COMMERCE MH-SET PAPER 2 AUGUST 2015 PYQP
MCQ 1 To 10
(B) Government of India
(C) Indian Companies Act
MCQ.2. Public Enterprise is defined as :
(A) An organization run by Joint efforts of Centre and State Governments
(B) An organization which Centers to the needs relating to Public Utilities
(C) An organization in which capital is invested by Public
👉(D) An organization owned and managed by Public authorities for definite set of Public Purposes
MCQ.3. The Environment Protection Act, came into force from :
MCQ.4. Who is the Chairman of the 13th Finance Commission ?
(A) C.R. Rao
(B) D.S. Sharma
👉(C) Vijay Kelkar
(D) B.K. Chaturvedi
MCQ.5. Which one of the following is not the objective of MRTP Act, 1969 ?
(A) Checking unfair trade practices
(B) Checking restrictive trade practices
(C) Checking monopoly
👉(D) Promoting competition
(A) Retained earnings
👉(B) Shareholders’ funds
(C) Borrowers’ funds
(D) Debtors’ fund
MCQ.7. Cash Budget is categorized as……….. .
(A) Operating Budget
(B) Long-term Budget
👉(C) Financial Budget
(D) Functional Budget
MCQ.8. When a partnership is dissolved and the assets are gradually realized, the cash collected is distributed among various claimants as and when it is available, this distribution is called……………. .
(A) Gradual disbursement
(B) Gradual distribution
(C) Piece-meal disbursement
👉(D) Piece-meal distribution
MCQ.9. ‘Salary paid to employees’ is an example of……………. .
(A) Revenue Income
👉(B) Revenue Expenditure
(C) Capital Expenditure
(D) Differed Revenue Expenditure
MCQ.10. A company provides you the following information :
Sales Rs10,00,000 Rs15,00,000
Profit Rs2,00,000 Rs3,00,000
If fixed cost is Rs 25,000, what will be breakeven point ?
(A) Rs 1,00,000
(B) Rs 1,52,000
👉(C) Rs 1,25,000
(D) Rs 1,22,000
MCQ 11 To 20
(B) Change in Quantity Demanded / National Income
(C)% Change in Quantity Demanded / 100
(D) % Change in Price / % Change in Supply
MCQ.12. When the firm is producing 3 tons of Sugar. It receives total revenue of ` 24,000 Raising Production to 4 tons increase total revenue to 28,000. Thus marginal revenue is :
MCQ.13. The input costs that do not require an outlay of money by the concern called…………… .
(A) Marginal costs
(B) Explicit costs
👉(C) Implicit costs
(D) Replacement costs
MCQ.14. Which one of the following characteristics is not of competitive market ?
(A) There are many buyers and many sellers in the market
(B) The goods offered by the various sellers are homogeneous
(C) Firms can freely enter or exit the market
👉(D) Firms cannot freely enter or exit the market
MCQ.15. Total revenue divided by the quantity sold called :
(B) Total Revenue
👉(C) Average Revenue
(D) Marginal Revenue
👉(D) Inferential Statistics
MCQ.17. Persons who go to respondents and gather information form them through pre-designed schedules are known as :
(C) Systems Analyst
(D) Data Miner
MCQ.18. The collection of original data by the investigator himself is known as :
👉(A) Primary data
(B) Secondary data
MCQ.19. The collection of data compiled by some one else another than the user, which may be in published form or in unpublished form is known as……………. .
(A) Primary data
👉(B) Secondary data
MCQ.20. The presentation of classified data in tabular form is :
(A) the last step in statistical analysis
👉(B) the elementary step
(C) not very important in statistical analysis
(D) important in statistical analysis
MCQ 21 To 30
MCQ.21. “Any organization in order to achieve its objectives should form its organization structure based in activity analysis, decision analysis and relation analysis” is the view of…………….. .
(A) Koontz and O’Donnel
(B) Mary Cushing Niles
👉(C) Peter Drucker
MCQ.22. A concept about to achieve the predetermined goal is :
MCQ.23. Which is the basic function of management in respect of future management action spring ?
MCQ.24. The principle of centralization as one of the important principles of management was given by :
MCQ.25. How many purpose has been identified by the Peter R. Drucker about the business ?
