H-TET 2022
- 91. The entire life of the firm is divided into time intervals for the measurement of the profit of the business, is called as :
[1] Cost concept
[2] Going concern concept
[3] Accounting period concept
[4] Realization concept - 92. The ratio in which the continuing partners have acquired the share from the retiring or deceased partner, is called :
[1] Debt-equity Ratio
[2] Liquidity Ratio
[3] Current Ratio
[4] Gaining Ratio - 93. Leverage or capital structure ratios are also known as :
[1] Long-term solvency ratios
[2] Short-term solvency ratios
[3] Return on capital employed
[4] Current ratio - 94. On dissolution of a firm liabilities are transferred to :
[1] Bank Account
[2] Reserve and Surplus Account
[3] Cash Account
[4] Realization Account - 95. If the benefit of expenditure extends upto only for one accounting period, it is called :
[1] Capital Expenditure
[2] Revenue Expenditure
[3] Noting Charges
[4] Underwriting - 96. State Bank of India desires to redeem 5,000, 10% debentures of
` 1,000 each at par out of available sufficient divisible profits. In this case, how much amount should be transferred to debentures redemption reserve A/c as per requirement under Section 71(4) of Indian Companies Act, read with rule 18(7) of a banking company ?
[1] ` 50,00,000
[2] ` 7,50,000
[3] ` 12,50,000
[4] Zero - 97. Read the statements carefully and choose a correct option given below :
Statement I : Capital Expenditures and Revenue Expenditures both are non-recurring by Nature.
Statement II : Capital Expenditures increase earning capacity of business whereas Revenue Expenditures are incurred to maintain earning capacity.
[1] Only statement I is correct.
[2] Only statement II is correct.
[3] Both statements are correct.
[4] Both statements are incorrect. - 98.n In which activity all profits of a company are not distributed amongst the shareholders as dividend, but a part of the profits is retained or re-invested in the business ?
[1] Capital Distribution
[2] Ploughing back of profits
[3] Liquidity Distribution
[4] Profitability Distribution - 99. A company issues 1000 debentures of ` 100 each at a discount of 6% and the debenture are to be repaid by equal installments of ` 20,000 at the end of each year, starting from first year, which amount of discount is written off at the end of first year ?
[1] ` 6,000
[2] ` 2,000
[3] ` 1,200
[4] ` 1,600 - 100. The study of mutual relationship between different components or their totals of the financial statements for a definite period of time is called :
[1] Horizontal or Dynamic analysis
[2] Vertical or Static analysis
[3] Internal analysis
[4] External analysis - 101. ‘A’ does not keep proper accounting records of his business. He gives the following information, what will be profit or loss for the year ?
[1] ` 85,000
[2] ` 1,85,000
[3] ` 35,000
[4] ` 3,15,000 - 102. Representation of various factors affecting net profit and capital employed by a chart known as :
[1] Standard and Poor Chart
[2] NYSE Chart
[3] Break-even Chart
[4] Du-pont Chart - 103. Working capital of a company is
` 21,28,000 and total debts are
` 42,50,000. If the company’s long term debts are ` 27,30,000, then current ratio will be :
[1] 0.78 : 1
[2] 1.4 : 1
[3] 1.14 : 1
[4] 2.4 : 1 - 104. Which ratio indicates the firm’s capacity to pay long-term debts and procure additional loans and informs whether the firm is following the policy of trading on equity ?
[1] Proprietary ratio
[2] Debt-equity ratio
[3] Return on shareholder’s funds
[4] Debt-service ratio - 105. Read the statements carefully and choose a correct option given below :
Statement I : Depreciation must be charged so as to ascertain true profit or loss of the business.
Statement II : When market value of an asset is higher than book value, depreciation is not charged.
[1] Only statement I is correct.
[2] Only statement II is correct.
[3] Both statements are correct.
[4] Both statements are incorrect. - 106. Petty cash book is maintained for recording ………… .
