ISRO Accounts Officer 2008

Instructions

For the following questions answer them individually

Question 71

Caveat Emptor means:

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Question 72

Partner by holing out means:

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Question 73

If the test checking reveals that the management of the company has committed irregularities in books of account of the company, the auditor’s duty should be :

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Question 74

Price elasticity of demandis best defined as

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Question 75

Relevant cash flows for net present value (NPV) models include all of the following except

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Question 76

Goods worth Rs.500/- given as charity should be credited to :

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Question 77

Marginal cost is less than the average cost when averagecostfalls with

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Question 78

Overabsorbed overheads occur when:

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Question 79

The current ratio and the debt. ratio are used to evaluate a company. In general, a companyshould havea:

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Question 80

An order chequeis written by the drawerin English but he did not write the name of the payee. Payee wrote his namein Hindi script. The cheque is presented for payment by the payee. What should the bank do?

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