JUNE 2013 - Paper 3

1:  

Match the items of List-I with the items of List-II and select the correct answer :

List - I                        List - II

(i) SLR                (a) Working in the field of consumer protection.

(ii) SIDBI             (b) Credit control.

(iii) CUTS            (c) Industrial policy.

(iv) ILPIC            (d) Facilitating Small Scale Industries.

A.

Codes:

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

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

B.

Codes:

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

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

C.

Codes:

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

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

D.

Codes:

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

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

 
 

Option: B

Explanation :

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2:  

Given below are two statements, one labeled as Assertion (A) and the other labelled as Reason (R) :

Assertion (A) : Variance analysis is undertaken for planning and control of costs.

Reason (R) : Future costs are taken into consideration in budgeting and standard costing.

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

 

A.

Both (A) and (R) are correct and (R) is the Reason for (A).

B.

Both (A) and (R) are correct and (R) is not the Reason for (A).

C.

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

D.

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

 
 

Option: B

Explanation :

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3:  

If the taxable income of a domestic company for the Assessment Year 2011-12 is 9,00,000, its tax liability will be

A.

Rs 2,76,800

B.

Rs. 2,78,100

C.

Rs. 3,70,800

D.

Rs. 3,70,880

 
 

Option: B

Explanation :

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4:  

Which among the following is not rightly explained?

(i) M1 = Currency with the public + demand deposits of the public.

(ii) M2 = M1 + Post Office Savings Deposits.

(iii) M3 = M1 + Time Deposits of the public with Banks.

(iv) M4 = M3 + Total Post Office Deposits.

(v) M1 = Narrow money

(vi) M3 = Broad money

A.

Only (v) and (vi)

B.

Only (i) and (iii)

C.

Only (vi)

D.

None of the above

 
 

Option: D

Explanation :

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5:  

Match the statements in List-I with the types of lease in the List-II as follows:

List - I

List - II

(i) Private ownership and Free Enterprise.

a. Secondary Market

(ii) Government ownership and Central Authority.

b. Capitalism
 

(iii) The market for the sale and purchase of previously issued securities.

c. Primary Market

(iv)  The market for new long term capital.

d. Socialism 

 

A.

Codes:

I II III IV

2 3 4 1

B.

Codes:

I II III IV

1 4 2 3

C.
D.

Codes:

I II III IV

3 2 1 4

 
 

Option: D

Explanation :

Codes:

I II III IV

4 1 3 2

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