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Discuss cpt 2012 june questions

NAFI (consultant) (30 Points)

18 June 2012

HI FRIENDS ..............

Im new to this forum, i have been watching activities here...it helped me verymuch....i have written cpt june exam ...so shall we discuss mcqs of this exam..........

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15 Replies

Sudarsan N Raghavan (IPCC) (73 Points)
Replied 18 June 2012

Hello Nafi,

Even I gave my CPT exam yesterday and I found it reasonably easy. :)

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intermediate(ipc)course (no) (1460 Points)
Replied 18 June 2012

math queston much tough....

PRATIBHA AGARWAL (ACCOUNTANT & AUDITOR) (65 Points)
Replied 18 June 2012

It was avg question paper ......... just Maths was lit bit tough....but it went nys hoping 2 clear.....n hbu all frns ?

Sudarsan N Raghavan (IPCC) (73 Points)
Replied 18 June 2012

Actually I did not expect maths to be any easier. Passing is definitely not a matter of concern. Hopefully I should get distinction.

Mahitha (student) (29 Points)
Replied 20 June 2012

Hi friends! I have also given the CPT June exam. I found maths to be vry hard. Can u discuss some of the questions?

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Ansari Mohammed Shoaib (me) (111 Points)
Replied 20 June 2012

Answer these.

1)a minor can be admitted in partnership....

a)majority of all partners

b)permission from guardian

c)statutory requirement

d)all of the above

2)An action to deceit,there must be proof of...........(sorry i dont know the Q. correctly)

a)fraud

b)misrepresentation

c)mistake

d)coercion

THIPPESWAMY M (Chartered Accountant in Practice) (66 Points)
Replied 21 June 2012

Hi,

Can any body tell me where i can get cpt question paper june 2012???

Sudarsan N Raghavan (IPCC) (73 Points)
Replied 21 June 2012

Hello Ansari,

The answer to your first question is something I am not very sure of as a minor can be admitted to benfits of a partnership with the consent of all partners. So wait for some one who is sure of it to confirm.

The annwer to your 2nd question is Fraud. Deceit is trying to provide worng information to party with the intention of deceiving them. So it is fraud.

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Ansari Mohammed Shoaib (me) (111 Points)
Replied 21 June 2012

price output equilibrium is determined by?

Sudarsan N Raghavan (IPCC) (73 Points)
Replied 21 June 2012

It depends on the market actually. For perfect competition market, price-output equilibrium is at the point where MR=MC.

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kmbt1 (STUDENT) (24 Points)
Replied 22 June 2012

I AM REMEMBER SOME OF THE QUESTIONS OF ECONOMICS CPT JUNE 2012 I AM ATTACHING BUT IT IS NOT COMPLETE QUESTION .IT IS JUST LIKE A HINT 1 INDUCTIVE METHOD a. GENERAL TO PARTICULAR b. PARTICULAR TO GENERAL 2 EXISTENCE OF PRICE MECHANISM a. SOCIALIST ECONOMY b. CAPITALIST ECONOMY c. MIXED ECONOMY 3 EXISTENCE OF DUAL PRICING a. CAPITALIST ECONOMY b. SOCIALIST ECONOMY c. MIXED ECONOMY 4 ALLOCATE RESOURCES IN CAPITALIST ECONOMY a. PRODUCER b. DEVELOPER c. PLANNER 5 COST OF PRICE IS EQUAL TO 5 AND MU IS 1 AND CONSUMER BOUGHT 3 UNIT WHAT IS THE CONSUMER SURPLUS a. 2 b. 3 c. 2.5 6 CHANGE IN DEMAND IS a. INCOME ELASTICITY OF DEMAND b. PRICE ELASTICITY OF DEMAND 7 EXPANSION AND CONTRACTION OF DEMAND IS a. CHANGE IN PRICE b. CHANGE IN PRICE OF RELATED COMMODITY 8 PRICE ELASTICITY OF DEMAND MORE THAN 1 IS a. HORIZONTAL b. VERTICAL 9 MOVEMENT ALONG THE DEMAND CURVE IS DUE TO a. PRICE OF RELATED COMMODITY b. CHANGE IN PRICE 10 THE FUNCTIONS OF ENTERPENEUR a. INITIATING b. INNOVATION c. RISK BEARING d. ALL THE ABOVE 11 LONG RUN IS a. VARIABLE PROPOTION b. RETURN TO SCALE 12 MP IS EQUAL TO ZERO THEN TP IS a. HIGHEST b. RISING 13 PAIN,DISCOMFORT IS a. IMPLICIT COST b. EXPLICIT COST 14 AVERAGE REVENUE IS ALSO KNOWN AS a. AVERAGE COST 15 THE FIRM IS SHUTDOWN a. AR=AC b. ARAC d. AR>AVD 16 SELLING COST INCURRED a. MONOPOLY b. PERFECT COMPETITION c. MONOPOLISTIC COMPETION 17 GNP =GDP MINUS a. DEPRECIATION b. FACTOR COST 18 VALUE ADDED METHOD NOT INCLUDE a. BROKERAGE AND COMMISSION ON SELL OF SECOND HAND MOTOR b. SECOND HAND MOTORS 19 DENSITY OF POPULATION IN 2001 20 THE RAPID GROWTH OF POPULATION DUE TO a. HIGH BIRTH RATE b. LOW DEATH RATE c. IMMIGRATION d. ALL THE ABOVE 21 UNEMPLOYMENT AND POVERTY INTER RELATED 22 IRDP AND MILLION WALL SCHEME CONSOLIDATED WITH a. SWARAN JYANTI GRAM SWAROZGAR YOJANA 23 STAGFLATION DUE TO 24 FISCAL IS 25 FERA REPLACE a. FEMA 26 PRIVATISATION MEANS a. TRANSFER OF OWNERSHIP OWNERSHIP b. ENCOURAGE PVT ENTERPRISES c. BATH A AND B 27 WTO IS a. TRADE BETWEEN NATIONS 28 M3 CURRENCY EQUAL TO a. COIN AND CURRENCY NOTES WITH PUBLIC b. M1 +POST OFFICE SAVING c. M1+TIME DEPOSIT OF THE PUBLIC WITH BANK 29 RBI FOR CREDIT CONTROLLING a. SELLING SECURTIES b. REDUCE BANK RATE 30 $=45 NOW IS $=39 WHAT IT IS a. DEPRECIATION b. APPRECIATION c. DEVALUATION 31 INDUSTRY DEVELOPMENT IS DUE TO a. IDBI b. RBI c. MINISTRY OF INDUSTRY 32 SERVICE SECTOR a. INVISIBLE 33 COMMUNICATION a. TRAI 34 1991 STAGNATION DUE TO 35 CURRENT ACCOUNT 36 NORMATIVE SCIENCE a. WHAT IS b. FACT AND c. NEUTRAL ETHICS 37 WHEN DEMAND IS MORE THEN a. ELASTICITY b. PERFECT ELASTICITY c. UNIT ELASTIC d. PERFECT INELASTIC 38 WHEN DEMAND IS FALL 15% AND INCOME FALL 15% 39 RBI NOT DEALS WITH a. PUBLIC b. GOVT c. BANKS 40 UNIT 0 1 2 3 TOTAL COST 620 a. 620 41 PRICE DESCRIMINATION 42