CUET Business Studies Test 1

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CUET Business Studies Test 1

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1. At the time of dissolution of firm, at what stage the balance of Partner’s Capital Account are paid?

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2. Supply of money refers to quantity of money:

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3. On dissolution of a partnership firm, profit or loss on realisation is distributed among the partners

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4. Court can make an order to dissolve the firm when :

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5. On Dissolution, if a partner pays firm’s liability which of the following account is debited?

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6. The Drawbacks of Barter system:

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7. Which of the following is transferred to Realisation A/c?

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8. Which of these is transfer income?

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9. On dissolution of a firm, out of the proceeds received from the sale of assets will be paid first of all

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10. Which of the following is not the mode of dissolution of the firm?

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11. Which item from the following will be included in national income?

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12. Which of the following is leakages?

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13. At the time of dissolution of partnership firm, Deferred Revenue Expenditure is transferred to

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14. Corporation tax is not a component of :

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15. In the event of dissolution of a partnership firm, the provision for doubtful debts is transferred to

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16. On firm’s Dissolution, Patents realised at ₹ 50,000. State which account will be credited.

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17. Whom does this story revolve around?

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18. Which of the following is not a component of NFIA

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19. Money supply includes:

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20. Who regulates money supply?

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21. Old age pension given by Government of India comes under:

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22. On firm’s dissolution, which one of the following account should be prepared at the last?

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23. In which condition a partnership firm is deemed to be dissolved?

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24. While estimating national income, depreciation is measured from:

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25. Which of the following is not a normal resident of a country?

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26. Which of the following is a flow concept?

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27. Which of these is not a component of operating surplus?

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28. At the time of dissolution of firm, at which stage the balance of partner’s capital accounts is paid?

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29. Unrecorded liability, when paid on dissolution of a firm is debited to :

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30. If the money value of final goods and services produced by normal residents of a country in a year, measured at the prices of the current year then it is called as:

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31. At the time of Dissolution, a Partner gives his personal assets to firm’s creditor in settlement, the account credited will be

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32. At the time of dissolution of firm, loan given by partner to the firm is paid out of the amount realised on sale of assets

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33. Change in stock will be negative when:

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34. Amount received from sale of unrecorded asset at the time of dissolution of the firm is credited to

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35. Which of the following is included in national income?

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36. Medicine supply to the Earthquake victim in India by British Government is :

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37. Which of the following is not in intermediate goods for a farmer?

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38. Why does the Peddler knit up various thoughts?

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39. Which of the following is also known as domestic factor income?

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40. In the absence of partnership deed, interest on capital is allowed at the rate of:

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