Maharastra Set Commerce 2017 – April III

  1. Addition of a new product line in a company is_________.
    (a) Diversification
    (b) Vertical integration
    (c) Horizontal integration
    (d) Geographic expansion
  2. Which Act was replaced with the introduction of competition Act 2001?
    (a) FERA
    (b) MRTP
    (c) POTSA
    (d) FEMA
  3. __________is a single act of comparison and learning for organisation improvement.
    (a) Benchmarking
    (b) Feedback
    (c) Ranking
    (d) Job evaluation
  4. Low income economies are sometimes referred to as___________.
    (a) First world economies
    (b) Second world economies
    (c) Third world economies
    (d) Fourth world economies
  5. On retirement of a partner,continuing partners gain in terms of__ratio.
    (a) Gaining
    (b) Capital
    (c) Profit sharing
    (d) Sacrificing
  6. Profit on re-issue of forfeited shares is transferred to_________________.
    (a) Profit and Loss Account
    (b) Capital Reserve Account
    (c) Profit and Loss Appropriation Account
    (d) General Reserve Account
  7. An investment centre can be evaluated by__________.
    (a) profit
    (b) Return on turnover
    (c) Present value of investment
    (d) Return on investment
  8. The main purpose of cost accounting is to_______.
    (a) Assist the management in decision-making
    (b) Maximise profits and minimise losses
    (c) Comply the norms issued by the Government of India from time to time
    (d) Prepare cost accounts in line with the accounting standards
  9. An indifference curve is usually convex to the origin because of:
    (a) Increasing marginal rate of substitution
    (b) Diminishing marginal rate of substitution
    (c) Constant marginal rate of substitution
    (d) Variable marginal rate of substitution
  10. (AC – AVC) into Output is:
    (a) TC
    (b) TFC
    (c) TVC
    (d) AFC
  11. The product sold by rival firms in monopolistic competition are:
    (a) Perfectly complementary
    (b) Perfectly substitutes
    (c) Complementary
    (d) Close substitutes
  12. When AR of a firm is above its AC then:
    (a) The firm will earn super-normal profits
    (b) The firm will achieve break-even point
    (c) The firm will earn normal profits
    (d) The firm will suffer losses
  13. A study of entire population is called as__________.
    (a) Census
    (b) Sample survey
    (c) Pilot survey
    (d) Random survey
  14. If a random variable X follows Poisson distribution such that P(X=1)=(X=2),than the mean of X is)_____.
    (a) 1
    (b) 2
    (c) 3
    (d) 4
  15. A certain quantity is a total of certain number of components then we use________diagram to represent it.
    (a) Bar
    (b) Line
    (c) Pie
    (d) Multiple Bar
  16. If P(A)=5P(A),then P(A)=________.
    (a) 5
    (b) 1/5
    (c) 5/6
    (d) 1/6
  17. ____is a step in the process of controlling.
    (a) Matching the actual performance with the standard set
    (b) Developing feed forward control
    (c) Organising delegation of authority
    (d) Working out span of management
  18. Decision-making requires:
    (a) Designing organisation structure
    (b) Decentralisation of authority
    (c) Unity of command
    (d) Planning
  19. Effective leadership particularly depends on:
    (a) Organisation structure
    (b) Situation
    (c) Span of Control
    (d) Programme design
  20. Motivation does not necessarily depend on:
    (a) Motive
    (b) Superior
    (c) Organisation structure
    (d) Opportunity to fulfill social needs
  21. Societal marketing concept gives more importance to _______.
    (a) Customer satisfaction
    (b) Profits for the company
    (c) Domination of competitors
    (d) Welfare and well-being of the society
  22. A person’s consistently favourable or unfavourable evaluation,feeling and tendencies towards an object or idea is called as_______.
    (a) Motive
    (b) Attitude
    (c) Belief
    (d) Perception
  23. Which statement of the following is not correct?
    (a) Green consumers purchase the products which are eco-friendly
    (b) Green consumers purchase the products which are packed in green colored papers only
    (c) Green consumers purchase the products which are re-cycle products
    (d) Green consumers purchase the products which are not prepared from threatened species
  24. In new product is launched on trial basis in a small geographical area,it is called as_____.
    (a) Test marketing
    (b) Product marketing
    (c) Company testing
    (d) Policy testing
  25. Which of the following factors does not influence a dividend policy?
    (a) Liquidity position of a company
    (b) Market value of share
    (c) Legal restrictions
    (d) Size of business
  26. From the following information,calculate the combined leverage:
    Sale Rs. 10,00,000
    Variable cost Rs.4,00,000
    Fixed cost Rs.2,00,000
    Interest Rs. 40,000
    Tax rate @ 30%
    (a) 1.67
    (b) 1.50
    (c) 1.11
    (d) 1.35
  27. Capital structure designing has nothing to do with___.
    (a) Profitability
    (b) Flexibility
    (c) Corporate Governance
    (d) Liquidity
  28. According to D/P approach,if the market price of equity shares of a company (face value Rs.10) is Rs.15 and dividend rate is @ 20%,cost of equity shares will be_____.
