Classical

Advanced Questions - Section 7

36:  

Consider the following steps of process of decision-making and select the correct sequence

(i) Defining the problem.

(ii) Selection of best alternatives and implementation.

(iii) Considering limiting factors.

(iv) Considering alternatives.

A.

(i) (ii) (iii) (iv)

B.

(iii) (i) (iv) (ii)

C.

(i) (iv) (iii) (ii)

D.

(i) (iii) (iv) (ii)

 
 

Option: D

Explanation :

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37:  

Match the following

                List-I                             List-II

(A) Matching Principle          (i) Ignores future profit estimations

(B) Materiality Principle        (ii) Normal basis for valuing assets

(C) Conservatism Principle   (iii) Revenues and expenses of a particular period

(D) Cost Principle                 (iv) Relates to relative size or importance of item or event

A.

Code:

(a) (b) (c) (d)

(i) (iv) (ii) (iii)

B.

Code:

(a) (b) (c) (d)

(ii) (iii) (iv) (i)

C.

Code:

(a) (b) (c) (d)

(iii) (iv) (i) (ii)

D.

Code:

(a) (b) (c) (d)

(iv) (iii) (ii) (i)

 
 

Option: B

Explanation :

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38:  

Which of the following is an efficiency ratio?

A.

Price-Earning Ratio

B.

Debt-Equity Ratio

C.

Acid-Test Ratio

D.

Average collection period

 
 

Option: D

Explanation :

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39:  

Match the following

   Group-I                Group - II

(Products)            (Market Structure)

(A) Food Grain        (i) Monopoly

(B) Air-Lines           (ii) Pure Competition

(C) Railway            (iii) Monopolistic

(D) Cars                  (iv) Oligopoly

A.

Code:

(a) (b) (c) (d)

(i) (ii) (iii) (iv)

B.

Code:

(a) (b) (c) (d)

(ii) (iv) (i) (iii)

C.

Code:

(a) (b) (c) (d)

(iii) (i) (iv) (ii)

D.

Code:

(a) (b) (c) (d)

(iv) (ii) (iii) (i)

 
 

Option: C

Explanation :

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40:  

.............. is a permanent inter-governmental body governing and regulating international trade in goods and services.

A.

G.A.T.T.

B.

EXIM Bank

C.

W.T.O.

D.

I.M.F.

 
 

Option: C

Explanation :

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