Tnpsc group 1 group 2 Indian history english online mock test free test -58 2021/tnpsc group 2 online test series@tnpsc online test series

INDIAN HISTORY FREE ONLINE TEST
INDIAN HISTORY FREE ONLINE 


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1/50

Consolidation of two or more existing companies into one is known as

Absorption✔X

Liquidation✔X

Reconstruction✔X

Amalgamation✔X

2/50

Tax clearance certificate is required for

starting new business✔X

a person leaving India✔X

any auditor to practice income tax✔X

any assessor who wants to escape tax✔X

3/50

Bank Reconcilation Statement is

apart of the cash book✔X

a leader account✔X

a part of the Bank Account✔X

a statement prepared to find out the causes for difference between bank column of cash book and pass book✔X

4/50

Net working capital is represented by

total assets minus current liabilities✔X

fixed assets minus current assets✔X

current assets minus current liabilities✔X

cash in hand and stock in trade✔X

5/50

Double entry system of book keeping means

entry in two sets of books✔X

entry for two aspects of the transaction✔X

entry on two dates✔X

entry of two transactions✔X

6/50

Rs. 500/- paid as wages for erecting a machine should be debited to

Wages Account✔X

Profit and Loss account✔X

Machinery Account✔X

Cash account✔X

7/50

Registration is compulsory in the case of

partnership firm✔X

sole traders✔X

company✔X

none of these✔X

8/50

On receipt of which certificate, a private limited company can come into existence?

Initial permission✔X

Certificate of incorporation✔X

Minimum subscription✔X

Bank loans✔X

9/50

Consider the following statements Assertion(A): Government Companies are preparing Balance Sheet every year perfectly. Reason(R): Double entry system are adopted

Both (A) and (R) are true and (R) is the correct explanation of (A)✔X

Both (A) and (R) are true and (R) is not the correct explanation of (A)✔X

(A) is true but (R) is false✔X

(A) is false but (R) is true✔X

10/50

Which of the following is correctly matched?

Producers Co-operative - Loans at lesser interest rate✔X

Consumer Co-operative - Act at district level✔X

Central Co-operative Bank – Get good price✔X

Aims of Co-operative – Each one for every body and everyone for each✔X

11/50

Match List I with List II correctly and select your answer using the codes given below: List I List II Goodwill 1. Trading account Purchaser 2. Balance sheet Real account 3. Profit and loss account Rent paid 4. Relating to properties and assets of a concern

2 1 4 3✔X

1 4 3 2✔X

2 1 3 4✔X

1 3 2 4✔X

12/50

The first annual general body meeting of a company must be held within

12 months of incorporation✔X

15 months of incorporation✔X

18 months of incorporation✔X

21 months of incorporation✔X

13/50

The written record of the business done at a meeting is called

Agenda✔X

Notice✔X

Resolution✔X

Minutes✔X

14/50

The liability of a partner in a partnership firm is

Limited✔X

unlimited✔X

Joint liability✔X

none of these✔X

15/50

Goodwill, Patent, Copyright, Trade Mark are

Fixed Assets✔X

Intangible Assets✔X

Floating Assets✔X

Fictitious Assets✔X

16/50

Debenture holders are the company’s

Owners✔X

Creditors✔X

Customers✔X

none of these✔X

17/50

Industrial Finance Corporation of India was setup in the year

1936✔X

1948✔X

1950✔X

1956✔X

18/50

The present minimum investment limit for small scale industries is

Rs. 60 lakhs✔X

Rs. 3 crores✔X

Rs. 1 Crore✔X

Rs. 2 crores✔X

19/50

FERA is now changed to FEMA, it is

Foreign Exchange Management Action✔X

Foreign Exchange Management Act✔X

Foreign Exchange Marketing Act✔X

all of these✔X

20/50

Which of the following is not a direct tax?

Income Tax✔X

Wealth Tax✔X

Sales Tax✔X

Estate Tax✔X

21/50

Stock in trade is a

current asset✔X

Fictitious asset✔X

Intangible asset✔X

Fixed asset✔X

22/50

An auditor is like a

Mad dog✔X

Watch dog✔X

Thirsty dog✔X

Sniffy dog✔X

23/50

Companies Act was passed in the year

1947✔X

1956✔X

1960✔X

1975✔X

24/50

Management is

an art✔X

a science✔X

both an art and a science✔X

neither art nor science✔X

25/50

India earns maximum foreign exchange from

coffee✔X

Tea✔X

Sugar✔X

rubber✔X

26/50

Custodian of foreign exchange is

Foreign Exchange Bank✔X

State Bank of India✔X

Foreign Bank✔X

Reserve Bank of India✔X

27/50

The main object of packaging is

to attract the consumers✔X

to reduce the price✔X

to prevent the damage✔X

to increase the sales✔X

28/50

Which of the following is correctly matched?

