- Cost of intangible fixed assets are______over their useful lives.
(a) Depreciated
(b) Amortised
(c) Charged
(d) Allocated - Consider the following statements with the help of alternatives given below:
Secret reserve serve the purpose of:
(1) Enabling the directors to tide over unfavorable items.
(2) Meeting exceptional losses.
(3) Increasing the working capital.
Which of the following statements are correct.
(a) 1 and 2 are correct
(b) 2 and 3 are correct
(c) 1 and 3 are correct
(d) 1, 2 and 3 are correct - Which one of the following accounting equation if correct?
(a) Assets = Owner’s equity
(b) Assets = Liabilities + Owner’s equity
(c) Assets = Liabilities – Owner’s equity
(d) Assets + Liabilities = Owner’s equity - Financial instruments are useful for:
(a) Creating benefits for Govt.
(b) Providing credit creation for Banks
(c) Mobilization of savings
(d) For creating direct securities - The first attempt to value human beings in monetary term was made by:
(a) William Petty
(b) William C.Pyle
(c) Shultz
(d) Morese - Consider the following statement with the help of alternatives given below:
(1) Professional management
(2) Diversification of risk
(3) Steady appreciation
(4) Lower cost of operation
Which of there statements are correct?
(a) 1,2,3 and 4
(b) 1,2 and 4
(c) 2 and 3
(d) 3 and 4 - The price specified in the option contract which means the underlying asset to be purchased or sold by the buyer/holder is known as:
(a) Strike price
(b) Exercise price
(c) Stock exchange price
(d) Cost price - An investor with a low risk preference should be advise to invest in:
(a) Turn around stocks and aim at short-term gains
(b) Emerging blue chips and aim at medium-term gains
(c) Speculative stocks and aim at short-term gains
(d) Super stocks and aim at long-term gains - The department under which the manager has control over revenuer,expenses and the amount invested in asset centres is known as_______.
(a) Profit centre
(b) Cost centre
(c) Investment centre
(d) Revenue centre - Lease financing is:
(a) A sale of goods to the lessee
(b) It is a hire of goods on rent
(c) It is a transfer of ownership
(d) It is a financing partnership between lessor and lessee - Two companies,X Ltd. and Y Ltd. go into liquidation to form a new company,Z Ltd. It is a case of:
(a) Absorption
(b) External reconstructions
(c) Amalgamation
(d) Demerger - A Certificate of deposit is a:
(a) Fixed deposit in a bank
(b) Short-term negotiable instruments in bearer form
(c) A promissory note to pay a sum of money to the issuer
(d) It is a government treasury bill - Floating rate bonds:
(a) The bonds are issued in small parts of the total bond
(b) These bonds are ‘American Depository Receipt’
(c) These bonds are also called ‘Drop Lock Bonds’
(d) These bonds are also called ‘floating rate notes’ - The process of managing the sales ledger of a client by a financial service company is called:
(a) Forfeiting
(b) Factoring
(c) Leasing
(d) Securitisation of debt - Interest rate risk:
(a) Is also referred to as inflation risk
(b) Is affected by changes in social attitudes
(c) Is affected by changes in lending cycle
(d) Is affected by changes in the business cycle - Which is not a primary buying motive?
(a) Food and Drink
(b) Comfort
(c) Attraction of opposite sex
(d) Lifestyle - Which of the following is not a marketing factor?
(a) Consumer market
(b) Area of market
(c) Durability
(d) No. of customers - The term social marketing refers to__________.
(a) New product development and sales for society
(b) A philosophy that emphasizes on customer value and satisfaction
(c) A Philosophy that stresses on customer delightment in society
(d) A Philosophy that emphasizes on customer satisfaction and welfare of the society at large - Which of the following is not macro-marketing environment?
(a) Economic
(b) Social and Culture
(c) Customers
(d) Technological - ______is the concept of marketing that holds consumer will prefer those products that offer the most quality or performance.
(a) Product concept
(b) Production concept
(c) Selling concept
(d) Consumer-oriented concept - Which of the techniques is not included in marketing control?
(a) ABC Analysis
(b) Marketing Audit
(c) Sales Analysis
(d) Market share Analysis - What does green marketing imply?
(a) It implies marketing of only green colored products
(b) It implies marketing of safe and eco-friendly products
(c) It implies complete ban on chemical products
(d) It implies punishing factory owners - Which ‘P’ is more sensitive in marketing?
(a) Product
(b) Price
(c) Promotion
(d) Place - When any company of one country desires to capture the market of another country on some reasonable and political terms, it is termed as________.
(a) Multiplex Marketing
(b) Mega-Marketing
(c) Re-Marketing
(d) Mini-Marketing - Psycho-analytic theory was introduced by___________.
(a) T. Vebler
(b) S.Freud
(c) Festinger
(d) P.Kotler - Which of the following is marketing research method?
(a) Observation
(b) Questionnaire
(c) Interview
(d) Schedule - Which of the following is right kind of label of a product?
(a) Sales label
(b) Purchase label
(c) Competitor’s label
(d) Brand label - Which statement is not true?
(a) Cyber marketing and E marketing are the same
(b) E-marketing is one of the options of direct marketing
(c) E-marketing is applicable to services only
(d) E-marketing offers high convenience reliability and speed - What is market environment?
(a) Micro-environment
(b) Macro-environment
(c) Cultural environment
(d) Micro-and Macro-environment - Which of the following is not method of selling price?
(a) Marginal cost pricing method
(b) Cost plus pricing method
(c) Break-even pricing method
(d) First-in-First-out pricing method - T-group training is also called as:
(a) Management development
(b) Employment empowerment
(c) Sensitivity training
(d) Team building - Graphic-Rating scale is a method of:
(a) Performance Appraisal
(b) Wage Payment
(c) Participative management
(d) Training - Joint management Council is a form of_______.
(a) Industrial Relation
(b) Trade union
(c) Worker’s Participation in management
(d) Negotiation - To calculate the no. of workers required for various jobs with reference to a planned output is called:
(a) Workload Analysis
(b) Workforce Analysis
(c) Job Analysis
(d) Prediction - Finding out the abilities or skills of employees required to do a job efficiently is called:
(a) Job description
(b) Job specification
(c) Job analysis
(d) Job evaluation - Which function is not included in staffing?
(a) Transfer
(b) Recruitment
(c) Induction and Orientation
(d) Organisation,Planning and Development - In the factories Act no. of workers is permitted to work for more than____hours in a day.
(a) 10
(b) 8
(c) 24
(d) 9 - Which among the following allowances is paid to employees in order to enable them to meet the increasing price of essential commodities?
(a) Bonus
(b) Rent allowance
(c) Increment in salary
(d) Dearness allowance - Remuneration to blue collar workers is called________.
(a) Wage
(b) Salary
(c) Compensation
(d) Payment - The minimum wage rate could be subject to revision of intervals not exceeding______.
(a) 2 years
(b) 4 years
(c) 5 years
(d) 10 years - In incentive payment plan a worker’s pay is determined by_________.
(a) Management
(b) Performance
(c) Seniority
(d) Profits - In a model grievance procedure,the supervisor has to respond against the grievance within____.
(a) 2 days
(b) 3 days
(c) 5 days
(d) 7 days - 360 degree feedback involves appraisals by:
(a) Subordinates
(b) Line manager
(c) Superiors
(d) Any one who is directly in contact with appraiser - Which among the following methods is latest method of performance appraisal?
(a) Confidential report
(b) Essay evaluation
(c) Critical incident techniques
(d) 360 degree and assessment centre - The payment of Gratuity Act was passed in______.
(a) 1948
(b) 1961
(c) 1972
(d) 1965 - _________are also known as Transnational Corporations (TNCs).
(a) Joint ventures
(b) Foreign Institutions
(c) Multinational Corporations(MNCs)
(d) Global firm - _________is not the agreement of World trade Organisation(W.T.O.).
(a) Agreement on Agriculture
(b) Agreement on TRIPS
(c) TRIMS
(d) Agreement on Industry - American Depository Receipts(ADR) are denominated in____________.
(a) U.S. Dollar
(b) Francs
(c) Lira
(d) Euro - ______is for those instruments which are synthetic financial products derived from the real assets or stocks or commodities.
(a) Spot market
(b) Derivative market
(c) Future market
(d) Forward market - _______is not the condition under future contracts.
(a) Delivery is necessary
(b) Price is known in advance
(c) The risk is borne both by buyers and sellers
(d) payment is made on the spot - ________is a joint collaboration in the field of manufacturing, processing and marketing by two or more countries.
(a) Joint venture
(b) MNCs
(c) Mergers and Acquisitions
(d) Foreign Technical Collaborations - FIIs must initially registered with________on the basis of their registration with the regulatory organisation for the stock market in their country of incorporation
(a) RBI
(b) SEBI
(c) Foreign Investment Promotion Board (FIPB)
(d) Controller of Capital Investment (CCI) - The NAFTA commenced operations from_____.
(a) January 1994
(b) November 194
(c) 1990
(d) June 1997 - The ASEAN includes Brunies,Indonesia,Malaysia,Philippines,Singapore,Thailand,Vietnam,Myanmar and__________.
(a) Bangladesh
(b) Pakistan
(c) China
(d) Cambodia - _______coordinates and monitor the implementation of SAARC programmes.
(a) Council of Ministers of SAARC
(b) Standing Committee of SAARC
(c) SAARC Secretariat
(d) Programming Committee of SAARC - Current account convertibility process was completed by__________In India.
(a) August 1995
(b) January 1994
(c) June 1993
(d) July 1991 - Chairman of committee on capital account was______.
(a) S.S. Tarapore
(b) Y.V. Reddi
(c) Kelkar
(d) Raghuram Rajan - Foreign exchange rate is determined by demand for and supply of foreign exchange in the market,according to______.
