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751.

Given below is the Balance Sheet of A and B , who are carrying on partnership business on 31st March, 2018. A and B share profits and losses in the ratio of 2 : 1. BALANCE SHEET OF A AND B as at 31st March, 2018 Liabilities ₹ Assets ₹ Bills Payable 10,000 Cash in Hand 10,000 Creditors 58,000 Cash at Bank 40,000 Outstanding Expenses 2,000 Sundry Debtors 60,000 Capital A/cs: Stock 40,000 A 1,80,000 Plant 1,00,000 B 1,50,000 3,30,000 Building 1,50,000 4,00,000 4,00,000 C is admitted as a partner on the date of the Balance Sheet on the following terms:(a) C will bring in ₹ 1,00,000 as his capital and ₹ 60,000 as his share of goodwill for 1/4th share in the profits .(b) Plant is to be appreciated to ₹ 1,20,000 and the value of building is to be appreciated by 10%.(c) Stock is found overvalued by ₹ 4,000.(d) A Provision for doubtful debts is to be created at 5% of Sundry Debtors.(e) Creditors were unrecorded to the extent of ₹ 1,000.Pass the necessary journal entries , prepare the Revaluation Account and Partners' Capital Accounts, and show the Balance Sheet after the admission of C.

Answer» Given below is the Balance Sheet of A and B , who are carrying on partnership business on 31st March, 2018. A and B share profits and losses in the ratio of 2 : 1.






























































BALANCE SHEET OF A AND B

as at 31st March, 2018

Liabilities







Assets





Bills Payable



10,000



Cash in Hand



10,000



Creditors



58,000



Cash at Bank



40,000



Outstanding Expenses



2,000


Sundry Debtors 60,000

Capital A/cs:


Stock 40,000
A

1,80,000


Plant 1,00,000
B

1,50,000



3,30,000


Building 1,50,000

4,00,000



4,00,000





C is admitted as a partner on the date of the Balance Sheet on the following terms:

(a) C will bring in ₹ 1,00,000 as his capital and ₹ 60,000 as his share of goodwill for 1/4th share in the profits .

(b) Plant is to be appreciated to ₹ 1,20,000 and the value of building is to be appreciated by 10%.

(c) Stock is found overvalued by ₹ 4,000.

(d) A Provision for doubtful debts is to be created at 5% of Sundry Debtors.

(e) Creditors were unrecorded to the extent of ₹ 1,000.

Pass the necessary journal entries , prepare the Revaluation Account and Partners' Capital Accounts, and show the Balance Sheet after the admission of C.
752.

Money is the most liquid form of assets because

Answer»

Money is the most liquid form of assets because


753.

APC and MPC are two parameters. Which of these parameters can be greater than one, and when?

Answer»

APC and MPC are two parameters. Which of these parameters can be greater than one, and when?

754.

Are the concepts of demand for domestic goods and domestic demand for goods the same?

Answer»

Are the concepts of demand for domestic goods and domestic demand for goods the same?

755.

Explain how the gross domestic product has its limitations as a measure of economic welfare.

Answer»

Explain how the gross domestic product has its limitations as a measure of economic welfare.

756.

Find the principalvalue of

Answer»

Find the principal
value
of

757.

How is the government expenditure on education expressed? Which in your opinion is a better measure?

Answer»

How is the government expenditure on education expressed? Which in your opinion is a better measure?

758.

Majority of the people are absorbed during the

Answer»

Majority of the people are absorbed during the


759.

Which of the following is separated as slag during extraction of Fe in blast furnace? 1.Si02 2.Cao

Answer» Which of the following is separated as slag during extraction of Fe in blast furnace? 1.Si02 2.Cao
760.

Which of the following is not part of fiscal policy?

Answer»

Which of the following is not part of fiscal policy?


761.

How are poverty and child labour related to each other ?

Answer»

How are poverty and child labour related to each other ?

762.

Which one of the following formulae correctly represents the relationship between population density and the processes that influence it?

