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Sure Success Batch
CA INTERMEDIATE
May 2019
Limited Seats
(Only one Batch for English & one for Hindi Medium)
From 21th
May 2018
(for Students appearing in CA Foundation May, 2018)
From 25th
June 2018
(for Students appearing in CPT June, 2018)
Registration fee : ` 10,000
In case of negative result of CPT
Registration Fee will be refundable.
Vidya Sagar Institute
K-50, Bhawna Tower, Income Tax Colony, Tonk Road,
Near Durga Pura, Bus Stand, Jaipur - 302018
Mobile :- 93514-68666 Ph. :- 7821821250, 7821821251, 7821821252,
7821821253, 7821821254. web : www.vsijaipur.com
Result of Sure Success Batch
S. No. Name of the Student Sure Success Batch Rank Marks
1 Nikhil Kumar May 2012 AIR 1 605
2 Tanu Garg May 2015 AIR 1 559
3 Gunjan Garg May 2015 AIR 2 559
4 Gaurav Sarawagi May 2017 AIR 1 565
And Many more Rankers from Sure Success Batch
VIDYA SAGAR
CAREER INSTITUTE LIMITED
CPT Minor Test – 3 (Part – A)
Instruction: Maximum Marks: 100
1. Use HB Pencil to fill ovals for correct answer. Time : 2 Hours
2. Each question carry one mark. Date : 17.05.2018
3. Negative marking .25 marks for each wrong answer.
4. No negative marking for unattempted questions.
_____________________________________________________________________
01. Which of the following statement is wrong:
(a) Consignor is the owner of the consignment stock.
(b) Del-credere commission is allowed by consignor to protect himself from bad debt.
(c) Proportionate consignor's expenses is added up with consignment stock.
(d) All proportionate consignee's expenses will be added up for valuation of consignment stock.
02. Account Sales indicates :
(a) The net amount due from consignor to consignee by way of commission
(b) The net amount due from consignee to consignor
(c) Net sales effected by consignee
(d) None of these
03. If no del - credere commission is paid to the consignee, ____ account will be debited for credit sale :
(a) Consignment account (b) Consignee account
(c) Consignor account (d) Consignment debtors account
04. Expenses incurred by the consignor on sending the goods to the consignee is Rs.1,000 for insurance,
Rs.1,500 on freight and Rs.500 on packing the goods. While expenses incurred by the consignee on
behalf of the consignment are Rs.800 on octroi, Rs.600 as godown charges and Rs. 1,200 as selling
expenses. The amount to be excluded while calculating consignment stock will be:
(a) Rs.2,600. (b) Rs.600.
(c) Rs.1,200. (d) Rs.1,800
05. X send out 4000 Boxes to Y costing Rs. 100 each. Consignor's expenses 10,000 1/10th of boxes were
lost in consignee's godwon and and treated as normal loss. 2400 boxes were sold by consignee. The
value of consignment stock will be :
(a) Rs. 1,36,667 (b) Rs. 1,23,000
(c) Rs. 1,20,000 (d) Rs. 1,20,500
06. X sends goods to Y on consignment, but 15% of the goods were lost in transit. Such loss will be borne
by :
(a) Consignee (b) Consignor
(c) Both (a) and (b) (d) Insurance company
07. X of Kolkata sends out goods costing Rs.3,00,000 to Y of Mumbai at cost + 25%. Consignor's expenses
Rs.5,000.1/10th of the goods were lost in transit. Insurance claim received Rs. 3,000. The net loss on
account of abnormal loss is:
(a) Rs. 27,500 (b) Rs. 25,500
(c) Rs. 30,500 (d) Rs. 27,000
08. Consignee is entitled to get a commission of Rs. 25 per article sold plus one fourth of the amount by
which gross sale proceeds less his total commission thereon exceeded a sum at the rate of Rs. 125 per
articles sold. He sold 450 articles at Rs. 73,800. Commission amount will be:
(a) Rs. 12,510 (b) Rs. 10,510
(c) Rs. 10,000 (d) Rs.11,000
09. A of Mumbai sold goods to B of Delhi, the goods are to be sold at 125% of cost which is invoice price.
Commission 10% on sales at invoice price and 25% of any surplus realized above invoice price.10% of
the goods sent out on consignment, invoice value of which is Rs. 12,500 were destroyed. 75% of the
total consignment in sold by B at Rs. 1,00,000. What will be the amount of commission payable to B?
(a) Rs. 11,562.5 (b) Rs. 10,000
(c) Rs. 9,000 (d) Rs. 9,700
10. Goods costing Rs. 2,00,000 sent out to consignee at cost + 25%. Invoice price of the goods will be:
(a) 240000 (b) 230000
(c) 210000 (d) 250000
11. Naveen of Nagpur sends out 1,000 boxes costing 1,00,000 to Deepak of Delhi at cost +20%consignor's
expenses were:
Freight Rs. 6,000
Insurance Rs. 2,000
Consignee's expenses were :
Loading and Unloading charges Rs. 10,000
Salesman salary Rs. 6,000 and
Commission 2% on Gross sales.
What will be the amount of profit if 3/4th goods sold by consignee at Rs. 1,00,000:
(a) Rs. 5500 (b) Rs. 6500
(c) Rs. 7500 (d) Rs. 3500
12. Goods sent on consignment Rs. 7,60,000.Opening consignment stock Rs. 48,000. Cash sales Rs.
7,00,000. Consignor's expenses Rs. 20,000.Consignee's expenses Rs. 12,000. Commission Rs. 20,000.
Closing consignment stock Rs. 3,00,000. The profit on consignment is:
(a) Rs. 1,50,000 (b) Rs. 1,40,000
(c) Rs. 92,000 (d) None
13. Rabin consigned goods for the value of Rs.8,250 to Raj of Kanpur and paid freight etc. of Rs.650 and
insurance Rs.400. He drew a bill on Raj for 3 months after date for Rs. 3,000 as an advance against
consignment, and discounted the bill for Rs.2,960. Further, he received Account sales from Raj
showing that, part of the goods had realized gross Rs. 8,350 and that his expenses and commission
amounted to Rs. 870. The stock unsold was valued at Rs. 2750. Consignee wants to remit a draft for
the amount due. The amount of draft will be:
(a) Rs. 2,130 (b) Rs. 4,480
(c) Rs. 5,130 (d) Rs. 5,090
14. Normal loss on consignment is credited to:
(a) Consignment Account (b) Consignee's Account
(c) Profit & Loss Account (d) Not credited to any account
15. If a venturer draws a bill on his co-venturer and if the drawer discounts the bill with same sets of
books maintained, the discounting charges will be borne by________:
(a) The drawer of the bill
(b) The drawee of the bill
(c) The discounting charges will be recorded in memorandum account
(d) The discounting charges will be borne by bank
16. A and B were partners in a joint venture sharing profits and losses in the proportion of 3/5th and
2/5th respectively. A supplies goods to the value of Rs. 60,000 and incurs expenses amounting Rs.
6,000. B supplies goods to the value of Rs. 16,000 and his expenses amount to Rs. 3,000. B sells goods
on behalf of the joint venture and realizes Rs. 1,20,000. B entitled to a commission of 5% on sales. B
settles his account by bank draft. How much amount, B will pay to A as final settlement?
(a) Rs. 83,400 (b) Rs. 93,200
(c) Rs. 80,000 (d) Rs. 66,000
17. A and b were partners in a joint venture sharing profits and losses in the proportion of 4/5th and
1/5th respectively. A supplies goods to the value of Rs. 50,000 and incurs expenses amounting to Rs.
5,400. B supplies goods to the value of Rs. 14,000 and his expenses amount to Rs. 800. B sell goods on
behalf of the joint venture and realizes Rs. 92,000. B is entitled to a commission of 5% on sales. B
settles his account by bank draft. What will be the final remittance?
(a) B will remit Rs. 69,160 to A (b) A will remit Rs. 69,160 to B
(c) A will remit to Rs. 69,000 to B (d) B will remit Rs. 69,000 to A
18. A and B are doing business separately as building contractors. They undertook jointly to construct a
building for a newly started joint stock company for a contract price of Rs. 2,00,000. A Bank A/c is
opened in their joint names; A depositing Rs. 50,000 and B Rs. 30,000. They will share profits and
losses in ratio of 2/3 and 1/3 respectively. Their transactions were as follows:
Paid wages Rs. 60,000
Brought materials Rs. 1,62,000
Contract was completed and the price was duly received. B took stock of materials for the Rs. 6,000.
Profit or loss on joint venture will be:
(a) Profit Rs. 8,000 (b) Loss Rs. 16,000
(c) Profit Rs. 10,000 (d) Loss Rs.15,000
19. X & Y purchased a building of Rs. 1,00,000 and sold it for Rs. 1,20,000. X had contributed for Rs.60,000
and Rs. 40,000. They decided to share profits in the ratio of their capital contribution. The profit on
venture will be:
(a) Rs. 12,500 & Rs. 7,500 (b) Rs. 8,000 & Rs. 12.000
(c) Rs. 75,000 & Rs. 12,500 (d) Rs. 12,000 & Rs. 8,000
20. A bought goods of the value of Rs. 10,000 and consigned them to B to be sold by them on a joint
venture, profits being divided equally, A paid Rs. 1,000 for freight and insurance. A draws a bill on B
for Rs. 10,000. A got it discounted at Rs. 9,500. B sold the goods for Rs. 15,000. Commission payable to
B, Rs. 500. Find out the profit on venture?
(a) Rs. 3,000 (b) Rs. 3,500
(c) Rs. 4,000 (d) Rs. 3,200
21. A and B entered into a joint venture. They opened a joint bank account by contributing Rs. 2,00,000
each. The expenses incurred on venture is exactly equal to Rs. 2,00,000. Once the work is completed,
contract money received by cheque Rs. 4,00,000 and in shares Rs. 50,000. The shares are sold for Rs.
40,000. What will be the profit on venture?
(a) Rs. 2,50,000 (b) Rs. 2,40,000
(c) Rs. 4,40,000 (d) Rs. 4,50,000
22. A and B were partners in a joint venture sharing profits and losses in the proportion of 3/5th and
2/5the respectively. A supplies goods to the value of Rs. 80,000 and incurs expenses amounting Rs.
6,000. B supplies goods to the value of Rs. 14,000 and his expenses amount to Rs. 2,000. B sells goods
on behalf of the joint venture and realizes Rs. 1,50,000. B entitled to a commission of 5% on sales. B
settles his account by bank draft. Find out A's share of profit on venture?
(a) Rs. 24,300 (b) Rs. 25,000
(c) Rs. 26,000 (d) Rs. 20,300
23. Consignment account is:
(a) Real account (b) Personal account
(c) Nominal account (d) None of the above
24. Parties to a bill of exchange are:
(a) Drawer. (b) Drawee.
(c) Payee. (d) All of the above
25. Bill receivable endorsed are debited to :
(a) Debtors A/c (b) Creditors A/c
(c) Bills payable A/c (d) Bills receivable A/c
26. If the date of maturity of a bill is a holiday, then the bill will mature on:
(a) Next working day. (b) Preceding working day.
(c) Holiday itself. (d) Other agreed day.
27. On 16.06.2010 X draws a bill on Y for Rs. 25,000 for 30 days. July 19th is a public holiday. The Maturity
date of the bill will be:
(a) 19th July, 2010 (b) 18th July, 2010
(c) 20th July, 2010 (d) 16th July, 2010
28. If a bill is drawn on 28th January 2010 for 1 month, it will mature on:
(a) 28 February 2010 (b) 3rd March 2010
(c) 2nd March 2010 (d) None of the above
29. Account Sales includes:
(a) Sales made (b) Stock left with consignee
(c) Commission earned (d) All of above.
30. Under mutual accommodation, Mohan drew a bill on Shyam for Rs.50,000 for 3 months. Proceeds are
to be shared equally. Mohan got the bill discounted at 12% p.a. and remits required proceeds to
Shyam. The amount of such remittance will be:
(a) Rs.24,250. (b) Rs.25,000.
(c) Rs.16,167 (d) Rs.32,333.
31. S draws 2 bills of exchange on 1.1.2011 for 3,000 and Rs. 5,000 respectively. The bill of exchange for
Rs. 3,000 is for 2 months, while the bill of exchange for Rs. 5,000 is for 3 months. These bills are
accepted by K. on 4.3.2011 K requests S to renew the first bill with interest at 18% p.a. for a period of
2 months. S agrees to this proposal. On 20.3.2011 K retires the acceptance for Rs. 5,000 the interest
rebate i.e., discount being Rs. 50.
