Madhya Pradesh, National and International level general knowledge and Basic Knowledge of Computer
Question 1Single Answer
Which Windows interface element typically appears to display information, a warning, an error message, or a request for confirmation?
A
Window
B
Pop-up menu
C
Message box
D
Taskbar
Question 2Single Answer
What is active desktop ?
A
a term that is synonymous with viewing your desktop as web page
B
a feature to customize your desktop to display informating you can update from the internet
C
both a and b above mentioned
D
A software
E
None of these
Question 3Single Answer
What is meant by an active window?
A
A window that is minimized
B
The window currently receiving user input
C
Any window currently open
D
The window opened first
Question 4Single Answer
What was America Online (AOL) primarily known for during the early popularization of consumer Internet access?
A
An online service providing Internet access and proprietary online content
B
A computer operating system
C
A spreadsheet application
D
A database management system
Question 5Single Answer
An application is
A
word processing, accounting and engineering programs are example of application programs
B
computer program designed to enable users to perform specific job functions
C
Both a and b above mentioned
D
a document
E
None of these
Question 6Single Answer
Which of the following programs enables you to calculate numbers related to rows and columns?
A
Window program
B
Spreadsheet program
C
Graphics program
D
Word program
E
None of these
Question 7Single Answer
The term Briefcase is used for
A
a special folder on the windows desktop used to keep documents up to date when shared between computers
B
a window that us currently open
C
A folder which keeps deleted, files for a while and can be retrieved from it
D
All of the above
E
None of these
Question 8Single Answer
In a graphical user interface, what is a button primarily used for?
A
Executing a command or initiating an action
B
Permanently storing data
C
Displaying the computer's IP address
D
Formatting a disk automatically
Question 9Single Answer
A channel (in windows terminology) is
A
a widely used online service that offers access to the internet
B
a specialized web site designed to work with the windows 98 subscribing feature to automatically download information from the internet and store it on your computer for later viewing
C
an area on the computer memory where text or graphics can be temporarily stored
D
All of the above
E
None of these
Question 10Single Answer
What does a checked checkbox generally indicate in a graphical user interface?
A
The associated option is enabled or selected
B
The application has closed
C
The file has been deleted
D
The computer is offline
Question 11Single Answer
The term classic style implies
A
you can click on an item to select it and double click on an item to open it
B
a folder options setting that tells double click on an item to open it
C
both a and b
D
font style
E
None of these
Question 12Single Answer
The term click implies
A
to quickly push and release the main mouse button when onscreen mouse pointer is positioned over the desired item
B
a button in a dialog box
C
to shut down or exit a dialog box
D
All of the above
E
None of these
Question 13Single Answer
What is the primary function of the Close button marked with an X on a window?
A
Minimize the window
B
Close the associated window or application
C
Maximize the window
D
Move the window
Question 14Single Answer
A command button
A
is a one in a dialog box such as open, close, exit OK or cancel that carries out a command
B
is a symbol that designates the position on the screen where text or codes will be inserted or deleted
C
is a sort on screen from where you can open and manages files and programs
D
is a small button with an X on it
E
None of these
Question 15Single Answer
What is smallest unit of the information?
A
A bit
B
A byte
C
A block
D
A nibble
Question 16Single Answer
A cursor is
A
to make a selection from the document from the document and duplicate it on the clipboard
B
a symbol that designated the position on the screen where text or codes will be inserted or deleted
C
pressing and holding the main mouse button
D
A button in a dialog box
E
None of these
Question 17Single Answer
What is a Database Management System (DBMS)?
