UP TGT 2021 — Commerce (Series A)

Commerce

1. 1. R and S are partners sharing profits in the ratio of 5 : 3. T joins the firm as a new partner. R gives 1/4th of his share and S give 2/5th of his share to new partner. New profit sharing ratio of R, S and T will be

   • (a) 15 : 01 : 26
   • (b) 75 : 36 : 49
   • (c) 25 : 15 : 26
   • (d) 20 : 9 : 11
   उत्तर देखें

   उत्तर: (b)

2. 2. Depreciation on fixed assets is an example of

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

   उत्तर: (b)

3. 3. On the dissolution of a firm, the amount realised from an unrecorded asset is transferred to

   • (a) Revaluation Account
   • (b) Realization Account
   • (c) Partner's Capital Accounts
   • (d) Credit side of Cash Account
   उत्तर देखें

   उत्तर: (b)

4. 4. Auditing and Assurance Standard – 2 (AAS – 2) are concerned with

   • (a) Vouching
   • (b) Valuation of assets and liabilities
   • (c) Audit planning
   • (d) Objective and scope of the audit of financial statements
   उत्तर देखें

   उत्तर: (d)

5. 5. Under Hire Purchase System the relationship between buyer and seller is

   • (a) Debtor and creditor
   • (b) Pawner and pawnee
   • (c) Bailor and bailee
   • (d) Lender and the borrower
   उत्तर देखें

   उत्तर: (c)

6. 6. Memorandum of Association is/are

   • (a) Internal rules of the Company
   • (b) Guidelines for Board of Directors
   • (c) Agreement between Company and Board of Directors
   • (d) Charter of the Company
   उत्तर देखें

   उत्तर: (d)

7. 7. Rearrange Maslow's hierarchy of needs logically : a. Physiological needs b. Security needs c. Esteem needs d. Social needs e. Self actualization needs

   • (a) a, b, d, c, e
   • (b) a, d, b, c, e
   • (c) b, a, d, c, e
   • (d) b, d, a, c, e
   उत्तर देखें

   उत्तर: (a)

8. 8.

   • (a) Extrinsic motivation
   • (b) Intrinsic motivation
   • (c) Negative motivation
   • (d) Positive motivation
   उत्तर देखें

   उत्तर: (c)

9. 9. India's rank in world population is

   • (a) First
   • (b) Second
   • (c) Third
   • (d) Fifth
   उत्तर देखें

   उत्तर: (b)

10. 10. Repo rate means

    • (a) The rate at which commercial banks borrow money from RBI
    • (b) The rate at which commercial banks lend money to RBI
    • (c) The rate at which commercial banks lend money to customers
    • (d) The rate at which commercial banks borrow money from customers
    उत्तर देखें

    उत्तर: (a)

11. 11. Ledger is a book of

    • (a) Original entry
    • (b) Final entry
    • (c) Adjustment entry
    • (d) Rectification entry
    उत्तर देखें

    उत्तर: (b)

12. 12. According to Malthus, the population of a country grows

    • (a) Arithmetically
    • (b) Algebraically
    • (c) Geometrically
    • (d) At constant rate
    उत्तर देखें

    उत्तर: (c)

13. 13. Gross Book Value of a fixed assets is its

    • (a) cost less depreciation
    • (b) historical cost
    • (c) fair market value
    • (d) realisable value
    उत्तर देखें

    उत्तर: (b)

14. 14. According to the Double Entry System, salary paid to a clerk Ramesh is a

    • (a) Real Transaction
    • (b) Personal Transaction
    • (c) Nominal Transaction
    • (d) Both Real and Personal Transaction
    उत्तर देखें

    उत्तर: (c)

15. 15. Drawings Account is

    • (a) Nominal Account
    • (b) Personal Account
    • (c) Real Account
    • (d) Fictitious Account
    उत्तर देखें

    उत्तर: (b)

16. 16. Which of the following is a basic evidence of a transaction ?

