This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
A shorter version of the Prospectus and contains all the salient features of a Prospectus. It accompanies the application form of public issues. a. Red–Herring Prospectusb. Abridged Prospectus c. Red Prospectus d. New Version of Prospectus |
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Answer» Correct answer is b. Abridged Prospectus |
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| 2. |
Which of the following methods it does not require daily monitoring of inventory traffic and figures? a) Perpetual method b) Periodic methodc) Precise method |
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Answer» b) Periodic method Periodic method does not require daily monitoring of inventory traffic and figures. |
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| 3. |
Name the methods of Inventory planning. |
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Answer» Methods of inventory planning are: 1. The basic stock method 2. The percentage variation method 3. The week’s supply method 4. The stock/sales ratio method 5. Stock turnover ratio |
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| 4. |
Revenue receipt Will be shown in |
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Answer» Revenue receipts are credited to income account and shown in the credit side of Income & Expenditure account. |
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| 5. |
From the given information, calculate the following: (i) Cost of Revenue from Operations (ii) Opening and Closing Inventory (iii) Quick Assets (iv) Current Assets information: Inventory Turnover Ratio 6 times, Inventory at the end is Rs. 6,000 more than the inventory in the beginning, Revenue from Operations (all credits) Rs. 2,40,000, Gross profit 25% on cost, Current Liabilities Rs. 80,000, Quick Ratio 0.80 : 1. |
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Answer» (i) Let the cost = Rs. 100 Gross profit = Rs. 25 Revenue from Operation (Sales) = Rs. 100 + Rs. 25 = Rs. 125 Revenue from Operation (all credit) = Rs. 2,40,000 (Given) `therefore` Cost of Revenue from Operations = Rs. 2,40,000 `xx` Rs. 100/Rs. 125 = Rs. 1,92,000. (ii) Let Opening Inventory = x Closing Inventory will be = x + Rs. 6,000 Average Inventory = `("Opening Inventory + Closing Inventory")/(2)` `= (x + x + Rs. 6,000)/(2)` Inventory Turnover Ratio = `("Cost of Revenue from Operations")/("Average Inventory")` `6 = (Rs. 1,92,000)/((x+x+ Rs. 6,000)/(2))` 6x + 6x + Rs. 36,000 = Rs. 3,84,000 12x = Rs. 3,84,000 - Rs. 36,000 12x = Rs. 3,48,000 x = Rs. 3,48,000/12 = Rs. 29,000 (Operating Inventory) Closing Inventory = Rs. 29,000 + Rs. 6,000 = Rs. 35,000. (iii) Quick Assets = Rs. 80,000 (CL) `xx` 0.80 = Rs. 64,000. (iv) Current Assets = Quick Assets + Inventory (Stock) = Rs. 64,000 + Rs. 35,000 = Rs. 99,000. |
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| 6. |
Change into indirect speech She said,"The key is somewhere . Can't you find it ?" The children said."We'll go back and try to find it as soon as possible. You are too angry to understand us. Aren't we too tired to walk any further? " |
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Answer» 1. she said that the key is somewhere. 2. The children said that they will go back and try to find it as soon as possible. 3. - 4. They said that aren't they too tired to walf any further. |
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| 7. |
Ratio of current assets (Rs 300000) to current liabilities (Rs 200000) is 1.5:1 .The accountant of the firm is interested inn maintaining a current ratio of 2:1 by paying of a part of the curent liabilites compute amount of the current liabilities that should be paid so that the current ratio at the level of 2:1 may be maintained |
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Answer» Let the amount of Current Liabilities to be paid off be x then, `(Rs 3,00,000-x)/(Rs. 2,00,000-x) = (2)/(1)` implies Rs. 3,00,000 - x = Rs. 4,00,000 - 2x, x = Rs. 1,00,000. `therefore` The amount of Current Liabilities to be paid off is Rs. 1,00,000. |
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| 8. |
Price elasticity of demand means:A. Change in demand due to change in priceB. Change in demandC. Change and real incomeD. Change in price |
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Answer» A. Change in demand due to change in price The ratio of the percentage change in quantity demanded to the percentage change in price. Answer A.Price elasticity is the change in the quantity demanded in relation to a change in its price. |
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| 9. |
Write a short note on Patrolling. |
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Answer» Patrolling is the act of moving about an area especially by an authorized and trained person or group, for purpose of observation, inspection, or security. |
