61. What is the maximum amount of gratuity payable to the employees under the Payment of Gratuity Act, 1972 ?
(a) ₹ 5,00,000
(b) ₹ 10,00,000
(c) ₹ 15,00,000
(d) ₹ 20,00,000

62. What is the maximum number of hours in a week that an adult worker is allowed to work for?
(a) 35 hours
(b) 40 hours
(c) 45 hours
(d) 48 hours

63. What is the maximum period in which the appropriate government shall review and revise the minimum rates of wages under the Minimum Wages Act, 1948 ?
(a) 2 years
(b) 3 years
(c) 4 years
(d) 5 years

64. Under Sukanya Samriddhi Yojana, what is the maximum amount that can be deposited during a financial year ?
(a) ₹ 1.5 lakh
(b) ₹ 1 lakh
(c) ₹ 2 lakh
(d) ₹ 2.5 lakh

65. What is the minimum and maximum age at which a subscriber can join the Atal Pension Yojana ?
(a) 21 years and 58 years respectively
(b) 18 years and 40 years respectively
(c) 18 years and 50 years respectively
(d) 21 years and 60 years respectively

66. Which one of the following denotes Gross Profit?
(a) Cost of goods sold + Opening stock
(b) Sales less Cost of goods sold
(c) Sales less Purchases
(d) Net profit less Expenses of the period

67. What is the underlying accounting concept that supports no anticipation of profits but provision for all possible losses ?
(a) Matching
(b) Materiality
(c) Consistency
(d) Conservatism

68. Which one of the following accounting concepts is applied by an entity, when events such as new competitor entering in the market and rift between production and marketing departments are not disclosed in the books of accounts ?
(a) Matching
(b) Money Measurement
(c) Revenue Recognition
(d) Cost

69. Which one of the following concerns prepares Receipts and Payments Account ?
(a) Trading concerns
(b) Non-trading concerns
(c) Manufacturing concerns
(d) Companies registered under Companies Act

70. Which one of the following statements is correct about Income and Expenditure Account?
(a) It is a Real Account.
(b) It is a Personal Account.
(c) It is a Nominal Account.
(d) It is a Representative Personal Account.

71. Who among the following is the author of the book ‘The Little Book of Encouragement’?
(a) Dalai Lama
(b) A.P.J. Abdul Kalam
(c) Ravi Shankar
(d) Jagadish Vasudev

72. Which day has been declared by the Government of India to be celebrated every year as “Parakram Diwas”?
(a) 23 January
(b) 14 April
(c) 28 May
(d) 25 December

73. A copy of the famous 16th century art work ‘Salvator Mundi’, which was reportedly stolen, has recently been recovered by the Police in Italy. The painting is attributed to whom among the following ?
(a) Vincent van Gogh
(b) Pablo Picasso
(c) Michelangelo
(d) Leonardo da Vinci

74. The Global Firepower Index-2021, a military strength ranking, placed India at which rank?
(a) 2nd
(b) 3rd
(c) 4th
(d) 5th

75. Naomi Osaka won the women’s singles title of the Australian Open Tennis Tournament, 2021. Who among the following was defeated by her in the finals ?
(a) Venus Williams
(b) Jennifer Brady
(c) Serena Williams
(d) Simona Halep

76. The average age of a husband and his wife was 23 years when they were married 5 years ago. The average age of the husband, the wife and their child is 20 years now. How old is the child now?
(a) 9 months
(b) 1 year
(c) 3 years
(d) 4 years

77. If W1 and W2 are weights of two solid iron balls of radii ½ metre and ⅓ metre respectively, then which one of the following is equal to W1 :W2?
(a) 8 : 27
(b) 27 : 8
(c) 4 : 16
(d) 16 : 4

78. 40% of the students in a class are from India and 50% are girls. If 25% of the Indian students are girls, what percentage of non-Indian students are boys ?
(a) 33.33%
(b) 40%
(c) 25%
(d) 20%

79. The average weight of 100 students in a class is 46 kg. The average weights of boys and girls are 50 kg and 40 kg respectively. What is the difference between the number of boys and girls ?
(a) 30
(b) 25
(c) 20
(d) 10

80. A hollow closed cube of side 10 cm, each weighing 200 gm, is made. This cube is placed in water with a horizontal face. How many cm of its height sinks in water if the density of water is 1 gm per cm3 ?
(a) 1 cm
(b) 1.5 cm
(c) 2 cm
(d) 2.5 cm