    • (a) Journal entry
    • (b) Cash book
    • (c) Voucher
    • (d) Pass book
    उत्तर देखें

    उत्तर: (c)

17. 17. On 28th March, 2019 stock worth ₹ 10,000 was lost by fire. The insurance company admitted full claim. On 31st March, 2019 while preparing Final Accounts, it will be shown

    • (a) Only in Trading Account
    • (b) Only in Profit and Loss Account
    • (c) Both in Trading and Profit and Loss Account
    • (d) Both in Trading Account and Balance Sheet
    उत्तर देखें

    उत्तर: (d)

18. 18. In the absence of any contract to the contrary, capital profit on dissolution of a Partnership Firm is shared among partners in

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

    उत्तर: (a)

19. 19. Repairs of second hand machinery purchased is debited to repairs account. It is an error of

    • (a) Compensating
    • (b) Omission
    • (c) Commission
    • (d) Principle
    उत्तर देखें

    उत्तर: (d)

20. 20. At the time of retirement of a partner profit on revaluation of assets and liabilities is credited to

    • (a) Capital Account of retiring partner
    • (b) Capital Accounts of all partners in their old profit sharing ratio
    • (c) Capital Accounts of remaining partners in their gaining ratio
    • (d) Capital Accounts of remaining partners in their new profit sharing ratio
    उत्तर देखें

    उत्तर: (b)

21. 21. Which one of the following is not a formula of Standard Deviation (σ) ?

    • (a) σ = √[Σd²ₓ/N − (Σdₓ/N)²]
    • (b) σ = (1/N) √[Σd²ₓ − (Σdₓ)²]
    • (c) σ = √[Σd²ₓ/N − (X̄ − A)²]
    • (d) σ = √[(Σd²ₓ − N(X̄ − A)²)/N]
    उत्तर देखें

    उत्तर: (b)

22. 22. Which of the following is not a feature of the Hire Purchase System ?

    • (a) Price is paid in instalments
    • (b) Possession is given immediately
    • (c) On default the seller has a right to repossess the goods
    • (d) Ownership is transferred immediately
    उत्तर देखें

    उत्तर: (d)

23. 23. Strategic planning is done by

    • (a) Top level management
    • (b) Middle level management
    • (c) Supervisory level management
    • (d) Operating level management
    उत्तर देखें

    उत्तर: (a)

24. 24. Which one of the following is not an element of co-ordination ?

    • (a) Co-operation
    • (b) Motivation
    • (c) Mutual understanding
    • (d) Communication
    उत्तर देखें

    उत्तर: (b)

25. 25. The essence of management is

    • (a) Planning
    • (b) Organising
    • (c) Co-ordinating
    • (d) Control
    उत्तर देखें

    उत्तर: (c)

26. 26. The measure of the variation of the items is

    • (a) Skewness
    • (b) Dispersion
    • (c) Correlation
    • (d) Kurtosis
    उत्तर देखें

    उत्तर: (b)

27. 27. The main objective of safeguard duty is

    • (a) To protect the benefits of consumers
    • (b) To increase Government Revenue
    • (c) To protect the indigenous industries
    • (d) To assist exporters in realization of payment from importers
    उत्तर देखें

    उत्तर: (c)

28. 28. In journal transactions are recorded on

    • (a) Chronological basis
    • (b) Analytical basis
    • (c) Convenience basis
    • (d) Selective basis
    उत्तर देखें

    उत्तर: (a)

29. 29. The most commonly used measure of dispersion is

    • (a) Range
    • (b) Standard deviation
    • (c) Coefficient of variation
    • (d) Quartile deviation
    उत्तर देखें

    उत्तर: (b)

30. 30. Which of the following formula is correct to calculate provision on debtors to be transferred to Profit and Loss Account ?

