List of practice Questions

Reconstitution of Partnership means :
A. Change in Profit Sharing Ratio among existing partners
B. Dissolution of Partnership firm
C. Retirement of Partner
D. Admission of Partner
E. Death of Partner
Choose the correct answer from the options given below :

Match List I with List II

List I		List II
A.	Liquidity Ratio	I.	Propnetary Ratio
B.	Solvency Ratio	II.	Trade Reservable turnover Ratio
C.	Activity Ratio	III.	Operating Ratio
D.	Profitability Ratio	IV.	Current Ratio

Choose the correct answer from the options given below :

Match List I with List II

List I Formula		List II Term/Item
A.	Current liiabilities - working capital	I.	Capital Employed
B.	Shareholders Fund - Debts	II.	Operating Cost
C.	Operating Expenses - Cost of Revenue from operation	III.	Current Assets
D.	Net Profit - Non Operating Expenses (-) Non Operating Inccentive	IV.	Operating Profit

Choose the correct answer from the options given below :

Match List I with List II

List I		List II
A.	Operating Activities	I.	Depreciation
B.	Investing Activities	II.	Cash Paid to Supplier
C.	Financing Activities	III.	Sale of Land
D.	Non Cash item	IV.	Increase in Share Capital

Choose the correct answer from the options given below :

Match List I with List II

List I		List II
A.	Super Profit	I.	Actual Average Profit - Normal Profit
B.	Normal Profit	II.	Super Profit × \(\frac{100}{\text{Normal rate of return}}\)
C.	Goodwill	III.	Total Assets - Outside Liabilities
D.	Capital Employed	IV.	\(\frac{\text{Capital Employed × Normal Rate of Return }}{100}\)

Choose the correct answer from the options given below :

How can morbidity be prevented?
A. Ensuring safe drinking water
B. Taking good education
C. Healthy and nutrative food
D. By employment generation
E. Sanitation
Choose the correct answer from the options given below:

Arrange the following of elasticities of demand in increasing order as per geometric method.
A. Mid-Point of the demand curve
B. Intercept on Y-axis
C. Between Mid-Point and intercept on X-axis
D. Between Mid-Point and intercept on Y-axis
E. Intercept on X-axis
Choose the correct answer from the options given below:

Match List I with List II

LIST I		LIST II
A	Revenue Receipt	I	Increase in Liability
B	Capital Receipt	II	Do not increase in Asset
C	Revenue Expenditure	III	Increase in Asset
D	Capital Expenditure	IV	Do not increase Liability

Choose the correct answer from the options given below:

Match List I with List II

LIST I		LIST II
A	Accommodating items	I	International purchases
B	Capital Account	II	Central Bank
C	Balance of trade	III	Above the line items
D	Dirty Floating	IV	Visible items

Choose the correct answer from the options given below:

Based on the following diagram answer the question:

Alternative Text

The gap E'F in the diagram indicate

Based on the following diagram answer the question:

Alternative Text

Given initial investment is ₹ 200 crores and MPC=0.8. If autonomous investment increases by ₹ 50 crores, the income will increase by ₹ ________ crores.

Based on the following diagram answer the question:

Alternative Text

Identify the correct statement from the following statements :

Based on the following diagram answer the question:

Alternative Text

To deal with the gap E'F, the central Bank will

Based on the following diagram answer the question:

Alternative Text

Identify the reason for shifting of the Aggregate Demand (AD) curve from AD1 to AD2

A section of the big industrialists got together in 1944 and drafted a joint proposal for setting up a planned economy in the country it was called _________

The following are features of flexible exchange rate system select the correct option.
(A) Give more flexibility to government.
(B) Restricts countries in conducting monetary policies.
(C) Government intervenes to comes gaps in BOP.
(D) Automatically takes care of surplus and deficit in BOP.
(E) Speculator attack on currency.
Choose the correct answer from the options given below:

In the production of sugar, sugarcane is

In this diagram, budget line goes flater from $ P_1 P_2 \,to \,P_2 P^{'}_1 $ . The reason for budget line being flater is:

Which of the following is not a part of money supply?

A student of economics has recorded following transactions under revenue receipts, Identify the incorrect item recorded by her, if any :

The first industrial policy resolution (IPR) in independent India was introduced in year _____

Regulation of markets aim to create orderly and transparent marketing conditions. Name the group that has been benefited from this:

The difference between national income and domestic income is ________. Choose the correct answer from the following.

Identify the correct statements from the following:
(A) When central bank buys securities without any promise to sell them later is called injecting
(B) Open market operations in buying and selling of securities by the commercial bank
(C) Open market operation leads to a change in bank rate
(D) When central bank sells securities without any promise to buy them later is called injecting
(E) RBI influences money supply through open market operations
Choose the correct answer from the options given below:

In India, Fiscal Responsibility and Budget Management Act, (FRBMA) was enacted in the year ________.