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. |
What is oversubscription? |
|
Answer» When the public apply for more shares than those offered to them, it is said to be oversubscription of shares. |
|
| 2. |
What are debentures? |
|
Answer» A debenture is an instrument issued by the company under its common seal acknowledging its debts to the holder and promising to repay the debt after a certain period of time with interest at regular intervals. |
|
| 3. |
Give the meaning of Interim Dividend. |
|
Answer» It is the dividend paid by the company in between Annual General body meetings. |
|
| 4. |
What are the various types of ratios? |
|
Answer» 1. Liquidity ratio 2. Solvency ratio 3. Turnover ratio 4. Profitability ratio |
|
| 5. |
State any two merits of Financial Statements. |
|
Answer» 1. Basis for taxation policies 2. Basis for granting of credit. |
|
| 6. |
State any two uses of Financial Statement Analysis? |
|
Answer» 1. It is useful to prospective investors who would like to know the earning capacity of the firm. 2. It helps the top management in measuring the success of the company’s operations. |
|
| 7. |
State any two uses of Financial Statement Analysis. |
|
Answer» 1. It is useful to the Finance Manager to make constant reviews of the actual financial operations of the firm. 2. It helps the lenders who provide long term finance to the business enterprises. |
|
| 8. |
Mention any two activities which are classified for preparation of cash flow statement as per AS – 3 |
|
Answer» Two activities for the preparation of cash flow statement are : 1. Operating activities 2. Investing activities or 3. Financing activities |
|
| 9. |
Assertion (A): Amount forfeited on Hari’s shares is Rs.1,20,000Reason (R): Profit on reissue of Hari’s shares is transferred to capital reserve.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true. |
|
Answer» Correct option is (B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A) |
|
| 10. |
Assertion (A):Amount unpaid on allotment is Rs.2,000.Reason (R):Excess application money under category (b) was adjusted towards allotment.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true. |
|
Answer» Correct option is (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) |
|
| 11. |
State any two uses of financial statement analysis. |
|
Answer» Uses of financial analysis 1. Help the financial manger to take better decision. 2. Helps the management is measuring the success of the companies operations or any other. |
|
| 12. |
Assertion (A): There was oversubscription for shares of the company.Reason (R):The applicants for 1,60,000 shares were not allotted and their application money refunded.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true. |
|
Answer» Correct option is (C) Assertion (A) is true but Reason (R) is false. |
|
| 13. |
Write any two limitations of financial statements. |
|
Answer» 1. Do not reflect current situation 2. Assets many not realize or any other. |
|
| 14. |
What is Oversubscription? |
|
Answer» It is a situation, when applications for more shares of a company are received than the number offered to the public for subscription. |
|
| 15. |
Write any two contents of partnership deed. |
|
Answer» Contents of partnership deed. 1. Name and addresses of the firm. 2. Name and address of all the partners or any other |
|
| 16. |
Who used the word 'Pakistan' for the first time?1. Barrister Jinnah2. Sir Syed Ahmed3. Muhammad Iqbal4. Choudhry Rahmat Ali |
|
Answer» Correct Answer - Option 4 : Choudhry Rahmat Ali The Correct Answer is Choudhry Rahmat Ali.
|
|
| 17. |
What is a Issue of shares. |
|
Answer» Issue of Shares is the process in which companies allot new shares to shareholders. Shareholders can be either individuals or corporates. The company follows the rules prescribed by Companies Act 2013 while issuing the shares. Issue of Prospectus, Receiving Applications, Allotment of Shares are three basic steps of the procedure of issuing the shares. The process of creating new shares is known as Allocation or allotment. |
|
| 18. |
What is Capital Fund? |
|
Answer» Capital fund is the difference between the assets and liabilities of the not for profit organization. It is aggregate capital items like legacies, entrance fees and lite membership fees. |
|
| 19. |
Give an example for cash inflows from financing activities. |
|
Answer» Cash proceeds from issuing shares (equity or / and preference) or any other. |
|
| 20. |
_________ is the Meridian on which the Indian Standard Time is based.1. 81 and 1/2 Degree east longitude2. 82 and 1/2 Degree east longitude 3. 84 and 1/2 Degree east longitude4. 83 and 1/2 Degree east longitude |
|
Answer» Correct Answer - Option 2 : 82 and 1/2 Degree east longitude The correct answer is 82 and 1/2 Degree east longitude.
