UP PGT 2021 — Commerce (Series A)

Commerce

1. 1. Surcharge of 10% is payable by an individual, where his/her total income exceeds to

   • (a) Rs. 7,50,000
   • (b) Rs. 10,00,000
   • (c) Rs. 50,00,000
   • (d) Rs. 1,00,00,000
   उत्तर देखें

   उत्तर: (c)

2. 2. An enquiry regarding the value, ownership, title, existence and possession of an asset is called

   • (a) Vouching
   • (b) Valuation
   • (c) Verification
   • (d) Investigation
   उत्तर देखें

   उत्तर: (c)

3. 3. Goods sold to a customer on ‘sale on approval’ basis is recorded as

   • (a) Cash sales
   • (b) Credit sales
   • (c) Closing stock
   • (d) Debtor
   उत्तर देखें

   उत्तर: (c)

4. 4. On the admission of a new partner if the partners decide to record changes occurred in the value of assets and liabilities in books but not in accounts then the firm prepares

   • (a) Profit and loss appropriation account
   • (b) Profit and loss adjustment account
   • (c) Revaluation account
   • (d) Memorandum revaluation account
   उत्तर देखें

   उत्तर: (d)

5. 5. Z-theory of motivation was propounded by

   • (a) F. W. Taylor
   • (b) Keith Davis
   • (c) L. F. Urwick
   • (d) Peter Drucker
   उत्तर देखें

   उत्तर: (c)

6. 6. If prime cost is Rs. 20,000; factory overheads are 25% of prime cost and office overheads are 80% of factory overheads then the office cost would be

   • (a) Rs. 25,000
   • (b) Rs. 29,000
   • (c) Rs. 36,000
   • (d) Rs. 45,000
   उत्तर देखें

   उत्तर: (b)

7. 7. Income from business commenced on 1st March 2018 will be assessed in the assessment year

   • (a) 2017 – 18
   • (b) 2018 – 19
   • (c) 2019 – 20
   • (d) 2020 – 21
   उत्तर देखें

   उत्तर: (b)

8. 8. Which of the following statements is not true ?

   • (a) The percentage of oxygen in environment is 21
   • (b) The most dominating cause of environmental polution is use of chemicals in agriculture
   • (c) The Environment Protection Act was passed in 1986
   • (d) Green Fuel Scheme aims at reducing air polution by lead-less-petrol
   उत्तर देखें

   उत्तर: (b)

9. 9. Which of the following is not a technique of Business Forecasting ?

   • (a) Budgeting
   • (b) Presentation of financial statements
   • (c) Determination of cost standards
   • (d) Profit planning
   उत्तर देखें

   उत्तर: (b)

10. 10. Which of the following function of management is concerned with means and ends ?

    • (a) Organising
    • (b) Controlling
    • (c) Planning
    • (d) Directing
    उत्तर देखें

    उत्तर: (c)

11. 11. Highest In First Out (HIFO) method of issue of material is useful when the

    • (a) Price of material is increasing
    • (b) Price of material is decreasing
    • (c) Price of material is fluctuating
    • (d) Price of material is stable
    उत्तर देखें

    उत्तर: (c)

12. 12. According to the Malthusian theory of population

    • (a) Population increases arithmetically
    • (b) Food production increases geometrically
    • (c) Population increases geometrically
    • (d) Both (A) and (B)
    उत्तर देखें

    उत्तर: (c)

13. 13. With the help of following information calculate provisions for bad and doubtful debts Debtors M : Rs. 3,200 Bad to be written off Debtors N : Rs. 8,000 expected to realise only 70% Debtors O : Rs. 6,000 expected to realise only 60% Debtors P : Rs. 4,000 financial condition very poor, no recovery is likely

    • (a) Rs. 8,800
    • (b) Rs. 12,000
    • (c) Rs. 4,800
    • (d) Rs. 4,000
    उत्तर देखें

    उत्तर: (a)

14. 14. If capital is Rs. 50,000, liability is Rs. 30,000 and fixed assets are Rs. 70,000, then the value of current assets will be

    • (a) Rs. 90,000
    • (b) Rs. 50,000
    • (c) Rs. 10,000
    • (d) Rs. 1,50,000
    उत्तर देखें

    उत्तर: (c)

15. 15. Which of the following is not an attribute under statistical analysis ?

