Cost Accounting

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

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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. 

The difference between product system and project system is:

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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. 

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

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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. 

Which of the following issue relates to micro-economics

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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. 

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

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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. 

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

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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.