|
|
| 21. |
The 90 degree East Meridian does NOT pass through:1. Bangladesh2. Sikkim3. Bhutan4. Meghalaya |
|||||||||||||||||||||||||||||||||
|
Answer» Correct Answer - Option 2 : Sikkim The Correct Answer is Sikkim.
|
||||||||||||||||||||||||||||||||||
| 22. |
Zojila Pass is between?1. Kashmir Valley and Ladakh2. Lahaul Valley and Spiti3. Chumbi Valley and Sikkim4. Arunachal Pradesh and Tibet |
|
Answer» Correct Answer - Option 1 : Kashmir Valley and Ladakh Zoji La is about 100 km from Srinagar, the capital of the Union territory of Jammu and Kashmir, and 15 km from Sonmarg. It provides a vital link between Ladakh and Kashmir Valley.
|
|
| 23. |
Given below is the Balance Sheet of A and B, who are carrying on partnership business on 31.12.2016. A and B share profits and losses in the ratio of 2:1. C is admitted as a partner on the date of the balance sheet on the following terms: (i) C will bring in Rs. 1,00,000 as his capital and Rs. 60,000 as his share of goodwill for 1/4 share in the profits. (ii) Plant is to be appreciated to Rs. 1,20,000 and the value of buildings is to be appreciated by 10%. (iii) Stock is found over valued by Rs. 4,000. (iv) A provision for bad and doubtful debts is to be created at 5% of debtors. (v) Creditors were unrecorded to the extent of Rs. 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» Correct Answer - Gain of Revaluation Rs. 27,000. Balance Sheet Rs. 5,88,000 | |
| 24. |
Read the following passage and answer the questions that follow :The main goal of ‘Skill India’ programme is to create opportunities, space and scope for the development of the talents of the Indian youth and to develop more of those sectors which have already been put under skill development for the last so many years and also to identify new sectors for skill development. The new programme aims at providing training and skill development to 500 million youth of our country by 2020, covering each and every village. Various schemes are also proposed to achieve this objective The emphasis is to impart skills to the youths in such a way that they get employment and also improve entrepreneurship.The programme provides training, support and guidance for all occupations that were of traditional type like carpenters, cobblers, welders, blacksmiths, masons, nurses, tailors, weavers, etc. More emphasis will be given on new areas like real estate, construction, transportation, textile, gem industry, jewellery designing, banking, tourism and various other sectors where skill development is inadequate or nil.The training programmes would be on the lines of international level so that the youths of our country could not only meet the domestic demands but also of other countries like the US, Japan, China, Germany, Russia and those in the West Asia. The course methodology of ‘Skill India’ would be innovative, which would include games, group discussions, brainstorming sessions, practical experiences, case studies, etc.It’s not that we do not have any skill development programme already. The Government of India has always considered skill development as a national priority. It is just that since the ministry is new, the approach taken for skill development is also new. Earlier, the emphasis was on traditional jobs. But this time, all kinds of jobs will be given equal emphasis.The idea is to raise confidence, improve productivity and give direction through proper skill development. Skill development will enable the youths to get blue-coller jobs. Development of skills, at an young age, right at the school level, is very essential to prepare them for proper job opportunities. There should be a balanced growth in all the sectors and all jobs should be given equal importance. Every job aspirant would be given training in soft skills to lead a proper and decent life. Skill development would reach the rural and remote areas also. Corporate educational institutions, non-government organizations, Government, academic institutions, and society would help in the development of skills of the youths so that better results are achieved in the shortest time possible.1. What is the main goal of ‘Skill India’ program?2. How is “Skill India” programme useful for traditional occupations?3. What kind of training programmes would be there in “Skill India”?4. What would be the contents of the course methodology of “Skill India”?5. Why is the development of skills at the school level essential? |
|
Answer» 1. The main goal is to create opportunities, space, and scope for the development of the talents of the Indian youth. 2. “Skill India” is useful for traditional occupations because it provides training, support and guidance for all these occupations. 3. The training programme would be on the lines of international level. 4. The contents would be innovative which would include games, group discussions, brain storming sessions, practical experiences, case studies, etc. 5. It is essential to prepare the youth for proper job opportunties. |
|
| 25. |
