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Multiple Choice Questions
1. Source document for purchase returns:
(A): Debit note
(B): Credit note
(C): Source note
(D): Journal proper
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QA->…………. is the authority empowered to accord Administrative Sanction for the purchase of items of stores exceeding Rs.10000 but below Rs.20000, other than those included in Appendix II of the Store purchase Rules:....
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MCQ-> Venkat, a stockbroker, invested a part of his money in the stock of four companies --- A, B, C and D. Each of these companies belonged to different industries, viz., Cement, Information Technology (IT), Auto, and Steel, in no particular order. At the time of investment, the price of each stock was Rs.100. Venkat purchased only one stock of each of these companies. He was expecting returns of 20%, 10%, 30%, and 40% from the stock of companies A, B, C and D, respectively. Returns are defined as the change in the value of the stock after one year, expressed as a percentage of the initial value. During the year, two of these companies announced extraordinarily good results. One of these two companies belonged to the Cement or the IT industry, while the other one belonged to either the Steel or the Auto industry. As a result, the returns on the stocks of these two companies were higher than the initially expected returns. For the company belonging to the Cement or the IT industry with extraordinarily good results, the returns were twice that of the initially expected returns. For the company belonging to the Steel or the Auto industry, the returns on announcement of extraordinarily good results were only one and a half times that of the initially expected returns. For the remaining two companies, which did not announce extraordinarily good results, the returns realized during the year were the same as initially expected.What is the minimum average return Venkat would have earned during the year?
....
MCQ->Which two statements are true about comparing two instances of the same class, given that the equals() and hashCode() methods have been properly overridden? If the equals() method returns true, the hashCode() comparison == must return true. If the equals() method returns false, the hashCode() comparison != must return true. If the hashCode() comparison == returns true, the equals() method must return true. If the hashCode() comparison == returns true, the equals() method might return true.....
MCQ->M/s. Devi Radiograms, a shop which sells electronic gadgets, marks its merchandise 35% above the purchase price. Until four months ago, purchase price of one Philips DVD player was Rs. 3,000. During the last four months M/s. Devi Radiograms has received four monthly consignments of Philips DVD player at the purchase price of Rs. 2,750, Rs. 2,500, Rs. 2,400, and Rs. 2250. The average rate of decrease in the purchase price of DVD player during these four months is:....
MCQ->Source document for purchase returns:....
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