    • (a) Bad Debts + New Provision – Old Provision
    • (b) Provision on Debtors + New Provision + Bad Debts – Further Bad Debts
    • (c) Bad Debts + New Bad Debts + New Provision – Old Provision
    • (d) New Provision on Debtors + Old Provision made for Bad Debts
    उत्तर देखें

    उत्तर: (c)

31. 31. Balance of petty cash book represents

    • (a) An expense
    • (b) A profit
    • (c) An assets
    • (d) A liability
    उत्तर देखें

    उत्तर: (c)

32. 32. In the books of lessee the unrecouped amount of shortworkings is transferred to

    • (a) Royalty Account
    • (b) Minimum Rent Account
    • (c) Lessor's Account
    • (d) Profit and Loss Account
    उत्तर देखें

    उत्तर: (d)

33. 33. Interest on calls in arrears according to Table 'A' is charged at

    • (a) 5%
    • (b) 6%
    • (c) 12%
    • (d) 18%
    उत्तर देखें

    उत्तर: (a)

34. 34. The interest on the Capital Accounts of partners is credited to

    • (a) Interest A/c
    • (b) Partners Capital A/c
    • (c) Profit and Loss A/c
    • (d) Profit and Loss Appropriation A/c
    उत्तर देखें

    उत्तर: (b)

35. 35. The balance amount in the Joint Life Insurance Policy Reserve Account is transferred to

    • (a) Deceased Partner's Personal Account
    • (b) Remaining Partner's Personal Accounts
    • (c) All Partner's Personal Accounts
    • (d) Joint Life Policy Insurance Account
    उत्तर देखें

    उत्तर: (c)

36. 36. Every voucher should be signed by

    • (a) Accounts Officer
    • (b) Accountant
    • (c) Manager
    • (d) Responsible Official
    उत्तर देखें

    उत्तर: (d)

37. 37. If variance is 144, then the standard deviation will be

    • (a) 2
    • (b) 12
    • (c) 72
    • (d) 288
    उत्तर देखें

    उत्तर: (b)

38. 38. Decision making is a

    • (a) Function
    • (b) Process
    • (c) Objective
    • (d) Policy
    उत्तर देखें

    उत्तर: (b)

39. 39. If the demand of a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the goods to

    • (a) Increase
    • (b) Decrease
    • (c) Remain the same
    • (d) Become zero
    उत्तर देखें

    उत्तर: (a)

40. 40. 'Bank rate' is the rate at which commercial banks

    • (a) borrow money from Reserve Bank of India
    • (b) lend money to customers
    • (c) borrow money from customers
    • (d) lend money to Reserve Bank of India
    उत्तर देखें

    उत्तर: (a)

41. 41. The central value of a serially arranged series is known as

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

    उत्तर: (c)

42. 42. Ashoka Ltd. purchased a machine from Tata & Sons for Rs. 1,50,000. This is

    • (a) A transaction
    • (b) An event
    • (c) A non financial data
    • (d) None of the above
    उत्तर देखें

    उत्तर: (a)

43. 43. In journal transactions are recorded on

    • (a) Yearly basis
    • (b) Monthly basis
    • (c) Daily basis
    • (d) Periodic-interval basis
    उत्तर देखें

    उत्तर: (c)

44. 44. Franco Invoice includes

    • (a) all costs upto putting the goods at the door of the buyer
    • (b) cost, insurance and freight
    • (c) all the costs upto Railway Station
    • (d) all costs upto loading the goods into the railway wagons
    उत्तर देखें

    उत्तर: (a)

45. 45. Which of the following is correct ?

