Download DUET (Delhi University Entrance Test conducted by the NTA) 2018 DU MCom Question Paper With Solution Key
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3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
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DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
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DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
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2)
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DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
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Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
FirstRanker.com - FirstRanker's Choice
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DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
54)
55)
56)
57)
58)
59)
3,000 units [Option ID = 62921]
Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs. 4.50 per unit. Additional material at Rs.
1.25 per unit was added in process. Labour and overheads were Rs. 6.25 per completed unit and Rs. 2.50 per unit incomplete. If 11,750
completed units were transferred out, what was the closing inventory in Process B? [Question ID = 30725]
1. Rs. 6562.50 [Option ID = 62892]
2. Rs. 25,375.00 [Option ID = 62895]
3. Rs. 14,437.50 [Option ID = 62894]
4. Rs. 12,250.00 [Option ID = 62893]
Correct Answer :-
Rs. 14,437.50 [Option ID = 62894]
A job is budgeted to require 3,300 productive hours including 25% normal idle time. If the total labour cost budgeted for the job is
Rs. 36,300, what is the labour cost per hour?
[Question ID = 30733]
1. Rs. 11.00 [Option ID = 62926]
2. Rs. 14.67 [Option ID = 62927]
3. Rs. 8.80 [Option ID = 62925]
4. Rs. 8.25 [Option ID = 62924]
Correct Answer :-
Rs. 11.00 [Option ID = 62926]
At equilibrium the slope of the indifference curve is
[Question ID = 30671]
1. Equal to the slope of the budget line [Option ID = 62678]
2. Smaller than the slope of the budget line [Option ID = 62677]
3. Either equal or larger than the budget line [Option ID = 62679]
4. Greater than the slope of the budget line [Option ID = 62676]
Correct Answer :-
Equal to the slope of the budget line [Option ID = 62678]
Following information is available of P Ltd. For year ended March, 2017:
4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit
Is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of
abnormal gain to be transferred to Costing P & L will be:- [Question ID = 30729]
1. Rs. 2,000 [Option ID = 62909]
2. Rs. 3,500 [Option ID = 62911]
3. Rs. 2,500 [Option ID = 62908]
4. Rs. 4,000 [Option ID = 62910]
Correct Answer :-
Rs. 2,500 [Option ID = 62908]
Social responsibility is: [Question ID = 30741]
1. None of these [Option ID = 62959]
2. The obligation of an individual to behave in ethical way in society [Option ID = 62956]
3. The obligation of an organization to behave in ethical way [Option ID = 62957]
4. The obligation of a nation to behave in legitimate way in the interest of the society [Option ID = 62958]
Correct Answer :-
Section 30 of the Contract Act 1872, provides for the elements of wagering which does not include: [Question ID = 30758]
1. None of these [Option ID = 63027]
2. There are equal chances of gain or loss [Option ID = 63025]
3. No other interest of the parties is involved [Option ID = 63026]
4. The agreement is dependent on the occurrence of an event [Option ID = 63024]
Correct Answer :-
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
54)
55)
56)
57)
58)
59)
3,000 units [Option ID = 62921]
Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs. 4.50 per unit. Additional material at Rs.
1.25 per unit was added in process. Labour and overheads were Rs. 6.25 per completed unit and Rs. 2.50 per unit incomplete. If 11,750
completed units were transferred out, what was the closing inventory in Process B? [Question ID = 30725]
1. Rs. 6562.50 [Option ID = 62892]
2. Rs. 25,375.00 [Option ID = 62895]
3. Rs. 14,437.50 [Option ID = 62894]
4. Rs. 12,250.00 [Option ID = 62893]
Correct Answer :-
Rs. 14,437.50 [Option ID = 62894]
A job is budgeted to require 3,300 productive hours including 25% normal idle time. If the total labour cost budgeted for the job is
Rs. 36,300, what is the labour cost per hour?
[Question ID = 30733]
1. Rs. 11.00 [Option ID = 62926]
2. Rs. 14.67 [Option ID = 62927]
3. Rs. 8.80 [Option ID = 62925]
4. Rs. 8.25 [Option ID = 62924]
Correct Answer :-
Rs. 11.00 [Option ID = 62926]
At equilibrium the slope of the indifference curve is
[Question ID = 30671]
1. Equal to the slope of the budget line [Option ID = 62678]
2. Smaller than the slope of the budget line [Option ID = 62677]
3. Either equal or larger than the budget line [Option ID = 62679]
4. Greater than the slope of the budget line [Option ID = 62676]
Correct Answer :-
Equal to the slope of the budget line [Option ID = 62678]
Following information is available of P Ltd. For year ended March, 2017:
4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit
Is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of
abnormal gain to be transferred to Costing P & L will be:- [Question ID = 30729]
1. Rs. 2,000 [Option ID = 62909]
2. Rs. 3,500 [Option ID = 62911]
3. Rs. 2,500 [Option ID = 62908]
4. Rs. 4,000 [Option ID = 62910]
Correct Answer :-
Rs. 2,500 [Option ID = 62908]
Social responsibility is: [Question ID = 30741]
1. None of these [Option ID = 62959]
2. The obligation of an individual to behave in ethical way in society [Option ID = 62956]
3. The obligation of an organization to behave in ethical way [Option ID = 62957]
4. The obligation of a nation to behave in legitimate way in the interest of the society [Option ID = 62958]
Correct Answer :-
Section 30 of the Contract Act 1872, provides for the elements of wagering which does not include: [Question ID = 30758]
1. None of these [Option ID = 63027]
2. There are equal chances of gain or loss [Option ID = 63025]
3. No other interest of the parties is involved [Option ID = 63026]
4. The agreement is dependent on the occurrence of an event [Option ID = 63024]
Correct Answer :-
60)
61)
62)
63)
64)
65)
66)
None of these [Option ID = 63027]
Section 2 (46) of the Companies Act 2013, defines the [Question ID = 30756]
1. Subsidiary company [Option ID = 63016]
2. Holding company [Option ID = 63017]
3. Statutory company [Option ID = 63018]
4. Associate company [Option ID = 63019]
Correct Answer :-
Holding company [Option ID = 63017]
The sum of squares of deviations is least if measured from [Question ID = 30689]
1. Mean [Option ID = 62748]
2. Variance [Option ID = 62751]
3. Median [Option ID = 62750]
4. Mode [Option ID = 62749]
Correct Answer :-
Mean [Option ID = 62748]
The mean of a distribution is 23, the median is 24, and the mode is 25.5. It is most likely that this distribution is [Question ID =
30685]
1. Positive Skewed [Option ID = 62732]
2. Asymptotic [Option ID = 62734]
3. Negatively Skewed [Option ID = 62735]
4. Symmetrical [Option ID = 62733]
Correct Answer :-
Negatively Skewed [Option ID = 62735]
When Amalgamation is the nature of purchase, the accounting method to be followed is [Question ID = 30710]
1. Consolidated method [Option ID = 62835]
2. Purchase Method [Option ID = 62833]
3. Equity Method [Option ID = 62832]
4. Pooling of interest method [Option ID = 62834]
Correct Answer :-
Purchase Method [Option ID = 62833]
_______________ is a summary of all functional budgets in a capsule form. [Question ID = 30727]
1. Flexible Budget [Option ID = 62903]
2. Functional Budget [Option ID = 62900]
3. Master Budget [Option ID = 62901]
4. Long Period Budget [Option ID = 62902]
Correct Answer :-
Master Budget [Option ID = 62901]
The Consumer Price Index is an example of which type of index? [Question ID = 30697]
1. none of these [Option ID = 62783]
2. Simple [Option ID = 62781]
3. Multiple [Option ID = 62782]
4. Composite [Option ID = 62780]
Correct Answer :-
Composite [Option ID = 62780]
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
54)
55)
56)
57)
58)
59)
3,000 units [Option ID = 62921]
Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs. 4.50 per unit. Additional material at Rs.
1.25 per unit was added in process. Labour and overheads were Rs. 6.25 per completed unit and Rs. 2.50 per unit incomplete. If 11,750
completed units were transferred out, what was the closing inventory in Process B? [Question ID = 30725]
1. Rs. 6562.50 [Option ID = 62892]
2. Rs. 25,375.00 [Option ID = 62895]
3. Rs. 14,437.50 [Option ID = 62894]
4. Rs. 12,250.00 [Option ID = 62893]
Correct Answer :-
Rs. 14,437.50 [Option ID = 62894]
A job is budgeted to require 3,300 productive hours including 25% normal idle time. If the total labour cost budgeted for the job is
Rs. 36,300, what is the labour cost per hour?
[Question ID = 30733]
1. Rs. 11.00 [Option ID = 62926]
2. Rs. 14.67 [Option ID = 62927]
3. Rs. 8.80 [Option ID = 62925]
4. Rs. 8.25 [Option ID = 62924]
Correct Answer :-
Rs. 11.00 [Option ID = 62926]
At equilibrium the slope of the indifference curve is
[Question ID = 30671]
1. Equal to the slope of the budget line [Option ID = 62678]
2. Smaller than the slope of the budget line [Option ID = 62677]
3. Either equal or larger than the budget line [Option ID = 62679]
4. Greater than the slope of the budget line [Option ID = 62676]
Correct Answer :-
Equal to the slope of the budget line [Option ID = 62678]
Following information is available of P Ltd. For year ended March, 2017:
4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit
Is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of
abnormal gain to be transferred to Costing P & L will be:- [Question ID = 30729]
1. Rs. 2,000 [Option ID = 62909]
2. Rs. 3,500 [Option ID = 62911]
3. Rs. 2,500 [Option ID = 62908]
4. Rs. 4,000 [Option ID = 62910]
Correct Answer :-
Rs. 2,500 [Option ID = 62908]
Social responsibility is: [Question ID = 30741]
1. None of these [Option ID = 62959]
2. The obligation of an individual to behave in ethical way in society [Option ID = 62956]
3. The obligation of an organization to behave in ethical way [Option ID = 62957]
4. The obligation of a nation to behave in legitimate way in the interest of the society [Option ID = 62958]
Correct Answer :-
Section 30 of the Contract Act 1872, provides for the elements of wagering which does not include: [Question ID = 30758]
1. None of these [Option ID = 63027]
2. There are equal chances of gain or loss [Option ID = 63025]
3. No other interest of the parties is involved [Option ID = 63026]
4. The agreement is dependent on the occurrence of an event [Option ID = 63024]
Correct Answer :-
60)
61)
62)
63)
64)
65)
66)
None of these [Option ID = 63027]
Section 2 (46) of the Companies Act 2013, defines the [Question ID = 30756]
1. Subsidiary company [Option ID = 63016]
2. Holding company [Option ID = 63017]
3. Statutory company [Option ID = 63018]
4. Associate company [Option ID = 63019]
Correct Answer :-
Holding company [Option ID = 63017]
The sum of squares of deviations is least if measured from [Question ID = 30689]
1. Mean [Option ID = 62748]
2. Variance [Option ID = 62751]
3. Median [Option ID = 62750]
4. Mode [Option ID = 62749]
Correct Answer :-
Mean [Option ID = 62748]
The mean of a distribution is 23, the median is 24, and the mode is 25.5. It is most likely that this distribution is [Question ID =
30685]
1. Positive Skewed [Option ID = 62732]
2. Asymptotic [Option ID = 62734]
3. Negatively Skewed [Option ID = 62735]
4. Symmetrical [Option ID = 62733]
Correct Answer :-
Negatively Skewed [Option ID = 62735]
When Amalgamation is the nature of purchase, the accounting method to be followed is [Question ID = 30710]
1. Consolidated method [Option ID = 62835]
2. Purchase Method [Option ID = 62833]
3. Equity Method [Option ID = 62832]
4. Pooling of interest method [Option ID = 62834]
Correct Answer :-
Purchase Method [Option ID = 62833]
_______________ is a summary of all functional budgets in a capsule form. [Question ID = 30727]
1. Flexible Budget [Option ID = 62903]
2. Functional Budget [Option ID = 62900]
3. Master Budget [Option ID = 62901]
4. Long Period Budget [Option ID = 62902]
Correct Answer :-
Master Budget [Option ID = 62901]
The Consumer Price Index is an example of which type of index? [Question ID = 30697]
1. none of these [Option ID = 62783]
2. Simple [Option ID = 62781]
3. Multiple [Option ID = 62782]
4. Composite [Option ID = 62780]
Correct Answer :-
Composite [Option ID = 62780]
67)
68)
[Question ID = 53376]
1. Minimize 6T + 5C [Option ID = 93493]
2. Maximize 120 T + 80 C [Option ID = 93491]
3. Maximize 200 T + 200 C [Option ID = 93490]
4. Maximize T + C [Option ID = 93492]
Correct Answer :-
Maximize 120 T + 80 C [Option ID = 93491]
[Question ID = 30709]
1. Agriculture sector ? 950 units, Industry sector ? 1250 units, 1000 hrs. [Option ID = 62831]
2. Agriculture sector ? 1111 units, Industry sector ? 1000 units, 1500 hrs. [Option ID = 62829]
3. Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
4. Agriculture sector ? 1000 units, Industry sector ? 1333 units, 1200 hrs. [Option ID = 62828]
Correct Answer :-
Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
Which of the following would be a necessary constraint in the problem?
[Question ID = 30699]
1. T + C < 180 [Option ID = 62790]
2. T + C < 200 [Option ID = 62788]
3. T + C < 40 [Option ID = 62789]
4. 120T + 80C > 1000 [Option ID = 62791]
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
54)
55)
56)
57)
58)
59)
3,000 units [Option ID = 62921]
Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs. 4.50 per unit. Additional material at Rs.
1.25 per unit was added in process. Labour and overheads were Rs. 6.25 per completed unit and Rs. 2.50 per unit incomplete. If 11,750
completed units were transferred out, what was the closing inventory in Process B? [Question ID = 30725]
1. Rs. 6562.50 [Option ID = 62892]
2. Rs. 25,375.00 [Option ID = 62895]
3. Rs. 14,437.50 [Option ID = 62894]
4. Rs. 12,250.00 [Option ID = 62893]
Correct Answer :-
Rs. 14,437.50 [Option ID = 62894]
A job is budgeted to require 3,300 productive hours including 25% normal idle time. If the total labour cost budgeted for the job is
Rs. 36,300, what is the labour cost per hour?
