Odisha PGT Commerce 2022

Odisha PGT Commerce 2022

  1. Which of the following functions of management Identifies organisational goals and strategies at the time of strategic change or fine-tuning
    (a) Planning
    (b) Leading
    (c) Organising
    (d) Controlling
  2. Which of the following theories says that ‘to export was good and to be encouraged but to import was bad and to be discouraged
    (a) Factor Endowment Theory
    (b) The Theory of Absolute Advantage
    (c) Comparative Cost Theory
    (d) Mercantilist theory
  3. ‘Real Interest Rate’ risk for any currency arises whenever the change in the ___________ interest rate is not in sync with the _____ in the domicile country of that currency.
    (a) real; expected inflation
    (b) real; expected recession
    (c) nominal; expected recession
    (d) nominal; expected inflation
  4. Which of the following is a major advantage of adding more channels for selling?
    (a) It helps the company reduce its fixed costs
    (b) It is the best strategy for selling low-involvement consumer products.
    (c) It helps the company increase its market coverage.
    (d) It reduces the likelihood of channel conflict.
  5. Who among the following thinkers/theorists give the concept of bureaucracy?
    (a) F W Taylor
    (b) Henri Fayol
    (c) Peter Drucker
    (d) Max Weber
  6. ABC Limited issued 25000 equity shares of Rs. 10 each to vendors against the purchase of furniture, and 20000 equity shares of Rs. 10 each at 20 percent premium for cash. What will be the net inflow/outflow from financing activities?
    (a) Rs.10,000 inflows
    (b) Rs.2,50,000 inflows
    (c) Rs.4,90,000 inflows
    (d) Rs.2,40,000 inflows
  7. Under, factoring, the factor acts in the capacity of :
    (a) a holder for value
    (b) an administrator
    (c) and agent of his client
    (d) a trustee
  8. Systems perspective of management talks about Synergy. which means:
    (a) organisations are open system
    (b) all the elements in the system are interdependent
    (c) the tendency of the system to run down and die
    (d) the collective output of the whole system is greater than the sum of output of its sub-systems
  9. Which of the following situation is INCORRECT, with reference to co-operatives?
    (a) Co-operative societies do not have democratic leadership
    (b) A co-operative society is formed with an idea of supporting each other to achieve a common economic objective
    (c) A co-operative is an autonomous association of persons, united voluntarily to meet their common economic, social, and cultural needs
    (d) They are driven by the need to protect the economic interest in the face of possible exploitation at the hands of middlemen obsessed with the desire to earn greater profits.
  10. The ratio indicating support available to current liabilities in the form of current assets is known as __________
    (a) activity ratio
    (b) current ratio
    (c) Squidity ratio
    (d) quick ratio
  11. Unorganised market is visible more in _____
    (a) capital market
    (b) derivative market
    (c) bond market
    (d) money market
  12. Consider the following statements:
    S1 : A view usually provides access to a part of the data that is relevant to a group of users.
    S2 : A view usually provides access to the complete database.
    S3 : The feature of defining views is to be compulsorily provided by the RDBMS.
    S4 : The feature of refining views may NOT be provided by an RDBMS.
    select the correct options
    (a) S1 and S3 are true
    (b) S2 and S3 are true
    (c) S1 and S4 are true
    (d) S2 and S4 are true
  13. Which of the following is NOT a feature of partnership business?
    (a) Limited liability
    (b) Easy of formation
    (c) Sharing a profits
    (d) Mutual agency
  14. Assume the following:
    (A) A company’s project is expecting a rate of return (ROR) as percent and,
    (B) From the net present value (NPV) method, it is observed that the project’s NPV is zero.
    which of the following is true?
    (a) Rate of return of the project is 0 percent
    (b) Rate of return earn by the project is 13 percent
    (c) Rate of return of the project is less than the minimum rate expected.
    (d) Rate of return of the project exceeds 13 percent.
  15. Paid utility expenses Rs. 500 in cash. What would be the impact of this transaction on accounting equation?
    (a)The assets balance will remain unchanged
    (b) Assets and equity will increases by Rs. 500 each
    (c) Assets and equity will decrease by Rs. 500 each
    (d) Assets will decrease by Rs. 500 and liabilities will increase by Rs. 500.
