Question for UPPSC GIC Lecturer (Commerce) 2026 - Quiz / Questions / MCQ

Objective Questions

Latest UPPSC GIC Lecturer Commerce Exam Question (Objective Questions), MCQ in English

Subjects : General Studies, Commerce

Question Bank UPPSC GIC Lecturer (Commerce) Prelims Exam - English

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General Studies

Question 1Single Answer

Yojna a weekly journal

A
Ministry of Finance
B
Ministry of Information and Broadcastin
C
Ministry of Rural Development
D
Planning Commission

Question 2Single 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 3Single 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 4Single Answer

In ruby laser, the stimulated emission is due to transition from

A
metastable state to any lower state
B
any higher state of lower state
C
metastable state to ground state
D
any higher state to ground state

Question 5Single Answer

A direct current I flows along the length of an infinitely long straight thin walled pipe, then the magnetic field is

A
uniform throughout the pipe not zero
B
zero only along the axis of the pipe
C
zero at any point inside the pipe
D
maximum at the centre and minimum at the edge

Question 6Single Answer

How many such pairs of letters are there in the word ‘CLEANLINESS’ each of the which has as many letters between them in the word as they have in the English alphabet, in the same sequence?

A
Two
B
Three
C
Five
D
Four
E
None of these

Question 7Single Answer

Team A has scored more goals than Team B
Team C has scored fewer goals than Team B
Team A has scored fewer goals than Team C .
If the first two statements are true, the third statement is

A
True
B
False
C
Uncertain
D
None

Question 8Single Answer

If it is possible to make only one meaningful word with the second, the third, the sixth and the eight letters of the word FRAGMENT using each only once, which of the following will be the third letter of that word ? If no such word can be formed, give ‘X’ as the answer and if more than one such word can be formed, give ‘Y’ as the answer.

Question 9Single Answer

How many such letters are there in the word ORIENTAL each of which is as far away from the beginning of the word as when they are arranged alphabetically?

A
None
B
One
C
Two
D
Three
E
More than three

Question 10Single Answer

How many such pairs of letters in the word CREDIT each of which has as many letters between them in the word as in the English alphabet?

A
None
B
One
C
Two
D
Three
E
More than three

Question 11Single Answer

The respiratory quotient during cellular respiration would depend on

A
the nature of enzymes involved
B
the nature of the substrate
C
the amount of carbon dioxide released
D
the amount of oxygen utilised

Question 12Single Answer

Which of the following is not a green - house gas ?

A
Water vapour
B
Carbon monoxide
C
Methane
D
Oxygen

Question 13Single Answer

10^-6 M NaOH is diluted 100 times. The pH of the diluted base is

A
between 7 and 8
B
between 5 and 6
C
between 6 and 7
D
between 10 and 11

Question 14Single Answer

The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs. 3. The ratio of the two selling prices is:__________ ?

A
51:52
B
52:53
C
51:53
D
52:55

Question 15Single Answer

Which of the following numbers is irrational ?

A
√49
B
0.125
C
√2
D
22/7

Question 16Single Answer

356 x 936 – 356 x 836 = ?

A
35600
B
34500
C
9630
D
93600

Question 17Single Answer

Arrange in descending order: 5/8, 7/10, 3/4

A
3/4 > 7/10 > 5/8
B
7/10 > 3/4 > 5/8
C
3/4 > 5/8 > 7/10
D
5/8 > 7/10 > 3/4

Question 18Single Answer

When Uttar Pradesh got it officially as statehood ?

A
24 January, 1950
B
26 January, 1952
C
1 January, 1956
D
18 February, 1957

Question 19Single Answer

How many districts are there in Uttar Pradesh

A
60
B
57
C
75
D
87

Question 20Single Answer

What are the official languages of Uttar Pradesh ?

A
Hindi & Urdu
B
Only Hindi
C
Only Urdu
D
Kumaoni

Question 21Single Answer

How many members of Lok Sabha from Uttar Pradesh ?

A
56
B
78
C
80
D
51

Question 22Single Answer

How many members of Rajya Sabha from Uttar Pradesh ?

A
45
B
51
C
31
D
77

Question 23Single Answer

What is the state flower of Uttar Pradesh ?

A
Lily
B
Rose
C
Palash
D
Sunflower

Question 24Single Answer

What is state sport of Uttar Pradesh ?

