Account and Finance Questions Practice Question and Answer
4 4 Q:
6511585710a18f5082fb1e12 Answer : 2. "Income earned from abroad"
4 Q:
6512a7a7af64a2609c622020 Answer : 4. "Total receipts over total expenditure."
4 Q:
651157c956a7b2508cb0dc7d Answer : 1. "Undistributed profits"
4 Q:
65115a30af64a2609c5e08a4 Answer : 1. "Production Method "
Q: The Income of Indians working abroad is-
809 06511585710a18f5082fb1e12
6511585710a18f5082fb1e12- 1Domestic Income of Indiafalse
- 2Income earned from abroadtrue
- 3Net domestic product of Indiafalse
- 4Grave domestic product of India.false
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Answer : 2. "Income earned from abroad"
Explanation :
Expl:- NDPmp + NFIA = NNPmp
GDPmp + NFIA + GNPmp
Q: Gross Profit means–
798 06512a7a7af64a2609c622020
6512a7a7af64a2609c622020- 1Total investment over total savingsfalse
- 2Changes in methods of productionfalse
- 3Changes in the form of business organisationfalse
- 4Total receipts over total expenditure.true
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Answer : 4. "Total receipts over total expenditure."
Explanation :
Gross profit = Net sales (total receipts) - Cost of goods sold (total expenditure)
In other words it is the total receipt over total cost.
Q: Which of the following represents the saving of the Private Corporate Sector?
767 0651157c956a7b2508cb0dc7d
651157c956a7b2508cb0dc7d- 1Undistributed profitstrue
- 2Excess of income over expenditurefalse
- 3Dividends paid to shareholdersfalse
- 4Total profit of a companyfalse
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Answer : 1. "Undistributed profits"
Explanation :
For private corporate sector, retained profits adjusted for non operating surplus/deficit is considered as net saving
Q: The Census of Indian agriculture is done by–
751 065115a30af64a2609c5e08a4
65115a30af64a2609c5e08a4- 1Production Methodtrue
- 2Income Methodfalse
- 3Expenditure Methodfalse
- 4Consumption Methodfalse
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Answer : 1. "Production Method "
Explanation :
Under the consideration of India economy, census of agriculture, is done by production method.
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