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Ram transfers a house worth rupees five lakhs to Shyam in lieu of a field worth rupees two lakhs and rupees three lakhs as cash. This transfer is:-
A
A sale
B
An exchange
C
Neither a sale nor an exchange
D
A settlement
Correct Answer:
An exchange
Ram aged 25 years, tell Shyam who is aged 17 years and on account of the death of his father is sad, that if Shyam dies by jumping in a burning pyre of a woman he i.e. Shyam would meet his father in heaven and would find bliss. Shyam, aged 17 years, know that by doing so he would be committing suicide, but on account of instigation by Ram suffers death by jumping in the burning pyre of a woman. Ram is guilty of:
A
Abetment for the suicide committed by Shyam
B
Murder of Shyam
C
No offence
D
Both A and B above
Weights of two friends Ram and Shyam are in the ratio 4 : 5. If Ram's weight is increased by 10% and total weight of Ram and Shyam become 82.8 kg, with an increases of 15%. By what percent did the weight of Shyam has to be increased?
A
19%
B
10%
C
21%
D
16%
Transfer of Property Act:- If 'A' transfers house worth Rs. 2000 to 'B' and 'B' transfers a field worth Rs. 1200 and in additional pay Rs. 800 in cash to 'A' the transfer is-
A
Exchange
B
Sale
C
Sale and Exchange
D
None of these
Ram's son's age is $$\frac{1}{3}$$ of Ram's wife's age. Ram's wife's age is $$\frac{4}{5}$$ of Ram's age and Ram's age is $$\frac{3}{5}$$ of Ram's father's age. Find the age of Ram's son, if Ram's father is 50 years old ?
A
6 years
B
8 years
C
10 years
D
12 years
Principle: Nothing is an offence which is done by a person who, at the time of doing it, is, by reason of intoxication, incapable of knowing the nature of the act, or that he is doing what is either wrong, or contrary to law, provided that the thing which intoxicated him was administered to him without his knowledge or against his will.
Factual Situation: Ram, Shyam and Vipin were friends. Vipin was in love with Anita and wanted to marry her. One day she told him that her marriage was fixed with a rich NRI and that he should not disturb her again in future. Vipin, who became depressed, told this to his friends. Ram suggested that they should go to a nearby bar and drink some Beer so that Vipin could relax. As Vipin was not habituated to drinks, initially he declined but later at the bar Ram told Vipin to take a little Whisky, which he did hesitatingly, After a while Vipin became totally intoxicated and started to say that Anita ditched him. Shyam, who was also drunk then said. " If you are so worried, go and kill her". A little while later all three friends parted company. Vipin went straight to Anita's hostel, called her out and shot her.
A
Vipin is not Iiable for murdering Anita as he did not realize the seriousness of the act as he was drunk
B
Vipin is not liable for the murder as he was forced to drink Whisky when the initial suggestion was to take Beer
C
Vipin and his friends are jointly liable for murdering Anita as the suggestion to 'kill her' developed in the group
D
Vipin is liable for murdering Anita as he was under the influence of a drink, which he took voluntarily
Ram was dispossessed from his house by Shyam for a year. Ram files a suit for possession against Shyam but did not included claim for for damages in it. For claiming damages Ram:
A
Could file a new suit
B
Could not file a new suit
C
Could file a new suit with permission of the court
D
None of the above
Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam.
A
3567
B
3452
C
3087
D
3544
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:
A
1, 3, 4 and 6
B
2, 5 and 6
C
1, 2, 3 and 4
D
2, 3, 4 and 6
A calls up B and asks "Will you sell me your house? SMS me the lowest cash price." B's reply by SMS was "Lowest cash price for my house is rupees 1 crore." A, immediately sent another SMS to B stating "I agree to buy your house for rupees 1 crore, as asked by you." B did not respond and subsequently sold the house to C. B's SMS to A was"
A
An offer
B
An acceptance
C
An invitation to receive offer
D
None of the above
The sum of the ages of Ram and Shyam is 49. The difference between the age of Shyam and twice the age of Ram is 8. What is the age (in years)of Ram?
A
30
B
20
C
19
D
29