Before the due date of the renewed bill K becomes insolvent and only 60 paise in a rupee can be
recovered from his estate. How much bad debt will be recorded in the books of S:
(a) Rs. 1,236 (b) Rs. 1,854
(c) Rs. 3,090 (d) Rs. 3,000
32. The bill of Rs. 10,000 accepted by Ritesh on 1July 2009, was discounted by Hitesh on 15 July 2009 for
Rs. 9,600. On 4th October 2006, the bill was dishonoured and bank notified it for Rs. 200. The amount
to be received from Ritesh would be:
(a) Rs.10,600 (b) Rs.10,000
(c) Rs.10,200 (d) Rs.10,400
33. On 1.3.2006 X draws a bill on Y for 3 months for Rs. 20,000 on 4.5.2006 Y pays the bill to X at 12%
discount, the Amount of discount will be :
(a) Rs. 200 (b) Rs. 400
(c) Rs. 600 (d) Rs. 100
34. Ram draws on Aslam a bill for Rs. 60,000 on 1.4.2011 for 2 months. Aslam accepts the bill and sends it
to Ram who gets it discounted for Rs. 58,800. Ram immediately remits Rs. 19,600 to Aslam. On due
date, Ram being unable to remit the amount due and accepts a bill for Rs. 84,000 for 2 months which
is discounted by Aslam for Rs. 82,200. Aslam sends Rs. 14,800 to Ram out of the same. How much
discounted will be borne by Ram at the time of 14,800 remittance:
(a) Rs. 1,200 (b) Rs. 1,800
(c) Rs. 1,100 (d) Rs. 800
35. On 1st January Shilpa owes Rs. 10,000 and accepts a 3 Month bill for the amount on the date maturity
shilpa was not able to meet the bill. She pays Rs. 4000 and asks to draw another bill for three months
for the balance amount with interest @ 15% p.a. The amount of interest will be :
(a) Rs. 200 (b) Rs. 225
(c) Rs. 500 (d) Rs. 900
36. Mr Bobby sold goods worth Rs 25,000 to Mr Bonny. Bonny immediately accepted a bill on 1.11.09,
payable after 2 months. Bobby discounted this bill @ 18% p.a. on 15.11.09. On the due date Bonny
failed to discharge the bill. Later on Bonny became insolvent and 50 paise is recovered from Bonny's
estate. How much amount of bad debt will be recorded in the books of Bobby?
(a) Rs. 12,500 (b) Rs. 9,437
(c) Rs. 11,687 (d) Rs. 13,650
37. Ashish's acceptance to Mohit for Rs. 10,000 discharged by a cash payment of Rs. 2,000 and a new bill
for the balance plus Rs. 300 for interest The amount of new bill will be:
(a) Rs. 8,000 (b) Rs.10,300
(c) Rs. 12,300 (d) Rs. 8,300
38. A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. The bill return dishonoured. Noting
charges Rs. 1,000. B request A to accept the amount at 2% discounted by a single cheque. The cheque
amount will be:
(a) Rs. 98,000 (b) Rs. 98,980
(c) Rs. 99,000 (d) Rs. 99,980
39. On 1st January, 2011, A sells goods for Rs. 10,000 to B and draws a bill at three months for the
amount. B accepts it and returns it to A. On 1st March, 2011, B retires his acceptance under rebate of
12% per annum. What will be the amount of rebate?
(a) Rs. 100 (b) Rs. 200
(c) Rs. 300 (d) Rs. 50
40. ABC Ltd. sells goods to its approved customers on sale or return basis at a profit of 20% on sales,
treating as actual sales. On 26th March, 2010 goods costing Rs.10,000 were sent to Annu Ltd. No
confirmation has been received from Annu Ltd. till 31st March, 2010. The amount of stock with
customers to be shown as closing stock in the balance sheet of ABC Ltd. as on 31st March, 2010 will
be:
(a) Rs. 12,500 (b) Rs. 8,000
(c) Rs. 10,000 (d) Nil
41. A company sends its cars to dealers on 'sale or return' basis. All such transactions are however treated
like actual sales and are passed through the sales day book. Just before the end of the financial year,
two cars which had cost Rs.55,000 each have been sent on 'sale or return' and have been debited to
customers at Rs.75,000 each, cost of goods lying with the customers will be:
(a) Rs.1,10,000. (b) Rs. 55,000.
(c) Rs. 75,000. (d) None of the above.
42. Umesh sends goods on approval basis as follows:
Date Customer's Name Sale price of Good Accepted Goods
January, 2009 Goods sent Rs. Returned
Rs. Rs.
8 Anna 3,500 3,000 500
10 Babu 2,800 2,800 -
15 Chandra 3,680 - 3,680
22 Desai 1,260 1,000 260
The stock of goods sent on approval basis on 31st January will be.
(a) Rs. 500 (b) Nil
(c) Rs. 260 (d) None of the above
43. On the basis of following information, Calculate amount of goods sent on consignment:
Consignee will charge commission @15% on sales, Advance paid by consignee Rs. 2,26,000,
Expenses incurred by consignee ` 10,000, Final remittance ` 70,000.
(a) ` 3,06,000 (b) ` 94,118
(c) ` 3,60,000 (d) ` 2,60,100
44. Advance payment for goods consigned by consignee to consignor is adjusted___________ against the
amount due by the consignee on account of goods sold and if the advance money deposited by
consignee is in the form of security Against the goods then ____________ amount will be adjusted
while final payment:
(a) Full, Full (b) Full, Proportionate
(c) Proportionate, Full (d) Proportionate, Proportionate
45. In which bill there is no consideration:
(a) Bills of exchange (b) promissory note
(c) renewal of bill (d) accommodation bill
46. Consignor send goods costing to consignee at cost + 25% to consignee. 1/10 of the goods were lost in
transit, Invoice price of such goods is 25,000. Consignor Exp. 20,000. Consignee’s exp incurred upto
outside godown Rs. 15,000. Consignee sold 90% of the total consigned goods for Rs. 4,00,000 value of
closing stock will be :
(a) 21,150 (b) 21,300
(c) 20,940 (d) None of these
47. If period/Life of joint venture is more than one year, then Profit/Loss on venture will be calculated:
(a) On Completion of Venture (b) On Discontinuation of Venture
(c) On Interim basis (d) Either (a) or (b)
48. Maturity date of bill is 20th
April 2014. Bill is 65 days after sight. Bill was accepted 20 days later after
drawing the bill. Calculate the date on which bill was drawn:
(a) 20.01.2014 (b) 14.02.2014
(c) 22.01.2014 (d) 11.02.2014
49. X drawn a bill of Y for ` 3,00,000, for 3 months. x endorse such bill to Z. Z endorse. Such bill to Ram.
On the dishonor of bill, In the books of X which Account will be credited:
(a) Y (b) Z
(c) Ram (d) None of these
50. Which of these is not a part of double entry system:
(a) Memorandum Joint Venture A/c (b) Joint Venture A/c
(c) Joint Bank A/c (d) Co-venture A/c
51. In consignment Business over-riding commission can be calculated on:
(a) Total sales
(b) Difference between Actual sale and sales at invoice price
(c) Difference between Actual sale and sales at any specified price
(d) any of the above
52. Match the following two column :
Column A Column B
1. Performa invoice i. issued at the time of purchase return
2. Account sale ii. Send by principal to agent
3. Debit Note iii. Send by agent to principal
4. Credit note iv. Issued at the time of sales return
1 2 3 4
(a) ii iv i iii
(b) iii ii I iv
(c) ii iii iv i
(d) ii iii I iv
53. Mr. Ajay of Delhi consigned to Vijay of Mumbai, goods to be sold at invoice price which represents
125% of cost. Vijay is entitled to a commission of 10% on sales at invoice price and 25% of any excess
realized over invoice price. If all the goods consigned were sold except 10% of consigned goods of the
invoice value of Rs. 12,500 which was destroyed by fire. Total commission received by Vijay is Rs.
21,875. What is the amount of Sales:
(a) Rs 1,00,000 (b) Rs 1,25,000
(c) Rs 1,50,000 (d) Rs 1,55,000
54. When a large number of Articles are sent on sale or return basis. It is necessary to maintain:
(a) Sales Journal (b) Goods Returned Journal
(c) Sale or Return Journal (d) None of these
55. X send goods to Y on Consignment Basis costing Rs. 4,50,000 consignee sold all the goods for Rs.
6,00,000 out of which 50% sale is on Credit. Commission is 5% on sales. Del-credere commission is 3%.
Consignee received only 2,70,000 from debtors. Net amount transferrable to P & L A/c of consignee
will be:
(a) Rs 48000 (b) Nill
(c) Rs. 18,000 (d) Rs. 30,000
56. When a seller send a buyer, a document for acceptance, known as:
(a) Proposal (b) Bills of Exchange
(c) Draft (d) All of these
57. In case of consignment, expenses of consignor and consignee are given but no additional information
is given about consignee’s exp then:-
(a) Consignee’s all exp are included for valuation of stock
(b) Only proportionate exp of all exp of consignee’s will be included.
(c) Proportionate exp of consignee incurred upto outside the godown will be included
(d) Consignee’s exp will not be included for stock calculation
58. If consignor draws a bill on consignee and discounted it with the banker the discounting charges will
be debited in:
(a) General Profit & Loss (b) Consignment A/c
(c) Consignee (d) Debtors
59. A and B enter into a joint venture to underwrite the shares of K Ltd. K Ltd make an equity issue of
100000 equity shares of Rs 10 each. 80% of the issue are subscribed by the party. The profit sharing
ratio between A and B is 3:2. The balance shares not subscribed by the public, purchased by A and B in
profit sharing ratio. How many shares to be purchased by A?
(a) 80000 shares (b) 72000 shares
(c) 12000 shares (d) 8000 shares
60. Discounting of bill by the drawer is done with________
(a) Creditor. (b) Drawee.
(c) Bank. (d) Notary public
61. Under Sale of goods Act, 1930 the terms "goods" means every kind of the movable property and it
includes
(a) Stock and share (b) Growing crops, grass
(c) Both (a) and (b) (d) None of the above
62. Goods which are in existence at the time of the Contract of Sale is known as:
(a) present Goods. (b) existing Goods.
(c) specific Goods. (d) None of the above.
63. Which of the following is not a form of delivery?
(a) Constructive delivery (b) Structured delivery
(c) Actual delivery (d) Symbolic delivery
64. Which of the following is a not document of title to goods:
(a) Bill of lading (b) Railway receipt
(c) Dock warrant (d) Performa invoice
65. Mercantile agent is having an authority to:
(a) Sell or consign goods for sale (b) Raise money on the security of goods
(c) Sell or buy goods (d) Any of the above
66. In case of sale:
(a) Property in goods passes to the buyer. (b) Risk in the goods passes to the buyer.
(c) Both the above. (d) None of the above.
67. In a contract of sale, the price may be:
(a) Fixed by the contract
(b) Agreed to be fixed a manner thereby agreed
(c) Determined by course of dealings between the parties
(d) All of the above
68. A contract of sale is a contract for sale by sample if it is...........:
(a) By operation of law
(b) By way of custom or usage of trade
(c) By way of an express or implied term in the contract, to the effect
(d) By decision of the seller
69. A share certificate:
(a) Allows the person named therein to transfer the share mentioned therein by mere endorsement
on the back of the certificate.
(b) Allows the person named therein to transfer the share mentioned therein by mere delivery of the
certificate.
(c) Allows the person named therein to transfer the share mentioned therein by mere endorsement
on the back of the certificate and the delivery of the certificate
(d) None of the above
70. A contract for sale of future goods is...........:
(a) Sale (b) Agreement to sell
(c) Hire purchase agreement (d) Quasi contract
71. In F.O.B. Contracts, F.O.B. stands for:
(a) Free on Bill (b) Free on Board
(c) Free on Boarded Ship (d) Free on Bill of Lading
72. Match the following:
(i) Sale (a) Ownership is transferred at some future date
(ii) Agreement to sell (b) A stipulation which is essential.
(iii) Condition (c) Stipulation which is collateral.
(iv) Warranty (d) Ownership is transferred Immediately
i ii iii iv
(a) c b a d
(b) c a b d
(c) d a b c
(d) d c b a
73. In case of sale of goods by sample as well as by description, the implied conditions are that the bulk of
the goods:
(a) Shall correspond with the sample
(b) Correspond with sample as well as description
(c) Shall correspond with the description and need not correspond with the sample
(d) Shall correspond with the sample and may or may not correspond with the description
74. A sold a tin of disinfectant powder to K without warning knowing fully that if the tin was not opened
with care, it will likely to cause injury. K was injured while opening the tin. Which of the following
statement(s) is/are correct?
(a) A is not liable to K under the Doctrine of caveat emptor.
(b) A is liable for the damages.
(c) A has no duty to disclose the facts to K.
(d) The buyer has the responsibility to enquire about all the things before purchasing the goods.
75. Caveat Emptor means:
(a) Let the buyer beware (b) Let the seller beware
(c) Let the buyer and seller both beware (d) None of these
76. X, contacts to buy from y 1000 bags of cement. Y sends 1000 bags through truck. When cement arrives
it becomes stone by the contract of rainwater. Can X reject the goods?
(a) Yes breach of condition as to wholesomeness
(b) Yes- conditions as to merchantability
(c) No-B never knew himself
(d) No- A should have seen it
77. Where the specific goods are to be put in a deliverable state by some act of the seller, the property in
the goods is transferred to the buyer when the:
(a) Seller has done his act of putting the goods in a deliverable state
(b) Buyer comes to known that the goods have been put in a deliverable state
(c) Both of these, as it is the requirement of law
(d) None of these, as in such a case the contract of sale is void
78. Selection of goods with the intention of using them in performance of the contract and with the
mutual consent of the seller and the buyer is known as __________:
(a) distribution (b) appropriation.