Read the following extract and answer the questions that follow :The Laburnum top is silent, quite stillIn the afternoon yellow September sunlight,A few leaves yellowing, all its seeds fallen.Till the goldfinch comes, with a twitching chirrupA suddenness, a startlement, at a branch end.Then sleek as a lizard, and alert, and abrupt,She enters the thickness, and a machine starts upOf chitterings, and a tremor of wings, and trillingsThe whole tree trembles and thrills.It is the engine of her family.She stokes it full, then flirts out to a branch-endShowing her barred face identity mask.Then with eerie delicate whistle-chirrup whisperingsShe launches away, towards the infiniteAnd the laburnum subsides to empty.[Without goldfinch (a small singing bird with yellow feathers on its wings) the laburnum tree remains standing lifeless. But just as the goldfinch comes on it, it comes alive. With the departure of the bird, it again becomes calm and lifeless]1. What has happened to the seeds of the laburnum (tree)?2. How does the goldfinch come?3. With whom has a goldfinch been compared in sleekness?4. Why has the tree been called engine of her family?5. What happens to the laburnum when the goldfinch flies away? |
|
Answer» 1. All the seeds of the laburnum (tree) have fallen. 2. The goldfinch comes with twitching chirrup. 3. Goldfinch has been compared to a lizard in sleekness. 4. Like an engine, the tree is filled with shrill sounds of the goldfinch family. So the tree has been called the engine of her family. 5. When the goldfinch flies away the laburnum is left empty. |
|
| 26. |
Read the following extract and answer the questions that follow :When did my childhood go? Was it the day I ceased to be eleven, Was it the time I realised that Hell and Heaven, Could not be found in Geography, And therefore could not be, Was that the day! When did my childhood go? Was it the time I realised that adults were not all they seemed to be, They talked of love and preached of love, But did not act so lovingly, Was that the day! When did my childhood go? Was it when I found my mind was really mine. To use whichever way I choose, Producing thoughts that were not those of other people[The poet misses his childhood innocence. He feels that now he has grown up. Now he also realises the emptiness of preachings and showy behaviour of adults. He understands that they pretend to be good but actually they are not]1. What does the poet miss?2. When exactly did the poet feel to have grown up?3. What do the adults preach?4. What did the poet realise about the adults?5. What did the poet find about his mind? |
|
Answer» 1. The poet misses his childhood. 2. On turning twelve, the poet felt to have grown up. 3. The adults preach about love. 4. The poet realised the adults pretended being good but in reality they were not so. 5. The poet found that his mind was really his own. |
|
| 27. |
Fill in the blanks with appropriate linkers: The gardener started narrating the story of Tammanna and Basavaiah to the owner’s wife. ....... proceeding with the story, he started fumbling for words .......... he had made a mistake. The owner’s wife was not interested in the story. She felt like going away ........... stayed back ............. she did not want to hurt the old man. (but, after, as though, as) |
|
Answer» After; as though; but; as. |
|
| 28. |
The truth of the saying ‘Mind makes the world a Heaven or Hell’. How does the poem highlight this statement? |
|
Answer» The poet doesn’t want to search for heaven which is nowhere. Also, he wants to create heaven in his surroundings, so he breaks the myth of heaven by asking where is heaven if not on earth. Man himself is God by having goodness in his heart and he should not search anywhere else for God. Earth is beautiful than heaven as earth consists of green trees, rushing streams, rolling waves, and shining sun, bright and calm moonlight which makes the harvest crops to shine. |
|
| 29. |
What strategies were used by Tammanna to destroy Basavaiah? |
|
Answer» Tammanna started to think in different ways to compete with Basavaiah. He stopped accumulating material wealth and started to compose ballads and singing them. Basavaiah with all his material wealth could not compete with this. |
|
| 30. |
What contrasting descriptions of the foot does the poem offer? Why? |
|
Answer» A child’s foot offers many contrasing descriptions in the poem. At the child’s age, it does not realise that it was a foot, but after facing many difficulties in life, it understands that it was a prisoner inside a man’s shoe. It felt the darkness inside the shoe that it couldn’t even get an opportunity to communicate with the other foot. When the man grows old, it also grows old, becomes rough and gets age related diseases and understands that it cannot stay young forever. The man must end his life one day or the other, but the foot is unaware of all these happenings. |
|
| 31. |
Imagine you are Yinit living in Baroda. Your aunt sent you a dictionary as a birthday gift. Write a letter to her to thank for the gift. You may touch upon the following points :(i) Thanks for the gift.(ii) How you celebrated your birthday ?(iii) Whom you invited ?(iv) The usefulness of the gift. |
|
Answer» 58 Ram Nagar My dear Aunt, Thanks a lot for sending a dictionary as my birthday gift. I celebrated my birthday by lighting fifteen candle-sticks. All the friends and relatives were invited. Music, dance and sumptuous dishes were the attractions. The party ended at 11.00 p.m. I received many gifts. But the dictionary, you sent, is the best. Your precious gift is most useful to find meanings of difficult words and for learning correct pronunciation. Thanks, once again for the lovely gift. With kind regards Your loving nephew Vinit |