    • (a) Deafness
    • (b) Beauty
    • (c) Height
    • (d) Blindness
    उत्तर देखें

    उत्तर: (c)

16. 16. An orderly arrangement of group efforts to provide unity of action in the pursuit of common goals is called

    • (a) Direction
    • (b) Co-ordination
    • (c) Control
    • (d) Decision making
    उत्तर देखें

    उत्तर: (b)

17. 17. The cost accounting method to compute basic cost of a product or service is

    • (a) Process costing
    • (b) Contract costing
    • (c) Uniform costing
    • (d) Unit costing
    उत्तर देखें

    उत्तर: (d)

18. 18. In case of three attributes the total number of classes will be

    • (a) 27
    • (b) 9
    • (c) 12
    • (d) 3
    उत्तर देखें

    उत्तर: (a)

19. 19. “Higher the ratio, the more favourable it is”. This statement does not apply with respect to

    • (a) Stock Turnover Ratio
    • (b) Net Profit Ratio
    • (c) Gross Profit Ratio
    • (d) Operating Ratio
    उत्तर देखें

    उत्तर: (d)

20. 20. The cause of increase in cost per unit under process costing is

    • (a) Abnormal wastage
    • (b) Normal wastage
    • (c) Abnormal gain
    • (d) Normal gain
    उत्तर देखें

    उत्तर: (b)

21. 21. In what order do managers perform the managerial functions ?

    • (a) Planning, organising, controlling, directing
    • (b) Organising, planning, directing, controlling
    • (c) Organising, directing, planning, controlling
    • (d) Planning, organising, directing, controlling
    उत्तर देखें

    उत्तर: (d)

22. 22. Which of the following is not a characteristic of a company ?

    • (a) Non corporate body
    • (b) Artificial personality
    • (c) Perpetual succession
    • (d) Separate legal existence
    उत्तर देखें

    उत्तर: (a)

23. 23. Securities premium can be used by a company for

    • (a) Issuing fully paid bonus shares to its members
    • (b) Redemption of preference shares
    • (c) Payment of dividend on shares
    • (d) None of these
    उत्तर देखें

    उत्तर: (a)

24. 24. The total value of goods and services produced within the country during a year is called

    • (a) GDP
    • (b) GNP
    • (c) NNP
    • (d) NDP
    उत्तर देखें

    उत्तर: (a)

25. 25. While delegating authority a supervisor delegates

    • (a) Only authority
    • (b) Authority and responsibility
    • (c) Authority, responsibility and accountability
    • (d) Responsibility and accountability
    उत्तर देखें

    उत्तर: (b)

26. 26. Determination of cost from actual expenses incurred is termed as

    • (a) Direct costing
    • (b) Indirect costing
    • (c) Historical costing
    • (d) Standard costing
    उत्तर देखें

    उत्तर: (c)

27. 27. A cost that remains constant per unit but changes with the volume of output is called

    • (a) Fixed cost
    • (b) Semi-variable cost
    • (c) Variable cost
    • (d) Absorption cost
    उत्तर देखें

    उत्तर: (c)

28. 28. An arrangement of staff duties whereby no one person is allowed to record every aspect of a transaction is called

    • (a) Internal Administration
    • (b) Internal Check
    • (c) Internal Audit
    • (d) Internal Management
    उत्तर देखें

    उत्तर: (b)

29. 29. The relationship between two variables can be expressed in

    • (a) Ratio
    • (b) Percentage
    • (c) Rate
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

30. 30. The basis of Income Measurement is

    • (a) Matching concept
    • (b) Accounting Period concept
    • (c) Money Measurement concept
    • (d) Cost concept
    उत्तर देखें

    उत्तर: (a)

31. 31. The expenses which are incurred to increase the demand of the product are known as

    • (a) Selling expenses
    • (b) Distribution expenses
    • (c) Both (A) and (B)
    • (d) Neither (A) nor (B)
    उत्तर देखें

    उत्तर: (a)

32. 32. Under Time Series Analysis regular and periodic moment not exceeding one year is called

    • (a) Trend
    • (b) Circular Variation
    • (c) Irregular Moment
    • (d) Seasonal Variation
    उत्तर देखें

    उत्तर: (d)

33. 33. Which of the following is not a formula of P/V Ratio ?