(c) amortization. (d) storage.
79. Which of the following statement is/are correct?
(a) The general rule is "unless otherwise agreed, the goods remain at the seller's risk until the
property therein is transfered to the buyer, but when the property therein is transferred to the
buyer, the goods are at the buyer's risk whether delivery has been made or not".
(b) Where the delivery of the goods has been delayed through the fault of either the buyer or the
seller, the goods are at the risk of the party in fault as regards any loss which might not have
occurred but for such fault.
(c) In ordinary circumstances, risk is borne by the buyer only when the property in the goods passes
over to him. However, the parties may be special agreement stipulated that risk will pass
sometime after or before the property has passed.
(d) All of the above
80. In a contract of sale of goods, if the seller is not the owner of goods, then the title of the buyer shall:
(a) Be same as that of the seller (b) Not be same as that of the seller
(c) Be better than that of the seller (d) None of the above
81. Where under the contract of sale, the seller is bound to send the goods to the buyer, but no time for
sending them is fixed, the seller is:
(a) Not bound to send them within a month's time
(b) Bound to send them, within a reasonable time
(c) Bound to send them within a six month's time
(d) Bound to send them within a year's time
82. When buyer repudiates the contract before the date of delivery the seller may:
(a) Sue for damages (b) Sue for price
(c) Rescind the contract (d) None of the above
83. Rights of an unpaid seller include_________:
(a) Right of lien (b) Right of stoppage in transit
(c) Right of re-sale (d) All of the above
84. Right of resale can be exercised:
(a) Where the goods are of perishable nature
(b) When the seller expressly reserves a right of resale
(c) After giving reasonable notice
(d) All of these
85. When the unpaid seller has parted with the goods to a carrier and the buyer has become insolvent, he
can exercise :
(a) Right of lien (b) Right of resale
(c) Right of stoppage in transit (d) None of the above
86. Which one of the following is not an implied warranty?
(a) Warranty as to undisturbed possession.
(b) Warranty as to existence of encumbrance.
(c) Disclosure of dangerous nature of goods.
(d) Warranty as to quality or fitness by usage of trade.
87. An auction sale is complete on the __________:
(a) delivery of goods (b) payment of price
(c) fall of hammer (d) none of the above.
88. Where in an auction sale, the seller appoints more than one bidder, the sale is _____________:
(a) Void (b) Illegal
(c) Conditional (d) Voidable
89. As per the terms of the contract between a sugar cane factory and the farmers, the factory was to
sent its own truck and to collect the sugar cane after the sale was completed. Sugar cane were cut and
kept ready by the farmer. During the loading of the sugar cane, the sugar cane was destroyed by fire.
Who of the following has to bear the loss after the sale?
(a) Sugar cane grower
(b) Sugar cane factory
(c) Workers of sugar cane factory who ware loading the sugar cane
(d) Equally by the farmers and the factory
90. As per section 5 (1) of the Sale of Goods Act, 1930, which of the following is a recognised mode of a
contract of sale?
(a) The price and delivery of the goods may be agreed to be made in instalments
(b) The price and delivery of the goods may be in future
(c) the price and delivery of the goods may be agreed to be made immediately
(d) All of these
91. A agreed to supply 1,000 bags of rice at Rs. 500 per bag in 10 instalments of 100 bags each. B also
agreed to pay the price in 10 equal monthly instalments. This is a:
(a) Hire-purchase agreement (b) Contract of sale
(c) Sale on approval (d) Conditional sale
92. A agreed to sell to B 10 bales of Egyptian cotton out of 100 bales lying in his godown. But unknown to
both the parties, the cotton had already destroyed by the fire. In this case, the contract of sale is:
(a) Not void as the contract of sale is for the sale of unascertained goods
(b) Void as the goods had already destroyed before the making of the contract of sale
(c) A would be liable to pay damages to B for breach of contract on his failure to supply the
contracted goods
(d) Both (a) and (c)
93. A sold a stolen car to B which was subsequently recovered by the police from B's possession and he
(B) was forced to return the same to the true owner. Here, there is breach of implied condition as to:
(a) Title (b) Merchantability
(c) Fitness for buyer's purpose (d) None of these
94. A told B, a car dealer, that he wanted to purchase a car 'suitable for touring purposes'. B suggested
that a 'Bugatti' car would be fit for the purpose. Relying upon this statement, A bought a 'Bugatti' car
which turned out to be unfit for touring purposes. Here A:
(a) Cannot reject the car, he can claim damages only
(b) Can neither reject the car nor claim any damages
(c) Can reject the car and have half refund of price
(d) Can reject the car and have the refund of the price
95. A agreed to sell to B 100 bottles of oil to be produced by him. A filled the 100 bottles and informed B
about the same. B took delivery of 30 bottles and promised to take the delivery of the rest after one
week. Before B could take delivery, the oil was destroyed in a fire. In this case, the loss falls upon the:
(a) Buyer (b) Seller
(c) Both in equal shares (d) Both in the ratio of 30:70
96. A send B bill of lading along with bill of exchange to secure acceptance or payment, B wrongfully
retain the bill of lading without acceptance or payment of bill of exchange. Here:
(a) Property transferred to B
(b) Property not transferred to B
(c) Property will be transferred when B accepts or pay the bill
(d) Both (b) and (c)
97. Where an unpaid seller who had exercised his right of................ resells the goods, the buyer acquires
a good title to the goods as against the original buyer
(a) Lien (b) Stoppage in transit
(c) Both (a) or (b) (d) None of these
98. Time of tender of delivery must be reasonable hours. What is reasonable hour is question of:
(a) Fact (b) Law
(c) Fact and law (d) None of these
99. If after arrival of the goods at appointed destination, the carrier acknowledges to the buyer that he is
now holding the goods on his behalf, but the buyer instructs the carrier to carry the goods to some
other destination, then:
(a) Seller's right of lien revives (b) Transit comes to an end
(c) Transit does not come to an end (d) None of these
100. In an auction sale, when the sale is not notified to be subject to the right of the seller to bid, it
shall.......... for the seller to bid himself or to employ any person to bid at such sale or for the
auctioneer knowingly to take any bid from the seller or any person representing him:
(a) Not lawful (b) Lawful
(c) Fraudulent (d) None of the above
VIDYA SAGAR
CAREER INSTITUTE LIMITED
CPT Minor Test – 3 (Part – B)
Instruction: Maximum Marks: 100
5. Use HB Pencil to fill ovals for correct answer. Time : 2 Hours
6. Each question carry one mark. Date : 17.05.2018
7. Negative marking .25 marks for each wrong answer.
8. No negative marking for unattempted questions.
_______________________________________________________
01. Over the planning period the share of industrial sector in the GDP of India has ___________:
(a) increased (b) decreased
(c) remained constant (d) remained above 50 percent
02. Occupational structure refers to the:
(a) number of people living in a country
(b) size of working force in a country
(c) distribution of working force among the different occupations
(d) occupations available in a country
03. We can say Indian agriculture has become modern since:
(a) there has been an increased in the use of high yielding varieties of seeds, fertilizers, pesticides
etc.
(b) there has been noticeable positive change in the attitude of farmers towards new techniques of
production.
(c) farmers are increasingly resorting to intensive cultivation, multiple cropping, scientific water
management
(d) all of the above.
04. What is the approximate share of the agricultural sector in the total employment in India?
(a) 46 per cent (b) 60 per cent
(c) 50 per cent (d) 70 per cent
05. Which of the following has been specifically established to meet the requirements of credit of the
farmers and villagers?
(a) ICICI bank (b) Regional Rural Banks
(c) State Bank of India (d) EXIM bank
06. Three steel plants in Bhilai, Rourkela and Durgapur were set up in the -------------------:
(a) First plan (b) Second plan
(c) Third plan (d) Fourth plan
07. The industrial sector faced the process of retrogression and deceleration during:
(a) 1950-1965 (b) 1990-2005
(c) 1980-1995 (d) 1965 -1980.
08. Which is the apex body in industrial finance in India?
(a) Industrial Development Bank of India (b) Reserve Bank of India
(c) State Bank of India (d) Ministry of Industries
09. The service sector in India now accounts for -------------------------------:
(a) more than 80 percent of GDP. (b) more than 70 percent of GDP.
(c) more than 50 percent of GDP. (d) more than 90 percent of GDP.
10. If NNP figure is available at market prices we will _______indirect taxes and _________subsidies
to the figure to get National Income of the economy:
(a) Add, subtract (b) Add, divide
(c) Subtract, add (d) Subtract, divide
11. Demand for final consumption arises in -----------------------------------:
(a) household sector only. (b) government sector only.
(c) both household and government sectors. (d) neither household nor movement sector.
12. Identify the item which is not a factor payment:
(a) Free uniform to defence personnel (b) Salaries to the members of Parliament
(c) Imputed rent of an owner occupied building (d) Scholarships given to scheduled caste
students.
13. Service Tax was introduced in the financial year:
(a) 1991-92 (b) 2001-02
(c) 1994-95 (d) 1995-96
14. CENVAT stands for :
(a) Common Entity Value Added Tax (b) Corporate Entity Value Added Tax
(c) Central Value Added Tax (d) None of the above
15. Which of the following statements is correct ?
(a) Income tax was abolished in India in 1991
(b) service tax was introduced in the financial year 1994-95
(c) Direct tax code was made application in 2009-10
(d) Estate duty was abolished in 1995
16. Which year is known as 'year of great divide' for India's population?
(a) 1921 (b) 1951
(c) 1991 (d) 1981
17. India accommodates ----------------percent of the world's population:
(a) 17.5% (b) 11.4%
(c) 15.1% (d) 25.8%
18. India's passing through _________ stage of demographic transition:
(a) fourth (b) third
(c) first (d) second
19. The population of India in 2016 was:
(a) 100 crores (b) 101 crores
(c) 102 crores (d) more than 128 crores
20. When poverty is taken in relative term and is related to the distribution of income consumption its
called:
(a) Law line poverty (b) Absolute poverty
(c) Relative poverty (d) none
21. SJSRY was launched to:
(a) Provide house to the rural poor
(b) Provide gainful employment to the urban poor
(c) Food security to the rural poor
(d) None of above
22. According to National Sample Survey Organisation (NSSO) during 2009-2010.
(a) Unemployment rates on the basis of current daily status were same as those on the basis of usual
status.
(b) Unemployment rates on the basis of current daily status were higher than those on the basis of
usual status.
(c) Unemployment rates on the basis of current daily status were lower than those on the basis of
usual status.
(d) None of the above.
23. If 9 people are unemployed and 411 people are in the work force, then people in labour force are:
(a) 402 (b) 411
(c) 9 (d) 420
24. ______________measures generally gives the lowest estimate of unemployment:
(a) CWS (b) Usual Status
(c) CDS (d) CMS
25. NTPC stands for:
(a) National Thermal Power Corporation (b) National Tidal Power Corporation
(c) National Theological Power Corporation (d) National Talent and Potential Corporation
26. On an estimate electricity generation is about _______ in 2016-17:
(a) 137500 MW (b) 319000 MW
(c) 33300 MW (d) 74700 MW
27. Of the major 13 ports, ____________ is the top traffic handler:
(a) Paradip (b) Vishakhapatnam
(c) Kandla (d) Mumbai
28. Over the year, the incidence of malaria has__________:
(a) Increased (b) Reduced
(c) Remained the same (d) Doubled
29. Which programme was started in 2005-06 to provide electricity to villages?
(a) Mahatma Gandhi Electricity (b) Electricity for all
(c) Rajiv Gandhi Grameen Vidhutikaran (d) Indira Gandhi Vidhutikaran
30. Which of these is a side effect of deflation?
(a) Decreasing unemployment (b) Increase in demand
(c) Economic depression (d) Increase in personal expenditure.
