CUET Business Studies Test 1

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CUET Business Studies Test 1

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1. Who regulates money supply?

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2. Which of these is transfer income?

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3. Corporation tax is not a component of :

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4. Which of the following is not a component of gross domestic fixed capital formation?

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

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

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

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8. Change in stock will be negative when:

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9. Which of the stat ement is correct?

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

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

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

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

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

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15. A firm’s value added is equal to :

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16. 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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17. Which of the following is not a component of NFIA

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18. Depreciation means:

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19. At the time of dissolution of firm, “Loan of partners” (Loans given by partners to the firm) is paid out of the amount realised on sale of assets :

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20. On Dissolution, Goodwill Account is transferred to

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

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22. Which of the following is leakages?

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23. 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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24. Why does the Peddler knit up various thoughts?

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25. Which of the following is a flow concept?

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26. Which of these is not transfer payment?

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

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28. 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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29. Which of the following is intermediate product?

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

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31. GDPfc = GDPmp + ………………….

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32. 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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33. 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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34. In the event of dissolution of a partnership firm, the provision for doubtful debts is transferred to

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35. Money supply includes:

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

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

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

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

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

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