1. Comprehension Study the following information carefully and answer the questions given beside.
In a certain code language,
‘Reach Is For Stars’ is written as ‘surdmolp’
‘Nothing Is Out Of Reach’ is written as ‘ka su hu lklp’
‘For Love Of Life’ is written as ‘lkmo go ma’
‘Nothing Like Life Is’ is written as ‘lp go hu ne’
Question Description Which of the following is the code for ‘Love Nothing’ in the given code language?
A lp go
B mo ne
C ma hu
D lk go
E None of the above
2. Comprehension Study the following information carefully and answer the questions given beside.
In a certain code language,
‘Reach Is For Stars’ is written as ‘surdmolp’
‘Nothing Is Out Of Reach’ is written as ‘ka su hu lklp’
‘For Love Of Life’ is written as ‘lkmo go ma’
‘Nothing Like Life Is’ is written as ‘lp go hu ne’
Question Description What does the code ‘ka’ stand for in the given code language?
A Nothing
B Is
C Of
D Reach
E None of the above
3. Comprehension Study the following information carefully and answer the questions given beside.
In a certain code language,
‘Reach Is For Stars’ is written as ‘surdmolp’
‘Nothing Is Out Of Reach’ is written as ‘ka su hu lklp’
‘For Love Of Life’ is written as ‘lkmo go ma’
‘Nothing Like Life Is’ is written as ‘lp go hu ne’
Question Description What does the code ‘ne’ stand for in the given code language?
A Nothing
B Like
C Life
D Is
E None of the above
Correct Answer
4. Comprehension In a family there are two couples, two son and one daughter.
C is the grandfather of S.
S is the son of M.
K is the grandmother of P and is the wife of C.
P is the daughter of Q.
Question Description How is P related to K?
A Grandson
B Son
C Granddaughter
D Daughter
E None of the above
5. Comprehension In a family there are two couples, two son and one daughter.
C is the grandfather of S.
S is the son of M.
K is the grandmother of P and is the wife of C.
P is the daughter of Q.
Question Description Which of the following is a pair of couple?
A MQ
B CP
C SP
D KQ
E None of the above
6. Comprehension Refer to the following data and answer the following questions.
It is a game based on the position you take in a clock. You are at the 1 O’clock position. You can move one-step clockwise, 1 step anti clockwise or to a place that is diametrically opposite yours. For example, from 1 O’clock if you move clockwise you will be at 2 O’clock. As you start the game, you are at 1 O’clock position and your score is 1. If you move a step clockwise, add the value of the time in that position to your score to give you the new score. If you move a step anticlockwise, add the value of the time in that position and subtract 2 from your score. If you move a step diametrically opposite, add the value of the time in that position to your
score and subtract 4 from your score to get the new score. You cannot get back to a position that you have already visited.
Question Description What will be your minimum score after the third move?
A 10
B 7
C 11
D 12
E None of the above
7. Comprehension Refer to the following data and answer the following questions.
It is a game based on the position you take in a clock. You are at the 1 O’clock position. You can move one-step clockwise, 1 step anti clockwise or to a place that is diametrically opposite yours. For example, from 1 O’clock if you move clockwise you will be at 2 O’clock. As you start the game, you are at 1 O’clock position and your score is 1. If you move a step clockwise, add the value of the time in that position to your score to give you the new score. If you move a step anticlockwise, add the value of the time in that position and subtract 2 from your score. If you move a step diametrically opposite, add the value of the time in that position to your
score and subtract 4 from your score to get the new score. You cannot get back to a position that you have already visited.
Question Description What will be your maximum score after the second move?
A 16
B 18
C 20
D 24
E None of the above
8. Comprehension Refer to the following data and answer the following questions.
It is a game based on the position you take in a clock. You are at the 1 O’clock position. You can move one-step clockwise, 1 step anti clockwise or to a place that is diametrically opposite yours. For example, from 1 O’clock if you move clockwise you will be at 2 O’clock. As you start the game, you are at 1 O’clock position and your score is 1. If you move a step clockwise, add the value of the time in that position to your score to give you the new score. If you move a step anticlockwise, add the value of the time in that position and subtract 2 from your score. If you move a step diametrically opposite, add the value of the time in that position to your
score and subtract 4 from your score to get the new score. You cannot get back to a position that you have already visited.
Question Description If you had moved a step anticlockwise in the first move, you could not have reached one of the following positions in the third move.
A 10 O’clock
B 5 O’clock
C 7 O’clock
D 6 O’clock
E None of the above
9. Question Description Which of the following constitutes Foreign Direct Investment?
A A speculator trying to make a profit
by buying company shares on a
foreign stock exchange.
B A UK energy company
buying territory abroad
where it expects to find oil
reserves.
C A tourist purchasing foreign
currency to spend on a holiday
abroad.
