UP TGT 2016 — Commerce (Series A)

Commerce

1. 1. “Bad money drives good money out of circulation.” The propounder of this statement was :

   • (a) J.M. Keynes
   • (b) Thomas Gresham
   • (c) Samuelson
   • (d) Crowther
   उत्तर देखें

   उत्तर: (b)

2. 2. Utility derived from consumption of an additional unit of a good is called

   • (a) Total utility
   • (b) Marginal utility
   • (c) Additional utility
   • (d) Derived utility
   उत्तर देखें

   उत्तर: (b)

3. 3. Vouching is concerned with :

   • (a) Verification of authority and authenticity of transaction
   • (b) Validity of documentary evidences
   • (c) Accuracy of recorded entries and postings in books
   • (d) All of above
   उत्तर देखें

   उत्तर: (d)

4. 4. Which of the following is not a method of collecting primary data ?

   • (a) Direct interview
   • (b) Indirect interview
   • (c) National publications
   • (d) Questionnaire method
   उत्तर देखें

   उत्तर: (c)

5. 5. Which one of the following is not a clerical error ?

   • (a) Error of omission
   • (b) Error of commission
   • (c) Error of principle
   • (d) Compensating error
   उत्तर देखें

   उत्तर: (c)

6. 6. Part of capital which can be called-up at the time of winding of company is called :

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

   उत्तर: (a)

7. 7. Latin word “audire” means

   • (a) To adjust
   • (b) To dare
   • (c) To hear
   • (d) To here
   उत्तर देखें

   उत्तर: (c)

8. 8. Which is not the objective of Auditing ?

   • (a) Recording of original entries
   • (b) Verification of financial statements
   • (c) Detection of errors
   • (d) Detection of frauds
   उत्तर देखें

   उत्तर: (a)

9. 9. In a company, Internal Auditor is appointed by :

   • (a) Board of Directors
   • (b) Shareholders
   • (c) Government
   • (d) Creditors
   उत्तर देखें

   उत्तर: (a)

10. 10. Under Royalty Accounts, if there is strike for a certain period then :

    • (a) Royalty is reduced proportionately
    • (b) Shortworkings is reduced proportionately
    • (c) Minimum rent is reduced proportionately
    • (d) All of the above
    उत्तर देखें

    उत्तर: (c)

11. 11. When subsidiary books are maintained, the entry for special discounts to customers is done in :

    • (a) Journal
    • (b) Sales book
    • (c) Cash book
    • (d) None of these
    उत्तर देखें

    उत्तर: (a)

12. 12. A scheme of work to be done by the auditor is called :

    • (a) Audit system
    • (b) Audit survey
    • (c) Audit programme
    • (d) Audit guidelines
    उत्तर देखें

    उत्तर: (c)

13. 13. The middle value of an ordered array of numbers is the

    • (a) Mode
    • (b) Mean
    • (c) Median
    • (d) Quartile
    उत्तर देखें

    उत्तर: (c)

14. 14. The surplus or deficit revealed by income and expenditure account is transferred to :

    • (a) Receipts and payments account
    • (b) Profit and loss account
    • (c) Capital account
    • (d) Capital fund
    उत्तर देखें

    उत्तर: (d)

15. 15. ‘Management is the function of executive leadership everywhere’ – This definition is given by :

    • (a) P. Kotler
    • (b) H. Koontz
    • (c) R.C. Davis
    • (d) O’Donnel
    उत्तर देखें

    उत्तर: (c)

16. 16. Which one of the following error do not affect the agreement of trial balance ?

    • (a) Casting and posting errors
    • (b) Amount omitted from trial balance
    • (c) Recording of asset as expense
    • (d) Omission of an entry into ledger
    उत्तर देखें

    उत्तर: (c)

17. 17. Auditor gives report on :

    • (a) Truthfulness of accounts
    • (b) Fairness of accounts
    • (c) Validity of accounts
    • (d) All of these
    उत्तर देखें

    उत्तर: (d)

18. 18. Which media is useful for illiterate consumers ?