A
Field Hockey
B
Cricket
C
Football
D
Swimming

Question 25Single Answer

How many total cities / towns in Uttar Pradesh ?

A
567
B
450
C
689
D
510

Question 26Single Answer

What is state dance of Uttar Pradesh ?

A
Kathak
B
Rauf
C
Kathakali
D
Bharat Natyam

Question 27Single Answer

What is state tree of Uttar Pradesh ?

A
Neem
B
Peepal
C
Ashok
D
Mango

Question 28Single Answer

"Who said, 'India was a parrot unto itself'?

A
Malik Muhammad Joyce
B
Raskhan
C
Rich Khusrow
D
Rich Hasan

Question 29Single Answer

What was the real name of Amir Khusro?

A
Muhammad Hasan
B
Muhammad Hussain
C
Muhammad Khusrow
D
Muhammad Mine

Question 30Single Answer

Which is the national game of Bhutan ?

A
badminton
B
basketball
C
football
D
archery

Question 31Single Answer

What is the national game of the United States of America ?

A
water polo
B
Rugby
C
Polo
D
baseball

Question 32Single Answer

When was the Constituent Assembly of India formed?

A
1946
B
1947
C
1948
D
1950

Question 33Single Answer

Who is known as the "Father of the Indian Renaissance" ?

A
Raja Ram Mohan Roy
B
Swami Vivekananda
C
Rabindranath Tagore
D
Mahatma Gandhi

Question 34Single Answer

Which classical dance form is associated with Tamil Nadu ?

A
Kathak
B
Kuchipudi
C
Bharatanatyam
D
Odissi

Question 35Single Answer

Which of the following is a famous festival of Kerala ?

A
Pongal
B
Onam
C
Baisakhi
D
Makar Sankranti

Question 36Single 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 37Single 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 38Single 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 39Single 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 40Single Answer

Which Indian state topped the vulture population census in 2025?

A
Rajasthan
B
Gujarat
C
Madhya Pradesh
D
Maharashtra

Commerce

Question 41Single Answer

The world’s first electronic stock market is :

A
KOSPI
B
Nikkei
C
NASDAQ
D
Dow Jones

Question 42Single Answer

The Human Development Index ( HDI ) is introduced by :

A
UNDP
B
UNICEF
C
IMF
D
World Bank

Question 43Single Answer

Examine the following statements and choose the correct code
Assertion (A) : American style option, compared to European style, provides More freedom to option holders in exercising the option.
Reason (R) : American style option, can be exercised only at a specified date. Which is generally the expiration date.
Codes :

A
Both (a) and (R) are correct
B
Both (a) and (R) are wrong
C
(a) is correct, but ( R) is wrong
D
(a) is not correct, but ( R) is

Question 44Single Answer

From the statements given below, identify the correct code :
Statement ( I) : The key strategy behind acquiring a company is to create share   Holder’s value.
Statement ( II) : Conglomeration is a merger between two companies   that have Common business areas.
Statement ( III) : MRTP act got   replaced   by the   competition Act, 2002 in India.
Codes :

A
All the three statements are correct
B
Statements ( I) and (II) only are correct
C
Statements ( I) and (III) only are correct
D
Statements ( II) only is correct

Question 45Single Answer

From the following identity the tools of fiscal policy :
(i) Public expenditure
(ii) Open market operations
(iii) Deficit financing
(iv) Taxation
(v) Reserve requirements
Codes :

A
(i), (iii), (iv) and (v)
B
(i), (ii), (iv) and (v)
C
(ii) and (v)
D
(i), (iii), and (iv)

Question 46Single Answer

The basic difference between a static budget and flexible budget is that :

A
A flexible budget considers only variable costs but a static budget considersAll costs.
B
Flexible budget allow management latitude in meeting goals, whereas static Budget is based on fixed standards.
C
A flexible budget is applicable for a single department only but a static bugeT for entire production facility.
D
A flexible budget can be prepared for any production level Range but a static budget is based on one specific level of production.

Question 47Single Answer

A retiring partner continues to be liable for oblations incurred after his ret Irement :

A
If unpaid amount is transferred to his loan account.
B
If he does not give public notice.
C
If he starts a similar business else where.
D
In all the situations till he survives.