31. Pick up the correct statement:
(a) Inflation is a persistent fall in the price level
(b) The Indian direct tax structure relies on a very narrow population base
(c) Mixed income of self-employed means gross profit received by proprietors
(d) all of the above
32. Revenue deficit in India is%
(a) negative (b) positive
(c) zero (d) none of the above
33 The aim of FRBM Act is to reduce gross fiscal deficit to_________% of GDP:
(a) 2.5% (b) 3%
(c) 1% (d) .25%
34. Presently, _____ continued to be major source of India's import:
(a) EU (b) North America
(c) Asia and ASEAN (d) South America
35. As per world Bank International debt statistics 2017, India continues to be among _________:
(a) Less vulnerable countries (b) More vulnerable countries
(c) Both of the above (d) None of the above
36. What is unemployment rate as per ministry of labour and employment in 2015-16:
(a) 5.6% (b) 5%
(c) 6.6% (d) None of the above
37. Parts of NITI Aayog are:
(a) Team India Hub (b) Knowledge and Innovation Hub
(c) Both of the above (d) None of the above
38. _________ Revolution is related with fisheries resources:
(a) Blue (b) Green
(c) White (d) Yellow
39. Which scheme is started to transfer LPG subsidy directly to consumers bank account?
(a) DBTL scheme (b) PMJDY
(c) JRY (d) MGNREGS
40. How many investment regions along with DMIC have been announced as NIMZ:
(a) 16 (b) 24
(c) 8 (d) 32
41. To promote entrepreneurship, “Make in India” scheme includes:
(a) New Processes (b) New Infrastructure
(c) New Sectors (d) All of the above
42. GVA at basic Price follows from :
(a) UN system of National Accounts (b) UK system of National Accounts
(c) Both of the above (d) None of the above
43. New series of National accounts is released on which base year:
(a) 2004-05 (b) 2008-09
(c) 2011-12 (d) 2015-16
44. Levy of wealth tax is abolished with effect from:
(a) 1st
April 2015 (b) 1st
April 2016
(c) 1st
April 2017 (d) 1st
April 2018
45. For better cash flows and better working capital management, which tax is related:
(a) Excise duty (b) Sales tax
(c) Service tax (d) GST
46. How much population of India is multi dimensionally poor:
(a) Nearly 54% (b) Nearly 40%
(c) Nearly 80% (d) Nearly 70%
47. Padhe Bharat – Badhe Bharat Under SSA was launched is:
(a) 2014 (b) 2015
(c) 2016 (d) 2018
48. SDR basket includes:
(a) EURO (b) Japanese Yen
(c) US Dollar (d) All of the above
49. The difference between members quota and IMF holding of its currency is:
(a) SDR (b) GDR
(c) RTP (d) All of the above
50. Now bed population ratio is::
(a) 1.03 per 1000 population (b) 0.9 per 1000 population
(c) 0.32 per 1000 population (d) 2.4 per 1000 population
51. can be written as:
(a) + + + (b) + 2 + 2 + 2
(c) + 2 + 2 + 2 (d) None of the these
52. The sum of three integers in AP is 15 and their product is 80. The integers are:
(a) 2, 8, 5 (b) 8, 2, 5
(c) 2, 5, 8 (d) None of these
53. The sum of the series 9, 5, 1,.... to 100 terms is:
(a) -18900 (b) 18900
(c) 19900 (d) None of these
54. The sum of the series 1,-1,1,-1,1.............. to 101 terms is equal to:
(a) 1 (b) -1
(c) 0 (d) 100
55. The sum of the following is________.
1+ 3 - 5, 7 + 9 - 11, 13+..........................3n terms
(a) 2n2
+ 3 (b) 5n2
+2
(c) 3n2
- 4n (d) 3n2
56. Find the sum of progression 1, , , , ..............10 terms.
(a) 1.9 (b) 1.989
(c) 1.998 (d) 1.89
57. Sum of n terms of the series 0.1 + 0.11 + 0.111 + .... is :
(a) 1/9 {n - (1 - (0.1)n
)} (b) 1/9 {n - (1 - (0.1)n
)/9}
(c) n - 1 - (0.1)n
/9 (d) None of these
58. If X=1 + 1/3 + 1/32
+ ........................∞
Y=1+ 1/4 + 1/42
+ ........................∞
Find xy.
(a) 2 (b) 1
(c) 8/9 (d) ½
59. Find three number in G.P such that their sum is 21, and the sum of their squares in 189:
(a) 5,7,9 (b) 3,7,11
(c) 3,6,12 (d) 4,8,9
60. Geometric means of p, p2
, p3
_____ Pn
will be:
(a) Pn+1
(b)
(c) (d) None of the above
61. The set {0, 2, 4, 6, 8, 10} can be written as :
(a) {2x │ 0 < x < 5} (b) {x : 0 < x < 5}
(c) {2x : 0 ≤ x ≤ 5} (d) None of these
62. If A= {1, 3, 5, 7,.............} and B = {2, 4, 6, 8, ............}, then AUB is equal to:
(a) Set of all natural members (b) Set of all integers
(c) Set of all numbers (d) Set of functions
63. If A ∆ B = (A - B) U (B - A) and A = {1, 2, 3, 4}, B = {3, 5, 7} then A ∆ B is :
(a) {1, 2, 4, 5, 7} (b) {3}
(c) {1, 2, 3, 4, 5,7} (d) None of these
64. Given A = {2, 3}, B = {4, 5}, C = {5, 6} then A x (B ∩ C) is :
(a) {(2, 5), (3, 5)} (b) {(5, 2), (5, 3)}
(c) {(2, 3), (5, 5} (d) None of these
65. Out of 2000 employees in an office 48% preferred coffee (c), 54% liked (T), 64% used to smoke (S).
Out of the total 28% used C and T, 32% used T and S and 30% preferred C and S, only 6% did none of
these. The number having all the three is :
(a) 360 (b) 300
(c) 380 (d) None of these
66. Let the domain of x be the set {1}. Which of the following functions are equal to 1 :
(a) f(x) = x². g(x) = x (b) f(a) = x.g(x) = 1 - x
(c) f(x) = x² + x + 2, g(x) = (x + 1)² (d) none of these
67. If f (x) = then f-1
(x) :
(a) 2(x - 1) / (x + 1) (b) 2(x + 1) / ( x - 1)
(c) (x + 1) / (x - 1) (d) (x - 1) / (x + 1)
68. If f(x - 1) = x² - 4x + 8 then f(x +1) = ?
(a) x² + 8 (b) x² + 7
(c) x² + 4 (d) x² - 4x
69. "Is the square of" over n set of real numbers is:
(a) Reflexive (b) Symmetric
(c) Transitive (d) None of these
70. If geometric mean (G.M.) of a, b, c, d is 3 then G.M. of , , , will be:
(a) 3 (b) 9
(c) 1/9 (d) 1/3
71. If A = {1,2,3} then the relation R ={(1,1), (2,2)(3,3)} is:
(a) Symmetric (b) Transitive
(c) Reflexive (d) Equivalence
72. If A = {1, 2, 3, 5, 7} and B = {x² : x ε A}
(a) n(b) = n(A) (b) n(B) > n(A)
(c) n(A) = n(B) (d) n(A) < n(B)
73. If f(x) = then f(x) is :
(a) An even function (b) An odd function
(c) A composite function (d) None of these
74. If f(x) = + then f(p) + f(q) is equal to :
(a) p + q (b) f(pq)
(c) f(p - q) (d) None of these
75. If a, b, c are in A.P. a, x, b are in G.P. and b, y, c are in G.P. then x2
, b2
, y2
are in:
(a) A.P. (b) G.P.
(c) H.P. (d) None of these
76. If an unbiased coin is tossed once, then the two events Head and Tail are :
(a) Mutually exclusive (b) Exhaustive
(c) Equally likely (d) All (a), (b) and (c)
77. A bag contains 15 one rupee coins, 25 two rupee coins and 10 five rupee coins. If a coin is selected at
random from the bag, then the probability of not selecting a one rupee coin is :
(a) 0.30 (b) 0.70
(c) 0.25 (d) 0.20
78. The odds in favour of one student passing a test are 3:7. The odds against another student passing
at are 3:5. The probability that both pass is:
(a) 7/16 (b) 21/80
(c) 9/80 (d) 3/16
79. According to the statistical definition of probability, the probability of an event A is the :
(a) Limiting value of the ratio of the no. of times the event A occurs to the number of times the
experiment is repeated
(b) The ratio of he frequency of the occurrences of A to the total frequency
(c) The ratio of the frequency of the occurrences of A to the non-occurrence of A
(d) The ratio of the favourable elementary events to A to the total number of elementary events
80. If P(A)= 1/5, P(B)= 1/2 and A and B are mutually exclusive then P(A + B) is:
(a) 7/10 (b) 3/10
(c) 1/5 (d) None of the these
81. If for two events A and B, P(A∩B) = P(A) x P(B), then the two events A and B are :
(a) Independent (b) Dependent
(c) Not equally likely (d) Not exhaustive
82. A bag contains 5 red and 3 yellow balls. Two balls are drawn at random one after the other without
replacement The probability that both balls drawn are yellow is:
(a) 9/64 (b) 3/28
(c) 1/7 (d) None of these.
83. Expected value of a random variable :
(a) Is always positive (b) May be positive or negative
(c) May be positive or negative or zero (d) Can never be zero
84. If x and y are random variables having expected values as 4.5 and 2.5 respectively, then the
expected value of (x - y) is :
(a) 2 (b) 7
(c) 6 (d) 0
85. The probability distribution of a random variable is as follows :
X : 1 2 4 6 8
P : k 2k 3k 3k k
The variance of x is :
(a) 2.1 (b) 4.41
(c) 2.32 (d) 2.47
86. The probability that a person travels by a plane is 1/5 and that he travels by train is 2/3. Find the
probability of his traveling neither by plane nor by train?
(a) 13/15 (b) 2/15
(c) 1/15 (d) None of these
87. What is the no. of trials of a binomial distribution having mean and SD as 3 and 1.5 respectively :
(a) 2 (b) 4
(c) 8 (d) 12
88. In Binomial Distribution if n is infinitely large, the probability p of occurrence of event' is close to
______and q is close to_____.
(a) 0,1 (b) 1,0
(c) 1, 1 (d) none
89. In a binomial distribution with 6 independent trials, the probability of 3 and 4 successes is found to
be 0.2457 and 0.0819 respectively. Find the parameters p and q of the binomial distribution
(a) , (b) ,
(c) , (d) None of these
90. If the mean of a Poisson variable X is 1, what is P (x = at least one)
(a) 0.456 (b) 0.821
(c) 0.632 (d) 0.254
91. A renowned hospital usually admits 200 patients every day. One per cent patients, on an average,
require special room facilities. On one particular morning, it was found that only one special room is
available. What is the probability that more than 3 patients would require special room facilities :
(a) 0.1428 (b) 0.1732
(c) 0.2235 (d) 0.3450
92. It is given that a family of 2 children has a girl, what is the probability that the other child is also a
girl :
(a) 0.50 (b) 0.75
(c) 1/3 (d) 2/3
93. The probability of getting a sum of 17 or more when three dice are thrown is:
(a) 5/2 16 (b) 1/36
(c) 1/54 (d) 1/45
94. 5 letters are placed in 5 addressed envelops. The probability that all the letters are placed wrongly
is.......
