Dynasty: 4. Gulab Singh
- b. Dar-Ul-Aman (written as Dar-Ul-Alam): 1. Maharaja Ranjit Dev
- c. Mian Deedo: 2. Rebellion Group Head
- d. Treaty of Lahore: 3. 1846

Which of the following pairs is/are correctly matched?

Accepted Answer

The correct answer is: a-4, b-1, c-2, d-3. The correct matches are: Maharaja Gulab Singh founded the Dogra Dynasty (a-4); Jammu was named 'Dar-ul-Aman' during the reign of Maharaja Ranjit Dev due to religious peace (b-1); Mian Deedo was a rebel leader against Sikh rule in Jammu (c-2); and the Treaty of Lahore was signed in 1846 (d-3).

Question 46

Fixed cost is a cost:

Accepted Answer

The correct answer is: Which does not change in total during a given period despite changes in output. Fixed costs are those expenses that remain constant in total amount over a specific range of activity/output during a given period, regardless of volume changes.

Question 47

Calculate the Prime Cost from the following information:

- Direct material purchased: Rs. 1,00,000
- Direct material consumed: Rs. 90,000
- Direct labour: Rs. 60,000
- Direct expenses: Rs. 20,000
- Manufacturing overheads: Rs. 30,000

Accepted Answer

The correct answer is: Rs. 1,70,000. Prime Cost is the sum of direct costs: Prime Cost = Direct Materials Consumed + Direct Labour + Direct Expenses = Rs. 90,000 + Rs. 60,000 + Rs. 20,000 = Rs. 1,70,000. (Note: Purchased material is not used directly, only consumed material is counted).

Question 48

Suppliers' personal accounts are seen in the:

Accepted Answer

The correct answer is: Purchases Ledger. The Purchases Ledger (or Creditors Ledger) contains the personal accounts of all suppliers from whom goods have been purchased on credit.

Question 49

Bookkeeping is regarded as the _____ step of accounting.

Accepted Answer

The correct answer is: First. Bookkeeping is the recording phase of accounting and constitutes the first step in the accounting process, which is followed by classifying, summarizing, and interpreting.

Question 50

Which of the following is correct?

Accepted Answer

The correct answer is: asset = liability + equity. The fundamental accounting equation is Assets = Liabilities + Capital (Owner's Equity). This represents the balance sheet structure.

Question 51

Which concept suggests the exclusion of human resources in the balance sheet?

Accepted Answer

The correct answer is: Money Measurement Concept. The Money Measurement Concept states that only transactions and events that can be expressed in terms of money should be recorded. Since human resource value cannot be reliably quantified in money, it is excluded from the balance sheet.

Question 52

Which of the following procedures should an accountant follow while preparing a voucher?

Accepted Answer

The correct answer is: All of the above. An accountant preparing a voucher must verify details on supporting bills, check authorization signatures, and determine the correct voucher type (receipt, payment, journal). Thus, all procedures are correct.

Question 53

Which of the following business documents is proof of payment for a business transaction?

Accepted Answer

The correct answer is: Receipt. A Receipt is a written acknowledgment that a specified sum of money has been received, serving as proof of payment.

Question 54

In a bank statement, cash deposited by the customer is shown as:

Accepted Answer

The correct answer is: credit. For the bank, customer deposits are liabilities. Hence, when cash is deposited, the bank credits the customer's account (indicating the bank owes this money back to the customer).

Question 55

Which of the following constitute a food-chain?

Accepted Answer

The correct answer is: Grass, goat and human. Grass (Producer) is eaten by Goat (Primary Consumer), which in turn is consumed by Human (Secondary Consumer), forming a valid food chain.

Question 56

What is "Deposit in transit" in bank reconciliation?

Accepted Answer

The correct answer is: Added to Bank Balance. Deposits in transit are funds received and recorded by the company in its cash book but not yet processed and recorded by the bank. In bank reconciliation, these are added to the bank statement balance.

Question 57

What type of cheque is that which is issued by a firm but not yet presented to the bank?

Accepted Answer

The correct answer is: Outstanding cheques. An outstanding cheque (also known as an unpresented cheque) is a cheque that has been written and issued by the firm but has not yet been presented to the bank for payment.