Debenture - Interest✔X

Share - Sole trader✔X

Deposit receipt - Dividend✔X

Promissory note - Share warrant✔X

29/50

Match List I with List II correctly and select your answer the codes given below List I List II Cash book 1. Cheque Endorsement 2. Subsidiary book Noting charges 3. Reserve Bank of India Lender of last resort 4. Dishonor of bills of exchange

4 3 2 1✔X

1 2 4 3✔X

2 1 4 3✔X

1 2 3 4✔X

30/50

The on going Five Year Plan is

9th Plan✔X

10th Plan✔X

8th Plan✔X

7th Plan✔X

31/50

Consolidation is the means to check

inequality of income✔X

subdivision of land✔X

fragmentation of land✔X

subdivision and fragmentation of land✔X

32/50

Which one of the following is correctly matched?

Adam Smith - Wealth✔X

Marshall - Scarcity✔X

Robbins - Welfare✔X

Samuelson - Production✔X

33/50

Long-term lending market is called

Money Market✔X

Capital Market✔X

Loan Market✔X

International Market✔X

34/50

Dumping is a form of

Product differentiation✔X

Sales promotion✔X

Price discrimination✔X

Perfect competition✔X

35/50

The Liquidity preference Theory is introduced by

Marshall✔X

Adam Smith✔X

J.B.Say✔X

Keynes✔X

36/50

In the case of inferior good

demand increases with a fall in price✔X

demand decreases with a fall in price✔X

demand decreases with a rise in price✔X

none of these✔X

37/50

Inspite of the three fold increase in food production, self sufficiency and freedom from hunger has not been achieved in India. Which of the following reasons are for it?1.Green Revolution has been restricted to small pockets.2.The cost of food is very high compared to the earnings of the poor.3.Too much emphasis is laid on the wheat and paddy production.4.The gains of Green Revolution have largely accured to the cash crop rather than food crops. Of these

I,II, III are correct✔X

I,II,IV are correct✔X

I,III, IV are correct✔X

II,III,IV are correct✔X

38/50

Draft Five Year Plans are finally approved by

The President✔X

National Development Council✔X

The Parliament✔X

Planning Commission✔X

39/50

Find the odd one out

IDBI✔X

IFC✔X

RBI✔X

ICICI✔X

40/50

Which technique of production is preferable to India?

Labour- intensive technique✔X

Capital-intensive technique✔X

Both (A) and (B)✔X

none of these✔X

41/50

The non-tax revenues accrue from

Interest receipt✔X

Currency and limit✔X

Irrigation, electricity, public works✔X

All of these✔X

42/50

The biggest public sector undertaking in India is

Indian Railways✔X

ONGC✔X

LIC of India✔X

HMT✔X

43/50

Which of the following is the name of an economist?

Thomas Alva Edison✔X

Marconi✔X

Paul Samuelson✔X

John Higgins✔X

44/50

Consider the following statements: Assertion(A): There is a huge gap between the haves and the have-nots in India. Reason(R): This is mainly due to the law of inheritance which permits the property of the parents to be inherited by their children. Of the statements

I alone is correct✔X

I and III are correct✔X

II and IV are correct✔X

All are correct✔X

45/50

Edit Question here

Both (A) and (R) are true and (R) is the correct explanation of (A)✔X

Both (A) and (R) are true and (R) is not the correct explanation of (A)✔X

(A) is true but (R) is false✔X

(A) is false but (R) is true✔X

46/50

Match List I with List II correctly and select your answer using given below: List I List II 1.Exim Bank 1. 1970 2.Industrial Policy 2. Export and Import Bank 3.Population Policy 3. 1956 4.Industrial Licensing Policy 4. 1976

2 3 4 1✔X

3 2 1 4✔X

2 3 1 4✔X

3 1 2 4✔X

47/50

Consider the following statements: 1.Population growth increases per capita income 2.Population growth results in mass unemployment 3.Population growth would be an obstacle to economic development 4.Population growth increases the standard of living Of the statements:

I alone is correct✔X

II and IV are correct✔X

II and III are correct✔X

I, II and III are correct✔X

48/50

Indian economy is

capitalistic economy✔X

socialistic economy✔X

mixed economy✔X

none of these✔X

49/50

Match List I with List II correctly and select your answer using the codes given below: List I List II 1.IRDP 1. Population control 2.Family welfare measures 2. Trade union 3.Demand for wages 3. Under development 4.Low per capita income 4. Rural development

3 2 1 4✔X

2 3 1 4✔X

4 1 2 3✔X

1 3 2 4✔X

50/50

Bhagawati committee on unemployment was set up in?

1972✔X

1970✔X

1968✔X

1975✔X

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