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CUET 2022 Accountancy Question Paper with Answers & Solutions

50 questions with answer key & explanations

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Q1.
As per Receipts and Payments Account for the year ended on March 31, 2020, subscriptions received were ₹ 2,50,000 subscriptions outstanding on 1-04-2019 ₹ 50,000, Subscriptions received in advance as on 31-3-2020 are ₹ 30,000. Subscriptions for the year 2019-20 will be:
A. ₹ 2,30,000
B. ₹ 1,50,000
C. ₹ 2,40,000
D. ₹ 1,70,000 ✓
Show answer & explanation

Correct answer: D

Subscription for the year = Received 2,50,000 − outstanding of last year (opening outstanding, relates to 2018-19) 50,000 − advance for next year received 30,000 = 2,50,000 − 50,000 − 30,000 = ₹ 1,70,000.

Q2.
At the time of admission of a new partner general reserve appearing in the old balance sheet is transferred to ______
A. All Partner's Capital A/C
B. New Partner's Capital A/C
C. Old Partner's Capital A/C ✓
D. Gaining Partner's Capital A/C
Show answer & explanation

Correct answer: C

Accumulated reserves and profits belong to the old partners and are distributed in their old profit-sharing ratio at the time of admission, i.e. credited to Old Partners' Capital Accounts.

Q3.
Match List I with List II LIST I: Basis of Debenture: A. Tenure, B. Interest rate point of view, C. Security, D. Bearer LIST II: Types of Debenture: I. Zero coupon rate, II. Irredemable, III. Registration, IV. Secured Choose the correct answer from the options given below:
A. A - I, B - III, C - II, D - IV
B. A - IV, B - I, C - III, D - II
C. A - II, B - I, C - IV, D - III ✓
D. A - III, B - IV, C - I, D - II
Show answer & explanation

Correct answer: C

Tenure basis → Redeemable/Irredeemable (II); Interest rate point of view → Zero coupon rate (I); Security basis → Secured (IV); Bearer basis → Registration/Registered vs Bearer (III). Thus A-II, B-I, C-IV, D-III.

Q4.
On retirement of a partner, the retiring partner's capital account will be credited with ______
A. His/her share of Goodwill ✓
B. Good will of the firm
C. Share of Good will of Remaining Partners
D. His/her share of Goodwill and share of Goodwill of Remaining Partners
Show answer & explanation

Correct answer: A

On retirement, the retiring partner is compensated for his/her share of goodwill, which is credited to his/her capital account (debited to the gaining/remaining partners in their gaining ratio).

Q5.
Journal entry to be passed for unrecorded assets for preparing Revaluation A/C at the time of Retirement of a partner will be ____
A. Assets A/C Dr. To all Partners capital A/C
B. Assets A/C Dr. To Revaluation A/c ✓
C. Revaluation A/C Dr. To assets A/C
D. Revaluation A/C Dr. To old partner's capital A/C
Show answer & explanation

Correct answer: B

Recording a previously unrecorded asset is a gain on revaluation: Asset A/c Dr. To Revaluation A/c.

Q6.
Match List I with List II LIST I: Major Head: A. Fixed assets, B. Current Assets, C. Current Liabilities, D. Shareholder's Funds LIST II: Sub Head: I. Short term provisions, II. Money received against share warrants, III. Non current investment, IV. Inventories Choose the correct answer from the options given below:
A. A - IV, B - I, C - II, D - III
B. A - III, B - IV, C - I, D - II ✓
C. A - I, B - IV, C - II, D - III
D. A - II, B - I, C - IV, D - III
Show answer & explanation

Correct answer: B

Fixed assets relate to Non-current investment (III); Current Assets → Inventories (IV); Current Liabilities → Short term provisions (I); Shareholder's Funds → Money received against share warrants (II). Thus A-III, B-IV, C-I, D-II.

Q7.
Match List I with List II LIST I: A. Cash Equivalents, B. Financing Activities, C. Operating Activities, D. Investing Activities LIST II: I. Interim Dividend paid, II. Selling & Distribution expenses paid, III. Marketable securities, IV. Dividend received on Shares held as investment Choose the correct answer from the options given below:
A. A - IV, B - I, C - II, D - III
B. A - III, B - I, C - II, D - IV ✓
C. A - III, B - IV, C - II, D - I
D. A - III, B - IV, C - I, D - II
Show answer & explanation

Correct answer: B

Cash Equivalents → Marketable securities (III); Financing Activities → Interim Dividend paid (I); Operating Activities → Selling & Distribution expenses paid (II); Investing Activities → Dividend received on shares held as investment (IV). Thus A-III, B-I, C-II, D-IV.