A
A structured collection of data only
B
Software used to create, manage, retrieve, and update data in databases
C
A physical device for storing database backups
D
A programming language used only for calculations
Question 18Single Answer
The meaning of cut is
A
to take a selection from the document and move it to the clipboard
B
to cut a document in two unequal parts
C
to cut a document in two equal parts
D
Only b and c are correct
Question 19Single Answer
A setting or action predetermined by the program unless changed by the user is called as
A
pre - determined setting
B
user - setting
C
default
D
setting
E
None of these
Question 20Single Answer
The search back ground and main area of windows where you can open and manage files and programs is
A
wall paper
B
desktop
C
background
D
All of the above
E
None of these
Question 21Single Answer
Yojna a weekly journal
A
Ministry of Finance
B
Ministry of Information and Broadcastin
C
Ministry of Rural Development
D
Planning Commission
Question 22Single Answer
Kurukshetra a journal on rural development is published by
A
Ministry of Finance
B
Ministry of Information and Broadcastin
C
Ministry of Rural Development
D
Planning Commission
Question 23Single Answer
Devaluation of a currency means
A
Fixing the value of the currency in conjuction with the movement in the value of a basket of predetermined currencies
B
Reduction in the value of a currency vis-à-vis major internationally traded currencies
C
Fixing the value of currency in multilateral consultaion with the IMF the World Bank and major trading partners
D
Permitting the currency to seek its worth in the international market
Question 24Single Answer
In India rural incomes are generally lower than the urban incomes, which of the following reasons account for this
1. a large number of farmers are illiterate and know little about scientific agriculture
2. prices of primary products are lower than those of manufactured products
3. Investments in agriculture has been low when compared to investment in industry
A
1 and 3
B
2 and 3
C
1 and 2
D
1,2 and 3
Question 25Single Answer
Which of the following programmes aims at the promotion of savings among rural women
A
Rashtriya Mahila Kosh
B
Indira Mahila Yojna
C
Jawahar Rozgar Yojna
D
Mahila Samridhi Yojna
Question 26Single Answer
What is Net National Product
A
the money value of final goods and services produced annually in the economy
B
the money value of annual service generation in the economy
C
the money value of tangible goods produced annually in the economy
D
The money value of tangible goods available in the economy
Question 27Single Answer
National income is the
A
net national product at market price
B
net national product at factor cost
C
net domestic product at market price
D
net domestic product at factor cost
Question 28Single Answer
Chelliah Committee of 1992 deals with the overhauling of our
A
financial system
B
tax system
C
patents and copyrights
D
Public sector undertakings
Question 29Single Answer
During which Five Year Plan was the annual growth rate of National Income the lowest
A
2nd plan
B
3rd plan
C
5th plan
D
6th plan
Question 30Single Answer
Which of the following taxes is a progressive tax
A
sales tax
B
custom tax
C
excise tax
D
income tax
Question 31Single Answer
Which of the following is an important Paleolithic site of Madhya Pradesh?
A
Narmada valley
B
Hathnora
C
Jogdaha
D
All of the above
Question 32Single Answer
Bhimbetka Rock shelters, a UNESCO world Heritage Site is located at which place?
A
Indore
B
Bhopal
C
Raisen
D
Mandla
Question 33Single Answer
kunjun in the Sidhi district is a major site of which age?
A
Neolithic
B
Mesolithic
C
Palaeolithic
D
Stone
Question 34Single Answer
Kaytha village in Ujjain district was an example of
A
Mesolithic age
B
Neolithic age
C
Chalcolithic age
D
All of the above
Question 35Single Answer
Copper made utensils and tools have been found in which of the following places?
A
Balaghat
B
Jabalpur
C
Sagar
D
Both (a) and (b)
Question 36Single Answer
Which among the following is/are the major centres of chalcolithic centre?
A
Khedinama
B
Nagda
C
Azad Nagar
D
All of these
Question 37Single Answer
According to Anushruti literature, Lord Rama spent most of his exile in which of the following region(s)?
A
Mahakantara
B
Dandakaranya
C
Both (a) and (b)
D
None of the above
Question 38Single Answer
Ujjayani was the capital of which Mahajanapada?
A
Avanti
B
Matsya
C
Ashmak
D
Vajji
Question 39Single Answer
As per the Buddhist text Anguttara Nikaya, which of the following Mahajanpadas belong to Madhya Pradesh?
A
Avanti
B
Chedi
C
Vatsa
D
All of the above
Question 40Single Answer
Which Mauryan ruler did establish firm control over Madhya Pradesh?
