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Objective Questions

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

Subjects : Commerce

Question Bank KEA Assistant Professor (Commerce) Exam Paper 4 - English
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Commerce

Question 1Single 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 2Single 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 3Single 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 4Single Answer
Appointment of a Company Secretary is made by –
  1. A
    Promoters
  2. B
    Board of Directors
  3. C
    Debenture holders
  4. D
    Government
Question 5Single Answer
Bonus Shares are issued to –
  1. A
    Equity Shareholders
  2. B
    Preference Shareholders
  3. C
    Debenture Holders
  4. D
    Secured Creditors
Question 6Single Answer
Under which principle, all the rights of an insured are transferred to insurance company after making payment of claim ?
  1. A
    Subrogation
  2. B
    Utmost good faith
  3. C
    Contribution
  4. D
    Average clause
Question 7Single Answer
Rs. 10,000 spent on the replacement of worn out parts of an electronic machinery is treated as –
  1. A
    Capital expenditure
  2. B
    Revenue expenditure
  3. C
    Deferred revenue expenditure
  4. D
    Capital loss
Question 8Single 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 9Single Answer
In which year the new Industrial policy was announced ?
  1. A
    1997 
  2. B
    1951
  3. C
    1991 
  4. D
    1998   
Question 10Single 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 11Single Answer
which one is not the main objective of fiscal policy India ?
  1. A
    To increase liquidity in the economy.
  2. B
    To promote price stability.
  3. C
    To minimize the inequalities of income and wealth.
  4. D
    To promote employment opportunities  
Question 12Single 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 13Single Answer
Match the items of list –I with the items of list –II :
List –I                                                  List – II 
(a) National Manufacturing             (i)  Industrial Licensing policy
Competitiveness Council
(b)  National Investment                (ii) Eleventh Five Year plan
     Fund (NIP)
(c)  The  Industries (Devel-          (iii) The Competition Act, 2002
     Opment and Regulation)
    Act(IDRA), 1951
(d)  Increase in Employment          (iv) Public Sector Undertakings
Codes :
  1. A
    (a)        (b)          (c)        (d)
    (iv)         (i)         (ii)         (iii)
  2. B
    (iii)        (iv)         (i)          (ii)
  3. C
    (i)         (ii)            (iii)       (iv)
  4. D
    (iv)        (iii)           (ii)        (i)                                                                 
Question 14Single 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 15Single Answer
Which  among   the  following  is   not  a  correct  sequential  combination ?
  1. A
    Macro  Environment ➝ Economic  Environment ➝  National  Income ➝  pattern  of Income  Distribution
  2. B
    Business  Environment ➝  Internal  Environment ➝  Business  Ethics  ➝  payment Of   Fair  Wages
  3. C
    Business  Environment ➝  External  Environment ➝ Micro  Environment ➝ Suppli-Ers
  4. D
    Micro  Environment ➝External  Environment ➝ Customers  ➝ Prospects  of Business  Development
Question 16Single 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 17Single Answer
Which  of  the  following   is   not   the   main  objective  of  “  Fiscal  Policy  of  India” 
  1. A
    To  increase  liquidity  in  economy
  2. B
    To  promote  price  stability
  3. C
    To  minimize  the  in – equality  in  income  and  wealth
  4. D
     To  promote  employment  opportunities     
Question 18Single 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 19Single Answer
Broad Money has to be sensitized through : 
  1. A
    CRR
  2. B
    SLR
  3. C
    Repo  Rate 
  4. D
    All  of   these                                                                   
Question 20Single 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 21Single Answer
In  the  call/  notice   money  market, which  of   the  following   -ed  to  trade  ?
  1. A
    All  Banks,  Primary  Dealers   and  Mutual   Funds
  2. B
    All  Corporates                         
  3. C
    Only  Commercial   Banks      
  4. D
    All   of  the  above                                                                         
Question 22Single 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 23Single Answer
Match  the   items  given in list –I  and  list –II  :
List –I                                           List – II 
(a)  Economic   liberali-          (i)  It – enabled   services
  Sation
(b)  Out  sourcing                    (ii)  SFIO
(c)  Corporate  frauds             (iii)  Macro  Economic  stability
(d)  Second  generation         (iv)  Increased  Competition
       reforms
Indicate   the  correct   combination :
Codes :
  1. A
    (a)       (b)       (c)      (d)
    (i)       (ii)        (iii)      (iv)
  2. B
    (i)       (iii)      (ii)       (iv)
  3. C
    (ii)       (iii)      (iv)      (i)     
  4. D
    (iv)       (i)      (ii)       (iii)                                                                 
Question 24Single Answer
The  world’s  first  electronic  stock  market  is :
  1. A
    KOSPI   
  2. B
    Nikkei
  3. C
    NASDAQ
  4. D
    Dow  Jones   
Question 25Single Answer
The  Human  Development  Index ( HDI )  is  introduced  by : 
  1. A
    UNDP  
  2. B
    UNICEF
  3. C
    IMF  
  4. D
    World  Bank 
Question 26Single Answer
Which of the following is not an example of social environment ?
  1. A
    Equal pay to male and female workers for equal work
  2. B
    Import of animal fat for manufacturing Vanaspati ghee was banned by the government
  3. C
    Cell phone have taken over the market from landline phone
  4. D
    All of these
Question 27Single Answer
Which of the following is an example of social environment ?
  1. A
    Money supply in the economy
  2. B
    Consumer Protection Act
  3. C
    The Constitution of the country
  4. D
    Composition of family
Question 28Single Answer
The importance of business environment is :
  1. A
    Identifying first mover advantage
  2. B
    Improving in performances
  3. C
    Coping with rapid changes
  4. D
    All of these
Question 29Single 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 30Single 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 31Single 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 32Single 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 33Single 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 34Single 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 35Single Answer
The basic method of valuing human assets is :
  1. A
    Adjustment
  2. B
    Amortization
  3. C
    Capitalization
  4. D
    Quasi equity
Question 36Single 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 37Single 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 38Single 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 39Single Answer
An efficient control system helps to
  1. A
    Accomplish organisational objectives
  2. B
    Boost employee morale
  3. C
    Judge accuracy of standards
  4. D
    All of the above
Question 40Single Answer
Controlling function of an organisation is
  1. A
    Forward-looking
  2. B
    Backward-looking
  3. C
    Forward as well as backward-looking
  4. D
    None of the above
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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