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| 10. |
Calculate the following.undervaluation of closing stock by 10% closing stock was 30000 rupees find out the value of closing stock |
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Answer» Undervaluation of closing stock by 10 % Revised value = \(\frac{Book\,value}{100-\%\,of\,undervaluation}\times100\) \(=\frac{30,000}{100-30}\times100\) = ₹ 33,333. ∴ Value of closing stock = ₹ 33,333. |
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| 11. |
“Banks have various channels to transfer money from one person to another”. What are the different ways to transfer money electronically from one person to another? Explain any one in brief |
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Answer» a) NEFT b) RTGS “Banks have various channels to transfer money from one person to another”. NEFT and RTGS to transfer money electronically from one person to another. |
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| 12. |
Describe two considerations for preparing physical inventory. |
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Answer» a) Schedule the count date Set the count date well in advance so everyone has time to prepare for it and schedule around it. b) Human Resource consideration While the availability and experience of staff is important, checks and balances and personal accountability is equally important. |
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| 13. |
What are the potential hazards for workers in Retail? |
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Answer» Lifting and handling materials, improper lifting, pushing, pulling, lowering and twisting can cause strains, sprains, and other serious injuries. Improper techniques, physical capabilities, preexisting conditions and other related issues can contribute to potential risks. |
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| 14. |
Draw comparison between wholesale billing and retail billing. |
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Answer» Wholesale billing is easy in comparison of retail billing and allows a big level of threshold of tolerance where as retail billing always needs to be 100% accurate. Wholesale billing can never if 100% accurate because of various reasons like difference in prices configured in two operators systems or difference in number of calls rated because some of the calls may got missed at any network element. |
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| 15. |
What is the difference between Retail Billing and Wholesale Billing? |
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Answer» 1. Retail billing deals with an end customer and billing an individual customer, Whereas wholesale billing deals in the billing of the entities depending on situation and nature of business. 2. Wholesale billing is easy in comparison to retail billing. 3. Retail billing needs to be 100% accurate whereas wholesale billing can never be 100% accurate because of various reasons like difference in price etc. 4. There are specialized billing systems which are being used to handle retail billing like Convergys and Amdocs billing systems whereas ASCADE and INTEC billing system are famous for wholesale billing. 5. Wholesale billing can also be settled using retail billing system whereas retail billing cannot be handles using wholesale billing system. |
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| 16. |
According to Profit and Loss Account, the net profit for the year is ₹4,20,000. Salary of apartner is ₹5,000 per month and the commission of another partner is ₹10,000. The intereston drawings of partners is ₹4,000. The net profit as per Profit and Loss AppropriationAccount will be :(A) ₹3,54,000(B) ₹3,46,000(C) ₹4,09,000(D) ₹4,01,000 |
| Answer» no i don't know how to solve these kind of problems and please give the full explanation of the answer | |
| 17. |
Cash Discount is :A. Which is received at the time of making the paymentB. Which is allowed at the time of sale of goodsC. Which is received at the time of purchase of goodsD. Which is received both at the time of making payment and purchase of goods |
| Answer» Correct Answer - A | |
| 18. |
Unless otherwise stated partner’s capital account should be assumed to be ______. |
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Answer» Answer: Fluctuating |
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| 19. |
Shorthand was invented by Sir Isaac Pitman in _______: (a) 1873 (b) 1837 (c) 1738 (d) 1783 |
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Answer» (b) 1837 Shorthand was invented by Sir Isaac Pitman in 1837. |
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| 20. |
There are ________ Diphthongs in Shorthand: (a) 12 (b) 6 (c) 4 (d) 8 |