    • (a) P/V Ratio = (S − V)/S × 100
    • (b) P/V Ratio = Profit/MOS × 100
    • (c) P/V Ratio = Change in Profit / Change in Total Cost × 100
    • (d) P/V Ratio = F / BEP (Rs.) × 100
    उत्तर देखें

    उत्तर: (c)

34. 34. The principles of management are significant because of

    • (a) Optimum utilisation of resources
    • (b) Increase in efficiency
    • (c) Initiative
    • (d) Adaptation to changing technology
    उत्तर देखें

    उत्तर: (b)

35. 35. The main advantage of functional organisation is

    • (a) Specialisation
    • (b) Co-ordination
    • (c) Communication
    • (d) Simplification
    उत्तर देखें

    उत्तर: (a)

36. 36. Which among the following is not a property of indifference curves ?

    • (a) Indifference curves cannot intersect each other
    • (b) Every point of an indifference curve shows equal satisfaction
    • (c) Indifference curves are always concave to the origin
    • (d) Indifference curves do not touch the axis
    उत्तर देखें

    उत्तर: (c)

37. 37. In the absence of an agreement retiring partners share in the firm will be purchased by the remaining partners in the

    • (a) Capital ratio
    • (b) Profit sharing ratio
    • (c) Equal ratio
    • (d) None of the above
    उत्तर देखें

    उत्तर: (b)

38. 38. The sum of deviations taken from the arithmetic mean of a series is

    • (a) Zero
    • (b) Positive
    • (c) Negative
    • (d) Both (B) and (C)
    उत्तर देखें

    उत्तर: (a)

39. 39. The process of selecting a course of action out of alternative courses to solve a problem is known as

    • (a) Planning
    • (b) Decision Making
    • (c) Directing
    • (d) Controlling
    उत्तर देखें

    उत्तर: (b)

40. 40. Excess of face value over issue price of a share is called

    • (a) Profit
    • (b) Discount
    • (c) Loss
    • (d) Security premium
    उत्तर देखें

    उत्तर: (b)

41. 41. In case of business forecasting which of the following statements is not correct ?

    • (a) Short range forecasts are less accurate than long range forecasts
    • (b) Under time series forecast data obtained from past experience is analyzed
    • (c) Index numbers is one of the methods for forecasting
    • (d) Least squares method of business forecasting is also known as line of best fit
    उत्तर देखें

    उत्तर: (a)

42. 42. If Personal Income is Rs. 62,000; Undistributed profit is Rs. 400; Corporate Tax is Rs. 1,000 and Transfer payments is Rs. 2,000, then National Income will be

    • (a) Rs. 59,400
    • (b) Rs. 61,400
    • (c) Rs. 58,600
    • (d) Rs. 63,400
    उत्तर देखें

    उत्तर: (b)

43. 43. Right shares means those shares which are

    • (a) Issued to directors
    • (b) Offered to existing share holders
    • (c) Offered to existing debentureholders
    • (d) Issued to creditors of the company
    उत्तर देखें

    उत्तर: (b)

44. 44. Which of the following statements is not correct ?

    • (a) Managerial accounting and cost accounting both are complementary to each other in nature
    • (b) Managerial accounting is concerned with the accounting information that is useful to management
    • (c) Managerial accounting includes details of quantitative information only
    • (d) Managerial accounting depends on cost accounting
    उत्तर देखें

    उत्तर: (c)

45. 45. The Debt-Equity Ratio is a test of

    • (a) Profitability
    • (b) Solvency
    • (c) Liquidity
    • (d) Managerial efficiency
    उत्तर देखें

    उत्तर: (b)

46. 46. Margin of safety means

    • (a) Defference between actual sales and total cost
    • (b) Defference between actual sales and variable cost
    • (c) Defference between actual sales and fixed cost
    • (d) Defference between actual sales and Break-Even sales
    उत्तर देखें

    उत्तर: (d)

47. 47. On dissolution of a firm, the assets of firm are transferred to realization account at their

