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1. Merchant’ is related to ‘Trade’ in the same way as ‘Doctor’ is related to:
(A) Medicine
(B) Prescription
(C) Healing
(D) Examination
Answer: (D) Examination
2. Fish’ is related to ‘Pisciculture’ in the same way as ‘Bees’ is related to:
(A) Horticulture
(B) Apiculture
(C) Sericulture
(D) Viticulture
Answer: (B) Apiculture
3. Out of the four options given below, three are of a kind while one does not belong to the group. Choose the one which is unlike the others.
(A) Circle: arc
(B) TV: Screen
(C) Book: Cover
(D) Laptop: Charger
Answer: (D) Laptop: Charger
4. “What will come in place of the question mark in the following number series?
114 11510713470?”
(A) 140
(B) 35
(C) 195
(D) 150
Answer: (C) 195
5. In a certain code, WORKABLE is written as VOYZPILD, how will BLUNDERS be written in same code?
(A) CMVOEST
(B) TSEOVMC
(C) YOFMWVIH
(D) HIVWMFOY
Answer: (D) HIVWMFOY
6. “All purses are mobile. All mobile are phones. Some mobiles are rings. No ring is purse. Which Conclusion is right?”
(A) Some purse is ring.
(B) No mobile is ring.
(C) Some phones are purse.
(D) All rings are mobile.
Answer: (C) Some phones are purse.
7. There are seven persons A, B, C, D, E, F and G sitting in a line facing west. E is to the immediate right of G. B is at one of the extreme ends and has E as his neighbour. G is between E and F. C is sitting second from the south end. Who is sitting at the southern end?
(A) A
(B) B
(C) C
(D) E
Answer: (A) A
8. “A – B’ means ‘A is father of B’
‘A + B’ means ‘A is daughter of B’
‘A ÷ B’ means ‘A is son of B’
‘A × B’ means ‘A is wife of B’
Which of the following means P is grandson of S?”
(A) P + Q – S
(B) P ÷ Q × S
(C) P ÷ Q + S
(D) P × Q ÷ S
Answer: (C) P ÷ Q + S
9. Spider : Insect : : Crocodile : ?
(A) Reptile
(B) Mammal
(C) Frog
(D) Carnivore
Answer: (A) Reptile
10. “A – B’ means ‘A is father of B’
‘A + B’ means ‘A is daughter of B’
‘A ÷ B’ means ‘A is son of B’
‘A × B’ means ‘A is wife of B’
In the expression ‘P + Q × T’ how is T related to P ?”
(A) Mother
(B) Father
(C) Son
(D) Brother
Answer: (B) Father
11. Milk : Emulsion : : Butter : ?
(A) Aerosol
(B) Suspension
(C) Sol
(D) Gel
Answer: (D) Gel
12. “A – B’ means ‘A is father of B’
‘A + B’ means ‘A is daughter of B’
‘A ÷ B’ means ‘A is son of B’
‘A × B’ means ‘A is wife of B’
There is sufficient food for 116 men for25 days. After 21 days, 100 men leave the place. For how many days will the rest of the food last for the rest of me men?”
(A) 19 days
(B) 24 days
(C) 29 days
(D) 15 days
Answer: (C) 29 days
13. “All silver are metals. All metals are steel. Some steels are stones. All stones are stands.
I. Some stands are metals. II. Some stones are silver. III. Some stands are steel.
IV. Some stones are steel.”
(A) Only III and IV follow
(B) Only I follows
(C) Only II follows
(D) Only III follows
Answer: (A) Only III and IV follow
14. “All chairs are tables. All tables are songs. Some songs are rhythms. Some rhythms are pillows.
I. Some tables are chairs. II. All tables are rhythms. III. All chairs are songs.
IV. Some pillows are songs.”
(A) Only I and III follow
(B) Only I and IV follow
(C) Only I follows
(D) Only III follows
Answer: (A) Only I and III follow
15. “Some mobiles are pens. Some pens are covers. Some covers are plates. All plates are papers.
I. All mobiles are covers. II. Some pens are papers. III. All plates are pens.
IV. Some papers are mobiles.”
(A) Only I follows
(B) Only II follows
(C) Only I and IV follow
(D) None follows
Answer: (D) None follows
16. “All shoes are tables. Some tables are lanes. All caps are lanes. Some lanes are row.
I. Some tables are rows. II. Some tables are shoes. III. Some rows are caps.
IV. Some lanes are shoes.”
(A) Only I and II follow
(B) Only II follows
(C) Only III follows
(D) Only either I or IV follows
Answer: (B) Only II follows
17. “All brands are bottles. All bottles are machines. All machines are files. All files are roots.