    (a) 20%
    (b) 15%
    (c) 13.3%
    (d) 12.5%
  29. When a manager follows an interview guide but also asks other questions,what type of interview is being used by him?
    (a) A structured interview
    (b) A semi – structured interview
    (c) An unstructured interview
    (d) An open interview
  30. Provision relating to strike and lock -out in industrial organisations are there in the:
    (a) Payment of Wages Act
    (b) Industrial Disputes Act
    (c) Minimum wages Act
    (d) Factories Act
  31. Which of the following is not included in the model for formulating a career strategy?
    (a) Assessment of personality traits
    (b) Implementation of the career plan
    (c) Long-range personal and professional goals
    (d) Personal profile
  32. Leading human resources is the process of influencing the activities of an individual or a group in efforts towards goal achievement in given___________.
    (a) Structure
    (b) Situation
    (c) Organisation
    (d) Culture
  33. Which of the following is not a principal of bank lending?
    (a) Collective responsibility
    (b) Liquidity
    (c) Security
    (d) Profitability
  34. Which of the following is not induced in three pillars of BASEL capital accord?
    (a) Minimum capital requirement
    (b) Supervisory review
    (c) Market discipline
    (d) Core banking solutions
  35. What is full form of CTS?
    (a) Call trade system
    (b) Cheque truncation system
    (c) Cheque transmission system
    (d) Cheque transport system
  36. Which of the following sectors does not come under the perview of IDBI for term lending?
    (a) Defence equipmetns
    (b) Informatics
    (c) Health care
    (d) Storage and distribution of energy
  37. All those financial resource and facilities which are available to the monetary authorities of countries disbursements are called as:
    (a) Global funds
    (b) International funds
    (c) International liquidity
    (d) International capital
  38. Special Drawing Rights issued by IMF are components of:
    (a) Foreign investment flows
    (b) International liquidity
    (c) International institutional investments
    (d) International capital
  39. Which of the following is not true with reference to WTO?
    (a) It is am organisation
    (b) It is permanent in nature
    (c) It has dispute settlement mechanism
    (d) It deals with only trade in goods
  40. The Asian development bank (ADB) is:
    (a) Multilateral trade Organisation
    (b) Global investment Organisation
    (c) Regional finance institution
    (d) Export finance bank
  41. Accounting standard 28 is related with_______.
    (a) Cash flow statement
    (b) Valuation of inventories
    (c) Impairment of assets
    (d) Earning per share
  42. A department in which manager has control over revenues, expenses and investment in assets is called as_______.
    (a) Profit centre
    (b) Cost centre
    (c) Revenue centre
    (d) Investment centre
  43. On listing of the stock exchange,securities can be made easily_______.
    (a) Transferable
    (b) Affordable
    (c) Refundable
    (d) Profitable
  44. Open ended mutual funds are traded at their__________.
    (a) Net Asset value
    (b) Gross asset value
    (c) Net realisable value
    (d) Net Book value
  45. Which of the following is not a speculation in the stock exchange?
    (a) Bull
    (b) Broker
    (c) Bear
    (d) Stag
  46. Commercial paper represents a financial instrument issued for the purpose of ________.
    (a) Project financing
    (b) Leasing of a plant
    (c) Working capital
    (d) Import of capital goods
  47. A factoring arrangement used in the international trade finance by exporter who export their goods is called____________.
    (a) Forfeiting factoring
    (b) Limited factoring
    (c) Conventional factoring
    (d) Recourse factoring
  48. Modern marketing concept is________.
    (a) Suppliers
    (b) Consumers
    (c) Dealers
    (d) Distribution
  49. Since the implementation of liberalisation policy in India, there has been a shift from_____market situation to buyers’ market situation in case of several types of consumer products.
    (a) Private
    (b) Public
    (c) Sellers’
    (d) Competitors
  50. Patronage motive is a motive which induces a person to buy______.
    (a) From a particular shop
    (b) On the basis of product features
    (c) On the basis of product pricing
    (d) On the basis of product packaging
  51. Discouraging the demand for a product or service is referred as________.
    (a) E-marketing
    (b) Demarketing
    (c) Remarketing
    (d) Micro-marketing
  52. Green washing refers to outwardly adopting green acts with an underlying purpose of____.
    (a) Satisfying the consumers
    (b) Exploiting the employees
    (c) Increasing the profit
    (d) Decreasing the profit
  53. While selling a motor car,the role of________in a family is the most important role for marketers.
    (a) Initiator
    (b) Influencer
    (c) Decider
    (d) User
  54. In case of marketing research,which of the following is not a source of secondary data?
    (a) Books and periodicals
    (b) Government reports
    (c) Internet websites
    (d) Telephonic survey
  55. Which of the following is not the advantage of recruitment from within?
    (a) Stability from continuity of employment ensured
    (b) Creation of sense of security among employees
    (c) Enhancing the genera moral of employees
    (d) Varied and broader experience
  56. _____may be defined as the amount for conveniences and necessaries of life that a worker obtains for a given period of his/her work.
