Explore topic-wise InterviewSolutions in Current Affairs.

Wholesale billing is easy in comparison of retail billing and allows a big level of threshold of tolerance. It can never if 100% accurate because of various reasons like difference in prices configured in two operating systems or difference in number of calls related because some of the calls may got missed at any network element.

Correct option is b) A is correct, but R is wrong

Participants in SCM are:

1. Suppliers 

2. Manufactures 

3. Manufacturing units 

4. Distributors 

5. Wholesalers 

6. Retailers

b) A is correct, but R is wrong 

Important features are: 

1. Transactions of every day are recorded chronologically 

2. Both the aspect of a transaction are recorded at one place. 

3. Date wise entries facilitate quick reference. 

4. It facilitates cross checking of transactions.

Using solar power i.e., power generated using the sun does not cause pollution as it does not require burning of non-renewable fuels, such as coal. We are making efforts to increase the solar power generation so that our electricity needs are met and at the same time we do not pollute the environment or use up natural resources. Use of biogas is also an eco-friendly alternative to natural gas.

Inventory is sometimes used to protect against the uncertainties of supply and demand, as well as unpredictable events such as poor delivery reliability or poor quality of supplier’s product. These inventory cushions are termed as safety stocks. It is any amount held on hand that is over and above that currently needed to meet demands.

a) Both A and R are correct 

A refrigerator truck is a van or truck designed to carry perishable freight at specific temperatures.

i) Debit note is prepared by a person who has purchased the goods and returning the some portion or whole of goods. Credit note is prepared by the a person who receives the goods returned. 

ii) Debit note is intimation to the seller about the return of goods .Credit note is confirmation of receiving the returned goods. 

iii) Debit note informs the person that his account is debited .while credit note informs the person who returns the goods that his account is credited. 

iv) Debit note is recorded in Purchase return books and credit note is recorded in sales return books.

Correct answer is (c) Phone call 

A person should fulfills the standards of personal fitness as specified in the PSARA ACT 2005. 

The specifications are: 

1. Height: 160 cm for male and 150 cm for female 

2. Weight: according to standard table of height and weight. 

3. Eyesight: far sight vision 6/6, near vision 0.6/0.6 with or without correction, free from color blindness. 

4. Read and understand displays in English alphabets and Arabic numerals 

5. A candidate should be free from evidence of any contagious or infectious disease.

Merchandise

Merchandise planning is useful for organizer for attracting customers, increase sales, profit maximization and reducing expenses.

Accounting is useful to the management as well as to other users such as owners, debtors, creditors, investors, government and others. It provides information regarding the status of the organization and results of its operations. The following are the functions of accounting:

1. Recording of information: Accounting is an art of recording financial facts of an organization. As it is not possible to remember each and every transaction of the business it is necessary to supplement human memory. The information is recorded in various books. The books to be maintained in an organization may be purchase book, sales book, purchase returns book, sales returns book, cash book etc.

2. Classification of data: The classification data means that the data of one nature is placed at one place. This is done in a book which is called „Ledger‟ For example Salaries, Rents, interest, Assets, Liabilities etc. These accounts will be opened in the ledger under various heads relating to these accounts and entries will be posted into these accounts

3. Making summaries: Another function of financial accounting is to summarize the recorded data. The classified data is used to prepare final accounts i.e. profit and loss account and balance sheet. The profit and loss account is the summary of various revenue items and expenditure items and the balance sheet is the summary of various assets and liabilities.

4. Dealing with financial transactions: Only those transactions which can be measured in terms of money are recorded. Anything which cannot be measured in terms of money does not form a part of financial accounting.

5. Interpreting Financial Information: Accounting information is modified in such a way that it is interpreted by the users for drawing conclusions. The users such as creditors investors, bankers, shareholders are able to form an opinion about the profitability and financial position of the business.

6. Communicating Results: Financial accounting is not only concerned with the recording data but also concerned with communication of results. The profitability and financial position of the organization are communicated through profit and loss account and balance sheet. This information is supplied at regular intervals.

7. Providing Reliable Information: Another important function of financial accounting is to make the information more reliable and useful. This is done by adopting internationally accepted accounting standards for the preparation of accounts.

The objectives are: 

1. A controlled level of mark downs. 

2. Minimum investment in unnecessary inventory. 

3. Proper inventory turnovers. 

4. Minimum expenses associated with the store of merchandise. 

5. Balancing of inventory against sales 

6. Minimal merchandise shrinkage

The following are the limitations of accounting: 

1. Does not record all events: 

Only financial transactions are recorded. 

2. Does not reflect current values: 

The data available under book-keeping is historical in nature. So they do not reflect current values. 