(a) Mint parity theory
(b) Purchasing power parity theory
(c) Balance of payments theory
(d) Forex Market - The committee on capital account convertibility laid down three precondition
(1) Fiscal consolidation
(2) a mandated inflation target
(3) __________________–
(a) Strengthening of the financial sector
(b) Reducing current account deficit
(c) Strengthening industrial sector
(d) 8% growth of G.D.P. - Physical delivery of foreign exchange has to take place in case of__________.
(a) Spot market
(b) Option market
(c) Future market
(d) Forward market - Which of the following receipts from agricultural operations is chargeable to tax?
(a) Land situated in Andaman Island used for agricultural operations
(b) Land situated in Lakshadweep
(c) Land situated in Ladakh region
(d) Land situated in Sri Lanka used for agricultural operations - Which of the following companies is not an Indian company, as per Income Tax Act,1961?
(a) Tata Motors Ltd.
(b) Vodafone India Ltd.
(c) Branch of Citi Bank NA
(d) Life Insurance Corporation of India established under LIC Act,1956 - The maximum amount on which income tax is not chargeable for A.Y.2013-14 in case of a cooperative society is:
(a) Rs. 2,50,000
(b) Rs. 10,000
(c) Rs. 1,00,000
(d) Nil - Minor as per Income Tax Act means an individual who has not completed the age of _____years.
(a) 15
(b) 18
(c) 21
(d) 25 - X is entitled to children education allowance of Rs. 200 p.m. for 3 children,including a twin. The exempt amount is:
(a) Rs. 7,200
(b) Rs. 2,400
(c) Rs. 4,800
(d) Rs. 3,600 - Rates of taxes deduction at source from payment to non-resident are given by:
(a) Income tax Act,1961
(b) Annual finance Act
(c) Central Board of Direct Taxes
(d) Finance Minister of India - Rebate u/s 87A is available to an individual whose total income is below________.
(a) Rs. 2,50,000
(b) Rs. 3,00,000
(c) Rs. 5,00,000
(d) Rs. 10,00,000 - The aggregate limit for the deduction for interest on housing loan used for purchase and repairs of a self-acquired house property for A.Y.14-15 is___________.
(a) Rs.30,000
(b) Rs.1,50,000
(c) Rs.1,80,000
(d) No limit - A purchased 100 equity shares of a listed company in Dec.2012 for Rs.50,000. He receives 100 bonus shares of that company in Feb.2014. He sells all 200 shares through stock exchange in Dec.2014 For Rs.60,000. the taxable capital gains will be:
(a) Rs. 10,000
(b) Rs. 30,000
(c) Rs. 5,000
(d) Nil - X, HUF receives a gift of Rs. 51,000 from a relative of Mr.X the taxable amount is_____.
(a) Rs. 51,000
(b) Rs. 1,000
(c) Rs. 25,000
(d) Nil - Deduction u/s 80 TTA is available in respect of interest earned from bank on_____.
(a) Saving Account
(b) Fixed Deposit Account
(c) Recurring deposit account
(d) Cash certificate - The due date for filing income tax returns to a company subject to domestic transfer pricing audit is_____.
(a) 31 st July
(b) 30th September
(c) 30 Novenber
(d) 31st December - The companies carrying on business are required to file their return of income in form No._____.
(a) ITR -1
(b) ITR -2
(c) ITR -5
(d) None of the above - Deduction u/s 80E in respect of payment of interest on education loan is available to education beyond________.
(a) 10th Standard
(b) 12th Standard
(c) Graduation
(d) Primary education - X owns two houses. Both are self-occupied. What is the limit for interest deduction on having loan in respect of deemed let out of property? (A.Y.2014-15)
(a) Rs. 30,000
(b) Rs.1,50,000
(c) Rs.2,00,000
(d) No limitAnswer Key
1 (b) 2 (c) 3 (b) 4 (c) 5 (a) 6 (a) 7 (a) 8 (a) 9 (c) 10 (d) 11 (c) 12 (b) 13 (d) 14 (b) 15 (c) 16 (d) 17 (c) 18 (d) 19 (c) 20 (a) 21 (a) 22 (b) 23 (b) 24 (b) 25 (b) 26 (d/a/b/c) 27 (d) 28 (c) 29 (d) 30 (d) 31 (c) 32 (a) 33 (c) 34 (a) 35 (c) 36 (d) 37 (d) 38 (d) 39 (a) 40 (c) 41 (b) 42 (a) 43 (d) 44 (d) 45 (c) 46 (c) 47 (d) 48 (a) 49 (b) 50 (d) 51 (a) 52 (b) 53 (a) 54 (d) 55 (c) 56 (b) 57 (a) 58 (b/c) 59 (a) 60 (a) 61 (d) 62 (d) 63 (b/d) 64 (b) 65 (b) 66 (b) 67 (c) 68 (b) 69 (a) 70 (d) 71 (a) 72 (c) 73 (d) 74 (b) 75 (d)