Explore topic-wise InterviewSolutions in .

This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.

1751.

Why is interest termed as a revenue receipt?

Answer»

Interest is a revenue receipt because it creates neither any liability nor causes a reduction in the assets of the government.

1752.

Why are borrowings a capital receipt?

Answer»

They create a liability (in terms of repayment).

1753.

If the revenue receipts are Rs. 1,000 crore and revenue expenditure is Rs. 1,200 crore, how much will be the revenue deficit?

Answer»

Revenue Deficit = Revenue Expenditure – Revenue Receipts = 1,200 – 1,000 = Rs. 200 crore.

1754.

Which of following transactions increases the balance as per pass book? (a) Bank charges charged by bank. (b) Payment made by bank as per standing instructions of customer. (c) Interest on overdraft charged by bank. (d) Interest on investment collected by bank 

Answer»

(d) Interest on investment collected by bank 

1755.

Purchase of machinery for production: (a) Capital Expenditure. (b) Revenue Expenditure (c) Deferred Revenue Expenditure. (d) None of the above. 

Answer»

(a) Capital Expenditure 

1756.

Classify the Following as Capital Expense and Revenue Expense (i) Repair of building (ii) Construction of cycle shed for workers 

Answer»

(i) Repair of building – Revenue Expense 

(ii) Construction of cycle shed for workers- Capital Expense 

1757.

"Proposed dividends" is shown in the Balance Sheet of a company under the head: a) Provisions b) Reserves and Surplus c) Current Liabilities d) Other Liabilities 

Answer»

a) Provisions

1758.

Which of the following is a liability? a) Loan from Mr.Y b) loan to Mr.y c) Both (a) (b) d) None of these

Answer»

Loan from Mr.Y  is a liability

1759.

The basic function of financial accounting is to a) Record all business transaction b) Interpret financial datac) Assist the management in performing function effectively

Answer»

The basic function of financial accounting is to Interpret financial data

1760.

Accounting does not record non-financial transactions because of: a) Accrual concept b) Cost concept c) Continuity concept d) Money measurement concept 

Answer»

Accounting does not record non-financial transactions because of Money measurement concept

1761.

Statement of financial position produced from incomplete accounting record is commonly known as __________

Answer»

Statement of financial position produced from incomplete accounting record is commonly known as statement of Affairs. 

1762.

Accounting does not record non-financial transactions because of: a) Accrual concept b) Cost concept c) Continuity concept d) Money measurement concept 

Answer»

Accounting does not record non-financial transactions because of Money measurement concept

1763.

Explain any two functions of the Reserve Bank of India.

Answer»

 The major functions of Central Bank are :

(i) Issue of Currency : Currency Authority function means that the central bank has the sole authority to issue currency. It brings uniformity in notes circulation. It also gives power to the central bank to directly control money supply.

(ii) Bankers to the government : A Central Bank is a bank to the government like commercial banks are to the public. It accepts deposits from the government and gives loans to the government in times of need.

(iii) Custodian of foreign exchange reserves : The foreign exchange reserves of every country are under the custody of the central bank of that country. The central bank maintains the foreign exchange reserves so that the international trade of the country does not suffer a setback. (iv) Lender of the last resort : It means that if a commercial bank fails to get financial accommodation from anywhere, it approaches the central bank as the last resort. Central bank advances loan to such a bank against approved securities. By offering loans to the commercial banks in situation of emergency, the central bank ensures that the banking system of the country does not suffer any setback and that the money market remains stable.

1764.

Administrative revenue includes: (a) Fines and penalties (b) Dividends (c) Commercial revenue (d) Loans from abroad

Answer»

(a) Fines and penalties

1765.

What is an indirect tax? How is it different from a direct tax?

Answer»

Indirect Tax : Tax in which burden of tax and responsibility to deposit tax does not lie on the same person. For example, VAT, sales tax, service tax, GST, etc. are indirect taxes.

Direct Tax : Tax in which burden of tax and responsibility to deposit tax lies on the same person. For example, income tax, corporate tax, wealth tax, etc. are direct taxes.

1766.

Interest payable on debentures is _____.(i) An appropriation of profit(ii) A Charge against profit(iii) Transferred to sinking fund.(iv) Treated as miscellaneous expenses to be shown in the balance sheet. 

Answer»

Interest payable on debentures is a Charge against profit.

1767.

The nominal capital is known as

Answer»

The nominal capital is known as authorized capital.

1768.

Interest on drawings is: a) Expenditure for the business b) Cost for the business c) Gain for the business d) None of the above

Answer»

Interest on drawings is Gain for the business

1769.

Goods given as samples should be credited to: a) Advertisement account b) Sales account c) Purchase account d) None of the above

Answer»

(c) Purchase account

1770.