[Question ID = 30733]
1. Rs. 11.00 [Option ID = 62926]
2. Rs. 14.67 [Option ID = 62927]
3. Rs. 8.80 [Option ID = 62925]
4. Rs. 8.25 [Option ID = 62924]
Correct Answer :-
Rs. 11.00 [Option ID = 62926]
At equilibrium the slope of the indifference curve is
[Question ID = 30671]
1. Equal to the slope of the budget line [Option ID = 62678]
2. Smaller than the slope of the budget line [Option ID = 62677]
3. Either equal or larger than the budget line [Option ID = 62679]
4. Greater than the slope of the budget line [Option ID = 62676]
Correct Answer :-
Equal to the slope of the budget line [Option ID = 62678]
Following information is available of P Ltd. For year ended March, 2017:
4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit
Is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of
abnormal gain to be transferred to Costing P & L will be:- [Question ID = 30729]
1. Rs. 2,000 [Option ID = 62909]
2. Rs. 3,500 [Option ID = 62911]
3. Rs. 2,500 [Option ID = 62908]
4. Rs. 4,000 [Option ID = 62910]
Correct Answer :-
Rs. 2,500 [Option ID = 62908]
Social responsibility is: [Question ID = 30741]
1. None of these [Option ID = 62959]
2. The obligation of an individual to behave in ethical way in society [Option ID = 62956]
3. The obligation of an organization to behave in ethical way [Option ID = 62957]
4. The obligation of a nation to behave in legitimate way in the interest of the society [Option ID = 62958]
Correct Answer :-
Section 30 of the Contract Act 1872, provides for the elements of wagering which does not include: [Question ID = 30758]
1. None of these [Option ID = 63027]
2. There are equal chances of gain or loss [Option ID = 63025]
3. No other interest of the parties is involved [Option ID = 63026]
4. The agreement is dependent on the occurrence of an event [Option ID = 63024]
Correct Answer :-
60)
61)
62)
63)
64)
65)
66)
None of these [Option ID = 63027]
Section 2 (46) of the Companies Act 2013, defines the [Question ID = 30756]
1. Subsidiary company [Option ID = 63016]
2. Holding company [Option ID = 63017]
3. Statutory company [Option ID = 63018]
4. Associate company [Option ID = 63019]
Correct Answer :-
Holding company [Option ID = 63017]
The sum of squares of deviations is least if measured from [Question ID = 30689]
1. Mean [Option ID = 62748]
2. Variance [Option ID = 62751]
3. Median [Option ID = 62750]
4. Mode [Option ID = 62749]
Correct Answer :-
Mean [Option ID = 62748]
The mean of a distribution is 23, the median is 24, and the mode is 25.5. It is most likely that this distribution is [Question ID =
30685]
1. Positive Skewed [Option ID = 62732]
2. Asymptotic [Option ID = 62734]
3. Negatively Skewed [Option ID = 62735]
4. Symmetrical [Option ID = 62733]
Correct Answer :-
Negatively Skewed [Option ID = 62735]
When Amalgamation is the nature of purchase, the accounting method to be followed is [Question ID = 30710]
1. Consolidated method [Option ID = 62835]
2. Purchase Method [Option ID = 62833]
3. Equity Method [Option ID = 62832]
4. Pooling of interest method [Option ID = 62834]
Correct Answer :-
Purchase Method [Option ID = 62833]
_______________ is a summary of all functional budgets in a capsule form. [Question ID = 30727]
1. Flexible Budget [Option ID = 62903]
2. Functional Budget [Option ID = 62900]
3. Master Budget [Option ID = 62901]
4. Long Period Budget [Option ID = 62902]
Correct Answer :-
Master Budget [Option ID = 62901]
The Consumer Price Index is an example of which type of index? [Question ID = 30697]
1. none of these [Option ID = 62783]
2. Simple [Option ID = 62781]
3. Multiple [Option ID = 62782]
4. Composite [Option ID = 62780]
Correct Answer :-
Composite [Option ID = 62780]
67)
68)
[Question ID = 53376]
1. Minimize 6T + 5C [Option ID = 93493]
2. Maximize 120 T + 80 C [Option ID = 93491]
3. Maximize 200 T + 200 C [Option ID = 93490]
4. Maximize T + C [Option ID = 93492]
Correct Answer :-
Maximize 120 T + 80 C [Option ID = 93491]
[Question ID = 30709]
1. Agriculture sector ? 950 units, Industry sector ? 1250 units, 1000 hrs. [Option ID = 62831]
2. Agriculture sector ? 1111 units, Industry sector ? 1000 units, 1500 hrs. [Option ID = 62829]
3. Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
4. Agriculture sector ? 1000 units, Industry sector ? 1333 units, 1200 hrs. [Option ID = 62828]
Correct Answer :-
Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
Which of the following would be a necessary constraint in the problem?
[Question ID = 30699]
1. T + C < 180 [Option ID = 62790]
2. T + C < 200 [Option ID = 62788]
3. T + C < 40 [Option ID = 62789]
4. 120T + 80C > 1000 [Option ID = 62791]
69)
70)
71)
72)
73)
74)
Correct Answer :-
T + C < 40 [Option ID = 62789]
[Question ID = 30706]
1. [Option ID = 62817]
2. [Option ID = 62819]
3. [Option ID = 62816]
4. [Option ID = 62818]
Correct Answer :-
[Option ID = 62819]
If MC is above AC and output is rising then [Question ID = 30668]
1. AFC is rising [Option ID = 62667]
2. AVC is failing [Option ID = 62665]
3. AVC is rising [Option ID = 62666]
4. ATC is failing [Option ID = 62664]
Correct Answer :-
AVC is rising [Option ID = 62666]
Find the effective discount rate when nominal rate of discount is 10% compounded continuously. [Question ID = 30702]
1. 9.00% [Option ID = 62800]
2. 9.25% [Option ID = 62801]
3. 10% [Option ID = 62802]
4. 9.52% [Option ID = 62803]
Correct Answer :-
9.52% [Option ID = 62803]
For the Assessment Year 2018-19, the exemption limit for resident individuals aged 60 or above but less than 80 years is:
[Question ID = 30746]
1. Rs. 2,50,000 [Option ID = 62976]
2. Rs. 5,00,000 [Option ID = 62979]
3. Rs. 3,00,000 [Option ID = 62977]
4. Rs. 3,50,000 [Option ID = 62978]
Correct Answer :-
Rs. 3,00,000 [Option ID = 62977]
For a monopolist, the demand law is p = 50 ? x
2
and MC + 1 + x
2
. Determine the consumer?s surplus at the price which the
monopolist would like to fix.
[Question ID = 30707]
1. 29.7 [Option ID = 62823]
2. 30.02 [Option ID = 62822]
3. 28.58 [Option ID = 62820]
4. 26.54 [Option ID = 62821]
Correct Answer :-
28.58 [Option ID = 62820]
Which of the following is not taxable under the head ?Income from other sources?? [Question ID = 30747]
1. Dividend [Option ID = 62980]
2. Winnings from lotteries [Option ID = 62982]
3. Gain from transfer of capital asset [Option ID = 62983]
4. Interest on securities [Option ID = 62981]
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
54)
55)
56)
57)
58)
59)
3,000 units [Option ID = 62921]
Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs. 4.50 per unit. Additional material at Rs.
1.25 per unit was added in process. Labour and overheads were Rs. 6.25 per completed unit and Rs. 2.50 per unit incomplete. If 11,750
completed units were transferred out, what was the closing inventory in Process B? [Question ID = 30725]
1. Rs. 6562.50 [Option ID = 62892]
2. Rs. 25,375.00 [Option ID = 62895]
3. Rs. 14,437.50 [Option ID = 62894]
4. Rs. 12,250.00 [Option ID = 62893]
Correct Answer :-
Rs. 14,437.50 [Option ID = 62894]
A job is budgeted to require 3,300 productive hours including 25% normal idle time. If the total labour cost budgeted for the job is
Rs. 36,300, what is the labour cost per hour?
[Question ID = 30733]
1. Rs. 11.00 [Option ID = 62926]
2. Rs. 14.67 [Option ID = 62927]
3. Rs. 8.80 [Option ID = 62925]
4. Rs. 8.25 [Option ID = 62924]
Correct Answer :-
Rs. 11.00 [Option ID = 62926]
At equilibrium the slope of the indifference curve is
[Question ID = 30671]
1. Equal to the slope of the budget line [Option ID = 62678]
2. Smaller than the slope of the budget line [Option ID = 62677]
3. Either equal or larger than the budget line [Option ID = 62679]
4. Greater than the slope of the budget line [Option ID = 62676]
Correct Answer :-
Equal to the slope of the budget line [Option ID = 62678]
Following information is available of P Ltd. For year ended March, 2017:
4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit
Is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of
abnormal gain to be transferred to Costing P & L will be:- [Question ID = 30729]
1. Rs. 2,000 [Option ID = 62909]
2. Rs. 3,500 [Option ID = 62911]
3. Rs. 2,500 [Option ID = 62908]
4. Rs. 4,000 [Option ID = 62910]
Correct Answer :-
Rs. 2,500 [Option ID = 62908]
Social responsibility is: [Question ID = 30741]
1. None of these [Option ID = 62959]
2. The obligation of an individual to behave in ethical way in society [Option ID = 62956]
3. The obligation of an organization to behave in ethical way [Option ID = 62957]
4. The obligation of a nation to behave in legitimate way in the interest of the society [Option ID = 62958]
Correct Answer :-
Section 30 of the Contract Act 1872, provides for the elements of wagering which does not include: [Question ID = 30758]
1. None of these [Option ID = 63027]
2. There are equal chances of gain or loss [Option ID = 63025]
3. No other interest of the parties is involved [Option ID = 63026]
4. The agreement is dependent on the occurrence of an event [Option ID = 63024]
Correct Answer :-
60)
61)
62)
63)
64)
65)
66)
None of these [Option ID = 63027]
Section 2 (46) of the Companies Act 2013, defines the [Question ID = 30756]
1. Subsidiary company [Option ID = 63016]
2. Holding company [Option ID = 63017]
3. Statutory company [Option ID = 63018]
4. Associate company [Option ID = 63019]
Correct Answer :-
Holding company [Option ID = 63017]
The sum of squares of deviations is least if measured from [Question ID = 30689]
1. Mean [Option ID = 62748]
2. Variance [Option ID = 62751]
3. Median [Option ID = 62750]
4. Mode [Option ID = 62749]
Correct Answer :-
Mean [Option ID = 62748]
The mean of a distribution is 23, the median is 24, and the mode is 25.5. It is most likely that this distribution is [Question ID =
30685]
1. Positive Skewed [Option ID = 62732]
2. Asymptotic [Option ID = 62734]
3. Negatively Skewed [Option ID = 62735]
4. Symmetrical [Option ID = 62733]
Correct Answer :-
Negatively Skewed [Option ID = 62735]
When Amalgamation is the nature of purchase, the accounting method to be followed is [Question ID = 30710]
1. Consolidated method [Option ID = 62835]
2. Purchase Method [Option ID = 62833]
3. Equity Method [Option ID = 62832]
4. Pooling of interest method [Option ID = 62834]
Correct Answer :-
Purchase Method [Option ID = 62833]
_______________ is a summary of all functional budgets in a capsule form. [Question ID = 30727]
1. Flexible Budget [Option ID = 62903]
2. Functional Budget [Option ID = 62900]
3. Master Budget [Option ID = 62901]
4. Long Period Budget [Option ID = 62902]
Correct Answer :-
Master Budget [Option ID = 62901]
The Consumer Price Index is an example of which type of index? [Question ID = 30697]
1. none of these [Option ID = 62783]
2. Simple [Option ID = 62781]
3. Multiple [Option ID = 62782]
4. Composite [Option ID = 62780]
Correct Answer :-
Composite [Option ID = 62780]
67)
68)
[Question ID = 53376]
1. Minimize 6T + 5C [Option ID = 93493]
2. Maximize 120 T + 80 C [Option ID = 93491]
3. Maximize 200 T + 200 C [Option ID = 93490]
4. Maximize T + C [Option ID = 93492]
Correct Answer :-
Maximize 120 T + 80 C [Option ID = 93491]
[Question ID = 30709]
1. Agriculture sector ? 950 units, Industry sector ? 1250 units, 1000 hrs. [Option ID = 62831]
2. Agriculture sector ? 1111 units, Industry sector ? 1000 units, 1500 hrs. [Option ID = 62829]
3. Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
4. Agriculture sector ? 1000 units, Industry sector ? 1333 units, 1200 hrs. [Option ID = 62828]
Correct Answer :-
Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
Which of the following would be a necessary constraint in the problem?
[Question ID = 30699]
1. T + C < 180 [Option ID = 62790]
2. T + C < 200 [Option ID = 62788]
3. T + C < 40 [Option ID = 62789]
4. 120T + 80C > 1000 [Option ID = 62791]
69)
70)
71)
72)
73)
74)
Correct Answer :-
T + C < 40 [Option ID = 62789]
[Question ID = 30706]
1. [Option ID = 62817]
2. [Option ID = 62819]
3. [Option ID = 62816]
4. [Option ID = 62818]
Correct Answer :-
[Option ID = 62819]
If MC is above AC and output is rising then [Question ID = 30668]
1. AFC is rising [Option ID = 62667]
2. AVC is failing [Option ID = 62665]
3. AVC is rising [Option ID = 62666]
4. ATC is failing [Option ID = 62664]
Correct Answer :-
AVC is rising [Option ID = 62666]
Find the effective discount rate when nominal rate of discount is 10% compounded continuously. [Question ID = 30702]
1. 9.00% [Option ID = 62800]
2. 9.25% [Option ID = 62801]
3. 10% [Option ID = 62802]
4. 9.52% [Option ID = 62803]
Correct Answer :-
9.52% [Option ID = 62803]
For the Assessment Year 2018-19, the exemption limit for resident individuals aged 60 or above but less than 80 years is:
[Question ID = 30746]
1. Rs. 2,50,000 [Option ID = 62976]
2. Rs. 5,00,000 [Option ID = 62979]
3. Rs. 3,00,000 [Option ID = 62977]
4. Rs. 3,50,000 [Option ID = 62978]
Correct Answer :-
Rs. 3,00,000 [Option ID = 62977]
For a monopolist, the demand law is p = 50 ? x
2
and MC + 1 + x
2
. Determine the consumer?s surplus at the price which the
monopolist would like to fix.
