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Latest CG Vyapam Lekhpal Exam Question (Objective Questions), MCQ in English

Subjects : Accounts, Mathematics, General Hindi, General English, Computer Knowledge, General Knowledge, General Intelligence & Reasoning

Question Bank CG Vyapam Lekhpal Exam - English
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Accounts

Question 1Single 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 2Single Answer
What Is The Shortcut Key For Calculator Area?
  1. A
    Ctrl+A
  2. B
    Ctrl+N
  3. C
    Ctrl+M
  4. D
    Ctrl+C
Question 3Single Answer
The  world’s  first  electronic  stock  market  is :
  1. A
    KOSPI   
  2. B
    Nikkei
  3. C
    NASDAQ
  4. D
    Dow  Jones   
Question 4Single 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 5Single 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 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
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 8Single 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 9Single 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 10Single 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 11Single Answer
Who is Father of Scientific Management ?
  1. A
    Henry Fayol
  2. B
    Elton Mayo
  3. C
    Chester Bernard
  4. D
    F. W. Taylor
Question 12Single Answer
For the following statements of Assertions (A) and Reasoning (R) indicate the correct code from the alternatives given:Assertion (A): Liberalization means corporatization of departmental undertakings and public undertakings.Reasoning (R): Freedom to public sector undertakings to access capital market.
 Codes: 
  1. A
    Both (A) and (R) are true and (R) is correct explanation of (A).
  2. B
    Both (A) and (R) are true and (R) is not correct explanation of (A).
  3. C
    (A) is true but (R) is false.
  4. D
    (A) is false but (R) is true.
Question 13Single Answer
Match the items of List-I with List-II and indicate the correct code:
         List-I                                             List-II
(a)Fiscal Policy                         (i) Mitigation of National hazards
(b)Technology Policy                 (ii) Balance of Payments
(c)Macro-Economic Policy        (iii) Fiscal Federalism
(d)Monetary Policy                     (iv) Inflation
Codes:
  1. A
    (a)  (b)    (c)  (d)
    (i)   (ii)   (iii)  (iv)
  2. B
    (iii)   (i)  (ii)  (iv)
  3. C
    (iv)  (iii) (i) (ii)
  4. D
    (ii) (i)  (iv )(iii)
Question 14Single Answer
Which of the following factor is not directly responsible for slowing down the growth of infrastructure?
  1. A
    High level of perceived political risk.
  2. B
    High level of sunk cost.
  3. C
    High probability of time and cost over-run. 
  4. D
    Introduction of competition in all sectors.
Question 15Single Answer
Out of the following which is not a major component of Gross Domestic Product (GDP)?
  1. A
    Personal Consumption Expenditure
  2. B
    Gross Private Domestic Investment
  3. C
    Net Personal Income
  4. D
    Net Exports
Question 16Single Answer
Which of the following is not a forum of Consumer Dispute Redressal System?
  1. A
    Local forum
  2. B
    Distirct forum
  3. C
    State forum (State Commission)
  4. D
    National Commission
Question 17Single Answer
The first macro-environmental force that a business firm generally monitors is
  1. A
    Economic environment
  2. B
    Demographic environment
  3. C
    Technological environment
  4. D
    International, Political environment
Question 18Single Answer
Ram and Shyam are partners in a firm with capital of Rs. 4,80,000 and Rs. 3,10,000 respectively. They admitted Ganesh as a partner with share of profit. Ganesh brings Rs. 3,00,000 as his capital. Ganesh’s share of goodwill will be 
  1. A
    Rs. 1,10,000 
  2. B
    Rs. 27,000
  3. C
    Rs. 17,500      
  4. D
    Rs. 70,000
Question 19Single Answer
Which of the following is deferred revenue expenditure?
  1. A
    Legal expenses incurred on the purchase of land.
  2. B
    Expenses on a mega advertisement campaign while launching a new product.
  3. C
    Expenses incurred on installation of a new machine.
  4. D
    Wages paid for construction of an additional room in a building.
