Practice Question and Answer
8 Q: A cloth merchant sold half of his cloth at 20 % profit, half of the remaining cloth at 20 % loss and the rest was sold at its cost price. In the total transaction, his gain or loss will be
2364 05d8c92eb83050426e7abfd4d
5d8c92eb83050426e7abfd4d- 15% profittrue
- 2Neither loss nor gainfalse
- 35% lossfalse
- 410%false
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Answer : 1. "5% profit "
Q:Directions : Which of the phrases (A), (B), (C) and (D) given below should replace the phrase given in bold in the following sentence to make the sentence grammatically meaningful and correct. If the sentence is correct as it is and 'No correction is required', mark (E) as the answer.
Last week the committee summarily rejected their proposal for acquisition of the investment bank.
2364 05dfb1dd61d67d356b4b86896
5dfb1dd61d67d356b4b86896- 1have rejected in summaryfalse
- 2summarily rejectfalse
- 3is rejected summarilyfalse
- 4were summarily rejectedfalse
- 5No correction requiredtrue
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Answer : 5. "No correction required"
Q: Who has been elected the President of Institute of Chartered Accountants of India for 2020-21?
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5e4cf802cd7ff531f2d74fb2- 1Nihar Niranjan Jambusariafalse
- 2Atul Kumar Guptatrue
- 3Nilesh Shivji Vikamseyfalse
- 4M. Devaraja Reddyfalse
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Answer : 2. "Atul Kumar Gupta"
Q:Directions : In each of the questions below are given four statements followed by three conclusions numbered I, II, and III. You have to take the given statements to be true even if they seem to be at variance from commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.
Statements:
No grass is flower.
All flower are trees.
Conclusions:
I. Some trees are flowers.
II. Some trees are grasses.
III. No tree is a grass.
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5efc2b73eb90be58c58f4d39- 1Only Conclusion I followsfalse
- 2Either Conclusion II or III followsfalse
- 3Either conclusions II or III, and I followtrue
- 4Only Conclusion III followsfalse
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Answer : 3. "Either conclusions II or III, and I follow"
Q: The product of the two numbers is 1500 and their HCF is 10. The number of such possible pairs is/are:
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6492dd65dad6f2e01f55de0b- 11false
- 23false
- 34false
- 42true
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Answer : 4. "2"
Q: Who is known as the Second Law Officer of India? 2363 05b5cc6a4e4d2b4197774cc41
5b5cc6a4e4d2b4197774cc41- 1Chief justice of Indiafalse
- 2Law minister of Indiafalse
- 3Attorney general of Indiafalse
- 4Solicitor general of Indiatrue
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Answer : 4. "Solicitor general of India"
Explanation :
Answer: D) Solicitor general of India Explanation: The Solicitor General of India is the second law officer of the country. The Solicitor General of India is below the Attorney General for India, who is the Indian government's chief legal advisor, and its primary lawyer in the Supreme Court of India. The Solicitor General of India is appointed for the period of 3 years. He assists the Attorney General and is himself assisted by several Additional Solicitors General of India.
Q: What is the Debit Balance recovery? How we can recover if we won’t have any future transactions from supplier ? 2363 05b5cc6d8e4d2b4197774e77e
5b5cc6d8e4d2b4197774e77e- Show AnswerHide Answer
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Answer :
Explanation :
The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him. When payment is made to the wrong vendor or payment made in excess, in that case overpayment has gone to the vendor, so for us it is vendor debit balance. For debit balance recovery, we can either follow- up with the vendor to send us the excess amount / refund back, or we can adjust that extra amount in future invoices submitted by that vendor. In case no future transactions, we have to follow-up with the vendor, failing which we have to write off this amount.
Q: The terms 'WannaCry, Petya and EternalBlue' sometimes mentioned in the news recently are related to -
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5d81e363a08f7a40804bf665- 1Exoplanetsfalse
- 2Cryptocurrencyfalse
- 3Cyber attackstrue
- 4Mini satellitesfalse
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