[1] Petty incomes only
[2] Petty expenses paid in cash
[3] Petty incomes received in cash only
[4] Petty incomes and petty expenses - 107. Read the statements carefully and choose a correct option given below :
Statement I : Passbook is the statement of account of the customer maintained by the bank.
Statement II : A business firm periodically prepares a bank reconciliation statement to reconcile the bank balance as per the cash book with the passbook as these to show different balances for various reasons.
[1] Only statement I is correct.
[2] Only statement II is correct.
[3] Both statements are correct.
[4] Both statements are incorrect. - 108. The current liabilities of XYZ Co. Ltd. are ` 1,50,000. Its current ratio is 3 : 1 and liquid ratio is 1 : 1. The value of stock will be :
[1] ` 4,50,000
[2] ` 1,50,000
[3] ` 3,00,000
[4] Can not be computed - 109. The ability of the business to pay the amount due to stakeholders as and when it is due is known as :
[1] Solvency
[2] Liquidity
[3] Profitability
[4] Liquidity-Profitability Equilibrium - 110. When a partner has agreed to undertake the dissolution work for an agreed remuneration bear the realization expenses, then what will be the journal entry if payment of realization expenses is made by the firm ?
[1] Bank A/c Dr.
To Realization A/c
[2] Partners Capital A/c Dr.
To Bank A/c
[3] Realization A/c Dr.
To Bank A/c
[4] Bank A/c Dr.
To Partner’s Capital A/c - 111. While preparing cash flow statement of financial enterprise, interest and dividend received should be classified as ………….. .
[1] Operating activity
[2] Financing activity
[3] Investing activity
[4] Business activity - 112. A limited has agreed to pay purchase price of building ` 2,20,000, half the payment was made in cash and remaining half by issue of 9% debentures of ` 100 each at a premium of 10%. How much debentures will be issued for paying purchase amount ?
[1] 1000
[2] 1100
[3] 2000
[4] 2200 - 113. Which statement is true for Receipt and Payment Account ?
[1] It includes depreciation.
[2] It does not includes depreciation.
[3] It has no opening balance.
[4] It include income and expenditure items related only to the current period. - 114. The expenses that are incurred in connection with the formation of a company are called :
[1] Capital Expenditure
[2] Preliminary Expenses
[3] Expenses on Issue of Shares and Debentures
[4] Revenue Expenditure - 115. The recurring grants in the form of maintenance grant is treated as :
[1] Capital Receipts
[2] Donations
[3] Revenue Receipts
[4] Endowment Fund - 116. Which ‘Hundi’ is similar to ‘Demand Bill’ ?
[1] Darshani Hundi
[2] Shahjog Hundi
[3] Muddati Hundi
[4] Jawabee Hundi - 117. From the following, which statement in not true for bill of exchange?
[1] It is drawn by the debtor.
[2] It is drawn by the creditor.
[3] It contains an order to make payment.
[4] It requires acceptance by the drawee or someone else on his behalf. - 118. Kaushal and Gulab are partners in a firm sharing profits in the ratio of 5 : 3. They admit Raju as a new partner for 1/7 share in the profit. The new profit sharing ratio will be 4 : 2 : 1. The sacrificing ratio of Kaushal and Gulab will be :
[1] 3 : 5
[2] 5 : 3
[3] 4 : 2
[4] 1 : 7 - 119. A company forfeited 200 shares of Rs.100 each, Rs.70 called-up share, on which the shareholder paid Rs.50 per share. These shares were reissued at Rs.80 fully paid-up per share. The share forfeited account will be debited in the reissue entry with:
[1] ` 6,000
[2] ` 4,000
[3] ` 10,000
[4] ` 16,000 - 120. In which system, the monitory effect of a transaction is taken into account in the period in which they are earned rather than in the period in which cash is actually received or paid by the enterprise ?
[1] Cash Basis System
[2] Accrual Basis System
[3] Economic Basis System
[4] Circular flow of Money System - 121. The opinion and belief segment of an attitude is :
[1] Affective component
[2] Behavioural component
[3] Feeling component
[4] Cognitive component - 122. The Foreign Trade (Development and Regulation) Act, 1992 replaced which of the following Acts ?