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Answer» (c) Four There are Four Diphthongs in Shorthand. |
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| 21. |
What is the meaning of goodwill? |
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Answer» Goodwill is an intangible asset that is associated with the purchase of one company by another. Specifically, goodwill is the portion of the purchase price that is higher than the sum of the net fair value of all of the assets purchased in the acquisition and the liabilities assumed in the process. |
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| 22. |
Diphthongs are represented by _________ signs. (a) One (b) Two (c) Three (d) Four |
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Answer» (d) four Diphthongs are represented by four signs. |
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| 23. |
A boat B is moving in upstream with velocity `3 m//s` with respect to ground. An observer standing on boat obsserves that a swimmer S is crossing the river perpendicular to the direction of motion of boat. If river flow velocity is `4 m//s` and swinner crosses the river of width `100m` in 50 sec, thenA. Velocity of swinner w.r.t. ground is `sqrt(13m^(2)//s^(2))`B. Drift of swimmer along river will be zeroC. Drift of swimmer along river will be `150 m`D. Velocity of swimmer .w.r.t ground is `2 m//s` |
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Answer» Correct Answer - A::C::D `vec(v)_(SB) = v hat(j) = vec(v)_(s) - 3 hat(i)` `rArr vec(v)_(S) v hat(j) + 3 hat(i)` and `v = (100)/(50) = 2 m//s` `|vec(v)_(s)| = sqrt(v^(2) + 3^(2)) = sqrt(13m^(2) //s^(2))` Drift `= 50 xx 3 = 150m` |
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| 24. |
Consonants P/B, T/D, CH/J & K/G are _______ classified as: (a) Explodents (b) Continuants (c) Nasals (d) Liquids |
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Answer» (a) Explodents Consonants P/B, T/D, CH/J & K/G are Explodents classified as. |
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| 25. |
What do you understand by Assignment Instruction? |
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Answer» Assignment instructions contain the security procedure of a premise or site. The security personnel follow these instructions for discharge of their duties under various situations. The following aspects are contained in the assignment instructions: a. Company’s internal organization b. Company’s safety policy c. Standing instructions d. Emergency plan e. Evacuation plan f. Contact details |
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| 26. |
Joining of two or more words without lifting the pen is called: (a) Consonant (b) Diphthong (c) Phraseography (d) Contraction |
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Answer» (c) Phraseography Joining of two or more words without lifting the pen is called Phraseography. |
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| 27. |
if `vec(P) xx vec(R ) = vec(Q) xx vec(R )`, thenA. `vec(P) = vec(Q)`B. `vec(P)` and `vec(Q)` need not be equalC. There are infinite number of possibilities for `vec(P)` (If `vec(Q)` and `vec(R )` are given ) which satisfy this relationship.D. `vec(p)` and `vec(Q)` must be coplanar |
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Answer» Correct Answer - B::C::D `vec(P) = vec(Q) + lambda vec(R )` |
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| 28. |
Triphones are _______ vowel sounds in one sign: (a) Two (b) Three (c) Four (d) Single |
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Answer» (b) Three Triphones are Three vowel sounds in one sign. |
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| 29. |
A ____ is a result of friction or stopping of breath in some parts of the mouth or throat. (a) Vowel (b) Consonant (c) Diphthong (d) Contraction |
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Answer» (a) Vowel A Vowel is a result of friction or stopping of breath in some parts of the mouth or throat. |
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| 30. |
A small block of mass `m` is released from a fixed smooth wedge in figure. Initial point is marked as `A`. Bottom of wedge is marked as `B` and at a point `C` the block stops because the straight part of floor is rough. The friction coefficient of the block with the floor is `:`A. `(h)/(x_(0)`B. `(x_(0))/(h)`C. zeroD. 1 |
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Answer» Correct Answer - A Totol work doen by gravity`=` work done against friction ltbr. `mgh=mu mg. x_(0)` `=mu=(h)/(x_(0))` |
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| 31. |
Write a short note on human nervous system. |
