Tag: commercial applications

Quizzes (170) Questions (1551)

Questions Related to commercial applications

Multiple choice commercial applications generally accepted accounting principles (gaap) acccounting cycle meaning, need and objectives of accounting accounting process

The secretary of a company is generally appointed by ________________.

  1. Registrar of companies

  2. Central government

  3. Shareholders in AGM

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 A company Secretary is appointed by the resolution of the board. A company secretary is entitled to become the director of the company with the prior permission of the board.

Multiple choice commercial applications generally accepted accounting principles (gaap) acccounting cycle meaning, need and objectives of accounting accounting process

The liability of auditor can be ____________.

  1. Only civil

  2. Only criminal

  3. Either civil or criminal

  4. Civil and/or criminal
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An auditor can face civil liability for negligence and criminal liability for fraud or willful misstatement under various sections of the Companies Act.

Multiple choice commercial applications generally accepted accounting principles (gaap) acccounting cycle meaning, need and objectives of accounting accounting process

________ is concerned with the recording process of accounting.

  1. Ledger

  2. Preparation of profit and loss a/c

  3. Journalising

  4. Balancing and ledger
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The number and kinds of books of accounts kept by any business depends upon its particular need. But there are two major books which must invariably be maintained by every business i.e. journal and ledger. Every transaction is first recorded in the journal which is considered as subsidiary books of account. Journal merely helps the posting of entries in to ledger, that's why it is called as subsidiary books of account.

Multiple choice commercial applications bioenergy biofuels making biofuels technological and industrial development

Energy plantation is

  1. Growing starch/ sugar rich plants

  2. Growing latex rich plants

  3. Growing fuel wood trees

  4. Growing fruit plants
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Energy plantation is growing species of trees and shrubs which can be harvested in a short period of time and can be used for fuel. Plant material can be used as solid fuel by burning wood or they can be converted into other forms like methane by biological activities like decomposition. Also, fuel wood is renewable source of energy and doesn't release harmful pollutants in the atmosphere.
So, the correct answer is 'Growing fuel wood trees'.
Multiple choice commercial applications bioenergy biofuels making biofuels technological and industrial development

Gasohol contains

  1. $50-60\%$ alcohol
  2. $10-15\%$ alcohol
  3. $30-40\%$ alcohol
  4. $80-90\%$ alcohol
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
Gasohol is a mixture of gasoline and alcohol (generally the composition of mixture is 9:1 for gasoline and alcohol i.e. 90% gasoline and 10% alcohol. It is used as fuel in engines. In many countries, gasohol is used as an alternative fuel in engines. The advantage of using gasohol is that there is less emission of pollutants because gasohol burns slowly and completely. However, alcohol based gasohol is expensive so it is not commonly used.
So, the correct answer is '10- 15% alcohol'.
Multiple choice commercial applications bioenergy biofuels making biofuels technological and industrial development

Which one is not a petrocrop?

  1. <p>Euphorbia lathyrus</p>

  2. <p>Calotrophis Procera
    </p>

  3. <p>Jatropha</p>

  4. <p>Hardwickia binata</p>
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Petro-crops are plants that produce latex, containing long chain hydrocarbons, which can be converted into biofuels and used as alternatives in place of petrol or other engine fuels. Euphorbia lathyrus and Calotrophis procera produce latex which is converted into biofuel that has similar composition of hydrocarbons like that of crude oil or other fuels. Jatropha seeds produce oil which is converted into biodiesel and used as an alternative for engine fuels. 
Hardwickia binata, commonly known as anjan, is a deciduous ornamental tree.
So, the correct answer is 'Hardwickia binata'.