Explore topic-wise InterviewSolutions in Current Affairs.

(a) Statement and Reason are correct.

(a) (i) and (ii)

Horses were used for trading, ceremonial purposes and also to fight wars.

(a) Kadunkon

1. The Urai 

2. Kun pandian 

3. Rajasimha 

4. Kooda

(b) Sundarapandyan

(a) R is the correct explanation of A

(d) Uttiramerur

1. The Pandya rulers were impartial towards Saivism and Vaishnavism. Temples of both sects were patronised through grants, taxexemption and renovation.

2. The great Saiva and Vaishnava saints (Nayanmars and Alwars) contributed to the growth of Tamil literature.

Bumiputtirar or Vellalar

The different types of partners are:- 

1. Active or working partners. 

2. Sleeping partners.

3. Nominal Partners and 

4. Minor partners.

Partnership according to liability:

• Partnership with limited liability: partnership firm where in one partner is allowed to have limited liability and all remaining partners have unlimited liability is called a partnership with limited liability. This is a special type of partnership.
• Partnership firm with unlimited liability: The partnership firm in which the liability of each member is unlimited is called a partnership firm with unlimited liability.

Partnership according to time limit.
1. Partnership at will:

• A partnership where in no duration is mentioned in the partnership deed is called partnership at will. This means that the life or existence of the partnership depends on the will of the partners. They can continue as long as they remain united.
• If any of the partner wishes to dissolve the firm then he can do so by giving a legal notice to dissolve the firm.

2. Term partnership:

When the duration of the partnership is mentioned in the agreement it is called partnership for a fixed time. Once the rturation is completed, the partnership dissolves automatically. However, if the partners wish to extend the duration they can.

3. Partnership for a specific work:

• A partnership done to accomplish a specific work such as building a bridge, compl eting a project, etc. is called a partnership for specific work.
• As s oon as the work gets over, the partnership dissolves automatically.

Correct option is (B) Voluntary partnership

(c) Ur – town

Merits of partnership firms are as follows: 

1. No legal formalities are required for the formation of partnership firm. 

2. It is formed by more than, two persons, so the capital investment is more. 

3. Division of labour can easily be adopted. 

4. There is a scope for maintaining secrets of business

• Partnership firm with limited liability and
• Partnership firm with unlimited liability.

1. Since the number of partners is limited, the capital contribution is also limited. 

2. Liability is limited, so it discourages many people to join as partners. 

3. Reckless and foolish decisions of some partners may lead to heavy setbacks. 

4. It is difficult to transfer the share of partners to others.

• Voluntary partnership firm
• Partnership for a fixed time
• Partnership for a specific work.

Statutory Corporation

(A) Partnership according to time limit
(B) According to time limit
(C) According to business and
(D) According to registration.

Ratio in edges of two cubes = 3:2

Let edge of first cube = 3x

Then edge of second cube = 2x

(i) Now total surface area of first cube = 6 x (3x)² = 6 x 9x² = 54x² 

and of surface area of second cube = 6 x (2x)² = 6 x 4x² = 24x² 

Ratio = 54x²: 24x² = 9:4

(ii) Volume of first cube = (3x)³ = 27x³ 

and second cube = (2x)³ = 8x³ 

Ratio = 27x³: 8x³ = 27 :8

Departmental Organisation

A partner who shares only the profits without being liable for the losses is known as partner in profit only. Such a person is made a partner only to take advantage of his special skills, knowledge and rich experience. Such partner may or may not invest his capital in the firm.

a = 130°      [Vertically opp. angles]

b = 150°       [Vertically opp. angles]

c = 150°       [Alternate interior angles]

d = 130°       [Alternate interior angles]

External length of the closed box = 80 cm 

External Breadth of the closed box = 75 cm 

External Height of the closed box = 60 cm 

External volume of the closed box = 80 x 75 x 60 = 360000 cm³ 

Internal length of the closed box = 80 – 4 = 76 cm 

Internal Breadth of the closed box = 75 – 4 = 71 cm 

Internal Height of the closed box = 60 – 4=56 cm 

Internal volume of the closed box = 76 x 71 x 56 cm = 302176 cm³ 

Volume of wood required to make the closed box = 360000 – 302176 = 57824 cm³

x = 115°      [Vertically of angles]

y = 70°        [Vertically opp. angles]

z = 70°        [Alternate int. angles]

w = 115°     [Alternate int. angles]

Partner in profit only:

A partner who shares only the profits without being liable for the losses is known as partner in profit only.

Such a person is made a partner only to take advantage of his special skills, knowledge and rich experience. Such partner may or may not invest his capital in the firm.