  16. Minors can also be members which of the following forms of business?
    (a) Sole proprietorship
    (b) Joint Hindu family business
    (c) Co-operative society
    (d) Joint Stock company
  17. SQL does not have an equivalent operator for which of the following?
    (a) union
    (b) Universal quantifier
    (c) Intersection
    (d) Existential quantifier
  18. Integrity test is conducted in order to analyse the:
    (a) Competency of the candidates
    (b) Creativity of the candidate
    (c) Behavior of the candidate
    (d) Ethics of the candidate
  19. Which of the following statement about receivable turnover is FALSE?
    (a) Receivable’s turnover measures the efficiency of the firm in managing and selling inventory.
    (b) Receivable,s turnover measure the liquidity of the firm’s receivable.
    (c) A low receivable turnover indicates efficient receivable management
    (d) Receivable’s turnover is calculated with revenue in the enumerator
  20.  __________ holds that there are advantage to trade because different countries can produce different goods more efficiently than others.
    (a) The theory of Absolute Advantage
    (b) A favourable balance of trade
    (c) The Product Life Cycle Theory
    (d) The Tradable Goods Theory
  21. For creating a company in Tally, we use the following shortcut:
    (a) Alt + F3
    (b) Alt + F2
    (c) Alt + F1
    (d) Alt + F5
  22. For transferring money between banks through international wire transfers, ____________ are used.
    (a) SWIFT codes
    (b) MICR codes
    (c) PIN codes
    (d) IFSC codes
  23. Which of the following statement is true.
    (a) Authorised capital ≥ issued capital
    (b) Issued capital < subscribe capital
    (c) Paid up capital > issued capital
    (d) Authorised capital < Issued capital
  24. Which of the following is NOT an accounting software.
    (a) Wave
    (b) SPSS
    (c) Marg
    (d) Tally
  25. ‘It is a duty of insured to try for minimisation of loss.’ The given statement is the:
    (a) Principle Mitigation
    (b) Principle of Indemnity
    (c) Principle of Insurable interest
    (d) Principle of Utmost good faith
  26. Transnational corporations phase political risks caused due to ______
    (a) Retention by foreign government
    (b) foreign investments
    (c) actions of host governments
    (d) big threats to foreign business
  27. Which of the following type of risk means a chance of loss WITHOUT any possibility of gain?
    (a) Speculative risk
    (b) Economic risk
    (c) Commercial risk
    (d) Pure risk
  28. The decisions which revolve around how to best allocate money to maximise its value, are known as _____
    (a) Investment decision
    (b) Dividend decision
    (c) Liquidity decision
    (d) Financing decision
  29. The balance in Provision for Dividend A/c on 1st April 2019 was Rs. 75,000 and on 31st March2020 was Rs. 10,000. Provision of dividend made during the year was Rs. 9,000.
    What is the amount of dividend paid during the year?
    (a) Rs. 65,000
    (b) Rs. 56,000
    (c) Rs. 76,000
    (d) Rs. 74,000
  30. The Board of Directors as such enjoy considerable freedom in exercising their power, which they sometimes use even country to the interests of the shareholders.
    Identify the drawback of the company from the organisation in the given statement.
    (a) Specification and manipulation
    (b) Impersonal work environment
    (c) Numerous regulators
    (d) Oligarchic management
  31. The decisions pertaining to insuring that a firm has enough money to pay its bills when they are due and have sufficient cash reserves to meet unforeseen emergencies are ______