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Answer» 1. Human nervous system is divided in to central nervous system and peripheral nervous system. 2. The central nervous system consists of brain and spinal cord. 3. The peripheral nervous system is made of motor and sensory nerves 4. The peripheral nervous system is directed by the brain. 5. Some peripheral nerves function on their own and are called automatic nerves, like respiration, digestion, activity etc. |
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| 32. |
A particle is projected at an angle of `30^(@)w.r.t.` horizontal with speed `20m//s:(` use `g=10m//s^(2))` `(i)` Find the position vector of the particle after `1s`. `(ii)` Find the angle between velocity vector and position vector at `t=1s`. |
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Answer» Correct Answer - (i) `1-0sqrt(3)hat(i)+5hat(j)` (ii) `cos^(-1)(2sqrt((3)/(13)))` `(i) x=ucos theta t` `=20xx(sqrt(3))/(2)xxt=10sqrt(3)m` `y=u sin theta t -(1)/(2)xx10xxt^(2)` `=20xx(1)/(2)xx(1)-5(1)^(2)=5m` Position vector, `vec(r)=10sqrt(3)hat(i)+5hat(j)` `|vec(r)|=sqrt((10sqrt(3))^(2)+5^(2))` `(ii) v_(x)=10sqrt(3)hat(i)` `v_(y)=u_(y)+a_(y)t=10-g t=0` `:. vec(v)=10sqrt(3)hat(i), |vec(v)|=10sqrt(3)` `vec(v).vec(r)=(10sqrt(3)hat(i)).(10sqrt(3)hat(i)+5hat(j))=300` `vec(v).vec(r)=|vec(v)||vec(r)|cos theta` `rArr cos theta =(vec(v).vec(r))/(|vec(v)||vec(r)|)=(300)/(10sqrt(3)sqrt(325))` `rArr theta =cos ^(-1)(2sqrt((3)/(13)))` |
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| 33. |
A small block of mass `m` is released from a fixed smooth wedge in figure. Initial point is marked as `A`. Bottom of wedge is marked as `B` and at a point `C` the block stops because the straight part of floor is rough. Work donw by normal reaction is zero during the motion of the blockA. from point `A` to `B` onlyB. from point `B` to `C` onlyC. from `A` to `C`D. none of these |
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Answer» Correct Answer - C The normal reaction is always `_|_` to surface and the displacement is always along the surface. `:. ` froce and displacement are `_|_` to each other . From `A` to `C` it is zero. |
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| 34. |
Triphones are represented by adding a _______ to the diphthong: (a) Tick (b) Dot (c) Circle (d) Slash |
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Answer» (a) Tick Triphones are represented by adding a Tick to the diphthong. |
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| 35. |
The diphthong sign for ‘I’ is _________ when prefixed to consonants L’ and ‘M’: (a) abbreviated (b) written in full (c) halved (d) Doubled |
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Answer» (a) Abbreviated The diphthong sign for ‘I’ is Abbreviated when prefixed to consonants L’ and ‘M’. |
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| 36. |
Enumerate any five ‘Arms’ of the Indian Army. |
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Answer» The Arms of the Indian Army are: 1. Armoured Corps 2. Mecahnised Infantry 3. Infantry 4. Artillery 5. Engineers 6. Army Air Defence 7. Army Aviation 8. Signals |
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| 37. |
When there is a final vowel after ‘w’, the following is used: (a) Semi-circle (b) ‘w’ Consonant |
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Answer» (b) ‘w’ Consonant When there is a final vowel after ‘w’, the ‘w’ Consonant is used. |
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| 38. |
As part of the first aid how would you control bleeding? |
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Answer» First aid for controlling bleeding is as under: 1. Clean the wound 2. Place a sterile dressing over the wound 3. Place your hand over the dressing and apply pressure on wound for 5-10 minutes 4. Tie a bandage over the dressing tightly |
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| 39. |
. As part of the first aid how would you control bleeding? |
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Answer» First aid for controlling bleeding is as under: 1. Clean the wound 2. Place a sterile dressing over the wound 3. Place your hand over the dressing and apply pressure on wound for 5-10 minutes 4. Tie a bandage over the dressing tightly |
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| 40. |
Write down, any four, the difference between the diphthong and diaphone. |
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Answer» 1. Two vowel sounds coming simultaneously and pronounced simultaneously are known as diphthongs whereas two vowel sounds coming simultaneously but being pronounced separately are known as Diphone. 2. Diphthongs are expressed by three angular signs and a semi-circle whereas Diphones are expressed by only two angular signs. 3. Diphthongs are found four in number whereas Diphones are two in number. 4. Diphthongs signs can be attached and abbreviated with some strokes whereas Diaphone sign cannot be attached and abbreviated. |