    • (a) Book value
    • (b) Market value
    • (c) Realizable value
    • (d) Agreed value among partners
    उत्तर देखें

    उत्तर: (a)

48. 48. Packing credit facility to exporters is provided by

    • (a) Reserve Bank of India
    • (b) Commercial Banks
    • (c) Cooperative Banks
    • (d) Export Credit and Guarantee Corporation
    उत्तर देखें

    उत्तर: (b)

49. 49. The maximum number of members in a private limited company can be

    • (a) 20
    • (b) 50
    • (c) 200
    • (d) Unlimited
    उत्तर देखें

    उत्तर: (c)

50. 50. If total production increases with the increase in variable factor, it is called

    • (a) Law of constant return
    • (b) Law of diminishing return
    • (c) Law of increasing return
    • (d) Law of supply of production
    उत्तर देखें

    उत्तर: (c)

51. 51. Which accounting standard is used for depreciation accounting ?

    • (a) AS – 2
    • (b) AS – 5
    • (c) AS – 6
    • (d) AS – 13
    उत्तर देखें

    उत्तर: (c)

52. 52. Heavy initial expenditure on advertising to introduce a new product is classified as

    • (a) Capital expenditure
    • (b) Revenue expenditure
    • (c) Deemed liability
    • (d) Deferred revenue expenditure
    उत्तर देखें

    उत्तर: (d)

53. 53. The basis of tax for ‘Income from house property’ is

    • (a) Rent received
    • (b) Annual value
    • (c) Standard rent
    • (d) Municipal value
    उत्तर देखें

    उत्तर: (b)

54. 54. The process of influencing the activities of an organised group in efforts towards goal setting and goal achievement is called

    • (a) Planning
    • (b) Controlling
    • (c) Management
    • (d) Leadership
    उत्तर देखें

    उत्तर: (d)

55. 55. Cost of production is

    • (a) Prime cost + Factory overheads
    • (b) Factory cost + Administrative overheads
    • (c) Direct cost + Indirect expenses
    • (d) Prime cost + Administrative overheads
    उत्तर देखें

    उत्तर: (b)

56. 56. The assumption that “Anticipate no profit and provide for all losses” is based on

    • (a) Convention of conservatism
    • (b) Convention of consistency
    • (c) Convention of materiality
    • (d) Convention of full disclosure
    उत्तर देखें

    उत्तर: (a)

57. 57. Are increase in sales price

    • (a) Does not affect Break-Even Point
    • (b) Lowers Break-Even Point
    • (c) Raises Break-Even Point
    • (d) Lowers net profit
    उत्तर देखें

    उत्तर: (b)

58. 58. Under which theoretical distribution, the quartile deviation is 2/3 of Standard Deviation ?

    • (a) Binomial Distribution
    • (b) Normal Distribution
    • (c) Poisson Distribution
    • (d) Random Distribution
    उत्तर देखें

    उत्तर: (b)

59. 59. In Taylor’s functional organisation, ‘gang boss’

    • (a) Inspects quality of work
    • (b) Issues orders and instructions
    • (c) Set up tools and machines
    • (d) Compiles data for ascertainment of cost of production
    उत्तर देखें

    उत्तर: (c)

60. 60. The partnership may come to an end due to the

    • (a) Death of a partner
    • (b) Insolvency of a partner
    • (c) Consent of all partners
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

61. 61. After sale of investment the balance of sinking fund investment account is transferred to

    • (a) Profit and loss account
    • (b) Capital reserve account
    • (c) Sinking fund account
    • (d) Debentures account
    उत्तर देखें

    उत्तर: (c)

62. 62. Under Income Tax Act, 1961 incidence of taxation depends on

    • (a) Citizenship
    • (b) Age
    • (c) Residential status
    • (d) Gender
    उत्तर देखें

    उत्तर: (c)

63. 63. Accrual system of accounting is also known as

    • (a) Cash system
    • (b) Mercantile system
    • (c) Receipt system
    • (d) Government system
    उत्तर देखें

    उत्तर: (b)

64. 64. The form of organisation in which expert assistance is available to line managers is called

    • (a) Line Organisation
    • (b) Committee Organisation
    • (c) Functional Organisation
    • (d) Line and Staff organisation
    उत्तर देखें

    उत्तर: (d)

65. 65. Which of the following is not included in Agricultural Income ?