(a) (b)
(c) (d) None of these
95. If the difference between the mean and variance of a Binomial distribution of 5 trails is 5/9, then
the distribution is __________ :
(a) (b)
(c) (d)
96. In a poisson distribution p(x = 0) = p(x = 1) = K then the value of K is ___________ :
(a) e (b) 1 / e
(c) e² (d) 1/√e
97. The number of calls arriving at an internal switch board of an office is 96 per hour. Find the
probability that there will be:
(i) Not more than 3 calls on the board in a minute,
(ii) At least four calls in minute on the board. [Given : e- 1.6
= 0.2019]
(a) 0.08 and 0.92 respectively (b) 0.19 and 0.92 respectively
(c) 0.92 and 0.13 respectively (d) 0.92 & 0.08 respectively
98. An urn contains 2 red and 1 green balls, another urn contains 2 red and 2 green balls. An urn was
selected at random and then a ball was drawn from it. If it was found to be red then the
probability that it has been drawn from first urn is:
(a) (b)
(c) (d)
99. A random variable X takes three values -1,2,3 with the respective probabilities P(-1)= 1/3, P(2)=1/3, P(3)=1/3,
then E (|X|) is
(a) 3/2 (b) -5/2
(c) 2 (d) 9/2
100. One number is selected from first 50 natural numbers and other number is selected from next 50
natural numbers. Expected value of their product is :
(a) 5075.25 (b) 1925.25
(c) 1875.25 (d) None of these
Minor Test 3 Dt 17.05.2018
Part A
1 D 21 B 41 A 61 C 81 B
2 B 22 A 42 B 62 B 82 C
3 D 23 C 43 C 63 B 83 D
4 D 24 D 44 B 64 D 84 D
5 A 25 B 45 D 65 D 85 C
6 B 26 B 46 D 66 C 86 B
7 A 27 A 47 C 67 D 87 C
8 A 28 B 48 C 68 C 88 D
9 A 29 D 49 B 69 D 89 B
10 D 30 A 50 A 70 B 90 D
11 D 31 A 51 D 71 B 91 B
12 B 32 C 52 D 72 C 92 B
13 B 33 A 53 D 73 B 93 A
14 D 34 A 54 C 74 B 94 D
15 C 35 B 55 C 75 A 95 A
16 A 36 A 56 C 76 B 96 D
17 A 37 D 57 D 77 C 97 C
18 B 38 B 58 A 78 B 98 A
19 D 39 A 59 C 79 D 99 B
20 A 40 C 60 C 80 A 100 A
Part B
1 A 21 B 41 D 61 C 81 A
2 C 22 B 42 A 62 A 82 B
3 D 23 D 43 C 63 A 83 C
4 A 24 B 44 B 64 A 84 A
5 B 25 A 45 D 65 A 85 B
6 B 26 B 46 A 66 A 86 B
7 D 27 C 47 A 67 A 87 D
8 A 28 B 48 D 68 C 88 A
9 C 29 C 49 C 69 D 89 B
10 C 30 C 50 B 70 D 90 C
11 C 31 B 51 A 71 D 91 A
12 D 32 A 52 C 72 C 92 C
13 C 33 B 53 A 73 B 93 C
14 C 34 C 54 A 74 A 94 A
15 B 35 A 55 C 75 A 95 B
16 A 36 B 56 C 76 D 96 B
17 A 37 C 57 B 77 B 97 D
18 D 38 A 58 A 78 D 98 A
19 D 39 A 59 C 79 A 99 C
20 C 40 C 60 B 80 A 100 B

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Cpt english (minor test 3) (17.5.2018)

  • 1. Admission Start For Sure Success Batch CA INTERMEDIATE May 2019 Limited Seats (Only one Batch for English & one for Hindi Medium) From 21th May 2018 (for Students appearing in CA Foundation May, 2018) From 25th June 2018 (for Students appearing in CPT June, 2018) Registration fee : ` 10,000 In case of negative result of CPT Registration Fee will be refundable. Vidya Sagar Institute K-50, Bhawna Tower, Income Tax Colony, Tonk Road, Near Durga Pura, Bus Stand, Jaipur - 302018 Mobile :- 93514-68666 Ph. :- 7821821250, 7821821251, 7821821252, 7821821253, 7821821254. web : www.vsijaipur.com
  • 2. Result of Sure Success Batch S. No. Name of the Student Sure Success Batch Rank Marks 1 Nikhil Kumar May 2012 AIR 1 605 2 Tanu Garg May 2015 AIR 1 559 3 Gunjan Garg May 2015 AIR 2 559 4 Gaurav Sarawagi May 2017 AIR 1 565 And Many more Rankers from Sure Success Batch
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  • 11. VIDYA SAGAR CAREER INSTITUTE LIMITED CPT Minor Test – 3 (Part – A) Instruction: Maximum Marks: 100 1. Use HB Pencil to fill ovals for correct answer. Time : 2 Hours 2. Each question carry one mark. Date : 17.05.2018 3. Negative marking .25 marks for each wrong answer. 4. No negative marking for unattempted questions. _____________________________________________________________________ 01. Which of the following statement is wrong: (a) Consignor is the owner of the consignment stock. (b) Del-credere commission is allowed by consignor to protect himself from bad debt. (c) Proportionate consignor's expenses is added up with consignment stock. (d) All proportionate consignee's expenses will be added up for valuation of consignment stock. 02. Account Sales indicates : (a) The net amount due from consignor to consignee by way of commission (b) The net amount due from consignee to consignor (c) Net sales effected by consignee (d) None of these 03. If no del - credere commission is paid to the consignee, ____ account will be debited for credit sale : (a) Consignment account (b) Consignee account (c) Consignor account (d) Consignment debtors account 04. Expenses incurred by the consignor on sending the goods to the consignee is Rs.1,000 for insurance, Rs.1,500 on freight and Rs.500 on packing the goods. While expenses incurred by the consignee on behalf of the consignment are Rs.800 on octroi, Rs.600 as godown charges and Rs. 1,200 as selling expenses. The amount to be excluded while calculating consignment stock will be: (a) Rs.2,600. (b) Rs.600. (c) Rs.1,200. (d) Rs.1,800 05. X send out 4000 Boxes to Y costing Rs. 100 each. Consignor's expenses 10,000 1/10th of boxes were lost in consignee's godwon and and treated as normal loss. 2400 boxes were sold by consignee. The value of consignment stock will be : (a) Rs. 1,36,667 (b) Rs. 1,23,000 (c) Rs. 1,20,000 (d) Rs. 1,20,500 06. X sends goods to Y on consignment, but 15% of the goods were lost in transit. Such loss will be borne by : (a) Consignee (b) Consignor (c) Both (a) and (b) (d) Insurance company 07. X of Kolkata sends out goods costing Rs.3,00,000 to Y of Mumbai at cost + 25%. Consignor's expenses Rs.5,000.1/10th of the goods were lost in transit. Insurance claim received Rs. 3,000. The net loss on account of abnormal loss is: (a) Rs. 27,500 (b) Rs. 25,500 (c) Rs. 30,500 (d) Rs. 27,000
  • 12. 08. Consignee is entitled to get a commission of Rs. 25 per article sold plus one fourth of the amount by which gross sale proceeds less his total commission thereon exceeded a sum at the rate of Rs. 125 per articles sold. He sold 450 articles at Rs. 73,800. Commission amount will be: (a) Rs. 12,510 (b) Rs. 10,510 (c) Rs. 10,000 (d) Rs.11,000 09. A of Mumbai sold goods to B of Delhi, the goods are to be sold at 125% of cost which is invoice price. Commission 10% on sales at invoice price and 25% of any surplus realized above invoice price.10% of the goods sent out on consignment, invoice value of which is Rs. 12,500 were destroyed. 75% of the total consignment in sold by B at Rs. 1,00,000. What will be the amount of commission payable to B? (a) Rs. 11,562.5 (b) Rs. 10,000 (c) Rs. 9,000 (d) Rs. 9,700 10. Goods costing Rs. 2,00,000 sent out to consignee at cost + 25%. Invoice price of the goods will be: (a) 240000 (b) 230000 (c) 210000 (d) 250000 11. Naveen of Nagpur sends out 1,000 boxes costing 1,00,000 to Deepak of Delhi at cost +20%consignor's expenses were: Freight Rs. 6,000 Insurance Rs. 2,000 Consignee's expenses were : Loading and Unloading charges Rs. 10,000 Salesman salary Rs. 6,000 and Commission 2% on Gross sales. What will be the amount of profit if 3/4th goods sold by consignee at Rs. 1,00,000: (a) Rs. 5500 (b) Rs. 6500 (c) Rs. 7500 (d) Rs. 3500 12. Goods sent on consignment Rs. 7,60,000.Opening consignment stock Rs. 48,000. Cash sales Rs. 7,00,000. Consignor's expenses Rs. 20,000.Consignee's expenses Rs. 12,000. Commission Rs. 20,000. Closing consignment stock Rs. 3,00,000. The profit on consignment is: (a) Rs. 1,50,000 (b) Rs. 1,40,000 (c) Rs. 92,000 (d) None 13. Rabin consigned goods for the value of Rs.8,250 to Raj of Kanpur and paid freight etc. of Rs.650 and insurance Rs.400. He drew a bill on Raj for 3 months after date for Rs. 3,000 as an advance against consignment, and discounted the bill for Rs.2,960. Further, he received Account sales from Raj showing that, part of the goods had realized gross Rs. 8,350 and that his expenses and commission amounted to Rs. 870. The stock unsold was valued at Rs. 2750. Consignee wants to remit a draft for the amount due. The amount of draft will be: (a) Rs. 2,130 (b) Rs. 4,480 (c) Rs. 5,130 (d) Rs. 5,090 14. Normal loss on consignment is credited to: (a) Consignment Account (b) Consignee's Account (c) Profit & Loss Account (d) Not credited to any account 15. If a venturer draws a bill on his co-venturer and if the drawer discounts the bill with same sets of books maintained, the discounting charges will be borne by________: (a) The drawer of the bill (b) The drawee of the bill (c) The discounting charges will be recorded in memorandum account (d) The discounting charges will be borne by bank
  • 13. 16. A and B were partners in a joint venture sharing profits and losses in the proportion of 3/5th and 2/5th respectively. A supplies goods to the value of Rs. 60,000 and incurs expenses amounting Rs. 6,000. B supplies goods to the value of Rs. 16,000 and his expenses amount to Rs. 3,000. B sells goods on behalf of the joint venture and realizes Rs. 1,20,000. B entitled to a commission of 5% on sales. B settles his account by bank draft. How much amount, B will pay to A as final settlement? (a) Rs. 83,400 (b) Rs. 93,200 (c) Rs. 80,000 (d) Rs. 66,000 17. A and b were partners in a joint venture sharing profits and losses in the proportion of 4/5th and 1/5th respectively. A supplies goods to the value of Rs. 50,000 and incurs expenses amounting to Rs. 5,400. B supplies goods to the value of Rs. 14,000 and his expenses amount to Rs. 800. B sell goods on behalf of the joint venture and realizes Rs. 92,000. B is entitled to a commission of 5% on sales. B settles his account by bank draft. What will be the final remittance? (a) B will remit Rs. 69,160 to A (b) A will remit Rs. 69,160 to B (c) A will remit to Rs. 69,000 to B (d) B will remit Rs. 69,000 to A 18. A and B are doing business separately as building contractors. They undertook jointly to construct a building for a newly started joint stock company for a contract price of Rs. 2,00,000. A Bank A/c is opened in their joint names; A depositing Rs. 50,000 and B Rs. 30,000. They will share profits and losses in ratio of 2/3 and 1/3 respectively. Their transactions were as follows: Paid wages Rs. 60,000 Brought materials Rs. 1,62,000 Contract was completed and the price was duly received. B took stock of materials for the Rs. 6,000. Profit or loss on joint venture will be: (a) Profit Rs. 8,000 (b) Loss Rs. 16,000 (c) Profit Rs. 10,000 (d) Loss Rs.15,000 19. X & Y purchased a building of Rs. 1,00,000 and sold it for Rs. 1,20,000. X had contributed for Rs.60,000 and Rs. 40,000. They decided to share profits in the ratio of their capital contribution. The profit on venture will be: (a) Rs. 12,500 & Rs. 7,500 (b) Rs. 8,000 & Rs. 12.000 (c) Rs. 75,000 & Rs. 12,500 (d) Rs. 12,000 & Rs. 8,000 20. A bought goods of the value of Rs. 10,000 and consigned them to B to be sold by them on a joint venture, profits being divided equally, A paid Rs. 1,000 for freight and insurance. A draws a bill on B for Rs. 10,000. A got it discounted at Rs. 9,500. B sold the goods for Rs. 15,000. Commission payable to B, Rs. 500. Find out the profit on venture? (a) Rs. 3,000 (b) Rs. 3,500 (c) Rs. 4,000 (d) Rs. 3,200 21. A and B entered into a joint venture. They opened a joint bank account by contributing Rs. 2,00,000 each. The expenses incurred on venture is exactly equal to Rs. 2,00,000. Once the work is completed, contract money received by cheque Rs. 4,00,000 and in shares Rs. 50,000. The shares are sold for Rs. 40,000. What will be the profit on venture? (a) Rs. 2,50,000 (b) Rs. 2,40,000 (c) Rs. 4,40,000 (d) Rs. 4,50,000 22. A and B were partners in a joint venture sharing profits and losses in the proportion of 3/5th and 2/5the respectively. A supplies goods to the value of Rs. 80,000 and incurs expenses amounting Rs. 6,000. B supplies goods to the value of Rs. 14,000 and his expenses amount to Rs. 2,000. B sells goods on behalf of the joint venture and realizes Rs. 1,50,000. B entitled to a commission of 5% on sales. B settles his account by bank draft. Find out A's share of profit on venture? (a) Rs. 24,300 (b) Rs. 25,000 (c) Rs. 26,000 (d) Rs. 20,300
  • 14. 23. Consignment account is: (a) Real account (b) Personal account (c) Nominal account (d) None of the above 24. Parties to a bill of exchange are: (a) Drawer. (b) Drawee. (c) Payee. (d) All of the above 25. Bill receivable endorsed are debited to : (a) Debtors A/c (b) Creditors A/c (c) Bills payable A/c (d) Bills receivable A/c 26. If the date of maturity of a bill is a holiday, then the bill will mature on: (a) Next working day. (b) Preceding working day. (c) Holiday itself. (d) Other agreed day. 27. On 16.06.2010 X draws a bill on Y for Rs. 25,000 for 30 days. July 19th is a public holiday. The Maturity date of the bill will be: (a) 19th July, 2010 (b) 18th July, 2010 (c) 20th July, 2010 (d) 16th July, 2010 28. If a bill is drawn on 28th January 2010 for 1 month, it will mature on: (a) 28 February 2010 (b) 3rd March 2010 (c) 2nd March 2010 (d) None of the above 29. Account Sales includes: (a) Sales made (b) Stock left with consignee (c) Commission earned (d) All of above. 30. Under mutual accommodation, Mohan drew a bill on Shyam for Rs.50,000 for 3 months. Proceeds are to be shared equally. Mohan got the bill discounted at 12% p.a. and remits required proceeds to Shyam. The amount of such remittance will be: (a) Rs.24,250. (b) Rs.25,000. (c) Rs.16,167 (d) Rs.32,333. 31. S draws 2 bills of exchange on 1.1.2011 for 3,000 and Rs. 5,000 respectively. The bill of exchange for Rs. 3,000 is for 2 months, while the bill of exchange for Rs. 5,000 is for 3 months. These bills are accepted by K. on 4.3.2011 K requests S to renew the first bill with interest at 18% p.a. for a period of 2 months. S agrees to this proposal. On 20.3.2011 K retires the acceptance for Rs. 5,000 the interest rebate i.e., discount being Rs. 50. Before the due date of the renewed bill K becomes insolvent and only 60 paise in a rupee can be recovered from his estate. How much bad debt will be recorded in the books of S: (a) Rs. 1,236 (b) Rs. 1,854 (c) Rs. 3,090 (d) Rs. 3,000 32. The bill of Rs. 10,000 accepted by Ritesh on 1July 2009, was discounted by Hitesh on 15 July 2009 for Rs. 9,600. On 4th October 2006, the bill was dishonoured and bank notified it for Rs. 200. The amount to be received from Ritesh would be: (a) Rs.10,600 (b) Rs.10,000 (c) Rs.10,200 (d) Rs.10,400 33. On 1.3.2006 X draws a bill on Y for 3 months for Rs. 20,000 on 4.5.2006 Y pays the bill to X at 12% discount, the Amount of discount will be : (a) Rs. 200 (b) Rs. 400 (c) Rs. 600 (d) Rs. 100
