cpt june 2010

1Q:WARRANTY IS ...........TO THE MAIN PURPOSE OF THE CONTRACT.

A:COLLATERAL B:VOID C:NECESSARY C:IMPRTANT

2Q:SALE MEANS
A:BUYER BECOMES OWNER OF GOODS B:SELLER IS THE OWNER

3Q:SALES MEANS ............

A:TO REM B: NOT TO REM C:NONE OF THE ABOVE

4Q:UNPAID SELLER HAS.........

A:RIGHT OF LIEN B:RIGHT OF STOPPAGE OF GOODS IN TRANSIT C:RIGHT OF
RESALE D:ALL THE ABOVE

5Q:A PERSON WHO HOLDS HIMSELF AS PARTNER THOUGH HE IS NOT A PATNER IS

CALLED
A: PATNER BY HOLDING OUT B:SLEEPING PARTNER C:ACTIVE PARTNER D:NONE
OF THEABOVE

6Q:IMPLIED AUTHORITY OF PATNER IS

A: TO OPEN A BANK ACCOUNT ON BEHALF OF FIRM IN HIS OWN NAME
B: TO SEND GOOS TO TRADE CREDITORS
C: ALL THE ABOVE D: NONE OF THE ABOVE

7Q:INSOLVENCY OF PATNER NORMALLY RESULTS IN

A: DISSOLUTION OF THE PATNERSHIP
B: DISSOLUTION OF THE FIRM
C: NONE 0F THE ABOVE

8Q:REGISTRATION OF PARNTNERSHIP IS
A: COMPULSARY B: VOLUNTARY

9Q: FIXED ASSETS ARE DOUBLE THE CURRENT ASSETS AND HALF THE CAPITAL
.THE CURRENT ASSETS OF THE FIRM ARE 300000 AND INVESTMENTS ARE
800000 .FIND HIS CURRENT LIABILTIES FROM ABOVE
A: 100000 B;200000 C: 300000

10Q :ATM CASH WITHDRAWAL IS

A: IMPLIED CONTRACT B: TACIT CONTRACT C:EXECUTED CONTRACT D:EXECUTORY
CONTRACT

11q : MISTAKE OF LAW OF INDIA RESULTS IN AGREEMENT TO BE

A;VOID B: VALID C: VOIDABLE D:NONE OF THE ABOVE

12Q: NECESSITIES GIVEN TO MINOR CAN BE RECOVERED BY

A:MINOR B:MINORS ESTATE C:CANNOT BE RECOVERED

13Q;A PERSON OF UNSOUND MInd can enter in to contract when

A:HE IS UNSOUND MIND
B:HE IS OF SOUND MIND

14Q:A PERSON CAN ENTER IN TO PATNERSHIP WITH

A:A PERSON CITIZEN OF U.K
B:A PVT LTD COMPANY AS A PARTNER
15Q:A PROMISES TO PAY 5OO RUPEES TO B IF IT RAIN AND B PROMISES TO PAY
5OO IF IT DOES NOT RAIN
A: IT IS A QUASI CONTRACT
B: IT IS A WAGERING AGREEMENT