Question 20Single Answer
The amount of depreciation charged to Profit and Loss Account varies every year under:
  1. A
    Fixed installment method
  2. B
    Annuity Method
  3. C
    Diminishing method
  4. D
    Insurance policy method
Question 21Single Answer
Ordinal utility analysis of the consumer’s behavior is considered superior to the cardinal utility analysis mainly due to :
  1. A
    Assumption of the rationality of the consumer’s behavior.
  2. B
    Possibility of the derivation of the consumer's demand.
  3. C
    Bifurcation of price effects into income and substitution effects.
  4. D
    Consideration of the available limited resources for satisfying
    consumer’s demand.
Question 22Single Answer
For the following statements of Assertions (A) and Reasoning (R) indicate the correct codeAssertion (A): Price Reduction normally leads to an increase in the demand for a commodity.
Reasoning (R): Price reduction leads to the entry of new buyers of the commodity in the market.
Codes:
  1. A
    (A) is correct but (R) is not correct.
  2. B
    (A) is not correct but (R) is correct.
  3. C
    Both (A) and (R) are correct and (R) offers full explanation of (A).
  4. D
    Both (A) and (R) are correct and (R) does not offer full explanation of
    (A).
Question 23Single Answer
The minimum Long Run Average Cost (LAC) can be determined ona:
(i)LAC curve for a normal production function.
(ii)LAC curve for a linear production function.
(iii)Planning curve.
(iv)Envelope curve. 
Codes:
  1. A
    (i)  (ii)   (iii)
  2. B
    (ii)   (iii)   (iv)
  3. C
    (i)  (iii)   (iv)
  4. D
    (i)    (ii)      (iv)
Question 24Single Answer
Monopoly is not considered desirable from the point of view of the society mainly because the monopolist endeavors to:
  1. A
    Earn net revenue on the sale of all goods including those involving no cost of production.
  2. B
    Earn net revenue on sale of goods in short run as well as long run.
  3. C
    Charge different prices for the same product from the different categories of buyers.
  4. D
    Produce below economic capacity level when he exhibits satisfaction with normal profit only.
Question 25Single Answer
Product-line pricing strategy includes which combination of the following?
(i)Public utility pricing
(ii)Complementary goods pricing
(iii)Spare parts pricing
(iv)Load factor pricing 
Codes:
  1. A
    (i)   (ii)   (iii)
  2. B
    (ii)  (iii)   (iv) 
  3. C
    (i)     (ii)    (iv)
  4. D
    (i)   (iii)  (iv) 
Question 26Single Answer
When the date are classified only on the basis of descriptive
characteristics which cannot be quantified is known as :
  1. A
    Geographical classification
  2. B
     Chronological classification
  3. C
    Qualitative classification
  4. D
     Quantitative classification 
Question 27Single Answer
Which one of the following is a false description?
  1. A
    In a moderately asymmetrical distribution,  the empirical relationship between Mean, Mode and Median suggested by Karl Pearson isMean – Mode = 3 (Mean – Median)
  2. B
    Coefficient of variation is an absolute measure of dispersion
  3. C
    Measure of skewness indicates the direction in the distribution of numerical values in the data set.
  4. D
    Kurtosis refers to the degree of flatness of peakedness in the region around the mode of a frequency curve. 
Question 28Single Answer
Read the following and select the right code:
Statement-I:When the null hypothesis is true but as per the
hypothesis-testing, it is rejected, it is known as beta type error in
Hypothesis testing.
Statement-II:Chi-square test is exclusively a non-parametric test. 
Codes:
  1. A
    Both the statements are true.
  2. B
    Both the statements are false.
  3. C
    Statement-I is true while Statement-II is false.
  4. D
    Statement-I is false while Statement-II is true. 
Question 29Single Answer
Computers that recognize data as discrete signals are called? 
  1. A
    Analog computers
  2. B
    Digital computers
  3. C
    Hybrid computers
  4. D
    Super computers 
Question 30Single Answer
Herbert Simon’s concept of administrative man assumes that
(a)He has satisfying approach in decision making rather than maximizing approach.
(b)He can make decisions without determining all possible alternatives.
