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Consider the following statements.<br>Assertion (A): The 'Balance of Payments' presents a classified record of all receipts on account of goods exported, services rendered and capital received by 'residents' and payments made by them on account of goods imported and services received from capital transferred to 'non-residents' or 'foreigners'.<br>Reason (R): The 'Balance of Payments' of a country is a systematic record of all economic transactions between the 'residents' of a country and the rest of the world.

Correct Answer: Both (A) and (R) are correct and (R) is the right explanation of (A)

Which of the following are examples of cash flow from operating activities as per AS-7?
1. Cash receipts from the sale of goods and the rendering of services.
2. Cash receipts from disposal of intangible assets.
3. Cash receipts from royalties, fees, commissions and other revenue.
4. Cash payments to suppliers for goods and services.
5. Cash proceeds from issuing shares or other similar instruments.
6. Cash payments to and on behalf of employees.
Select the correct answer:

There are 150 residents in a society. Out of them, 50 residents own a motorcycle, 60 residents own a car and 20 residents own both a car and amotorcycle. How many residents neither own a motorcycle nor a car?

Each item consists of six sentences of a passage. The first and sixth sentences are given in the beginning as S1 and S6. The middle four sentences in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences and markyour response accordingly on the Answer Sheet.
S1 :In a globalized world, no country can hope to impose tariffs without affecting its own economic interests.
S6 :The ongoing trade war also threatens the rules-based global trade order which has managed to amicably handle trade disputes between countries for decades.
P :So both the U.S. and China, which have blamed each other for the ongoing trade war, are doing no good to their own economic fortunes by engaging in this tit-for-tat tariff battle.
Q : Apart from disadvantaging its consumers, who will have to pay higher prices for certain goods, tariffs will also disrupt the supply chain of producers who rely on foreign imports.
R : China, which is fighting an economic slowdown, will be equally affected.
S :The minutes of the U.S. Federal Reserve June policy meeting show that economic uncertainty due to the trade war is already affecting private investment in the U.S., with many investors deciding to scale back or delay their investment plans
The correct sequence should be

S1: The right way to get people do things the way you want is not to compel them, drive them or for that matter even beg them or entreat them.
P: The sure way to antagonise an individual is to give him the impression that you are out to force or compel him to do something.
Q: The correct way is, therefore, to arouse a want in them and make them do, whatever you want them to do willingly, happily and eagerly.
R: It is the most difficult thing in the world to make an individual do anything against his will.
S: Even young, innocent children resent being made to do things.
S6: The secret of motivation, therefore, lies in your ability to arouse the right kind of want or thirst in the other people.

The Proper sequence should be:

Consider the following taxes in the Vijayanagar empire and identify wrongly matched pair from the given options:
1. Staladayam- Tax on goods imported from foreign countries
2. Maragdayam- transit duty
3. Mamuladayam- Tax on goods exported to foreign countries

For equity-settled share-based payment transactions, the entity shall measure the goods or services received and the corresponding increase in equity, directly at the . . . . . . . . of the goods or services received, unless that it cannot be estimated reliably

A database has 5 transactions. Of these, 4 transactions include milk and bread. Further, of the given 4 transactions, 2 transactions include cheese. Find the support percentage for the following association rule "if milk and bread are purchased, then cheese is also purchased".

In balance of payment accounts, all goods exported and imported are recorded in

The difference between the value of good(s) and services exported and imported by a country is the measure of

As per Consumer Protection Act 1986, 'unfair trade practice' includes
(1) Falsely represents that the goods/services are of a particular standard, quality or grade
(2) Falsely represents any re-built, second-hand, renovated, reconditioned or old goods as new goods
(3) Represents that the goods or services have sponsorship, approval, performance, characteristics, accessories, uses or benefits which such goods or services do not have