cpt june 2010
1Q:WARRANTY IS ...........TO THE MAIN PURPOSE OF THE CONTRACT.
A:COLLATERAL B:VOID C:NECESSARY C:IMPRTANT
2Q:SALE MEANS
A:BUYER BECOMES OWNER OF GOODS B:SELLER IS THE OWNER
3Q:SALES MEANS ............
A:TO REM B: NOT TO REM C:NONE OF THE ABOVE
4Q:UNPAID SELLER HAS.........
A:RIGHT OF LIEN B:RIGHT OF STOPPAGE OF GOODS IN TRANSIT C:RIGHT OF RESALE D:ALL THE ABOVE
5Q:A PERSON WHO HOLDS HIMSELF AS PARTNER THOUGH HE IS NOT A PATNER IS CALLED
A: PATNER BY HOLDING OUT B:SLEEPING PARTNER C:ACTIVE PARTNER D:NONE OF THEABOVE
6Q:IMPLIED AUTHORITY OF PATNER IS
A: TO OPEN A BANK ACCOUNT ON BEHALF OF FIRM IN HIS OWN NAME
B: TO SEND GOOS TO TRADE CREDITORS
C: ALL THE ABOVE D: NONE OF THE ABOVE
7Q:INSOLVENCY OF PATNER NORMALLY RESULTS IN
A: DISSOLUTION OF THE PATNERSHIP
B: DISSOLUTION OF THE FIRM
C: NONE 0F THE ABOVE
8Q:REGISTRATION OF PARNTNERSHIP IS
A: COMPULSARY B: VOLUNTARY
9Q: FIXED ASSETS ARE DOUBLE THE CURRENT ASSETS AND HALF THE CAPITAL .THE CURRENT ASSETS OF THE FIRM ARE 300000 AND INVESTMENTS ARE 800000 .FIND HIS CURRENT LIABILTIES FROM ABOVE
A: 100000 B;200000 C: 300000
10Q :ATM CASH WITHDRAWAL IS
A: IMPLIED CONTRACT B: TACIT CONTRACT C:EXECUTED CONTRACT D:EXECUTORY CONTRACT
11q : MISTAKE OF LAW OF INDIA RESULTS IN AGREEMENT TO BE
A;VOID B: VALID C: VOIDABLE D:NONE OF THE ABOVE
12Q: NECESSITIES GIVEN TO MINOR CAN BE RECOVERED BY
A:MINOR B:MINORS ESTATE C:CANNOT BE RECOVERED
13Q;A PERSON OF UNSOUND MInd can enter in to contract when
A:HE IS UNSOUND MIND
B:HE IS OF SOUND MIND
14Q:A PERSON CAN ENTER IN TO PATNERSHIP WITH
A:A PERSON CITIZEN OF U.K
B:A PVT LTD COMPANY AS A PARTNER
15Q:A PROMISES TO PAY 5OO RUPEES TO B IF IT RAIN AND B PROMISES TO PAY 5OO IF IT DOES NOT RAIN
A: IT IS A QUASI CONTRACT
B: IT IS A WAGERING AGREEMENT
16Q:A CONTRACT MUST MOVE AT THE OPTION OF
A:PROMISEE
B: PROMISOR
17Q:CONTRACT NEED NOT BE PERFORMED WHEN CONTRACT IS
A : BY NOVATION
B: BY RECISSION
C : BY ALTERATION
D ; ALL THE ABOVE
18Q : SCIENCE OF WEALTH AND MANKIND
A:ROBBINS B:MARSHALL C:ADAM SMITH
19Q;OPPORTUNITY COST IS CONTANT ,PPC WOULD BE
A;KINKED CURVE
B:STRAIGHT LINE
C:CONCAVE
20Q:GIFFEN GOODS ARE
A;LUXURY GOODS
B:INFERIOR GOODS
C:NONE OF THE ABOVE
21Q:LUXURY GOODS HAVE ...........INCOME ELASCITY
A;LESS THAN 1
b:MORE THAN 1
C:EQUAL TO 1
22Q:CALCULATE CONSUMER SURPLUS WHEN PRICE IS 180 ,TOTAL SURPLUS OF CONSUMER IS 320 ?