    (a) Dividend decision
    (b) Liquidity decision
    (c) Investment decision
    (d) financing decision
  32. A recommended way off minimising unethical behaviour is for employees to:
    (a) Spend part of their vacation preparing a personal philosophy of ethics
    (b) Confront fellow employees about ethical deviation
    (c) Immediately report all suspicious behavior to top management
    (d) Write anonymous notes to ethical violators
  33. Which approach assumes that end goals are not ignored but they are only one element in a more complexes criteria?
    (a) The Goal attainment Approach
    (b) The competing values Approach
    (c) The Systems Approach
    (d) The Strategic Constituencies approach
  34. Which of the following types of risk means the chance of loss with a possibility of gain?
    (a) pure risk
    (b) Speculative risk
    (c) Economic risk
    (d) Commercial risk
  35. Consumer protection laws are design to ensure ________ and a free flow of truthful information in the marketplace
    (a) prevention of frauds
    (b) increasing consumption
    (c) limiting Monopoly
    (d) fair trade competition
  36. Gain on re-issue of shares is transferred to _______
    (a) Central Reserve A/c
    (b) Capital Reserve A/c
    (c) Share Capital A/c
    (d) Reserve Capital A/c
  37. Which of the following is the correct sequence of the stages of internationalisation
    (a) Domestic, International, Multinational, Global, Transnational
    (b) Domestic, International, Transnational, Multinational, Global
    (c) Domestic, Multinational, International, Transnational, Global
    (d) Domestic, Transnational, Global, International, Multinational
  38. Which of the following is NOT the limitation of e-business?
    (a) Need for technology capability and competence of parties to e-business
    (b) Incongruence between taking/giving orders and the order full fitment speed
    (c) lesser personalised approach
    (d) Movement towards paperless society
  39. Which of the following basis of segmentation would be most appropriate if you want to sell woolen clothes and jackets?
    (a) Geographic
    (b) Behavioural
    (c) Demographic
    (d) Psycho-graphic
  40. Which key is used to change the period in Tally?
    (a) Alt + F1
    (b) Alt + F2
    (c) Alt + F3
    (d)f2
  41. A study found that Jurors were less likely to believe that attractive people wear guilty on criminal behavior. This is an example of which type of bias?
    (a) Halo effect
    (b) Availability basis
    (c) Peak-end rule
    (d) Cognitive strain
  42. What is the name of the process of grouping specialists in an organization?
    (a) Formalisation
    (b) Horizontal differentiation
    (c) Vertical differentiation
    (d) Departmentation
  43. Seller should have freedom to sell or not sell and customer should have the freedom to buy or not buy. Also, both seller and customer should have alternatives. which main idea of marketing are we talking about here?
    (a) Value
    (b) Free exchange
    (c) Needs and wants
    (d) Societal process
  44. You can opt for a ____________ order when you are very particular about the price you want pray for a stock
    (a) stop loss
    (b) market
    (c) day
    (d) limit
  45. Select organisation formed by passing a special act of parliament.
    (a) Statutory corporation
    (b) Partnership
    (c) Government company
    (d) Departmental undertaking
  46. Which management principle states that each individual should report to only one boss in order to avoid conflict and/or confusion?
    (a) Chain of command
    (b) Unity of command
    (c) Unity of direction
    (d) Division of command
  47. The company is incurring losses as selling price is below average cost. The management is thinking of temporary discontinuance of operations. Selling price per unit is Rs. 10, fixed cost per unit is Rs. 5 and variable cost per unit is Rs.7. Then it is:
    (a) Better to discontinue because the profits are minimised
    (b) Better to discontinue because the losses are minimised
    (c) Better to continue because the losses are minimised
    (d) Better to continue because the profits are maximised
  48. Which of the following statement is INCPRRECT?
    (a) A low debt equity ratio indicates that the stake of the owners is very high.
    (b) A high debt equity ratio indicates that the stake of creditors in the business is very high.
    (c) A very high debt equity ratio may indicate that the investment in the organisation is liquid.
    (d) The debt/equity ratio indicates the stake of owners in the business vis-a-vis that of the lenders or external funds.
  49. Which of the following functions of management decides on designing structures and allocating resource to people?
    (a) Organising
    (b) Controlling
    (c) Leading
    (d) Planning
  50. The government has introduced the mechanism which permits the banks/ financial institutions to recover their NPA without the involvement of the court, through acquiring and disposing of the secured assets in NPA accounts with an outstanding amount of Rs. 1 lakh and above. Which of the following is that mechanism?
    (a) Asset reconstruction company
    (b) IBC Act, 2016
    (c) corporate debt restructuring
    (d) SARFAESI Act. 2002
  51. Which of the following statements is FALSE with regard to business markets?
    (a) Buyers buy goods to make or resell product to others at a profit.
    (b) Buyers buy on the basis of rational evaluation of the offer.
    (c) Buyers are the professionals.
    (d) Buyers buy based on personal choice or impulse.
  52. Which of the following is NOT true about charismatic leaders?
    (a) They are willing to take high personal risk.