Question 48Single Answer

In what order, the following assets are   shown in the balance sheet of   a Company ?
(i) Trade receivables            (ii) Cash
(iii) Furniture and fittings     (iv) Investment in shares and debentures
Codes :

A
(ii), (i), (iv), (ii
B
(i), (ii), (iii), (iv)
C
(iii), (iv),(i), (ii)
D
(iv), (iii),(ii), (i)

Question 49Single Answer

When opening stock is : 50,000, closing stock is : 60,000 and the cost of Goods sold is : 2,20,000, the stock turnover ratio is :

A
2 times
B
3 times
C
4 times
D
5 times

Question 50Single Answer

If : stock turnover ratio is = 6 times
Average stock = : 8,000
Selling price = 25% above cost
What is the amount of gross profit ?

A
RS 2,000
B
RS 4,000
C
RS 10,000
D
RS 12,000

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Commerce

Question 51Single Answer

A rectangular hyperbola shaped demand curve on all its points has :

A
Equal slopes of the price demand curve
B
Price elasticity equal to unity
C
Varying Price elasticity
D
Both slope and Price elasticity equal

Question 52Single Answer

In case of short - run equilibrium, a perfectly competitive firm while earningAbnormal profits operates at an output level where :

A
Marginal cost is the minimum
B
Average cost is the minimum
C
Both marginal cost and average cost are equal
D
marginal cost is higher than average cost

Question 53Single Answer

Match the   items of   the   List –I   with the items of   List – II :
List –I                     List – II
(a) Law of   diminishing   marginal   utility
(b) Relationship between price of   one commodity and   demand for other com
Modity
(c) Skimming the cream policy
(d) Price rigidity
Codes :

A
(a) (b) (c) (d)
(i) (ii) (iii) (iv)
B
(iii) (i) (ii) (iv)
C
(ii) (iii) (ii) (i)
D
(iv) (iii) (ii) (i)

Question 54Single Answer

the   following   are   the demand and   supply equations in a perfectly competeTive market :
P = 12 + 0.3 Q_s                 P= 40 + 0.4 Q_d
The equilibrium market   price would   be :

A
24
B
10
C
40
D
20

Question 55Single Answer

Which of the following is not an accounting software package ?

A
Quick Books
B
Sage one
C
Sage M
D
Sage 50

Question 56Single Answer

There is acute shortage of electricity in some of the states in India this Reflects a problem in which type of business environment ?

A
Economic
B
Demographic
C
Politico – legal
D
Socio - cultural

Question 57Single 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 :

A
(a) (b) (c) (d)
(i) (ii) (iii) (iv)
B
(i) (iii) (ii) (iv)
C
(ii) (iii) (iv) (i)
D
(iv) (i) (ii) (iii)

Question 58Single Answer

Which of the following is true ?

A
A consumer court setup under the Consumer protection Act, does not have The power to punish for its contempt.
B
Professional services are outside the purview of the CPA.
C
A consumer court cannot force a person indulging in misleading advertising In misleading advertising to confess his quit.
D
None of the above

Question 59Single Answer

Match the items/ terms given in list – I with those given in and list – II :
List – I List – II
(a) BIS (i) Print Media
(b) CERC (ii) Minimum support price for agricultural products.
(c) CACP (iii) Quality of manufactured products.
(d) PCI (iv) Comparative product testing
Indicate the correct answer :
Codes :

A
(a) (b) (c) (d)
(iv) (iii) (ii) (i)
B
(i) (ii) (iii) (iv)
C
(iii) (iv) (ii) (i)
D
(ii) (iii) (iv) (i)

Question 60Single Answer

Which one among the following is not the salient feature of Since 1991 ?

A
Enormous expansion of the private sector.
B
Redefining the role of public sector.
C
Limited exposure of Indian industry to foreign competition
D
Pruning of the list of items reserved for SSI units.

Question 61Single Answer

A, a partner in a firm, is drawing : 500 regularly on the 16^th of every Month. He will have to pay interest at the given rate in a year on : 6,000 For the total period of :

A
5 months
B
6 months
C
7 months
D
12 months

Question 62Single Answer

Subsequent expenditures that extend the useful life, improve the quality of Output, or reduce operating costs of an existing asset beyond their original ly Estimated levels are :

A
Capital expenditures
B
Revenue expenditures
C
Deferred Revenue expenditures
D
None of the above

Question 63Single Answer

Marginal - costing technique is useful for :

A
Make or buy decisions
B
Profit planning
C
Shut – down decisions
D
All of the above

Question 64Single Answer

Which one is not a feature of budgetary control ?

