Please,,, help for cpt qusation

Hello,

         I Request To given me cpt exam june-2010 answer  following are qusation.

 1)  A company issues shares at Rs- 10 per share and forfieted shares on which Rs-8 each has been paid up. minimum price of re-issue of shares is ---------

           A) 10   B) 8   C) 5  D) 2

          

2) When demand is increases 20% and income is increases 10 %   what will be income elasticity of demand ?

          A) - 2   B) 3  C) 2  D) 4

3 In straight line demand curve touches two axies x and y while touches y axies the price elasticity of demand is------------

         A) Infinity  B) Zero  C) Both of these  D) None of these

Replies (1)

Hi Amit

I can help u with regard to accounts. The answer to Q No.1 is Rs. 2.

The campany can reissue the forfeitted at a discount, which shall not exceed the previously paid up amount. In that case the maximum discount of re-issues is Rs. 8. In that case the minimum re-issue price shall be Rs. 2.

Do let me know if u have any queries in accounts.

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