Answer»

Which one of the following formulae correctly represents the relationship between population density and the processes that influence it?

763.

2.Find equivalent capacitance between A and B

Answer» 2.Find equivalent capacitance between A and B
764.

Explain 'non-monetary exchanges' as a limitation of using gross domestic product as an index of welfare of a country.

Answer»

Explain 'non-monetary exchanges' as a limitation of using gross domestic product as an index of welfare of a country.

765.

Why the IP of B is greater then Tl

Answer» Why the IP of B is greater then Tl
766.

Mention some of the recent agreements between India and Pakistan. Can we be sure that the two countries are well on their way to a friendly relationship?

Answer» Mention some of the recent agreements between India and Pakistan. Can we be sure that the two countries are well on their way to a friendly relationship?
767.

One litre mixture of CO and CO2 becomes 1.5 litre when passed ovet red hot charcoal. The % composition of mixture (A) CO =60% ,CO2= 40% (B) CO = 40%,CO2= 60% (C) CO=50% ,CO2 =50% (D) CO=70% ,CO2= 30%

Answer» One litre mixture of CO and CO2 becomes 1.5 litre when passed ovet red hot charcoal. The % composition of mixture (A) CO =60% ,CO2= 40% (B) CO = 40%,CO2= 60% (C) CO=50% ,CO2 =50% (D) CO=70% ,CO2= 30%
768.

Human Population Grows Up

Answer»

Human Population Grows Up
769.

Which one of the following gases is not included in the category 'greenhouse gases'?

Answer»

Which one of the following gases is not included in the category 'greenhouse gases'?


770.

What is currency?

Answer»

What is currency?

771.

The two main blocks of an economy are:

Answer»

The two main blocks of an economy are:


772.

Narrow money comprises of:

Answer»

Narrow money comprises of:


773.

(0.3555 x 0.5555 x 2.025)÷(0.225x1.7775x0 2222) iS equal to:A) 5.4B) 4.58 C) 4.5 D) 5.45[Note: need the process to solve it faster without calculator]

Answer» (0.3555 x 0.5555 x 2.025)÷(0.225x1.7775x0 2222) iS equal to:
A) 5.4
B) 4.58
C) 4.5
D) 5.45
[Note: need the process to solve it faster without calculator]
774.

(क) प्राचीन समय में विदेशों में भारतीय संस्कृति के प्रभाव के दो उदाहरण बताइए। (ख) वर्तमान समय में विदेशों में भारतीय संस्कृति के कौन-कौन से प्रभाव देखे जा सकते हैं? अपने साथियों के साथ मिलकर एक सूची बनाइए। (संकेत - खान-पान, पहनावा, फिल्में, हिंदी, कंप्यूटर, टेलीमार्केटिंग आदि।)

Answer»

() प्राचीन समय में विदेशों में भारतीय संस्कृति के प्रभाव के दो उदाहरण बताइए।


() वर्तमान समय में विदेशों में भारतीय संस्कृति के कौन-कौन से प्रभाव देखे जा सकते हैं? अपने साथियों के साथ मिलकर एक सूची बनाइए।


(संकेत - खान-पान, पहनावा, फिल्में, हिंदी, कंप्यूटर, टेलीमार्केटिंग आदि।)

775.

Do you think regional inequality exists even in health infrastructure in India? Give reasons for your answer.

Answer»

Do you think regional inequality exists even in health infrastructure in India? Give reasons for your answer.

776.

If n is even, then nCr is maximum when ____________.

Answer» If n is even, then nCr is maximum when ____________.
777.

