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UPSC 1999: From the balance sheet of a company, it is possible to
(a)judge the extent of profitability of the company
(b)assess the profitability and size of the company
(c)determine the size and composition of the assets and liabilities of the company
(d)determine the market share, debts and assets of the company
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Not attemptedCorrect Answer: (c) determine the size and composition of the assets and liabilities of the company
A balance sheet is a snapshot listing a firm’s assets, liabilities and owners’ equity at a given date; it tells both the size (total value) and the composition (break-up) of assets and liabilities. Profitability is gauged from the Profit-and-Loss account, and market share is not shown in financial statements. Hence option (c) is correct. ([uttarpradesh.pscnotes.com](https://uttarpradesh.pscnotes.com/uppcs-prelims/from-the-balance-sheet-of-a-company-it-is-possible-to/?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 1999 Indian Economy question?▼
The correct answer is option (c): determine the size and composition of the assets and liabilities of the company. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Banking & Financial Sector question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 1999, GS Paper 1, as Question 2. It falls under Indian Economy > Banking & Financial Sector.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Banking & Financial Sector?▼
UPSC has asked 48 questions from Banking & Financial Sector (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.