    (b) They have behaviour that is unconventional
    (c) They are focused on the personal needs
    (d) They have a vision
  53. In case of sole proprietorship business, the creditors can recover their dues not merely from the business assets, but also from the personal assets of the proprietor. Identity the related limitation .
    (a) Lack of continuity
    (b) Unlimited Liability
    (c) Sharing a profits
    (d) No control over the business.
  54. What is triple bottom line?
    (a) An accounting tool that looks at the impact on people, planet and profits
    (b) A management strategy which states that all the attention should be on profits.
    (c) An accounting to that locks at cost, profit and loss
    (d) A management strategy which focuses on corporate social responsibility.
  55. The macro environment which studies change in features of population is :
    (a) natural environment
    (b) cultural environment
    (c) demographic environment
    (d) economic environment
  56. Kavya has a Rs. 1,000 tickets to a concert. It’s raining heavily outside, and she feels sick. Still she drives in the rain for hours to attend the concert. What is the most likely reason for her behavior?
    (a) Peak-end rule
    (b) Sunk cost fallacy
    (c) Availability basis
    (d) Duration neglect
  57. ______ is the value of alternative foregone by adopting a particular strategy or employing resources in a specific manner.
    (a) Opportunity cost
    (b) Historical cost
    (c) Marginal cost
    (d) Sunk cost
  58. Which of the following are parties to a bill of exchange?
    (a) Payer, Drawee, Drawer
    (b) Drawee, Drawer, payee
    (c) Drawer, Drawee, creditor
    (d) Drawee, Drawer, debtor
  59. Which of the following best describes a behaviourally anchored rating scale?
    (a) Chart of paired subordinates ranked in order of performance
    (b) Predetermined percentages of subordinates in various performance categories
    (c) Diary of positive and negative examples of subordinate’s work performance
    (d) Combination of narrative critical incidents and quantified performance scale
  60. The role of financial __________ is to intermediate funds from ____ to ____.
    (a) Intermediaries, savers, borrowers
    (b) Markets, savers, borrowers
    (c) Intermediaries, borrowers, savers
    (d) savers, borrowers, Intermediaries
  61. Which of the following is an element of microenvironment?
    (a) Economic
    (b) Political
    (c) Competitor
    (d) Cultural
  62. Which of the following commands is used for schema modification in SQL?
    (a) Delete
    (b) Insert
    (c) Alter
    (d) Update
  63. Indian firms attempt to take advantage of the European securities market through:
    (a) GDR
    (b) ADR
    (c) IRR
    (d) IDR
  64. When an issuer makes an issue of securities to a select group of persons and it is neither a rights issue not a public issue, it is called _______
    (a) Prudential issue
    (b) Private placement
    (c) FPO
    (d) IPO
  65. Which of the following is not a standard of ISO 9000?
    (a) ISO 9000:2000 Quality Management System – Fundamentals and vocabulary
    (b) ISO 9000:2000 Quality Management System – Requirements
    (c) ISO 9000:2000 Quality Management System- Guidelines for inspections of finished
    (d) ISO 9000:2000 Quality Management System – Guidelines for process improvement
  66.  _______ is the excess of sales over break even sales.
    (a) Break-even point
    (b) Contribution
    (c) Margin of safety
    (d) PV Ratio
  67. At a chemical factory. material enters the production process at the beginning. Conversion costs are entered evenly throughout the production process. At the end of the month, 360 units that are 60 percent complete are in work-in-progress. How many equivalent units are in work-in-progress
    (a) 216 units
    (b) 160 units
    (c) 360 units
    (d) 144 units
  68. Select the type of manufacturing industry where in a finished product is produced through successive stages.
    (a) Analytical
    (b) Assembling
    (c) Synthetic
    (d) Processing
  69. Which of the following document is NOT required in connection with an import transaction?
    (a) Shipment advice
    (b) Certificate of origin
    (c) Shipping bill
    (d) Bill of landing
  70. A hospital building is constructed by a private developer and then leased to government hospital authorities. In such cases, the private company provides housekeeping and other non-medical services, while medical services are looked after by the hospital authorities. Identify the type of organisation discussed in the given statement.
    (a) Public private partnership
    (b) Partnership
    (c) MNC
    (d) Co-operative society
  71.  ________ is not a feature of the financial market.
