Question : Which of the following statements is true?

Option 1: Cash Flow Statement shows inflows and outflows of Cash and Cash Equivalents.

Option 2: Cash Flow Statement gives information about sources and applications of Cash and Cash Equivalents for a specific period.

Option 3: It helps in planning investments and assessing the financial requirements of the enterprise.

Option 4: All of the above

Question : When did Linus Carl Pauling receive the Nobel Prize in Chemistry for his research into the nature of the chemical bond and its applications to the elucidation of the structure of complex substances'?

Option 1: 1954

Option 2: 1950

Option 3: 1956

Option 4: 1958

Question : Y Ltd. invited applications for issuing 500, 12% debentures of Rs.100 each at a discount of 5%. These debentures were redeemable after three years at par. Applications for 600 debentures were received. Pro-rata allotment was made to all the applicants assuming that the whole amount was payable with application.

Question:-  When application money is received, Bank Account will be debited by ________.

Option 1: Rs. 60,000

Option 2: Rs. 57,500
 

Option 3: Rs. 57,000

Option 4: Rs. 58,500

Question : A company invited applications for 50,000 Equity Shares of Rs. 10 each payable as follows:

On application Rs. 3; on allotment Rs. 3; on first and final call Rs. 4.

Applications were received for 1,10,000 shares. It was decided

(i) to refuse allotment to the applicants for 10,000 shares,

(ii) to allot 50% to X who has applied for 20,000 shares,

(iii) to allot in full to Y who has applied for 10,000 shares,

(iv) to allot balance of the available shares on pro-rata basis among the other applicants, and

(v) to utilise excess application money in part payment of allotment and final call.

Question:-  Amount received on allotment is:

Option 1: Rs. 60,000

Option 2: Rs. 40,000

Option 3: Rs. 30,000

Option 4: Rs. 15,000

Question : What is/are the applications of computerised accounting systems?

Option 1: To maintain Accounting Record of large organisations is Possible

Option 2: Separate Payroll Accounting is Possible

Option 3: Automation of All Financial Accounts

Option 4: All of the above

Question : XYZ  Ltd. invited applications for issuing 1,00,000 equity shares of  Rs. 10 each at par. The amount was payable as follows:

On Application— Rs. 3 per share;

On Allotment— Rs. 4 per share; and

On First and Final Call— Rs. 3 per share.

The issue was oversubscribed by three times. Applications for 20% shares were rejected and the money refunded. Allotment was made to the remaining applicants as follows:

Excess money received with applications was adjusted towards sums due on allotment and first and final call. All calls were made and were duly received except the final call by a shareholder belonging to Category I who has applied for 320 shares. His shares were forfeited. The forfeited shares were reissued at  Rs. 15 per share fully paid-up.

Question:- What is the amount to be transferred to Capital Reserve?

Option 1: Rs.1,120

Option 2: Rs.1,920

Option 3: Rs.800

Option 4: None of the above 

Question : A company invited applications for 50,000 Equity Shares of Rs. 10 each payable as follows:

On application Rs. 3; on allotment Rs. 3; on first and final call Rs. 4.

Applications were received for 1,10,000 shares. It was decided

(i) to refuse allotment to the applicants for 10,000 shares,

(ii) to allot 50% to X who has applied for 20,000 shares,

(iii) to allot in full to Y who has applied for 10,000 shares,

(iv) to allot balance of the available shares on pro-rata basis among the other applicants, and

(v) to utilise excess application money in part payment of allotment and final call.

Question:-  Amount received on allotment is:

Option 1: Rs. 60,000

Option 2: Rs. 40,000

Option 3: Rs. 30,000

Option 4: Rs. 15,000

Question : To provide employment to the youth and to develop Baramula district of Jammu and Kashmir, Jyoti Power Ltd. decided to set up a power plant. For raising funds the company decided to issue 8,50,000 equity shares of  Rs. 10 each at a premium of  Rs. 3 per share. The whole amount was payable on application. Applications for Rs. 20,00,000 shares were received. Applications for 3,00,000 shares were rejected and shares were allotted to the remaining applicants on a pro-rata basis.

Question:- Calculate the amount of share capital that will be credited by:

Option 1: Rs. 85,00,000

Option 2: Rs. 99,50,000

Option 3: Rs. 1,10,50,000

Option 4: Rs. 2,60,00,000

Question :  

 In the following passage, some blanks are given and against each blank five alternative words are suggested. Choose the correct alternative to complete the passage in a meaningful way.

Meanwhile in technical ________________ (1) the “Cloud” may be called as the combination of computing resources over a network, popularly, “Cloud” has come to mark and encompass the complete range of sructures that make online activity possible, from facebook to netflix to Google Drive. Like a fluffly ________________ (2) moving across a wide and clear blue sky, not forming a particular shape or form, the Cloud of the digital is elusive, its internal working seems complex to the public, an example of what MIT cybernetician Norbert Weiner once called a “black box.” But like the clouds above us, however shapelss or ________________ (3) they may seem to be, are in fact made of matter, the Cloud of the digital is also perpetually material.

To get at the matter of the Cloud we must ________________ (4) the coils of coaxial cables, fiber optic tubes, cellular towers, air conditioners, power distribution units, transformers, water pipes, computer servers, and more.  We must be aware of its  material flow of electricity, water, air, heat, metals, minerals, and all the earth elements that ________________ (5) our digital lives. By this we can say that cloud is not only material but is also an ecologicak force. As it continues to ________________ (6), its impact on the environment is also increasing, even as entire workforce from engineers to technicians, and executives behind its formation aspire to balance profitability with sustainability.

Nowhere is this ________________ (7) more visible than in the walls of the infrastructures where the content of the Cloud lives: the factory-libraries where data is stored and computational power is pooled to keep our cloud applications ________________ (8).

Q. Choose the correct alternative for blank 3

Option 1: Spangle

Option 2: Clandestine

Option 3:  Ethereal
 

Option 4:  Despoil