Write the output of the following code :import numpy as nparray1=np.array([10,12,14,16,18,20,22]) array2=np.array([10,12,15,16,12,20,12])a=(np.where(array1==array2))print(array1[a])

Answer»

[10 12 16 20]

1771.

Write a code to plot the speed of a passenger train as shown in the figure given below:

Answer»

import matplotlib.pyplot as plt

import numpy as np

x = np.arange(1, 5)

plt.plot(x, x*1.5, label='Normal')

plt.plot(x, x*3.0, label='Fast')

plt.plot(x, x/3.0, label='Slow')

plt.legend()

plt.show()

1772.

What is series? Explain with the help of an example. 

Answer»

Pandas Series is a one-dimensional labeled array capable of holding data of any type (integer, string, float, python objects, etc.). The axis labels are collectively called index. Example import pandas as pd 

 # simple array 

data =pd.series([1,2,3,4,5])

print data

1773.

Write a Numpy program to create a 3x3 identity matrix, i.e. diagonal elements are 1, the rest are 0. Replace all 0 to random number from 10 to 20

Answer»

import numpy as np

array1=np.identity(3)

print(array1)

x=np.where(array1==0)

for i in x:

array1[x]=np.random.randint(low=10,high=20) 

print(array1)

1774.

Write a Numpy program to create a 3x3 identity matrix, i.e. non diagonal elements are 1, the rest are 0. Replace all 0 to random number from 1 to 10 

Answer»

import numpy as np

Z = np.arange(9).reshape(3,3)

print (Z)

x=np.where((Z%2)==0)

for i in x:

Z[x]=np.random.randint(low=10,high=20)

print(Z) 

1775.

....method in Pandas can be used to change the index of rows and columns of a Series or Dataframe :(i) rename()(ii) reindex()(iii) reframe()(iv) none of the above 

Answer»

Correct option (ii) reindex

1776.

I. Write down any two advantages of Open Source Software over Proprietary software.II. Ms. Sita trying to log into your Internet Banking account for online transaction activity. However, as strange as it may seem, she is denied of an access to the bank‟s website, in spite of having a swift internet connection.What do you think the reason behind this problem is and suggest her few simple precautions in order to overcome any such type of network security threats.

Answer»

I. (i) Source code is available.

(ii) Money need not to be paid for procuring the license for usage and further distribution.

II. She could be under a DoS attack!

She should deploy an antivirus program and firewall into her network if not already done. This helps in restricting the bandwidth usage to authenticated users only.

1777.

Category in time management software computer.

Answer»

Category in time management software are:

1. Putting Out Fires

2. Dealing with Interruptions

3. Doing Planned Tasks

4. Working Uninterrupted

5. Uninterrupted Downtime

1778.

Write a function in C++ to search and display details, whose destination is “Cochin” from binary file “Bus.Dat”. Assuming the binary file is containing the objects of the following class:class BUS{ int Bno; // Bus Numberchar From[20]; // Bus Starting Pointchar To[20]; // Bus Destinationpublic:char * StartFrom ( ); { return From; }char * EndTo( ); { return To; }void input() { cin>>Bno>>; gets(From); get(To); }void show( ) { cout<<Bno<< “:”<<From << “:” <<To<<endl; }};

Answer»

void Read_File( )

{

BUS B;

ifstream Fin;

Fin.open(“Bus.Dat”, ios::binary);

while(Fin.read((char *) &B, sizeof(B)))

{

if(strcmp(B.EndTo(), “Cochin”)==0)

{

B.show( ) ;

}

}

Fin.close( );

}

1779.

Find the output of the following C++ code considering that the binary file PRODUCT.DAT exists on the hard disk with a list of data of 500 products.class PRODUCT{int PCode;char PName[20];public:void Entry();void Disp();};void main(){fstream In;In.open("PRODUCT.DAT",ios::binary|ios::in);PRODUCT P;In.seekg(0,ios::end);cout<<"Total Count: "<<In.tellg()/sizeof(P)<<endl;In.seekg(70*sizeof(P));In.read((char*)&P, sizeof(P));In.read((char*)&P, sizeof(P));cout<<"At Product:"<<In.tellg()/sizeof(P) + 1;In.close();}

Answer»

The output is:

Total Count:500

At Product: 73

1780.

Find the output of the following C++ code considering that the binary file PRODUCT.DAT exists on the hard disk with a list of data of 500 products.class PRODUCT{int PCode;char PName[20];public:void Entry();void Disp();};void main(){ fstream In;In.open("PRODUCT.DAT",ios::binary|ios::in);PRODUCT P;In.seekg(0,ios::end);cout<<"Total Count: "<<In.tellg()/sizeof(P)<<endl;In.seekg(70*sizeof(P));In.read((char*)&P, sizeof(P));In.read((char*)&P, sizeof(P));cout<<"At Product:"<<In.tellg()/sizeof(P) + 1;In.close();}

Answer»

Total Count:500

At Product: 73

1781.