    • (a) Income tax is a trade expense
    • (b) Closing Stock shown in Trial Balance is recorded in Balance Sheet
    • (c) Prepaid Expenses Account is Nominal Account
    • (d) Advance received from a customer is credited to Profit and Loss Account as an income
    उत्तर देखें

    उत्तर: (b)

46. 46. Ledger is an accounting book in which

    • (a) Only Real Accounts are opened
    • (b) Only Real and Personal Accounts are opened
    • (c) All the Real, Personal and Nominal Accounts are opened
    • (d) Only Trading and Profit and Loss Accounts are opened
    उत्तर देखें

    उत्तर: (c)

47. 47. In the event of recoupment of shortworkings by the lessee, the lessor debits

    • (a) Minimum Rent Account
    • (b) Lessee's Account
    • (c) Royalty Reserve Account
    • (d) Profit and Loss Account
    उत्तर देखें

    उत्तर: (c)

48. 48. Which of the following can not be used for redemption of preference shares ?

    • (a) Insurance Fund
    • (b) Workmen's Compensation Fund
    • (c) General Reserve
    • (d) Profit Prior to Incorporation
    उत्तर देखें

    उत्तर: (d)

49. 49. After admission of a new partner the capital of all the partner must be in

    • (a) New profit sharing ratio
    • (b) Old profit sharing ratio
    • (c) Equal ratio
    • (d) Mutually agreed ratio
    उत्तर देखें

    उत्तर: (d)

50. 50.

    • (a) ₹ 3,600 : ₹ 2,400
    • (b) ₹ 3,000 : ₹ 3,000
    • (c) ₹ 2,400 : ₹ 3,600
    • (d) ₹ 2,000 : ₹ 4,000
    उत्तर देखें

    उत्तर: (b)

51. 51. Which one of the following is not considered as relevant voucher while vouching cash sales ?

    • (a) Sales book
    • (b) Copy of cash memo
    • (c) Abstract of salesman
    • (d) Cashier's summaries
    उत्तर देखें

    उत्तर: (a)

52. 52.

    • (a) Auditing
    • (b) Vouching
    • (c) Verification
    • (d) Checking
    उत्तर देखें

    उत्तर: (a)

53. 53. Hawthorne experiments were carried out by

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

    उत्तर: (a)

54. 54. The monopolist maximises profit by producing and selling their output at that point on which its

    • (a) Marginal revenue is greater than marginal cost
    • (b) Marginal cost and marginal revenue both are equal
    • (c) Marginal cost is greater than marginal revenue
    • (d) Marginal revenue is greater than average revenue
    उत्तर देखें

    उत्तर: (b)

55. 55. Recording of business transactions in a systematic manner and classifying them in ledger is called

    • (a) Accounting
    • (b) Book-keeping
    • (c) Adjustment
    • (d) Measurement
    उत्तर देखें

    उत्तर: (b)

56. 56. In economics, distribution means

    • (a) Distribution of labour
    • (b) Distribution of income among factors of production
    • (c) Distribution of capital among the three sectors of economy
    • (d) Distribution of goods among consumers
    उत्तर देखें

    उत्तर: (b)

57. 57. "Losses are anticipated and profits are not accounted until realised", is the part of following principle

    • (a) Consistency
    • (b) Comparability
    • (c) Conservatism
    • (d) Disclosure
    उत्तर देखें

    उत्तर: (c)

58. 58. The basic accounting equation is based on

    • (a) Cost concept
    • (b) Accounting period concept
    • (c) Accrual concept
    • (d) Dual aspect concept
    उत्तर देखें

    उत्तर: (d)

59. 59. Technical skills are most important for

    • (a) First line managers
    • (b) Middle level managers
    • (c) Production managers
    • (d) Top level managers
    उत्तर देखें

    उत्तर: (a)

60. 60. An asset was purchased for Rs. 5,00,000 with the down payment of Rs. 1,00,000 and bills accepted for Rs. 4,00,000. What would be the effect on the total asset and total liabilities in the Balance Sheet ?

    • (a) Assets increased by Rs. 4,00,000 and liabilities increased by Rs. 4,00,000
    • (b) Assets increased by Rs. 4,00,000 and liabilities decreased by Rs. 4,00,000
    • (c) Assets decreased by Rs. 4,00,000 and liabilities increased by Rs. 4,00,000
    • (d) Assets increased by Rs. 5,00,000 and liabilities increased by Rs. 4,00,000
    उत्तर देखें

    उत्तर: (a)

61. 61. Which of the following have contra entries ?