    (a) High transaction cause
    (b) Market determine prices of traded securities
    (c) Transparent pricing
    (d) Basic regulation on trading
  72. Eliminating liquidity risk requires the financial institution to hold assets that are highly ______, hence potential __________ in interest income.
    (a) priced, increase
    (b) priced, reduction
    (c) squid, increase
    (d) liquid reduction
  73.  _________ is a budget which begins each period with a clean state.
    budget
    (a) Master budget
    (b) Financial budget
    (c) Zero base budget
    (d) Operational budget
  74. A government company is any company in which the paid-up capital held by the government is not less than _________
    (a) 49 percent
    (b) 51 percent
    (c) 50 percent
    (d) 25 percent
  75. Which of the following statements about capital market reforms in India is NOT true?
    (a) Private sector mutual funds were allowed.
    (b) The office of the ‘controller of capital issues’ was abolished.
    (c) Insider trading was brought under control & circuit breakers introduced.
    (d) Merchant banking services were allowed by public sector banks only
  76. Which of the following statement is INCORRECT?
    (a) Ratio analysis facilitates security analysis viz. assessing long term profitability and earning power to decide whether to invest, harvest or divest.
    (b) Ratio analysis is same as fundamental analysis.
    (c) Higher profitability ratios, always better situation.
    (d) Comparison could be difficult due to differences in situation of two companies or the same company over the years.
  77. A firm is forecast to have a negative closing bank balance. Which of the following would reduce the problem?
    (a) sell goods of on credit.
    (b) Produce more goods
    (c) Ask customer to pay in cash and not sell goods on credit
    (d) Ask suppliers in the firm can pay for goods in cash rather than credit.
  78. G Ltd. had allotted 1000 shares to the applicants of 140000 shares on pro rate basis. The amount payable on application is Rs. 2 per share. Mohan applied for 420 shares. The number of shares allotted, and the amount carried forward for adjustment against allotment money due from Mohan are:
    (a) 320 shares; Rs 200
    (b) 300 shares; Rs.240
    (c) 60 shares; Rs 120
    (d) 340 shares; Rs 100
  79. In which technique of controlling. do you find that some deviations have greater impact than others?
    (a) Control by exception
    (b) Techniques of suitability
    (c) Technique of forward looking
    (d) Technique of flexibility
  80. Purchased furniture of Rs. 5,000 in cash. What will be the effect of this transaction on assets and liabilities?
    (a) Assets will decrease by Rs. 5,000 and liabilities will decreased by Rs. 5,000
    (b) Assets will increase by Rs. 5,000 and liabilities will decrease by Rs. 5,000
    (c) Assets and liabilities balance will remain unchanged
    (d) Assets will decrease by Rs. 5,000 and liabilities will increase by Rs. 5,000
  81. In the teaching learning process, the lesson planning plays an important role for a teacher as it __________
    (a) Helps to develop the habit of undertaking the immediate corrective measures
    (b) helps the teacher to skip the hard work and consume time
    (c)excludes the insights about learning needs and abilities of students
    (d) does not include the heavy workloads like preparing assignments
  82. In the theories of circulum development, this model favours the artistic, cultural and physical aspects of the subject matter. Identify the curriculum development model.
    (a)Roger’s Model of interpersonal Relations
    (b) Sayfor and Alexander Model
    (c) Weinstein and Fantri Model
    (d) Allen Glathom’s Naturalistic Model
  83. In a science classroom, a teacher considers some criteria for selecting an appropriate learning resource. Which of the following will be the most desirable criteria?
    (A) It should be devoid of an literary and/or social values.
    (B) It should be appropriate for the subject area, age, ability-level, learning styles etc.
    (C) It should be inconsistent with local pilot/program curriculum outcomes.
    (D) It should have a physical format and appearance suitable for use.
    (E) It should reflect sensitivity forwards gender and sexual orientation, and cultural heritage.
    (F) It should be unsupportive of a multicultural and diverse society as it may be difficult to use.
    (a) A, B and C
    (b) B, D and E
    (c) D, E and F
    (d)B, C and E
  84. Match the following ICT learning resources in Set-I with their appropriate meaning in Set-II
    Set-I
    (A) Multimedia
    (B) Internet and Social Networking
    (C) Interactive White boards
    (D) Mobile Learning
    (E) Power Point presentation
    Set-II
    (I) This type of technology is spontaneous, portable and ubiquitous
    (II) Used to deliver multimedia presentations in a classroom
    (III) Plays as important role in many fields such as Apple’s Keynote
    (IV) Web 2.0 is a recent 2nd generation Collection of web-based tools
    (V) Consisting of images, text and sound.