A
Chandragupta Maurya
B
Bindusara
C
Asoka
D
All of the above
Question 41Single Answer
Before becoming King Asoka was the Governor of
A
Shivpuri
B
Satna
C
Ujjain
D
Asoknagar
Question 42Single Answer
Sanchi stupa was built by
A
Chandragupta
B
Gautam Buddha
C
Mahavira
D
Asoka
Question 43Single Answer
Pushyamitra shunga destroyed the Sanchi stupa during which dynasty?
A
Shunga Dynasty
B
Kanva Dynasty
C
Satavahana Dynasty
D
Mughal Dynasty
Question 44Single Answer
Which satavahana King defeated the shaka rulers and conquered part of Malwa?
A
Gautmiputra satakarni
B
Rudradaman – 1
C
Pratapdaman
D
None of the above
Question 45Single Answer
Coins of Kanishka and Huvishka were discovered from which of the following places?
A
Shahdol and Harda
B
Tewar (Jabalpur)
C
Bhedaghat (Jabalpur)
D
None of the above
Question 46Single Answer
Which Indian state launched the ‘Green Energy Villages’ initiative in 2025 to promote renewable energy?
A
Uttar Pradesh
B
Rajasthan
C
Tamil Nadu
D
Gujarat
Question 47Single Answer
Which organization developed the K-6 hypersonic Submarine-Launched Ballistic Missile (SLBM) tested in 2025?
A
ISRO
B
HAL
C
Bharat Dynamics Limited
D
DRDO
Question 48Single Answer
Which ministry established the Passport Seva Portal to streamline passport services in 2025?
A
Ministry of Home Affairs
B
Ministry of Corporate Affairs
C
Ministry of External Affairs
D
Ministry of Electronics and IT
Question 49Single Answer
What is the primary goal of the Digital Payment Intelligence Platform (DPIP) launched by the RBI in 2025?
A
Promote cash transactions
B
Enhance cybersecurity in digital payments
C
Reduce ATM usage
D
Increase bank branch networks
Question 50Single Answer
Which Indian state topped the vulture population census in 2025?
A
Rajasthan
B
Gujarat
C
Madhya Pradesh
D
Maharashtra
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Commerce
Question 51Single Answer
Who is Father of Scientific Management ?
A
Henry Fayol
B
Elton Mayo
C
Chester Bernard
D
F. W. Taylor
Question 52Single Answer
Appointment of a Company Secretary is made by –
A
Promoters
B
Board of Directors
C
Debenture holders
D
Government
Question 53Single Answer
Bonus Shares are issued to –
A
Equity Shareholders
B
Preference Shareholders
C
Debenture Holders
D
Secured Creditors
Question 54Single Answer
Under which principle, all the rights of an insured are transferred to insurance company after making payment of claim ?
A
Subrogation
B
Utmost good faith
C
Contribution
D
Average clause
Question 55Single Answer
Rs. 10,000 spent on the replacement of worn out parts of an electronic machinery is treated as –
A
Capital expenditure
B
Revenue expenditure
C
Deferred revenue expenditure
D
Capital loss
Question 56Single Answer
EPS is calculated as –
A
EBIT / Equity shares
B
EBIT – Preference Dividend / Equity shares
C
EAT / Equity shares
D
EAT – Preference Dividend / Equity shares
Question 57Single Answer
Which is the oldest form of organisation ?
A
Line
B
Line and staff
C
Functional
D
Matrix
Question 58Single Answer
In ‘Direction’ who is given importance ?
A
To machines
B
To paper work
C
To man
D
To production
Question 59Single Answer
Standard costing is a technique of –
A
Planning
B
Organising
C
Coordination
D
Control
Question 60Single Answer
‘Table A’ is an alternative to –
A
Prospectus
B
Articles of Association
C
Memorandum of Association
D
None of the above
Question 61Single Answer
FEMA stands for –
A
Foreign Exchange Management Act
B
Funds Exchange Management Act
C
Finance Enhancement Monetary Act
D
Future Exchange Management Act
Question 62Single Answer
What of the following is false about W.T.O. ?