    • (a) Simple cash book
    • (b) Petty cash book
    • (c) Three column cash book
    • (d) All cash books
    उत्तर देखें

    उत्तर: (c)

62. 62. Under copyright agreement the amount of royalty is computed on the basis of

    • (a) Number of books published
    • (b) Number of books sold
    • (c) Total cost of books published
    • (d) Total sale price of the books sold
    उत्तर देखें

    उत्तर: (d)

63. 63. Class : 10 – 25, 25 – 40, 40 – 55, 55 – 70, 70 – 85 f : 6, 20, 44, ?, 3 If the mode of the above distribution is 48.6, then the missing frequency will be

    • (a) 29
    • (b) 32
    • (c) 26
    • (d) 13
    उत्तर देखें

    उत्तर: (c)

64. 64. Minimum rent is also known as

    • (a) Dead rent
    • (b) Fixed rent
    • (c) Flat rent
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

65. 65.

    • (a) An agreement
    • (b) Operation of law
    • (c) Succession
    • (d) Relationship between persons
    उत्तर देखें

    उत्तर: (a)

66. 66. The primary function of management is

    • (a) Planning
    • (b) Communication
    • (c) Decision making
    • (d) Motivation
    उत्तर देखें

    उत्तर: (a)

67. 67. In which type of organisation the rules, duties and responsibilities are given in writing ?

    • (a) Formal organisation
    • (b) Informal organisation
    • (c) Strategic organisation
    • (d) Both (B) and (C)
    उत्तर देखें

    उत्तर: (a)

68. 68. Under quantitative techniques of credit control following technique is not included

    • (a) Open Market Operations
    • (b) Variable Cash Reserve Ratio
    • (c) Rationing of Credit Limit
    • (d) Bank Rate Policy
    उत्तर देखें

    उत्तर: (c)

69. 69. Accounting equation, "Assets = Liabilities + Owners Equity", is represented through

    • (a) Income statement
    • (b) Cash flow statement
    • (c) Balance Sheet
    • (d) Funds flow statement
    उत्तर देखें

    उत्तर: (c)

70. 70.

    • (a) The balance of Profit and Loss Account
    • (b) Complete accuracy of accounting done by the accountant
    • (c) Arithmetical accuracy of ledger balances
    • (d) Balance between assets and liabilities
    उत्तर देखें

    उत्तर: (c)

71. 71. Purchase Book is used to record

    • (a) All purchases of goods
    • (b) All purchases
    • (c) All credit purchases of goods
    • (d) None of the above
    उत्तर देखें

    उत्तर: (c)

72. 72. In case of sub-lease royalty earned by the lessor is credited to

    • (a) Sub-lease Account
    • (b) Profit and Loss Account
    • (c) Shortworkings Account
    • (d) Royalty Receivable Account
    उत्तर देखें

    उत्तर: (d)

73. 73. Which of the following is not a source of finance for a company ?

    • (a) Equity share capital
    • (b) Preference share capital
    • (c) Fixed assets
    • (d) Debentures
    उत्तर देखें

    उत्तर: (c)

74. 74. In Sinking Fund for redemption of Debentures Account, the amount is transferred every year from

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

    उत्तर: (d)

75. 75. Under Quantity Theory of Money, which one of the following equations was given by Fisher ?

    • (a) M = KY + K′A
    • (b) PT = MV + M′V′
    • (c) M = PKR
    • (d) n = p(k + rk′)
    उत्तर देखें

    उत्तर: (b)

76. 76. It is given in adjustment that during the accounting year, the trader distributed goods worth ₹ 5,000 as free samples. While preparing Final Accounts, this will be shown in

    • (a) Profit and Loss Account
    • (b) Both in Trading and Profit and Loss Account
    • (c) Trading Account
    • (d) Balance Sheet
    उत्तर देखें

    उत्तर: (b)

77. 77. Working capital facility to exporters is provided by

    • (a) Reserve Bank of India
    • (b) Export Credit and Guarantee Corporation
    • (c) Commercial Banks
    • (d) Ministry of External Affairs, Government of India
    उत्तर देखें

    उत्तर: (c)

78. 78. Auditing begins where ________ ends.

