Account and Finance Questions Practice Question and Answer
4 4 Q:
65115a30af64a2609c5e08a4 Answer : 1. "Production Method "
4 Q:
651158f156a7b2508cb0de7d Answer : 2. "Ratio less than 1"
4 Q:
6512a4d2af64a2609c621ce1 Answer : 3. "A teacher teaching his own daughter at home"
4 Q:
6511562110a18f5082fb17d4 Answer : 3. "Intermediate Consumption"
Q: The Census of Indian agriculture is done by–
225 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.
Q: When increase in income the increase in ratio between income & expenditure changes–
214 0651158f156a7b2508cb0de7d
651158f156a7b2508cb0de7d- 1In same ratiofalse
- 2Ratio less than 1true
- 3Ratio more than onefalse
- 4Nonefalse
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Answer : 2. "Ratio less than 1"
Explanation :
Expl:- When increase in income the increase in ratio between income & expenditure changes Ratio less than 1
Q: Which of the following would not constitute an economic activity in Economics?
210 06512a4d2af64a2609c621ce1
6512a4d2af64a2609c621ce1- 1A teacher teaching students in his collegefalse
- 2A teacher teaching students in a coaching institutefalse
- 3A teacher teaching his own daughter at hometrue
- 4A teacher teaching students under Sarva Shiksha Abhiyan Schemefalse
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Answer : 3. "A teacher teaching his own daughter at home"
Explanation :
A teacher who is teaching his own daughter is not a part of economic activity as the imputed value of such activities can not be calculated.
Q: The Expenditure on advertisement and public relation by an enterprise is a part of its-
208 06511562110a18f5082fb17d4
6511562110a18f5082fb17d4- 1Consumption of fined capitalfalse
- 2Final consumption Expenditurefalse
- 3Intermediate Consumptiontrue
- 4Fined Capitalfalse
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Answer : 3. "Intermediate Consumption"
Explanation :
The Advertisement and public relations of selling expenses are part of intermediate consumption.
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