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USET Commerce Question Papers Answers
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Vhich of the following are consumers as per the Coisumer ProtectionAct.
1. Saving bank account bolder ofa bank
2. Insurance policyholder
3. A person who hires services of a travelling company
4. A person who purchases soap for hs personal consumption
(A) Only4
(B) 3and4
(C) 2,3,and4
(I)) All ofthcabove
MRTP is related to—
(A) Monopoly and trade restrictions
(B) Inflation contm)
(C) Foreign exchange controi
(D) Rate of interest control
Which of the following is correct:
(A) Assets = Liabilities Capital
(Ii) Assets + Liabilities – Capital
(C) Assets + Capital = Liabilities
(D) Asscls = Capital – Liabilities
A cash tiow statement is
(A) a sumrnaiy of cash triinsactions during the ycar.
(B) a staterrent depicting changc in cash poston from one period to another.
(C) a statement showing the working capital position of a fimi
(I)) a statement showing the financial position ofa finn
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