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GS Paper IUPSC Prelims 1999
Indian Economic Planning & Growth
Question No. 98Interactive Test Mode
00:00
+2-0.66

Q98. From the balance sheet of a company, it is possible to:

From the balance sheet of a company, it is possible to:

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 1999 • Indian Economy

Correct Answer: Option (C) — determine the size and composition of the assets and liabilities of the company

Concept & Option Breakdown

Standard Reference Verified
  • Option (c) is correct: A balance sheet presents a financial snapshot of a firm's assets, liabilities, and shareholders' equity at a specific point in time, enabling one to assess the composition and scale of what the company owns and owes.
  • Profitability is assessed through the Profit and Loss (Income) statement, and market share is determined via sector/market analyses.
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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 1999 (Q98)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Indian Economic Planning & Growth
Official Answer KeyOption (C) — determine the size and composition of the assets and liabilities of the company

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Frequently Asked Questions — UPSC Prelims 1999 Q98

What is the official answer for UPSC Prelims 1999 GS Paper I Question 98 (Indian Economy)?

The official UPSC answer key for this 1999 Indian Economy (Indian Economic Planning & Growth) question is Option (C): "determine the size and composition of the assets and liabilities of the company". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 1999 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Indian Economic Planning & Growth". You can explore all repeated questions from Indian Economic Planning & Growth in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Indian Economic Planning & Growth UPSC Prelims question using option elimination?

To solve Indian Economic Planning & Growth questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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