    • (a) Print media
    • (b) Broadcast media
    • (c) Posters/Hoardings
    • (d) Transit means
    उत्तर देखें

    उत्तर: (b)

19. 19. In a questionnaire, how many answers should be there for simple alternative questions ?

    • (a) Three
    • (b) Two
    • (c) No
    • (d) Many
    उत्तर देखें

    उत्तर: (b)

20. 20. The relationship between rate of inputs of productive services and the rate of output is known as :

    • (a) Production function
    • (b) Utility function
    • (c) Supply function
    • (d) None of these
    उत्तर देखें

    उत्तर: (a)

21. 21. The persons who sign the Memorandum of Association of a company are called :

    • (a) Shareholders
    • (b) Directors
    • (c) Subscribers to Memorandum of Association
    • (d) Promoters
    उत्तर देखें

    उत्तर: (c)

22. 22. Law of Demand states that :

    • (a) There is always a direct relationship between price and quantity demanded.
    • (b) There is always an inverse relationship between price and quantity demanded.
    • (c) There is always a direct relationship between desire and demand.
    • (d) There is no relationship between price and quantity demanded.
    उत्तर देखें

    उत्तर: (b)

23. 23. “Money is what money does.” Who said this ?

    • (a) Walker
    • (b) Robertson
    • (c) Crowther
    • (d) Paul Einzig
    उत्तर देखें

    उत्तर: (a)

24. 24. The purpose of ledger is to

    • (a) Classify the transactions
    • (b) Grouping of transactions
    • (c) Find balance in each account
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

25. 25. The unfavourable balance of Profit and Loss Account should be :

    • (a) Added in liabilities
    • (b) Substracted from assets
    • (c) Substracted from capital
    • (d) None of the above
    उत्तर देखें

    उत्तर: (c)

26. 26. The law of diminishing marginal utility was propagated by :

    • (a) H.H. Gossen
    • (b) Alfred Marshall
    • (c) Gossen and Marshall
    • (d) None of these
    उत्तर देखें

    उत्तर: (a)

27. 27. On dissolution of a firm, the balance of provision for Bad Debts Account is transferred to :

    • (a) General Reserve Account
    • (b) Debtors Account
    • (c) Realisation Account
    • (d) Partner’s Capital Account
    उत्तर देखें

    उत्तर: (c)

28. 28. Which one of the following is not an objective of auditing ?

    • (a) Detection of errors
    • (b) Verification of accounts
    • (c) Punishment for frauds
    • (d) Preventions of frauds
    उत्तर देखें

    उत्तर: (c)

29. 29. Which of the following statements is true ?

    • (a) When the total utility is maximum, marginal utility is zero.
    • (b) When total utility decreases, marginal utility remains constant.
    • (c) Total utility and marginal utility are not inter related.
    • (d) All of the above
    उत्तर देखें

    उत्तर: (a)

30. 30. Which among the following is a function of modern office ?

    • (a) Receiving Information
    • (b) Giving Information
    • (c) Public Relations
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

31. 31. The best means of increasing sale of an article is

    • (a) Exhibition
    • (b) Fairs
    • (c) Advertisement
    • (d) None of these
    उत्तर देखें

    उत्तर: (c)

32. 32. The concept of management by objectives was propagated by :

    • (a) Herald Koontz
    • (b) Ralph Davis
    • (c) H.L. Gantt
    • (d) Peter F. Drucker
    उत्तर देखें

    उत्तर: (d)

33. 33. An Auditor makes effort to detect mainly following types of fraud

    • (a) Misappropriation of cash
    • (b) Misappropriation of goods
    • (c) Frauds in books of accounts
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

34. 34. Which one of the following is not a social evil of the money ?

    • (a) Trade cycles
    • (b) Fraud
    • (c) Murders
    • (d) Corruption
    उत्तर देखें

    उत्तर: (a)

35. 35. Which of the following is not a measure of dispersion ?