(b)He is completely rational in decision making.
  1. A
    (a) only
  2. B
    (b) only
  3. C
    Both (a) and (b)
  4. D
    (a), (b) and (c)
Question 31Single Answer
Which of the following statements (s) is / are correct about scalar chain principle as given by Fayol?
(a)Each communication, going up or down, must flow through each position in the line authority.
(b)Chain of communication cannot be broken under and circumstances. 
  1. A
    Only (a) is correct.
  2. B
    Only (b) is correct.
  3. C
    Neither (a) nor (b) is correct.
  4. D
    Both (a) and (b) are correct.
Question 32Single Answer
A mission statement should be :
(a)Self-explanatory
(B)Elaborate
(c)Distinctive
(d)Feasible
Codes:
  1. A
    (a) only
  2. B
    (a) and (b)
  3. C
    (a), (b) and (c)
  4. D
    (a), (c) and (d) 
Question 33Single Answer
Match List-I and List-II and indicate the correct code: 
List-I                                                  List-II
(a)Equity theory            (i) Motivation depends on ratios of inputs and
                                           outcomes of self and others.
(b)Vroom’s theory       (ii) People are motivated to achieve a goal to
                                      the extent that they expect that certain action
                                          will help them to reach the goal.
(c)Porter and Lawyer Mode   l(iiiThere exists a complex relationship
                                               amongmotivation, performance and satisfaction.
(d)Herzberg’s theory  (iv) A challenging job that has opportunities for
                                    achievement, recognition, responsibility and
                                           growth will motivate employees.
Codes:
  1. A
    (a) (b)  (c)  (d)
    (i)  (ii)  (iii)  (iv)
  2. B
    (ii)  (i)  (iii)   (iv)
  3. C
     (iii)  (ii)  (i)  (iv)          
  4. D
    (i)  (iii) (ii)  (iv)
Question 34Single Answer
Assertion (A):‘Grapevine’ tends to be more active during periods of change excitement, anxiety and sagging economic conditions.Reasoning (R):Employees use this communication to fill in important information gaps and clarify management decisions.
Codes:
  1. A
    (A) is right and (B) is wrong.
  2. B
    (A) is wrong and (B) is right.
  3. C
    Both (A) and (B) are right and (R) explains (A).
  4. D
    Both (A) and (B) are right but (R) does not explain (A).
Question 35Single Answer
Which type of differentiation is used to gain competitive advantage through the way a firm designs its distribution coverage, expertise and performance?
  1. A
    Channel differentiation
  2. B
    Servicesdifferentiation
  3. C
     People differentiation
  4. D
    Product differentiation
Question 36Single Answer
Which one of the following is the most likely result of a marketing strategy that attempt to serve all potential customers?
  1. A
    All customers will be delighted
  2. B
    Customer-perceived value will be increased.
  3. C
    The company will need to follow up with demarketing campaign.
  4. D
    Not all customers will be satisfied.
Question 37Single Answer
Which of the following is not a primary activity in Michael Porter’s value chain?
  1. A
    Inbound logistics
  2. B
    Operations
  3. C
    Outbound logistics
  4. D
    Procurement
Question 38Single Answer
Which of the following represents consistency of results when the test instrument is used repeatedly?
  1. A
    Validity
  2. B
    Reliability
  3. C
    Relativity
  4. D
    Sensitivity
Question 39Single Answer
Read the following and select the right code:Assertion (A):  Too many stimuli make a person accommodated to those sensations, Sensory adaption is a problem that concerns many advertisers, which is why they try to change their advertising campaigns regularly.
Reasoning (R): To cut through advertising clutter and to ensure that consumers perceive advertisement, marketers try to increase sensory input.
Codes:
  1. A
    (A) is right and (R) is wrong.
  2. B
    (A) is wrong and (R) is right
  3. C
    Both (A) and (R) are right but (R) does not explain (A).
  4. D
    Both (A) and (R) are right and (R) explains (A).
Question 40Single Answer
Which of the following is not a feature of payback period method?