A
It is the main organ for implementing the Multilateral Trade Agreement
B
It is global in its membership
C
It has far wider scope than GATT
D
Only countries having more than prescribed level of total GDP can become its member
Question 63Single Answer
……........… has been founded to act as permanent watchdog on the international trade .
A
ISRD
B
ADS
C
WTO
D
DIMF
Question 64Single Answer
Which of the following statement is correct ?
A
The disinvestment programme has been successfully carried out in India
B
Privatisation up to 100% has been carried out in all the PSU in India
C
Under strategic sale method of disinvestment, the government sells a major share to a strategic partner
D
None of the above
Question 65Single Answer
Advance Income-tax is shown in the –
A
Debit side of Profit and Loss Account
B
Liability side of the Balance Sheet
C
Credit side of Profit and Loss Account
D
Assets side of the Balance Sheet
Question 66Single Answer
In the absence of a Partnership Deed, the rate of interest allowed on the partner’s loan to the firm is –
A
5%
B
6%
C
10%
D
None of the above
Question 67Single Answer
Interim Dividend is shown –
A
In Profit and Loss Account
B
In Profit and Loss Appropriation Account
C
On Asset side of Balance Sheet
D
On Liabilities side of Balance Sheet
Question 68Single Answer
Memorandum of Association contains –
A
Objective clause
B
Name clause
C
Capital clause
D
All of the above
Question 69Single Answer
If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under:
A
Negotiable Instruments Act, 1881
B
Reserve Bank of India Act, 1934
C
Banking Regulation Act, 1949
D
RBI Clearing House Rules
Question 70Single Answer
By which of the following methods a Company Secretary can be removed from his post ?
A
By passing a resolution in Board Meeting
B
By order of Registrar of Companies
C
By passing a resolution in Annual General Meeting
D
None of the above
Question 71Single Answer
Which one of the following statements is correct in respect of Duty Drawback Scheme ?
A
Relieving export goods of duties paid for components used for manufacturing the export goods
B
Providing cash incentives to exporters to compensate the duty paid by them in foreign countries
C
Compensating importers to the extent of import duty paid by them for importing life-saving drugs
D
Providing a facility for withdrawing the duty paid by exporters if their exports are rejected in foreign countries
Question 72Single Answer
In foreign trade, what is the price quoted by a supplier which includes all charges incurred up to door delivery of goods to the buyer, called ?
A
Loco price
B
C.I.F. price
C
Franco price
D
Landed price
Question 73Single Answer
If the cost of goods sold is Rs. 1,00,000, the value of opening stock is Rs. 20,000 and the value of closing stock is Rs. 80,000, then the stock turnover ratio would be –
A
5 Times
B
4 Times
C
2 Times
D
1 Time
Question 74Single Answer
If profit made during the year is Rs. 10,000; increase and decrease in the current assets is Rs. 5,000 and Rs. 4,000 respectively, then the cash from operation equals –
A
Rs. 9,000
B
Rs. 10,000
C
Rs. 11,000
D
Rs. 19,000
Question 75Single Answer
Commercial paper is a –
A
long-term corporate security meant for small investors
B
medium-term corporate security meant for institutional investors
C
treasury paper meant for corporate investors
D
short-term corporate security meant for large-scale investors
Question 76Single Answer
A cartel is a combination of firms –
A
which are functioning in a particular industry
B
whose combined assets are worth more than 90% of total assets of the industry
C
who control major chunk of the market
D
whose combined profits are enormous
Question 77Single Answer
One of the major difficulties improving the industrial efficiency in enterprises is –
A
low investment
B
low productivity
C
ineffective marketing
D
poor inventory control
Question 78Single Answer
Exam Bank of India provides financial assistance to exporters and importers in India :
A
in foreign currency only
B
both in Indian currency and foreign currencies
C
as zero-interest loans
D
as subsidies
Question 79Single Answer
‘Object Clause’ of a Memorandum of Association can be altered by –
A
Ordinary resolution
B
Special resolution
C
Special resolution and confirmation by Registrar of Companies
D
Special resolution and confirmation by Company Law Board
