December 2012 - Paper 3

71:  

The Comparative Cost Advantage Theory was given by

A.

David Ricardo

B.

Adam Smith

C.

Raymond Vernon

D.

Michael E. Porter

 
 

Option: A

Explanation :

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72:  

Assertion (A) : Use of paper money is replaced by plastic money. The future will see the electronic money clearance through satellite networking.

Reason (R) : RBI is encouraging e-banking.

A.

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

B.

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

C.

Both (A) and (R) are false.

D.

Both (A) and (R) are true.

 
 

Option: D

Explanation :

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73:  

Receipts and Payments Account is prepared by

A.

Manufacturing concerns

B.

Non-Trading concerns

C.

Trading concerns

D.

Companies registered under Companies Act, 1956

 
 

Option: B

Explanation :

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74:  

Minimum Alternative Tax (MAT) under Sec. 115 JB of the Income Tax Act is applicable on

A.

Partnership firm

B.

Association of persons

C.

Certain companies

D.

All types of companies

 
 

Option: C

Explanation :

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75:  

Match the items of List - I with items of List - II.

                                                         List - I                                                                                                        List - II

a. The silent mental repetition of information.                                                                                         1. Encoding

b. The process by which we select a word or visual image to represent a perceived object.          2. Rehearsal

c. Where information is kept temporarily before further processing.                                                   3. Working Memory

d. The stage of real memory in which information is processed and held for just a brief period.  4. Storehouse

A.

Codes:

a b c d

2 1 4 3

B.

Codes:

a b c d

1 2 3 4

C.

Codes:

a b c d

3 2 1 4

D.

Codes:

a b c d

4 3 2 1

 
 

Option: A

Explanation :

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