I. Some flies are machines. II. Some brands are roots. III. Some machines are roots.
IV. All brands are flies.”
(A) None follows
(B) Only I follows
(C) Only IV follows
(D) All follow
Answer: (D) All follow
18. I came _____ America.
(A) from
(B) at
(C) in
(D) on
Answer: (A) from
19. I ____ cold.
(A) am
(B) have
(C) had
(D) is
Answer: (A) am
20. ______ car is very old fashioned.
(A) Fatima’s
(B) Fatima is
(C) Fatimas
(D) Fatimas’
Answer: (A) Fatima’s
21. I speak English but he_______.
(A) doesn’t speaks
(B) doesn’t speak
(C) speaks
(D) don’t speak
Answer: (B) doesn’t speak
22. Nowadays everyone ______ internet.
(A) had used
(B) uses
(C) used
(D) use
Answer: (B) uses
23. ______ there anybody in the room?
(A) Are
(B) is
(C) am
(D) if
Answer: (A) Are
24. Where_____ John and Marry yesterday?
(A) was
(B) were
(C) had been
(D) had
Answer: (B) were
25. How long__________ learning English?
(A) have you been
(B) are you
(C) did you
(D) had you
Answer: (A) have you been
26. Are you _______ than her?
(A) more tall
(B) taller
(C) most tall
(D) tallest
Answer: (B) taller
27. You______ see a doctor.
(A) should
(B) have to
(C) must
(D) all of them
Answer: (D) all of them
28. After this you should drive__________.
(A) more carefully
(B) more careful
(C) carefully
(D) carefull
Answer: (A) more carefully
29. Do you go to school? _________
(A) yes, I go
(B) yes, I do
(C) yes, I am going
(D) yes, I am
Answer: (A) yes, I go
30. You____ go to school.
(A) have to
(B) are forced to
(C) have
(D) are ordered to
Answer: (A) have to
31. I hope everyone_____ learned something from this.
(A) had
(B) have
(C) has
(D) has to
Answer: (C) has
32. Which value is reflected in Heracles?
(A) Taking care of one’s children.
(B) Disobeying the gods to follow one’s path.
(C) Disobeying the rules to achieve one’s goals.
(D) Taking responsibility for one’s actions
Answer: (A) taking care of one’s children
33. Select the synonym of carnal
(A) spiritual
(B) sensual
(C) decent
(D) chaste
Answer: (B) sensual
34. Select the option that expresses the given sentence in passive voice: Sujata shared the results of her experiment with her colleagues.
(A) Her colleagues shared the results of her experiment with Sujata
(B) The results of her experiment are being shared with her colleagues by Sujata
(C) The results of her experiment were shared with her colleagues by Sujata
(D) The results of her experiment can be shared with her colleagues by Sujata
Answer: (B) The results of her experiment are being shared with her colleagues by Sujata
35. Kandangi saree, which has got GI tag, is associated to which state?
(A) Karnataka
(B) Kerala
(C) Tamil Nadu
(D) Andhra Pradesh
Answer: (C) Tamil Nadu
36. Peacock parachute spider, which is recently spotted in Eastern Ghat, belongs to the genus
(A) Chilobrachys
(B) Poecilotheria
(C) Avicularia
(D) Mygalomorphae
Answer: (B) Poecilotheria
37. Where was the India’s first automated battery charging and changing station for e-buses inaugurated?
(A) Ahmedabad
(B) Chennai
(C) Bangalore
(D) New Delhi
Answer: (A) Ahmedabad
38. Which mobile application is launched by the government to search for generic medicines?
(A) Janaushadhi Sarvada
(B) Janaushadhi Service
(C) Janaushadhi Safalam
(D) Janaushadhi Sugam
Answer: (D) Janaushadhi Sugam
39. Recently launched book ‘listening, learning and reading’ is based on which leader?
(A) Narendra Modi
(B) Amit Shah
(C) M. Venkaiah Naidu
(D) Ram Nath Kovind
Answer: (C) M. Venkaiah Naidu
40. The book ‘Idea of Justice’ is written by
(A) Amitabh Ghosh
(B) Amartya Sen
(C) Jaswant Singh
(D) S.S. Sodhi
Answer: (B) Amartya Sen
41. From which of the following taxes, the central government gets the maximum revenue?
(A) Corporate Tax
(B) Income Tax
(C) Excise Duties
(D) Custom Duties
Answer: (A) Corporate Tax
42. Which one of the following is the first private telecom company to get a licence to launch a long-distance phone service in India?