Which physical quantity is denoted by 'R' ?

Answer»

R = Ideal gas constant

R = 8.314 j/mol.K

1782.

Realization account is a 1. Representative Personal Account  2. Artificial Personal Account  3. Real Account  4. Nominal Account

Answer»

Realization account is a Nominal Account.

1783.

 Find the area of the following circles, given that [Use π = 22/7] (a) radius = 14 mm (b) diameter = 49 m (c) radius 5 cm

Answer»

(a) Area of circle = π r 2 

= 22 /7x14 x14 

= 22 x 2 x 14 = 616 mm2

(b) Diameter = 49 m

\ radius = 49/2 = 24.5 m

\ Area of circle = π r 2 

= 22/7 x 24.5 x 24.5 

= 22 x 3.5 x 24.5 

= 1886.5 m2

(c) Area of circle = π r 2  

= 22/7 x 5 x 5 

= 550/7 cm2

1784.

Who wrote the book "The Republic" ?

Answer» Plato wrote the book ''The  Republic''
1785.

Whose famous words are ‘Vini-Vidi-Vici’ ?

Answer» Julius Caesar
1786.

Which is the holy book of Islam ?

Answer» Quran is the holly book of Islam.
1787.

(i) Which is the biggest pyramid in the world?(ii) Who wrote the book "The Republic" ?

Answer»

(i) Giza

(ii) Plato

1788.

Who was called as the Navigator?

Answer»

Prince Henry

1789.

What is 'Flef'?

Answer»

A Manor (land) owned by landlord which was granted by the king.

1790.

Who popularised Buddhism in China?

Answer»

Matanga Kashypa

1791.

Who is the author of "Divine Comedy"

Answer»

The author of "Divine Comedy"Dante.

1792.

Who is called as "The Father of History"?

Answer»

The Father of History Herodotus.

1793.

What is the meaning of the term 'Homo'?

Answer»

The meaning of the term Homo Man.

1794.

Where did the Industrial Revolution begin at first?

Answer»

The Industrial Revolution begin England.

1795.

Complete the following passage by choosing the correct options from those given below.Electronic commerce, it seems, still has (a) ______ limits, even in the Silicon Valley. For all the feverish excitement (b) ______ the tripling of electronic shopping last holiday season, the total money (c) ______ by American consumers online still (d) ______ to only about one percent of its total sales-barely a tenth (e) ______ the revenues from (f) ______ method of distance selling that has been (g) ______ for a century; the catalogue. This may be because electronic shopping (h) ______ on quite a narrow range of goods, mainly books, toys and music. Worse, there (i) ______ many stories of failed and late deliveries. And, more recently, a string of hackers’ attacks (j) ______ temporarily disabled some of the best-known e-commerce websites.(a) (i) their (ii)a (iii) the (iv) its (b) (i) about (ii) of (iii) in (iv) for (c) (i) spend (ii) spending (iii) spent (iv) being spent (d) (i) amount (ii) amounted (iii) amounts (iv) amounting (e) (i) of (ii) for (iii) by (iv) for (f) (i) another (ii) other (iii) some (iv) the other (g) (i) user (ii) used (iii) uses (iv) in use (h) (i) concentrated (ii) is concentrating (iii) was concentrated (iv) had concentrated (i) (i) were (ii) have been (iii) has been (iv) was (j) (i) has (ii) have (iii) having (iv) had

Answer»

(a) (iv) its 

(b) (iv) for 

(c) (iii) spent 

(d) (ii) amounted 

(e) (i) of 

(f) (iv) the other 

(g) (ii) used 

(h) (iv) was concentrated 

(i) (ii) have been 

(j) (i) has

1796.

What is Glasnost ?

Answer»

Glasnost is the policy or practice of more open consultative government and wider dissemination of information.

1797.

Mention any two theories of Origin and Evolution of Earth.

Answer»

The Steady Earth theory and the Pulsating Theory.

1798.

Expand SALT.

Answer»

Strategic Arms Limited Talks [SALT].

1799.

Who was known as the "Father of Renaissance" ?

Answer» Petrarch was known as the "Father of Renaissance".
1800.

How do political parties help in shaping public opinion?

Answer»

In the following ways, political parties help in shaping public opinion:

(1) Political parties help in shaping public opinion as they raise and highlight issues.

(2) Parties have lakhs of members and activists spread all over the country.

(3) Many of the pressure groups are the extensions of political parties among different sections of society.

(4) parties sometimes also launch movements for the resolutions of problems faced by people.