Government had allocated 42 crores for the upliftment of Pahadi Korwas, a tribal community. Under this project, a road was developed in the Kach Ketha village costing Rs.17.44 lakhs. However, the officials failed to notice that there was only one Korwa family in that village and they were suffering from acute water shortage. Also, these funds were grossly misappropriated as only 'Lal Mitti' was put over a Kutcha road. As Ramdas says, "Instead of spending Rs.17.44 lakhs of that road, if they had spent a few thousands on improving the damaged well on my land, wouldn't that have been better?" (i) What according to you would have truly benefitted Ramdas Korwa— developing the road or improving the well? (ii) Rs.17.44 lakhs were spent on developing the road. Is this cost justified? (iii) What values do you find disturbing in the above case?

Answer»

Government had allocated 42 crores for the upliftment of Pahadi Korwas, a tribal community. Under this project, a road was developed in the Kach Ketha village costing Rs.17.44 lakhs. However, the officials failed to notice that there was only one Korwa family in that village and they were suffering from acute water shortage. Also, these funds were grossly misappropriated as only 'Lal Mitti' was put over a Kutcha road. As Ramdas says, "Instead of spending Rs.17.44 lakhs of that road, if they had spent a few thousands on improving the damaged well on my land, wouldn't that have been better?"

(i) What according to you would have truly benefitted Ramdas Korwa— developing the road or improving the well?

(ii) Rs.17.44 lakhs were spent on developing the road. Is this cost justified?

(iii) What values do you find disturbing in the above case?

778.

Bandhan Financial Services, a Micro Financial Institution (MFI), on 23 August 2015 started operations as a Scheduled Commercial Bank (SCB). Henceforth it will be called as Bandhan Bank. Consider the following statements: Which of the above statement(s) is/are incorrect?

Answer»

Bandhan Financial Services, a Micro Financial Institution (MFI), on 23 August 2015 started operations as a Scheduled Commercial Bank (SCB). Henceforth it will be called as Bandhan Bank. Consider the following statements:

Which of the above statement(s) is/are incorrect?


779.

How did the episode change the plight of the peasants?

Answer»

How did the episode change the plight of the peasants?

780.

The ability of money to be moved easily is called:

Answer»

The ability of money to be moved easily is called:


781.

Explain the major activities involved in the physical distribution of goods.

Answer»

Explain the major activities involved in the physical distribution of goods.

782.

How has technology contributed to globalisation?

Answer»

How has technology contributed to globalisation?

783.

Q48) Union Minister of Consumer Affairs, Food and Public Distribution launched the Surakshit Khadya Abhiyan, 1) It is a countrywide campaign, to create mass awareness among farmers for using appropriate quantity of fertilizers. 2) The initiative complements the widely popular multi-media campaign Jago Grahak Jago which empowers the consumers of its rights and demands Which of the statement(s) given above is/are correct?

Answer»

Q48) Union Minister of Consumer Affairs, Food and Public Distribution launched the Surakshit Khadya Abhiyan,

1) It is a countrywide campaign, to create mass awareness among farmers for using appropriate quantity of fertilizers.

2) The initiative complements the widely popular multi-media campaign Jago Grahak Jago which empowers the consumers of its rights and demands

Which of the statement(s) given above is/are correct?


784.

Calculate gross domestic product at factor cost and factor income to abroad: (1) Compensation of employees800(2) Profits200(3) Dividends50(4) GNP at MP1400(5) Rent150(6) Interest100(7) Gross domestic capital formation300(8) Net fixed capital formation200(9) Change in stock50(10) Factor income from abroad60(11) NIT120 OR Which of the following will be included in national income? (a) Production of services for self-consumption (b) Vegetables grown in the kitchen garden (c) Imputed value of owner-occupied house (d) Stock of raw material left last year

Answer»

Calculate gross domestic product at factor cost and factor income to abroad:

(1) Compensation of employees800(2) Profits200(3) Dividends50(4) GNP at MP1400(5) Rent150(6) Interest100(7) Gross domestic capital formation300(8) Net fixed capital formation200(9) Change in stock50(10) Factor income from abroad60(11) NIT120

OR

Which of the following will be included in national income?


(a) Production of services for self-consumption

(b) Vegetables grown in the kitchen garden

(c) Imputed value of owner-occupied house

(d) Stock of raw material left last year

785.