(A) Bharti Telesonic
(B) Nokia
(C) Reliance
(D) Airtel
Answer: (A) Bharti Telesonic
43. ‘Namami Gange’ is associated with for clean Ganga-
(A) National Mission
(B) Ganga Action Plan
(C) Smart City Mission
(D) AMRUT
Answer: (A) National Mission
44. The organization which looks after the credit needs of agriculture and rural development is-
(A) FCI
(B) NABARD
(C) IDBI
(D) ICAR
Answer: (B) NABARD
45. Who got the Nobel Peace Prize 2019?
(A) Olga Tokarczuk
(B) Abiy Ahmed Ali
(C) Peter Handke
(D) Michael Kremer
Answer: (B) Abiy Ahmed Ali
46. Where is Saddle Peak in Andaman and Nicobar Islands situated?
(A) Great Nicobar
(B) Middle Andaman
(C) Little Andaman
(D) Northern Andaman
Answer: (D) Northern Andaman
47. What is the name of the disputed coastal area located far from the Gujarat coast between India and Pakistan?
(A) Gulf of Cambay
(B) Sir Creek
(C) Gulf of Khambhat
(D) Mouth of Indus
Answer: (B) Sir Creek
48. River Indus originates at:
(A) Hindukush range
(B) Himalayan range
(C) Karakoram range
(D) Kailash range
Answer: (C) Karakoram range
49. Wahabis were ________ fanatics.
(A) Hindu
(B) Muslim
(C) Christian
(D) Sikh
Answer: (B) Muslim
50. Who was the founder of Seva Sadan in Bombay?
(A) Shiva Narayan Agnihotri
(B) Ramabai Ranade
(C) R.G. Bhandarkar
(D) B.K. Jayakar
Answer: (B) Ramabai Ranade
51. The capital that is consumed by an economy or a firm in the production process is known as
(A) Capital loss
(B) Production cost
(C) Dead-weight loss
(D) Depreciation
Answer: (D) Depreciation
52. Which among the following statement is INCORRECT?
(A) On a linear demand curve, all the five forms of elasticity can be depicted
(B) If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection.
(C) If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves.
(D) The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded.
Answer: (C) If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves.
53. The horizontal demand curve parallel to x-axis implies that the elasticity of demand is
(A) Zero
(B) Infinite
(C) Equal to 1
(D) Greater than zero but less than infinity
Answer: (B) Infinite
54. The producer’s demand for a factor of production is governed by the ____ of the factor.
(A) Price will decrease
(B) Marginal productivity
(C) Availability
(D) Profitability
Answer: (B) Marginal productivity
55. The mean and standard deviation of a sample size 10 were found to be 9.5 and 2.5 respectively. Later on, an additional observation become available. This was 15.0 and was included in the original sample. The mean and standard deviation of 11 observations will be
(A) 10 and 2.5
(B) 10 and 2.86
(C) 11 and 3.86
(D) 12 and 4.86
Answer: (B) 10 and 2.86
56. What is the mode of 5, 7, 9, 12, 10, 15, 7, 8, 7, 25?
(A) 7
(B) 8
(C) 25
(D) 9
Answer: (A) 7
57. Which of the following statements about the production possibility curve is accurate?
(A) The main reason for the rightward shift of the production possibility curve is war
(B) The main reason for the rightward shift of the production possibility curve is migration
(C) The main reason for the rightward shift of the production possibility curve is skill development programmes
(D) The main reason for the rightward shift of the production possibility curve is natural disasters
Answer: (C) The main reason for the rightward shift of the production possibility curve is skill development programmes
58. Which of the following statements reflect the correct situation related to the allocation of the resources?
(A) Allocation of the resources comes under the causes of economic problems
(B) Allocation of the resources comes under the causes of opportunity cost
(C) Allocation of the resources comes under the causes of central problems
(D)Allocation of the resources comes under the causes of marginal demand
Answer: (C) Allocation of the resources comes under the causes of central problems
59. Which of the following statements about the production possibility curve is true?
(A) If a point falls inside the production possibility curve, it indicates that the resources are over utilized
(B) If a point falls inside the production possibility curve, it indicates that the resources are underutilized
(C) If a point falls inside the production possibility curve, it indicates that there is adequate employment in the economy
(D) If a point falls inside the production possibility curve, it indicates that there is inadequate employment in the economy
Answer: (B) If a point falls inside the production possibility curve, it indicates that the resources are underutilized