[Question ID = 30707]
1. 29.7 [Option ID = 62823]
2. 30.02 [Option ID = 62822]
3. 28.58 [Option ID = 62820]
4. 26.54 [Option ID = 62821]
Correct Answer :-
28.58 [Option ID = 62820]
Which of the following is not taxable under the head ?Income from other sources?? [Question ID = 30747]
1. Dividend [Option ID = 62980]
2. Winnings from lotteries [Option ID = 62982]
3. Gain from transfer of capital asset [Option ID = 62983]
4. Interest on securities [Option ID = 62981]
75)
76)
77)
78)
79)
80)
81)
Correct Answer :-
Gain from transfer of capital asset [Option ID = 62983]
Which of the following losses is not deductible from business income? [Question ID = 30748]
1. Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
2. Loss of stock-in-trade due to theft. [Option ID = 62985]
3. Loss of stock-in-trade due to destruction by fire. [Option ID = 62984]
4. Loss of raw material or finished goods in transit [Option ID = 62987]
Correct Answer :-
Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
Which of the following statements regarding residential status of a company is not true? [Question ID = 30751]
1. An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
2. An Indian company is always resident in India. [Option ID = 62996]
3. A foreign company is resident in India if the control and management of its affairs is situated wholly in India during the previous year. [Option ID =
62997]
4. A foreign company is non-resident in India if the control and management of its affairs is situated wholly or partly out of India during the previous year.
[Option ID = 62999]
Correct Answer :-
An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
Which of the following statement(s) is/are correct [Question ID = 30695]
1. The value of coefficient of correlation can never be zero. [Option ID = 62773]
2. The two regression coefficients must have same sign [Option ID = 62774]
3. All of these [Option ID = 62775]
4. If coefficient of correlation is 0.80 then 80 percent of variation in dependent variable is explained by independent variable. [Option ID = 62772]
Correct Answer :-
The two regression coefficients must have same sign [Option ID = 62774]
Which of the following is not chargeable to tax under the head ?Income from House Property?? [Question ID = 30752]
1. Rental income received by a tenant from sub-letting [Option ID = 63001]
2. Rental income from a shop [Option ID = 63002]
3. Rental income in the hands of owner [Option ID = 63000]
4. None of these [Option ID = 63003]
Correct Answer :-
Rental income received by a tenant from sub-letting [Option ID = 63001]
Which one of the following statement is not TRUE concerning Limited Liability Partnership [Question ID = 30738]
1. Low compliance cost [Option ID = 62945]
2. Hybrid system of partnership and company [Option ID = 62944]
3. Most suitable for SMEs [Option ID = 62946]
4. Not suitable for services sector [Option ID = 62947]
Correct Answer :-
Not suitable for services sector [Option ID = 62947]
Which one of the following does not drive entrepreneurship: [Question ID = 30737]
1. Profitable model [Option ID = 62943]
2. Bilateral relations [Option ID = 62942]
3. Innovation [Option ID = 62940]
4. Risk taking [Option ID = 62941]
Correct Answer :-
Bilateral relations [Option ID = 62942]
Pre-acquisition profit in subsidiary company is considered as: [Question ID = 30714]
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
54)
55)
56)
57)
58)
59)
3,000 units [Option ID = 62921]
Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs. 4.50 per unit. Additional material at Rs.
1.25 per unit was added in process. Labour and overheads were Rs. 6.25 per completed unit and Rs. 2.50 per unit incomplete. If 11,750
completed units were transferred out, what was the closing inventory in Process B? [Question ID = 30725]
1. Rs. 6562.50 [Option ID = 62892]
2. Rs. 25,375.00 [Option ID = 62895]
3. Rs. 14,437.50 [Option ID = 62894]
4. Rs. 12,250.00 [Option ID = 62893]
Correct Answer :-
Rs. 14,437.50 [Option ID = 62894]
A job is budgeted to require 3,300 productive hours including 25% normal idle time. If the total labour cost budgeted for the job is
Rs. 36,300, what is the labour cost per hour?
[Question ID = 30733]
1. Rs. 11.00 [Option ID = 62926]
2. Rs. 14.67 [Option ID = 62927]
3. Rs. 8.80 [Option ID = 62925]
4. Rs. 8.25 [Option ID = 62924]
Correct Answer :-
Rs. 11.00 [Option ID = 62926]
At equilibrium the slope of the indifference curve is
[Question ID = 30671]
1. Equal to the slope of the budget line [Option ID = 62678]
2. Smaller than the slope of the budget line [Option ID = 62677]
3. Either equal or larger than the budget line [Option ID = 62679]
4. Greater than the slope of the budget line [Option ID = 62676]
Correct Answer :-
Equal to the slope of the budget line [Option ID = 62678]
Following information is available of P Ltd. For year ended March, 2017:
4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit
Is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of
abnormal gain to be transferred to Costing P & L will be:- [Question ID = 30729]
1. Rs. 2,000 [Option ID = 62909]
2. Rs. 3,500 [Option ID = 62911]
3. Rs. 2,500 [Option ID = 62908]
4. Rs. 4,000 [Option ID = 62910]
Correct Answer :-
Rs. 2,500 [Option ID = 62908]
Social responsibility is: [Question ID = 30741]
1. None of these [Option ID = 62959]
2. The obligation of an individual to behave in ethical way in society [Option ID = 62956]
3. The obligation of an organization to behave in ethical way [Option ID = 62957]
4. The obligation of a nation to behave in legitimate way in the interest of the society [Option ID = 62958]
Correct Answer :-
Section 30 of the Contract Act 1872, provides for the elements of wagering which does not include: [Question ID = 30758]
1. None of these [Option ID = 63027]
2. There are equal chances of gain or loss [Option ID = 63025]
3. No other interest of the parties is involved [Option ID = 63026]
4. The agreement is dependent on the occurrence of an event [Option ID = 63024]
Correct Answer :-
60)
61)
62)
63)
64)
65)
66)
None of these [Option ID = 63027]
Section 2 (46) of the Companies Act 2013, defines the [Question ID = 30756]
1. Subsidiary company [Option ID = 63016]
2. Holding company [Option ID = 63017]
3. Statutory company [Option ID = 63018]
4. Associate company [Option ID = 63019]
Correct Answer :-
Holding company [Option ID = 63017]
The sum of squares of deviations is least if measured from [Question ID = 30689]
1. Mean [Option ID = 62748]
2. Variance [Option ID = 62751]
3. Median [Option ID = 62750]
4. Mode [Option ID = 62749]
Correct Answer :-
Mean [Option ID = 62748]
The mean of a distribution is 23, the median is 24, and the mode is 25.5. It is most likely that this distribution is [Question ID =
30685]
1. Positive Skewed [Option ID = 62732]
2. Asymptotic [Option ID = 62734]
3. Negatively Skewed [Option ID = 62735]
4. Symmetrical [Option ID = 62733]
Correct Answer :-
Negatively Skewed [Option ID = 62735]
When Amalgamation is the nature of purchase, the accounting method to be followed is [Question ID = 30710]
1. Consolidated method [Option ID = 62835]
2. Purchase Method [Option ID = 62833]
3. Equity Method [Option ID = 62832]
4. Pooling of interest method [Option ID = 62834]
Correct Answer :-
Purchase Method [Option ID = 62833]
_______________ is a summary of all functional budgets in a capsule form. [Question ID = 30727]
1. Flexible Budget [Option ID = 62903]
2. Functional Budget [Option ID = 62900]
3. Master Budget [Option ID = 62901]
4. Long Period Budget [Option ID = 62902]
Correct Answer :-
Master Budget [Option ID = 62901]
The Consumer Price Index is an example of which type of index? [Question ID = 30697]
1. none of these [Option ID = 62783]
2. Simple [Option ID = 62781]
3. Multiple [Option ID = 62782]
4. Composite [Option ID = 62780]
Correct Answer :-
Composite [Option ID = 62780]
67)
68)
[Question ID = 53376]
1. Minimize 6T + 5C [Option ID = 93493]
2. Maximize 120 T + 80 C [Option ID = 93491]
3. Maximize 200 T + 200 C [Option ID = 93490]
4. Maximize T + C [Option ID = 93492]
Correct Answer :-
Maximize 120 T + 80 C [Option ID = 93491]
[Question ID = 30709]
1. Agriculture sector ? 950 units, Industry sector ? 1250 units, 1000 hrs. [Option ID = 62831]
2. Agriculture sector ? 1111 units, Industry sector ? 1000 units, 1500 hrs. [Option ID = 62829]
3. Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
4. Agriculture sector ? 1000 units, Industry sector ? 1333 units, 1200 hrs. [Option ID = 62828]
Correct Answer :-
Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
Which of the following would be a necessary constraint in the problem?
[Question ID = 30699]
1. T + C < 180 [Option ID = 62790]
2. T + C < 200 [Option ID = 62788]
3. T + C < 40 [Option ID = 62789]
4. 120T + 80C > 1000 [Option ID = 62791]
69)
70)
71)
72)
73)
74)
Correct Answer :-
T + C < 40 [Option ID = 62789]
[Question ID = 30706]
1. [Option ID = 62817]
2. [Option ID = 62819]
3. [Option ID = 62816]
4. [Option ID = 62818]
Correct Answer :-
[Option ID = 62819]
If MC is above AC and output is rising then [Question ID = 30668]
1. AFC is rising [Option ID = 62667]
2. AVC is failing [Option ID = 62665]
3. AVC is rising [Option ID = 62666]
4. ATC is failing [Option ID = 62664]
Correct Answer :-
AVC is rising [Option ID = 62666]
Find the effective discount rate when nominal rate of discount is 10% compounded continuously. [Question ID = 30702]
1. 9.00% [Option ID = 62800]
2. 9.25% [Option ID = 62801]
3. 10% [Option ID = 62802]
4. 9.52% [Option ID = 62803]
Correct Answer :-
9.52% [Option ID = 62803]
For the Assessment Year 2018-19, the exemption limit for resident individuals aged 60 or above but less than 80 years is:
[Question ID = 30746]
1. Rs. 2,50,000 [Option ID = 62976]
2. Rs. 5,00,000 [Option ID = 62979]
3. Rs. 3,00,000 [Option ID = 62977]
4. Rs. 3,50,000 [Option ID = 62978]
Correct Answer :-
Rs. 3,00,000 [Option ID = 62977]
For a monopolist, the demand law is p = 50 ? x
2
and MC + 1 + x
2
. Determine the consumer?s surplus at the price which the
monopolist would like to fix.
[Question ID = 30707]
1. 29.7 [Option ID = 62823]
2. 30.02 [Option ID = 62822]
3. 28.58 [Option ID = 62820]
4. 26.54 [Option ID = 62821]
Correct Answer :-
28.58 [Option ID = 62820]
Which of the following is not taxable under the head ?Income from other sources?? [Question ID = 30747]
1. Dividend [Option ID = 62980]
2. Winnings from lotteries [Option ID = 62982]
3. Gain from transfer of capital asset [Option ID = 62983]
4. Interest on securities [Option ID = 62981]
75)
76)
77)
78)
79)
80)
81)
Correct Answer :-
Gain from transfer of capital asset [Option ID = 62983]
Which of the following losses is not deductible from business income? [Question ID = 30748]
1. Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
2. Loss of stock-in-trade due to theft. [Option ID = 62985]
3. Loss of stock-in-trade due to destruction by fire. [Option ID = 62984]
4. Loss of raw material or finished goods in transit [Option ID = 62987]
Correct Answer :-
Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
Which of the following statements regarding residential status of a company is not true? [Question ID = 30751]
1. An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
2. An Indian company is always resident in India. [Option ID = 62996]
3. A foreign company is resident in India if the control and management of its affairs is situated wholly in India during the previous year. [Option ID =
62997]
4. A foreign company is non-resident in India if the control and management of its affairs is situated wholly or partly out of India during the previous year.
[Option ID = 62999]
Correct Answer :-
An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
Which of the following statement(s) is/are correct [Question ID = 30695]
1. The value of coefficient of correlation can never be zero. [Option ID = 62773]
2. The two regression coefficients must have same sign [Option ID = 62774]
3. All of these [Option ID = 62775]
4. If coefficient of correlation is 0.80 then 80 percent of variation in dependent variable is explained by independent variable. [Option ID = 62772]
Correct Answer :-
The two regression coefficients must have same sign [Option ID = 62774]
Which of the following is not chargeable to tax under the head ?Income from House Property?? [Question ID = 30752]
1. Rental income received by a tenant from sub-letting [Option ID = 63001]
2. Rental income from a shop [Option ID = 63002]
3. Rental income in the hands of owner [Option ID = 63000]
4. None of these [Option ID = 63003]
Correct Answer :-
Rental income received by a tenant from sub-letting [Option ID = 63001]
Which one of the following statement is not TRUE concerning Limited Liability Partnership [Question ID = 30738]
1. Low compliance cost [Option ID = 62945]
2. Hybrid system of partnership and company [Option ID = 62944]
3. Most suitable for SMEs [Option ID = 62946]
4. Not suitable for services sector [Option ID = 62947]
Correct Answer :-
Not suitable for services sector [Option ID = 62947]
Which one of the following does not drive entrepreneurship: [Question ID = 30737]
1. Profitable model [Option ID = 62943]
2. Bilateral relations [Option ID = 62942]
3. Innovation [Option ID = 62940]
4. Risk taking [Option ID = 62941]
Correct Answer :-
Bilateral relations [Option ID = 62942]
Pre-acquisition profit in subsidiary company is considered as: [Question ID = 30714]
82)
83)
84)
85)
86)
87)
1. Capital profit [Option ID = 62848]
2. None of these [Option ID = 62851]
3. Goodwill [Option ID = 62850]
4. Revenue profit [Option ID = 62849]
Correct Answer :-
Capital profit [Option ID = 62848]
Keynes famous three motives for holding money are [Question ID = 30684]
1. Translation motive, precautionary motive and speculative motive [Option ID = 62729]
2. Transaction motive, precautionary motive and speculative motive [Option ID = 62731]
3. Transaction motive, translation motive and speculative motive [Option ID = 62730]
4. Transaction motive, special motive and speculative motive [Option ID = 62728]
Correct Answer :-
Transaction motive, precautionary motive and speculative motive [Option ID = 62731]
Share capital suspension account is open [Question ID = 30712]
1. When application money is received but balance sheet is prepared before allotment of shares [Option ID = 62842]
2. None of these [Option ID = 62843]
3. When shares are forfeited [Option ID = 62841]
4. When dividend is declared but not paid [Option ID = 62840]
Correct Answer :-
When application money is received but balance sheet is prepared before allotment of shares [Option ID = 62842]
In ?make or buy? decision, it is profitable to buy from outside only when the supplier?s price is below the firm?s own
_______________. [Question ID = 30726]
1. Fixed Cost [Option ID = 62896]
2. Prime Cost [Option ID = 62899]
3. Total Cost [Option ID = 62898]
4. Variable Cost [Option ID = 62897]
Correct Answer :-
Variable Cost [Option ID = 62897]
A loan of Rs. 20000 is to be repaid in certain equal annual installments of Rs. 2470 each reckoning interest at 4% p.a. compound.
Find the number of such installments.
