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Latest AP Assistant Professor Exam Question (Objective Questions), MCQ in English

Subjects : Concerned Subject (Commerce)

Question Bank AP Assistant Professor Exam Paper 2 (Commerce) - English
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Concerned Subject (Commerce)

Question 1Single Answer
By Which  Act, the government checks restrictive trade practices ?
  1. A
    FEMA – 1999 
  2. B
    Consumer Protection  Act, 1986
  3. C
    Industrial  Policy  Act, 1991
  4. D
    none of the above
Question 2Single Answer
In which year the new Industrial policy was announced ?
  1. A
    1997 
  2. B
    1951
  3. C
    1991 
  4. D
    1998   
Question 3Single Answer
GDP at factor cost is : 
  1. A
    p (Q) + p (S)
  2. B
    GDP – IT – S
  3. C
    GDP + DT  + S
  4. D
    GDP – DT + S                                           
Question 4Single Answer
Who is the fiscal agent and advisor to government  in monetary and finan-Cial matters?
  1. A
    NABARD
  2. B
    SBI
  3. C
    RBI
  4. D
    None
Question 5Single Answer
Match  the   items  of   List –I   with  List –II :
List –I                     List – II 
(a) Industries  Development  Regulation      (i)  1947
          Act
(b)  Import  and  Export  Control  Act             (ii)  1948
(c)  foreign  Exchange  Management  Act     (iii)  1951
(d)  Factories  Act                                           (iv)  1999
Identify  the  correct   combination :
Codes :
  1. A
    (a)       (b)       (c)        (d)
    (i)       (iii)        (iv)       (ii)
  2. B
    (iii)       (i)          (ii)        (iv)
  3. C
    (iii)        (i)          (iv)       (ii)
  4. D
    (iii)       (iv)        (ii)         (i)         
Question 6Single Answer
Environmental  degeneration  does  not  consist   of  :
  1. A
    Land  degeneration  and  soil  erosion 
  2. B
    Problem  of  over  grazing  and  ecological  degeneration
  3. C
    Floods
  4. D
    None  of   the  above  
Question 7Single Answer
Which of the following denote the structural changes in Indian economy ? 
  1. A
    Primary sector contribution has gone down.
  2. B
    Service sector contribution has gone up
  3. C
    Secondary sector has not changed much
  4. D
    All of the   
Question 8Single Answer
Direct supervision over depositories and mutual funds is undertaken by 
  1. A
    NBFCs  
  2. B
    RBI
  3. C
    SEBI  
  4. D
    All   of  the  above                                      
Question 9Single Answer
There  is   acute  shortage  of   electricity  in   some   of  the   states  in  India  this Reflects  a problem   in  which   type  of   business  environment ?
  1. A
     Economic  
  2. B
    Demographic
  3. C
    Politico – legal
  4. D
    Socio -  cultural      
Question 10Single Answer
The  world’s  first  electronic  stock  market  is :
  1. A
    KOSPI   
  2. B
    Nikkei
  3. C
    NASDAQ
  4. D
    Dow  Jones   
Question 11Single Answer
Which is the most potent driver of business transformation during Covid-19 pandemic ?
  1. A
    Ethical consciousness
  2. B
    Scale economies and pricing power
  3. C
    Technology adoption and innovation
  4. D
    Supply chain logistics and government interventions
Question 12Single Answer
Counter Vailing Duties (CVD) are often imposed on imports to off set the impact of :
  1. A
    Predatory pricing
  2. B
    Export subsidies
  3. C
    Dumping
  4. D
    Low cost financing
Question 13Single Answer
To prevent opportunistic takeover of domestic firms amid Covid-19 pandemic. Foreign Direct Investment (FDI) from countries that share borders with India is allowed through :
  1. A
    Automatic route
  2. B
    Government route
  3. C
    FIPB route
  4. D
    DPIIT route
Question 14Single Answer
Factor conditions in Michael Porter’s competitive advantage National Include :
  1. A
    Market size
  2. B
    Demand conditions
  3. C
    Internationally competitive suppliers
  4. D
    Skilled labour and scientific knowledge
Question 15Single Answer
In case the purchasing company agrees to act as the agent of the vendor for collection of the book debts, in the books of the purchasing company, the amount of debtors should be credited to :
  1. A
    Vendor’s debtors account
  2. B
    Vendor’s suspense account
  3. C
    Debtors account
  4. D
    Creditors account
Question 16Single Answer
When the value of “Investment in subsidiary” in the holding company’s balance sheet in more then the book value of the net assets acquired, the difference represents :
  1. A
    Capital reserve on consolidation
  2. B
    Goodwill on consolidation
  3. C
    Minority interest
  4. D
    Post acquisition profit
Question 17Single Answer
The basic method of valuing human assets is :
  1. A
    Adjustment
  2. B
    Amortization
  3. C
    Capitalization
  4. D
    Quasi equity
Question 18Single Answer
X and Y are partners, sharing profits and losses in the ratio of 4 :3. They admit Z into the partnershipand for 1/5th share. X and Y decide to share the future profits in the ratio of 2 :1. What is the sacrificing ratio of X and Y ?