Q8.
At the time of retirement of a Partner the remaining gaining partners should compensate the ______
A. Remaining Partners only
B. Retiring Partners only
C. Retiring Partners as well as remaining partners who have sacrificed ✓
D. Sacrificing partners only
Show answer & explanation

Correct answer: C

The gaining partners must compensate for the share of goodwill of the retiring partner and also any remaining partner whose share has reduced (who sacrificed).

Q9.
If a partner retires in the middle of the year his/her share of profit from the date of last balance sheet till the date of retirement will be transferred to :
A. Profit & Loss A/C credit side
B. Profit & Loss suspense A/C debit side ✓
C. Retiring partners capital A/C debit side
D. Profit & Loss suspense A/C credit side
Show answer & explanation

Correct answer: B

The retiring partner's share of profit is credited to his capital account and debited to P&L Suspense A/c. Hence it appears on the debit side of the Profit & Loss Suspense Account.

Q10.
If debentures are converted into equity shares, it is a/an : ______
A. Inflow of cash
B. No flow of cash ✓
C. Outflow of cash
D. Cash and Cash equivalents
Show answer & explanation

Correct answer: B

Conversion of debentures into equity shares is a non-cash transaction; no cash moves in or out, hence no flow of cash.

Q11.
Match List I with List II in context of not having partnership deed. LIST I: A. Interest on loan, B. Interest on drawings, C. Salary, D. Profit sharing ratio LIST II: I. Equal, II. Will not be charged, III. @ 6% p.a., IV. Will not be allowed/provided Choose the correct answer from the options given below:
A. A - IV, B - I, C - III, D - II
B. A - III, B - IV, C - II, D - I
C. A - IV, B - III, C - II, D - I
D. A - III, B - II, C - IV, D - I ✓
Show answer & explanation

Correct answer: D

In absence of a deed: Interest on partner's loan @ 6% p.a. (III); Interest on drawings will not be charged (II); Salary will not be allowed/provided (IV); Profit sharing ratio equal (I). Thus A-III, B-II, C-IV, D-I.

Q12.
What is the correct sequence of allotment of shares A. Allotment money received B. Inviting applications from investors C. Allotment Due D. Application money Received E. Share Call Money Due Choose the correct answer from the options given below :
A. E, C, A, B, D
B. A, B, C, D, E
C. B, D, C, A, E ✓
D. C, A, E, D, B
Show answer & explanation

Correct answer: C

Logical sequence: Invite applications (B) → Application money received (D) → Allotment due (C) → Allotment money received (A) → Share call money due (E). Hence B, D, C, A, E.

Q13.
What is the correct sequence of types of capital in company's Balance sheet while preparing notes to accounts. A. Issued Capital B. Subscribed and fully paid up capital C. Share forfeited Balance D. Authorised Capital E. Subscribed but not fully paid up capital Choose the correct answer from the options given below:
A. C, B, D, E, A
B. D, A, B, E, C ✓
C. A, B, C, D, E
D. B, A, D, E, C
Show answer & explanation

Correct answer: B

Notes on Share Capital are presented as: Authorised Capital (D) → Issued Capital (A) → Subscribed and fully paid up (B) → Subscribed but not fully paid up (E) → Share forfeited balance (C). Hence D, A, B, E, C.

Q14.
Identify the correct sequence to find out profit after tax while preparing comparative income statement A. Deduct expenses B. Find out total revenue by adding other incomes to revenue from operations C. Find out profit after tax D. Deduct tax E. Calculate profit before tax Choose the correct answer from the options given below:
A. E, B, A, D, C
B. B, A, E, D, C ✓
C. B, E, A, C, D
D. E, C, B, A, D
Show answer & explanation

Correct answer: B

Sequence: Total revenue (B) → Deduct expenses (A) → Profit before tax (E) → Deduct tax (D) → Profit after tax (C). Hence B, A, E, D, C.