  • 15. 34. Ram draws on Aslam a bill for Rs. 60,000 on 1.4.2011 for 2 months. Aslam accepts the bill and sends it to Ram who gets it discounted for Rs. 58,800. Ram immediately remits Rs. 19,600 to Aslam. On due date, Ram being unable to remit the amount due and accepts a bill for Rs. 84,000 for 2 months which is discounted by Aslam for Rs. 82,200. Aslam sends Rs. 14,800 to Ram out of the same. How much discounted will be borne by Ram at the time of 14,800 remittance: (a) Rs. 1,200 (b) Rs. 1,800 (c) Rs. 1,100 (d) Rs. 800 35. On 1st January Shilpa owes Rs. 10,000 and accepts a 3 Month bill for the amount on the date maturity shilpa was not able to meet the bill. She pays Rs. 4000 and asks to draw another bill for three months for the balance amount with interest @ 15% p.a. The amount of interest will be : (a) Rs. 200 (b) Rs. 225 (c) Rs. 500 (d) Rs. 900 36. Mr Bobby sold goods worth Rs 25,000 to Mr Bonny. Bonny immediately accepted a bill on 1.11.09, payable after 2 months. Bobby discounted this bill @ 18% p.a. on 15.11.09. On the due date Bonny failed to discharge the bill. Later on Bonny became insolvent and 50 paise is recovered from Bonny's estate. How much amount of bad debt will be recorded in the books of Bobby? (a) Rs. 12,500 (b) Rs. 9,437 (c) Rs. 11,687 (d) Rs. 13,650 37. Ashish's acceptance to Mohit for Rs. 10,000 discharged by a cash payment of Rs. 2,000 and a new bill for the balance plus Rs. 300 for interest The amount of new bill will be: (a) Rs. 8,000 (b) Rs.10,300 (c) Rs. 12,300 (d) Rs. 8,300 38. A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. The bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discounted by a single cheque. The cheque amount will be: (a) Rs. 98,000 (b) Rs. 98,980 (c) Rs. 99,000 (d) Rs. 99,980 39. On 1st January, 2011, A sells goods for Rs. 10,000 to B and draws a bill at three months for the amount. B accepts it and returns it to A. On 1st March, 2011, B retires his acceptance under rebate of 12% per annum. What will be the amount of rebate? (a) Rs. 100 (b) Rs. 200 (c) Rs. 300 (d) Rs. 50 40. ABC Ltd. sells goods to its approved customers on sale or return basis at a profit of 20% on sales, treating as actual sales. On 26th March, 2010 goods costing Rs.10,000 were sent to Annu Ltd. No confirmation has been received from Annu Ltd. till 31st March, 2010. The amount of stock with customers to be shown as closing stock in the balance sheet of ABC Ltd. as on 31st March, 2010 will be: (a) Rs. 12,500 (b) Rs. 8,000 (c) Rs. 10,000 (d) Nil 41. A company sends its cars to dealers on 'sale or return' basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had cost Rs.55,000 each have been sent on 'sale or return' and have been debited to customers at Rs.75,000 each, cost of goods lying with the customers will be: (a) Rs.1,10,000. (b) Rs. 55,000. (c) Rs. 75,000. (d) None of the above.
  • 16. 42. Umesh sends goods on approval basis as follows: Date Customer's Name Sale price of Good Accepted Goods January, 2009 Goods sent Rs. Returned Rs. Rs. 8 Anna 3,500 3,000 500 10 Babu 2,800 2,800 - 15 Chandra 3,680 - 3,680 22 Desai 1,260 1,000 260 The stock of goods sent on approval basis on 31st January will be. (a) Rs. 500 (b) Nil (c) Rs. 260 (d) None of the above 43. On the basis of following information, Calculate amount of goods sent on consignment: Consignee will charge commission @15% on sales, Advance paid by consignee Rs. 2,26,000, Expenses incurred by consignee ` 10,000, Final remittance ` 70,000. (a) ` 3,06,000 (b) ` 94,118 (c) ` 3,60,000 (d) ` 2,60,100 44. Advance payment for goods consigned by consignee to consignor is adjusted___________ against the amount due by the consignee on account of goods sold and if the advance money deposited by consignee is in the form of security Against the goods then ____________ amount will be adjusted while final payment: (a) Full, Full (b) Full, Proportionate (c) Proportionate, Full (d) Proportionate, Proportionate 45. In which bill there is no consideration: (a) Bills of exchange (b) promissory note (c) renewal of bill (d) accommodation bill 46. Consignor send goods costing to consignee at cost + 25% to consignee. 1/10 of the goods were lost in transit, Invoice price of such goods is 25,000. Consignor Exp. 20,000. Consignee’s exp incurred upto outside godown Rs. 15,000. Consignee sold 90% of the total consigned goods for Rs. 4,00,000 value of closing stock will be : (a) 21,150 (b) 21,300 (c) 20,940 (d) None of these 47. If period/Life of joint venture is more than one year, then Profit/Loss on venture will be calculated: (a) On Completion of Venture (b) On Discontinuation of Venture (c) On Interim basis (d) Either (a) or (b) 48. Maturity date of bill is 20th April 2014. Bill is 65 days after sight. Bill was accepted 20 days later after drawing the bill. Calculate the date on which bill was drawn: (a) 20.01.2014 (b) 14.02.2014 (c) 22.01.2014 (d) 11.02.2014 49. X drawn a bill of Y for ` 3,00,000, for 3 months. x endorse such bill to Z. Z endorse. Such bill to Ram. On the dishonor of bill, In the books of X which Account will be credited: (a) Y (b) Z (c) Ram (d) None of these 50. Which of these is not a part of double entry system: (a) Memorandum Joint Venture A/c (b) Joint Venture A/c (c) Joint Bank A/c (d) Co-venture A/c
  • 17. 51. In consignment Business over-riding commission can be calculated on: (a) Total sales (b) Difference between Actual sale and sales at invoice price (c) Difference between Actual sale and sales at any specified price (d) any of the above 52. Match the following two column : Column A Column B 1. Performa invoice i. issued at the time of purchase return 2. Account sale ii. Send by principal to agent 3. Debit Note iii. Send by agent to principal 4. Credit note iv. Issued at the time of sales return 1 2 3 4 (a) ii iv i iii (b) iii ii I iv (c) ii iii iv i (d) ii iii I iv 53. Mr. Ajay of Delhi consigned to Vijay of Mumbai, goods to be sold at invoice price which represents 125% of cost. Vijay is entitled to a commission of 10% on sales at invoice price and 25% of any excess realized over invoice price. If all the goods consigned were sold except 10% of consigned goods of the invoice value of Rs. 12,500 which was destroyed by fire. Total commission received by Vijay is Rs. 21,875. What is the amount of Sales: (a) Rs 1,00,000 (b) Rs 1,25,000 (c) Rs 1,50,000 (d) Rs 1,55,000 54. When a large number of Articles are sent on sale or return basis. It is necessary to maintain: (a) Sales Journal (b) Goods Returned Journal (c) Sale or Return Journal (d) None of these 55. X send goods to Y on Consignment Basis costing Rs. 4,50,000 consignee sold all the goods for Rs. 6,00,000 out of which 50% sale is on Credit. Commission is 5% on sales. Del-credere commission is 3%. Consignee received only 2,70,000 from debtors. Net amount transferrable to P & L A/c of consignee will be: (a) Rs 48000 (b) Nill (c) Rs. 18,000 (d) Rs. 30,000 56. When a seller send a buyer, a document for acceptance, known as: (a) Proposal (b) Bills of Exchange (c) Draft (d) All of these 57. In case of consignment, expenses of consignor and consignee are given but no additional information is given about consignee’s exp then:- (a) Consignee’s all exp are included for valuation of stock (b) Only proportionate exp of all exp of consignee’s will be included. (c) Proportionate exp of consignee incurred upto outside the godown will be included (d) Consignee’s exp will not be included for stock calculation 58. If consignor draws a bill on consignee and discounted it with the banker the discounting charges will be debited in: (a) General Profit & Loss (b) Consignment A/c (c) Consignee (d) Debtors
  • 18. 59. A and B enter into a joint venture to underwrite the shares of K Ltd. K Ltd make an equity issue of 100000 equity shares of Rs 10 each. 80% of the issue are subscribed by the party. The profit sharing ratio between A and B is 3:2. The balance shares not subscribed by the public, purchased by A and B in profit sharing ratio. How many shares to be purchased by A? (a) 80000 shares (b) 72000 shares (c) 12000 shares (d) 8000 shares 60. Discounting of bill by the drawer is done with________ (a) Creditor. (b) Drawee. (c) Bank. (d) Notary public 61. Under Sale of goods Act, 1930 the terms "goods" means every kind of the movable property and it includes (a) Stock and share (b) Growing crops, grass (c) Both (a) and (b) (d) None of the above 62. Goods which are in existence at the time of the Contract of Sale is known as: (a) present Goods. (b) existing Goods. (c) specific Goods. (d) None of the above. 63. Which of the following is not a form of delivery? (a) Constructive delivery (b) Structured delivery (c) Actual delivery (d) Symbolic delivery 64. Which of the following is a not document of title to goods: (a) Bill of lading (b) Railway receipt (c) Dock warrant (d) Performa invoice 65. Mercantile agent is having an authority to: (a) Sell or consign goods for sale (b) Raise money on the security of goods (c) Sell or buy goods (d) Any of the above 66. In case of sale: (a) Property in goods passes to the buyer. (b) Risk in the goods passes to the buyer. (c) Both the above. (d) None of the above. 67. In a contract of sale, the price may be: (a) Fixed by the contract (b) Agreed to be fixed a manner thereby agreed (c) Determined by course of dealings between the parties (d) All of the above 68. A contract of sale is a contract for sale by sample if it is...........: (a) By operation of law (b) By way of custom or usage of trade (c) By way of an express or implied term in the contract, to the effect (d) By decision of the seller 69. A share certificate: (a) Allows the person named therein to transfer the share mentioned therein by mere endorsement on the back of the certificate. (b) Allows the person named therein to transfer the share mentioned therein by mere delivery of the certificate. (c) Allows the person named therein to transfer the share mentioned therein by mere endorsement on the back of the certificate and the delivery of the certificate (d) None of the above
  • 19. 70. A contract for sale of future goods is...........: (a) Sale (b) Agreement to sell (c) Hire purchase agreement (d) Quasi contract 71. In F.O.B. Contracts, F.O.B. stands for: (a) Free on Bill (b) Free on Board (c) Free on Boarded Ship (d) Free on Bill of Lading 72. Match the following: (i) Sale (a) Ownership is transferred at some future date (ii) Agreement to sell (b) A stipulation which is essential. (iii) Condition (c) Stipulation which is collateral. (iv) Warranty (d) Ownership is transferred Immediately i ii iii iv (a) c b a d (b) c a b d (c) d a b c (d) d c b a 73. In case of sale of goods by sample as well as by description, the implied conditions are that the bulk of the goods: (a) Shall correspond with the sample (b) Correspond with sample as well as description (c) Shall correspond with the description and need not correspond with the sample (d) Shall correspond with the sample and may or may not correspond with the description 74. A sold a tin of disinfectant powder to K without warning knowing fully that if the tin was not opened with care, it will likely to cause injury. K was injured while opening the tin. Which of the following statement(s) is/are correct? (a) A is not liable to K under the Doctrine of caveat emptor. (b) A is liable for the damages. (c) A has no duty to disclose the facts to K. (d) The buyer has the responsibility to enquire about all the things before purchasing the goods. 75. Caveat Emptor means: (a) Let the buyer beware (b) Let the seller beware (c) Let the buyer and seller both beware (d) None of these 76. X, contacts to buy from y 1000 bags of cement. Y sends 1000 bags through truck. When cement arrives it becomes stone by the contract of rainwater. Can X reject the goods? (a) Yes breach of condition as to wholesomeness (b) Yes- conditions as to merchantability (c) No-B never knew himself (d) No- A should have seen it 77. Where the specific goods are to be put in a deliverable state by some act of the seller, the property in the goods is transferred to the buyer when the: (a) Seller has done his act of putting the goods in a deliverable state (b) Buyer comes to known that the goods have been put in a deliverable state (c) Both of these, as it is the requirement of law (d) None of these, as in such a case the contract of sale is void
  • 20. 78. Selection of goods with the intention of using them in performance of the contract and with the mutual consent of the seller and the buyer is known as __________: (a) distribution (b) appropriation. (c) amortization. (d) storage. 79. Which of the following statement is/are correct? (a) The general rule is "unless otherwise agreed, the goods remain at the seller's risk until the property therein is transfered to the buyer, but when the property therein is transferred to the buyer, the goods are at the buyer's risk whether delivery has been made or not". (b) Where the delivery of the goods has been delayed through the fault of either the buyer or the seller, the goods are at the risk of the party in fault as regards any loss which might not have occurred but for such fault. (c) In ordinary circumstances, risk is borne by the buyer only when the property in the goods passes over to him. However, the parties may be special agreement stipulated that risk will pass sometime after or before the property has passed. (d) All of the above 80. In a contract of sale of goods, if the seller is not the owner of goods, then the title of the buyer shall: (a) Be same as that of the seller (b) Not be same as that of the seller (c) Be better than that of the seller (d) None of the above 81. Where under the contract of sale, the seller is bound to send the goods to the buyer, but no time for sending them is fixed, the seller is: (a) Not bound to send them within a month's time (b) Bound to send them, within a reasonable time (c) Bound to send them within a six month's time (d) Bound to send them within a year's time 82. When buyer repudiates the contract before the date of delivery the seller may: (a) Sue for damages (b) Sue for price (c) Rescind the contract (d) None of the above 83. Rights of an unpaid seller include_________: (a) Right of lien (b) Right of stoppage in transit (c) Right of re-sale (d) All of the above 84. Right of resale can be exercised: (a) Where the goods are of perishable nature (b) When the seller expressly reserves a right of resale (c) After giving reasonable notice (d) All of these 85. When the unpaid seller has parted with the goods to a carrier and the buyer has become insolvent, he can exercise : (a) Right of lien (b) Right of resale (c) Right of stoppage in transit (d) None of the above 86. Which one of the following is not an implied warranty? (a) Warranty as to undisturbed possession. (b) Warranty as to existence of encumbrance. (c) Disclosure of dangerous nature of goods. (d) Warranty as to quality or fitness by usage of trade.