    • (a) Income from growing flowers
    • (b) Rent of Agricultural Land for agriculture work
    • (c) Income from purchasing of standing crop
    • (d) Income from agricultural work
    उत्तर देखें

    उत्तर: (c)

66. 66. Fixed cost Rs. 12,00,000 (including depreciation Rs. 80,000); selling Price per unit Rs. 1,200; variable cost per unit Rs. 900; Loan Installment Rs. 2,00,000. Cash Break Even Point will be

    • (a) 4367 units
    • (b) 4400 units
    • (c) 4000 units
    • (d) 4933 units
    उत्तर देखें

    उत्तर: (b)

67. 67. Which of the following is not the assumption of consumer’s equilibrium in demand theory ?

    • (a) Transitivity
    • (b) Optimum satisfaction
    • (c) Consumer’s choices are consistant
    • (d) None of these
    उत्तर देखें

    उत्तर: (d)

68. 68. Tender for construction is an

    • (a) Estimation of profit
    • (b) Estimation of cost
    • (c) Estimation of selling price
    • (d) Estimation of work
    उत्तर देखें

    उत्तर: (b)

69. 69. A leadership style in which group members are allowed to carry out their work freely is called

    • (a) Free-rein style
    • (b) Democratic style
    • (c) Autocratic style
    • (d) Paternalistic style
    उत्तर देखें

    उत्तर: (a)

70. 70. Convert the annual trend equation “Y = 30 + 3.6x” into monthly trend equation

    • (a) Y = 2.5 + 0.3 x
    • (b) Y = 2.5 + 0.025 x
    • (c) Y = 30 + 0.3 x
    • (d) Y = 2.5 + 3.6 x
    उत्तर देखें

    उत्तर: (b)

71. 71. Break Even Point means

    • (a) Sales × P/V ratio – Variable cost
    • (b) Sales × P/V ratio + Fixed cost
    • (c) Sales × P/V ratio – Fixed cost
    • (d) Sales × P/V ratio + Variable cost
    उत्तर देखें

    उत्तर: (c)

72. 72. Number of subordinates that report directly to a single supervisor is called

    • (a) Span of business
    • (b) Span of control
    • (c) Span of organisation
    • (d) Span of activity
    उत्तर देखें

    उत्तर: (b)

73. 73. Index numbers are expressed in

    • (a) Ratio
    • (b) Percentage
    • (c) Square
    • (d) Combination
    उत्तर देखें

    उत्तर: (b)

74. 74. The last function of management is

    • (a) Directing
    • (b) Controlling
    • (c) Organising
    • (d) Planning
    उत्तर देखें

    उत्तर: (b)

75. 75. As per SEBI guidelines, on issue of shares, the application money should not be less than

    • (a) 10% of the nominal value of shares
    • (b) 10% of the issue price of the shares
    • (c) 25% of the nominal value of shares
    • (d) 25% of the issue price of the shares
    उत्तर देखें

    उत्तर: (d)

76. 76. Flow of information amongst people of different departments at different level is known as

    • (a) Horizontal Communication
    • (b) Upward Communication
    • (c) Informal Communication
    • (d) Diagonal Communication
    उत्तर देखें

    उत्तर: (d)

77. 77. The relationship between correlation coefficient and coefficient of determination can be expressed as follows

    • (a) Coefficient of determination is the square of correlation coefficient
    • (b) Coefficient of determination is the square root of correlation coefficient
    • (c) Both are equal
    • (d) Both are unrelated
    उत्तर देखें

    उत्तर: (a)

78. 78. The bad debts that have been written off, if recovered subsequently then they are credited to

    • (a) Debtors account
    • (b) Sales account
    • (c) Trading account
    • (d) Profit and loss account
    उत्तर देखें

    उत्तर: (d)

79. 79. A company buys 8000 units of an item for its annual requirement. Each unit costs Rs. 10, the ordering cost per order is Rs. 30 and the carrying cost is 7.5% of the average inventory per year. The economic order quantity will be