D A company signing an agreement
with a wholesaler to distribute its
products in foreign markets.
E None of the above
10. Question Description Analysing the business environment best assists in
A Identifying key competitive
forces; identifying competitive
position; identifying key
opportunities, threats,
strengths and weaknesses.
B Auditing macro environmental
influences; identifying key
competitive forces; identifying
competitiveposition; identifying
key opportunities and threats.
C Auditing external and
organisational factors;
identifying key competitive
forces; identifying competitive
position; identifying key
opportunities and threats.
D Assessing historical trends;
auditing environmental
dangers; identifying strategic
capabilities; identifying
competitive position.
E None of the above
11. Question Description ABC Ltd., an Indian company, receives dividend of Rs.10 lakhs from its subsidiary company XYZ Ltd., also an Indian company in January, 2022. It also receives dividend of Rs. 8 lakhs in February, 2022 from MNC Inc., a foreign company, in which it holds 25% shareholding. ABC Ltd. declares dividend of Rs.20 lakhs in April, 2022 for the F.Y.2021 - 22. What is the deduction available to ABC Ltd. under section 80M for A.Y 2022-23?
A Rs 8 Lakhs
B Rs 10 Lakhs
C Rs 18 Lakhs
D Rs 20 Lakhs
E None of the above
12. Question Description Which of the following statement is correct in regards to pricing?
1. Price skimming relies on high
upfront price to maximize
short-term profits.
2. Penetration price relies on low
upfront price to attract
customers. Select the correct
answers from the codes given
below:
A 1 only
B 2 Only
C Both 1 and 2
D Neither 1 or 2
E None of the above
13. Question Description Mr. Lal, a registered person under GST, was the proprietor of M/S Spiceton Restaurant. He died and left behind his wife and son, on 15 August. His son – Mr. Pal – wants to continue the business of the deceased father.
The GST consultant of M/S Spiceton Restaurant gives advice to Mr. Pal as to how he can continue the business of his
deceased father.
Which of the following options is correct in accordance with the provisions of GST Law?
A Mr. Pal should apply for a
new registration under GST in
the name M/S Spiceton
Restaurant under his own PAN
w.e.f the date of succession and
file Form GST 02 for transfer of
ITC to the new entity.
B Mr. Pal can get the authorised
signatory changed by
approaching to the Proper
Officer and can continue the
same business.
C Mr.Pal should close the old firm
and start new business under
different name.
D Mr.Pal should do the
business with his mother
as the new proprietor of the
M/S Spiceton Restaurant, and
Mr.Pal should act as a Manager.
E None of the above
14. Question Description ABC Ltd., an Indian company engaged in manufacture of steel, has incurred expenditure on advertisement in a souvenir of a political party. Which of the following statements are correct?
A Such expenditure is allowable as
deduction while computing its
business income.
B Such expenditure is not allowable
as deduction while computing its
total income.
C Such expenditure is not
allowable as deduction while
computing its business income
but is allowable as deduction
from gross total income.
D Such expenditure is neither
allowable as deduction from
business income nor allowable as
deduction from gross total
income.
E None of the above
15. Question Description Select the correct code of the following statements being correct or incorrect
I Statement (I): A Global Depositary
Receipt (GDR) is a bank certificate
issued in more than one country
for shares in a foreign company.
II. Statement (II) : A GDR is very
similar to American Depositary
Receipt (ADR)
III. Statement (III): GDRs are called
EDRs when private markets are
attempting to obtain Euros.
Code:
A Statements (I), (II) and (III) are
correct.
B Statements (I) and (II) are
correct but (III) is incorrect
C Statements (I) and (III) are
correct but (II) is incorrect
D Statements (II) and (III) are correct
but (I) is incorrect.
E None of the above
16. Question Description If the sales and P/V ratio of a firm is Rs. 1000 and 80% respectively and the amount of interest paid is Rs. 400, then the operating leverage of the firm is :
A 4
B 3
C 2
D 5
E None of the above
17. Question Description Which of the following is not true about ADR?
A An ADR is a U.S. dollar
denominated form of equity
ownership in a non-U.S.
company.
B ADRs may be used in public or
private markets inside or
outside US.
C ADRs do not eliminate the
currency risk associated with an
investment in a non-U.S.
company.
D ADR represents the foreign
shares of the company held on
deposit by a custodian bank in
the company’s home country.
E None of the above
18. Question Description The observed times (in minutes) it takes a runner to complete a marathon are normally distributed. The z-score for his running time this week is –2. Which one of the following statements is a correct interpretation of his z-score?
A This week his time was two minutes lower than his time last week.
B This week his time was two minutes lower than his best time ever.
C This week his time was two minutes lower than his average time.
D This week his time was two standard deviations lower than his average time.
E None of the above
