NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 124 - 125 of 1426

Access detailed explanations (illustrated with images and videos) to 1426 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. Unlimited Access for Unlimited Time!

View Sample Explanation or View Features.

Rs. 600.00 or

How to register?

Question number: 124

» Financial and Management Accounting » Basic Accounting Concept

Edit

Appeared in Year: 2017

Match List-Ⅰ List-Ⅱ▾

Question

Match the items of List-I with items of List-II and indicate the code of correct matching. (January Paper 2)

List-Ⅰ (Group I)List-Ⅱ (Group II)

(A)

Principle of Money Measurement

(i)

Valuing Plant and Machinery at cost less depreciation.

(B)

Principle of Separate Entity

(ii)

Capital contributed by proprietor is shown as liability in Balance Sheet.

(C)

Principle of Conservatism

(iii)

Valuing inventories at cost or market price whichever is less.

(D)

Historical cost concept

(iv)

Recording punctuality and honesty of employees of an organization.

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (i)
  • (ii)
  • (iv)
  • (iii)

b.

  • (iv)
  • (i)
  • (iii)
  • (ii)

c.

  • (iv)
  • (ii)
  • (iii)
  • (i)

d.

  • (ii)
  • (i)
  • (iv)
  • (iii)

Question number: 125

» International Business » India and WTO

Edit

Appeared in Year: 2017

MCQ▾

Question

Statement I: TRIMS agreement refers to conditions or restrictions imposed on foreign investors.

Statement II: TRIMS agreement specifically forbids imposing restrictions on operations of an enterprise which result in protecting domestic products and making imports disadvantageous. (January Paper 2)

Choices

Choice (4)Response

a.

The statements I and II are incorrect.

b.

Statement I is correct, but II is incorrect.

c.

Statement II is correct, but I is incorrect.

d.

The statements I and II are correct.

Developed by: