- Which one of the following is not a capital expenditure ?
(a) Legal expenses incurred in raising a debenture loan
(b) Compensation paid to adismissed employee
(c) Brokerage paid to the broker at the time of purchase of land
(d) Expenses for pulling down an old structure - It is given that the cost of the stock is Rs.10,000. However, its current market price is Rs. 9,500 (buying) and Rs. 9,000 (selling). If the market price is interpreted in the sense of replacement cost, the stock should be valued at :
(A) Rs. 9,500
(B) Rs.10,000
(C) Rs. 9,000
(D) Rs. 500 - Accounting is generally understood as :
(1) Summarization of business transaction
(2) Language of the business
(3) Source of business information
(4) Means of communication
Select the correct answer using the codes given below :
(a) (1) only
(b) (1) and (2)
(c) (2) and (3)
(d) (1), (2), (3) and (4) - In social accounting, the following are the measuring parameters :
1) Value added statement
2) Employee turnover ratio
3) Savings in foreign exchange
4) Capital output ratio
Which of these statements are correct ?
(a) (1) and (4)
(b) (1) and (2)
(c) (2), (3) and (4)
(d) (1), (2), (3) and (4) - Indian Companies are generally following Human Resource Accounting according to model as suggested by :
(a) Morese
(b) Falmholtz
(c) Lav and Schwartz
(d) W.C. Pyle - The primary function of Stock Exchange is to :
(a) Mobilise savings from the public for long-term investment
(b) Offer a secondary market for shares and other securities
(c) Facilitate barter deals betweenbuyer and seller holding different securities
(d) Enable Reserve Bank of India to trade in Govt. Securities in their efforts to control money supply in the economy - In a contract, where the buyer has a right but not an obligation to exercise his right is termed as :
(a) Future Contract
(b) Option Contract
(c) Forward Contract
(d) Derivatives - Match List I with List II and select the correct answer from the codes given below :
List I (Activities) List II (Associated Organisations) (a) Mutual Fund (1) Stock Exchange (b) Public issue of capital (2) Assets Management Company (c) Forward trading (3) Merchant Banking (d) Option pricing (4) Forex market Codes :
(a) (b) (c) (d)
(b) (2) (3) (1) (4)
(c) (2) (3) (4) (1)
(d) (3) (2) (4) (1)
(e) (3) (2) (1) (4) - When the manager has the responsibility for and authority to make decision that affect costs and revenue but no responsibility for or authority over assets invested in department, the department is referred to as……………….. .
(a) Cost Centre
(b) Profit Centre
(c) Investment Centre
(d) Revenue Centre - Venture Capital provides the service of :
(a) Seed financing
(b) Purchasing a company
(c) Selling a company
(d) Borrowing and lending from the company - In a merger bargain, the exchange ratio is determined on the basis of :
(a) Potential of merging company
(b) Issued capital of the two companies
(c) Market share
(d) Future value of company to the acquirer - Commercial papers are :
(a) Papers transacted at business houses
(b) Papers based for financing
(c) Unsecured negotiable promissory notes
(d) Papers for financial guarantees - American Depository Receipt :
(a) is a Euro dominated negotiable instrument
(b) is a dollar denominated negotiable instrument
(c) it is not a negotiable instrument but a stock in the capital market
(d) is a negotiable instrument traded settled and cleared in Europe - Credit rating can be done by :
(a) CRISIL
(b) an Insurance Company
(c) a Mutual Fund Company
(d) a Chit Fund Company - The term ‘Beta’ is synonymous with :
(a) Unsystematic Risk
(b) Market Risk
(c) Portfolio Risk
(d) Total Risk - The sales oriented concept of marketing is…………… .
(a) Production oriented
(b) Consumer oriented
(c) Promotion oriented
(d) Price oriented - Four P’s (Product, Price, Promotion, Place) of marketing were coined by………………… .
(a) H. Fayol
(b) Peter Drucker
(c) M.C. Carthy
(d) Kotler - Which of the following is not micromarketing?
(a) Societal
(b) Customer
(c) Employees
(d) Company Management - Which is the right order of buying decision process ?
(a) Problem recognition,information search, evaluation of alternatives, purchase decision
(b) Information search, problem recognition, evaluation of alternatives, purchase decision
(c) Evaluation of alternatives,problem recognition, purchase decision, information search
(d) Problem recognition, information search, purchase decision and evaluation of alternatives - Which among the following is not a part of marketing plan ?
(a) Identify marketing objectives
(b) Determining steps in planning
(c) Achieving goals
(d) Product manufacturing - Long chain of distribution is required for which goods ?
(a) Industrial goods
(b) Manufactured goods
(c) Durable goods
(d) Fast moving goods - Which does not include in direct marketing ?
(a) Tele-marketing
(b) e-Mail
(c) Only marketing
(d) Catalogue marketing - Personal factor influencing the buyer behaviour is………………….. .
(a) Life style
(b) Family
(c) Age and life cycle
(d) Fashions - Out of the following which is not the part of product research ?
(a) Quality
(b) Features
(c) Transportation
(d) After sales service - Which is a true statement ?
(a) Buyers and consumers are the same
(b) Online marketing is a part of direct marketing
(c) Social marketing and modern marketing are the same
(d) Micro-environment is uncontrollable - Buyer behaviour is basically …………………….in nature.
(a) Economical
(b) Biological
(c) Social
(d) Cultural - Hawthorne experiments are conducted by……………….. .
(a) Charles Babbage
(b) Henry Fayol
(c) F.W. Taylor
(d) Elton Mayo - …………………….provides written information about the product.
(a) Label
(b) Brand
(c) Trademark
(d) Company Booklet - ……………………….is the starting place of all the marketing activities of an enterprise.
(a) Marketing Research
(b) Marketing Planning
(c) Marketing Survey
(d) Marketing Analysis - Which of the following is not a feature of marketing ?
(a) Integrated Management
(b) Consumer Orientation
(c) Profit Maximization
(d) More Sales - Human Resource Management focuses on utilisation of………………….. .
(a) Physical Resources
(b) Knowledge
(c) Development
(d) Personnel - Which one of the following in the internal factor is an organisation ?
(a) GDP
(b) Political
(c) Customers
(d) Structure - The following is the basic advantage of HRM policy :
(a) Competence
(b) Responsibility
(c) Uniformity
(d) Authority - Job analysis consists of……………………
(a) Job design
(b) Job rotation
(c) Job option
(d) Job description - Fundamentally human resource planning is based on…………………. .
(a) Strategic plan
(b) Personnel
(c) Workforce planning
(d) Job analysis - The main focal thing in recruitment is………………. .
(a) Human resource planning
(b) Job description
(c) Job design
(d) Attracting the applications - The objective of written examination is……………….. .
(a) to measure experience
(b) to measure performance
(c) to measure ability
(d) to pay compensation - Works Committee should be established as per the provisions of the Act of the number of employee’s that is :
(a) 100
(b) 50
(c) 10
(d) 20 - Worker director is a form of the part of…………………. .
(a) Collective Bargaining
(b) Participative Management
(c) Trade Union
(d) Negotiation - What do you mean by ‘fair wage’ ?
(a) Below the minimum wage
(b) Above the living age
(c) Between minimum and livingwage
(d) Average wage - The act of increasing the job knowledge and skills of an employee for doing a job is called………………. .
(a) Development
(b) Performance
(c) Training
(d) Placement - The process through which representatives of employers and employees negotiate regarding wages is known as……………….. .
(a) Grievance
(b) Discipline
(c) Trade Union Activity
(d) Collective Bargaining - ………………………is written record of the duties, responsibilities and conditions of the job.
(a) Job Description
(b) Job analysis
(c) Skills inventory
(d) Human Resource Information System - The term which describes long-term training which includes a combination of both on-the-job and in-class training is :
(a) Mentorship
(b) Computer based Training
(c) Vestibule Training
(d) Apprenticeship - An error of omission when a job description fails to incorporate important aspect of the job required is called :
(a) Contamination
(b) Deficiency
(c) Performance gap
(d) Dropping - Which of the following institutions is working for regional co-operation of nations ?
(a) Asian Development Bank
(b) International Finance Co-operation
(c) World Bank
(d) International Monetary Fund - The SAARC is not established for the following objective :
(a) To develop welfare of South Asian people
(b) To help economical development of South Asian countries
(c) To help industrial development of South Asian countries
(d) To increase the Co-operation among developing countries - The organisation which is promoting free trade is :
(a) World Trade Organisation
(b) International Monetary Fund
(c) World Bank
(d) United Nations Union - Global Depository Receipts (GDR) is denominated in…………………….. .
(a) U.S. Dollar
(b) British Pound
(c) Euro
(d) Rupee - The member countries of the ‘NAFTA’ includes U.S.A., Canada, and……………… .
(a) U.K.
(b) Brazil
(c) Argentina
(d) Mexico - Exporters can reduce their risk by :
(a) Hedging
(b) Arbitrage
(c) Speculation
(d) Arbitrage and Speculation - Which of the following is not the items of Capital Account ?
(a) External Assistance
(b) Disbursement
(c) NRI Deposits
(d) Official Transfer - A company that has a worldwide approach to markets and production is known as :
(a) Multinational enterprises
(b) Multinational efficiency
(c) National undertaking
(d) International company - The forward exchange rate may be quoted at a premium or at a ………………….on the spot rate.
(a) Discount rate
(b) Proposed dividend rate
(c) High price
(d) Market price - Which of the following is not currency ?
(a) Loko
(b) Pound
(c) Lira
(d) Mark - Induced capital movement have great significance from the point of view of formulation of…………………….by a country.
(a) Economic policy
(b) Monetary policy
(c) Fiscal policy
(d) Tax policy - Foreign exchange is supplied by…………………. .
(a) Importers
(b) Exporter
(c) Buyers of fixed assets abroad
(d) Borrowing from abroad - Convertibility means freedom to convert local financial assets into foreign financial assets and vice versa at market determined rate of exchange.
(a) Capital Account
(b) Current Account
(c) Assets Account
(d) Cash Account - Accounting is a function of International Business :
(a) False
(b) True
(c) Cannot say
(d) Partially true - A direct investment is one that gives the invester a controlling interest in a company :
(a) Domestic company
(b) Multinational company
(c) Transnational company
(d) Foreign company - Which of the following income from land situated in India is anagricultural income exempt from tax ?
(a) Sale of sugar manufacturedfrom sugarcane
(b) Income from nurseries
(c) Dividend from a company engaged in agriculture
(d) Income from dairy farming on a large scale - Agricultural income can be taxed either by :
(a) Central Govt.
(b) State Govt.
(c) Local Authority
(d) Central and State Govt. both - The maximum amount on which income tax is not chargeable for AY 2013-14 in case of an Indian Company is :
(a) Rs.2,50,000
(b) Rs.3,00,000
(c) Rs. 5,00,000
(d) Nil - Super Senior Citizen as per Income Tax Act means an individual who has attained the age of :
(a) 60 years
(b) 65 years
(c) 75 years
(d) 80 years - Which of the following income of a Paramveer Chakra Awardee is exempt from tax ?
(a) Basic Salary
(b) Dearness Allowance
(c) House Rent Allowance
(d) Pension - Dividend Distribution tax rate is given by :
(a) Income Tax Act, 1961
(b) Annual Finance Act
(c) Central Board of Direct Taxes
(d) Finance Minister of India - An employee of a University receives Rs.8,00,000 on Voluntary Retirement of a scheme of the University. He is entitled to have exemption of ………………… .
(a) Rs. 5,00,000
(b) Rs. 8,00,000
(c) Rs.2,50,000
(d) Rs. 4,00,000 - Turnover limit for Tax Audit u/s 44AB for AY 14-15 is :
(a) Rs. 10,00,000
(b) Rs.65,00,000
(c) Rs. 40,00,000
(d) Rs.1,00,00,000 - A purchases residential flat in 1990 for Rs. 5 lakhs. Mrs. A succeeds the above flat on the death of A in the year 2000, on which date the market value of the property is Rs. 20 lakhs. Mrs. A sells the above flat in Dec. 2013. Mrs. A will have to adopt for computation of capital gains :
(a) Cost of acquisition Rs. 5 lakhs with indexation from 1990
(b) Cost of acquisition Rs. 5 lakhs with indexation from 2000
(c) Cost of acquisition Rs. 20 lakhs with indexation from 2000
(d) Cost of acquisition Rs. 20 lakhs with indexation from 1990 - Mr. X receives 3 gifts of Rs. 17,000 each from non-relatives aggregating to Rs. 51,000. Gifts are taxable in the hands of Mr. X to the extent of :
(a) Rs. 51,000
(b) Rs.1,000
(c) Rs. 25,000
(d) NIL - Life Insurance premium payment is not eligible for deduction u/s 80C in respect of an individual :
(a) On the life of spouse
(b) On the life of son
(c) On the life of married daughter
(d) On the life of daughter-in-law - The due date for filing income tax returns to a company subject to international transfer pricing audit is……………….. .
(a) 31st July
(b) 30th September
(c) 30th November
(d) 31st December - The aggregate limit for domestic transfer pricing audit requirement is…………………. .(AY 2014-15)
(a) Rs.65 lakhs
(b) Rs.100 lakhs
(c) Rs.500 lakhs
(d) Rs. 2000 lakhs - The tax liability on the total income before remuneration and interest (Rs. 60,000) of a professional firm is Rs. 10,00,000. After considering the deduction permissible u/s 40(b), the tax payable by firm excluding education as will be ………………
(a) Rs. 3,00,000
(b) Rs. 2,82,000
(c) Rs.1,25,000
(d) Rs.85,600 - Rate of interest permissible to a firm on the capital of partners u/s 40(b) is……………… .
(a) 10%
(b) 11%
(c) 12%
(d) 13%