Question 80Single Answer
The takeover of a company in which most of the purchase price is paid with borrowed money is referred to as –
A
hostile takeover
B
illegal takeover
C
leveraged buy-out
D
management buy-out
Question 81Single Answer
A public company can start business –
A
After incorporation
B
After promotion
C
After registration
D
After getting certificate of commencement of business
Question 82Single Answer
Impact of O & M is that –
A
promotion possibility becomes restricted
B
it leads to less scope for high salary and wages
C
entire organization is streamlined
D
work measurement is costly
Question 83Single Answer
The term ‘Organisational climate’ best represents –
A
human environment prevailing in an organisation
B
union-management relations within an organisation
C
problems introduced by faulty organisational structure
D
socio-cultural environment in an organisation
Question 84Single Answer
The Memorandum of Association shall be signed by each –
A
director
B
shareholder
C
subscriber
D
promoter and director
Question 85Single Answer
Changing the name of a company requires –
A
special resolution and approval of Company Law Board
B
special resolution and approval of Securities and Exchange Board of India
C
special resolution and approval of Central Government
D
ordinary resolution and approval of Company Law Board
Question 86Single Answer
Registration of Articles of Association is optional in the case of –
A
unlimited company
B
private company limited by shares
C
company limited by guarantee
D
public company limited by share
Question 87Single Answer
The Base Rate system has replaced BPLR with effect from:
A
01.05.2010
B
01.06.2010
C
01.07.2010
D
01.08.2010
Question 88Single Answer
Under the accrual concept which one of the following will not be shown as an asset/liability in the balance sheet of an entity ?
A
Interest due but not paid
B
Interest due but not received
C
Interest due and paid
D
Interest paid but not due
Question 89Single Answer
Goods worth Rs. 24,000 were returned by X. The accountant however credited the sales returns account by Rs. 42,000. In order to rectify this error, what should be done ?
A
Debit the sale return by Rs.42,000
B
Credit the sales return account by Rs. 24,000
C
Debit the sales return account by Rs. 66,000
D
Debit the sales return account by Rs. 18,000
Question 90Single Answer
A machine with a written down value of Rs. 10,000 has been sold for Rs. 13,000. The amount realized is a –
A
Capital receipt and profit involved should be transferred to Capital Reserve
B
Revenue receipt
C
Capital receipt and profit involved should be transferred to General Reserve
D
Capital receipt and profit involved should be transferred to Profit and Loss A/c
Question 91Single Answer
Provisions are amounts set aside out of profits and other surpluses for –
A
meeting a liability, the amount of which can be determined with exact figure
B
any known liability of which the amount cannot be determined with substantial accuracy
C
meeting an eventuality arising out of revaluation of assets in ordinary course of business
D
meeting a liability arising out of arbitration
Question 92Single Answer
A Ltd. Company issues 3,000, 15% debentures of Rs. 100 each at a discount of 7•5% repayable at a premium of 5% at the end of 5 years. The loss on issue of debentures will be –
A
Rs. 22,500
B
Rs. 30,000
C
Rs. 37,500
D
Rs. 45,000
Question 93Single Answer
X Ltd. has current ratio of 2– 1 and quick ratio of 1•5– 1. If its current liabilities are Rs. 80,000, then the value of stock would be –
A
Rs. 1,60,000
B
Rs. 1,20,000
C
Rs. 40,000
D
Rs. 80,000
Question 94Single Answer
Test checking of entries in the audit work refers to –
A
the internal checks
B
the inernal controls
C
checking some sample items from a large number of similar items
D
checking the cash flow of business
Question 95Single Answer
Share premium account can be used for –
A
Paying tax liability
B
Meeting the cost of issue of shares or debentures
C
Paying Dividend on shares
D
Meeting the loss on sale of old asset
Question 96Single Answer
Ploughing-back of profits means –
A
Dividend declared but not claimed by shareholders
B
Non-declaration of dividend in any year
C
Profits earned from illegal sources and employed in business
D
Retaining the earnings of business for future expansion programme
Question 97Single Answer