    • (a) Skewness
    • (b) Standard deviation
    • (c) Mean deviation
    • (d) Range
    उत्तर देखें

    उत्तर: (a)

36. 36. In India ‘Lender of Last Resort’ is called

    • (a) Reserve Bank of India
    • (b) Government of India
    • (c) NABARD
    • (d) State Bank of India
    उत्तर देखें

    उत्तर: (a)

37. 37. Planning Commission of India is replaced by

    • (a) Finance Commission
    • (b) Indian Planning Board
    • (c) NITI Aayog
    • (d) NITI Panel
    उत्तर देखें

    उत्तर: (c)

38. 38. Classification of data may be

    • (a) Geographical
    • (b) Qualitative
    • (c) Quantitative
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

39. 39. Which of the following is the base for preparing trial balance ?

    • (a) Journal
    • (b) Ledger
    • (c) Cash Book
    • (d) Balance Sheet
    उत्तर देखें

    उत्तर: (b)

40. 40. Selection of best alternatives is an important step in :

    • (a) Planning
    • (b) Decision making
    • (c) Forecasting
    • (d) Implementation
    उत्तर देखें

    उत्तर: (b)

41. 41. Hawthorne experiments was conducted by :

    • (a) George Elton Mayo
    • (b) George Elizabeth Mayo
    • (c) George Ezen Mayo
    • (d) George Mayo
    उत्तर देखें

    उत्तर: (a)

42. 42. Under vouching, checking is done of :

    • (a) Books of original entry
    • (b) Final books of accounts
    • (c) Balance sheet
    • (d) All of the above
    उत्तर देखें

    उत्तर: (a)

43. 43. The full form of CIF is :

    • (a) Cost, Insurance and Freight
    • (b) Cost, Insurance and Flight
    • (c) Company, Insurance and Freight
    • (d) Company, Investment and Freight
    उत्तर देखें

    उत्तर: (a)

44. 44. Co-ordination involves :

    • (a) Forecasting
    • (b) Unity of purpose
    • (c) Selection of staff
    • (d) All of these
    उत्तर देखें

    उत्तर: (b)

45. 45. Every company has to file with registrar, a copy of

    • (a) Articles of Association
    • (b) Prospectus
    • (c) Memorandum of Association
    • (d) None of the above
    उत्तर देखें

    उत्तर: (c)

46. 46. Outstanding Expenses Account is :

    • (a) Income and Expenditure Account
    • (b) Nominal Account
    • (c) Personal Account
    • (d) Real Account
    उत्तर देखें

    उत्तर: (c)

47. 47. Which of the following statement is true in relation to Indian Agriculture ?

    • (a) Labour productivity is low in agriculture
    • (b) Land holding size is big
    • (c) Government procures the whole agricultural produce
    • (d) All of the above
    उत्तर देखें

    उत्तर: (a)

48. 48. Advertising objectives do not include

    • (a) Informing consumers
    • (b) Changing attitudes
    • (c) Making entertainment
    • (d) Developing awareness
    उत्तर देखें

    उत्तर: (c)

49. 49. Journal is a book of :

    • (a) First entry
    • (b) Original entry
    • (c) Datewise entry
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

50. 50. Classification on the basis of income, production, weight etc. is known as

    • (a) Geographical classification
    • (b) Quantitative classification
    • (c) Continuous classification
    • (d) Qualitative classification
    उत्तर देखें

    उत्तर: (b)

51. 51. The partners of a registered firm can file a suit :

    • (a) Against the firm
    • (b) Against other partners
    • (c) Against third parties
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

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

    • (a) Profit and Loss Account
    • (b) Asset Account
    • (c) Old Partners’ Capital Account
    • (d) Revaluation Account
    उत्तर देखें

    उत्तर: (d)

53. 53. Density of population means number of persons per :

    • (a) Square foot
    • (b) Square metre
    • (c) Square inch
    • (d) Square kilometre
    उत्तर देखें

    उत्तर: (d)

54. 54. Under which of the cost differences international trade would not take place ?

    • (a) Equal
    • (b) Comparative
    • (c) Absolute
    • (d) All of these
    उत्तर देखें

    उत्तर: (a)

55. 55. In financial accounting, ledger posting is a process of :

    • (a) Summarising
    • (b) Classifying
    • (c) Recording
    • (d) Interpreting
    उत्तर देखें

    उत्तर: (b)

56. 56. Transferring entries from journal to ledger account is commonly known as

    • (a) Recording
    • (b) Transferring
    • (c) Posting
    • (d) Entering
    उत्तर देखें

    उत्तर: (c)

57. 57. Advertising can become life and death matter under which market structure ?

