Question :

A sports club, incurred tournament. Expenses of Rs.2,10,000 whereas it has only Rs.1,80,000 in its Tournament Fund A/c. This information will be reflected as:

Option 1:

Debit Income and Expenditure A/c by Rs.30,000

Option 2:

Credit Income and Expenditure A/c by Rs.30,000

Option 3:

Rs.30,000 Tournament Fund on the asset side of

Balance Sheet

Option 4: Rs.30,000 Tournament Fund on the liabilities side of Balance Sheet

Question :

Complete the following sentence:

Most people in India waste time _______ others; they find it hard to face their targets and thus speak ill about them in privacy.

Option 1:

disparage

Option 2: elude

Option 3:

maroon

Option 4:

resplendent

Option 5:

exalt

Question :

Complete the following sentence:

Most people in India waste time _______ others; they find it hard to face their targets and thus speak ill about them in privacy.

Option 1:

disparage

Option 2: elude

Option 3:

maroon

Option 4:

resplendent

Option 5:

exalt

Question :

Summarize the following paragraph:

It is imperative that all students pay attention to their studies. In addition to this, it is equally significant that students are not limited to the knowledge they acquire from books. They must actively pitch in sports activities of their schools. This may not hold true in cases of all students as some are not good at sports but excellent at acting or singing. It is about students identifying their strengths and opening new windows for themselves.

Option 1: None of these

Option 2:

Students must be able to chose the right field

Option 3:

Students must be developed such that they have multifarious vocation-options

Option 4:

Students must realize their area of expertise

Option 5:

Students must know their strengths

Question :

Correct the following sentence if it is incorrect

The students were utterly disgruntled and the management was equally oblivious about the opprobrium to be generated among students.

Option 1: utterly disgruntled and the management was equally oblivious to the opprobrium to be generated between students

Option 2:

utterly disgruntled and the management was equally oblivious on the opprobrium to be generated among students

Option 3:

utterly disgruntled and the management was equally oblivious of the opprobrium to be generated among students

Option 4:

utterly disgruntled and the management was equally oblivious around the opprobrium to be generated among students

Option 5:

utterly disgruntled and the management was equally oblivious about the opprobrium to be generated among students

Question :

The club sold all its furniture of book value Rs.9,000 for Rs.4,500. It purchased new furniture of Rs.20,000 in the mid year. Depreciation charged @ 10%. This information will be shown as under:

Option 1: Loss on sale of furniture Rs.4,500 and depreciation Rs.2.000 debited to Income and Expenditure A/c

Option 2: Loss on sale of furniture Rs.2,000 and depreciation Rs.4,500 credited to Income and Expenditure A/c

Option 3: Balance Sheet as furniture at Rs.13,500

Option 4: None of these