3. Estimates based on Personal judgment: 

The estimates used for determining the values of various items may not be correct. For example, debtors are estimated in terms of collectability, inventories are based on marketability, and fixed assets are based on useful working life. These estimates are based on personal judgment and hence sometimes may not be correct. 

4. Inadequate information on costs and Profits: 

Book-keeping only provides information about the overall profitability of the business. No information is given about the cost and profitability of different activities of products or divisions.

Step 1: Scanning the Products

When you go to the last destination in a retail store, the final action is making payments to what you have purchased. You will notice that the person standing at the POS system scan all the products with a bar code scanner to log the prices and qualities in their machine. Bar code scanner uses a laser beam to read the information coded in the bar code.

Step 2: Receiving Payments

Merchants use point-of-sale (POS) systems to take customer payments by credit card1/debit card or cash. Payments are collected immediately in a store that uses a POS system to run the payment. The terminals that are used in POS systems are typically connected directly to a bank that can credit the user's account and show payment on the merchant's books. A financial tracking system is connected to POS terminals through systems that process credit and debit card payments.

Step 3: Printing the Bill

POS equipment can print copies of the sale for the customer and the merchant. Exchanges and refunds also can be run through the system, and the bill can be printed when a merchant has a printer attached to the system.

Step 4: Cash Drawer

Merchants running POS systems usually attach a cash drawer to the system to hold the credit card receipts. POS systems also tie in cash payments through the same program and open the cash draw when each transaction is completed. And the transaction is complete! Isn’t that so simple and in a logical sequence.

A hub and scope distribution method is acentralized, integrated logistics system designed to keep the costs down. It receives products from many different origins, consolidate the product and then send them directly to the destinations. This method of distribution reduces transportation cost, improves cycle times and reduces inventory.

Ignition

Hazardous materials are stored in approved containers and away from Ignition sources.

Bookkeeping and Accounting

The terms book-keeping and accounting are used interchangeably, but they differ from each other. Accounting is a wider concept and includes Book Keeping.

Book-keeping involves the chronological recording of financial transactions of an organization in a set of books in a systemic manner. The main function of a book keeper is to maintain the books of original entry i.e., Journal, Ledger, etc.

It involves: 

• Identifying financial transactions and events 
• Measuring them in terms of money. 
• Recording the identified financial transactions and events in the books of account. 
• Classifying recorded transactions and events

 It involves: 

• Special skills and ability to analyze and interpret. 
• Objective is to ascertain net results of operations and financial position and to communicate information to the interested parties.

The three basic reasons are : 

1. Time: The time lags present in the supply chain from supplier to user at every stage, requires that you maintain certain amounts of inventory to use in this lead time. Inventory is to be maintained for consumption during variation in lead time. 

2. Uncertainty: inventories are maintained as buffers to meet the uncertainties in demand, supply and movement of goods. 

3. Cost effectiveness: bulk buying movement and storing brings in cost effectiveness thus inventory is needed.

There are 3 basic reasons for keeping inventory: 

i) Time :

the time lag present in the supply chain, from supplier to user at every stage, requires that you maintain certain amounts of inventory to use in this lead time. However , in practice inventory is to be maintained for consumption during ‘ variations in lead time’. Lead time itself can be addressed by ordering that many days in advance. 

ii) Uncertainty: 

Inventories are maintained as buffers to meet uncertainties in demand, supply and movement of goods. 

iii) Cost effectiveness: 

Ideal condition of ‘’ one unit at a time at a place where a user needs it, when he needs it ‘’ principle tends to incur lots of cost in terms of logistics. So bulk buying, movement and storing brings in cost effectiveness, thus inventory is needed.

The time lags present in the supply chain from supplier to user at every stage, requires that you maintain certain amounts of inventory to use in this lead time. Inventory is to be maintained for consumption during variation in lead time.

The three basic reasons for keeping the inventory are:

1. TIME- The time lag present in the supply chain, from the supplier to user at every stage, requires that you maintain certain amounts of inventory to use in this lead time. However, in practice inventory is to be maintained for consumption during variation in lead time. Lead time itself can be addressed by ordering that many days in advance.

2. Uncertainty- Inventories are maintained as buffers to meet uncertainties in demand, supply and movement in goods.

3. Cost effectiveness- Ideal condition of “one unit at a time at a place where user needs it, when he needs it” principle tend to incur lots of costs in terms of logistics. So bulk buying, movement and storing brings in cost effectiveness, thus inventory is needed

The organization and the store are built from the customer perspective in, not the retailer perspective out. 

The shopping process is easy to understand, and customers have more control over the entire retail experience. 

Customer information is appropriately used, by both the retailer and by customers, to enhance the shopping experience. The shopping experience is tailored to different customer needs and shopping occasions.