    • (a) Duopoly
    • (b) Perfect market
    • (c) Oligopoly
    • (d) Monopoly
    उत्तर देखें

    उत्तर: (c)

58. 58. The objective of vouching is :

    • (a) Getting knowledge of business transactions
    • (b) Getting knowledge of non-business transactions
    • (c) (A) and (B) both
    • (d) None of the above
    उत्तर देखें

    उत्तर: (d)

59. 59. Exception to the law of demand is :

    • (a) Diminishing marginal utility
    • (b) Giffen paradox
    • (c) Different uses of products
    • (d) Price of substitute goods
    उत्तर देखें

    उत्तर: (b)

60. 60. The process that entails a proper and rational distribution of work between the members of the staff of the organisation is called :

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

    उत्तर: (b)

61. 61. When the partnership firm is dissolved, the following account is opened in the books of firm

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

    उत्तर: (c)

62. 62. Tally sheets are used to determine

    • (a) Class limits
    • (b) Frequency of each class
    • (c) Number of classes
    • (d) Continuous series
    उत्तर देखें

    उत्तर: (b)

63. 63. Personal selling is not targeted towards

    • (a) Mass audiences
    • (b) Personal contact
    • (c) Two way communication
    • (d) Quick feedback
    उत्तर देखें

    उत्तर: (a)

64. 64. Accounting process does not include :

    • (a) Recording
    • (b) Classifying
    • (c) Simplifying
    • (d) Summarising
    उत्तर देखें

    उत्तर: (c)

65. 65. The relationship between values of money and general price level is :

    • (a) Direct
    • (b) Inverse
    • (c) Indirect
    • (d) Proportional
    उत्तर देखें

    उत्तर: (b)

66. 66. Which of the following limits the power of credit creation by Commercial Banks ?

    • (a) Fiscal Policy
    • (b) Banking Laws
    • (c) REPO rates
    • (d) Business Pessimism
    उत्तर देखें

    उत्तर: (c)

67. 67. Total of the two sides of account and to find out the difference is called :

    • (a) Totalling
    • (b) Trialing
    • (c) Balancing
    • (d) Analysing
    उत्तर देखें

    उत्तर: (c)

68. 68. The accounting concept that is used to prepare the Profit and Loss Account is known as :

    • (a) Cost
    • (b) Realisation
    • (c) Matching
    • (d) Disclosure
    उत्तर देखें

    उत्तर: (c)

69. 69. Which of the following is not a function of money ?

    • (a) Medium of exchange
    • (b) Storage of value
    • (c) Stabilisation of prices
    • (d) Unit of measurement
    उत्तर देखें

    उत्तर: (c)

70. 70. Personal selling includes :

    • (a) Oral communication
    • (b) Face to face interaction
    • (c) Conversation with customers
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

71. 71. A journal entry, in which two or more accounts are debited/credited, is known as

    • (a) Double entry
    • (b) Multi entry
    • (c) Additional entry
    • (d) Compound entry
    उत्तर देखें

    उत्तर: (d)

72. 72. “Management is an organ, which can be defined only through functions” – This definition is given by :

    • (a) Adam Smith
    • (b) George Terry
    • (c) Peter F. Drucker
    • (d) Henry Fayol
    उत्तर देखें

    उत्तर: (c)

73. 73. Restricting competition is a :

    • (a) Unfair trade practice
    • (b) Monopolistic trade practice
    • (c) Restrictive trade practice
    • (d) All of these
    उत्तर देखें

    उत्तर: (c)

74. 74. The salary paid to a clerk Ramesh should be credited to :

    • (a) Ramesh’s Account
    • (b) Salary Account
    • (c) Cash Account
    • (d) Profit and Loss Account
    उत्तर देखें

    उत्तर: (c)

75. 75. Systems approach is not propagated by :

    • (a) W.G. Scott
    • (b) Robert
    • (c) Peter Drucker
    • (d) J.D. Thompson
    उत्तर देखें

    उत्तर: (c)

76. 76. The primary function of the book-keeping is to

    • (a) Designing the system of recording the transactions
    • (b) Assigning the responsibility to accountant
    • (c) Recording of financial data
    • (d) Classifying the recorded data
    उत्तर देखें

    उत्तर: (c)

77. 77. Section 2(36) of Companies Act is related to

    • (a) Memorandum
    • (b) Prospectus
    • (c) Articles
    • (d) Incorporation
    उत्तर देखें

    उत्तर: —

78. 78. Which of the following averages can not be calculated with the help of graphic presentation ?