As per Schedule VI of the Companies’ Act, 1956, Forfeited Share Account will be –
A
Added to paid up capital
B
Deducted from called up capital
C
Added to capital reserve
D
Shown as a revenue reserve
Question 98Single Answer
‘Profit objective’ is of least priority in case of –
A
Private enterprise
B
Public enterprise
C
Department undertaking
D
Cooperative society
Question 99Single Answer
Partnership may come into existence by –
A
The operation of law
B
An express agreement only
C
An express or implied agreement only
D
Inheritance of property
Question 100Single Answer
When a security is not treated in the Stock Exchange for a period of.........days prior to the date of valuation, it is treated as "Non- Traded" security:
A
30 days
B
45 days
C
60 days
D
90 days
Question 101Single Answer
Debit means:
A
Decrease in asset
B
Increase in liability
C
An entry on the left hand side of an account
D
Moderate increase in liability
Question 102Single Answer
Drawings account is related to:
A
Nominal account
B
Personal account
C
Real account
D
Company drawings account
Question 103Single Answer
Goodwill account is related to:
A
Nominal account
B
Personal account
C
Real account
D
Tangible account
Question 104Single Answer
Prepaid insurance is:
A
Nominal account
B
Personal account
C
Real account
D
Prepaid account
Question 105Single Answer
Revenue is considered as being earned when:
A
Cash is received
B
Production is done
C
Sale is effected
D
Purchase is done
Question 106Single Answer
Goods destroyed by fire should be credited to:
A
Purchases account
B
Sales account
C
Loss of goods by fire account
D
Insurance account
Question 107Single Answer
The credit balance of bank account indicates:
A
Amount payable by the bank
B
Amount payable to the bank
C
Cash at bank
D
Loan from bank
Question 108Single Answer
The credit balance in the bank account is:
A
An asset
B
A liability
C
An expense
D
Contingent liability
Question 109Single Answer
Return outward book makes a record of:
A
Goods returned to the suppliers
B
Goods returned to customers
C
Goods returned to proprietor
D
Goods returned to neighbours
Question 110Single Answer
When 1000 units are 60% complete in a process, it is equivalent to..............complete units.
A
60
B
600
C
6000
D
1000
Question 111Single Answer
The Life Insurance in India was nationalised in the year –
A
1870
B
1956
C
1960
D
1966
Question 112Single Answer
The ‘Doctrine of Indoor Management’ provides protection to the –
A
Board of Directors
B
Shareholders
C
Managing Director
D
Outsiders
Question 113Single Answer
Liability of a Company Secretary is –
A
Contractual only
B
Statutory only
C
Civil only
D
Both contractual and statutory
Question 114Single Answer
...............process loss should be transferred to costing profit & loss account.
A
Abnormal
B
Normal
C
Both A & B
D
None of these
Question 115Single Answer
In inter process profits, the output of one process is transferred from one process to another not at...........but at..............
A
Market price, actual cost
B
Actual cost , market price
C
Both A & B
D
None of these
Question 116Single Answer
In process costing, the abnormal loss is treated as...........cost and written off to profit & loss account.
A
Unit
B
Period
C
Future
D
Process
Question 117Single Answer
.............arises where the actual process loss is less than the normal predetermined process loss.
The budget relating to................must be prepared first and the other budgets should be prepared in the light of that factor
A
Limiting factor
B
Materials
C
Labour
D
Production
Question 120Single Answer
..............budget may be classified into material cost budget, labour cost budget and overhead budget.
A
Cost of production
B
Purchase
C
Sales
D
Cash
Question 121Single Answer
..............is the consolidated summary of the various functional budgets.
A
Master budget
B
Sales budget
C
Performance budget
D
Cash budget
Question 122Single Answer
...............budget gives different budgeted costs for different levels of activity
A
Master
B
Fixed
C
Flexible
D
All of these
Question 123Single Answer
When actual loss is .............than the estimated loss, the difference between the two is considered to be abnormal gain.
A
More
B
Less
C
Higher
D
None of these
Question 124Single Answer
When the actual loss is more than the estimated loss, the difference between the two is considered to be..............
