CUET Business Studies Test 1

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CUET Business Studies Test 1

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

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2. Corporation tax is not a component of :

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3. A firm’s value added is equal to :

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4. Which of these is not an example of leakage?

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5. Depreciation means:

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

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

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

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9. Which of the stat ement is correct?

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

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

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

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13. On Dissolution, Goodwill Account is transferred to

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

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15. GDPfc = GDPmp + ………………….

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

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

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18. Which of these is transfer income?

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19. Which of the following is a flow concept?

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

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21. Find out factor payment from the following:

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

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

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24. 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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25. Who regulates money supply?

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

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

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

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30. Which of the following is a final expenditure?

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

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32. Domestic income is greater than National Income if

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33. Which of these is not transfer payment?

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34. 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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35. 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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36. On dissolution of a partnership firm, profit or loss on realisation is distributed among the partners

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37. Supply of money refers to quantity of money:

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

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

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

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