[Question ID = 30705]
1. 11 [Option ID = 62814]
2. 10 [Option ID = 62812]
3. 15 [Option ID = 62815]
4. 9 [Option ID = 62813]
Correct Answer :-
10 [Option ID = 62812]
Fixed cost is a cost: [Question ID = 30722]
1. Which do not change in total during a given period despite changes in output [Option ID = 62882]
2. Which changes in total in proportion to changes in output [Option ID = 62880]
3. Which remains same for each unit of output [Option ID = 62883]
4. Which is partly fixed and partly variable in relation to output [Option ID = 62881]
Correct Answer :-
Which do not change in total during a given period despite changes in output [Option ID = 62882]
A person is said to be of unsound mind for the purpose of making a contract, as per sec 12 of the Contract Act, 1872, if, he is:
[Question ID = 30757]
1. Intoxicated [Option ID = 63022]
2. Lunatic [Option ID = 63020]
3. Idiotic [Option ID = 63021]
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
54)
55)
56)
57)
58)
59)
3,000 units [Option ID = 62921]
Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs. 4.50 per unit. Additional material at Rs.
1.25 per unit was added in process. Labour and overheads were Rs. 6.25 per completed unit and Rs. 2.50 per unit incomplete. If 11,750
completed units were transferred out, what was the closing inventory in Process B? [Question ID = 30725]
1. Rs. 6562.50 [Option ID = 62892]
2. Rs. 25,375.00 [Option ID = 62895]
3. Rs. 14,437.50 [Option ID = 62894]
4. Rs. 12,250.00 [Option ID = 62893]
Correct Answer :-
Rs. 14,437.50 [Option ID = 62894]
A job is budgeted to require 3,300 productive hours including 25% normal idle time. If the total labour cost budgeted for the job is
Rs. 36,300, what is the labour cost per hour?
[Question ID = 30733]
1. Rs. 11.00 [Option ID = 62926]
2. Rs. 14.67 [Option ID = 62927]
3. Rs. 8.80 [Option ID = 62925]
4. Rs. 8.25 [Option ID = 62924]
Correct Answer :-
Rs. 11.00 [Option ID = 62926]
At equilibrium the slope of the indifference curve is
[Question ID = 30671]
1. Equal to the slope of the budget line [Option ID = 62678]
2. Smaller than the slope of the budget line [Option ID = 62677]
3. Either equal or larger than the budget line [Option ID = 62679]
4. Greater than the slope of the budget line [Option ID = 62676]
Correct Answer :-
Equal to the slope of the budget line [Option ID = 62678]
Following information is available of P Ltd. For year ended March, 2017:
4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit
Is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of
abnormal gain to be transferred to Costing P & L will be:- [Question ID = 30729]
1. Rs. 2,000 [Option ID = 62909]
2. Rs. 3,500 [Option ID = 62911]
3. Rs. 2,500 [Option ID = 62908]
4. Rs. 4,000 [Option ID = 62910]
Correct Answer :-
Rs. 2,500 [Option ID = 62908]
Social responsibility is: [Question ID = 30741]
1. None of these [Option ID = 62959]
2. The obligation of an individual to behave in ethical way in society [Option ID = 62956]
3. The obligation of an organization to behave in ethical way [Option ID = 62957]
4. The obligation of a nation to behave in legitimate way in the interest of the society [Option ID = 62958]
Correct Answer :-
Section 30 of the Contract Act 1872, provides for the elements of wagering which does not include: [Question ID = 30758]
1. None of these [Option ID = 63027]
2. There are equal chances of gain or loss [Option ID = 63025]
3. No other interest of the parties is involved [Option ID = 63026]
4. The agreement is dependent on the occurrence of an event [Option ID = 63024]
Correct Answer :-
60)
61)
62)
63)
64)
65)
66)
None of these [Option ID = 63027]
Section 2 (46) of the Companies Act 2013, defines the [Question ID = 30756]
1. Subsidiary company [Option ID = 63016]
2. Holding company [Option ID = 63017]
3. Statutory company [Option ID = 63018]
4. Associate company [Option ID = 63019]
Correct Answer :-
Holding company [Option ID = 63017]
The sum of squares of deviations is least if measured from [Question ID = 30689]
1. Mean [Option ID = 62748]
2. Variance [Option ID = 62751]
3. Median [Option ID = 62750]
4. Mode [Option ID = 62749]
Correct Answer :-
Mean [Option ID = 62748]
The mean of a distribution is 23, the median is 24, and the mode is 25.5. It is most likely that this distribution is [Question ID =
30685]
1. Positive Skewed [Option ID = 62732]
2. Asymptotic [Option ID = 62734]
3. Negatively Skewed [Option ID = 62735]
4. Symmetrical [Option ID = 62733]
Correct Answer :-
Negatively Skewed [Option ID = 62735]
When Amalgamation is the nature of purchase, the accounting method to be followed is [Question ID = 30710]
1. Consolidated method [Option ID = 62835]
2. Purchase Method [Option ID = 62833]
3. Equity Method [Option ID = 62832]
4. Pooling of interest method [Option ID = 62834]
Correct Answer :-
Purchase Method [Option ID = 62833]
_______________ is a summary of all functional budgets in a capsule form. [Question ID = 30727]
1. Flexible Budget [Option ID = 62903]
2. Functional Budget [Option ID = 62900]
3. Master Budget [Option ID = 62901]
4. Long Period Budget [Option ID = 62902]
Correct Answer :-
Master Budget [Option ID = 62901]
The Consumer Price Index is an example of which type of index? [Question ID = 30697]
1. none of these [Option ID = 62783]
2. Simple [Option ID = 62781]
3. Multiple [Option ID = 62782]
4. Composite [Option ID = 62780]
Correct Answer :-
Composite [Option ID = 62780]
67)
68)
[Question ID = 53376]
1. Minimize 6T + 5C [Option ID = 93493]
2. Maximize 120 T + 80 C [Option ID = 93491]
3. Maximize 200 T + 200 C [Option ID = 93490]
4. Maximize T + C [Option ID = 93492]
Correct Answer :-
Maximize 120 T + 80 C [Option ID = 93491]
[Question ID = 30709]
1. Agriculture sector ? 950 units, Industry sector ? 1250 units, 1000 hrs. [Option ID = 62831]
2. Agriculture sector ? 1111 units, Industry sector ? 1000 units, 1500 hrs. [Option ID = 62829]
3. Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
4. Agriculture sector ? 1000 units, Industry sector ? 1333 units, 1200 hrs. [Option ID = 62828]
Correct Answer :-
Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
Which of the following would be a necessary constraint in the problem?
[Question ID = 30699]
1. T + C < 180 [Option ID = 62790]
2. T + C < 200 [Option ID = 62788]
3. T + C < 40 [Option ID = 62789]
4. 120T + 80C > 1000 [Option ID = 62791]
69)
70)
71)
72)
73)
74)
Correct Answer :-
T + C < 40 [Option ID = 62789]
[Question ID = 30706]
1. [Option ID = 62817]
2. [Option ID = 62819]
3. [Option ID = 62816]
4. [Option ID = 62818]
Correct Answer :-
[Option ID = 62819]
If MC is above AC and output is rising then [Question ID = 30668]
1. AFC is rising [Option ID = 62667]
2. AVC is failing [Option ID = 62665]
3. AVC is rising [Option ID = 62666]
4. ATC is failing [Option ID = 62664]
Correct Answer :-
AVC is rising [Option ID = 62666]
Find the effective discount rate when nominal rate of discount is 10% compounded continuously. [Question ID = 30702]
1. 9.00% [Option ID = 62800]
2. 9.25% [Option ID = 62801]
3. 10% [Option ID = 62802]
4. 9.52% [Option ID = 62803]
Correct Answer :-
9.52% [Option ID = 62803]
For the Assessment Year 2018-19, the exemption limit for resident individuals aged 60 or above but less than 80 years is:
[Question ID = 30746]
1. Rs. 2,50,000 [Option ID = 62976]
2. Rs. 5,00,000 [Option ID = 62979]
3. Rs. 3,00,000 [Option ID = 62977]
4. Rs. 3,50,000 [Option ID = 62978]
Correct Answer :-
Rs. 3,00,000 [Option ID = 62977]
For a monopolist, the demand law is p = 50 ? x
2
and MC + 1 + x
2
. Determine the consumer?s surplus at the price which the
monopolist would like to fix.
[Question ID = 30707]
1. 29.7 [Option ID = 62823]
2. 30.02 [Option ID = 62822]
3. 28.58 [Option ID = 62820]
4. 26.54 [Option ID = 62821]
Correct Answer :-
28.58 [Option ID = 62820]
Which of the following is not taxable under the head ?Income from other sources?? [Question ID = 30747]
1. Dividend [Option ID = 62980]
2. Winnings from lotteries [Option ID = 62982]
3. Gain from transfer of capital asset [Option ID = 62983]
4. Interest on securities [Option ID = 62981]
75)
76)
77)
78)
79)
80)
81)
Correct Answer :-
Gain from transfer of capital asset [Option ID = 62983]
Which of the following losses is not deductible from business income? [Question ID = 30748]
1. Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
2. Loss of stock-in-trade due to theft. [Option ID = 62985]
3. Loss of stock-in-trade due to destruction by fire. [Option ID = 62984]
4. Loss of raw material or finished goods in transit [Option ID = 62987]
Correct Answer :-
Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
Which of the following statements regarding residential status of a company is not true? [Question ID = 30751]
1. An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
2. An Indian company is always resident in India. [Option ID = 62996]
3. A foreign company is resident in India if the control and management of its affairs is situated wholly in India during the previous year. [Option ID =
62997]
4. A foreign company is non-resident in India if the control and management of its affairs is situated wholly or partly out of India during the previous year.
[Option ID = 62999]
Correct Answer :-
An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
Which of the following statement(s) is/are correct [Question ID = 30695]
1. The value of coefficient of correlation can never be zero. [Option ID = 62773]
2. The two regression coefficients must have same sign [Option ID = 62774]
3. All of these [Option ID = 62775]
4. If coefficient of correlation is 0.80 then 80 percent of variation in dependent variable is explained by independent variable. [Option ID = 62772]
Correct Answer :-
The two regression coefficients must have same sign [Option ID = 62774]
Which of the following is not chargeable to tax under the head ?Income from House Property?? [Question ID = 30752]
1. Rental income received by a tenant from sub-letting [Option ID = 63001]
2. Rental income from a shop [Option ID = 63002]
3. Rental income in the hands of owner [Option ID = 63000]
4. None of these [Option ID = 63003]
Correct Answer :-
Rental income received by a tenant from sub-letting [Option ID = 63001]
Which one of the following statement is not TRUE concerning Limited Liability Partnership [Question ID = 30738]
1. Low compliance cost [Option ID = 62945]
2. Hybrid system of partnership and company [Option ID = 62944]
3. Most suitable for SMEs [Option ID = 62946]
4. Not suitable for services sector [Option ID = 62947]
Correct Answer :-
Not suitable for services sector [Option ID = 62947]
Which one of the following does not drive entrepreneurship: [Question ID = 30737]
1. Profitable model [Option ID = 62943]
2. Bilateral relations [Option ID = 62942]
3. Innovation [Option ID = 62940]
4. Risk taking [Option ID = 62941]
Correct Answer :-
Bilateral relations [Option ID = 62942]
Pre-acquisition profit in subsidiary company is considered as: [Question ID = 30714]
82)
83)
84)
85)
86)
87)
1. Capital profit [Option ID = 62848]
2. None of these [Option ID = 62851]
3. Goodwill [Option ID = 62850]
4. Revenue profit [Option ID = 62849]
Correct Answer :-
Capital profit [Option ID = 62848]
Keynes famous three motives for holding money are [Question ID = 30684]
1. Translation motive, precautionary motive and speculative motive [Option ID = 62729]
2. Transaction motive, precautionary motive and speculative motive [Option ID = 62731]
3. Transaction motive, translation motive and speculative motive [Option ID = 62730]
4. Transaction motive, special motive and speculative motive [Option ID = 62728]
Correct Answer :-
Transaction motive, precautionary motive and speculative motive [Option ID = 62731]
Share capital suspension account is open [Question ID = 30712]
1. When application money is received but balance sheet is prepared before allotment of shares [Option ID = 62842]
2. None of these [Option ID = 62843]
3. When shares are forfeited [Option ID = 62841]
4. When dividend is declared but not paid [Option ID = 62840]
Correct Answer :-
When application money is received but balance sheet is prepared before allotment of shares [Option ID = 62842]
In ?make or buy? decision, it is profitable to buy from outside only when the supplier?s price is below the firm?s own
_______________. [Question ID = 30726]
1. Fixed Cost [Option ID = 62896]
2. Prime Cost [Option ID = 62899]
3. Total Cost [Option ID = 62898]
4. Variable Cost [Option ID = 62897]
Correct Answer :-
Variable Cost [Option ID = 62897]
A loan of Rs. 20000 is to be repaid in certain equal annual installments of Rs. 2470 each reckoning interest at 4% p.a. compound.
Find the number of such installments.
[Question ID = 30705]
1. 11 [Option ID = 62814]
2. 10 [Option ID = 62812]
3. 15 [Option ID = 62815]
4. 9 [Option ID = 62813]
Correct Answer :-
10 [Option ID = 62812]
Fixed cost is a cost: [Question ID = 30722]
1. Which do not change in total during a given period despite changes in output [Option ID = 62882]
2. Which changes in total in proportion to changes in output [Option ID = 62880]
3. Which remains same for each unit of output [Option ID = 62883]
4. Which is partly fixed and partly variable in relation to output [Option ID = 62881]
Correct Answer :-
Which do not change in total during a given period despite changes in output [Option ID = 62882]
A person is said to be of unsound mind for the purpose of making a contract, as per sec 12 of the Contract Act, 1872, if, he is:
[Question ID = 30757]
1. Intoxicated [Option ID = 63022]
2. Lunatic [Option ID = 63020]
3. Idiotic [Option ID = 63021]
88)
89)
90)
91)
92)
93)
4. All of these [Option ID = 63023]
Correct Answer :-
All of these [Option ID = 63023]
A person buys 15 kg of rice, 5 kg of dal and 2 kg of sugar. Rice costs Rs. 10 per kg, dal Rs. 30 per kg, and sugar Rs. 15 per kg.
Representing the quantities bought by a row matrix and the prices by a column matrix, determine the total cost of the commodities
bought by the person.