Q15.
If net profit made during the year are ₹ 50,000 and the bills receivables have decreased by ₹ 10,000 during the year then the cash flow from operating activities will be:
A. ₹ 40000
B. ₹ 60000 ✓
C. ₹ 30000
D. ₹ 20000
Show answer & explanation

Correct answer: B

Decrease in a current asset (bills receivable) increases cash. Cash flow = Net profit 50,000 + decrease in B/R 10,000 = ₹ 60,000.

Q16.
The capital accounts of partners will always show a ____ balance under fixed capital account method
A. Debit
B. Credit ✓
C. Zero
D. Negative
Show answer & explanation

Correct answer: B

Under the fixed capital method, the capital account remains unchanged (only initial/additional capital and withdrawal of capital) and always shows a credit balance; all adjustments go to the current account.

Q17.
Aman and Mohan, partners of a firm decided to dissolve the business on 31-03-22. The firm decided to pay realisation expenses of ₹ 1,000 on behalf of Mohan. ₹1000 will be debited to
A. Realisation A/C
B. Mohan's capital A/C ✓
C. Bank A/C
D. Aman's capital A/C
Show answer & explanation

Correct answer: B

Expenses paid by the firm on behalf of a partner (Mohan) are borne by that partner, so they are debited to Mohan's Capital A/c.

Q18.
Common size analysis is also known as
A. Horizontal Analysis
B. Vertical Analysis ✓
C. Cash Flow Analysis
D. Ratio Analysis
Show answer & explanation

Correct answer: B

Common size statements express each item as a percentage of a common base for a single period, i.e. vertical analysis.

Q19.
Calculate the amount of yearly interest payable on 9% debentures (10,000 debentures of ₹ 100) issued as collateral security.
A. No Interest payable ✓
B. ₹ 90,000
C. ₹ 9000
D. ₹ 99000
Show answer & explanation

Correct answer: A

Debentures issued as collateral security are only a secondary guarantee for a loan; no interest is payable on them.

Q20.
If the net profit earned during the year is ₹ 1,00,000 and the amount of Bills receivables in the beginning and the end of the year is ₹ 20,000 and ₹ 40,000 respectively, then cash flow from operating activities will be:
A. ₹ 60,000
B. ₹ 1,00,000
C. ₹ 80,000 ✓
D. ₹ 1,20,000
Show answer & explanation

Correct answer: C

Bills receivable increased by 20,000 (from 20,000 to 40,000), an increase in current asset reduces cash. Cash flow = 1,00,000 − 20,000 = ₹ 80,000.

Q21.
Sale of copy rights are considered as a part of
A. Investing Activities ✓
B. Financing Activities
C. Operating Activities
D. Financing & Operating Activities
Show answer & explanation

Correct answer: A

Copyrights are intangible fixed assets; their sale is an investing activity.

Q22.
Romi Ltd. purchased building worth ₹ 1,50,000 machinery worth ₹ 1,40,000 and furniture worth ₹ 10,000 from xyz co. and took over its liabilities of ₹ 20,000 for a purchase consideration of ₹ 3,15,000. They paid the purchase consideration by issuing 12% debentures of ₹ 100 each at a premium of 5%. What will be the number of debentures issued by Romi Ltd.
A. 4,000
B. 3,500
C. 3,000 ✓
D. 2,000
Show answer & explanation

Correct answer: C

Issue price per debenture = 100 + 5% premium = ₹105. Number = Purchase consideration ÷ issue price = 3,15,000 ÷ 105 = 3,000 debentures.

Q23.
Securities premium Reserve can be utilised ___ A. to return excess money received on application B. to write off preliminary expenses C. to issue partly paid bonus shares D. for premium paid on Redemption of Debentures or preference shares E. for buy back of shares Choose the correct answer from the options given below:
A. A, B, C only
B. B, C, E only
C. C, D, E only
D. B, D, E only ✓
Show answer & explanation

Correct answer: D

Under Sec 52(2) of Companies Act, securities premium can be used to write off preliminary expenses (B), for premium payable on redemption of debentures/preference shares (D), and for buy-back of shares (E). Bonus shares must be fully paid (C is wrong). Hence B, D, E only.