Question 58

The Public Financial Management System (PFMS) was earlier known as:

Accepted Answer

The correct answer is: Central Plan Schemes Monitoring System (CPSMS). The Public Financial Management System (PFMS) was initially launched as a pilot program called the Central Plan Schemes Monitoring System (CPSMS) in 2009 to track funds released under plan schemes.

Question 59

A statement of financial position produced from incomplete accounting records is commonly known as:

Accepted Answer

The correct answer is: Statement of affairs. Under the single entry system (incomplete records), a Statement of Affairs is prepared to estimate the financial position of a business and calculate opening and closing capital.

Question 60

What happens when interest on drawings is charged to a partner?

Accepted Answer

The correct answer is: Debited to partner's capital a/c. Interest on drawings is charged to partners as it is an expense for them. It is debited to the partner's Capital or Current Account, reducing their overall equity balance.

Question 61

M and N are two partners sharing profits and losses in a 3:2 ratio. They admit P as a new partner with a 1/5th share. What will be the new profit-sharing ratio?

Accepted Answer

The correct answer is: 12:8:5. Let total profit = 1. P's share = 1/5. Remaining share = 1 - 1/5 = 4/5. M's new share = 3/5 * 4/5 = 12/25. N's new share = 2/5 * 4/5 = 8/25. P's share = 1/5 = 5/25. The new profit-sharing ratio is 12:8:5.

Question 62

The method of transferring items from a journal into their respective ledger accounts is known as:

Accepted Answer

The correct answer is: Posting. Posting is the process of transferring debits and credits from the journal or other books of original entry to the respective ledger accounts.

Question 63

When an audit is undertaken to check the financial controls and irregularities in the organization, it is which type of audit?

Accepted Answer

The correct answer is: Internal audit. An internal audit is conducted within an organization to evaluate risk management, internal controls, and check for any financial irregularities/frauds.

Question 64

Current Ratio is calculated as:

Accepted Answer

The correct answer is: Current assets / Current liabilities. Current Ratio is a liquidity ratio that measures a company's ability to cover its short-term obligations. It is calculated as Current Assets divided by Current Liabilities.

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Which of the following is NOT a communicable disease?

Consider the following statements: - a. There is infinite storage of fossil fuel inside the earth. - b. Sun can be taken as an inexhaustible source of energy. - c. Waste from a nuclear power plant can be easily disposed of. Which of the above statements is/are NOT correct?

What does the Lorenz curve represent?

The thrust on a rocket is in:

What causes the twinkling of stars?

Who invented the Light Bulb?

The Bacille Calmette-Guérin vaccine (popularly called BCG vaccine) is used to prevent which of these diseases?

Name the hardest material present in the human body:

Which is the most malleable metal?

What is dry ice?

What is the common name of Calcium Hypochlorite?

The washing machine works on the principle of which of the following?

Which hill is the Vaishno Devi Mandir located on?

'Short-sight' in the human eye can be corrected by using a proper:

Which of the following memory is used for storing software that does not need updates?

Which of the following is an antivirus?

The term FLOSS is associated with:

A Daisy wheel printer is what type of printer?

Which of the following cloud storage services is owned by Microsoft?

Where is firmware stored?

In the IT Act 2000, which section deals with the punishment for cyber terrorism?

The digital signature service that has been launched on the Aadhaar platform is called:

What does "Smart Governance" involve?

Arrange the following historical events in chronological order: - a. Jallianwala Bagh Massacre - b. Dandi March - c. Lucknow Pact - d. Quit India Movement

The "UMANG" app allows citizens to access:

The first legislature of the princely state of Jammu and Kashmir was called the:

Which of the following is NOT a tributary of Jhelum River?

As per J & K reorganisation Act, 2019, UT created without legislature is:

Consider the following statements regarding Kud dance: 1. Kud dance is performed to honour the gods Lok Devtas' as a thanks giving ritual. 2. It is practiced on festive occasions like Eid and Ramzan days are going. Which of the above statements is/are correct?

Which of the places is known as the "Gateway to the Kashmir valley"?

Which pass connects Jammu and Kashmir with Ladakh?

What is the official language of Jammu and Kashmir?

Consider the following pairs: - A. Vitamin A: Anaemia - B. Vitamin C: Skin Diseases - C. Vitamin D: Rickets - D. Vitamin B1: Beri Beri Which of the above pairs are correctly matched?

