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Cost Accounting

Ankit agrees to pay Bina ₹1500 if it rains today, otherwise Bina pays Ankit ` 2000. Thisis a

» Laws and Ethics solved MCQs /
Question:

Ankit agrees to pay Bina ₹1500 if it rains today, otherwise Bina pays Ankit ` 2000. Thisis a

A.

Gambling

B.

Wagering agreement

C.

Valid agreement

D.

Speculation

Answer» b. Wagering agreement

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Ankit agrees to pay Bina ₹1500 if it rains today, otherwise Bina pays Ankit ` 2000. Thisis a Read More »

» Laws and Ethics solved MCQs

Which of the following agreement is wagering agreement under the Indian ContractAct, 1872?

» Laws and Ethics solved MCQs /
Question:

Which of the following agreement is wagering agreement under the Indian ContractAct, 1872?

A.

Crossword competition involving application of skill and knowledge.

B.

Contract of Insurance.

C.

A promise to pay B ` 1,000 if it rains on Monday.

D.

A agrees to pay B `1,000 if he marries C.

Answer» c. A promise to pay B ` 1,000 if it rains on Monday.

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

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» Laws and Ethics solved MCQs

The difference between product system and project system is:

» Operations Management and Strategic Management solved MCQs /
Question:

The difference between product system and project system is:

A.

Project system the equipment and machinery are fixed where as in product system they are movable

B.

In Product system the machinery and equipment are fixed and in project system they are not fixed

C.

Project system produces only standardized products and product system produces only unstandardised products

D.

Products cannot be stocked whereas projects can be stocked.

Answer» b. In Product system the machinery and equipment are fixed and in project system they are not fixed

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

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» Operations Management and Strategic Management solved MCQs

In which of the following cases, the claim of Quantum Meruitarise

» Laws and Ethics solved MCQs /
Question:

In which of the following cases, the claim of Quantum Meruitarise

A.

When there is no breach of contract

B.

When a contract is discovered to be valid

C.

Where something has been done non gratuitously

D.

Where the contract is divisible

Answer» d. Where the contract is divisible

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

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» Laws and Ethics solved MCQs

Which of the following is NOT the Plant Layout Principle?

» Operations Management and Strategic Management solved MCQs /
Question:

Which of the following is NOT the Plant Layout Principle?

A.

Principle of sequence

B.

Principle of usage

C.

Principle of maximum travel

D.

Principle of minimum investment

Answer» c. Principle of maximum travel

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Which of the following is NOT the Plant Layout Principle? Read More »

» Operations Management and Strategic Management solved MCQs

Which of the following issue relates to micro-economics

» Fundamentals of Economics and Management solved MCQs /
Question:

Which of the following issue relates to micro-economics

A.

Impact of crude price hike on inflation

B.

Impact of change in bank rate on bank saving and investment

C.

Impact of Information technology on economic growth

D.

Impact of shortage of wheat production on wheat prices

Answer» d. Impact of shortage of wheat production on wheat prices

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

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» Fundamentals of Economics and Management solved MCQs

Let a firm employs 10 labourers to produce 150 units of output. If 11 labourers are employed to produce 166 units of output, then the marginal product is

» Fundamentals of Economics solved MCQs /
Question:

Let a firm employs 10 labourers to produce 150 units of output. If 11 labourers are employed to produce 166 units of output, then the marginal product is

A.

11

B.

16

C.

150

D.

166

Answer» b. 16

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Let a firm employs 10 labourers to produce 150 units of output. If 11 labourers are employed to produce 166 units of output, then the marginal product is Read More »

» Fundamentals of Economics solved MCQs

Under Payment of Wages Act, 1936, deduction on account of payment tocooperative societies shall not be more than

» Laws and Ethics solved MCQs /
Question:

Under Payment of Wages Act, 1936, deduction on account of payment tocooperative societies shall not be more than

A.

50% of wages

B.

75% of wages

C.

90% of wages

D.

60% of wages

Answer» b. 75% of wages

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Under Payment of Wages Act, 1936, deduction on account of payment tocooperative societies shall not be more than Read More »

» Laws and Ethics solved MCQs