Question
Statement: A construction worker was buried alive when
mud from a 20-ft high pit collapsed on him and four others. Assumption I: The other four people buried under the mud from the pit have been saved. Assumption II: The 20-ft high pit collapsed owing to spurious quality of construction material used. In each question below a statement is given followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.Solution
Because it is mentioned that one worker was buried alive we can assume that others are safe. There is nothing mentioned about the reason of this accident, hence only Assumption I is implied and correct answer is 1.
Under which menu heading does a balance sheet fall in Tally ERP 9?
Which of the following correctly defines a Bridge Loan?
A central PSU adopts sovereign guarantee-backed debt for a ₹2,000 crore infrastructure project. What impact will this have on its cost of capital?
Bank A/c is generally maintained in the ___?
Following information is available regarding an organization:
Direct material purchased: 1,50,000
Direct material consumed: 80,000
...
What is project financing?
Omega Ltd. has idle capacity and receives a special export order for 2,000 units at ₹420 per unit. Normal price = ₹500. Unit variable cost = ₹350....
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed O/H absorption rate is 1.5 per unit, what is the break even point in Qty if the bu...
When book profits are less than taxable profits:
Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?