    • (a) 566 units
    • (b) 800 units
    • (c) 2530 units
    • (d) 900 units
    उत्तर देखें

    उत्तर: (b)

80. 80. On admission of a new partner increase in the value of an asset is credited to

    • (a) Old Partner’s Capital Account
    • (b) Revaluation Account
    • (c) Assets Account
    • (d) All Partner’s Capital Account
    उत्तर देखें

    उत्तर: (b)

81. 81. Gross Profit Ratio is calculated by

    • (a) Gross Profit / Gross Sales × 100
    • (b) Gross Profit / Net Sales × 100
    • (c) Net Profit / Gross Sales × 100
    • (d) Gross Receipts / Net Sales × 100
    उत्तर देखें

    उत्तर: (b)

82. 82. Which among the following is not a technique of Business Forecasting ?

    • (a) Time Series Analysis
    • (b) Variance Analysis
    • (c) Regression Analysis
    • (d) Input-output Analysis
    उत्तर देखें

    उत्तर: (b)

83. 83. Scalar chain principle had been given by

    • (a) F. W. Taylor
    • (b) Henry Fayol
    • (c) Elton Mayo
    • (d) Max Weber
    उत्तर देखें

    उत्तर: (b)

84. 84. Motivation is related to

    • (a) Planning
    • (b) Controlling
    • (c) Leadership
    • (d) Organising
    उत्तर देखें

    उत्तर: (c)

85. 85. An accounting system that does not take into consideration outstanding expenses and accrued incomes for computation of profit is called

    • (a) Double Entry system
    • (b) Accrual Based system
    • (c) Single Entry system
    • (d) Cash system
    उत्तर देखें

    उत्तर: (d)

86. 86. Given : Equity share capital — Rs. 3,00,000 7% preference share capital — Rs. 2,00,000 Reserve and surplus — Rs. 1,00,000 8% debentures — Rs. 4,00,000 Total Assets — Rs. 10,00,000 Capital Gearing Ratio will be

    • (a) 0.6 : 1
    • (b) 0.8 : 1
    • (c) 0.67 : 1
    • (d) 1 : 1
    उत्तर देखें

    उत्तर: —

87. 87. The term previous year means

    • (a) Financial year
    • (b) Accounting year
    • (c) Calender year
    • (d) Financial year just before assessment year
    उत्तर देखें

    उत्तर: (d)

88. 88. A company cannot redeem its debentures

    • (a) Out of accumulated profits
    • (b) Out of accumulated losses
    • (c) By purchase of own debentures from market
    • (d) By conversion of debentures into shares
    उत्तर देखें

    उत्तर: (b)

89. 89. Collection from debtors

    • (a) Decreases current ratio
    • (b) Increases current ratio
    • (c) Has no effect on current ratio
    • (d) Improves the solvency ratio
    उत्तर देखें

    उत्तर: (c)

90. 90. The Karl Pearson’s coefficient of correlation can be computed between

    • (a) Two Variables
    • (b) Two Attributes
    • (c) Two Numbers
    • (d) Two Assumptions
    उत्तर देखें

    उत्तर: (a)

91. 91. The measure based on each value of series is

    • (a) Range
    • (b) Standard deviation
    • (c) Quartile deviation
    • (d) Inter-Quartile Range
    उत्तर देखें

    उत्तर: (b)

92. 92. The written agreement between the partners to form a partnership is called

    • (a) Certificate of Incorporation
    • (b) Memorandum of Association
    • (c) Certificate of Formation of Firm
    • (d) Partnership Deed
    उत्तर देखें

    उत्तर: (d)

93. 93. The process of controlling is concerned with

    • (a) Measurement of the actual performance
    • (b) Setting up of standards
    • (c) Assigning the tasks
    • (d) Determination of goals
    उत्तर देखें

    उत्तर: (a)

94. 94. The depreciation on Fixed Assets is computed on their

    • (a) Book value
    • (b) Market value
    • (c) Realizable value
    • (d) Scrap value
    उत्तर देखें

    उत्तर: (a)

95. 95. The force that drives a person to take action is called

    • (a) Management
    • (b) Directing
    • (c) Controlling
    • (d) Motivation
    उत्तर देखें

