Classical

December 2014 - Paper 3

1:  

Assertion (A) : The financial statements prepared on historical cost basis result into an erosion of capital in the long run.

Reason (R) : Maintaining the books of accounts as per Current Purchasing Power Technique only may contain the inflationary pressure.

In the context of above two statements, which one of the following is correct one?

A.

Both (A) and (R) are true and (R) is the correct explanation of (A).

B.

Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C.

(A) is true, but (R) is false.

D.

(A) is false, but (R) is true.

 
 

Option: C

Explanation :

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2:  

Assertion (A) : Differential pricing structure is designed to accommodate the various categories of buyers.

Reason (R) : It aims at increasing sales and revenues and driving the competitors out from the market.

 

A.

Assertion (A) and Reasoning (R) both are correct.

B.

Assertion (A) is correct, but Reasoning (R) is incorrect.

C.

Assertion (A) is incorrect, but Reasoning (R) is correct.

D.

Assertion (A) and Reasoning (R) both are incorrect.

 
 

Option: A

Explanation :

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3:  

Match the following items of List - I and List - II and select the correct answer from the codes given below:

                 List - I                                             List - II

           (Sections)                                     (Maximum Deduction)

a. Section 80C of I.T. Act                                    i. Rs. 10,000

b. Section 80D of I.T. Act                                   ii. Rs. 40,000

c. Section 80 DDB of I.T. Act                             iii. Rs. 1,00,000

d. Section 80 TTA of I.T. Act                              iv. Rs. 15,000

A.

Codes :

a b c d

iii i iv ii

B.

Codes :

a b c d

!iii iv ii i

C.

Codes :

a b c d

iv iii ii i

D.

Codes :

a b c d

ii iii i iv

 
 

Option: B

Explanation :

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4:  

Under the Cooperative Bank structure, the apex institution is

A.

National Cooperative Bank

B.

State Cooperative Bank

C.

District Cooperative Bank

D.

IDBI Bank

 
 

Option: A

Explanation :

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Mahesh Chandra Sharma said: (11:28am on Thursday 8th January 2015)
There is no National Cooperative Bank in India.Correct answer is B

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5:  

Match the various stock exchanges in List - I with the years of their establishment in List - II as follows and suggest the correct code :

List - I                                                                                 List - II

a. National Stock Exchange (NSE)                              i. 1875

b. MCX Stock Exchange (MCX-SX)                             ii. 1992

c. Bombay Stock Exchange (BSE)                              iii. 2000

d. Interconnected Stock Exchange of India (ISEI)    iv. 2008

A.

Codes:

a b c d

ii iv i iii

B.

Codes:

a b c d

ii iii iv i

C.

Codes:

a b c d

i iii ii iv

D.

Codes:

a b c d

iii ii iv i

 
 

Option: A

Explanation :

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