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| 41. |
Those who conduct audits to determine how energy efficient the building are called |
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Answer» Those who conduct audits to determine how energy efficient the building are called Energy Auditors. |
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| 42. |
What are the principal components of a CCTV system? |
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Answer» Principal components of a CCTV system are: 1. Camera/ lens 2. Monitor 3. Video recorder 4. Cable |
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| 43. |
Dash Vowel + Any other vowel represent the angular sign of diaphone -- will be written according to ______sounded vowel. |
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Answer» Dash Vowel + Any other vowel represent the angular sign of diaphone -- will be written according to First sounded vowel. |
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| 44. |
What are the essentials of a security guard’s uniform? |
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Answer» The security guard’s uniform should have: 1. an arm badge distinguishing the security agency 2. a chest badge 3. shoulder title 4. a lanyard with a whistle attached to it, and 5. It should not resemble any of the uniforms worn by the armed forces or police |
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| 45. |
The term sales is used only for the sales of …………… and is never used for the sale of …………….A. Assets, InvestmentsB. Assets, GoodsC. Intengible Assets, GoodsD. Goods, Assets |
| Answer» Correct Answer - D | |
| 46. |
What are the roles and responsibilities of private security guards? |
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Answer» Private security guards are employed by businessmen and entrepreneurs for private security services.The person who was still very recently called a watchman has evolved as a Private Security Guard or Private Security Officer. A Private Security Guard has to perform several functions, which includes observing and monitoring people, access, control, responding to security threat or emergency and using appropriate methods to control illegal or unauthorised entry. Private security guards generally covers security of Personnel, Property and Information. The primary aim of private security is to provide a safe and secure environment to the company and its personnel to carry out their duties.The scope of private security guard in India does not include policing and law enforcement and is limited to ensuring protection and loss prevention only. |
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| 47. |
Explain the tips for store design and also write the objectives. |
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Answer» Some of the tips for store design are as follows. I. The store must offer a positive ambience to the customers. The customer needs to leave the store with a smile. II. The trail room should have mirrors and must be kept clean III. Never play loud music at the store. IV. There should be no bad odor at the store as it irritates the customers. The objectives are as follows : I. Implement the store design. II. Provide flexibility III. Influence customer buying behaviour IV. Control design and maintenance costs and V. Meet legal requirements |
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| 48. |
Trade Discount is :A. Which is allowed at the time of receiving the paymentB. Which is allowed at the time of sale of goodsC. Which is allowed both at the time of receiving payment and sale of goodsD. Allowed in all of the above |
| Answer» Correct Answer - B | |
| 49. |
Write the difference between Retail and Wholesale Billing. |
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Answer» The difference between Retail and Wholesale Billing are as follows: I. Retail billing deals with end customers and billing an individual customer where as whole sale billing deals with the entities depending on situations and nature of business. II. Retail billing always needs to be 100% accurate, where as wholesale billing can never be 100% accurate because of various reasons. III. There are specialized billing system which we use to handle retail billing like Convergys, Amdocs billing where as ASCADE and INTEC billing system are used for retail billing. IV. Wholesale billing can be settled using retail billing system by using simple reports V. Wholesale billing is easy in comparison to retail billing. |
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| 50. |
Main feature of business transaction is :A. It involves an economic activityB. It results in a change in the financial position of the firmC. Change must be capable of being expressed in terms of moneyD. All of the above |
| Answer» Correct Answer - D | |