Classical

Advanced Questions - Section 7

36:  

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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37:  

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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38:  

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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39:  

.............. 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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40:  

Match the following

                Group -I                               Group - II

(A) Simple Random Sampling      (i) Hetrogenous

(B) Stratified Random Sampling  (ii) Homogenous

(C) Cluster Sampling                   (iii) Chronological list of units

(D) Systematic Sampling             (iv) Forest Tree type units

A.

Code:

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

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

B.

Code:

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

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

C.

Code:

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

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

D.

Code:

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

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

 
 

Option: D

Explanation :

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