Comprehension
Based on following case study answer the question:
| Wages and salaries in cash | ₹5,000/- |
| Mixed Income of self employed | ₹3,500/- |
| Rent | ₹4,000/- |
| Corporate Profit Tax | ₹2,000/- |
| Dividend | ₹1,000/- |
| Employees contribution to provident fund | ₹500/- |
| Wages and salaries in kind | ₹2,000/- |
| Employer's contribution to social security schemes | ₹3,000/- |
| Corporate savings | ₹1,500/- |
| Net factor income from Aboard | (-) ₹200 |
Question: 1
What will be compensation of employees?
What will be compensation of employees?
Updated On: Oct 18, 2024
- Wages and salaries in cash + Rent + Dividend
- Wages and salaries in cash + Wages and salaries in kind + Employees contribution to provident fund
- Wages and salaries in cash + Wages and salaries in kind + Employer's contribution to social security schemes
- Mixed Income + Rent + Corporate Profit tax
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The Correct Option is C
Solution and Explanation
The correct option is (C) :Wages and salaries in cash + Wages and salaries in kind + Employer's contribution to social security schemes
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Question: 2
The components of operating Surplus:
The components of operating Surplus:
Updated On: Oct 18, 2024
- Rent+Dividend +Corporate savings
- Mixed Income + Dividend + Rent
- Rent+Dividend +Corporate savings + Corporate profit Tax
- Rent+Dividend +Corporate profit tax
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The Correct Option is C
Solution and Explanation
The correct option is (C) : Rent+Dividend +Corporate savings + Corporate profit Tax
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Question: 3
The components of profit are:
The components of profit are:
Updated On: Oct 18, 2024
- Mixed income + Rent + Corporate saving
- Dividend + Corporate saving + Rent
- Dividend +Corporate saving +Corporate profit tax
- Dividend +Corporate saving + Mixed income
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The Correct Option is C
Solution and Explanation
The correct option is (C) :Dividend +Corporate saving +Corporate profit tax
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Question: 4
Calculate the value of Domestic Income :
Calculate the value of Domestic Income :
Updated On: Oct 18, 2024
- ₹18,500/-
- ₹22,000/-
- ₹22,500/-
- ₹21,800/-
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The Correct Option is B
Solution and Explanation
The correct option is (B) :₹22,000/-
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Question: 5
Calculate the value of National Income:
Calculate the value of National Income:
Updated On: Oct 18, 2024
- ₹18,500/-
- ₹22,000/-
- ₹22,200/-
- ₹21,800/-
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The Correct Option is D
Solution and Explanation
The correct option is (D) :₹21,800/-
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Top Questions on Reading Comprehension
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THE FAIR ISLE METHOD: Fair Isle knitting is a traditional technique that involves using two or more colours of yarn in a single row to create intricate patterns and designs. This method requires careful tension management to ensure even stitches and prevent puckering. To begin, select your colours and cast on the desired number of stitches. As you knit, alternate between colours every few stitches, carrying the unused yarn along the back of the work. Mastering the Fair Isle technique allows you to create stunning visual effects in garments, accessories, and home textiles.
THE CONTINENTAL STYLE: The Continental knitting style, often referred to as “picking,” involves holding the yarn in the left hand while the right hand manipulates the needles. This method allows for greater speed and efficiency, particularly when working with complex patterns or multiple colours. To practice this style, start by casting on your stitches and using your left hand to tension the yarn. With each stitch, simply “pick” the yarn with your right needle, forming a quick and fluid motion. As you become comfortable with this technique, you may find that your overall knitting speed and comfort improve significantly.
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The Story of Coffee
Coffee, a beloved beverage enjoyed by millions around the globe, has a rich and captivating history that spans centuries. The story of coffee begins in the ancient highlands of Ethiopia, where, according to legend, a goat herder named Kaldi discovered the stimulating effects of coffee beans. One day, Kaldi noticed his goats frolicking with unusual energy after eating red berries from a certain tree. Curious, he tried the berries himself and experienced a newfound alertness. This discovery soon spread to monasteries, where monks used it to stay awake during long hours of prayer. From Ethiopia, coffee cultivation and consumption spread to the Arabian Peninsula, particularly in Yemen, where the practice of roasting coffee beans and brewing the drink began to take shape. By the 15th century, coffee had become a popular beverage in the Islamic world, with coffee houses known as ‘qahveh khaneh’ emerging as social hubs for conversation, music, and intellectual exchange. These coffee houses became centers of culture and commerce, influencing the spread of coffee to Turkey and beyond, eventually reaching Europe. In Europe, coffee initially faced resistance from religious authorities who considered it a ‘Muslim drink’ and tried to ban it. However, its popularity persisted, and by the 17th century, coffee houses had sprung up in major European cities, becoming important gathering places for artists, writers, and thinkers. The stimulating effects of coffee were embraced during the Age of Enlightenment, where it was seen as a catalyst for intellectual discussion and innovation. The journey of coffee continued with the establishment of colonial plantations in tropical regions such as the Caribbean, Central and South America, and Southeast Asia. These plantations fuelled the global demand for coffee, transforming it from a regional specialty to a major commodity. The industrial revolution further accelerated coffee production and consumption, leading to innovations in coffee brewing methods and the development of instant coffee. In the modern era, coffee has evolved into a deeply ingrained part of daily life for people worldwide. Its cultural significance spans from the bustling cafes of Paris to the quiet coffee farms of Colombia. Today, coffee remains not only a popular beverage but also a symbol of social interaction, productivity, and enjoyment. Whether sipped slowly over a conversation with friends or grabbed hastily on the way to work, the story of coffee continues to unfold, intertwining with the histories and cultures of countless societies across the globe.- AILET BALLB (Hons.) - 2025
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