Prove that

Answer»

Prove that

786.

The main scale of a vernier callipers has n division/cm. n division of the vernier scale coincide with (n-1) division of main scale. The least count of the vernier callipers is

Answer» The main scale of a vernier callipers has n division/cm. n division of the vernier scale coincide with (n-1) division of main scale. The least count of the vernier callipers is
787.

The practice of restricting trade of an economy with other economies in order to allow domestic industries to flourish is called ___.

Answer»

The practice of restricting trade of an economy with other economies in order to allow domestic industries to flourish is called ___.

788.

Recently ‘Credit Imperialism’ is being used by countries as a tool to assert influence on economically weaker countries. In this context, What do you understand by Credit Imperialism and how India can secure its strategic interest especially in Asia?

Answer» Recently ‘Credit Imperialism’ is being used by countries as a tool to assert influence on economically weaker countries. In this context, What do you understand by Credit Imperialism and how India can secure its strategic interest especially in Asia?
789.

Explain Gini co-efficient.

Answer»

Explain Gini co-efficient.

790.

Mention any three features that distinguish the Soviet economy from that of a capitalist country like the US.

Answer» Mention any three features that distinguish the Soviet economy from that of a capitalist country like the US.
791.

Outsourcing(a) Restricts only to the contracting out of Information Technology Enabled Services (ITES)(b) Restricts only to the contracting out of non-core business processes(c) Includes contracting out of manufacturing and R&D as well as service processes-both core and non-core-but restricts only to domestic territory(d) Includes off-shoring

Answer» Outsourcing

(a) Restricts only to the contracting out of Information Technology Enabled Services (ITES)



(b) Restricts only to the contracting out of non-core business processes



(c) Includes contracting out of manufacturing and R&D as well as service processes-both core and non-core-but restricts only to domestic territory



(d) Includes off-shoring

792.

State the main arguments in the debate that ensued between industrialisation and agricultural development at the time of the second Five Year Plan.

Answer» State the main arguments in the debate that ensued between industrialisation and agricultural development at the time of the second Five Year Plan.
793.

Government borrowings from the Reserve Bank of India are listed as:

Answer»

Government borrowings from the Reserve Bank of India are listed as:


794.

What is high-powered money?

Answer»

What is high-powered money?

795.

Does non-plan expenditure contribute to social welfare?

Answer»

Does non-plan expenditure contribute to social welfare?

796.

Arrange the following in chronological order.a. China’s accession to WTOb. Establishment of the EECc. Establishment of the EUd. Birth of ARF

Answer» Arrange the following in chronological order.



a. China’s accession to WTO

b. Establishment of the EEC

c. Establishment of the EU

d. Birth of ARF
797.

'हँसी की चोट' सवैये की अंतिम पंक्ति में यमक और अनुप्रास का प्रयोग करके कवि क्या मर्म अभिव्यंजित करना चाहता है?

Answer»

'हँसी की चोट' सवैये की अंतिम पंक्ति में यमक और अनुप्रास का प्रयोग करके कवि क्या मर्म अभिव्यंजित करना चाहता है?

798.

Suppose C= 100 + 0.75Y D, I = 500, G = 750, taxes are 20per cent of income, X = 150, M = 100 + 0.2Y.Calculate equilibrium income, the budget deficit or surplus and thetrade deficit or surplus.

Answer»

Suppose C
= 100 + 0.75Y D, I = 500, G = 750, taxes are 20
per cent of income, X = 150, M = 100 + 0.2Y.
Calculate equilibrium income, the budget deficit or surplus and the
trade deficit or surplus.

799.

If balance of trade is (-) Rs 600 crore and the value of exports is Rs 500 crore, then the value of imports will be:

Answer»

If balance of trade is (-) Rs 600 crore and the value of exports is Rs 500 crore, then the value of imports will be:


800.

Explain the various segments of the NSE.

Answer»

Explain the various segments of the NSE.