December 2024 Edition
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December 2024 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#1401
If 4th November 2024 is a Saturday, what will be the day on 4th November 2025?
(a) Sunday
(b) Monday
(c) Tuesday
(d) Wednesday
Explanation: Wait, 2024 is a leap year, but February 29th has already passed by November. Moving from Nov 2024 to Nov 2025 crosses February 2025, which has 28 days (ordinary year). This is 365 days, yielding 1 odd day. Wait, my option logic was Monday? Saturday + 1 = Sunday. Let me correct the options to have Sunday as correct.
#1402
If 1st September is a Thursday, what day will be the 1st December of the same year?
(a) Wednesday
(b) Thursday
(c) Friday
(d) Saturday
Explanation: September has 30 days (2 odd), October has 31 (3 odd), and November has 30 (2 odd). Total odd days from Sep 1 to Dec 1 = 2 + 3 + 2 = 7 odd days. 7 mod 7 = 0. So, 1st December is also a Thursday.
#1403
If 1st January 1900 was a Monday, what day was 31st December 1900?
(a) Sunday
(b) Monday
(c) Tuesday
(d) Wednesday
Explanation: 1900 is an ordinary year because, being a century year, it is not perfectly divisible by 400. In any ordinary year, the first day and the last day of the year fall on the exact same weekday. Thus, it was Monday.
#1404
Which day of the week was 5/5/2024?
(a) Tuesday
(b) Monday
(c) Sunday
(d) Wednesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Sunday. 3. Therefore, 5/5/2024 fell on a Sunday.
#1405
Which day of the week was 19/11/2024?
(a) Wednesday
(b) Thursday
(c) Monday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Tuesday. 3. Therefore, 19/11/2024 fell on a Tuesday.
#1406
Which day of the week was 5/1/2024?
(a) Wednesday
(b) Friday
(c) Monday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Friday. 3. Therefore, 5/1/2024 fell on a Friday.
#1407
Which day of the week was 5/9/2024?
(a) Wednesday
(b) Thursday
(c) Tuesday
(d) Monday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Thursday. 3. Therefore, 5/9/2024 fell on a Thursday.
#1408
Which day of the week was 26/8/2024?
(a) Wednesday
(b) Monday
(c) Thursday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Monday. 3. Therefore, 26/8/2024 fell on a Monday.
#1409
Which day of the week was 12/6/2024?
(a) Thursday
(b) Wednesday
(c) Tuesday
(d) Monday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Wednesday. 3. Therefore, 12/6/2024 fell on a Wednesday.
#1410
Which day of the week was 12/10/2024?
(a) Tuesday
(b) Wednesday
(c) Saturday
(d) Monday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Saturday. 3. Therefore, 12/10/2024 fell on a Saturday.
#1411
Which day of the week was 26/12/2024?
(a) Wednesday
(b) Monday
(c) Thursday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Thursday. 3. Therefore, 26/12/2024 fell on a Thursday.
#1412
Which day of the week was 19/3/2024?
(a) Tuesday
(b) Wednesday
(c) Monday
(d) Thursday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Tuesday. 3. Therefore, 19/3/2024 fell on a Tuesday.
#1413
Which day of the week was 26/4/2024?
(a) Wednesday
(b) Tuesday
(c) Friday
(d) Monday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Friday. 3. Therefore, 26/4/2024 fell on a Friday.
#1414
Which day of the week was 19/7/2024?
(a) Monday
(b) Tuesday
(c) Friday
(d) Wednesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Friday. 3. Therefore, 19/7/2024 fell on a Friday.
#1415
Which day of the week was 12/2/2024?
(a) Thursday
(b) Monday
(c) Tuesday
(d) Wednesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Monday. 3. Therefore, 12/2/2024 fell on a Monday.
#1416
If the inventory valuation at 31 December 2017 was overstated by $6,000, what is the impact on the gross profit for the year ending 31 December 2018?
(a) S6 000 overstated
(b) nil effect
(c) $12 000 overstated
(d) $6 000 understated
Explanation: Closing inventory for 2017 becomes the opening inventory for 2018. If 2017 closing inventory is overstated, the opening inventory for 2018 is also overstated. Since Cost of Goods Sold = Opening Inventory + Purchases - Closing Inventory, an overstated opening inventory increases the cost of goods sold, thereby reducing the gross profit for 2018 by the same amount.
#1417
If a business pays rent quarterly at $1,200, with an opening accrual of $800 on January 1, 2018, and payments of $2,000, $1,200, and $1,200 made during the year, what amount should be debited to the Income Statement for the year ended December 31, 2018?
(a) $5 600
(b) $4 800
(c) $3 600
(d) $4 400
Explanation: The Income Statement must reflect the rent expense incurred during the current accounting period, regardless of cash payments. Since the rent is $1,200 per quarter, the annual expense is $1,200 multiplied by 4 quarters, totaling $4,800. Accruals and prepayments adjust the cash paid to arrive at this accrual-based expense figure.
#1418
A business pays $3,200 for rent covering the period from 1 April 2018 to 31 March 2019. What adjustment is required for the rent account as of the financial year-end on 31 December 2018?
(a) an accrual of $2 400
(b) a prepayment of $800
(c) an accrual of $800
(d) a prepayment of $2 400
Explanation: The rent covers 12 months. From 1 January 2019 to 31 March 2019 is 3 months of unexpired rent. Calculation: ($3,200 / 12 months) * 3 months = $800. Since this amount relates to the next financial year, it is recorded as a prepaid expense (an asset) at year-end.
#1419
A business receives $10,000 in annual rent. If $5,000 was received on 1 May 2018 and $5,000 on 1 November 2018, what amount should be reported as rent income in the income statement for the year ending 31 December 2018?
(a) $10,000 debit
(b) $10,000 credit
(c) $7,500 credit
(d) $7,500 debit
Explanation: The business earns rent from April to December (9 months). Monthly rent is $833.33. Total earned for 9 months is $7,500. Since this is income, it is credited to the income statement. The remaining $2,500 received is unearned income for the next year.
#1420
An asset was acquired on January 1, 20X3, for £5,500. Using the reducing balance method at a rate of 20% per annum, what is the net book value as of December 31, 20X5?
(a) £2,816
(b) £2,200
(c) £3,520
(d) £3,300
Explanation: To calculate the book value after three years: Year 1: £5,500 * 0.8 = £4,400. Year 2: £4,400 * 0.8 = £3,520. Year 3: £3,520 * 0.8 = £2,816. The reducing balance method applies the depreciation rate to the remaining book value each year, resulting in a final book value of £2,816 after three full years of depreciation.