MCQ.26. Any marketing mechanism’s ultimate objective is to develop :
MCQ.27. The concept of marketing mix involves a deliberate and careful choice of organization in terms of product, price, promotion and place strategies and…………… .
MCQ.28. Sub-divination of marketing is called as…………….. .
(B) Allocation of marketing
(C) Only segmentation
👉(D) Market segmentation
MCQ.29. Channel of distribution acts as a linking pool between the producer and……………….. .
👉(B) Final Consumer
MCQ.30. Which factor comes under internal environment ?
👉(C) Financial resources
MCQ 31 To 40
MCQ.31. According to………………….principle, ideal capital structure should be able to cater to additional requirements of funds in future.
MCQ.32. Financial management is a part of…………………….. .
👉(A) Business Management
(B) Financial Accounting
(C) Management Accounting
(D) Human Resource Management
MCQ.33. Economic life of a plant is 8 years, and its costs are ` 5,00,000. Annual Saving (cash inflows) is ` 1,00,000. Hence post payback profit would be :
MCQ.34. When a company is not in a position to distribute dividend in cash due to liquidity problem then company can :
(A) Distribute profit in cash
(B) Distribute Assets
👉(C) Distribution dividend in the form of bonds
(D) Distribute property
MCQ.35. The cost of preference share capital is after tax which can be converted into……………. .
(A) Cost before profit
👉(B) Cost before tax
(C) Cost after tax
(D) Cost before dividend
MCQ.36. Which are the operational functions of Human Resource Management ?
(A) I, II, III
(B) II, III, IV
👉(C) III, IV, I
(D) IV, I, II
MCQ.37. The Apprentices Act was passed in…………… .
MCQ.38. Human Resource Management objectives is combination of :
(A) Functional and personnel objectives
(B) Societal, governmental and organizational objectives
(C) Local, state and international objectives
👉(D) Societal, organizational, functional and personnel objectives
MCQ.39. What is the initial step in developing a recruitment action plan ?
(A) By Position
(B) By Role
(C) By Worker
👉(D) By Job
MCQ.40. The main objective of selection process is……………. .
(C) Job evaluation
MCQ 41 To 50
MCQ.41. The financial stability of any bank is determined by……………. .
👉(A) Capital Adequacy Ratio
(B) Credit Deposited Ratio
(C) Current Asset Ratio
(D) Debt Equity Ratio
MCQ.42. The minimum capital required to form a private banking company is…………………crores.
MCQ.43. Which of the following function is not performed by non-banking financial institution ?
(A) Issuing loans and advances
👉(B) Issuing cheques
(C) Issuing promissory note
(D) Issuing bill of exchange
MCQ.44. Which of the following functions is not performed by Reserve Bank of India ?
(A) Control the Credit
(B) Issue of Currency Note
(C) Advice to Government
(D) Loan to Government
MCQ.45. All co-operative banks are regulated by………………. .
👉(B) R.B.I. and State Government
(C) S.E.B.I. and R.B.I.
(D) R.B.I. and Central Government
MCQ.46. The theory of comparative advantage is developed by :
(A) Adam Smith
(B) J.S. Mill
👉(C) David Ricardo
(D) Bertil Ohlin
MCQ.47. Component of capital account is :
(A) Export of goods
(C) Private payment
MCQ.48. The function of International Monetary Fund (IMF) is :
👉(A) To act as a short term credit institution
(B) To assist the reconstruction and development of the member countries
(C) To promote the long term balanced growth of international trade
(D) To provide development finance on easy term to less developed member countries
MCQ.49. The principal function of IBRD is :
(A) To provide a machinery for the orderly adjustment and exchange rates
👉(B) To promote the long term balanced growth of international trade and the maintenance of equilibrium in balance of payments
(C) To provide machinery for international consultation
(D) To help in stimulating the productive investment of private capital
MCQ.50. EXIM Bank of India was set up as a :
(A) Wholly owned corporation by the RBI
(B) Wholly owned corporation by the IMF
(C) Wholly owned corporation by the IDBI
👉(D) Wholly owned corporation by the Government