Change set
Pick exam & year, then Go.
Question map
From the balance sheet of a company, it is possible to
Explanation
A balance sheet is a point-in-time statement that lists a company’s assets, liabilities and shareholders’ equity, allowing one to see the size and composition of those asset and liability items (a snapshot of financial position). Conventionally assets are shown on the left and liabilities on the right, and totals on both sides must balance, so the statement directly reports what the firm owns and what it owes [1]. However, the balance sheet does not directly measure the extent of profitability (that is revealed by the income statement) nor market share, so option 3 is the only accurate choice.
Sources
- [2] Macroeconomics (NCERT class XII 2025 ed.) > Chapter 3: Money and Banking > 3.3 MONEY CREATION BY BANKING SYSTEM > p. 39
- [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 2: Money and Banking- Part I > 2.4 Securities > p. 42
SIMILAR QUESTIONS
5 Cross-Linked PYQs
UPSC repeats concepts across years. Login to see how this question connects to 5 others.
Login with Google