[Question ID = 30704]
1. Rs. 420 [Option ID = 62810]
2. Rs. 400 [Option ID = 62811]
3. Rs. 350 [Option ID = 62808]
4. Rs. 330 [Option ID = 62809]
Correct Answer :-
Rs. 330 [Option ID = 62809]
In a fixed exchange rate regime, fiscal expansion results in [Question ID = 30681]
1. Increase in income, exchange rate and trade balance [Option ID = 62716]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62717]
3. Increase in income and trade balance but no change in exchange rate [Option ID = 62719]
4. Increase in income but no change in exchange rate and trade balance [Option ID = 62718]
Correct Answer :-
Increase in income but no change in exchange rate and trade balance [Option ID = 62718]
According to the Union Budget 2018, the long-term capital gains tax on stocks (in respect of profits exceeding Rs. 1 lakh) has been
announced as: [Question ID = 30749]
1. 15% [Option ID = 62991]
2. 12% [Option ID = 62990]
3. 10% [Option ID = 62989]
4. 8% [Option ID = 62988]
Correct Answer :-
10% [Option ID = 62989]
The term ?price takers? is a characteristic of which of the following markets
[Question ID = 30661]
1. Monopolistic Markets [Option ID = 62639]
2. Monopoly [Option ID = 62636]
3. Oligopoly [Option ID = 62638]
4. Perfectly Competitive Markets [Option ID = 62637]
Correct Answer :-
Perfectly Competitive Markets [Option ID = 62637]
The variance of 5 numbers is 10. If each number is divided by 2, then the variance of new numbers is
[Question ID = 30690]
1. 5 [Option ID = 62753]
2. 2.5 [Option ID = 62754]
3. 20 [Option ID = 62752]
4. Cannot be determined [Option ID = 62755]
Correct Answer :-
2.5 [Option ID = 62754]
Economic profit [Question ID = 30667]
1. Is most often equal to accounting profit [Option ID = 62661]
2. Will always exceed accounting profit [Option ID = 62663]
3. Will never exceed accounting profit [Option ID = 62660]
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
54)
55)
56)
57)
58)
59)
3,000 units [Option ID = 62921]
Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs. 4.50 per unit. Additional material at Rs.
1.25 per unit was added in process. Labour and overheads were Rs. 6.25 per completed unit and Rs. 2.50 per unit incomplete. If 11,750
completed units were transferred out, what was the closing inventory in Process B? [Question ID = 30725]
1. Rs. 6562.50 [Option ID = 62892]
2. Rs. 25,375.00 [Option ID = 62895]
3. Rs. 14,437.50 [Option ID = 62894]
4. Rs. 12,250.00 [Option ID = 62893]
Correct Answer :-
Rs. 14,437.50 [Option ID = 62894]
A job is budgeted to require 3,300 productive hours including 25% normal idle time. If the total labour cost budgeted for the job is
Rs. 36,300, what is the labour cost per hour?
[Question ID = 30733]
1. Rs. 11.00 [Option ID = 62926]
2. Rs. 14.67 [Option ID = 62927]
3. Rs. 8.80 [Option ID = 62925]
4. Rs. 8.25 [Option ID = 62924]
Correct Answer :-
Rs. 11.00 [Option ID = 62926]
At equilibrium the slope of the indifference curve is
[Question ID = 30671]
1. Equal to the slope of the budget line [Option ID = 62678]
2. Smaller than the slope of the budget line [Option ID = 62677]
3. Either equal or larger than the budget line [Option ID = 62679]
4. Greater than the slope of the budget line [Option ID = 62676]
Correct Answer :-
Equal to the slope of the budget line [Option ID = 62678]
Following information is available of P Ltd. For year ended March, 2017:
4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit
Is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of
abnormal gain to be transferred to Costing P & L will be:- [Question ID = 30729]
1. Rs. 2,000 [Option ID = 62909]
2. Rs. 3,500 [Option ID = 62911]
3. Rs. 2,500 [Option ID = 62908]
4. Rs. 4,000 [Option ID = 62910]
Correct Answer :-
Rs. 2,500 [Option ID = 62908]
Social responsibility is: [Question ID = 30741]
1. None of these [Option ID = 62959]
2. The obligation of an individual to behave in ethical way in society [Option ID = 62956]
3. The obligation of an organization to behave in ethical way [Option ID = 62957]
4. The obligation of a nation to behave in legitimate way in the interest of the society [Option ID = 62958]
Correct Answer :-
Section 30 of the Contract Act 1872, provides for the elements of wagering which does not include: [Question ID = 30758]
1. None of these [Option ID = 63027]
2. There are equal chances of gain or loss [Option ID = 63025]
3. No other interest of the parties is involved [Option ID = 63026]
4. The agreement is dependent on the occurrence of an event [Option ID = 63024]
Correct Answer :-
60)
61)
62)
63)
64)
65)
66)
None of these [Option ID = 63027]
Section 2 (46) of the Companies Act 2013, defines the [Question ID = 30756]
1. Subsidiary company [Option ID = 63016]
2. Holding company [Option ID = 63017]
3. Statutory company [Option ID = 63018]
4. Associate company [Option ID = 63019]
Correct Answer :-
Holding company [Option ID = 63017]
The sum of squares of deviations is least if measured from [Question ID = 30689]
1. Mean [Option ID = 62748]
2. Variance [Option ID = 62751]
3. Median [Option ID = 62750]
4. Mode [Option ID = 62749]
Correct Answer :-
Mean [Option ID = 62748]
The mean of a distribution is 23, the median is 24, and the mode is 25.5. It is most likely that this distribution is [Question ID =
30685]
1. Positive Skewed [Option ID = 62732]
2. Asymptotic [Option ID = 62734]
3. Negatively Skewed [Option ID = 62735]
4. Symmetrical [Option ID = 62733]
Correct Answer :-
Negatively Skewed [Option ID = 62735]
When Amalgamation is the nature of purchase, the accounting method to be followed is [Question ID = 30710]
1. Consolidated method [Option ID = 62835]
2. Purchase Method [Option ID = 62833]
3. Equity Method [Option ID = 62832]
4. Pooling of interest method [Option ID = 62834]
Correct Answer :-
Purchase Method [Option ID = 62833]
_______________ is a summary of all functional budgets in a capsule form. [Question ID = 30727]
1. Flexible Budget [Option ID = 62903]
2. Functional Budget [Option ID = 62900]
3. Master Budget [Option ID = 62901]
4. Long Period Budget [Option ID = 62902]
Correct Answer :-
Master Budget [Option ID = 62901]
The Consumer Price Index is an example of which type of index? [Question ID = 30697]
1. none of these [Option ID = 62783]
2. Simple [Option ID = 62781]
3. Multiple [Option ID = 62782]
4. Composite [Option ID = 62780]
Correct Answer :-
Composite [Option ID = 62780]
67)
68)
[Question ID = 53376]
1. Minimize 6T + 5C [Option ID = 93493]
2. Maximize 120 T + 80 C [Option ID = 93491]
3. Maximize 200 T + 200 C [Option ID = 93490]
4. Maximize T + C [Option ID = 93492]
Correct Answer :-
Maximize 120 T + 80 C [Option ID = 93491]
[Question ID = 30709]
1. Agriculture sector ? 950 units, Industry sector ? 1250 units, 1000 hrs. [Option ID = 62831]
2. Agriculture sector ? 1111 units, Industry sector ? 1000 units, 1500 hrs. [Option ID = 62829]
3. Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
4. Agriculture sector ? 1000 units, Industry sector ? 1333 units, 1200 hrs. [Option ID = 62828]
Correct Answer :-
Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
Which of the following would be a necessary constraint in the problem?
[Question ID = 30699]
1. T + C < 180 [Option ID = 62790]
2. T + C < 200 [Option ID = 62788]
3. T + C < 40 [Option ID = 62789]
4. 120T + 80C > 1000 [Option ID = 62791]
69)
70)
71)
72)
73)
74)
Correct Answer :-
T + C < 40 [Option ID = 62789]
[Question ID = 30706]
1. [Option ID = 62817]
2. [Option ID = 62819]
3. [Option ID = 62816]
4. [Option ID = 62818]
Correct Answer :-
[Option ID = 62819]
If MC is above AC and output is rising then [Question ID = 30668]
1. AFC is rising [Option ID = 62667]
2. AVC is failing [Option ID = 62665]
3. AVC is rising [Option ID = 62666]
4. ATC is failing [Option ID = 62664]
Correct Answer :-
AVC is rising [Option ID = 62666]
Find the effective discount rate when nominal rate of discount is 10% compounded continuously. [Question ID = 30702]
1. 9.00% [Option ID = 62800]
2. 9.25% [Option ID = 62801]
3. 10% [Option ID = 62802]
4. 9.52% [Option ID = 62803]
Correct Answer :-
9.52% [Option ID = 62803]
For the Assessment Year 2018-19, the exemption limit for resident individuals aged 60 or above but less than 80 years is:
[Question ID = 30746]
1. Rs. 2,50,000 [Option ID = 62976]
2. Rs. 5,00,000 [Option ID = 62979]
3. Rs. 3,00,000 [Option ID = 62977]
4. Rs. 3,50,000 [Option ID = 62978]
Correct Answer :-
Rs. 3,00,000 [Option ID = 62977]
For a monopolist, the demand law is p = 50 ? x
2
and MC + 1 + x
2
. Determine the consumer?s surplus at the price which the
monopolist would like to fix.
[Question ID = 30707]
1. 29.7 [Option ID = 62823]
2. 30.02 [Option ID = 62822]
3. 28.58 [Option ID = 62820]
4. 26.54 [Option ID = 62821]
Correct Answer :-
28.58 [Option ID = 62820]
Which of the following is not taxable under the head ?Income from other sources?? [Question ID = 30747]
1. Dividend [Option ID = 62980]
2. Winnings from lotteries [Option ID = 62982]
3. Gain from transfer of capital asset [Option ID = 62983]
4. Interest on securities [Option ID = 62981]
75)
76)
77)
78)
79)
80)
81)
Correct Answer :-
Gain from transfer of capital asset [Option ID = 62983]
Which of the following losses is not deductible from business income? [Question ID = 30748]
1. Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
2. Loss of stock-in-trade due to theft. [Option ID = 62985]
3. Loss of stock-in-trade due to destruction by fire. [Option ID = 62984]
4. Loss of raw material or finished goods in transit [Option ID = 62987]
Correct Answer :-
Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
Which of the following statements regarding residential status of a company is not true? [Question ID = 30751]
1. An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
2. An Indian company is always resident in India. [Option ID = 62996]
3. A foreign company is resident in India if the control and management of its affairs is situated wholly in India during the previous year. [Option ID =
62997]
4. A foreign company is non-resident in India if the control and management of its affairs is situated wholly or partly out of India during the previous year.
[Option ID = 62999]
Correct Answer :-
An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
Which of the following statement(s) is/are correct [Question ID = 30695]
1. The value of coefficient of correlation can never be zero. [Option ID = 62773]
2. The two regression coefficients must have same sign [Option ID = 62774]
3. All of these [Option ID = 62775]
4. If coefficient of correlation is 0.80 then 80 percent of variation in dependent variable is explained by independent variable. [Option ID = 62772]
Correct Answer :-
The two regression coefficients must have same sign [Option ID = 62774]
Which of the following is not chargeable to tax under the head ?Income from House Property?? [Question ID = 30752]
1. Rental income received by a tenant from sub-letting [Option ID = 63001]
2. Rental income from a shop [Option ID = 63002]
3. Rental income in the hands of owner [Option ID = 63000]
4. None of these [Option ID = 63003]
Correct Answer :-
Rental income received by a tenant from sub-letting [Option ID = 63001]
Which one of the following statement is not TRUE concerning Limited Liability Partnership [Question ID = 30738]
1. Low compliance cost [Option ID = 62945]
2. Hybrid system of partnership and company [Option ID = 62944]
3. Most suitable for SMEs [Option ID = 62946]
4. Not suitable for services sector [Option ID = 62947]
Correct Answer :-
Not suitable for services sector [Option ID = 62947]
Which one of the following does not drive entrepreneurship: [Question ID = 30737]
1. Profitable model [Option ID = 62943]
2. Bilateral relations [Option ID = 62942]
3. Innovation [Option ID = 62940]
4. Risk taking [Option ID = 62941]
Correct Answer :-
Bilateral relations [Option ID = 62942]
Pre-acquisition profit in subsidiary company is considered as: [Question ID = 30714]
82)
83)
84)
85)
86)
87)
1. Capital profit [Option ID = 62848]
2. None of these [Option ID = 62851]
3. Goodwill [Option ID = 62850]
4. Revenue profit [Option ID = 62849]
Correct Answer :-
Capital profit [Option ID = 62848]
Keynes famous three motives for holding money are [Question ID = 30684]
1. Translation motive, precautionary motive and speculative motive [Option ID = 62729]
2. Transaction motive, precautionary motive and speculative motive [Option ID = 62731]
3. Transaction motive, translation motive and speculative motive [Option ID = 62730]
4. Transaction motive, special motive and speculative motive [Option ID = 62728]
Correct Answer :-
Transaction motive, precautionary motive and speculative motive [Option ID = 62731]
Share capital suspension account is open [Question ID = 30712]
1. When application money is received but balance sheet is prepared before allotment of shares [Option ID = 62842]
2. None of these [Option ID = 62843]
3. When shares are forfeited [Option ID = 62841]
4. When dividend is declared but not paid [Option ID = 62840]
Correct Answer :-
When application money is received but balance sheet is prepared before allotment of shares [Option ID = 62842]
In ?make or buy? decision, it is profitable to buy from outside only when the supplier?s price is below the firm?s own
_______________. [Question ID = 30726]
1. Fixed Cost [Option ID = 62896]
2. Prime Cost [Option ID = 62899]
3. Total Cost [Option ID = 62898]
4. Variable Cost [Option ID = 62897]
Correct Answer :-
Variable Cost [Option ID = 62897]
A loan of Rs. 20000 is to be repaid in certain equal annual installments of Rs. 2470 each reckoning interest at 4% p.a. compound.
Find the number of such installments.
[Question ID = 30705]
1. 11 [Option ID = 62814]
2. 10 [Option ID = 62812]
3. 15 [Option ID = 62815]
4. 9 [Option ID = 62813]
Correct Answer :-
10 [Option ID = 62812]
Fixed cost is a cost: [Question ID = 30722]
1. Which do not change in total during a given period despite changes in output [Option ID = 62882]
2. Which changes in total in proportion to changes in output [Option ID = 62880]
3. Which remains same for each unit of output [Option ID = 62883]
4. Which is partly fixed and partly variable in relation to output [Option ID = 62881]
Correct Answer :-
Which do not change in total during a given period despite changes in output [Option ID = 62882]
A person is said to be of unsound mind for the purpose of making a contract, as per sec 12 of the Contract Act, 1872, if, he is:
[Question ID = 30757]
1. Intoxicated [Option ID = 63022]
2. Lunatic [Option ID = 63020]
3. Idiotic [Option ID = 63021]
88)
89)
90)
91)
92)
93)
4. All of these [Option ID = 63023]
Correct Answer :-
All of these [Option ID = 63023]
A person buys 15 kg of rice, 5 kg of dal and 2 kg of sugar. Rice costs Rs. 10 per kg, dal Rs. 30 per kg, and sugar Rs. 15 per kg.