A
A tool for management control.
B
An instrument of delegation and authority
C
An instrument for evaluating the overall performances.
D
A statement of budget and forecasts.

Question 65Single Answer

The Debt - Equity Ratio of   a   company is   2 : 1 In this Following :
List –I List – II
(a) Issue of   equity   shares               (i) No change on the ratio
(b) Cash received   from debtors       (ii) Reduce the ratio
(c) Redemption of   debentures          (iii) No change on the ratio
(d) Purchased goods on credit         (iv) Reduce the ratio
Codes :

A
(a) (b) (c) (d)
1 2 3 4
B
2 3 4 1
C
1 3 4 2
D
2 4 1 3

Question 66Single Answer

Which one of the following does not explain the basic nature of business Economics ?

A
Behavior of firms in theory and practice.
B
Distribution theories like rent, wages and interest along with the theory ofProfit.
C
Use of the tools of economic analysis in clarifying problems in organizing And evaluating information and in comparing alternative courses of action.
D
Integration of economic theory with business practices for the purpose of Facilitating decision - making.

Question 67Single Answer

At a point of satiety for a commodity the marginal utility is :

A
Negative
B
Positive
C
Zero
D
Highly positive

Question 68Single Answer

A rectangular hyperbola shaped demand curve on all its points has :

A
Equal slopes and equal point elasticity’s
B
unequal slopes and unequal point elasticity’s
C
unequal slopes and equal point elasticity’s
D
Equal slopes and unequal point elasticity’s

Question 69Single Answer

14.Assertion (A) : A perfectly competitive firm is not a price maker but is a Price taker.
Reason (R) : The firm is interested in deciding the level of output only
Codes :

A
Both (A) and (R) are true.
B
Both (A) and (R) are false.
C
(A) is false, while (R) is true.
D
(A) is true, but (R) is not a correct explanation of

Question 70Single Answer

Match the   items of list –I   with the items of     list –II :
List –I List – II
(a) A market having high       I. Skimming   pricing
       Price elasticity
(b) A market having high        II. Differential   pricing
       Price inelasticity
(c) A market having several     III. Penetrating pricing
      Segments differing   promim-
     Ently with regard to price
     Elasticity’s of   their demand.
Codes :

A
I II III
(b) (c) (a)
B
(a) (b) (c)
C
(b) (a) (c)
D
(a) (c) (b)

Question 71Single Answer

Direct supervision over depositories and mutual funds is undertaken by

A
NBFCs
B
RBI
C
SEBI
D
All of the above

Question 72Single Answer

In the call/ notice money market, which of the following -ed to trade ?

A
All Banks, Primary Dealers and Mutual Funds
B
All Corporates
C
Only Commercial Banks
D
All of the above

Question 73Single Answer

Match the items of list –I   and list –II   and select the correct answer
List –I                                                List – II
(i) Private ownership and                  (a)   Secondary   market
         Free Enterprise
(ii) Government ownership and           (b) Capitalism
Central Authority
(iii) The market for the sale and       (c) Primary Market
Purchase of   previously   issued
(iv) The market for   new long term     (d) Socialism
        capital
Codes :

A
(i) (ii) (iii) (iv)
(b) (d) (a) (c)
B
(a) (b) (c) (d)
C
(b) (d) (c) (a)
D
(a) (c) (b) (d)

Question 74Single Answer

The apex consumer court in India is referred to as

A
The Consumer Education and research Centre
B
The Consumer Unity and Trust society.
C
The Consumer Unity and Trust society.
D
None of the above

Question 75Single Answer

Who is Chairman of 13^thFinance commission ?

A
Dr. C. Rangarajan
B
Mr. Vimal Jalan
C
Dr. Vijay C. Kelkar
D
None of the above

Question 76Single Answer

Insurance expenses paid to bring an equipment from the place To the place of installation is a type of

A
Revenue expenditure
B
Capital expenditure
C
Deferred revenue expenditure
D
Operating expense

Question 77Single Answer

ABC Ltd was incorporated with an authorized share Capital of : 1,00,000Equity share of : 10 each. The Board of Directors the company decided toAllot 10,000 shares credited as fully paid to the promoters of the company For their services. Which account should be debited in the books of ABC ltd

A
Promoter’s account
B
Services Account
C
Goodwill account
D
Share Capital Account

Question 78Single Answer

In a reconstruction scheme, the reducholders in respect of capital may Take the form of

A
Reducing the liability of the shareholders in respect of any unpaid amo- Unt on shares held by them.
B
Paying - off any paid – up share capital which is in excess of its require-Ment.
C
Cancelling any paid- up share capital which is lost or unrepresented by Available assets.
D
All of the above

Question 79Single Answer

While determine the normal rate of return for the valuation of share in market Value Method, which of the following should be taken into consideration ?