    (a) Real wage
    (b) Living wage
    (c) Fair wage
    (d) Minimum wage
  57. Usually manpower planning in the context of an enterprises human resources does not as such focus on_________.
    (a) Acquisition
    (b) Utilisation
    (c) Social skills
    (d) Improvement
  58. Which one of the following is fast emerging as a very serious problem in the wider of human resource management?
    (a) Inadequacy of right type of manpower
    (b) Employee alienation
    (c) Lack of adequate professional approach
    (d) Role of trade unions
  59. Which one of the following is not a purpose of transfer?
    (a) To rectify erroneous placement
    (b) To provide creative opportunity
    (c) To move the employee in the interests of his/her health &/er age
  60. When an employee has few_________.he/she has high morale.
    (a) Perceptions
    (b) Frustrations
    (c) Dissonances
    (d) Failures
  61. Find the odd one out:
    Some of the types of formalised programmes of training are:
    (a) Job rotations
    (b) Job enlagement
    (c) Job enrichment
    (d) Fulfilment of esteem needs
  62. IMF performs the role of:
    (a) Granting soft loans to less developed countries
    (b) Regulate international trade
    (c) Promote private investments
    (d) Promote exchange stability by establishing multilateral system of payment
  63. To quality for free trade or reduce tariff under NAFTA, the North American content in production value needs to be:
    (a) 25%
    (b) 75%
    (c) 50%
    (d) 40%
  64. If the rate of exchange is allowed to be ferrly determined is allowed to be freely deternined by demand  and supply in foreign exchange market, it is called as:
    (a) Fixed exchange rate
    (b) Gold standard
    (c) Flexible exchange rate
    (d) Rigid exchange rate
  65. Because of its low rate of interest and easy terms of repayment, IDA is nicknamed as:
    (a) Friend of LDCs
    (b) Soft loan corridor
    (c) Soft loan window
    (d) Soft banker
  66. Which of the following is not a part of IMF member countries quota to the capital base of IMF?
    (a) Contribution in widely accepted foreign currencies
    (b) SDRs
    (c) Member countries own currency
    (d) Gold
  67. Which of the following member countries was last to join SAARC ?
    (a) India
    (b) Afganistan
    (c) Pakistan
    (d) Nepal
  68. Which of the following statements is true?
    (a) WTO is replaced by GATT
    (b) IMF is replaced by WTO
    (c) GATT is replaced by WTO
    (d) WTO is replaced by IMF
  69. A status of foreign citizen working in India during the previous year for 180 days is_____.
    (a) Resident and ordinary resident
    (b) Resident but not ordinary resident
    (c) Non – Resident
    (d) Foreign citizen
  70. A motor car having 1800cc engine capacity, provided by an employer to employee for official purpose only is value as perquisite at:
    (a) Rs.2,400 p.m.
    (b) Rs.1,800 p.m.
    (c) Rs.600 p.m.
    (d) NIl
  71. deduction U/S 80 TTA of income Tax,Act,1961,towards interest on saving bank account is limited to______.
    (a) Rs. 30,000
    (b) Rs. 1,000
    (c) Rs. 10,000
    (d) Rs. 3,000
  72. Which of the following methods of depreciation is considered under the income tax Act 1961 for calculating depreciation allowance U/S 32?
    (a) Straight line method
    (b) Written down value method
    (c) Revaluation method
    (d) Insurance method
  73. Which of the following is not capital asset under income tax Act,1961?
    (a) Agriculture land
    (b) Urban land
    (c) Forest land
    (d) Industrial land
  74. Non- disclosure of income from Benami transactions is an example of_______.
    (a) Tax planning
    (b) Tax avoidance
    (c) Tax evasion
    (d) Tax exclusion
  75. Income from Royalty U/S 80 RRB on text-book is eligible for deduction under income Tax Act,1961:
    (a) Rs.1,00,000
    (b) Rs.2,00,000
    (c) Rs.3,00,000
    (d) Nil

    Answer Key

    1 (b) 2 (b) 3 (a) 4 (b) 5 (c) 6 (c) 7 (c) 8 (b) 9 (b) 10 (c) 11 (b) 12 (b) 13 (b) 14 (c) 15 (d) 16 (c) 17 (a) 18 (a) 19 (b) 20 (a) 21 (c) 22 (b) 23 (a) 24 (c) 25 (d) 26 (c) 27 (b) 28 (b) 29 (c) 30 (b) 31 (a) 32 (b) 33 (c) 34 (a) 35 (b) 36 (a) 37 (c) 38 (d) 39 (b) 40 (c) 41 (a) 42 (b) 43 (c) 44 (b) 45 (d) 46 (d) 47 (b) 48 (a) 49 (a) 50 (b) 51 (d) 52 (a) 53 (a) 54 (c) 55 (a) 56 (d) 57 (d) 58 (a) 59 (d) 60 (c) 61 (b) 62 (b) 63 (d) 64 (a) 65 (b) 66 (c) 67 (a) 68 (c) 69 (a) 70 (a) 71 (d) 72 (c) 73 (a) 74 (a) 75 (d)