|
| 32. |
Read the following lines and answer the questions set on it.Wishing me like to one more rich in hope, Featur’d like him, like him with freinds possess’d Desiring this man’s art, and that man’s scope, With what I most enjoy contented least;(i) What wish is granted?(ii) Who has possessed friends?(iii) Who is most contented? |
|
Answer» (i) One more rich in hope. (ii) The speaker. (iii) The speaker |
|
| 33. |
What was the justification for the formation of the POP? |
|
Answer» The ‘Progressive Organization Party’ (POP) was formed by the tribes down the coast to save themselves from total cultural, political, social and religious oppression and they wanted to preserve their own culture and sustain their religion. |
|
| 34. |
Read the following passage and answer the questions set on it.On 10 April, 1912, the largest and finest luxury ship in the world sailed from Southampton in England to New York. She was called the Titanic and it was her maiden voyage. She was crossing the Atlantic and was built with great care. The passengers talked and laughed. They were happy and proud because they were travelling in the best ship in the world. For four days the Titanic sailed smoothly. Then came 14 April.The night was cold, the sky was clear and the sea was calm. Time ticked on……. ten O’clock, eleven half-past eleven…….Eleven forty! On top of the ship, the man who kept watch suddenly saw an iceberg which stood right in the path of the Titanic. He telephoned the engine-room. Captain Smith and his crew fought hard to steer the ship away from the iceberg but its side scraped the ice berg and made big holes along the ship’s side, through which water began to pour into the engine room and lower decks. Captain Smith and his crew’ tried to stop it but they failed. They now’ knew that the Titanic was in great danger. Captain smith began to send radio signals at twelve-fifteen. ‘Help! Struck an Iceberg’.A ship called the California was only about 18 kilometers away, but she did not receive the Titanic signals. This was because her radio had been shut at 12 O’clock . The Titanic continued to send signals. At last, a small ship called the Carpathia heard the call, she changed course and sailed at full speed towards the Titanic, Meanwhile the Titanic was sinking rapidly. Then, at 2.20 A.M. on 15 April she vanished into the sea forever. About fifteen-hundred people including Captain Smith, went down with her.When the Carpathia reached the lifeboats it was 4 A.M. She was able to save only seven hundred people. The Titanic now lies deep down at the bottom of the ocean.(a) When did the Titanic begin its voyage? (b) What did people call the Titanic?(c) How did the people on board feel?(d) What did the man who kept watch notice at 11.40 P.M.?(e) Who tried to steer the ship away?(f) Why did water pour into the engine room? (g) What message did Capt. Smith give?(h) Why couldn’t California receive the radio signals?(i) How many people could Carpathia save? (j) Where is the Titanic n |
|
Answer» (a) 10 April 1912 (b) ‘The unsinkable ship’ (c) Comfortable (d) An Iceberg. (e) Captain Smith and his crew. (f) Big-holes were made along the ship’s side when it scraped the iceberg. (g) “Help struck an Iceberg”. (h) Her radio had been shut down at 12 O’clock. (i) Seven hundred people. (j) Deep down at the bottom of the ocean. |
|
| 35. |
You are Vishakha living in Bharatpur. You have won the first prize in the debate held in your school recently. Write a letter to your mother telling her about it. You may touch upon the following points :(i) When and where was the debate held?(ii) Number of participants.(iii) Topic of the debate.(iv) Prize received by you. |
|
Answer» 21 Raja Surajmal Hostel Dear Mummy, You will be glad to know that I won the first prize in the debate held in our school on 10 Jan.Twenty-one schools of the Bharatpur district participated in it. The topic of the debate was . In the opinion of the house ‘Girls and Boys should have equal rights’. I spoke in favour of the motion. I got a cycle as the first prize. With kind regards Your loving daughter Vishakha |
|
| 36. |
He was born on 13th May 1857, in Almora, Uttarakhand. At the age of 8, he was sent away to a boarding school in Southampton, England. In his school days he was very interested in writing poetry, painting and composing music. He was very dreamy and imaginative boy. In 1875, he went to study medicine at St Bartholomew’s Hospital in London. After completing his course in 1880, he joined Indian Medical Service and was posted to Madras. He died in 16th September 1932 after a long illness and severe asthma attack in Bath House, London. Who is he? |
|
Answer» Sir Ronald Ross. Nobel Prize Winner in Physiology for discovering malaria parasite in 1902. |
|
| 37. |
Who is the author of the book 'The Why-Why Girl'?1. Mahasweta Devi2. Ruskin Bond3. Enid Blyton4. Olivia Fraser |
||||||
|
Answer» Correct Answer - Option 1 : Mahasweta Devi The correct answer is Mahasweta Devi.