16Q:A CONTRACT MUST MOVE AT THE OPTION OF

A:PROMISEE
B: PROMISOR

17Q:CONTRACT NEED NOT BE PERFORMED WHEN CONTRACT IS

A : BY NOVATION
B: BY RECISSION
C : BY ALTERATION
D ; ALL THE ABOVE

18Q : SCIENCE OF WEALTH AND MANKIND

A:ROBBINS B:MARSHALL C:ADAM SMITH

19Q;OPPORTUNITY COST IS CONTANT ,PPC WOULD BE

A;KINKED CURVE
B:STRAIGHT LINE
C:CONCAVE

20Q:GIFFEN GOODS ARE

A;LUXURY GOODS
B:INFERIOR GOODS
C:NONE OF THE ABOVE

21Q:LUXURY GOODS HAVE ...........INCOME ELASCITY

A;LESS THAN 1
b:MORE THAN 1
C:EQUAL TO 1

22Q:CALCULATE CONSUMER SURPLUS WHEN PRICE IS 180 ,TOTAL SURPLUS OF

CONSUMER IS 320 ?
A: 500
B; 140
C: 320

23Q:LAW OF EQUIMARGINAL UTILITY IS ALSO KNOWN AS

A: LAW OF DIMINISHING UTILITY
B: LAW OF PROPORTIONS
C: LAW OR SCALES

24Q :LAW OF INCREASING RETURNS IS DUE TO

A:INDIVISIBILTY OF FACTORS
B: SPECIALISATION
C: EFFICIENT UTILISATION
D: ALL THE ABOVE

25Q : TOTAL OUTPUT TOTAL COST

10 200
20 600
CALCULATE MARGINAL COST

26Q : OUPUT TOTAL COST

 0 20
1 40
2 60
3 80
CALCULATE A.F.C OF 20 UNITS

27Q:DIFFERENCE BETWEEN PHYSICAL EXPORTS AND IMPORTS ARE KNOWN AS

A:BALANCE OF PAYMENTS
B:BALANCE OF TRADE
C: BALANCE OF CURRENT ACCOUNT

28q :RBI DISCOUNTS BILLS OF BANK .IT IS KNOWN AS

A : BANK RATE
B : REPO RATE
C : REVERSE REPO RATE

29Q : TO DECRASE LIQUIDITY RBI

A: INCREASES BANK RATE AND CRR
B: DECREASES BANK RATE AND CRR

30Q: ARUGUMENT AGAINST GLOBALISATION

A:EFFICIENT UTILIZATION OF RESOURCES
B:TARIFF BARRIERS WILL INCREASE
C:REDISTRIBUTION OF ECONOMIC POWER

31Q M3 MEANS
A: M1+POST OFFICE DEPOSIT
B: M1+TERM DEPOSIT OF BANK

32Q LENDER OF LAST RESORT MEANS

A: GOVT HELP IN FINANCIAL CRISS OF BANKS
B: RBI HELP IN FINANCIAL CRISS OF BANKS

33Q WHICH IS TRUE?

A:IN INDIA ABSOLUTE POVERTY CONCEPT IS USED
B:ABSOLUTE POVERTY CONCEPT IS USED IN DEVELOPED COUNTRIES

34Q MINIMUM CALORIES REQUIRED FOR URBAN MALE IS

A:2000
B:2100
C:2400

35Q YOU SENT 10 WORKERS FROM YUR FACTORY .NO EFFECT ON YOUR
PRODUCTION,THIS TYPE OF UNEMPLOYMENT IS CALLED
A:STRUCTERD UNEMPLOYMENT
B;DISGUISED UNEMPLOYMENT
C;TEMPRARY UNEMPLOYMENT

36Q INFLATION DUE TO INCREASE IN MONEY INCOME IS CALLED..........

37Q MONETARY MEASURES ARE TAKEN BY

A: GOVERNMENT
B: RBI
C: STATE GOVT,
38: SALES INCLUDE
A :GRASS
B: SHARES
C: TREE
D: ALL THE ABOVE

39q : PRICE RIGIDITY IN KINKED DEMAND CURVE IS DUE TO

A: ASSUMPTION OFPRICE RISE WILL NOT BE FOLLOWED AND THE VICE VERSA
B: MANY SELLERS

40q :WHICH SECTOR CONTRIBUTES HIGHEST TO INDIAN ECONOMY?

A: AGRICULTUE
B: INDUSTRIES
C: SERVIC SECTOR

41q G.D.P AT FACTOR COST = GDP AT MARKET PRICE -.........+SUBSIDIES

A: DIRCECT TAXES B: INDIECT TAXES

42 Q IN WHICH FIVE YEAR PLAN IMPORTANCE WAS GIVEN TO BASIC AND HEAVY
INDUSTRIES?
A:1 FIVE YEAR PLAN
B:2 FIVE YEAR PLAN
C:3 FIVE YEAR PLAN
D:4 FIVE YEAR PLAN

43 q RURAL ELECTRIFICATION PROGRAMME IS ALSO KNOWN AS

A : RAJIV GANDHI....
B: INDIRA GANDHI,,,,,,
C: MAHATAM GANDHI

44 SARVA SIKHASAN ABHYAN WAS STARTED IN THE YEAR

A: 2001-2002
B: 2002 -2003
C:2005-2006
THESE QUESTION ARE BASED ON MEMORY
OF CPT 2010 JUNE,ALL THE BEST TO ALL .