CUET Business Studies Test 1

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CUET Business Studies Test 1

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1. On dissolution of a firm, realisation account is debited with

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

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3. A firm’s value added is equal to :

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

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5. Depreciation means:

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6. Which of the following is a final expenditure?

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

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8. Which of the following is not a problem of Barter system?

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

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

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11. Supply of money refers to quantity of money:

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

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

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

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

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16. The net value at Market Price of final goods and services during an accounting year within the domestic territory of a country is known as

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17. Which of the following is intermediate product?

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18. Domestic income is greater than National Income if

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

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

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21. Why does the Peddler knit up various thoughts?

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22. Who regulates money supply?

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

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

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

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

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27. Which of these is not transfer payment?

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28. When the value of same output is counted more than once while measuring national income it results:

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

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30. On Dissolution, Goodwill Account is transferred to

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31. From where did the Peddler get the material to make rattraps?

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32. What does the rattrap seller resort to, at times, make his both ends meet?

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33. Whom does this story revolve around?

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34. 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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35. Which of these is not an example of leakage?

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

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37. Which of the stat ement is correct?

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

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

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40. Which of these is transfer income?

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