Question : The interest on Partner's Capital Accounts is to be credited to

Option 1: Profit and Loss A/c

Option 2: Interest A/c

Option 3: Partner's Capital A/c

Option 4: None of these

Question : When studying medieval travel accounts, it is important to consider the: 

Option 1: Traveler's favorite color  

Option 2: Type of transportation used 

Option 3: Historical and cultural context 

Option 4: Weather conditions during the journey  

Question : Chain and Harsha were partners in a firm sharing profits in the ratio of 3: 2. On 1-4-2014 their Balance Sheet was as follows :

On the above date Vaishali was admitted for 1/4 th share in the profits of the firm on the following terms :
(a) Vaishali will bring Rs.20,000 for her capital and Rs.4,000 for her share of goodwill premium.
(b) All debtors were considered good.
(c) The market value of investments was Rs. 15,000.
(d) There was a liability of Rs.6,000 for workmen compensation.
(e) Capital accounts of Charu and Harsha are to be adjusted on the basis of Vaishali's capital by opening current accounts.
Question:
Amount distributed amongst the old partners In respect of workmen's compensation fund will be

Option 1: Crediting old partners capital Account with Rs 2,000 and Rs 1,000

Option 2: crediting the old partner's capital account with Rs 1,800 and Rs 1,200

Option 3: debiting old partner's capital account with Rs 1,800 and Rs 1,200

Option 4: None of the above

Question : How did Indian accounts of the Revolt of 1857 contribute to the nationalistic narrative in India?

Option 1: By glorifying British rule

Option 2: By highlighting the unity among Indians

Option 3: By emphasizing the economic benefits of the revolt

Option 4: By downplaying the violence

Question : Which authority recommends the principles governing the grants in -aid of revenues of  the states out of the consolidated fund of india?

Option 1: public accounts committee

Option 2: union ministry of finance

Option 3: Finance Commission 

Option 4: inter-state council

Question : How did British accounts of the Revolt of 1857 differ from Indian accounts?

Option 1: British accounts focused on the economic causes, while Indian accounts emphasized religious factors

Option 2: British accounts portrayed the revolt as a mutiny, while Indian accounts viewed it as a war of independence

Option 3: British accounts highlighted the role of women, while Indian accounts ignored it

Option 4: British accounts were written in English, while Indian accounts were in regional languages

Question : India accounts for what per cent of the total geographical area of the world?

Option 1: 3.2 per cent

Option 2: 5.2 per cent

Option 3: 4.8 per cent

Option 4: 2.4 per cent

Question : Hari, Mohan and Sohna were partners sharing profit and losses in the ratio of 2:2:1. They decided to share future profit in the ratio of 7:5:3 with effect from 1st April 2021. Their balance sheet as on that date showed a balance of Rs 45,000 in an advertisement suspense account. The amount to be debited respectively to the capital accounts of Hari, Mohan and Sohna for writing off the amount of advertisement suspense account will be.

Option 1: Rs 18,000, Rs 18,000 and Rs 9,000

Option 2: Rs 15,000, Rs 15,000 and Rs 15,000

Option 3: Rs 21,000, Rs 15,000 and Rs 9,000

Option 4: Rs 22,500 and Rs 22,500 and Nil.

Question : Comprehension:

Read the passage carefully and answer the questions that follow.

India's favourable demographic trends, which have increased the workforce's percentage of the overall population, have paved the way for a significant middle-class expansion. A big population bulge emerging from absolute poverty and set to reach the middle class would generate new dynamics. In India, over 55 per cent of the population is predicted to reach the middle class. In reality, because India's demographics are significantly younger than China and the United States, the country's middle class might be the world's largest (in terms of population) by 2025.

It is no exaggeration to argue that future growth will be reliant on the increasing middle class and that the middle class's development will be reliant on growth. Growth has been fuelled by both private consumption and saving, both of which are fuelled by the middle class. India's private consumption accounts for over 60% of the country's GDP, while private consumption growth has contributed to 70% of the country's growth since 2000.

Despite the fact that China's middle class is now greater than India's, private spending in the former accounts for a lesser share of growth. In contrast to the United States, where domestic savings are dropping and the country borrows excess funds from outside to invest and expand, India's domestic savings and investments are increasing and funding investments. The emergence of the middle class is anticipated to coincide with a transition away from large-scale informality, which now characterises much of the services and industrial sectors, and toward more formal, wage-earning, and medium-scale firms. Technological advancements will spread at a faster rate. Cities will expand as job possibilities concentrate on them. If there is enough movement across states and from rural to urban regions, the population increase will be more evenly distributed.

Question:

Select the most appropriate ANTONYM of the given word.

Coincide

Option 1: Differ

Option 2: Agree

Option 3: Confuse

Option 4: Detest