    • (a) Selling
    • (b) Production
    • (c) Accounting
    • (d) Year
    उत्तर देखें

    उत्तर: (c)

79. 79. The most dominating cause of environmental pollution is

    • (a) Industrialisation
    • (b) Increasing population
    • (c) Use of chemicals in agriculture
    • (d) Mining
    उत्तर देखें

    उत्तर: (a)

80. 80. 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)

81. 81. Under Hire Purchase System, the interest for each period is computed on

    • (a) Cash price remaining unpaid
    • (b) Instalment price remaining unpaid
    • (c) The amount that has been agreed under hire purchase agreement
    • (d) Cash price minus the amount of hire purchase instalment paid
    उत्तर देखें

    उत्तर: (a)

82. 82. Amount spent on increasing the seating capacity of a cinema hall is called

    • (a) Personal expenditure
    • (b) Nominal expenditure
    • (c) Capital expenditure
    • (d) Revenue expenditure
    उत्तर देखें

    उत्तर: (c)

83. 83. Mr. X a partner in a partnership firm withdraws Rs. 2,000 at the end of each month. Rate of interest is 5%. Interest on drawings at the end of the year will be

    • (a) Rs. 1,200
    • (b) Rs. 600
    • (c) Rs. 550
    • (d) Rs. 650
    उत्तर देखें

    उत्तर: (c)

84. 84. The verification of the authority and authenticity of transaction recorded in the books of accounts is called

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

    उत्तर: (c)

85. 85. Dependent branch can make

    • (a) Only cash sales
    • (b) Only credit sales
    • (c) Both cash and credit sales
    • (d) None of the above
    उत्तर देखें

    उत्तर: (c)

86. 86. Summary and presentation of data in tabular form with several non-overlapping classes is referred as

    • (a) Frequency distribution
    • (b) Nominal distribution
    • (c) Ordinal distribution
    • (d) Chronological distribution
    उत्तर देखें

    उत्तर: (a)

87. 87. The ability to change human needs into human wants is called

    • (a) Advertisement
    • (b) Publicity
    • (c) Salesmanship
    • (d) Sales management
    उत्तर देखें

    उत्तर: (c)

88. 88. Name the audit, that is generally conducted between two annual audit.

    • (a) External auditing
    • (b) Standard auditing
    • (c) Interim auditing
    • (d) Final auditing
    उत्तर देखें

    उत्तर: (c)

89. 89. Which of the following is not the function of a business office ?

    • (a) Receipt of letters
    • (b) Providing informations
    • (c) Filing and endorsing
    • (d) Decision making
    उत्तर देखें

    उत्तर: (d)

90. 90. Under perfect competition a firm may earn supernormal profit in

    • (a) Short run
    • (b) Long run
    • (c) Never
    • (d) Always
    उत्तर देखें

    उत्तर: (a)

91. 91. Primary purpose of advertising is to

    • (a) Inform
    • (b) Persuade
    • (c) Remind
    • (d) All of the above
    उत्तर देखें

    उत्तर: (d)

92. 92. The law of variable proportions assumes

    • (a) When marginal cost falls, total production will decrease
    • (b) Utility is maximised when marginal production falls
    • (c) Some factors of production are fixed
    • (d) When marginal production falls, total production is maximum
    उत्तर देखें

    उत्तर: (c)

93. 93. Unearned income is considered as

    • (a) Assets
    • (b) Liability
    • (c) Loss
    • (d) Capital
    उत्तर देखें

    उत्तर: (b)

94. 94. In order to implement the provisions of partnership deed, the firm prepares

    • (a) Profit and Loss Adjustment Account
    • (b) Profit and Loss Appropriation Account
    • (c) Revaluation Account
    • (d) Profit and Loss Account
    उत्तर देखें

    उत्तर: (b)

95. 95.