  1. A
    It is simply a method of cost recovery and not of profitability
  2. B
    It does not consider the time value of money.
  3. C
    It does not consider the risk associated with the projects.
  4. D
    It is very difficult to calculate.
Question 41Single Answer
Which of the following is not a source of credit information of prospective customers?
  1. A
    Letter of credit
  2. B
    Bank Reference
  3. C
    Trade Enquiry
  4. D
    Credit Bureau
Question 42Single Answer
The portion of earnings which is distributed among shareholders in the form of dividend is called:
  1. A
    Proprietary Ratio
  2. B
    Earnings yield Ratio
  3. C
    Payout Ratio 
  4. D
    Retention Ratio
Question 43Single Answer
Select the correct code regarding motives for holding inventories by firms:
(a)Transaction motive
(b)Environmental motive
(c)Precautionary motive
(d)Speculative motive
(e)Competitive motive 
Codes:
  1. A
    (a),(b),(c),(d)
  2. B
    (a),(b),(d),(e)
  3. C
    (a),(d),(e
  4. D
     (a),(c),(d)
Question 44Single Answer
The Learner Index measures
  1. A
    Market power
  2. B
    Price
  3. C
    Price-Marginal cost
  4. D
    None of the above
Question 45Single Answer
Which of the following is not true in case of HRM?
  1. A
    Employees are seen as an investment to be nurtured as well as a cost to be controlled.
  2. B
     Conflicts aredealt with by team members within their teams.
  3. C
    Preference is for collective bargaining of pay and working 
  4. D
    Emphasis is on competitive pay and conditions to stay ahead of competitors
Question 46Single Answer
Which one of the following is an advantage of magazines s as a source of recruitment?
  1. A
    Less Expensive
  2. B
    Long lead time for advertisement placement
  3. C
    Reach a diverse audience
  4. D
    Many unmotivated applicants
Question 47Single Answer
Examine the following statements and choose the correct
code:Assertion (A):  Human Resourcing must always be seen within the strategy making context.Reasoning (R): Human Resource planning process removed from the realities of the business will be a waste of time.
Codes:
  1. A
    Both (A) and (R) are correct.
  2. B
     Both (A) and (R) are wrong.
  3. C
    (A) is correct, but (R) is wrong.
  4. D
     (A) is not correct, but (R) is correct.
Question 48Single Answer
Match the items of List-I with the items of List-II and select the correct code: 
List-I                                                               List-II
(a) Golden parachutes     (i)The right to purchase a stated number of 
                                           shares ofa company stock at today’s price at  some time in the future.
(b) Gain sharing                 (ii) An incentive plan that engages employees in
                                            acommon effort to achieve productivity objectives and
                                             share the gains.
(c)Stock-option                  (iii) Payments companies make in connection with
                                            a change in ownership or control of a company.
(d)Annual bonus                   (iv) Plans designed to motivate short term
                                              performance of managers and are tried to company
                                               profitability.
Codes: 
  1. A
    (a)   (b)  (c) (d)
    (iii)   (i) (ii)  (iv)
  2. B
    (i)   (ii)  (iii)  (iv)
  3. C
    (ii)  (iii) (i) (iv) 
  4. D
    (iii)   (ii)  (i) (iv)
Question 49Single Answer
Which one of the following is not a function of plant council?
  1. A
    Recommend and improve safety, health and welfare measures.
  2. B
    Determination of productivity schemes taking into consideration the local conditions.
  3. C
    Planning, implementation and review of monthly target schedules.
  4. D
    Review of working of shop level bodies.
Question 50Single Answer
Read the following and select the right code:Assertion (A): “Banks globally are facing more challenges now and Macro sustainability is a necessity but not sufficient for sustainable economic growth.”
Reason (R):“Putting regulations in place is only one part and their implementation is equally important for achieving growth and sustainability.”
Codes:
  1. A
    (A) and (R) both are true and (R) is correct explanation of (A).
  2. B
    (A) and (R) both are true but (R) is not correct explanation of (A)
  3. C
    (A) is true and (R) is false.
  4. D
     (A) is false and (R) is true.
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