Other books by Mahasweta Devi :
|
|||||||
| 38. |
Children can show their number sense by_________ & ___________. |
|
Answer» Observing and Classifying |
|
| 39. |
___________ is an emotion for caring and concern for others. |
|
Answer» Empathy is an emotion for caring and concern for others. |
|
| 40. |
The process of consciously regulating our thoughts is termed as ____________ |
|
Answer» The process of consciously regulating our thoughts is termed as Self- Regulation |
|
| 41. |
Find the quadratic equation whose roots are double the roots of the quadratic equation 2x2 - 3x + 6 = 0. |
|
Answer» Let \(\alpha\) and \(\beta\) are roots of 2x2 - 3x + 6 = 0 \(\therefore\) Sum of roots = \(\alpha\) + \(\beta\) = \(\frac{-b}{a}\) = \(\frac{-(-3)}{2}=\frac32 \) & product of roots = \(\alpha\)\(\beta\) = \(\frac ca = \frac 62=3\) \(\therefore\) 2\(\alpha\) + 2\(\beta\) = 2(\(\alpha\) + \(\beta\)) = 2 x \(\frac32\) = 3 & 2\(\alpha\) x 2\(\beta\) = 4 \(\alpha\)\(\beta\) = 4 x 3 = 12 \(\therefore\) Quadratic equation whose roots are 2\(\alpha\) & 2\(\beta\) is x2 - (sum of roots)x + products of roots = 0 ⇒ x2 - (2\(\alpha\) + 2\(\beta\))x + 2\(\alpha\) x 2\(\beta\) = 0 ⇒ x2 - 3x + 12 = 0 Hence, required quadratic equation is x2 - 3x + 12 = 0 |
|
| 42. |
Which of the following is safer for RBI when lending to Banks? a) Loan Transaction b) Loan against collateral c) Repo /Reverse Repo transaction d) Cash / Stock Lending & Borrowing |
|
Answer» c) Repo /Reverse Repo transaction Repo /Reverse Repo transaction is safer for RBI when lending to Banks. |
|
| 43. |
National Action Plan on Climate Change is an action plan which includes different missions or plans within it for sustainable development. Name any two plans. |
|
Answer» National Mission for a Greener India/ National Mission on Sustainable Agriculture/ National Solar Mission/ National/Mission on Sustainable Habitats |
|
| 44. |
AML stands for _________. |
|
Answer» Anti-Money Laundering AML stands for Anti-Money Laundering. |
|
| 45. |
Write the expanded form of IDBI. |
|
Answer» IDBI – Industrial Development Bank of India Industrial Development Bank of India is the expanded form of IDBI. |
|
| 46. |
The date on which the payment of the bill is due is called due date and it is calculated by adding ________ to the period of bill called days of grace. |
|
Answer» 3 days The date on which the payment of the bill is due is called due date and it is calculated by adding 3 days to the period of bill called days of grace. |
|
| 47. |
The basic function of a bank is to accept ________ and give out loans. |
|
Answer» Deposits The basic function of a bank is to accept Deposits and give out loans. |
|
| 48. |
_______is the minimum interest rate of a Bank below which it cannot lend, except in cases allowed by RBI. |
|
Answer» Base Rate Base Rate is the minimum interest rate of a Bank below which it cannot lend, except in cases allowed by RBI. |
|
| 49. |
Minimum interest rate of a Bank below which it cannot lend, except in cases allowed by RBI is known as? a) Bank Rate b) Prime Lending Rate c) Repo Rate d) Base Rate |
|
Answer» Correct option: d) Base Rate |
|
| 50. |
Appointment of District Judges in a State shall be made by the(a) Governor of the State(b) Governor of the State in consultation with the High Court of the State(c) State Public Service Commission(d) State Chief Secretary |
|
Answer» Appointment of District Judges in a State shall be made by the Governor of the State in consultation with the High Court of the State |
|