    (a) A-I, B-II, C-III, D-IV, E-V
    (b) A-V, B-IV, C-II, D-I, E-III
    (c) A-V, B-III, C-II, D-IV, E-I
    (d) A-V, B-I, C-IV, D-II, E-III
  85. Who defined communication as ‘an exchange of facts, ideas, opinions or emotions by two or more people’ ?
    (a) Newman and Summer
    (b) Henry Mintzberg
    (c) Koontz and Wehrich
    (d) The Oxford Dictionary
  86. Identify the correct order of steps in the lesson-planning process according to the Herbartian Method
    P- Generalisation
    Q- Introduction
    R- Application
    S- Recapltulation
    T- Association or comparison
    U- Presentation
    V- Home assignment/homework
    (a) QRTUSPV
    (b) QUTPRSV
    (c) QURPTSV
    (d) PQURSTV
  87. This approach when used with students enrolled in a school gives them a chance to take online classes in addition to their traditional face-to-face course. What is the name of this approach?
    (a) Blended Online Class
    (b) The Self Blend Model
    (c) The Blended MOOC
    (d) Flipped Classroom
  88. This innovative and technological initiative is designed as a powerful 3D visualization and communication platform with a rich set of built in workbenches. Name this initiative.
    (a) Smlab
    (b) Robotics
    (c) FOSSEE
    (d) Virtual Lab
  89. In the process of communication, some barriers disrupt the effectiveness of communication and hinders its understanding and meaning. Which of the following components come(s) under this type of psychological barriers?
    (a) Wrong selection of medium
    (b) Etiquette and mannerisms
    (c) halo-effect and filtering message
    (d) multiplicity of words and jargon
  90. In the communication process, who are known as assertive communicators?
    (a) Those who are Shay and sensitive to communicate with others
    (b) Those who put their feeling and needs first at the expense of others
    (c) Those who put their feelings first and needs last
    (d) Those who own their feelings and behaviors without blaming the other
  91. Which of the following statements is correct?
    Statements:
    (I) Science express Biodiversity Special (SEBS) is an innovative mobile exhibition mounted on a specially designed 16-coach AC train.
    (II) It is a concept by the Department of Science and Technology and Ministry of Environment and Forests.
    (a) Statement I is correct
    (b) Both Statement I and Statement II are correct
    (c) Neither Statement I nor Statement II is correct
    (d) Statement II is correct
  92. Which of the following statement is correct
    Statements:
    (I) A community asset or resource is a similar term that means anything that can be used to improve the quality of a teaching-learning environment.
    (II) A library as a learning resource consist of a broad range of information and publication
    (a) Neither Statement I nor Statement II is correct
    (b) Statement II is correct
    (c) Both Statement I and Statement II are correct
    (d) Statement I is correct
  93. What is the full form of MERLOT?
    (a) Management of Education Resources for Learning and Online Teaching
    (b) Multimedia Electrical Reserve for Learning and Offline Teaching
    (c) Multimedia Educational Resource for Learning and Online Teaching
    (d) Management of Electronic Resource for Learning and Organizing tasks
  94. Which of the following is NOT a characteristic of a flip chart in the types of visual aids used for public speaking?
    (a) Any camera-ready artwork can be made into transparencies
    (b)It can be used to record audience question and comments
    (c) It can be prepared prior to as well as during presentation
    (d) It helps in conveying information
  95. Open Door Policy comes under which type of communication?
    (a) Lateral communication
    (b) Downward communication
    (c) Upward communication
    (d) Interactive communication
  96. In instructional planning, which type of lesson plan is planned to encourage children to notice the changes of the seasons and two develop themselves accordingly with the seasons?
    (a) Unit plan
    (b) Yearly plan
    (c) Monthly plan
    (d) Weekly plan
  97. Which of the following set of co-curricular activities comes under the category of civic development?
    (a) Parade and mass drill
    (b) Discussion and subject club
    (c) Assembly national and social festivals
    (d) Library work and subject club
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