A
The degree of rick involved.
B
The current rate of interest on gilt-edged securities
C
Weighted average cost of capital
D
All of the above

Question 80Single Answer

Assertion (A) : Want – satisfying power of a commodity is called its utility.
Reason (R) :Utility may not have the characteristic of morality.
Codes :

A
Both (A) and (R) are correct
B
(A) is correct, but (R) is not correct
C
Both (A) and (R) are not correct
D
(R) is correct, but (A) is not correctAns. (a)

Question 81Single Answer

Which of the following denote the structural changes in Indian economy ?

A
Primary sector contribution has gone down.
B
Service sector contribution has gone up
C
Secondary sector has not changed much
D
All of the

Question 82Single Answer

Broad Money has to be sensitized through :

A
CRR
B
SLR
C
Repo Rate
D
All of these

Question 83Single Answer

Which one is not an element of legal environment ?

A
Act of Parliamentarians in Lok Sabah
B
Indian Contract Act, 1872
C
Indian Partnership Act, 1932
D
\Negotiable instruments Act, 1881

Question 84Single Answer

Out of the following Which are foure dimensions of Human Development Index ?
(i) Life Expectancy                            (ii) Literacy Level
(iii) Success Rate of Marriages (iv) Standard of Living
(v) Crime Rate                                  (vi) Corruption Level
(vii) Economic Entitlement               (viii) Foreign Visits
Codes :

A
(i),(ii), (vi) and (viii)
B
(i),(ii), (iv) and (vii)
C
(ii), (iii), (vi)and (vii)
D
(iii), (v), (vii) and (viii)

Question 85Single Answer

Public Enterprise is defined as :

A
An organization run by joint efforts of Centre and State Goverments.
B
An organization which caters to the needs relating to public utilites.
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.

Question 86Single Answer

Match list –I with list –II   and select the correct   Answer .
List –I List – II
(i) Measurement of in           (a) Accrues to the equity of   owners come
(ii) Recognition of   expen     (b) Recognition of   revenuese
(iii) Basis of   realiza-            (c) Mathching revenue with expensesation
(iv) Identification of rev        (d) Accounting periodenue
Codes :

A
(i) (ii) (iii) (iv)
(a) (b) (c) (d)
B
(b) (a) (c) (d)
C
(c) (d) (a) (b)
D
(c) (d) (b) (a)

Question 87Single Answer

Consider the following items :
(i) Debentures (ii) Prepaid rent
(iii) Interest accrued (iv) Bank overdraft
Which of them are current liabilities ?

A
(i), (ii), (iii) and (iv)
B
(iv)
C
(ii), (iii) and (iv)
D
(i), (ii), and (iii)

Question 88Single Answer

Conversion cost is the sum of :

A
Indirect wages and factory overhead
B
Direct wages, direct expenses and factory overhead
C
Direct material cost and indirect wages
D
Prime cost and selling & distribution overhead

Question 89Single Answer

Assertion (A) :Premium received on issue of shares is credited to sharesPremium account but not to profit and Loss account.
Reason (R) :Since share premium is not a trading profit, It is not distributed To shares holders.

A
Both (A) and (R) are true but (R) is not correct explanation to (A).
B
(A) is false but (R) is correct.
C
Both (A) and (R) are true and (R) is correct explanation to (A).
D
(A) is correct but (R) is false.

Question 90Single Answer

Consider   the following :
(i) Basic   defensive and interval ratio              (ii)   Current ratio
(iii) Super quick ratio                                            (iv) Quick ratio
Arrange these ratios in sequence to   reflect the liquidity in descending   order.

A
(ii), (iv), (iii) and (i)
B
(i), (ii), (iv) and (iii)
C
(iv), (ii), (iii) and (i)
D
(iii), (iv), (i) and (ii)

Question 91Single 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:

A
Both (A) and (R) are true and (R) is correct explanation of (A).
B
Both (A) and (R) are true and (R) is not correct explanation of (A).
C
(A) is true but (R) is false.
D
(A) is false but (R) is true.