External length of the closed box = 66cm. 

External breadth of the closed box = 36 cm 

External height of the closed box =21 cm 

External volume of the closed box= 66 x 36 x 21 = 49896 cm³ 

Internal length of the box =(66 – 2 x 0.5) = 66 – 1 = 65 cm 

Internal breadth of the box =(36 – 2 x 0.5) = 36 – 1 = 35 cm 

Internal height of the box = (21 – 2 x 0.5) = 21 – 1 = 20 cm

Internal Volume of the box = 65 x 35 x 20 = 45500 cm³ 

(i) Capacity of the box = 45500 cm³ 

(ii) Volume of metal sheet of the box = External volume – Internal volume = 49896 – 45500 = 4396 cm³ 

(iii) 1 cm³ of metal weigh 3.6 grams.

Weight of the box = 4396 x 3.6 gm = 15825.6 gm

Partner by estopple or holding out:

• A person who does not signs the partnership deed, does not bring capital and does not share the profit or loss in the firm but permits himself to be represented as a partner and behaves as a partner is called a partner by holding out or estopple partner.
• When a third party due to goodwill of such person (estopple partner) believes that the person sitting in the firm is a partner and transacts with the firm then the – liability of that partner becomes unlimited too.

Length of the tank = 10 m 

Breadth of the tank = 7.5 m 

Depth of the tank = 3.8 m 

Area of four walls = 2[L+B] x H = 2(10 + 7.5) x 3.8

= 2 x 17.5 x 3.8 = 35 x 3.8 = 133 m² 

Area of the floor = L x B = 10 x 7.5 = 75 m

Area of metal sheet required to make the tank =Area of four walls + Area of floor = 133 m² + 75 m² = 208 m² 

The Company which is registered under Companies Act, 2013 having minimum 51% of paid up share capital held by central government or any state government or partly by central government and partly by one or more state governments is known as Government company.

It is the oldest form of business organisation. Departmental Organisation performs its all activities as an integral part for government only.

Statutory Corporation is an autonomous corporate body created by the special act of the parliament or state legislature with defined powers, functions and duties.

Multinational corporation (MNC), also called transnational corporation, any corporation that is registered and operates in more than one country at a time. Generally the corporation has its headquarters in one country and operates wholly or partially owned subsidiaries in other countries.

A multinational corporation is a business organisation that operates in many different countries at the same time.

Abbe Sieyes wrote the pamphlet called ‘What is the Third Estate’.

LLP and Partnership Firm both look alike but are separate and have separate features:

• Legal base: Limited Liability Partnership is based on “Limited Liability Partnership Act, 2008” and regular partnership is based on “Partnership Act, 1932”.
• A number of partners: In a Partnership firm, a minimum of two partners and a maximum of fifty partners are allowed and in LLP minimum of two partners and a maximum no limit.
• Liability: In LLP, partners have limited liability while in a partnership firm, partners have unlimited liability.
• Transfer of ownership: There is no restriction on joining and leaving the LLP, but in a partnership firm, partners cannot transfer their shares without the permission of other partners.

‘Marseillaise’ written by the poet Roget de Lisle

• More than 51% of paid-up share capital is held by the Government.
• The government may be Central or State Government or partly Central Government and partly one or more State Government.
• It may be a subsidiary company of a Government company.
• It may be a Private company or a Public company.

• In this company, only one person is a member.
• It should follow all rules and formalities of a private company.
• It is conducted by one promoter with limited liability.
• Such a business organization is better as compared to a sole trader.

An extreme situation endangered the basic means of livelihood.

• Such a company is formed under Section 2(21).
• This company may or may not have share capital.
• Member promises to pay a fixed amount at the time of liquidation.
• This fixed amount is mentioned in the Memorandum of Association.
• This amount is used to pay debts and liabilities.

LLP means where partners have limited liability and the personal assets of partners are not attached.

Subsistence Crisis’ happened in France due to the following reasons:-

(i) Bad harvest 

(ii) Scarcity of grains 

(iii) High prices of food.

• The liability of shareholders is limited in Joint Stock Company.
• Personal property cannot be used to pay the debts of the company.
• Liability is limited to the unpaid part of the face value of shares held by a shareholder.
• Shareholders are not liable to pay debts and liability of the company.

Declared France a Republic

Poor servants and small peasants, landless labourers, Peasants, artisans, Big businessmen, merchants, lawyers, etc.

Rousseau was advocated ‘each member should have one vote’.

Small Scale Industries

Society and institutions of France before 1789 A.D.