Q24.
What are different types of debentures from the view point of registration A. Convertible B. Bearer C. Redeemable D. Secured E. Registered Choose the correct answer from the options given below:
A. A & E only
B. B & C only
C. B & E only ✓
D. C & D only
Show answer & explanation

Correct answer: C

From the point of view of registration, debentures are classified as Registered (E) and Bearer (B) debentures. Hence B & E only.

Q25.
Identify the steps in preparation of final accounts of not for profit organisation (NPO) A. Prepare Balance Sheet of NPO B. Prepare Income and Expenditure Account from Receipts and payment Account C. Prepare Receipts and payment Account D. Adjust outstanding/prepaid expenditure/Income and determine surplus/ Deficit E. Prepare cash book Choose the correct answer from the options given below:
A. E, C, B, D, A ✓
B. D, E, A, B, D
C. A, B, C, D, E
D. E, C, A, B, D
Show answer & explanation

Correct answer: A

Sequence: Prepare cash book (E) → Receipts & Payments A/c (C) → Income & Expenditure A/c (B) → Adjust outstanding/prepaid and determine surplus/deficit (D) → Balance Sheet (A). Hence E, C, B, D, A.

Q26.
Match List I with List II in context g cashflow statement LIST I: A. Sale of fixed asset, B. Purchase of Goodwill, C. Tax Paid, D. Dividend Paid LIST II: I. Outflow in operating activities, II. Inflow in Investing Activities, III. Outflow in Investing Activities, IV. Outflow in Financing Activities Choose the correct answer from the options given below:
A. A - II, B - I, C - IV, D - III
B. A - II, B - III, C - I, D - IV ✓
C. A - II, B - I, C - III, D - IV
D. A - III, B - II, C - IV, D - I
Show answer & explanation

Correct answer: B

Sale of fixed asset → Inflow in investing (II); Purchase of goodwill → Outflow in investing (III); Tax paid → Outflow in operating (I); Dividend paid → Outflow in financing (IV). Hence A-II, B-III, C-I, D-IV.

Q27.
Identify the limitations of financial statements : A. Can be biased B. Report on stewardship function C. Aggregate information D. Only interim reports E. Basis of fiscal policies Choose the correct answer from the options given below:
A. A, C, B only
B. A, C, D only ✓
C. E, A, D only
D. B, A, C only
Show answer & explanation

Correct answer: B

Limitations include being biased (A), giving only aggregate/summarised information (C) and being only interim reports (D). Reporting stewardship (B) and basis of fiscal policies (E) are uses/advantages, not limitations. Hence A, C, D only.

Q28.
What are the different types of liquidity ratios A. Interest coverage ratio B. Current ratio C. Inventory turnover ratio D. Gross profit ratio E. Acid test ratio Choose the correct answer from the options given below:
A. A & B only
B. B & E only ✓
C. B & D only
D. D & E only
Show answer & explanation

Correct answer: B

Liquidity ratios are Current ratio (B) and Acid test/Quick ratio (E). Interest coverage and inventory turnover are solvency/activity ratios; gross profit is a profitability ratio. Hence B & E only.

Q29.
Identify the components of equity: A. Money received against share warrants B. Working capital C. Share capital D. Reserves & surplus E. Cash Revenue from operations Choose the correct answer from the options given below:
A. A, C & E only
B. B, C & D only
C. A, B & C only
D. A, C & D only ✓
Show answer & explanation

Correct answer: D

Shareholders' funds (equity) comprise Share capital (C), Reserves & surplus (D) and Money received against share warrants (A). Hence A, C & D only.

Q30.
Identify the correct sequence of current assets in company's Balance sheet? A. Bills Receivables B. Cash & cash equivalents C. Short term loans & advances D. Inventories E. Current investments Choose the correct answer from the options given below:
A. C, A, B, E, D
B. D, C, E, A, B
C. B, D, E, C, A
D. E, D, A, B, C ✓
Show answer & explanation

Correct answer: D

As per Schedule III order of current assets: Current investments (E) → Inventories (D) → Trade receivables/Bills receivable (A) → Cash & cash equivalents (B) → Short term loans & advances (C). Hence E, D, A, B, C.

Q31.
When debentures are issued at premium with the term of redeeming them at par. The amount of premium received at the time of issue will be:
A. Debited to premium on Redemption of Debenture A/C
B. Credited to Premium on Redemption of Debentures A/C
C. Debited to Securities Premium Reserve A/C
D. Credited to securities premium Reserve A/C ✓
Show answer & explanation

Correct answer: D

Premium received on issue of debentures is a capital profit credited to the Securities Premium Reserve A/c.