    • (a) Arithmetic mean
    • (b) Quartiles
    • (c) Median
    • (d) Mode
    उत्तर देखें

    उत्तर: (a)

79. 79. Sound pollution arises when sound wave exceeds :

    • (a) 20 – 30 decibels
    • (b) 30 – 40 decibels
    • (c) 40 – 50 decibels
    • (d) None of these
    उत्तर देखें

    उत्तर: —

80. 80. Which one of the following is not a part of organised money market ?

    • (a) Central Bank
    • (b) Commercial Banks
    • (c) Indigenous bankers
    • (d) Regional Rural Banks
    उत्तर देखें

    उत्तर: (c)

81. 81. Cash discount allowed to a debtor should be credited to

    • (a) Discount Account
    • (b) Customer’s Account
    • (c) Sales Account
    • (d) Purchases Account
    उत्तर देखें

    उत्तर: (b)

82. 82. In the case of hire purchase, assets account is debited with

    • (a) Hire purchase price
    • (b) Cash price
    • (c) Cost price of the seller
    • (d) None of the above
    उत्तर देखें

    उत्तर: (b)

83. 83. The elasticity of demand at the mid point on a straight demand line is

    • (a) Zero
    • (b) Equal to one
    • (c) More than one
    • (d) Less than one
    उत्तर देखें

    उत्तर: (b)

84. 84. The effect of surrender of shares is the same as of shares’ :

    • (a) Issue
    • (b) Forfeiture
    • (c) Re-issue
    • (d) None of these
    उत्तर देखें

    उत्तर: (b)

85. 85. According to traditional approach of money in normal sense includes

    • (a) Currency
    • (b) Currency and demand deposits
    • (c) Currency and bank deposits
    • (d) All liquid assets
    उत्तर देखें

    उत्तर: —

86. 86. A new partner brings in cash as his share of goodwill; this amount will be distributed among old partners in :

    • (a) Old profit sharing ratio
    • (b) Equal ratio
    • (c) Ratio of capitals
    • (d) Sacrifice ratio
    उत्तर देखें

    उत्तर: (d)

87. 87. General rules and regulations for the performance of office work are specified in

    • (a) Organisations Manual
    • (b) Office Manual
    • (c) Organisation Chart
    • (d) Management Guidelines
    उत्तर देखें

    उत्तर: (b)

88. 88. Which of the following is not an attribute of production function ?

    • (a) Flow concept
    • (b) State of technology
    • (c) Quantity of inputs
    • (d) State of inputs
    उत्तर देखें

    उत्तर: (c)

89. 89. The return of goods by a customer is debited to :

    • (a) Sales Return Account
    • (b) Customer’s Account
    • (c) Purchases Account
    • (d) Stock Account
    उत्तर देखें

    उत्तर: (a)

90. 90. In case of ‘installment payment system’, total interest receivable by the seller is credited to

    • (a) Interest Suspense Account
    • (b) Interest Account
    • (c) Sales Account
    • (d) None of the above
    उत्तर देखें

    उत्तर: (a)

91. 91. Charter party is used :

    • (a) in export trade
    • (b) in import trade
    • (c) in internal trade
    • (d) none of these
    उत्तर देखें

    उत्तर: (a)

92. 92. Which statement is false with reference to dead stocks of a bank ?

