December 2012 - Paper 3

51:  

Assertion (A) : Indent may be open or closed. Open indent does not specify the price and other details of the goods. The closed indent specifies the brand, price, number, packing, shipping mode, insurance, etc.

Reason (R) : This is required as a part of export procedures.

 

A.

Both (A) and (R) are correct.

B.

Both (A) and (R) are not correct.

C.

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

D.

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

 
 

Option: C

Explanation :

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52:  

Interest on capital paid by a firm to its partners, under the Income Tax Act, 1961, is allowed

A.

6%

B.

12%

C.

15%

D.

18%

 
 

Option: B

Explanation :

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53:  

The Securities and Exchange Board of India was not entrusted with the function of

A.

Investor Protection.

B.

Ensuring Fair practices by companies.

C.

Promotion of efficient services by brokers.

D.

Improving the earnings of equity holders.

 
 

Option: D

Explanation :

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54:  

If the value of co-efficient of determination is 0.64, what is the value of coefficient of correlation?

A.

0.40

B.

0.80

C.

0.08

D.

0.04

 
 

Option: B

Explanation :

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55:  

Assertion (A) : High customer expectations lead to dissatisfaction as product performance never matches them.

Reason (R) : Product performance is always customer specific.

 

A.

Both (A) and (R) are correct.

B.

Both (A) and (R) are incorrect.

C.

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

D.

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

 
 

Option: B

Explanation :

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