Which of the above is NOT a limitation of the Barter system?
(D) It was difficult to decide a fair rate of exchange
Which is NOT CORRECT?
(C) Assets can be tangible or intangible
Which of the above is NOT an intangible asset?
(B) Fixed deposit is a tangible asset
All of the above are assets. Choose the odd one out based on asset type.
(A) Cheque is a financial asset, all others are physical assets
Choose the INCORRECT statement.
(D) Tangible assets can be easily quantified
Which statement is INCORRECT?
(C) Patent secures inventions
For which of the above options can copyrights be granted? (There can be multiple answers)
(A), (B), (D)
In India, how long does copyright last for?
(B) 60 years after death
Which of the above statements is NOT CORRECT?
(C) Financial assets are called liquid assets
Which of the above is NOT CORRECT?
(C) Discretionary expenses are based on choice. Sudden unexpected expenses come under Non-discretionary expenses
In which of the above cases will the brand value of the company increase? (There can be multiple answers.)
(A), (C), (D)
Kiara invented a car engine that runs on fruit skins. She has located an empty garage to house her business, and is ready to begin operations of her new business. Before opening her business, she should apply for a _________
(B) Patent because it is an invention
Paul is a graphic artist who operates a small t-shirt business, “Simply T’s.” He discovered that larger t-shirt companies were using some of his designs. How can Paul protect his t-shirt designs?
(A) Copyright because t-shirt designs are artistic creations
A pantomime is protected by
(A) Copyright as it is similar to theatre/musical play
Monthly expenses of a family are (1) House Rent ₹10,000 (2) Groceries ₹4,000 (3) Washing Machine ₹11,000 (4) Entertainment ₹3,000 (5) Food ₹7,000.
What is the total lumpsum expense and discretionary expense for the month?
(D) Lumpsum ₹11,000, Discretionary ₹3,000
It rained heavily on July 29 and your schoolbooks got damaged. Now you need to repurchase the books. This is an example of _______. (Choose the best possible answer)
(D) Non-discretionary expense. This is sudden unexpected expense
