Explore topic-wise InterviewSolutions in Current Affairs.

This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.

1.

If a firm's production department data says that the total variable cost for producing 8 units and 10 units of output is Rs.2,500 and Rs.3,000 respectively, marginal cost of 10th unit will be:(a) Rs.100(b) Rs.150(c) Rs.500(d) Rs.250

Answer»

The correct answer is (d) Rs.250

2.

What does stock imply ? 

Answer»

Stock of a commodity refers to the total quantity of a commodity which at any point of time a seller can make available for sale in the market.

3.

When total product increases at an increasing rate, what happens to marginal product?

Answer»

Marginal Product should be increasing.

4.

At what point MC curve cuts AC curve?

Answer»

MC curve cuts AC curve at its lowest point.

5.

What is supply curve ?

Answer»

It is the graphic presentation of quantity supplied of a product showing that higher the price, the greater is the quantity supplied and vice-versa.

6.

Simplest acid is A) Ethanoic acid B) Methanoic acid C) Propanoic acid D) Butanoic acid

Answer»

B) Methanoic acid

7.

Can total production and average production become zero or negative?

Answer»

TP and AP can never be zero or negative.

8.

What is the general shape of MC curve?

Answer»

MC curve is generally U shaped.

9.

The number of orbitals present in a given shell is …………A) n B) n2 C) 2n2 D) 2l + 1

Answer»

Correct option is  B) n2 

10.

What is supply schedule ?

Answer»

A supply schedule is a tabular statement that gives a full account of supply of a particular commodity at different prices at a point of time in a specific market. 

11.

What is meant by average physical product ?

Answer»

APP is production per unit of the variable factor. 

APP = TPP/L

12.

Simplest ketone is A) CH3COCHg B) CH3COCH2CH3 c) CH3COCH2CH2CH3 D) CH3CH2CHO

Answer»

Correct option is  A) CH3COCHg 

13.

What is the general shape of MPP curve?

Answer»

It is the 'inverse U-Shaped' curve.

14.

How is the TPP derived from MPP schedule ?

Answer»

By adding up marginal physical product of various units of a variable factor. 

TPP = Σ MPP.

15.

 As per latest guidelines governing the servicing of debentures a company is required to create on special account. Name that account. 

Answer»

Debenture Redemption Reserve Account.

16.

IUPAC name of A) chloro butane B) 2 – chloro butane C) 2, 3 – chloro butane D) 2, 3 – dichloro butane

Answer»

D) 2, 3 – dichloro butane

17.

When l = 3 the maximum number of electrons that can occupy in the corresponding sub shell is …………… A) 2 B) 6 C) 10 D) 14

Answer»

Correct option is  D) 14

18.

Write the structure and common name of 1. Ethoxy benzene 2. Phenoxy benzene

Answer»

1. C6H5 – O – CH2 – CH3 : Ethoxy benzene (or) Phenetole (or) Ethyl phenyl ether 

2. C6H5 – O – C6H5 : Phenoxy benzene (or) Diphenyl ether (or) Phenyl ether

19.

What is principal quantum number (n)?

Answer»

Principal Quantum Number (n): The quantum number which explains the size and energy of orbitals is called principal quantum number.

20.

Find the odd one. A) Principal quantum number – n B) Angular momentum quantum number – l C) Magnetic quantum number – m D) Spin quantum number – k

Answer»

D) Spin quantum number – k

21.

What is angular momentum quantum number (l)?

Answer»

Angular Momentum Quantum Number (l): The quantum number which defines the shape of the orbital occupied by the electron and the orbital angular momentum of the electron in motion (m).

22.

One of the following is not a type of Exercise (a) General or Specific (b) Formal or Informal (c) Individual or Community (d) Free or controlled

Answer»

(d) Free or controlled

23.

The momentum of a 6.0 kg bowling ball with a velocity of 3 m/s A) 6 kg m/s2 B) 18 kg m/s2C) 2 kg m/s2D) 180 kg m/s2

Answer»

B) 18 kg m/s2

24.

Good health is every individual’s (a) Wealth (b) Misery (c) Sorrow(d) Sickness

Answer»

Correct Answer is: (a) Wealth

25.

Which of the following has more inertia ? A) 8 kg stone B) 25 kg stoneC) 80 kg stone D) All are equal

Answer»

C) 80 kg stone

26.