A: 500
B; 140
C: 320
23Q:LAW OF EQUIMARGINAL UTILITY IS ALSO KNOWN AS
A: LAW OF DIMINISHING UTILITY
B: LAW OF PROPORTIONS
C: LAW OR SCALES
24Q :LAW OF INCREASING RETURNS IS DUE TO
A:INDIVISIBILTY OF FACTORS
B: SPECIALISATION
C: EFFICIENT UTILISATION
D: ALL THE ABOVE
25Q : TOTAL OUTPUT TOTAL COST
10 200
20 600
CALCULATE MARGINAL COST
26Q : OUPUT TOTAL COST
0 20
1 40
2 60
3 80
CALCULATE A.F.C OF 20 UNITS
27Q:DIFFERENCE BETWEEN PHYSICAL EXPORTS AND IMPORTS ARE KNOWN AS
A:BALANCE OF PAYMENTS
B:BALANCE OF TRADE
C: BALANCE OF CURRENT ACCOUNT
28q :RBI DISCOUNTS BILLS OF BANK .IT IS KNOWN AS
A : BANK RATE
B : REPO RATE
C : REVERSE REPO RATE
29Q : TO DECRASE LIQUIDITY RBI
A: INCREASES BANK RATE AND CRR
B: DECREASES BANK RATE AND CRR
30Q: ARUGUMENT AGAINST GLOBALISATION
A:EFFICIENT UTILIZATION OF RESOURCES
B:TARIFF BARRIERS WILL INCREASE
C:REDISTRIBUTION OF ECONOMIC POWER
31Q M3 MEANS
A: M1+POST OFFICE DEPOSIT
B: M1+TERM DEPOSIT OF BANK
32Q LENDER OF LAST RESORT MEANS
A: GOVT HELP IN FINANCIAL CRISS OF BANKS
B: RBI HELP IN FINANCIAL CRISS OF BANKS
33Q WHICH IS TRUE?
A:IN INDIA ABSOLUTE POVERTY CONCEPT IS USED
B:ABSOLUTE POVERTY CONCEPT IS USED IN DEVELOPED COUNTRIES
34Q MINIMUM CALORIES REQUIRED FOR URBAN MALE IS
A:2000
B:2100
C:2400
35Q YOU SENT 10 WORKERS FROM YUR FACTORY .NO EFFECT ON YOUR PRODUCTION,THIS TYPE OF UNEMPLOYMENT IS CALLED
A:STRUCTERD UNEMPLOYMENT
B;DISGUISED UNEMPLOYMENT
C;TEMPRARY UNEMPLOYMENT
36Q INFLATION DUE TO INCREASE IN MONEY INCOME IS CALLED..........
37Q MONETARY MEASURES ARE TAKEN BY
A: GOVERNMENT
B: RBI
C: STATE GOVT,
38: SALES INCLUDE
A :GRASS
B: SHARES
C: TREE
D: ALL THE ABOVE
39q : PRICE RIGIDITY IN KINKED DEMAND CURVE IS DUE TO
A: ASSUMPTION OFPRICE RISE WILL NOT BE FOLLOWED AND THE VICE VERSA
B: MANY SELLERS
40q :WHICH SECTOR CONTRIBUTES HIGHEST TO INDIAN ECONOMY?
A: AGRICULTUE
B: INDUSTRIES
C: SERVIC SECTOR
41q G.D.P AT FACTOR COST = GDP AT MARKET PRICE -.........+SUBSIDIES
A: DIRCECT TAXES B: INDIECT TAXES
42 Q IN WHICH FIVE YEAR PLAN IMPORTANCE WAS GIVEN TO BASIC AND HEAVY INDUSTRIES?
A:1 FIVE YEAR PLAN
B:2 FIVE YEAR PLAN
C:3 FIVE YEAR PLAN
D:4 FIVE YEAR PLAN
43 q RURAL ELECTRIFICATION PROGRAMME IS ALSO KNOWN AS
A : RAJIV GANDHI....
B: INDIRA GANDHI,,,,,,
C: MAHATAM GANDHI
44 SARVA SIKHASAN ABHYAN WAS STARTED IN THE YEAR
A: 2001-2002
B: 2002 -2003
C:2005-2006
THESE QUESTION ARE BASED ON MEMORY OF CPT 2010 JUNE,ALL THE BEST TO ALL .
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