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

    उत्तर: (a)

96. 96. Which one of the following statements is not correct ?

    • (a) As per AS-26 only purchased goodwill to be recorded in the books of accounts.
    • (b) Self generated goodwill will have to be adjusted through Partners' Capital Accounts.
    • (c) Goodwill is an intangible asset.
    • (d) Goodwill is a fictitious asset.
    उत्तर देखें

    उत्तर: (d)

97. 97. In a company, internal auditor is appointed by

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

    उत्तर: (c)

98. 98. Under which type of agreement royalty is paid on the basis of sale ?

    • (a) Mining
    • (b) Patent
    • (c) Copy right
    • (d) Licensing
    उत्तर देखें

    उत्तर: (c)

99. 99. Type of cumulative frequency distribution in which class intervals are added in top to bottom order is classified as

    • (a) Marginal distribution
    • (b) Variation distribution
    • (c) Less than type distribution
    • (d) More than type distribution
    उत्तर देखें

    उत्तर: (c)

100. 100. Which of the following function is not performed by Reserve Bank of India ?

     • (a) Issue of currency notes
     • (b) Credit control
     • (c) To accept deposits on interest from public
     • (d) Foreign Exchange Management and Control
     उत्तर देखें

     उत्तर: (c)

101. 101. Voucher refers to

     • (a) Cash receipt
     • (b) Invoices
     • (c) Counterfoils
     • (d) All of the above
     उत्तर देखें

     उत्तर: (d)

102. 102. By whom the following definition of management was given ? "Management is the art of knowing what you want to do and then seeing that it is done in the best and the cheapest way".

     • (a) F.W. Taylor
     • (b) Henry Fayol
     • (c) E.F.L. Brech
     • (d) Oliver Sheldon
     उत्तर देखें

     उत्तर: (a)

103. 103. The law of demand states that if other things remain same

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

     उत्तर: (b)

104. 104. Pricing strategies include

     • (a) Predatory pricing
     • (b) Price fixing
     • (c) Deceptive pricing
     • (d) All of the above
     उत्तर देखें

     उत्तर: (d)

105. 105. When a consumer increases units of X-commodity by giving up some units of Y-commodity and even to attain the same level of satisfaction, the marginal rate of substitution will be calculated by

     • (a) Change in X-commodity / Marginal utility of Y-commodity
     • (b) Change in Y-commodity / Marginal utility of X-commodity
     • (c) Change in X-commodity / Change in Y-commodity
     • (d) Change in Y-commodity / Change in X-commodity
     उत्तर देखें

     उत्तर: (d)

106. 106. According to the provisions of Companies Act, 2013, the amount of minimum application money to apply for shares should be at least ________ % of face value of the share.

     • (a) 5%
     • (b) 10%
     • (c) 20%
     • (d) 25%
     उत्तर देखें

     उत्तर: (d)

107. 107. The record of cash transactions by non-trading concerns is shown in

     • (a) Receipt and Payment A/c
     • (b) Income and Expenditure A/c
     • (c) Profit and Loss A/c
     • (d) Manufacturing A/c
     उत्तर देखें

     उत्तर: (a)

108. 108. Which one is not the method of collecting primary data ?

     • (a) Economic survey publication
     • (b) Direct personal investigation
     • (c) Indirect oral investigation
     • (d) Schedules to be filled in by enumerators
     उत्तर देखें

     उत्तर: (a)

109. 109. After completion of the audit of a company the auditor should submit its report to the

     • (a) Government
     • (b) Court
     • (c) Public
     • (d) Shareholders
     उत्तर देखें

     उत्तर: (d)

110. 110. Which of the following is not a form of Large Scale Retail Trading ?