Representing the quantities bought by a row matrix and the prices by a column matrix, determine the total cost of the commodities
bought by the person.
[Question ID = 30704]
1. Rs. 420 [Option ID = 62810]
2. Rs. 400 [Option ID = 62811]
3. Rs. 350 [Option ID = 62808]
4. Rs. 330 [Option ID = 62809]
Correct Answer :-
Rs. 330 [Option ID = 62809]
In a fixed exchange rate regime, fiscal expansion results in [Question ID = 30681]
1. Increase in income, exchange rate and trade balance [Option ID = 62716]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62717]
3. Increase in income and trade balance but no change in exchange rate [Option ID = 62719]
4. Increase in income but no change in exchange rate and trade balance [Option ID = 62718]
Correct Answer :-
Increase in income but no change in exchange rate and trade balance [Option ID = 62718]
According to the Union Budget 2018, the long-term capital gains tax on stocks (in respect of profits exceeding Rs. 1 lakh) has been
announced as: [Question ID = 30749]
1. 15% [Option ID = 62991]
2. 12% [Option ID = 62990]
3. 10% [Option ID = 62989]
4. 8% [Option ID = 62988]
Correct Answer :-
10% [Option ID = 62989]
The term ?price takers? is a characteristic of which of the following markets
[Question ID = 30661]
1. Monopolistic Markets [Option ID = 62639]
2. Monopoly [Option ID = 62636]
3. Oligopoly [Option ID = 62638]
4. Perfectly Competitive Markets [Option ID = 62637]
Correct Answer :-
Perfectly Competitive Markets [Option ID = 62637]
The variance of 5 numbers is 10. If each number is divided by 2, then the variance of new numbers is
[Question ID = 30690]
1. 5 [Option ID = 62753]
2. 2.5 [Option ID = 62754]
3. 20 [Option ID = 62752]
4. Cannot be determined [Option ID = 62755]
Correct Answer :-
2.5 [Option ID = 62754]
Economic profit [Question ID = 30667]
1. Is most often equal to accounting profit [Option ID = 62661]
2. Will always exceed accounting profit [Option ID = 62663]
3. Will never exceed accounting profit [Option ID = 62660]
94)
95)
96)
97)
98)
99)
4. Is always at least as large as accounting profit [Option ID = 62662]
Correct Answer :-
Will never exceed accounting profit [Option ID = 62660]
As per the Companies Act 2013, no person shall be eligible to incorporate or become a nominee in more than ________________ One
Person Company [Question ID = 30755]
1. None of these [Option ID = 63015]
2. One Company [Option ID = 63012]
3. Ten Companies [Option ID = 63014]
4. Two Companies [Option ID = 63013]
Correct Answer :-
One Company [Option ID = 63012]
As per the Section 78 of the companies act 2013 amount collected as premium on securities cannot be utilized for [Question ID =
30711]
1. Buy back of its own shares [Option ID = 62836]
2. Purchase of fixed assets [Option ID = 62837]
3. Writing off preliminary expenses [Option ID = 62838]
4. Premium payable on redemption of shares [Option ID = 62839]
Correct Answer :-
Purchase of fixed assets [Option ID = 62837]
Who is the father of Accounting [Question ID = 30716]
1. Al khawarizmy [Option ID = 62858]
2. AL Mazendarany [Option ID = 62859]
3. Fra luca Picioli [Option ID = 62857]
4. Leonardo da vinci [Option ID = 62856]
Correct Answer :-
Fra luca Picioli [Option ID = 62857]
Vidya?s savings account has a balance of Rs. 2,654.39. The interest rate is 3% compounded monthly. Find the original principal
amount deposited two years ago? [Question ID = 30703]
1. Rs. 2500 [Option ID = 62806]
2. Rs. 2550 [Option ID = 62805]
3. Rs. 2475 [Option ID = 62804]
4. Rs. 2600 [Option ID = 62807]
Correct Answer :-
Rs. 2500 [Option ID = 62806]
Under the sale of Goods Act 1932, the modes of effective delivery includes: [Question ID = 30759]
1. Constructive delivery [Option ID = 63030]
2. All of these [Option ID = 63031]
3. Symbolic delivery [Option ID = 63029]
4. Actual delivery [Option ID = 63028]
Correct Answer :-
All of these [Option ID = 63031]
Stage II of production begins where the AP
L
begins to decline
[Question ID = 30670]
1. Always [Option ID = 62672]
2. Never [Option ID = 62673]
3. None of these [Option ID = 62675]
4. Sometime [Option ID = 62674]
Correct Answer :-
Always [Option ID = 62672]
FirstRanker.com - FirstRanker's Choice
1)
2)
3)
4)
5)
6)
DU MCom
Topic:- DU_J18_MCOM_Topic01
If the probability of A is 0.5 and the probability of B is 0.2 and the probability of the union of A and B is 0.7, then : [Question ID =
30693]
1. A and B are dependent [Option ID = 62766]
2. A and B are independent [Option ID = 62764]
3. A and B are mutually exclusive [Option ID = 62765]
4. A and B do have an intersection [Option ID = 62767]
Correct Answer :-
A and B are mutually exclusive [Option ID = 62765]
If the quantity of the commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
[Question ID = 30672]
1. Equal to 1 [Option ID = 62681]
2. Zero [Option ID = 62683]
3. Greater than 1 [Option ID = 62680]
4. Smaller than 1 [Option ID = 62682]
Correct Answer :-
Zero [Option ID = 62683]
If the demand function for an article is p=35-2x-x
2
and the demand X
0
is 3, then consumer surplus will be [Question ID = 30700]
1. 57 [Option ID = 62795]
2. 47 [Option ID = 62794]
3. 37 [Option ID = 62792]
4. 27 [Option ID = 62793]
Correct Answer :-
27 [Option ID = 62793]
If the third moment about mean is zero then distribution is [Question ID = 30691]
1. Positively skewed [Option ID = 62756]
2. Mesokurtic [Option ID = 62758]
3. Negatively skewed [Option ID = 62757]
4. Symmetrical [Option ID = 62759]
Correct Answer :-
Symmetrical [Option ID = 62759]
Which of the following statements is correct -
[Question ID = 30686]
1. Mean is not affected by extreme values [Option ID = 62736]
2. Mode is affected by extreme values [Option ID = 62738]
3. None of these [Option ID = 62739]
4. Median divides the data into two equal parts [Option ID = 62737]
Correct Answer :-
Median divides the data into two equal parts [Option ID = 62737]
Which of the following are not true for a bank reconciliation statement
(i) Part of double entry system
(ii) Not Part of double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger account
[Question ID = 30720]
7)
8)
9)
10)
11)
1. (ii) (iii) and (iv) [Option ID = 62875]
2. (i) and (ii) [Option ID = 62874]
3. (i) (iii) and (iv) [Option ID = 62873]
4. (i) (ii) and (iv) [Option ID = 62872]
Correct Answer :-
(i) (iii) and (iv) [Option ID = 62873]
Which of the following is a trade deficit
[Question ID = 30679]
1. Saving ? investment [Option ID = 62710]
2. Exports ? imports [Option ID = 62708]
3. Net exports ? 0 [Option ID = 62709]
4. All of these [Option ID = 62711]
Correct Answer :-
All of these [Option ID = 62711]
Which of the following changes would not shift the demand curve for a good or service?
[Question ID = 30662]
1. a change in the price of the good or service [Option ID = 62641]
2. a change in the price of a related good or service. [Option ID = 62643]
3. a change in income [Option ID = 62640]
4. a change in expectations about the future price of the good or service [Option ID = 62642]
Correct Answer :-
a change in the price of the good or service [Option ID = 62641]
Which of the following is not a reason for an idle time variance?
[Question ID = 30734]
1. Illness or injury to worker [Option ID = 62930]
2. Machine breakdown [Option ID = 62929]
3. Wage rate increase [Option ID = 62928]
4. Non-availability of material [Option ID = 62931]
Correct Answer :-
Wage rate increase [Option ID = 62928]
Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes (assumed as an inferior
good) to increase?
[Question ID = 30663]
1. a decrease in the supply of potatoes [Option ID = 62645]
2. a decrease in the incomes of potatoes consumers [Option ID = 62646]
3. an increase in the incomes of potatoes consumers [Option ID = 62647]
4. an increase in the supply of potatoes [Option ID = 62644]
Correct Answer :-
a decrease in the incomes of potatoes consumers [Option ID = 62646]
Which one of the following statement is not TRUE:
[Question ID = 30742]
1. Decision making is part of Planning function [Option ID = 62961]
2. Strategy and Plan are one and the same thing [Option ID = 62960]
3. Strategic management leads towards achieving long term goals [Option ID = 62963]
4. Strategies focus on gaining competitive advantages [Option ID = 62962]
Correct Answer :-
Strategy and Plan are one and the same thing [Option ID = 62960]
12)
13)
14)
15)
16)
17)
Which probability distribution is most likely the appropriate one to use for calculating the probability of the number of autos passing
through a tollbooth.
[Question ID = 30694]
1. Poisson [Option ID = 62770]
2. Normal [Option ID = 62769]
3. Binomial [Option ID = 62768]
4. Insufficient information to decide [Option ID = 62771]
Correct Answer :-
Poisson [Option ID = 62770]
Given the LM curve, a decrease in taxes shifts the IS curve
[Question ID = 30680]
1. Towards right [Option ID = 62713]
2. Towards left [Option ID = 62712]
3. Any of these [Option ID = 62715]
4. Either towards left or right [Option ID = 62714]
Correct Answer :-
Towards right [Option ID = 62713]
The LAC curve is tangent to the lowest point on the SAC curve when the LAC curve is failing [Question ID = 30669]
1. Sometime [Option ID = 62670]
2. None of these [Option ID = 62671]
3. Always [Option ID = 62668]
4. Never [Option ID = 62669]
Correct Answer :-
Never [Option ID = 62669]
In inferential statistics, we study
[Question ID = 30688]
1. How to draw a sample from a population [Option ID = 62744]
2. How to make decisions about mean, median, or mode [Option ID = 62745]
3. All of these [Option ID = 62747]
4. The methods to make decisions about population based on sample results [Option ID = 62746]
Correct Answer :-
The methods to make decisions about population based on sample results [Option ID = 62746]
Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000 [Question ID = 30723]
1. Rs. 2,00,000 [Option ID = 62885]
2. Rs. 2,10,000 [Option ID = 62887]
3. Rs. 1,80,000 [Option ID = 62884]
4. Rs. 1,70,000 [Option ID = 62886]
Correct Answer :-
Rs. 1,70,000 [Option ID = 62886]
Information concerning A Ltd.?s single product is as follows:
Selling price ? Rs. 6 per unit
Variable production cost ? Rs. 1.20 per unit
Variable selling cost ? Rs. 0.40 per unit
Fix production cost ? Rs. 4 per unit
Fix selling cost ? Rs. 0.80 per unit
18)
19)
20)
21)
Budgeted production and sales for the year are 10,000 units
What is the company?s breakeven point: [Question ID = 30731]
1. 10,909 units [Option ID = 62919]
2. 8,000 units [Option ID = 62916]
3. 10,000 units [Option ID = 62918]
4. 8,333 units [Option ID = 62917]
Correct Answer :-
10,909 units [Option ID = 62919]
The Balance of Sinking fund investment account after the realization of investment is transferred to [Question ID = 30718]
1. Profit and loss account [Option ID = 62866]
2. Debenture redemption fund account [Option ID = 62864]
3. Debenture account [Option ID = 62867]
4. Sinking fund account [Option ID = 62865]
Correct Answer :-
Sinking fund account [Option ID = 62865]
Following information is available of XYZ Limited for quarter ended June, 2017 :
Fixed cost Rs. 5,00,000
Variable cost Rs. 10 per unit
Selling price Rs. 15 per unit
Output level 1,50,000 units
What will be the amount of profit earned during the quarter using the marginal costing technique?
[Question ID = 30728]
1. Rs. 2,50,000 [Option ID = 62904]
2. Rs. 7,50,000 [Option ID = 62907]
3. Rs. 5,00,000 [Option ID = 62906]
4. Rs. 10,00,000 [Option ID = 62905]
Correct Answer :-
Rs. 2,50,000 [Option ID = 62904]
The outflow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as [Question
ID = 30717]
1. Capital Expenditure [Option ID = 62862]
2. Deferred Revenue Expenditure [Option ID = 62863]
3. Miscellaneous Expenditure [Option ID = 62860]
4. Revenue Expenditure [Option ID = 62861]
Correct Answer :-
Capital Expenditure [Option ID = 62862]
Unemployment rate is equal to
[Question ID = 30677]
1. Any of these [Option ID = 62703]
2. [Option ID = 62702]
3. [Option ID = 62700]
4. [Option ID = 62701]
Correct Answer :-
22)
23)
24)
25)
26)
27)
[Option ID = 62700]
When demand for loanable funds is given, tax incentives for saving increase the supply of loanable funds, which in turn
[Question ID = 30676]
1. Does not affect interest rate [Option ID = 62697]
2. Increases interest rate [Option ID = 62696]
3. Decreases interest rate [Option ID = 62698]
4. Any of the above [Option ID = 62699]
Correct Answer :-
Decreases interest rate [Option ID = 62698]
When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ___.
