121. X and Y are partners sharing profit in the ratio of 1 : 3. A is admitted with ¼ share in profits. What will be the new ratio of X, Y and A?;
(A) 16 : 48 : 22
(B) 1 : 3 : 4
(C) 4 : 9 : 3
(D) 3 : 9 : 4
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122. Trading Account is a ______ account.
(A) Real
(B) Personal
(C) Both real and persona
(D) Nominal
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123. In Garner v/s Murray the deficiency arising from the insolvency of the partner in borne by the other partner in
(A) the ratio of their capitals.
(B) the Profit sharing ratio.
(C) equally.
(D) None of these.
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124. The difference between subscribed capital and called up capital is
(A) Uncalled capital
(B) Paid up capital
(C) Calls in arrear
(D) Calls in advance
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125. Overcapitalisation of the business is indicated by .
(A) High Proprietary ratio
(B) Low Proprietary ratio
(C) Even Proprietary ratio
(D) Debt. Equity ratio
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126. Mark out odd man out :
(A) Training & Development
(B) Placement
(C) Induction
(D) Wage Administration
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127. If standard time for work is 10 Hrs, Actual time taken is 8 Hrs, Rate Per Hours is ₹5. What will be the earnings of employee as per Rowan plan ?
(A) 42
(B) 52
(C) 48
(D) 46
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128. The theory of collective bargaining was given by
(A) Dunlop
(B) Hicks
(C) Keynes
(D) McGregor
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129. Performance appraisal helps to rate the ______ .
(A) Job
(B) Employee
(C) Work
(D) All of these
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130. The concept of insurance involves a transfer of
(A) Liability
(B) Needs
(C) Ownership
(B) Risk
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131. Which was the first Act to regulate life insurance industry in India ?
(A) Insurance Act, 1938
(B) Life Insurance Companies Act, 1912
(C) IRDA Act, 1999
(D) LIC Act, 1956
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132. Which of the following is not considered to be one of the three phases of e-commerce ?
(A) Innovation
(B) Consolidation
(C) Preservation
(D) Reinvention
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133. The solution for all Business needs is
(A) EDI
(B) ERP
(C) SCM
(D) None of these
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134. The cost which is to be incurred even a business unit is closed is
(A) Imputed cost
(B) Shutdown cost
(C) Historical cost
(D) Sunk cost
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135. Contract A/c is a
(A) Nominal A/c
(B) Real A/c
(C) Personal A/c
(D) None of above
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136. Journals are also referred to as
(A) Book of Entries
(B) Book of Original Entries
(C) T. Account
(D) Book of Economic Events
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137. In India GST became effective from
(A) 18 April, 2017
(B) 1st January, 2017
(C)) 1st july, 2017
(D) 1st March, 2017
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138. Market value of the shares are decided by
(A) the respective companies
(B) the investment market
(C) the govt.
(D) the shareholders
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139. Which of the following is an extractive industry ?
(A) Cattle breeding
(B) Forest cultivation
(C) Hunting
(D) Flour mills
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140. Stock Exchange in India are under the control of
(A) SEBI
(B) SEC
(C) RBI
(D) Financial Institution
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Questions number 14 and 15: answer wrong it must be 1 for 14 and -3&4 for 15