A
Abnormal loss
B
Normal loss
C
Loss
D
None of these
Question 125Single Answer
Average unit cost for each process is calculated by dividing the............by...........
A
Total cost, number of units
B
Total process cost, number of units in process
C
Total process cost, number of finished goods
D
Total cost, number of units produced
Question 126Single Answer
In.................costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year.
A
Multiple
B
Process
C
Operation
D
Single
Question 127Single Answer
If the present cost of the car is Rs. 1,00,000 residual value at the end of the 5th year is Rs. 20,000, the monthly depreciation is.........
A
Rs. 20,000
B
Rs. 16,000
C
Rs. 1,333
D
Rs. 17,333
Question 128Single Answer
In service costing, fixed charges are also called as............
A
Standing charges
B
Variable charges
C
Fixed charges
D
None of these
Question 129Single Answer
In transportation costing a composite unit such as............is used.
A
Passenger mile/km or Ten kilometer
B
Per km
C
Per passenger
D
Per stop
Question 130Single Answer
Calendar Ratio
A
B
C
D
Question 131Single Answer
Efficiency Ratio =
A
B
C
D
Question 132Single Answer
................is a summary of all function budgets in a Capsule form.
A
Master budget
B
Sales budget
C
Performance budget
D
Cash budget
Question 133Single Answer
Cash Budget is a............budget.
A
Long-term
B
Very long-term
C
Short-term
D
Very short-term
Question 134Single Answer
Sales budget is a:
A
Functional budget
B
Master budget
C
Expenditure budget
D
None of these
Question 135Single Answer
The difference between fixed and variable cost has a special significance in the preparation of:
A
Flexible budget
B
Master budget
C
Cash budget
D
Sales budget
Question 136Single Answer
In case of materials the key factor may be.
A
Insufficient advertising
B
Restrictions imposed by quota
C
Low market demand
D
Shortage of power
Question 137Single Answer
Standard cost is a.............cost.
A
Predetermined
B
Historical
C
Actual
D
Final
Question 138Single Answer
Standard costing is more widely applied in..............industries.
A
Process and engineering
B
Jobbing industries
C
Construction industry
D
All of these
Question 139Single Answer
The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as............
A
Difference
B
Variance
C
Discrepancy
D
Inconsistency
Question 140Single Answer
Material price variance is the difference between standard and actual prices of materials used multiplied by.............
A
Actual quantity of materials used
B
Budgeted quantity of materials used
C
Standard quantity of materials used
D
Either A or B
Question 141Single Answer
Idle time variance is...............
A
Idle time × actual labour
B
Idle time × standard rate
C
Idle time × budgeted labour rate
D
Idle time × histrionica cost
Question 142Single Answer
Standards set provide yardsticks against which ...............are compared.
A
Budgeted costs
B
Estimated costs
C
Actual costs
D
None of these
Question 143Single Answer
Total Material cost variance =
A
Standard cost of materials-actual cost of materials
B
Budgeted cost of materials-actual cost of materials
C
Standard cost of materials-budgeted cost of materials
D
Actual cost of materials-budgeted cost of materials
Question 144Single Answer
Material price variance = Actual u (..............)
A
Standard price
B
Standard unit price-actual unit price
C
Actual price
D
Standard usage
Question 145Single Answer
Material mix variance = standard cost of standard mix - ..............
A
Actual cost of actual mix
B
Actual cost of standard mix
C
Standard cost of actual mix
D
Standard cost of budgeted mix
Question 146Single Answer
Volume Variance =
A
Standard rate (Actual output-budgeted output)
B
Actual output x standard rate-budgeted fixed overheads
C
Standard rate per hour (Standard hours produced-actual hours)
D
All of the above
Question 147Single Answer
A favorable variance will arise when capital revenues are…………….than expected.
A
more
B
less
C
Lesser
D
None of the above
Question 148Single Answer
An unfavorable material usage arises because of:
A
Price increase in raw materials
B
Price decrease in raw materials
C
Less than anticipated normal wastage in the manufacturing process
D
More than anticipated normal wastage in the manufacturing process.