  1. A
    4 : 3
  2. B
    13 : 8
  3. C
    8 :13
  4. D
    4 :17
Question 19Single Answer
The value of the firm in wealth maximization objective is measured by :
  1. A
    Present value of all expected future cash flows
  2. B
    All expected future cash flows
  3. C
    Percent value of all expected future profits
  4. D
    All expected future profits
Question 20Single Answer
For a decline in price, total revenue declines in the demand of the product is :
  1. A
    Inelastic
  2. B
    Elastic
  3. C
    Unitary elastic
  4. D
    Zero elastics
Question 21Single Answer
In Cobb-Douglas production function, Q=AKαLβ increasing returns to scale occurs when :
  1. A
    α + β > 1
  2. B
    K + L > 1
  3. C
    α + β < 1
  4. D
    K + L < 1
Question 22Single Answer
The extreme case of non-price competition in an Oligopoly is :
  1. A
    Formation of cartels
  2. B
    Interdependent decision-making
  3. C
    Attaining economies of scale
  4. D
    Formation of duopoly
Question 23Single Answer
Pecking order theory in finance is based on the assertion of :
  1. A
    Asymmetric information between managers and investors
  2. B
    Symmetric information between managers and investors
  3. C
    Outside information
  4. D
    Asymmetric information among investors only
Question 24Single Answer
If a project cost is Rs. 40,000. Its stream of earning before depreciation and tax during first year through five years is expected to be Rs. 10,000, Rs. 12,000, Rs. 14,000, Rs. 16,000 and Rs. 20,000. Assume a 50% tax rate and depreciation on straight line basis; project’s ARR is :
  1. A
    14.40%
  2. B
    72%
  3. C
    16%
  4. D
    55.56%
Question 25Single Answer
According to the theory of dividend the firm should follow its investments policy of accepting all positive NPV projects and paying out dividends if and only if, funds are available :
  1. A
    Bird in hand theory
  2. B
    Investor rationality theory
  3. C
    100 percent retention theory
  4. D
    Residual theory
Question 26Single Answer
In Securitisation when no assets are acquired and the collateral is fixed for the life of the asset,the type of a structure is called as :
  1. A
    Revolving structure
  2. B
    Amortized structure
  3. C
    Collateralized structure
  4. D
    Self-liquidating structure
Question 27Single Answer
For a very large sample size the ratio between  and σ is 8 : 40. Determine the sample size 𝓷 :
  1. A
    25
  2. B
    5
  3. C
    4
  4. D
    16
Question 28Single Answer
For a given set of paired data, the correlation and regression coefficients have been calculated as being equal to r,bxy and byx respectively. Now, each of values of x series is divided by 5. What effect does it have on each of these co-efficients ?
  1. A
    The three co - efficients remain unchanged
  2. B
    There is no change in r but by x changes to byx/5and bxy changes to 5bxy
  3. C
    Each of the co-efficients will be reduced to one fourth of its value
  4. D
    There is no change r but byx changes to 5byx and bxy chages to bxy/5
Question 29Single Answer
Which of the following statement is correct ?
  1. A
    Co-efficients of variance 
  2. B
    If value in a series are negative, the standard deviation is also negative
  3. C
    If value in a series multiplied by σ, the variance would be multiplied by 36
  4. D
    Standard deviation is equal to square of variance
Question 30Single Answer
For a poisson distribution variable X, P(X=0) = 2P(X=1), its standard deviation would be :
  1. A
  2. B
    0.5
  3. C
  4. D
    2
Question 31Single Answer
A test that contains a fair sample of the tasks and skills actually needed for the job in question is :
  1. A
    Construct validity
  2. B
    Content validity
  3. C
    Test validity
  4. D
    Criterion validity
Question 32Single Answer
Which among of the following is not a primary determinant of organizational structure ?