    उत्तर: (d)

96. 96. According to Marshall the basis of consumer surplus is

    • (a) Law of equi-marginal utility
    • (b) Law of equal proportions
    • (c) Law of diminishing marginal utility
    • (d) Law of variable proportions
    उत्तर देखें

    उत्तर: (c)

97. 97. Under Management Reporting System Control Reports and Information Reports are integral part of

    • (a) Financial Reports
    • (b) Operating Reports
    • (c) Both Financial Reports and operating reports
    • (d) Reports to be given to shareholders
    उत्तर देखें

    उत्तर: (b)

98. 98. When shares are forfeited, share capital account is debited by

    • (a) Face value of shares
    • (b) Called up amount of shares
    • (c) Paid up value of shares
    • (d) Unpaid amount of shares
    उत्तर देखें

    उत्तर: (b)

99. 99. Premium paid on the Joint Life Policy of the partners is

    • (a) Credited to the respective partner’s capital account
    • (b) Debited to the respective partner’s capital account
    • (c) Credited to profit and loss account
    • (d) Debited to profit and loss account
    उत्तर देखें

    उत्तर: (d)

100. 100. Who is known as the father of Scientific Management ?

     • (a) Emerson
     • (b) Mayo
     • (c) F. W. Taylor
     • (d) Keith Davis
     उत्तर देखें

     उत्तर: (c)

101. 101. From the following details calculate the taxable income of ‘A’ assuming that he is a ‘Not Ordinarily Resident’ i. Received Rs. 1,000 in India, which accrued in England ii. Rs. 6,000 was untaxed foreign income of some earlier years which was brought to India during previous year iii. Rs. 2,000 earned in India but received in England iv. Rs. 10,000 earned and received in Africa but brought to India

     • (a) Rs. 19,000
     • (b) Rs. 12,000
     • (c) Rs. 9,000
     • (d) Rs. 3,000
     उत्तर देखें

     उत्तर: (d)

102. 102. Which of the following is not a tool of management accounting ?

     • (a) Financial accounting
     • (b) Inflation accounting
     • (c) Standard costing
     • (d) Analysis of financial statements
     उत्तर देखें

     उत्तर: (b)

103. 103. In Contract Account, the work in progress consists of

     • (a) Cost of work certified
     • (b) Cost of work uncertified
     • (c) Cost of work certified and uncertified
     • (d) Cash received on work certified and cost of work certified
     उत्तर देखें

     उत्तर: (c)

104. 104. Income received in India or deemed to be received in India shall be taxable for

     • (a) All assesses
     • (b) Residents
     • (c) Not ordinarily residents
     • (d) Non-Residents
     उत्तर देखें

     उत्तर: (a)

105. 105. After recession, comes

     • (a) Prosperity
     • (b) Depression
     • (c) Recovery
     • (d) Stagnation
     उत्तर देखें

     उत्तर: (b)

106. 106. On 31st March 2019, total debtors are Rs. 25,000 and bad debts are Rs. 1,000, so if rate of discount on debtors is 2% and rate of provision for bad debts is 5% then the amount of discount on debtors will be

     • (a) Rs. 456
     • (b) Rs. 475
     • (c) Rs. 480
     • (d) Rs. 500
     उत्तर देखें

     उत्तर: (a)

107. 107. Break-Even Point is

     • (a) Where total revenue equals total costs
     • (b) Where total revenue equals total fixed cost
     • (c) Where total revenue equals total variable cost
     • (d) Where total revenue exceeds the total costs
     उत्तर देखें

     उत्तर: (a)

108. 108. Secular trend cannot be measured by

     • (a) Moving Average Method
     • (b) Semi-Average Method
     • (c) Weighted Average Method
     • (d) Free Hand Curve Method
     उत्तर देखें

     उत्तर: (c)

109. 109. Security premium is a

     • (a) Capital receipt
     • (b) Revenue receipt
     • (c) Personal receipt
     • (d) Current liability
     उत्तर देखें

     उत्तर: (a)

110. 110. The arithmetic mean of a frequency distribution is 5. If each frequency is multiplied by 5, the arithmetic mean will be

     • (a) 5
     • (b) 25
     • (c) 10
     • (d) 50
     उत्तर देखें

     उत्तर: (a)

111. 111. With regard to business cycles which of the following is not true ?