Write how the Flag drill is done by stating only four exercises.

Answer»

Flag Drill-Position : Hold both the flags with hands keeping them straight in front with bend at elbows and arms touching the body. Remain in the position of attention.

Exercise No. 1 

1. Stretch left arm in front and bring forward left foot. 

2. Move left arm to the left and left foot to the left. 

3. Repeat step No. 1 

4. Return to the original position. 

5. Repeat the same exercise with the right arm and right leg.

Continue to the 8 set or 16 set.

Exercise No. 2

1. Stretch both the arms in front. 

2. Raise both the arms above the shoulders and stand on toes. 

3. Bring both the arms in front and lower the heels. 

4. Return to the originate position and continue to the count to 16 set.

Exercise No. 3 

1. Stretch left arm in front. 

2. Raise left leg up bent at the knee and raise left arm above the head. 

3. Lower the leg and stretch arm in front. 

4. Return to the original position. 

5. Repeat the process with right arm and right leg and continue the whole process to the count of 16 set.

Exercise No. 4 

1. Cross both the arms above the head and cross both the legs moving right leg over the,left. 

2. Return to the original position. 

3. Cross right arm over the left arm over the head and cross left leg over right leg. 

4. Return to the original position and continue to the count of 16 set.

27.

Why is it necessary to include Exercises in the school curriculum?

Answer»

Exercises help the students. 

1. To activate and energise the body system and organs. 

2. To strengthen muscles and make the joints flexible. 

3. To make them look attractive and alert.

28.

Classify exercises on the basis of their purpose.

Answer»

On the basis of their purposes, exercises can be divided as follows : 

1. Body-building exercises 

2. Demonstrative exercises for specific occasions. 

3. Exercises for specific organs of the body.

29.

Give any two differences between trading organisations and non-trading organisations.

Answer»
Base of DifferenceTrade OrganisationsNon-Trade Organisations
Distribution of profitProfit or loss is distributed among the owner of the business.Surplus or deficit is not distributed among its members. It is adjusted in capital fund.
Surplus v/s ProfitThe net result shown by profit and loss account is either net profit or net loss.The net result shown by Income and expenditure account either surplus or deficit.

30.

If opening sports funds is Rs 2,00,000. It is invested separately @ 8% p.a. interest. Expenses made Rs 15,000 during the year on sports tournament which amount of sports fund shown in the balance sheet at the end of the year :(a) Rs 2,01,000(b) Rs 1,99,000(c) Rs 1,85,000(d) Rs 2,16,000

Answer»

(a) Rs 2,01,000

31.

In receipts and payments account,……items are shown.(a) capital(b) revenue(c) capital and revenue(d) None of these

Answer»

(c) capital and revenue

32.

Income and expenditure account is prepared on the basis of (a) accrual concept (b) cash concept (c) single entry concept (d) none of these

Answer»

(a) accrual concept

33.

What accounting treatment is made for life membership fees, when income and expenditure account is prepared?

Answer»

Life membership fees will shown in liabilities side of balance sheet. Because it is a capital nature receipt.

34.

Explain with illustration the method to prepare Income & Expenditure Account from Receipts & Payments A/c and other information.

Answer»

Income and Expenditure Account: Income and Expenditure Account is a nominal account. It is prepared to depict the result of not for profit organisation during an accounting period. The principles of preparation of profit and loss account applies for the preparation of income and expenditure account as well. It is prepared on accrual basis of accounting based on principle of matching concept i.e., adjustments relating to outstanding expenses, prepaid expenses, accrued income, income received in advance and depreciation are made. Incomes are shown on the credit side while expenses are shown on the debit side. There is no opening balance in income and expenditure account but the closing balance reveals surplus if there is an excess of income over expenditure and reveals deficit if there is an excess of expenditure over income.

Thus, it can be said that income and expenditure account serves the same purpose for a not for profit organisation which is served by profit and loss account for a profit earning organisation.