The following four strategic imperatives:

1. Build an organization that defines a shoppingexperience that evolves withchanging customer expectations: Retailers need to build a dynamic organization that is aligned to listen to the customer so that it can continuously enhance and sustain customer satisfaction. This requires a commitment to innovate and experiment with new concepts and offerings.

2. Provide a truly convenient shoppingexperience: Stores need to be designed to create an environment that is easy to shop and provides customers with the necessary tools, information, and services needed to make an informed and confident purchase.

3. Develop an integrated view of the customer: Retailers need to achieve a foundational level of customer information integration that includes eliminating customer data silos and integrating fragmented pieces of data gathered across all customer touch points and channels. This level of integration allows retailers to deliver more seamless shopping experiences and also deliver more relevant offerings to customers.

4. Deliver a flexible product/service offering: Retailers need to be able to tailor their offerings to meet customer needs across different segments, local markets, shopping occasions and product categories. The store should be designed and operated with flexible options that allow customers to shop the way they want to shop.

Further, while it is critically important to embrace these imperatives, achieving an increased focus on the retail customer’s perspective requires retailers to focus on execution excellence throughout their organization.

1. 

(a) 578 x 161

Rounding off 578 to the nearest hundreds, we get 600

And, rounding off 161 to the nearest hundreds, we get 200

Therefore, 600 x 200 = 1,20,000

It means that estimate of 578 x 161 is equal to 1,20,000 according to the general rule.

(b) 5281 × 3491

Rounding off 5,291 to the nearest thousands, we get 5,000

And, rounding off 3,491 to the nearest hundreds, we get 3,500

Therefore, 5,000 x 3,500 = 1,75,00,000

It means that estimate of 5281 x 3491 is equal to 1,75,00,000 according to the general rule.

(c) 1291 × 592

Rounding off 1291 to the nearest hundreds we get, 1300

And, rounding off 592 to the nearest hundreds, we get 600

Therefore, 1300 x 600 = 7,80,000

It means that estimate of 1291 x 592 is equal to 7,80,000 according to the general rule.

(d) 9250 × 29

Rounding off 9250 to the nearest thousands, we get 9000

And, rounding off 29 to the nearest tens, we get 30

Therefore, 9000 x 30 = 2,70,000

It means that estimate of 9250 × 29 is equal to 2,70,000 using general rule.

2.

(a) 439 + 334 + 4317

Rounding off to hundreds

Rounding off 439 to the nearest hundreds= 400

Rounding off 334 to the nearest hundreds=300

Rounding off 4,317 to the nearest hundreds, we get 4,300

On adding we get,

400 + 300 + 4,300 = 5,000

Rounding off to tens

Rounding off 439 to the nearest tens = 440

Rounding off 334 to the nearest tens= 330

And, rounding off 4,317 to the nearest tens =4,320

On adding we get

440 + 330 + 4,320 = 5,090

• The answer is 5,000 when we round off the given terms to the nearest hundreds.

• The answer is 5,090 when we round off the given terms to the nearest tens.

(b) 1,08,734 – 47,599

Rounding off to hundreds

Rounding off 1,08,734 to the nearest hundreds= 1,08,700

And rounding off 47,599 to the nearest hundreds= 47,600

On subtracting we get

1,08,700-47,600=61,100

Rounding off to tens

Rounding off 1,08,734 to the nearest tens =1,08,730

Rounding off 47,599 to the nearest tens =47,600

On subtracting we get

1,08,730-47,600=61,130

• The answer is 61,000 when we round off the given terms to the nearest hundreds.

• The answer is 61,130 when we round off the given terms to the nearest tens.

(c) 8325 – 491

Rounding off to hundreds

Rounding off 8,325 to the nearest hundreds=  8,300

And, rounding off 491 to the nearest hundreds=  500

On subtracting, we get

8,300-500=7,800

Rounding off to tens

Rounding off 8,325 to the nearest tens= 8,330

And, rounding off 491 to the nearest tens= 490

On subtracting we get,

8,330-490=7,840

The answer is 7800 when we round off the given terms to the nearest hundreds.
The answer is 7840 when we round off the given terms to the nearest tens.

(d) 4,89,348 – 48,365

Rounding off to hundreds

Rounding off 4,89,348 to the nearest hundreds= 4,89,300

And, rounding off 48,365 to the nearest hundreds=48,400

On subtracting we get

4,89,300-48,400=4,40,900

Rounding off to tens

Rounding off 4,89,348 to the nearest tens= 4,89,350

Rounding off 48,365 to the nearest tens= 48,370

On subtracting we get

4,89,350-48,370=4,40,980

• The answer is 4,40,900 when we round off the given terms to the nearest hundreds.

• The answer is 4,40,980 when we round off the given terms to the nearest tens.

3. 