Q32.
While preparing common-size Balance sheet, each item of Balance sheet is expressed as % of
A. Non-current assets
B. Current assets
C. Non-current liabilities
D. Total assets or total liability ✓
Show answer & explanation

Correct answer: D

In a common-size balance sheet, every item is shown as a percentage of total assets (or total of equity and liabilities), which serves as 100.

Q33.
It is the amount paid to the person who is not the regular employee of the institution.
A. Wages
B. Honorarium ✓
C. Salary
D. Donation
Show answer & explanation

Correct answer: B

Honorarium is the payment made to a person who is not a regular employee for services rendered (e.g. a guest performer/speaker).

Q34.
When the total amount withdrawn is given but the date of withdrawal is not given then interest on drawings is charged for a period of:
A. 3 months
B. 6 months ✓
C. 9 months
D. 12 months
Show answer & explanation

Correct answer: B

When the date of withdrawal is not given, interest on drawings is charged on the total amount for an average period of 6 months.

Q35.
At the time of admission of partner if goodwill exist in the books of account it will be written off among:
A. Old partners in sacrificing ratio
B. All the partners in new ratio
C. New partners in gaining ratio
D. Old partners in old profit sharing ratio ✓
Show answer & explanation

Correct answer: D

Existing goodwill in the books is written off among the old partners in their old profit-sharing ratio before admission.

Q36.
Rani, Sandhya and Kangana are partners sharing profits in the ratio of 4:3:2 Rani retires. Sandhya and Kangana decided to share profits in future in the ratio of 5:3. Gaining ratio of Sandhya and Kangana will be
A. 11:21
B. 21:11 ✓
C. 31:12
D. 23:13
Show answer & explanation

Correct answer: B

Gain = New − Old. Sandhya: 5/8 − 3/9 = (45−24)/72 = 21/72. Kangana: 3/8 − 2/9 = (27−16)/72 = 11/72. Gaining ratio = 21:11.

Q37.
What are the internal controls designed to do ?
A. Only ensure accurate accounting records
B. Safeguard assets and optimize use of resource ✓
C. Only safeguard assets
D. Only achieve maximum revenue
Show answer & explanation

Correct answer: B

Internal controls are designed to safeguard the assets of an organisation and ensure efficient and optimal use of resources (along with accuracy of records).

Q38.
How many blank worksheets are shown when a new workbook is created.
A. Four
B. Three ✓
C. Two
D. One
Show answer & explanation

Correct answer: B

As per the NCERT (Class XII Computerised Accounting) text, a new workbook opens with three blank worksheets by default.

Q39.
Which of the following arguments in a financial function represents the total number of payments
A. FV
B. PV
C. NPer ✓
D. Rate
Show answer & explanation

Correct answer: C

In spreadsheet financial functions, NPER represents the total number of payment periods. FV = future value, PV = present value, Rate = interest rate.

Q40.
The term ' field' as applied to database table means.
A. Name of the table
B. Horizontal row of the table
C. Size of the table
D. Vertical column of the table ✓
Show answer & explanation

Correct answer: D

In a database table a field is a vertical column (an attribute), while a record is a horizontal row.

Case study A and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was: Balance Sheet Liabilities: Loan by B 20,000; Capitals A 1,00,000, B 1,40,000 (total 2,40,000); Total 2,60,000. Assets: Goodwill 30,000; Furniture 40,000; Building 90,000; Debtors 50,000; Cash 50,000; Total 2,60,000. It was agreed that following transactions will take place: A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value. B. All the debtors proved good except a person C who did not pay ₹ 10,000.
Q41.
Due to the ill health of B, they decided to dissolve the firm. It comes under ____ form of dissolution.
A. Dissolution by Notice
B. On the happening of certain contingencies
C. Dissolution by court
D. Dissolution by Agreement ✓
Show answer & explanation

Correct answer: D

The partners mutually 'decided' to dissolve the firm by consent; this is dissolution by agreement (mutual consent) under the Partnership Act.

