A:-Drawee

B:-Drawer

C:-Banker

D:-All the above

Correct Answer:- Option-B

Question54:-The act of buying an asset without having to make full payment in the
immediate future is known as

A:-Finance lease

B:-Hire purchase

C:-Sale and lease back
D:-Operating lease
Correct Answer:- Option-B

Question55:-The rules for how to deal with leases and hire purchase contract are
set out in which accounting standard?

A:-IAS19
B:-IAS12
C:-IAS17
D:-IAS11
Correct Answer:- Option-C

Question56:-Which of these is not part of the planning files of a production planning
and contraol system?

A:-A progress file

B:-A work center master file
C:-An item master files
D:-A routing files

Correct Answer:- Option-A

Question57:-Which of the following statements are correct?

(i) Quartile deviation is 0.6745 of standard deviation

(ii) Standard deviation and Quartile deviation is relative measure of dispersion
(iii) Coefficient of variance is a absolute measure of dispersion

(iv) Standard deviation is always less than range

A:-Statement (i) and (ii) are correct
B:-Statement (ii) and (iii) are correct
C:-Statement (iii) and (iv) are correct
D:-Statement (i) and (iv) are correct
Correct Answer:- Option-D

Question58:-The average marks in English obtained by 300 students is 45. If the
average marks of first and last 100 students are 70 and 20 respectively, then what
is the average marks of remaining students?