    • (a) They yield no profit to bank
    • (b) These include furniture and buildings
    • (c) These are used to increase reputation
    • (d) These are non-performing assets
    उत्तर देखें

    उत्तर: (d)

93. 93. One of the problems of India’s Foreign Trade is

    • (a) Payment of imports in rupees
    • (b) Increasing quantity of exports
    • (c) Unfavorable terms of trade
    • (d) None of the above
    उत्तर देखें

    उत्तर: (c)

94. 94. 1991 crisis in Indian economy was originated from :

    • (a) Domestic sector
    • (b) External sector
    • (c) Both (A) and (B)
    • (d) None of these
    उत्तर देखें

    उत्तर: (b)

95. 95. Which one of the following is not a part of Hawthorne experiments ?

    • (a) Illumination
    • (b) Mass interviewing
    • (c) Bank wiring observation room
    • (d) Mass assembly room
    उत्तर देखें

    उत्तर: (d)

96. 96. Which one of the following is a relative measure of dispersion ?

    • (a) Mean deviation
    • (b) Standard deviation
    • (c) Coefficient of variation
    • (d) Variance
    उत्तर देखें

    उत्तर: (c)

97. 97. With the help of Ogive curve, we can estimate :

    • (a) Arithmetic mean
    • (b) Mode
    • (c) Median
    • (d) All of the above
    उत्तर देखें

    उत्तर: (c)

98. 98. Cash withdrawn by the proprietor for his personal use should be debited to

    • (a) Sales account
    • (b) Capital account
    • (c) Drawings account
    • (d) Both (B) and (C)
    उत्तर देखें

    उत्तर: (d)

99. 99. Nearness of near money depends on

    • (a) Legality
    • (b) Profitability
    • (c) Validity
    • (d) Liquidity
    उत्तर देखें

    उत्तर: (d)

100. 100. A cash discount received is entered on the three column cash book on :

     • (a) Debit side
     • (b) Credit side
     • (c) No Entry is made
     • (d) Written as a note
     उत्तर देखें

     उत्तर: (b)

101. 101. Which one of the following statements is not true ?

     • (a) In the absence of partnership deed profit and loss is distributed among partners in equal ratio.
     • (b) Minor partner can get his share of profit.
     • (c) The relation between partners are created through deed.
     • (d) Registration of partnership is compulsory.
     उत्तर देखें

     उत्तर: (d)

102. 102. One of the following is a feature of perfect market structure

     • (a) Entry barriers
     • (b) Interdependence
     • (c) Absence of selling costs
     • (d) Non-price competition
     उत्तर देखें

     उत्तर: —

103. 103. Mc Gregor has propounded

     • (a) Theory X
     • (b) Theory Y
     • (c) Theory ‘X’ and theory ‘Y’ both
     • (d) None of the above
     उत्तर देखें

     उत्तर: (c)

104. 104. Which one of the following statements is not true ?

     • (a) The job of book-keeping is analytical in nature.
     • (b) Book-keeping is an art as well as a science of recording business transactions.
     • (c) Transactions are recorded in a certain set of books.
     • (d) Book-keeping is the method of recording in account books.
     उत्तर देखें

     उत्तर: (a)

105. 105. Demand for furniture is a

     • (a) Consumer’s demand
     • (b) Durable demand
     • (c) Producer’s demand
     • (d) Both (A) and (B)
     उत्तर देखें

     उत्तर: (d)

106. 106. After re-issue of forfeited shares, balance of share forfeiture account is transferred to :

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

     उत्तर: (d)

107. 107. Which one of the following statement is not true ?

     • (a) The object of trial balance is to test the accuracy of the books.
     • (b) Trial balance provides basis for preparation of final accounts.
     • (c) Errors of principles do not affect the agreement of the trial balance.
     • (d) Compensatory errors are also known as equalising errors.
     उत्तर देखें

     उत्तर: (a)

108. 108. Mr. ‘X’ is marketing manager of TCS. He is

     • (a) First level manager
     • (b) Middle level manager
     • (c) Top level manager
     • (d) None of the above
     उत्तर देखें

     उत्तर: (b)

109. 109. M/s Stationery Mart will debit the purchase of stationery to :

     • (a) General Expenses A/c
     • (b) Purchases A/c
     • (c) Stationery A/c
     • (d) None of the above
     उत्तर देखें

     उत्तर: (b)

110. 110. The main objective of Book-keeping is to :

     • (a) find out profit or loss
     • (b) keep correct and complete record of business transactions
     • (c) show the correct position of assets and liabilities
     • (d) examine the accuracy of business transactions
     उत्तर देखें

     उत्तर: (b)

111. 111. Revenue from sale of products ordinarily is reported as part of earning in the period in which :

     • (a) the sale is made
     • (b) the cash is collected
     • (c) the order is received
     • (d) the cheque is received
     उत्तर देखें

     उत्तर: (a)

112. 112. Which one of the following is a feature of monopolistic competition ?