Arrange the following Indian states in order from North to South: - a. Himachal Pradesh - b. Tamil Nadu - c. Telangana - d. Madhya Pradesh

Consider the following national parks and the states they are located in: - a. Kaziranga National Park: 4. Assam - b. Jim Corbett National Park: 3. Uttarakhand - c. Ranthambore National Park: 2. Rajasthan - d. Gir National Park: 1. Gujarat Which of the following pairs is/are correctly matched?

Arrange the following events of 2023 in chronological order: - a. G20 Summit in India - b. ICC World Cup Final 2023 - c. Launch of Chandrayaan 3 - d. COP28 climate summit in Dubai

Consider the following statements regarding Rabi crops: - a. Rabi crops are sowed between October and November. - b. Rabi crops require a lot of water. - c. Rabi crops need warm weather for growth. Which of the above statements is/are correct?

The population growth rate means:

In which tourist place is the Kolahoi glacier located?

Consider the following pairs of lakes and the states they are located in: - a. Hussain Sagar: 4. Telangana - b. Pulicate Lake: 3. Andhra Pradesh - c. Dal Lake: 2. Jammu and Kashmir - d. Loktak Lake: 1. Manipur Which of the following pairs is/are correctly matched?

Who is popularly known as the "Grand Old Man of India"?

Consider the following pairs of dams and the states they are located in: - a. Sardar Sarovar Dam: 3. Gujarat - b. Bhavani Sagar Dam: 4. Tamil Nadu - c. Koyna Dam: 2. Maharashtra - d. Tehri Dam: 1. Uttarakhand Which of the following pairs is/are correctly matched?

Food cans are coated with tin instead of zinc due to:

Fixed cost is a cost:

Calculate the Prime Cost from the following information: - Direct material purchased: Rs. 1,00,000 - Direct material consumed: Rs. 90,000 - Direct labour: Rs. 60,000 - Direct expenses: Rs. 20,000 - Manufacturing overheads: Rs. 30,000

Suppliers' personal accounts are seen in the:

Bookkeeping is regarded as the _____ step of accounting.

Which of the following is correct?

Which concept suggests the exclusion of human resources in the balance sheet?

Which of the following procedures should an accountant follow while preparing a voucher?

Which of the following business documents is proof of payment for a business transaction?

In a bank statement, cash deposited by the customer is shown as:

Which of the following constitute a food-chain?

What is "Deposit in transit" in bank reconciliation?

What type of cheque is that which is issued by a firm but not yet presented to the bank?

The Public Financial Management System (PFMS) was earlier known as:

A statement of financial position produced from incomplete accounting records is commonly known as:

What happens when interest on drawings is charged to a partner?

M and N are two partners sharing profits and losses in a 3:2 ratio. They admit P as a new partner with a 1/5th share. What will be the new profit-sharing ratio?

The method of transferring items from a journal into their respective ledger accounts is known as:

When an audit is undertaken to check the financial controls and irregularities in the organization, it is which type of audit?

Current Ratio is calculated as:

A bank passbook is a copy of:

Consider the following pairs: - A. Power: Watts - B. Current: Volt - C. Frequency: Hertz - D. Resistance: Ampere Which of the above pairs are correctly matched?

A trial balance helps to check the accuracy of the:

Which of the following entities generally prepare their books of accounts under the single entry system?

GST is a consumption of goods and service tax based on:

What does financial leverage measure?

A Finance Bill becomes the Finance Act when it is passed by:

Income which accrues or arises outside India & is also received outside India is taxable in the case of:

Which of the following is/are included in the definition of "Goods" as defined under section 2(52) of the CGST Act, 2017?

The amount payable at the time of closure or opting out of the National Pension Scheme referred to in section 80CCD shall be exempt to the extent of _____ of the total amount payable.

Goodwill of a firm of X and Y is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. Z is admitted for a 1/4th share. What amount is Z supposed to bring for goodwill?

Assertion (A): If the interest is payable outside India, tax must be deducted at source. Reason (R): If tax has not been deducted at source, the amount paid as interest will not be allowed as a deduction in computing business income. Select the correct answer from the code given below:

Consider the following pairs of elements and their chemical symbols: - a. Sodium: 3. Na - b. Carbon: 4. C - c. Sulphur: 1. S - d. Cobalt: 2. Co Which of the following pairs is/are correctly matched?

Identify the correct meaning of the idiom: A snake in the grass

Select the correct synonym of the word: ADMONISH

Select the correct antonym of the word: AGONY