[1] Import and Export (Control) Act, 1947
[2] Export Regulation Act, 1962
[3] Import Development Act, 1952
[4] Both [2] and [3] - 123. A principle of enlightened marketing that requires that a company seek real product and marketing improvements :
[1] Customer-value marketing
[2] Innovative marketing
[3] Sense of mission marketing
[4] Consumer-oriented marketing - 124. Banking and Insurance are which type of industries ?
[1] Genetic industries
[2] Secondary industries
[3] Tertiary industries
[4] Manufacturing industries - 125. Staff authority works as :
[1] a chain of command
[2] a channel of communication
[3] a carrier of responsibility
[4] advice of certain matters - 126. Which one of the following is not an element of communication process ?
[1] Encoding
[2] Channel
[3] Receiver
[4] Measurement - 127. A partnership deed generally do not include which of the following?
[1] Name of firm
[2] List of employees of firm
[3] Duration of business
[4] Procedure for dissolution of the firm - 128. “Invisible” in the balance of payments account refer to :
[1] Goods transaction
[2] Service transaction
[3] Capital transaction
[4] Export promotion - 129. An organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers :
[1] Consumerism
[2] Environmentalism
[3] Sustainability
[4] Citizenship - 130. A temporary pricing in which company sells products below the list price, and sometimes even below cost to increase shortrun sales :
[1] Promotional pricing
[2] Temporary pricing
[3] FOB-origin pricing
[4] Geographical pricing - 131. “Money is what money does” this definition of money was given by :
[1] Walker
[2] Hawtrey
[3] Crowther
[4] Keynes - 132. Who has given the concept of ‘POSDCORB’ ?
[1] Ralph Davis
[2] E. F. L. Brech
[3] Koontz
[4] Luther Gulick - 133. Process of organizing include :
[1] Developing premises
[2] Setting objectives
[3] Assignment of duties
[4] Selecting an alternative - 134. When was GATT established ?
[1] 1947
[2] 1948
[3] 1995
[4] 1903 - 135. Interest rate and inflation rate are included under which factor of business environment :
[1] Economic environment
[2] Social environment
[3] Legal environment
[4] Technological environment - 136. Which of the following is included in Fayol’s principles of management ?
[1] Harmony, not discord
[2] Cooperation, not individualism
[3] Development of each and every person
[4] Unity of command - 137. The organizational structure, most suitable for large organizations having diversified activities, is :
[1] Divisional structure
[2] Functional structure
[3] Managerial structure
[4] Formal structure - 138. Which one of the following is the characteristics of transactional leader ?
[1] Inspirational motivation
[2] Management by exception
[3] Idealized influence
[4] Intellectual stimulation - 139. Internal elements that may interfere with the company’s ability to achieve its objectives is :
[1] Strength
[2] Weakness
[3] Opportunity
[4] Threats - 140. ………….. occurs if a given percentage increase in all inputs results in a smaller percentage increase in output.
[1] Decreasing returns to scale
[2] Increasing returns to scale
[3] Constant returns to scale
[4] Output elasticity - 141. Which one of these can be delegated ?
[1] Power
[2] Authority
[3] Responsibility
[4] Accountability - 142. Who determines the Cash Reserve Ratio ?
[1] Central bank
[2] Market taxes
[3] Commercial banks
[4] Government - 143. “Efficiency through work simplification and standardization”, is focused by :
[1] Taylor
[2] Fayol
[3] Simon
[4] Bernard - 144. The secretariat of the Association of SAARC is situated at :
[1] New Delhi, India
[2] Mumbai, India
[3] Kathmandu, Nepal
[4] Geneva, Switzerland - 145. What type of a bank is Import- Export bank ?
[1] Commercial bank
[2] Cooperative bank
[3] Central bank
[4] Specialised bank - 146. Among the following sources, which one is an internal recruitment source ?
[1] Direct recruitment
[2] Recommendations of employees
[3] Advertisement
[4] Transfers