     • (a) Expansion, recession, depression and recovery are the four phases of business cycles
     • (b) Business cycle is a part of the capitalist system
     • (c) According to Keynes, “The trade cycle is a purely monetary phenomenon
     • (d) The innovations theory of business cycle is associated with the name of Joseph Schumpeter
     उत्तर देखें

     उत्तर: (c)

112. 112. After redemption of debentures, the balance of Sinking Fund Account is transferred to

     • (a) General Reserve Account
     • (b) Capital Reserve Account
     • (c) Profit and Loss Account
     • (d) Debenture Account
     उत्तर देखें

     उत्तर: (a)

113. 113. The responsibility to conduct census in India lies with

     • (a) Ministry of Home affairs, Government of India
     • (b) Ministry of Finance, Government of India
     • (c) Ministry of Labour and Employment Government of India
     • (d) Ministry of Youth Affairs and Sports Government of India
     उत्तर देखें

     उत्तर: (a)

114. 114. The concept of economic order quantity is concerned with

     • (a) Technique of warehousing of inventory
     • (b) Technique of inventory control
     • (c) Technique of inventory consumption in production process
     • (d) Technique of control of wastage of inventory
     उत्तर देखें

     उत्तर: (b)

115. 115. For printing of wedding invitation card the most appropriate costing system is

     • (a) Process costing
     • (b) Contract costing
     • (c) Unit costing
     • (d) Job costing
     उत्तर देखें

     उत्तर: (d)

116. 116. A functional relationship between two variables is called

     • (a) Correlation Analysis
     • (b) Time series Analysis
     • (c) Regression Analysis
     • (d) Association Attributes
     उत्तर देखें

     उत्तर: (c)

117. 117. Debtors Rs. 40,000; B/R Rs. 20,000; Credit sale Rs. 2,50,000; sales return Rs. 10,000; B/P Rs. 10,000. The Average collection period will be

     • (a) 2 months
     • (b) 3 months
     • (c) 4 months
     • (d) 5 months
     उत्तर देखें

     उत्तर: (b)

118. 118. The portion of uncalled capital that can be called up only on winding up of the company is known as

     • (a) Authorised capital
     • (b) Issued capital
     • (c) Subscribed capital
     • (d) Reserve capital
     उत्तर देखें

     उत्तर: (d)

119. 119. A company incorporated by a special Act of Parliament or any State Legislature is called

     • (a) Government company
     • (b) Public company
     • (c) Statutory company
     • (d) Registered company
     उत्तर देखें

     उत्तर: (c)

120. 120. The term casual income does not include

     • (a) Winning from Lottery
     • (b) Winning from Gambling
     • (c) Capital gain on sale of shares
     • (d) Receipt of money lying on road
     उत्तर देखें

     उत्तर: (c)

121. 121. If current ratio is 2.5 and working capital is Rs. 90,000 then the value of current assets would be

     • (a) Rs. 60,000
     • (b) Rs. 1,35,000
     • (c) Rs. 1,50,000
     • (d) Rs. 2,25,000
     उत्तर देखें

     उत्तर: (c)

122. 122. Inventory turnover ratio is

     • (a) Activity Ratio
     • (b) Profitability Ratio
     • (c) Solvency Ratio
     • (d) Liquidity Ratio
     उत्तर देखें

     उत्तर: (a)

123. 123. According to Companies Act, 2013 shares can be issued by a company at

     • (a) Par
     • (b) Discount
     • (c) Par or Premium
     • (d) Premium
     उत्तर देखें

     उत्तर: (c)

124. 124. Second quartile is called

     • (a) Mean
     • (b) Median
     • (c) Mode
     • (d) None of the above
     उत्तर देखें

     उत्तर: (b)

125. 125. Consider the following statements and identify the right ones : a. According to the theory of demographic transition in the first stage, birth rate is low but death rate is high. b. The difference between them is high.

     • (a) a only
     • (b) b only
     • (c) Both a and b
     • (d) Neither a nor b
     उत्तर देखें

     उत्तर: (d)