60. (x + y) (x – y) =
(A) x2 + 2xy − y2
(B) x2 − 2xy + y2
(C) x2 − y2
(D) x2 + yx − y2
Answer: (C) x2 − y2
61. What would be the overall effect on aggregate output if there is an increase in the planned investment spending?
(A) The aggregate output will increase by an amount that is less than the change in investment spending
(B) The aggregate output will increase by an amount that is greater than the change in investment spending
(C)The aggregate output will increase by an amount that is equal to the change in investment spending
(D) The aggregate output will decrease by an amount that is less than the change in investment spending
Answer: (C) The aggregate output will increase by an amount that is equal to the change in investment spending
62. Which of the following statements is accurate about the free market in a nation’s economy?
(A) It is an economy with minimal intervention from the government in trade and minimal regulations
(B) It is an economy with maximum intervention from the government in trade and maximum regulations
(C) It is an economy with maximum intervention from the government in trade and minimal regulations
(D) It is an economy with minimal intervention from the government in trade and maximum regulations
Answer: (A) It is an economy with minimal intervention from the government in trade and minimal regulations
63. Which of the following statements is accurate about the two-sector economy?
(A) The two-sector economy consists of firms and the government
(B) The two-sector economy consists of firms and foreign sector
(C) The two-sector economy consists of households and government
(D) The two-sector economy consists of households and firms
Answer: (D) The two-sector economy consists of households and firms
64. What distinguishes a bank from other financial institutions?
(A)Accepting time deposits as a courtesy
(B) Accepting demand deposits
(C) Lending
(D) Accepting loans and borrowings
Answer: (B) Accepting demand deposits
65. Given CRR = 4% and SLR = 16%, the value of the money multiplier is:
(A) 5
(B) 25
(C) 8.33
(D) 6.25
Answer: (A) 5
66.A primary reason why nations conduct international trade is because
(A) Some nations prefer to produce one thing while others produce another
(B) Resources are not equally distributed to all trading nations
(C) Trade enhances opportunities to accumulate profits
(D) Interest rates are not identical in all trading nations
Answer: (B) Resources are not equally distributed to all trading nations
67. A main advantage of specialization results from:
(A) Economics of large-scale production
(B) The specializing country behaving as a monopoly
(C) Smaller production runs resulting in lower unit costs.
(D) High wages paid to foreign workers
Answer: (A) Economics of large-scale production
68. “Consider the following statements and identify the right ones.
i. Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
ii. The constitution also provides for transferring certain tax revenues from union list to states.”
(A) i only
(B) ii only
(C) both
(D) none
Answer: (B) ii only
69. The tax on net income of companies is
(A) Personal income tax
(B)Interest tax
(C) Wealth tax
(D) Corporation tax
Answer: (D) Corporation tax
70. A Type I error occurs when we:
(A) reject a false null hypothesis
(B) reject a true null hypothesis
(C) do not reject a false null hypothesis
(D) do not reject a true null hypothesis
Answer: (B) reject a true null hypothesis
71. What is the meaning of the term “heteroscedasticity”?
(A) The variance of the errors is not constant
(B) The variance of the dependent variable is not constant
(C) The errors are not linearly independent of one another
(D) The errors have non- zero mean
Answer: (A) The variance of the errors is not constant
72. Deposit Insurance and Credit Guarantee Corporation is a wholly owned subsidiary of which of the following?
(A) SBI
(B) RBI
(C) ICICI
(D) SEBI
Answer: (B) RBI
73. For which of the commodities the unit bpd is used in international trade?
(A) Meat & Livestock
(B) Precious Metals
(C) Industrial metals
(D) Crude oil
Answer: (D) Crude oil
74. Which among the following regulates the opening of bank accounts overseas by Indian residents and for outward or inward remission of funds through authorized channels?
(A) Ministry of External Affairs
(B) Ministry of Finance
(C) Ministry of Overseas Indians
(D) RBI
Answer: (D) RBI
75. The concept Industrial Reserve Army is introduced by
(A) Turgot
(B) Karl Marx
(C) Joan Robinson
(D) J.S. Mill
Answer: (B) Karl Marx
76. __________ is a specialized branch of accounting that keeps track of a company’s financial transactions.