Steps in the Preparation of Income and Expenditure Account
Following steps may by helpful in preparing an income and expenditure account from a given receipts and payments account:

  • Pursue the receipts and payments account thoroughly.
  • Exclude the opening and closing balances of cash and bank as they are not an income.
  • Exclude the capital receipts and capital payments as these are to be shown in the balance sheet.
  • Consider only the revenue receipts to be shown on the income side of income and expenditure account. Some of these needs to be adjusted by excluding the amounts relating to the preceding and the succeeding periods and including the amounts relating to the current year not yet received.
  • Take the revenue expenses to the expenditure side of the income and expenditure account with due adjustments as per the additional information provided relating to the amounts received in advance and these not yet received.
  • Consider the following items not appearing in the receipts and payments account that need to be taken into account for determining the surplus/deficit for the current year.
    (a) Depreciation on fixed assets
    (b) Provision for doubtful debts if required
    (c) Profit or loss on sale of fixed assets.
35.

Write any two differences between receipts and payments account and cash book.

Answer»
Base of DifferenceReceipts & Payments A/cCash Book
BasisIt is prepared on the basis of cash book.It is prepared on the basis of each cash receipt and cash payment.
PeriodIt is prepared at the end of accounting year. In other words, it is a summary of cash book.It is prepared on daily basis.

36.

Where the life membership fees will be shown in income and expenditure account and in balance sheet?(a) in debit side of income and expenditure(b) in assets side of balance sheet(c) in credit side of income and expenditure(d) in liabilities side of balance sheet

Answer»

(c) in credit side of income and expenditure

37.

List any two features of an income and expenditure account.

Answer»
  • Only revenue nature receipts and payment are shown in it related financial year.
  • It is a nominal account rules is followed while preparing it “Debit all expenses and losses and credit all income and gains”.
38.

From the following information, calculate the amount of outstanding subscription which is shown in closing balance sheet: Opening outstanding subscription Rs 10,000, subscription received during the year Rs 20,000, in which opening outstanding subscription received Rs 6,000 and advance subscription Rs 7,000 is included. There are 50 members, each pays Rs 400 annual subscription.(a) Rs 20,000(b) Rs 21,000(c) Rs 17,000(d) Rs 13,000

Answer»

(d) Rs 13,000

39.

How will you treat sale of an asset while preparing income and expenditure account and closing balance sheet?

Answer»

At the preparing of Income & Expenditure Account depreciation and profit/loss on it at the sale of asset will be shown in Income & Expenditure Account and preparing balance sheet in opening balance of asset by adding value of purchasing asset will be deducted from the selling value of asset.

40.

What is the difference between mN, Nm and nm?

Answer»

mN means milli newton, 1 mN = 10-3 N. 

Nm means Newton-metre. 

nm means nanometer, 1nm = 10-9 m.

41.

What is the difference between mN, Nm and nm ?

Answer»

mN means milli newton, 1 mN = 10–3 N, Nm means Newton meter, nm means nano meter.

42.

What is the difference between mN, Nm and nm?

Answer»

mN means milli newton, 1 mN = 10-3 N, Nm means Newton meter, nm means nano meter.

43.

Fill in the blanksa. 1 nm = ….. mb. 1 km = …….cmc. 1000g = …….kgd. one light year = …… kme. 60 sec = …… minute

Answer»

a. 1 nm = 10-9 m

b. 1 km = 105

c. 1000g = 1kg

d. one light year = 365 × 24 × 60 × 60 × 105 km

e. 60 sec = 1 minute

44.

Calculate how many seconds in a solar day.

Answer»

Answer is 24 × 60 × 60s

45.

a. What is the basic unit of time? b. What do you mean by one Solar day? c. How much time earth will take to revolve once around the sun?

Answer»

a. Second 

b. A day or a solar day is the time period from one noon to the next noon. 

c. One year (365 days)

46.

Name the basic forces in nature.

Answer»

Basic forces in nature are, 

1. Gravitational force 

2. Electromagnetic force 

3. Nuclear force and 

4. Weak force

47.

Find force on a body if change in momentum of a body is 20 kg ms-1 over 5 seconds.

Answer»

Force is the rate of change of momentum

F = \(\frac {Δ (momentum)}{t} = \frac {20 kg ms^{-1}}{5s}4N\).

48.

Define Precision.

Answer»

It describes the limitation of a measuring instrument.

49.

Find out the given word pair relation; and fill in the blanks. a. Length : m ; Volume :……… b. Displacement : m ; Acceleration:……..

Answer»

a. m3

b. m/s2

50.

State the 4 basic forces of nature.

Answer»

1. Gravitational force 

2. Elector magnetic force 

3. Strong nuclear force 

4. Weak nuclear force.