CPT Mock Test
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Question 1 of 40
1. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGAccounting for partial reovery from Mr. Tilak of an amont of Rs.2500/- earlier written off as bad debt.
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Question 2 of 40
2. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGThe total of discounts column on the debt side of the cash book, recording cash discount deducted by customers when paying their accounts, is posted to the
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Question 3 of 40
3. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGRs. 1,000/- paid for servicing the company vehicle including Rs.100/- paid for charging the oil.
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Question 4 of 40
4. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGIf an inflow of economic benefits is probable then a contingent asset is disclosed
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Question 5 of 40
5. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGWhich of following is deplated
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Question 6 of 40
6. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGBank reconciliation statement is not prepared to arrive at the bank balance
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Question 7 of 40
7. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGConsignment account is a
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Question 8 of 40
8. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGBank reconciliation statement is prepared to arrive at the bank balance
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Question 9 of 40
9. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGWhich of these is not an objective of inventory valuation?
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Question 10 of 40
10. Question
1 pointsCategory: FUNDAMENTAL OF ACCOUNTINGWhen closing inventory will be overtated it will result in
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Question 11 of 40
11. Question
1 pointsCategory: MERCANTILE LAWSAs a general rule, an agreement with or by a minor is
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Question 12 of 40
12. Question
1 pointsCategory: MERCANTILE LAWSIn England—Consideration is not regarded as good consideration
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Question 13 of 40
13. Question
1 pointsCategory: MERCANTILE LAWSA contract made by an idiot is —
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Question 14 of 40
14. Question
1 pointsCategory: MERCANTILE LAWS_____Does not make the contract voidable.
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Question 15 of 40
15. Question
1 pointsCategory: MERCANTILE LAWSA Qasi contract is ——–
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Question 16 of 40
16. Question
1 pointsCategory: MERCANTILE LAWSOn valid performance of contractual obligations by the parties , the contract —-
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Question 17 of 40
17. Question
1 pointsCategory: MERCANTILE LAWSAn agreement to do an act imposible in itself, is —–
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Question 18 of 40
18. Question
1 pointsCategory: MERCANTILE LAWSQuantum meruit means
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Question 19 of 40
19. Question
1 pointsCategory: MERCANTILE LAWSA contract for the sale of future goods is
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Question 20 of 40
20. Question
1 pointsCategory: MERCANTILE LAWSThe Doctrine of Caveat emptor implies—–
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Question 21 of 40
21. Question
1 pointsCategory: GENERAL ECONOMICSA parrlle supply curve to X- Axis indicates that elasticityi of supply is
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Question 22 of 40
22. Question
1 pointsCategory: GENERAL ECONOMICSMonopolist control over price is
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Question 23 of 40
23. Question
1 pointsCategory: GENERAL ECONOMICSIn a very short period market
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Question 24 of 40
24. Question
1 pointsCategory: GENERAL ECONOMICSSecular period is also known as
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Question 25 of 40
25. Question
1 pointsCategory: GENERAL ECONOMICSCentral bank in India is
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Question 26 of 40
26. Question
1 pointsCategory: GENERAL ECONOMICSSemi variable cost include—
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Question 27 of 40
27. Question
1 pointsCategory: GENERAL ECONOMICSHYVP means
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Question 28 of 40
28. Question
1 pointsCategory: GENERAL ECONOMICSGDP means
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Question 29 of 40
29. Question
1 pointsCategory: GENERAL ECONOMICSNNP at factor cost is known as
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Question 30 of 40
30. Question
1 pointsCategory: GENERAL ECONOMICSPersonal income tax is levied on the income of
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Question 31 of 40
31. Question
1 pointsCategory: QUNTITATIVE APTITUDEThe quickest method to collect primary data is:
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Question 32 of 40
32. Question
1 pointsCategory: QUNTITATIVE APTITUDEThe most attractive method of data presentation is:
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Question 33 of 40
33. Question
1 pointsCategory: QUNTITATIVE APTITUDEThe average discovers:
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Question 34 of 40
34. Question
1 pointsCategory: QUNTITATIVE APTITUDE7th decile is the abscissa of that point on the Ogive whose ordinate is:
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Question 35 of 40
35. Question
1 pointsCategory: QUNTITATIVE APTITUDEWhat is the median for the following observations: 5, 8, 6, 9, 11, 4.
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Question 36 of 40
36. Question
1 pointsCategory: QUNTITATIVE APTITUDEFor calculation of average Speed & Velocity:
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Question 37 of 40
37. Question
1 pointsCategory: QUNTITATIVE APTITUDEThe most commonly used measure of central tendency is:
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Question 38 of 40
38. Question
1 pointsCategory: QUNTITATIVE APTITUDEIf the AM. and GM. of two observations are 5 and 4 respectively, then the two observations are:
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Question 39 of 40
39. Question
1 pointsCategory: QUNTITATIVE APTITUDEIf mean = 5, Standard deviation = 2.6 then the coefficient of variation is:
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Question 40 of 40
40. Question
1 pointsCategory: QUNTITATIVE APTITUDEThe class width of a frequency distribution can be _______ :
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