CUET Business Studies Test 1

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CUET Business Studies Test 1

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1. Change in stock will be negative when:

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

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3. Which of the following is leakages?

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

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

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

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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. Why does the Peddler knit up various thoughts?

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9. Domestic income is greater than National Income if

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10. GDPfc = GDPmp + ………………….

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

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13. Depreciation means:

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

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

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

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

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19. A person of an institution who normally resides in a country and whose economic interest lies in that country is known as:

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

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22. Which of the stat ement is correct?

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23. Supply of money refers to quantity of money:

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24. The Drawbacks of Barter system:

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

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26. Which of these is transfer income?

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27. Which of the following is a final expenditure?

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28. 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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29. Find out factor payment from the following:

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

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

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

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

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

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35. On Dissolution, Goodwill Account is transferred to

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

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

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38. Corporation tax is not a component of :

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

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40. Which of these is not transfer payment?

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