     • (a) Departmental Store
     • (b) Super Market
     • (c) Multiple Chain Stores
     • (d) Provision Store
     उत्तर देखें

     उत्तर: (d)

111. 111.

     • (a) Shipping receipt
     • (b) Cargo receipt
     • (c) Mate receipt
     • (d) Charter receipt
     उत्तर देखें

     उत्तर: (c)

112. 112.

     • (a) ₹ 6
     • (b) ₹ 4
     • (c) ₹ 8
     • (d) ₹ 10
     उत्तर देखें

     उत्तर: (b)

113. 113. The difference between 'subscribed capital' and 'called up capital' is called

     • (a) Calls in arrear
     • (b) Calls in advance
     • (c) Uncalled capital
     • (d) Paid up capital
     उत्तर देखें

     उत्तर: (c)

114. 114. In case of Instalment Payment System, which one of the following statements is not true ?

     • (a) Payment of purchase price is made in agreed instalments.
     • (b) On default of payment of instalment, seller has a right to take back the goods.
     • (c) Purchaser prepares Assets Account, Seller's Account and Interest Suspense Account in his books.
     • (d) Purchaser has right to sell the asset at any time after receiving the delivery.
     उत्तर देखें

     उत्तर: (b)

115. 115. Which of the following is not a feature of the advertising ?

     • (a) Paid activity
     • (b) Identified sponsor
     • (c) Visual or oral
     • (d) Personal
     उत्तर देखें

     उत्तर: (d)

116. 116. The enterprises exclusively owned, managed and controlled by the Central or State Government are known as

     • (a) Government Company
     • (b) Public Enterprises
     • (c) Joint Stock Company
     • (d) Private Enterprises
     उत्तर देखें

     उत्तर: (b)

117. 117. An item is considered material if it

     • (a) relates to real account
     • (b) relates to raw material
     • (c) is significant for the users
     • (d) all of the above
     उत्तर देखें

     उत्तर: (c)

118. 118. Transfer of debit and credit items from journal to ledger is called

     • (a) Entry
     • (b) Transfer
     • (c) Accounting
     • (d) Posting
     उत्तर देखें

     उत्तर: (d)

119. 119. Which of the following is not an accounting convention ?

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

     उत्तर: (c)

120. 120. Bill of Lading is issued by

     • (a) Shipping company
     • (b) Agent of the importer
     • (c) Captain of the ship
     • (d) Custom officer
     उत्तर देखें

     उत्तर: (a)

121. 121. Who said, "Money consists of those things which within a society, are of general acceptability" ?

     • (a) Marshall
     • (b) Keynes
     • (c) Crowther
     • (d) Ely
     उत्तर देखें

     उत्तर: (d)

122. 122. The Gresham's law specifies that

     • (a) New money drives old money out of circulation
     • (b) Good money drives bad money out of circulation
     • (c) Bad money drives good money out of circulation
     • (d) Paper money drives metallic money out of circulation
     उत्तर देखें

     उत्तर: (c)

123. 123. Auditing is mandatory for

     • (a) Trusts
     • (b) Joint Stock Companies
     • (c) Sole Proprietorship Unit
     • (d) Partnership Firm
     उत्तर देखें

     उत्तर: (b)

124. 124. Share Allotment Account is a

     • (a) Real A/c
     • (b) Nominal A/c
     • (c) Personal A/c
     • (d) Company A/c
     उत्तर देखें

     उत्तर: (c)

125. 125. Which one of the following statements is not correct ?

     • (a) Forfeited shares can be reissued.
     • (b) A notice of 14 days to shareholders is necessary before forfeiture of shares.
     • (c) Premium on issue of shares can be used for writing off the preliminary expenses.
     • (d) The profit on re-issue of forfeited shares is transferred to General Reserve Account.
     उत्तर देखें

     उत्तर: (d)