(A) Cost accounting
(B) Management accounting
(C) Financial Accounting
(D) Corporate accounting
Answer: (C) Financial Accounting
77. Financial accountancy is governed by ___________
(A) local standards only
(B) international standards
(C) local as well as international accounting standards
(D) company’s internal top management only
Answer: (C) local as well as international accounting standards
78. In which of the following business organizations there is separation of ownership and management?
(A) Sole-proprietorship
(B) Partnership
(C) Hindu undivided family
(D) Company
Answer: (D) Company
79. The accounting standards Board (India) was formed by the Institute of Chartered Accountants of India in April—————
(A) 1977
(B) 1978
(C) 2001
(D) 2009
Answer: (A) 1977
80. Accounting Standards in India are Issued by the ………..
(A) ICAI
(B) BMCC
(C) IT
(D) IMA
Answer: (A) ICAI
81. Law is either private law or _________ law.
(A) Public
(B) Private
(C) Local
(D)Family
Answer: (A) Public
82. Basic objective of cost accounting is ________
(A) tax compliance.
(B) financial audit.
(C) cost ascertainment.
(D) profit analysis.
Answer: (C) cost ascertainment.
83. Process costing is suitable for ________.
(A) hospitals
(B) oil refining firms
(C) transport firms
(D) brick laying firms
Answer: (B) oil refining firms
84. Cost classification can be done in ________.
(A) two ways
(B) three ways
(C) four ways
(D) several ways
Answer: (D) several ways
85. If Y = aX ± b, where a and b are any two constants and a ∦ 0, then the quartile deviation of Y values is equal to:
(A) a Q.D(X) + b
(B) ∣a∣ Q.D(X)
(C) Q.D(X) – b
(D) ∣b∣ Q.D(X)
Answer: (B) ∣a∣ Q.D(X)
86. For a symmetrical distribution:
(A) β1 > 0
(B) β1 < 0
(C) β1 = 0
(D) β1= 3
Answer: (C) β1 = 0
87.Which of the following is an absolute measure of dispersion?
(A) Coefficient of variation
(B) Coefficient of dispersion
(C) Standard deviation
(D) Coefficient of skewness
Answer: (C) Standard deviation
88._________ refers to accounting relating to corporate bodies or joint stock companies.
(A) Financial accounting
(B) Corporate Accounting
(C) Cost accounting
(D) Management accounting
Answer: (B) Corporate Accounting
89. East India Company is an example of ________
(A) Chartered Companies
(B) Statutory Companies
(C) Registered Companies
(D) OPC
Answer: (A) Chartered Companies
90. What is considered the language of business used to communicate financial information?
(A) Marketing
(B) Profit
(C) Pricing
(D) Accounting
Answer: (D) Accounting
91. The meaning of the acronym HRM is
(A) Human Relations Management
(B) Humanistic Resource Management
(C) Human Resource Management
(D) Human Resourceful Management
Answer: (C) Human Resource Management
92. When did the Companies Act 2013 came into force?
(A) 5th August 2013
(B) 10th August 2013
(C) 15th August 2013
(D) 20th August 2013
Answer: (D) 20th August 2013
93. Any contaminated components that seep into the soil, filtration, and are transferred into the underground reservoir are referred to as
(A) Water Pollution
(B) Noise Pollution
(C) Land Contamination
(D) Air pollution.
Answer: (C) Land Contamination
94. Income Tax Act, 1961 came into force on:
(A) 1 – 1 – 1961
(B) 1 – 4 – 1961
(C) 1 – 1 – 1962
(D) 1 – 4 – 1962
Answer: (D) 1 – 4 – 1962
95. The term money has been derived from the Latin Word:
(A) Moneta
(B) Peconja
(C) Monate
(D) Menoty
Answer: (A) Moneta
96. operating costing is a ________.
(A) method of costing
(B) technique of costing
(C) norm of costing
(D) procedure of costing
Answer: (A) method of costing
97. Investment can be defined as
(A) Person’s dedication to purchasing a house or flat
(B) Use of capital on assets to receive returns
(C) Usage of money on a production process of products and services
(D) Net additions made to the nation’s capital stocks
Answer: (B) Use of capital on assets to receive returns
98. The finance manager is accountable for.
(A) Earning capital assets of the company
(B) Effective management of a fund
(C) Arrangement of financial resources
(D) Proper utilization of funds
Answer: (C) Arrangement of financial resources
99. What is the purpose of a certificate of origin in the export process?
(A) To assess the creditworthiness of the importer
(B) To provide details of the goods and terms of export
(C) To obtain an export license
(D) To prove the origin of the goods for tariff concessions or exemptions
Answer: (D) To prove the origin of the goods for tariff concessions or exemptions
100. Which document is required to obtain an export license?
(A) Export Invoice
(B) Import Export Code (IEC) number
(C) Certificate of Inspection
(D) Registering with Export Credit and Guarantee Corporation (ECGC)
Answer: (B) Import Export Code (IEC) number