  1. A
    Chain and span
  2. B
    Capacity and lower needs
  3. C
    Power and control
  4. D
    Differentiation and integration
Question 33Single Answer
An act in a way that results in the greatest good for the greatest number is :
  1. A
    The golden rule
  2. B
    The utilitarian principle
  3. C
    The four way test
  4. D
    Kant’s categorical imperative
Question 34Single Answer
People repeat behaviors that bring them satisfaction and pleasure and stop those that bring them dissatisfaction or pain is known as :
  1. A
    Law of exercise
  2. B
    Law of redo
  3. C
    Low of effect
  4. D
    Low of readiness
Question 35Single Answer
Which one of the following statements is true about under the Base I Accord, BCBS, fixed the minimum requirement of capital fund for banks at ?
  1. A
    8 percent of the total risk weighted assets
  2. B
    9 percent of the total risk weighted assets
  3. C
    10 percent of the total risk weighted assets
  4. D
    1000 crore
Question 36Single Answer
Which of the following statement is correct relating to Indian Financial System ?
  1. A
    RBI has direct supervision over depositories and mutual funds
  2. B
    Monetary control is exercised through cash reserve ratio and statutory liquidity ratio
  3. C
    Primary dealers mainly deal in shares, mutual fund units
  4. D
    The decrease in statutory liquidity ratio contracts the credit creation
Question 37Single Answer
Which one of the following is not one of the advantages of Derivatives market ?
  1. A
    Leveraging increases risk
  2. B
    They enhance liquidity in the market for underlying assets
  3. C
    They represent a form of insurance against risks
  4. D
    They reduce price volatility
Question 38Single Answer
Which one of the following statements is not true about Indian Money Market ?
  1. A
    Non-Banking Finance Companies (NBFCs) are financial institutions that constitute organized component of money market
  2. B
    Money market mutual funds are allowed to sell units to corporates and individuals
  3. C
    A Well-developed money market is essential for a modern economy
  4. D
    In the Indian Money Market, the predominant place is enjoyed by government and semi-government securities
Question 39Single Answer
Which of the following is not true while determining length of distribution channel ?
  1. A
    The larger the market size, the longer the channel
  2. B
    If the average lot size is large, it is better to have a longer channel
  3. C
    If the product and the market require a high level of service, it is advisable to keep a shorter channel
  4. D
    If customers shop for an assortment of products, it demands for a water channel of distribution
Question 40Single Answer
Which of the following can be categorized as people processing services ?
  1. A
    Health care
  2. B
    Legal services
  3. C
    Education
  4. D
    Transportation
Question 41Single Answer
Business environment refers to?
  1. A
    Internal accounting system only
  2. B
    All external and internal factors affecting business
  3. C
    Only government policies
  4. D
    Only competition
Question 42Single Answer
Economic environment of business mainly includes?
  1. A
    Economic systems and policies
  2. B
    Cultural values
  3. C
    Political ideology only
  4. D
    Technological tools only
Question 43Single Answer
Which is a part of monetary policy?
  1. A
    Tax rates
  2. B
    Subsidies only
  3. C
    Government expenditure
  4. D
    Bank rate and repo rate
Question 44Single Answer
Fiscal policy is related to?
  1. A
    Money supply control
  2. B
    Foreign trade
  3. C
    Government revenue and expenditure
  4. D
    Banking regulations only
Question 45Single Answer
Mixed economy means?
  1. A
    Only private sector
  2. B
    Only public sector
  3. C
    Co-existence of public and private sectors
  4. D
    Foreign sector only
Question 46Single Answer
In a capitalist economy, major decisions are taken by?
  1. A
    Government
  2. B
    Planning commission
  3. C
    Judiciary
  4. D
    Market forces
Question 47Single Answer
Socialist economy is characterized by?
  1. A
    Private ownership
  2. B
    Public ownership of means of production
  3. C
    Free competition only
  4. D
    No government role
Question 48Single Answer
The main objective of monetary policy is?
  1. A
    Population control
  2. B
    Export promotion only
  3. C
    Foreign investment
  4. D
    Price stability and economic growth
Question 49Single Answer
Fiscal deficit refers to?
  1. A
    Total revenue
  2. B
    Excess of expenditure over revenue
  3. C
    Export minus import
  4. D
    Bank deposits
Question 50Single Answer
Political environment of business includes?
  1. A
    Climate conditions
  2. B
    Consumer taste
  3. C
    Government stability and policies
  4. D
    Technology level
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