[Question ID = 30730]
1. 25% [Option ID = 62914]
2. 20% [Option ID = 62912]
3. 30% [Option ID = 62913]
4. 40% [Option ID = 62915]
Correct Answer :-
25% [Option ID = 62914]
Inter-office-adjustments (net) will appear in the balance sheet of a bank under [Question ID = 30715]
1. both other assets and other liabilities as contra [Option ID = 62855]
2. either other liabilities or other assets [Option ID = 62853]
3. other liabilities only [Option ID = 62852]
4. other assets only [Option ID = 62854]
Correct Answer :-
other assets only [Option ID = 62854]
Apple and Banana are substitutes, Low snowfall in hill areas sharply reduces the apple harvest, that would
[Question ID = 30665]
1. Increase consumer surplus in the market for apple and decrease producer surplus in the market for banana [Option ID = 62652]
2. Increase consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62653]
3. Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
4. Decrease consumer surplus in the market for apple and decrease producer surplus in the market for tea. [Option ID = 62655]
Correct Answer :-
Decrease consumer surplus in the market for apple and increase producer surplus in the market for banana [Option ID = 62654]
On consolidation of Balance Sheet if the total of the fair value of assets acquired is less than the whole purchase consideration then
the differences should be treated as [Question ID = 30713]
1. Profit on acquisition [Option ID = 62846]
2. Goodwill [Option ID = 62847]
3. Negative Goodwill [Option ID = 62845]
4. Loss on acquisition [Option ID = 62844]
Correct Answer :-
Goodwill [Option ID = 62847]
Deglobalisation implies all of the following except: [Question ID = 30736]
1. Reducing interdependence in nation states [Option ID = 62936]
2. A borderless world [Option ID = 62939]
3. Non-integration of economic activities [Option ID = 62937]
4. Reduction in border trade [Option ID = 62938]
28)
29)
30)
31)
32)
33)
34)
Correct Answer :-
A borderless world [Option ID = 62939]
The task of administration of income tax lies with the: [Question ID = 30745]
1. Central Board of Indirect Taxes [Option ID = 62974]
2. Central Board of Direct Taxes [Option ID = 62973]
3. Central Board of Excise and Customs [Option ID = 62972]
4. Ministry of Commerce [Option ID = 62975]
Correct Answer :-
Central Board of Direct Taxes [Option ID = 62973]
The Government of India launched a campaign in the name of ?Make in India? in the year [Question ID = 30735]
1. 2017 [Option ID = 62935]
2. 2015 [Option ID = 62933]
3. 2016 [Option ID = 62934]
4. 2014 [Option ID = 62932]
Correct Answer :-
2014 [Option ID = 62932]
A pattern of variation of a time series that repeats every year is called: [Question ID = 30696]
1. Cyclical [Option ID = 62776]
2. none of these [Option ID = 62779]
3. Secular [Option ID = 62778]
4. Seasonal [Option ID = 62777]
Correct Answer :-
Seasonal [Option ID = 62777]
Scientific Management is closely related with: [Question ID = 30739]
1. Henry Ford [Option ID = 62950]
2. Henry Fayol [Option ID = 62948]
3. AH Maslow [Option ID = 62951]
4. Max Weber [Option ID = 62949]
Correct Answer :-
Henry Ford [Option ID = 62950]
Money stock M1 consists of
[Question ID = 30678]
1. Demand deposit plus time deposit plus currency [Option ID = 62706]
2. Demand deposit plus saving deposit plus currency [Option ID = 62704]
3. Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
4. None of these [Option ID = 62707]
Correct Answer :-
Demand deposit plus traveler?s cheque?s plus currency [Option ID = 62705]
In the long run when aggregate supply curve is horizontal an increase in the aggregate demand leads to [Question ID = 30675]
1. Any of the above [Option ID = 62695]
2. Shift in aggregate demand curve downward [Option ID = 62693]
3. Shift in aggregate demand curve upward [Option ID = 62692]
4. No change in aggregate demand curve [Option ID = 62694]
Correct Answer :-
Shift in aggregate demand curve upward [Option ID = 62692]
Division of labor relates to: [Question ID = 30743]
1. Distribution of work as per the ability of the worker [Option ID = 62966]
2. Distribution of work as per organizational needs [Option ID = 62965]
35)
36)
37)
38)
39)
40)
3. All of these [Option ID = 62967]
4. Equal pay for equal work [Option ID = 62964]
Correct Answer :-
Distribution of work as per the ability of the worker [Option ID = 62966]
Under floating exchange rate regime a monetary expansion will result in
[Question ID = 30682]
1. Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62722]
3. Increase in income but decrease in trade balance exchange rate [Option ID = 62723]
4. Decrease in income and trade balance but increase in exchange rate [Option ID = 62721]
Correct Answer :-
Increase in income and trade balance but decrease in exchange rate [Option ID = 62720]
Glass ceiling relates to: [Question ID = 30740]
1. Equal pay for equal work [Option ID = 62952]
2. Discrimination based on caste [Option ID = 62955]
3. Whistle blowing [Option ID = 62953]
4. Career growth for females [Option ID = 62954]
Correct Answer :-
Career growth for females [Option ID = 62954]
Insurance commission received by the assesse is taxable under the head: [Question ID = 30750]
1. Capital gains [Option ID = 62994]
2. Salaries [Option ID = 62992]
3. Income from other sources [Option ID = 62995]
4. Profits and gains of business or profession [Option ID = 62993]
Correct Answer :-
Income from other sources [Option ID = 62995]
In order to influence spending on goods and services in the short run, monetary policy is directed at directly influencing [Question ID
= 30683]
1. Unemployment rates [Option ID = 62724]
2. Inflation rates [Option ID = 62725]
3. Economic growth rates [Option ID = 62727]
4. Interest rates [Option ID = 62726]
Correct Answer :-
Interest rates [Option ID = 62726]
If an accumulated provision for depreciation account is in use then the entries for the year?s depreciation would be
[Question ID = 30719]
1. Debit Assets Account, Credit Profit and Loss Account [Option ID = 62869]
2. None of these [Option ID = 62871]
3. Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
4. Credit Assets Account, Debit Provision for depreciation account [Option ID = 62868]
Correct Answer :-
Credit Provision for depreciation account, Debit Profit and loss Account [Option ID = 62870]
A 3 percent increase in price of a good causes a 10 percent decrease in quantity demanded. Which of the following statements is most
likely applicable to this good? [Question ID = 30664]
1. The good is a superior good [Option ID = 62649]
2. The good is a giffen good [Option ID = 62651]
3. There are many close substitutes for this good [Option ID = 62650]
4. The good is a necessity [Option ID = 62648]
41)
42)
43)
44)
45)
46)
47)
Correct Answer :-
There are many close substitutes for this good [Option ID = 62650]
Gross Domestic Product at factor cost plus net property income from abroad minus capital consumption is equal to
[Question ID = 30674]
1. Gross national product at factor cost [Option ID = 62689]
2. Gross domestic product at market price [Option ID = 62688]
3. Net national product at market price [Option ID = 62690]
4. Net national product at factor cost [Option ID = 62691]
Correct Answer :-
Net national product at factor cost [Option ID = 62691]
Monica deposits money in a bank paying 16% interest rate compounded quarterly. If she wants to have Rs. 15,000 in her account
after 5 years. How much should she deposit today? [Question ID = 30701]
1. Rs. 7777.77 [Option ID = 62798]
2. Rs. 8040.50 [Option ID = 62797]
3. Rs. 6500.00 [Option ID = 62799]
4. Rs. 6,845.80 [Option ID = 62796]
Correct Answer :-
Rs. 6,845.80 [Option ID = 62796]
The weights of students in a college is a [Question ID = 30687]
1. Continuous Variable [Option ID = 62741]
2. Discrete Variable [Option ID = 62740]
3. Qualitative Variable [Option ID = 62742]
4. Any of these [Option ID = 62743]
Correct Answer :-
Continuous Variable [Option ID = 62741]
A production possibilities frontier shifts outward when [Question ID = 30660]
1. Government increases the amount of money in the economy [Option ID = 62635]
2. The economy experiences economic growth [Option ID = 62633]
3. The economy abandons inefficient production methods in favor of efficient production methods. [Option ID = 62634]
4. The desires of the economy?s citizens change [Option ID = 62632]
Correct Answer :-
The economy experiences economic growth [Option ID = 62633]
In case of rising prices (inflation), FIFO method will: [Question ID = 30724]
1. provide highest value of closing stock and profit [Option ID = 62889]
2. provide highest value of closing stock but lowest value of profit [Option ID = 62890]
3. provide highest value of profit but lowest value of closing stock [Option ID = 62891]
4. provide lowest value of closing stock and profit [Option ID = 62888]
Correct Answer :-
provide highest value of closing stock and profit [Option ID = 62889]
In which of the following cases, clubbing provisions would not be attracted under the income Tax Act? [Question ID = 30754]
1. Remuneration received by the spouse of an individual from a concern in which the individual is having substantial interest, and where the spouse has no
professional knowledge. [Option ID = 63010]
2. Income of a minor child [Option ID = 63009]
3. Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
4. Transfer of Income without transfer of asset [Option ID = 63008]
Correct Answer :-
Income from assets transferred to spouse for adequate consideration [Option ID = 63011]
The threshold for deduction of tax at source on interest income for senior citizens has been raised in the Union Budget 2018 to:
[Question ID = 30753]
48)
49)
50)
51)
52)
53)
1. Rs. 20,000 [Option ID = 63004]
2. Rs. 40,000 [Option ID = 63006]
3. Rs. 50.000 [Option ID = 63007]
4. Rs. 30,000 [Option ID = 63005]
Correct Answer :-
Rs. 50.000 [Option ID = 63007]
If the order of matrix A is m x p. And the order of B is p x n. Then the order of matrix AB is?
[Question ID = 30708]
1. [Option ID = 62824]
2. [Option ID = 62825]
3. [Option ID = 62826]
4. [Option ID = 62827]
Correct Answer :-
[Option ID = 62824]
AS- 6 is not applicable on [Question ID = 30721]
1. All of these [Option ID = 62879]
2. Goodwill [Option ID = 62877]
3. Forests and plantations [Option ID = 62878]
4. Live Stock [Option ID = 62876]
Correct Answer :-
All of these [Option ID = 62879]
When the price of a complement of commodity X rises, the demand for X [Question ID = 30673]
1. Remains unchanged [Option ID = 62686]
2. All of the above are possible [Option ID = 62687]
3. Falls [Option ID = 62685]
4. Rises [Option ID = 62684]
Correct Answer :-
Falls [Option ID = 62685]
When a tax is imposed on the sellers of a good, the [Question ID = 30666]
1. supply curve shifts upward by less than the amount of the tax [Option ID = 62658]
2. supply curve shifts upward by the amount of the tax [Option ID = 62659]
3. demand curve shifts downward by the amount of the tax [Option ID = 62657]
4. demand curve shifts downward by less than the amount of the tax [Option ID = 62656]
Correct Answer :-
supply curve shifts upward by the amount of the tax [Option ID = 62659]
A key understanding to the relationship between hygiene and motivation factors is: [Question ID = 30744]
1. They are interdependent [Option ID = 62968]
2. They are positively related [Option ID = 62969]
3. They are independent [Option ID = 62970]
4. They are additive [Option ID = 62971]
Correct Answer :-
They are independent [Option ID = 62970]
A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells
for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: [Question ID = 30732]
1. 6,000 units [Option ID = 62923]
2. 2,000 units [Option ID = 62920]
3. 3,000 units [Option ID = 62921]
4. 4,000 units [Option ID = 62922]
Correct Answer :-
54)
55)
56)
57)
58)
59)
3,000 units [Option ID = 62921]
Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs. 4.50 per unit. Additional material at Rs.
1.25 per unit was added in process. Labour and overheads were Rs. 6.25 per completed unit and Rs. 2.50 per unit incomplete. If 11,750
completed units were transferred out, what was the closing inventory in Process B? [Question ID = 30725]
1. Rs. 6562.50 [Option ID = 62892]
2. Rs. 25,375.00 [Option ID = 62895]
3. Rs. 14,437.50 [Option ID = 62894]
4. Rs. 12,250.00 [Option ID = 62893]
Correct Answer :-
Rs. 14,437.50 [Option ID = 62894]
A job is budgeted to require 3,300 productive hours including 25% normal idle time. If the total labour cost budgeted for the job is
Rs. 36,300, what is the labour cost per hour?
[Question ID = 30733]
1. Rs. 11.00 [Option ID = 62926]
2. Rs. 14.67 [Option ID = 62927]
3. Rs. 8.80 [Option ID = 62925]
4. Rs. 8.25 [Option ID = 62924]
Correct Answer :-
Rs. 11.00 [Option ID = 62926]
At equilibrium the slope of the indifference curve is
[Question ID = 30671]
1. Equal to the slope of the budget line [Option ID = 62678]
2. Smaller than the slope of the budget line [Option ID = 62677]
3. Either equal or larger than the budget line [Option ID = 62679]
4. Greater than the slope of the budget line [Option ID = 62676]
Correct Answer :-
Equal to the slope of the budget line [Option ID = 62678]
Following information is available of P Ltd. For year ended March, 2017:
4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit
Is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of
abnormal gain to be transferred to Costing P & L will be:- [Question ID = 30729]
1. Rs. 2,000 [Option ID = 62909]
2. Rs. 3,500 [Option ID = 62911]
3. Rs. 2,500 [Option ID = 62908]
4. Rs. 4,000 [Option ID = 62910]
Correct Answer :-
Rs. 2,500 [Option ID = 62908]
Social responsibility is: [Question ID = 30741]
1. None of these [Option ID = 62959]
2. The obligation of an individual to behave in ethical way in society [Option ID = 62956]
3. The obligation of an organization to behave in ethical way [Option ID = 62957]
4. The obligation of a nation to behave in legitimate way in the interest of the society [Option ID = 62958]
Correct Answer :-
Section 30 of the Contract Act 1872, provides for the elements of wagering which does not include: [Question ID = 30758]
1. None of these [Option ID = 63027]
2. There are equal chances of gain or loss [Option ID = 63025]
3. No other interest of the parties is involved [Option ID = 63026]
4. The agreement is dependent on the occurrence of an event [Option ID = 63024]
Correct Answer :-
60)
61)
62)
63)
64)
65)
66)
None of these [Option ID = 63027]
Section 2 (46) of the Companies Act 2013, defines the [Question ID = 30756]
1. Subsidiary company [Option ID = 63016]
2. Holding company [Option ID = 63017]
3. Statutory company [Option ID = 63018]
4. Associate company [Option ID = 63019]
Correct Answer :-
Holding company [Option ID = 63017]
The sum of squares of deviations is least if measured from [Question ID = 30689]
1. Mean [Option ID = 62748]
2. Variance [Option ID = 62751]
3. Median [Option ID = 62750]
4. Mode [Option ID = 62749]
Correct Answer :-
Mean [Option ID = 62748]
The mean of a distribution is 23, the median is 24, and the mode is 25.5. It is most likely that this distribution is [Question ID =
30685]
1. Positive Skewed [Option ID = 62732]
2. Asymptotic [Option ID = 62734]
3. Negatively Skewed [Option ID = 62735]
4. Symmetrical [Option ID = 62733]
Correct Answer :-
Negatively Skewed [Option ID = 62735]
When Amalgamation is the nature of purchase, the accounting method to be followed is [Question ID = 30710]
1. Consolidated method [Option ID = 62835]
2. Purchase Method [Option ID = 62833]
3. Equity Method [Option ID = 62832]
4. Pooling of interest method [Option ID = 62834]
Correct Answer :-
Purchase Method [Option ID = 62833]
_______________ is a summary of all functional budgets in a capsule form. [Question ID = 30727]
1. Flexible Budget [Option ID = 62903]
2. Functional Budget [Option ID = 62900]
3. Master Budget [Option ID = 62901]
4. Long Period Budget [Option ID = 62902]
Correct Answer :-
Master Budget [Option ID = 62901]
The Consumer Price Index is an example of which type of index? [Question ID = 30697]
1. none of these [Option ID = 62783]
2. Simple [Option ID = 62781]
3. Multiple [Option ID = 62782]
4. Composite [Option ID = 62780]
Correct Answer :-
Composite [Option ID = 62780]
67)
68)
[Question ID = 53376]
1. Minimize 6T + 5C [Option ID = 93493]
2. Maximize 120 T + 80 C [Option ID = 93491]
3. Maximize 200 T + 200 C [Option ID = 93490]
4. Maximize T + C [Option ID = 93492]
Correct Answer :-
Maximize 120 T + 80 C [Option ID = 93491]
[Question ID = 30709]
1. Agriculture sector ? 950 units, Industry sector ? 1250 units, 1000 hrs. [Option ID = 62831]
2. Agriculture sector ? 1111 units, Industry sector ? 1000 units, 1500 hrs. [Option ID = 62829]
3. Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
4. Agriculture sector ? 1000 units, Industry sector ? 1333 units, 1200 hrs. [Option ID = 62828]
Correct Answer :-
Agriculture sector ? 1333 units, Industry sector ? 1000 units, 1133 hrs. [Option ID = 62830]
Which of the following would be a necessary constraint in the problem?
