Cost Accounting

Which one of the following is the subject matter of the contract?

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Question:

Which one of the following is the subject matter of the contract?

A.

Existing or future goods

B.

Goods perishing before making contract

C.

Goods perishing before sale but after agreement to sell

D.

Any of the above.

Answer» d. Any of the above.

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

Which of these is not a part of GDP for the year 2006?

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Question:

Which of these is not a part of GDP for the year 2006?

A.

Earning of an International fashion show organized in Delhi

B.

Sale of ticket for Republic day parade.

C.

Fee of a practicing Chartered Accountant

D.

A house built in 2000 and first sold in 2006

Answer» d. A house built in 2000 and first sold in 2006

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

A person is said to be of sound mind for the purposes of making a contract if, at thetime when he makes it, he is capable of

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Question:

A person is said to be of sound mind for the purposes of making a contract if, at thetime when he makes it, he is capable of

A.

listening it

B.

hearing it

C.

understanding it

D.

interpreting it

Answer» c. understanding it

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

When work centers are used in optimal sequence to do the jobs, we can:

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Question:

When work centers are used in optimal sequence to do the jobs, we can:

A.

Minimise the set up time

B.

Minimse operation time

C.

Minimise the breakdown of machines

D.

Minimise the utility of facility.

Answer» a. Minimise the set up time

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

Where goods are delivered to the buyer and he refuses to accept them, the buyer isnot bound to

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Question:

Where goods are delivered to the buyer and he refuses to accept them, the buyer isnot bound to

A.

retain them with him.

B.

look-after the goods.

C.

return them to the seller.

D.

store them in his godown.

Answer» c. return them to the seller.

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