  • 21. 87. An auction sale is complete on the __________: (a) delivery of goods (b) payment of price (c) fall of hammer (d) none of the above. 88. Where in an auction sale, the seller appoints more than one bidder, the sale is _____________: (a) Void (b) Illegal (c) Conditional (d) Voidable 89. As per the terms of the contract between a sugar cane factory and the farmers, the factory was to sent its own truck and to collect the sugar cane after the sale was completed. Sugar cane were cut and kept ready by the farmer. During the loading of the sugar cane, the sugar cane was destroyed by fire. Who of the following has to bear the loss after the sale? (a) Sugar cane grower (b) Sugar cane factory (c) Workers of sugar cane factory who ware loading the sugar cane (d) Equally by the farmers and the factory 90. As per section 5 (1) of the Sale of Goods Act, 1930, which of the following is a recognised mode of a contract of sale? (a) The price and delivery of the goods may be agreed to be made in instalments (b) The price and delivery of the goods may be in future (c) the price and delivery of the goods may be agreed to be made immediately (d) All of these 91. A agreed to supply 1,000 bags of rice at Rs. 500 per bag in 10 instalments of 100 bags each. B also agreed to pay the price in 10 equal monthly instalments. This is a: (a) Hire-purchase agreement (b) Contract of sale (c) Sale on approval (d) Conditional sale 92. A agreed to sell to B 10 bales of Egyptian cotton out of 100 bales lying in his godown. But unknown to both the parties, the cotton had already destroyed by the fire. In this case, the contract of sale is: (a) Not void as the contract of sale is for the sale of unascertained goods (b) Void as the goods had already destroyed before the making of the contract of sale (c) A would be liable to pay damages to B for breach of contract on his failure to supply the contracted goods (d) Both (a) and (c) 93. A sold a stolen car to B which was subsequently recovered by the police from B's possession and he (B) was forced to return the same to the true owner. Here, there is breach of implied condition as to: (a) Title (b) Merchantability (c) Fitness for buyer's purpose (d) None of these 94. A told B, a car dealer, that he wanted to purchase a car 'suitable for touring purposes'. B suggested that a 'Bugatti' car would be fit for the purpose. Relying upon this statement, A bought a 'Bugatti' car which turned out to be unfit for touring purposes. Here A: (a) Cannot reject the car, he can claim damages only (b) Can neither reject the car nor claim any damages (c) Can reject the car and have half refund of price (d) Can reject the car and have the refund of the price
  • 22. 95. A agreed to sell to B 100 bottles of oil to be produced by him. A filled the 100 bottles and informed B about the same. B took delivery of 30 bottles and promised to take the delivery of the rest after one week. Before B could take delivery, the oil was destroyed in a fire. In this case, the loss falls upon the: (a) Buyer (b) Seller (c) Both in equal shares (d) Both in the ratio of 30:70 96. A send B bill of lading along with bill of exchange to secure acceptance or payment, B wrongfully retain the bill of lading without acceptance or payment of bill of exchange. Here: (a) Property transferred to B (b) Property not transferred to B (c) Property will be transferred when B accepts or pay the bill (d) Both (b) and (c) 97. Where an unpaid seller who had exercised his right of................ resells the goods, the buyer acquires a good title to the goods as against the original buyer (a) Lien (b) Stoppage in transit (c) Both (a) or (b) (d) None of these 98. Time of tender of delivery must be reasonable hours. What is reasonable hour is question of: (a) Fact (b) Law (c) Fact and law (d) None of these 99. If after arrival of the goods at appointed destination, the carrier acknowledges to the buyer that he is now holding the goods on his behalf, but the buyer instructs the carrier to carry the goods to some other destination, then: (a) Seller's right of lien revives (b) Transit comes to an end (c) Transit does not come to an end (d) None of these 100. In an auction sale, when the sale is not notified to be subject to the right of the seller to bid, it shall.......... for the seller to bid himself or to employ any person to bid at such sale or for the auctioneer knowingly to take any bid from the seller or any person representing him: (a) Not lawful (b) Lawful (c) Fraudulent (d) None of the above
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  • 25. VIDYA SAGAR CAREER INSTITUTE LIMITED CPT Minor Test – 3 (Part – B) Instruction: Maximum Marks: 100 5. Use HB Pencil to fill ovals for correct answer. Time : 2 Hours 6. Each question carry one mark. Date : 17.05.2018 7. Negative marking .25 marks for each wrong answer. 8. No negative marking for unattempted questions. _______________________________________________________ 01. Over the planning period the share of industrial sector in the GDP of India has ___________: (a) increased (b) decreased (c) remained constant (d) remained above 50 percent 02. Occupational structure refers to the: (a) number of people living in a country (b) size of working force in a country (c) distribution of working force among the different occupations (d) occupations available in a country 03. We can say Indian agriculture has become modern since: (a) there has been an increased in the use of high yielding varieties of seeds, fertilizers, pesticides etc. (b) there has been noticeable positive change in the attitude of farmers towards new techniques of production. (c) farmers are increasingly resorting to intensive cultivation, multiple cropping, scientific water management (d) all of the above. 04. What is the approximate share of the agricultural sector in the total employment in India? (a) 46 per cent (b) 60 per cent (c) 50 per cent (d) 70 per cent 05. Which of the following has been specifically established to meet the requirements of credit of the farmers and villagers? (a) ICICI bank (b) Regional Rural Banks (c) State Bank of India (d) EXIM bank 06. Three steel plants in Bhilai, Rourkela and Durgapur were set up in the -------------------: (a) First plan (b) Second plan (c) Third plan (d) Fourth plan 07. The industrial sector faced the process of retrogression and deceleration during: (a) 1950-1965 (b) 1990-2005 (c) 1980-1995 (d) 1965 -1980.
  • 26. 08. Which is the apex body in industrial finance in India? (a) Industrial Development Bank of India (b) Reserve Bank of India (c) State Bank of India (d) Ministry of Industries 09. The service sector in India now accounts for -------------------------------: (a) more than 80 percent of GDP. (b) more than 70 percent of GDP. (c) more than 50 percent of GDP. (d) more than 90 percent of GDP. 10. If NNP figure is available at market prices we will _______indirect taxes and _________subsidies to the figure to get National Income of the economy: (a) Add, subtract (b) Add, divide (c) Subtract, add (d) Subtract, divide 11. Demand for final consumption arises in -----------------------------------: (a) household sector only. (b) government sector only. (c) both household and government sectors. (d) neither household nor movement sector. 12. Identify the item which is not a factor payment: (a) Free uniform to defence personnel (b) Salaries to the members of Parliament (c) Imputed rent of an owner occupied building (d) Scholarships given to scheduled caste students. 13. Service Tax was introduced in the financial year: (a) 1991-92 (b) 2001-02 (c) 1994-95 (d) 1995-96 14. CENVAT stands for : (a) Common Entity Value Added Tax (b) Corporate Entity Value Added Tax (c) Central Value Added Tax (d) None of the above 15. Which of the following statements is correct ? (a) Income tax was abolished in India in 1991 (b) service tax was introduced in the financial year 1994-95 (c) Direct tax code was made application in 2009-10 (d) Estate duty was abolished in 1995 16. Which year is known as 'year of great divide' for India's population? (a) 1921 (b) 1951 (c) 1991 (d) 1981 17. India accommodates ----------------percent of the world's population: (a) 17.5% (b) 11.4% (c) 15.1% (d) 25.8% 18. India's passing through _________ stage of demographic transition: (a) fourth (b) third (c) first (d) second 19. The population of India in 2016 was: (a) 100 crores (b) 101 crores (c) 102 crores (d) more than 128 crores
  • 27. 20. When poverty is taken in relative term and is related to the distribution of income consumption its called: (a) Law line poverty (b) Absolute poverty (c) Relative poverty (d) none 21. SJSRY was launched to: (a) Provide house to the rural poor (b) Provide gainful employment to the urban poor (c) Food security to the rural poor (d) None of above 22. According to National Sample Survey Organisation (NSSO) during 2009-2010. (a) Unemployment rates on the basis of current daily status were same as those on the basis of usual status. (b) Unemployment rates on the basis of current daily status were higher than those on the basis of usual status. (c) Unemployment rates on the basis of current daily status were lower than those on the basis of usual status. (d) None of the above. 23. If 9 people are unemployed and 411 people are in the work force, then people in labour force are: (a) 402 (b) 411 (c) 9 (d) 420 24. ______________measures generally gives the lowest estimate of unemployment: (a) CWS (b) Usual Status (c) CDS (d) CMS 25. NTPC stands for: (a) National Thermal Power Corporation (b) National Tidal Power Corporation (c) National Theological Power Corporation (d) National Talent and Potential Corporation 26. On an estimate electricity generation is about _______ in 2016-17: (a) 137500 MW (b) 319000 MW (c) 33300 MW (d) 74700 MW 27. Of the major 13 ports, ____________ is the top traffic handler: (a) Paradip (b) Vishakhapatnam (c) Kandla (d) Mumbai 28. Over the year, the incidence of malaria has__________: (a) Increased (b) Reduced (c) Remained the same (d) Doubled 29. Which programme was started in 2005-06 to provide electricity to villages? (a) Mahatma Gandhi Electricity (b) Electricity for all (c) Rajiv Gandhi Grameen Vidhutikaran (d) Indira Gandhi Vidhutikaran 30. Which of these is a side effect of deflation? (a) Decreasing unemployment (b) Increase in demand (c) Economic depression (d) Increase in personal expenditure.