[Question ID = 30699]
1. T + C < 180 [Option ID = 62790]
2. T + C < 200 [Option ID = 62788]
3. T + C < 40 [Option ID = 62789]
4. 120T + 80C > 1000 [Option ID = 62791]
69)
70)
71)
72)
73)
74)
Correct Answer :-
T + C < 40 [Option ID = 62789]
[Question ID = 30706]
1. [Option ID = 62817]
2. [Option ID = 62819]
3. [Option ID = 62816]
4. [Option ID = 62818]
Correct Answer :-
[Option ID = 62819]
If MC is above AC and output is rising then [Question ID = 30668]
1. AFC is rising [Option ID = 62667]
2. AVC is failing [Option ID = 62665]
3. AVC is rising [Option ID = 62666]
4. ATC is failing [Option ID = 62664]
Correct Answer :-
AVC is rising [Option ID = 62666]
Find the effective discount rate when nominal rate of discount is 10% compounded continuously. [Question ID = 30702]
1. 9.00% [Option ID = 62800]
2. 9.25% [Option ID = 62801]
3. 10% [Option ID = 62802]
4. 9.52% [Option ID = 62803]
Correct Answer :-
9.52% [Option ID = 62803]
For the Assessment Year 2018-19, the exemption limit for resident individuals aged 60 or above but less than 80 years is:
[Question ID = 30746]
1. Rs. 2,50,000 [Option ID = 62976]
2. Rs. 5,00,000 [Option ID = 62979]
3. Rs. 3,00,000 [Option ID = 62977]
4. Rs. 3,50,000 [Option ID = 62978]
Correct Answer :-
Rs. 3,00,000 [Option ID = 62977]
For a monopolist, the demand law is p = 50 ? x
2
and MC + 1 + x
2
. Determine the consumer?s surplus at the price which the
monopolist would like to fix.
[Question ID = 30707]
1. 29.7 [Option ID = 62823]
2. 30.02 [Option ID = 62822]
3. 28.58 [Option ID = 62820]
4. 26.54 [Option ID = 62821]
Correct Answer :-
28.58 [Option ID = 62820]
Which of the following is not taxable under the head ?Income from other sources?? [Question ID = 30747]
1. Dividend [Option ID = 62980]
2. Winnings from lotteries [Option ID = 62982]
3. Gain from transfer of capital asset [Option ID = 62983]
4. Interest on securities [Option ID = 62981]
75)
76)
77)
78)
79)
80)
81)
Correct Answer :-
Gain from transfer of capital asset [Option ID = 62983]
Which of the following losses is not deductible from business income? [Question ID = 30748]
1. Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
2. Loss of stock-in-trade due to theft. [Option ID = 62985]
3. Loss of stock-in-trade due to destruction by fire. [Option ID = 62984]
4. Loss of raw material or finished goods in transit [Option ID = 62987]
Correct Answer :-
Depreciation of funds kept in foreign currency for capital purposes. [Option ID = 62986]
Which of the following statements regarding residential status of a company is not true? [Question ID = 30751]
1. An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
2. An Indian company is always resident in India. [Option ID = 62996]
3. A foreign company is resident in India if the control and management of its affairs is situated wholly in India during the previous year. [Option ID =
62997]
4. A foreign company is non-resident in India if the control and management of its affairs is situated wholly or partly out of India during the previous year.
[Option ID = 62999]
Correct Answer :-
An Indian company is resident in India only if the control and management of its affairs is situated wholly or partly in India during the previous year.
[Option ID = 62998]
Which of the following statement(s) is/are correct [Question ID = 30695]
1. The value of coefficient of correlation can never be zero. [Option ID = 62773]
2. The two regression coefficients must have same sign [Option ID = 62774]
3. All of these [Option ID = 62775]
4. If coefficient of correlation is 0.80 then 80 percent of variation in dependent variable is explained by independent variable. [Option ID = 62772]
Correct Answer :-
The two regression coefficients must have same sign [Option ID = 62774]
Which of the following is not chargeable to tax under the head ?Income from House Property?? [Question ID = 30752]
1. Rental income received by a tenant from sub-letting [Option ID = 63001]
2. Rental income from a shop [Option ID = 63002]
3. Rental income in the hands of owner [Option ID = 63000]
4. None of these [Option ID = 63003]
Correct Answer :-
Rental income received by a tenant from sub-letting [Option ID = 63001]
Which one of the following statement is not TRUE concerning Limited Liability Partnership [Question ID = 30738]
1. Low compliance cost [Option ID = 62945]
2. Hybrid system of partnership and company [Option ID = 62944]
3. Most suitable for SMEs [Option ID = 62946]
4. Not suitable for services sector [Option ID = 62947]
Correct Answer :-
Not suitable for services sector [Option ID = 62947]
Which one of the following does not drive entrepreneurship: [Question ID = 30737]
1. Profitable model [Option ID = 62943]
2. Bilateral relations [Option ID = 62942]
3. Innovation [Option ID = 62940]
4. Risk taking [Option ID = 62941]
Correct Answer :-
Bilateral relations [Option ID = 62942]
Pre-acquisition profit in subsidiary company is considered as: [Question ID = 30714]
82)
83)
84)
85)
86)
87)
1. Capital profit [Option ID = 62848]
2. None of these [Option ID = 62851]
3. Goodwill [Option ID = 62850]
4. Revenue profit [Option ID = 62849]
Correct Answer :-
Capital profit [Option ID = 62848]
Keynes famous three motives for holding money are [Question ID = 30684]
1. Translation motive, precautionary motive and speculative motive [Option ID = 62729]
2. Transaction motive, precautionary motive and speculative motive [Option ID = 62731]
3. Transaction motive, translation motive and speculative motive [Option ID = 62730]
4. Transaction motive, special motive and speculative motive [Option ID = 62728]
Correct Answer :-
Transaction motive, precautionary motive and speculative motive [Option ID = 62731]
Share capital suspension account is open [Question ID = 30712]
1. When application money is received but balance sheet is prepared before allotment of shares [Option ID = 62842]
2. None of these [Option ID = 62843]
3. When shares are forfeited [Option ID = 62841]
4. When dividend is declared but not paid [Option ID = 62840]
Correct Answer :-
When application money is received but balance sheet is prepared before allotment of shares [Option ID = 62842]
In ?make or buy? decision, it is profitable to buy from outside only when the supplier?s price is below the firm?s own
_______________. [Question ID = 30726]
1. Fixed Cost [Option ID = 62896]
2. Prime Cost [Option ID = 62899]
3. Total Cost [Option ID = 62898]
4. Variable Cost [Option ID = 62897]
Correct Answer :-
Variable Cost [Option ID = 62897]
A loan of Rs. 20000 is to be repaid in certain equal annual installments of Rs. 2470 each reckoning interest at 4% p.a. compound.
Find the number of such installments.
[Question ID = 30705]
1. 11 [Option ID = 62814]
2. 10 [Option ID = 62812]
3. 15 [Option ID = 62815]
4. 9 [Option ID = 62813]
Correct Answer :-
10 [Option ID = 62812]
Fixed cost is a cost: [Question ID = 30722]
1. Which do not change in total during a given period despite changes in output [Option ID = 62882]
2. Which changes in total in proportion to changes in output [Option ID = 62880]
3. Which remains same for each unit of output [Option ID = 62883]
4. Which is partly fixed and partly variable in relation to output [Option ID = 62881]
Correct Answer :-
Which do not change in total during a given period despite changes in output [Option ID = 62882]
A person is said to be of unsound mind for the purpose of making a contract, as per sec 12 of the Contract Act, 1872, if, he is:
[Question ID = 30757]
1. Intoxicated [Option ID = 63022]
2. Lunatic [Option ID = 63020]
3. Idiotic [Option ID = 63021]
88)
89)
90)
91)
92)
93)
4. All of these [Option ID = 63023]
Correct Answer :-
All of these [Option ID = 63023]
A person buys 15 kg of rice, 5 kg of dal and 2 kg of sugar. Rice costs Rs. 10 per kg, dal Rs. 30 per kg, and sugar Rs. 15 per kg.
Representing the quantities bought by a row matrix and the prices by a column matrix, determine the total cost of the commodities
bought by the person.
[Question ID = 30704]
1. Rs. 420 [Option ID = 62810]
2. Rs. 400 [Option ID = 62811]
3. Rs. 350 [Option ID = 62808]
4. Rs. 330 [Option ID = 62809]
Correct Answer :-
Rs. 330 [Option ID = 62809]
In a fixed exchange rate regime, fiscal expansion results in [Question ID = 30681]
1. Increase in income, exchange rate and trade balance [Option ID = 62716]
2. Increase in income and exchange rate but decrease in trade balance [Option ID = 62717]
3. Increase in income and trade balance but no change in exchange rate [Option ID = 62719]
4. Increase in income but no change in exchange rate and trade balance [Option ID = 62718]
Correct Answer :-
Increase in income but no change in exchange rate and trade balance [Option ID = 62718]
According to the Union Budget 2018, the long-term capital gains tax on stocks (in respect of profits exceeding Rs. 1 lakh) has been
announced as: [Question ID = 30749]
1. 15% [Option ID = 62991]
2. 12% [Option ID = 62990]
3. 10% [Option ID = 62989]
4. 8% [Option ID = 62988]
Correct Answer :-
10% [Option ID = 62989]
The term ?price takers? is a characteristic of which of the following markets
[Question ID = 30661]
1. Monopolistic Markets [Option ID = 62639]
2. Monopoly [Option ID = 62636]
3. Oligopoly [Option ID = 62638]
4. Perfectly Competitive Markets [Option ID = 62637]
Correct Answer :-
Perfectly Competitive Markets [Option ID = 62637]
The variance of 5 numbers is 10. If each number is divided by 2, then the variance of new numbers is
[Question ID = 30690]
1. 5 [Option ID = 62753]
2. 2.5 [Option ID = 62754]
3. 20 [Option ID = 62752]
4. Cannot be determined [Option ID = 62755]
Correct Answer :-
2.5 [Option ID = 62754]
Economic profit [Question ID = 30667]
1. Is most often equal to accounting profit [Option ID = 62661]
2. Will always exceed accounting profit [Option ID = 62663]
3. Will never exceed accounting profit [Option ID = 62660]
94)
95)
96)
97)
98)
99)
4. Is always at least as large as accounting profit [Option ID = 62662]
Correct Answer :-
Will never exceed accounting profit [Option ID = 62660]
As per the Companies Act 2013, no person shall be eligible to incorporate or become a nominee in more than ________________ One
Person Company [Question ID = 30755]
1. None of these [Option ID = 63015]
2. One Company [Option ID = 63012]
3. Ten Companies [Option ID = 63014]
4. Two Companies [Option ID = 63013]
Correct Answer :-
One Company [Option ID = 63012]
As per the Section 78 of the companies act 2013 amount collected as premium on securities cannot be utilized for [Question ID =
30711]
1. Buy back of its own shares [Option ID = 62836]
2. Purchase of fixed assets [Option ID = 62837]
3. Writing off preliminary expenses [Option ID = 62838]
4. Premium payable on redemption of shares [Option ID = 62839]
Correct Answer :-
Purchase of fixed assets [Option ID = 62837]
Who is the father of Accounting [Question ID = 30716]
1. Al khawarizmy [Option ID = 62858]
2. AL Mazendarany [Option ID = 62859]
3. Fra luca Picioli [Option ID = 62857]
4. Leonardo da vinci [Option ID = 62856]
Correct Answer :-
Fra luca Picioli [Option ID = 62857]
Vidya?s savings account has a balance of Rs. 2,654.39. The interest rate is 3% compounded monthly. Find the original principal
amount deposited two years ago? [Question ID = 30703]
1. Rs. 2500 [Option ID = 62806]
2. Rs. 2550 [Option ID = 62805]
3. Rs. 2475 [Option ID = 62804]
4. Rs. 2600 [Option ID = 62807]
Correct Answer :-
Rs. 2500 [Option ID = 62806]
Under the sale of Goods Act 1932, the modes of effective delivery includes: [Question ID = 30759]
1. Constructive delivery [Option ID = 63030]
2. All of these [Option ID = 63031]
3. Symbolic delivery [Option ID = 63029]
4. Actual delivery [Option ID = 63028]
Correct Answer :-
All of these [Option ID = 63031]
Stage II of production begins where the AP
L
begins to decline
[Question ID = 30670]
1. Always [Option ID = 62672]
2. Never [Option ID = 62673]
3. None of these [Option ID = 62675]
4. Sometime [Option ID = 62674]
Correct Answer :-
Always [Option ID = 62672]
100) The first moment about means is always [Question ID = 30692]
1. Zero [Option ID = 62763]
2. Positive [Option ID = 62760]
3. 1 [Option ID = 62762]
4. Negative [Option ID = 62761]
Correct Answer :-
Zero [Option ID = 62763]
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This post was last modified on 29 January 2020