Q42.
The amount recovered from the debtors is:
A. ₹ 1,00,000
B. ₹ 40,000 ✓
C. ₹ 50,000
D. ₹ 60,000
Show answer & explanation

Correct answer: B

Debtors were ₹ 50,000; all good except C who did not pay ₹ 10,000. Amount recovered = 50,000 − 10,000 = ₹ 40,000.

Q43.
Following items appear on the Debit side of Realisation A/C except : A. Transfer of Assets B. Payment of liabilities C. Provisions D. Realisation expenses E. Asset taken over by partner Choose the correct answer from the options given below:
A. A, C, E only
B. C, D, E only
C. D, E only
D. C, E only ✓
Show answer & explanation

Correct answer: D

Debit side of Realisation A/c records transfer of assets (A), payment of liabilities (B) and realisation expenses (D). Provisions (C) are transferred to the credit side, and asset taken over by a partner (E) is credited. Hence items NOT on debit side = C, E only.

Q44.
The treatment of Goodwill appearing in the balance sheet will be:
A. Transfered to Debit of Realisation A/C ✓
B. Written off among partners in old ratio
C. Transfered to credit of Realisation A/C
D. Raised and written off
Show answer & explanation

Correct answer: A

On dissolution, goodwill appearing in the balance sheet is an asset and is transferred (like other assets) to the debit side of the Realisation Account.

Q45.
The accumulated profits and reserve are transferred to:
A. Revaluation A/C
B. Realisation A/C
C. Partner's Capital A/C ✓
D. Cash/Bank A/C
Show answer & explanation

Correct answer: C

On dissolution, accumulated profits and reserves are distributed among partners in their profit-sharing ratio, i.e. transferred to Partners' Capital Accounts.

Instructions: Read the passage carefully and answer the following questions 46-50) XYZ Ltd is registered with an authorised capital of ₹ 20 lakh divided into 2 lakh equity shares of ₹ 10 each. The company is in manufacturing of pickles and spices. Due to the increase in demand of packed food in the market they decided to diversify its operation. For this purpose they decided to issue 1 lakh equity share of ₹ 10 each. The company issued 20,000 equity shares to a vendor to supply the machinery required to manufacture the packed food. Rest of the equity shares were issued to general public for subscription. The application were received for 46,000 equity shares. Due to undersubscription of equity shares the shares were not issued to public.
Q46.
The company issued 20,000 equity shares of ₹ 10 each to vendor. After issuing them the shares the vendor will be considered as:
A. Creditors
B. Owners ✓
C. Customer
D. Lender
Show answer & explanation

Correct answer: B

Once shares are issued to the vendor, the vendor becomes a shareholder, i.e. part owner of the company.

Q47.
In order to raise money by issuing the shares in the market the company must get applications for at least ____.
A. 1,00,000 shares
B. 80,000 shares
C. 72,000 shares ✓
D. 20,000 shares
Show answer & explanation

Correct answer: C

Shares offered to public = 1,00,000 − 20,000 (to vendor) = 80,000. Minimum subscription = 90% of issued amount to public = 90% of 80,000 = 72,000 shares.

Q48.
The process of issuing shares to a vendor in exchange of any asset is known as:
A. Issue of share for cash
B. Issue of share at discount
C. Issue of share at premium
D. Issue of share for consideration other than cash ✓
Show answer & explanation

Correct answer: D

When shares are issued to a vendor in exchange of an asset (machinery) instead of cash, it is an issue of shares for consideration other than cash.

Q49.
If the company is unable to get minimum subscription, the shares cannot be issued and the amount must be refunded within 8 days from the date of closure. If not, company shall be liable to pay ______% interest p.a.
A. 10%
B. 15% ✓
C. 6%
D. 5%
Show answer & explanation

Correct answer: B

Under the Companies Act, if application money is not refunded within the prescribed time after failure to receive minimum subscription, the company is liable to pay interest at 15% p.a.

Q50.
The following refer to the maximum amount of share capitals issued by a company in its ____ life times except:
A. Subscribed Capital ✓
B. Authorised Capital
C. Nominal Capital
D. Registered Capital
Show answer & explanation

Correct answer: A

Authorised, Nominal and Registered capital are synonyms for the maximum capital a company can issue in its lifetime. Subscribed capital (the part actually taken up by the public) is the exception.

Original question paper source: National Testing Agency (NTA), CUET (UG) 2022. Reproduced for educational use. Answers & explanations by UniDrill.