(a) 730 + 998

Nearest round off of 730 = 700
Nearest round off of 998 = 1000
Sum of 730 + 998 = 700 + 1000 = 1700

(b) 796 - 314

Nearest round off of 796 = 800
Nearest round off 314 = 300
Subtraction of 796 - 314 = 800 - 300 = 500

(c) 12904 + 2888

Nearest round off of 12904 = 13000
Nearest round off of 2888 = 3000
Sum of 12904 + 2888 = 13000 + 3000 = 16000

(d) 28292 - 21496

Nearest round off of 28292 = 28000
Nearest round off of 21496 = 21000
Subtraction of 28292 - 21496 = 28000 - 21000 = 7000

Ten more such examples are

(i) 435 + 282 = 400 + 300 = 700
(ii) 3986 + 5870 = 4000 + 6000 = 10000
(iii) 7392 - 4789 = 7000 - 5000 = 2000
(iv) 5160 - 2792 = 5000 - 3000 = 2000
(v) 2195 + 1306 = 2000 + 1000 = 3000
(vi) 1180 - 1382 = 1000 - 1000 = 0
(vii) 920 + 565 = 900 + 600 = 1500
(viii) 6410 - 4860 = 6000 - 5000 = 1000
(ix) 3841 + 1450 = 4000 + 1000 = 5000
(x) 6375 - 4229 = 6000 - 4000 = 2000

4. 

Given that

Capacity of curd in a vessel = 4 liters 500 ml = 4 × 1000 ml + 500 ml = 4500 ml

Capacity of one glass = 25ml

In how many glasses each of 25 ml capacity, can the given volume of curd be filled.

Number of glasses can be filled = 4500/25= 180

Therefore, 180 glasses can be filled by curd.

5. 

Given that

Distance between school and home = 1875m

We have to find out the total distance covered by her in six days

To determine the total distance covered by her in six days first we need to add the to and for distance covered by her in a day

Total distance covered in one day = (1875m+1875m) = 3750m

Distance covered in six days = 3750 x 6 = 22500m

Therefore, 22 km 500 m distance was covered in six days.

Important features of an E-shop:

1. Online catalogue for goods, linked to the order process. 

2. Provision of a search engine for products. 

3. Shopping cart, for good selection and automatic price update. 

4. Personalization of store layouts, promotions and marketing. 

5. An online contact person. 

6. Order status checking facility. 

7. Use of forums and customer communities.

Keyboards is used with the back office server. The keyboard is used to enter items, pricing information, updates and all other information essential to running the business. Even when touch-screen monitors are used at workstation terminals, keyboards may still be useful in entering any notes, details or modifications to the purchased goods or services.

Given:

13 busses carries = 715 passengers

Calculations:

1 buss carries = 715 ÷ 13

1 bus carries = 55 passengers 

Hence, 25 busses carries = 25 × 55

⇒ 1375 

∴ The number of passengers carried by 25 buses is 1375

Calculations:

(0.5)² = 0.5 × 0.5

⇒ 0.25

\(\sqrt {0.49}\) =\(\sqrt(0.7 × 0. 7) \)

⇒ 0.7

\(\sqrt[3]{{0.008}}\) = \(\sqrt[3]{{0.2 \times 0.2 \times 0.2}}\)

⇒ 0.2

Arranging the all above numbers in descending order

0.7 > 0.25 > 0.23 > 0.2

∴ The least number among all the numbers is \(\sqrt[3]{{0.008}}\)

Given:

Raksha completes work in 27days.

Esther completes work in 45days.

Raksha leaves 9 days before the work is over.

Formula Used:

Efficiency = total work / time taken

Total work = LCM of time taken

Calculation:

Total work = LCM of time taken

⇒ Total work = LCM of 27days and 45 days.

⇒ Total work = 135units.

⇒ Efficiency_(Raksha) = 135 / 27 = 5

⇒ Efficiency_(Esther) = 135/45 = 3

Raksha leaves 9 days before the work is over.

last 9  days Esther alone worked.

⇒ Total units of work completed by Esther in 9days

⇒ 9× 3 = 27 units

units of work completed by Raksha and Esther together,

⇒ 135 - 27 = 108 units

108 units of work completed by Raksha and Esther together,

⇒ Time taken by Raksha and Esther together = 108/8

⇒ Time taken by Raksha and Esther together  = 13.5 days.

⇒ Esther worked for 13.5days + 9days = 22.5days  

∴ Esther works for 22.5 days.

Correct Answer is Shiv Kapur

Correct Answer is Sikkimese

The original name of Balban was Ulugh Khan.

Da Cunha Associates

Correct option is B) There, the air is clean and it is always quiet and peaceful

Ahmed Shah Abdali

Mehrauli Archaeological Park

Correct option is D) towards

Humayun's Tomb

Correct option is B) without

Correct option is B) into / among