To solve the problem, we need to identify the correct objective of Intramural tournaments, which are competitions held within a single institution among its own students.
1. Understanding Intramural Tournaments:
Intramural tournaments are organized within the same institution such as a school or college. They are designed to encourage participation, physical activity, and social bonding among students of the same campus.
2. Evaluating the Options:
- (A) To achieve high performance at the highest level of the tournament: This aligns more with extramural or elite competitions, not intramurals.
- (B) To develop the feeling of integration with other institutions: This applies to inter-school or extramural events.
- (C) To provide opportunities for choosing a career in sports: Intramurals are for recreational and participatory purposes, not career-oriented.
- (D) To promote health and recreation at the institution: This is the core purpose of intramural tournaments. They focus on fitness, enjoyment, and internal bonding among students.
Final Answer:
(D) To promote health and recreation at the institution.

Rishika and Shivika were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2024 stood as follows:
Balance Sheet of Rishika and Shivika as at 31st March, 2024
| Liabilities | Amount (₹) | Assets | Amount (₹) |
|---|---|---|---|
| Capitals: | Equipment | 45,00,000 | |
| Rishika – ₹30,00,000 Shivika – ₹20,00,000 | 50,00,000 | Investments | 5,00,000 |
| Shivika’s Husband’s Loan | 5,00,000 | Debtors | 35,00,000 |
| Creditors | 40,00,000 | Stock | 8,00,000 |
| Cash at Bank | 2,00,000 | ||
| Total | 95,00,000 | Total | 95,00,000 |
The firm was dissolved on the above date and the following transactions took place:
(i) Equipements were given to creditors in full settlement of their account.
(ii) Investments were sold at a profit of 20% on its book value.
(iii) Full amount was collected from debtors.
(iv) Stock was taken over by Rishika at 50% discount.
(v) Actual expenses of realisation amounted to ₹ 2,00,000 which were paid by the firm. Prepare Realisation Account.