     • (a) Heavy advertisement
     • (b) Non-price competition
     • (c) Interdependent firms
     • (d) Price competition
     उत्तर देखें

     उत्तर: (b)

113. 113. Break even analysis is also known as :

     • (a) Cost volume profit analysis
     • (b) Cost benefit analysis
     • (c) Incremental analysis
     • (d) None of these
     उत्तर देखें

     उत्तर: (a)

114. 114. Which one of the following errors affect the trial balance ?

     • (a) A bill receivable, received from P for Rs. 1,200 was found entered in the Bills Payable Day Book as Rs. 2,100.
     • (b) A sum of Rs. 300 received from the estate of an insolvent debtor was found credited to his account which was already written off as bad.
     • (c) Rs. 800 owed by a debtor was omitted to be included in the schedule of debtors.
     • (d) Old machinery sold on credit for Rs. 700, was passed through the sales book.
     उत्तर देखें

     उत्तर: —

115. 115. If credit side of a bank account is greater than debit side, it indicates :

     • (a) Bank overdraft
     • (b) Cash at bank
     • (c) Bank balance
     • (d) Current asset
     उत्तर देखें

     उत्तर: (a)

116. 116. Sale of furniture by a furniture dealer for cash is debited to :

     • (a) Cash account
     • (b) Sales account
     • (c) Furniture account
     • (d) None of the above
     उत्तर देखें

     उत्तर: (a)

117. 117. Value of money refers to

     • (a) Gold purchased by money
     • (b) General purchasing power of money
     • (c) Demand for money
     • (d) Value intrinsic in money
     उत्तर देखें

     उत्तर: (b)

118. 118. Who is called Father of Economics ?

     • (a) Max Muller
     • (b) Karl Marx
     • (c) Adam Smith
     • (d) Samuelson
     उत्तर देखें

     उत्तर: (c)

119. 119. Shortworking means

     • (a) Excess of minimum rent over royalty
     • (b) Excess of royalty over minimum rent
     • (c) Surplus of royalty
     • (d) Excess of actual rent over minimum rent
     उत्तर देखें

     उत्तर: (a)

120. 120. The contribution of agriculture to Indian economy is

     • (a) Increasing
     • (b) Decreasing
     • (c) Constant
     • (d) None of these
     उत्तर देखें

     उत्तर: (b)

121. 121. Sales book is a record of :

     • (a) Only cash sales of goods
     • (b) Only sale of assets
     • (c) Only credit sales of goods
     • (d) All sales
     उत्तर देखें

     उत्तर: (c)

122. 122. Which of the following documents is not relevant for vouching cash sales ?

     • (a) Daily cash sales summary
     • (b) Monthly statements sent to customers
     • (c) Salesmen’s statement
     • (d) Bank statement
     उत्तर देखें

     उत्तर: (b)

123. 123. The amount spent to increase the earning capacity of a business is :

     • (a) Capital loss
     • (b) Deferred revenue expenditure
     • (c) Revenue expense
     • (d) Capital expenditure
     उत्तर देखें

     उत्तर: (d)

124. 124. “Money is the pivot around which the economic science clusters.” This statement was stated by :

     • (a) Adam Smith
     • (b) Alfred Marshall
     • (c) J.M. Keynes
     • (d) Koutilya
     उत्तर देखें

     उत्तर: (b)

125. 125. In which market structure, the demand is perfectly elastic ?

     • (a) Duopoly
     • (b) Perfect competition
     • (c) Monopoly
     • (d) Oligopoly
     उत्तर देखें

     उत्तर: (b)