  • 28. 31. Pick up the correct statement: (a) Inflation is a persistent fall in the price level (b) The Indian direct tax structure relies on a very narrow population base (c) Mixed income of self-employed means gross profit received by proprietors (d) all of the above 32. Revenue deficit in India is% (a) negative (b) positive (c) zero (d) none of the above 33 The aim of FRBM Act is to reduce gross fiscal deficit to_________% of GDP: (a) 2.5% (b) 3% (c) 1% (d) .25% 34. Presently, _____ continued to be major source of India's import: (a) EU (b) North America (c) Asia and ASEAN (d) South America 35. As per world Bank International debt statistics 2017, India continues to be among _________: (a) Less vulnerable countries (b) More vulnerable countries (c) Both of the above (d) None of the above 36. What is unemployment rate as per ministry of labour and employment in 2015-16: (a) 5.6% (b) 5% (c) 6.6% (d) None of the above 37. Parts of NITI Aayog are: (a) Team India Hub (b) Knowledge and Innovation Hub (c) Both of the above (d) None of the above 38. _________ Revolution is related with fisheries resources: (a) Blue (b) Green (c) White (d) Yellow 39. Which scheme is started to transfer LPG subsidy directly to consumers bank account? (a) DBTL scheme (b) PMJDY (c) JRY (d) MGNREGS 40. How many investment regions along with DMIC have been announced as NIMZ: (a) 16 (b) 24 (c) 8 (d) 32 41. To promote entrepreneurship, “Make in India” scheme includes: (a) New Processes (b) New Infrastructure (c) New Sectors (d) All of the above 42. GVA at basic Price follows from : (a) UN system of National Accounts (b) UK system of National Accounts (c) Both of the above (d) None of the above 43. New series of National accounts is released on which base year: (a) 2004-05 (b) 2008-09 (c) 2011-12 (d) 2015-16
  • 29. 44. Levy of wealth tax is abolished with effect from: (a) 1st April 2015 (b) 1st April 2016 (c) 1st April 2017 (d) 1st April 2018 45. For better cash flows and better working capital management, which tax is related: (a) Excise duty (b) Sales tax (c) Service tax (d) GST 46. How much population of India is multi dimensionally poor: (a) Nearly 54% (b) Nearly 40% (c) Nearly 80% (d) Nearly 70% 47. Padhe Bharat – Badhe Bharat Under SSA was launched is: (a) 2014 (b) 2015 (c) 2016 (d) 2018 48. SDR basket includes: (a) EURO (b) Japanese Yen (c) US Dollar (d) All of the above 49. The difference between members quota and IMF holding of its currency is: (a) SDR (b) GDR (c) RTP (d) All of the above 50. Now bed population ratio is:: (a) 1.03 per 1000 population (b) 0.9 per 1000 population (c) 0.32 per 1000 population (d) 2.4 per 1000 population 51. can be written as: (a) + + + (b) + 2 + 2 + 2 (c) + 2 + 2 + 2 (d) None of the these 52. The sum of three integers in AP is 15 and their product is 80. The integers are: (a) 2, 8, 5 (b) 8, 2, 5 (c) 2, 5, 8 (d) None of these 53. The sum of the series 9, 5, 1,.... to 100 terms is: (a) -18900 (b) 18900 (c) 19900 (d) None of these 54. The sum of the series 1,-1,1,-1,1.............. to 101 terms is equal to: (a) 1 (b) -1 (c) 0 (d) 100 55. The sum of the following is________. 1+ 3 - 5, 7 + 9 - 11, 13+..........................3n terms (a) 2n2 + 3 (b) 5n2 +2 (c) 3n2 - 4n (d) 3n2
  • 30. 56. Find the sum of progression 1, , , , ..............10 terms. (a) 1.9 (b) 1.989 (c) 1.998 (d) 1.89 57. Sum of n terms of the series 0.1 + 0.11 + 0.111 + .... is : (a) 1/9 {n - (1 - (0.1)n )} (b) 1/9 {n - (1 - (0.1)n )/9} (c) n - 1 - (0.1)n /9 (d) None of these 58. If X=1 + 1/3 + 1/32 + ........................∞ Y=1+ 1/4 + 1/42 + ........................∞ Find xy. (a) 2 (b) 1 (c) 8/9 (d) ½ 59. Find three number in G.P such that their sum is 21, and the sum of their squares in 189: (a) 5,7,9 (b) 3,7,11 (c) 3,6,12 (d) 4,8,9 60. Geometric means of p, p2 , p3 _____ Pn will be: (a) Pn+1 (b) (c) (d) None of the above 61. The set {0, 2, 4, 6, 8, 10} can be written as : (a) {2x │ 0 < x < 5} (b) {x : 0 < x < 5} (c) {2x : 0 ≤ x ≤ 5} (d) None of these 62. If A= {1, 3, 5, 7,.............} and B = {2, 4, 6, 8, ............}, then AUB is equal to: (a) Set of all natural members (b) Set of all integers (c) Set of all numbers (d) Set of functions 63. If A ∆ B = (A - B) U (B - A) and A = {1, 2, 3, 4}, B = {3, 5, 7} then A ∆ B is : (a) {1, 2, 4, 5, 7} (b) {3} (c) {1, 2, 3, 4, 5,7} (d) None of these 64. Given A = {2, 3}, B = {4, 5}, C = {5, 6} then A x (B ∩ C) is : (a) {(2, 5), (3, 5)} (b) {(5, 2), (5, 3)} (c) {(2, 3), (5, 5} (d) None of these 65. Out of 2000 employees in an office 48% preferred coffee (c), 54% liked (T), 64% used to smoke (S). Out of the total 28% used C and T, 32% used T and S and 30% preferred C and S, only 6% did none of these. The number having all the three is : (a) 360 (b) 300 (c) 380 (d) None of these 66. Let the domain of x be the set {1}. Which of the following functions are equal to 1 : (a) f(x) = x². g(x) = x (b) f(a) = x.g(x) = 1 - x (c) f(x) = x² + x + 2, g(x) = (x + 1)² (d) none of these 67. If f (x) = then f-1 (x) : (a) 2(x - 1) / (x + 1) (b) 2(x + 1) / ( x - 1) (c) (x + 1) / (x - 1) (d) (x - 1) / (x + 1)
  • 31. 68. If f(x - 1) = x² - 4x + 8 then f(x +1) = ? (a) x² + 8 (b) x² + 7 (c) x² + 4 (d) x² - 4x 69. "Is the square of" over n set of real numbers is: (a) Reflexive (b) Symmetric (c) Transitive (d) None of these 70. If geometric mean (G.M.) of a, b, c, d is 3 then G.M. of , , , will be: (a) 3 (b) 9 (c) 1/9 (d) 1/3 71. If A = {1,2,3} then the relation R ={(1,1), (2,2)(3,3)} is: (a) Symmetric (b) Transitive (c) Reflexive (d) Equivalence 72. If A = {1, 2, 3, 5, 7} and B = {x² : x ε A} (a) n(b) = n(A) (b) n(B) > n(A) (c) n(A) = n(B) (d) n(A) < n(B) 73. If f(x) = then f(x) is : (a) An even function (b) An odd function (c) A composite function (d) None of these 74. If f(x) = + then f(p) + f(q) is equal to : (a) p + q (b) f(pq) (c) f(p - q) (d) None of these 75. If a, b, c are in A.P. a, x, b are in G.P. and b, y, c are in G.P. then x2 , b2 , y2 are in: (a) A.P. (b) G.P. (c) H.P. (d) None of these 76. If an unbiased coin is tossed once, then the two events Head and Tail are : (a) Mutually exclusive (b) Exhaustive (c) Equally likely (d) All (a), (b) and (c) 77. A bag contains 15 one rupee coins, 25 two rupee coins and 10 five rupee coins. If a coin is selected at random from the bag, then the probability of not selecting a one rupee coin is : (a) 0.30 (b) 0.70 (c) 0.25 (d) 0.20 78. The odds in favour of one student passing a test are 3:7. The odds against another student passing at are 3:5. The probability that both pass is: (a) 7/16 (b) 21/80 (c) 9/80 (d) 3/16 79. According to the statistical definition of probability, the probability of an event A is the : (a) Limiting value of the ratio of the no. of times the event A occurs to the number of times the experiment is repeated (b) The ratio of he frequency of the occurrences of A to the total frequency (c) The ratio of the frequency of the occurrences of A to the non-occurrence of A (d) The ratio of the favourable elementary events to A to the total number of elementary events
  • 32. 80. If P(A)= 1/5, P(B)= 1/2 and A and B are mutually exclusive then P(A + B) is: (a) 7/10 (b) 3/10 (c) 1/5 (d) None of the these 81. If for two events A and B, P(A∩B) = P(A) x P(B), then the two events A and B are : (a) Independent (b) Dependent (c) Not equally likely (d) Not exhaustive 82. A bag contains 5 red and 3 yellow balls. Two balls are drawn at random one after the other without replacement The probability that both balls drawn are yellow is: (a) 9/64 (b) 3/28 (c) 1/7 (d) None of these. 83. Expected value of a random variable : (a) Is always positive (b) May be positive or negative (c) May be positive or negative or zero (d) Can never be zero 84. If x and y are random variables having expected values as 4.5 and 2.5 respectively, then the expected value of (x - y) is : (a) 2 (b) 7 (c) 6 (d) 0 85. The probability distribution of a random variable is as follows : X : 1 2 4 6 8 P : k 2k 3k 3k k The variance of x is : (a) 2.1 (b) 4.41 (c) 2.32 (d) 2.47 86. The probability that a person travels by a plane is 1/5 and that he travels by train is 2/3. Find the probability of his traveling neither by plane nor by train? (a) 13/15 (b) 2/15 (c) 1/15 (d) None of these 87. What is the no. of trials of a binomial distribution having mean and SD as 3 and 1.5 respectively : (a) 2 (b) 4 (c) 8 (d) 12 88. In Binomial Distribution if n is infinitely large, the probability p of occurrence of event' is close to ______and q is close to_____. (a) 0,1 (b) 1,0 (c) 1, 1 (d) none 89. In a binomial distribution with 6 independent trials, the probability of 3 and 4 successes is found to be 0.2457 and 0.0819 respectively. Find the parameters p and q of the binomial distribution (a) , (b) , (c) , (d) None of these 90. If the mean of a Poisson variable X is 1, what is P (x = at least one) (a) 0.456 (b) 0.821 (c) 0.632 (d) 0.254
  • 33. 91. A renowned hospital usually admits 200 patients every day. One per cent patients, on an average, require special room facilities. On one particular morning, it was found that only one special room is available. What is the probability that more than 3 patients would require special room facilities : (a) 0.1428 (b) 0.1732 (c) 0.2235 (d) 0.3450 92. It is given that a family of 2 children has a girl, what is the probability that the other child is also a girl : (a) 0.50 (b) 0.75 (c) 1/3 (d) 2/3 93. The probability of getting a sum of 17 or more when three dice are thrown is: (a) 5/2 16 (b) 1/36 (c) 1/54 (d) 1/45 94. 5 letters are placed in 5 addressed envelops. The probability that all the letters are placed wrongly is....... (a) (b) (c) (d) None of these 95. If the difference between the mean and variance of a Binomial distribution of 5 trails is 5/9, then the distribution is __________ : (a) (b) (c) (d) 96. In a poisson distribution p(x = 0) = p(x = 1) = K then the value of K is ___________ : (a) e (b) 1 / e (c) e² (d) 1/√e 97. The number of calls arriving at an internal switch board of an office is 96 per hour. Find the probability that there will be: (i) Not more than 3 calls on the board in a minute, (ii) At least four calls in minute on the board. [Given : e- 1.6 = 0.2019] (a) 0.08 and 0.92 respectively (b) 0.19 and 0.92 respectively (c) 0.92 and 0.13 respectively (d) 0.92 & 0.08 respectively 98. An urn contains 2 red and 1 green balls, another urn contains 2 red and 2 green balls. An urn was selected at random and then a ball was drawn from it. If it was found to be red then the probability that it has been drawn from first urn is: (a) (b) (c) (d) 99. A random variable X takes three values -1,2,3 with the respective probabilities P(-1)= 1/3, P(2)=1/3, P(3)=1/3, then E (|X|) is (a) 3/2 (b) -5/2 (c) 2 (d) 9/2
  • 34. 100. One number is selected from first 50 natural numbers and other number is selected from next 50 natural numbers. Expected value of their product is : (a) 5075.25 (b) 1925.25 (c) 1875.25 (d) None of these
  • 35. Minor Test 3 Dt 17.05.2018 Part A 1 D 21 B 41 A 61 C 81 B 2 B 22 A 42 B 62 B 82 C 3 D 23 C 43 C 63 B 83 D 4 D 24 D 44 B 64 D 84 D 5 A 25 B 45 D 65 D 85 C 6 B 26 B 46 D 66 C 86 B 7 A 27 A 47 C 67 D 87 C 8 A 28 B 48 C 68 C 88 D 9 A 29 D 49 B 69 D 89 B 10 D 30 A 50 A 70 B 90 D 11 D 31 A 51 D 71 B 91 B 12 B 32 C 52 D 72 C 92 B 13 B 33 A 53 D 73 B 93 A 14 D 34 A 54 C 74 B 94 D 15 C 35 B 55 C 75 A 95 A 16 A 36 A 56 C 76 B 96 D 17 A 37 D 57 D 77 C 97 C 18 B 38 B 58 A 78 B 98 A 19 D 39 A 59 C 79 D 99 B 20 A 40 C 60 C 80 A 100 A
  • 36. Part B 1 A 21 B 41 D 61 C 81 A 2 C 22 B 42 A 62 A 82 B 3 D 23 D 43 C 63 A 83 C 4 A 24 B 44 B 64 A 84 A 5 B 25 A 45 D 65 A 85 B 6 B 26 B 46 A 66 A 86 B 7 D 27 C 47 A 67 A 87 D 8 A 28 B 48 D 68 C 88 A 9 C 29 C 49 C 69 D 89 B 10 C 30 C 50 B 70 D 90 C 11 C 31 B 51 A 71 D 91 A 12 D 32 A 52 C 72 C 92 C 13 C 33 B 53 A 73 B 93 C 14 C 34 C 54 A 74 A 94 A 15 B 35 A 55 C 75 A 95 B 16 A 36 B 56 C 76 D 96 B 17 A 37 C 57 B 77 B 97 D 18 D 38 A 58 A 78 D 98 A 19 D 39 A 59 C 79 A 99 C 20 C 40 C 60 B 80 A 100 B