Question 92Single 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:

A
(a) (b) (c) (d)
(i) (ii) (iii) (iv)
B
(iii) (i) (ii) (iv)
C
(iv) (iii) (i) (ii)
D
(ii) (i) (iv )(iii)

Question 93Single Answer

Which of the following factor is not directly responsible for slowing down the growth of infrastructure?

A
High level of perceived political risk.
B
High level of sunk cost.
C
High probability of time and cost over-run.
D
Introduction of competition in all sectors.

Question 94Single Answer

Out of the following which is not a major component of Gross Domestic Product (GDP)?

A
Personal Consumption Expenditure
B
Gross Private Domestic Investment
C
Net Personal Income
D
Net Exports

Question 95Single Answer

Which of the following is not a forum of Consumer Dispute Redressal System?

A
Local forum
B
Distirct forum
C
State forum (State Commission)
D
National Commission

Question 96Single Answer

The first macro-environmental force that a business firm generally monitors is

A
Economic environment
B
Demographic environment
C
Technological environment
D
International, Political environment

Question 97Single 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

A
Rs. 1,10,000
B
Rs. 27,000
C
Rs. 17,500
D
Rs. 70,000

Question 98Single Answer

Which of the following is deferred revenue expenditure?

A
Legal expenses incurred on the purchase of land.
B
Expenses on a mega advertisement campaign while launching a new product.
C
Expenses incurred on installation of a new machine.
D
Wages paid for construction of an additional room in a building.

Question 99Single Answer

The amount of depreciation charged to Profit and Loss Account varies every year under:

A
Fixed installment method
B
Annuity Method
C
Diminishing method
D
Insurance policy method

Question 100Single Answer

Ordinal utility analysis of the consumer’s behavior is considered superior to the cardinal utility analysis mainly due to :

A
Assumption of the rationality of the consumer’s behavior.
B
Possibility of the derivation of the consumer's demand.
C
Bifurcation of price effects into income and substitution effects.
D
Consideration of the available limited resources for satisfying
consumer’s demand.

Question 101Single Answer

Companies Act is governed by

A
RBI
B
SEBI
C
Partnership Act
D
Ministry of Corporate Affairs

Question 102Single Answer

Own shares purchased by a company with a view to reduce its capital is called

A
sale
B
Purchase
C
buy-back
D
Private placement

Question 103Single Answer

A company in which there is only one member is called

A
one member company
B
one person company
C
single company
D
Individual company

Question 104Single Answer

Shares which have preferential rights are called

A
Equity share
B
Preference share
C
Debenture
D
Bond

Question 105Single Answer

Which of the following is the registered capital of the company ?

A
Nominal capital
B
Authorised capital
C
Share capital
D
Both (a) and (b)

Question 106Single Answer

Capital which is called only at the time of winding-up of the company is called

A
Capital reserve
B
Reserve capital
C
Secure capital
D
Authorised capital

Question 107Single Answer

Which kind of preference share entitIes its holders to receive arrear of dividends of previous years ?

A
Cumulative preference share
B
Non-cumulative preference share
C
Convertible preference share
D
Non-convertible dividend share

Question 108Single Answer

Which document is an invitation offer to public to subscribe for company’s share ?

A
Red herring prospectus
B
Prospectus
C
In lieu of prospectus
D
None of the above

Question 109Single Answer

The balance of share forfeiture account can be used to

A
Provide for discount given at the time of reissue
B
Write-off preliminary expenses
C
Write-off bad debts
D
None of the above

Question 110Single Answer

A company issued 25,000 shares and received applications for 35,000 shares. Company wants to allot shares to everyone who has applied. What will be the ratio for allotment ?

A
6 : 7
B
7: 5
C
5 : 7
D
7 : 6

Question 111Single Answer

An efficient control system helps to

A
Accomplish organisational objectives
B
Boost employee morale
C
Judge accuracy of standards
D
All of the above

Question 112Single Answer

Controlling function of an organisation is

A
Forward-looking
B
Backward-looking
C
Forward as well as backward-looking
D
None of the above

Question 113Single Answer

Management audit is a technique to keep a check on the performance of

A
Company
B
Management of the company
C
Shareholders
D
Customers

Question 114Single Answer

Budgetary control requires the preparation of

A
Training schedule
B
Budgets
C
Network diagram
D
Responsibility centres

Question 115Single Answer

Which of the following is not applicable to responsibility accounting ?

A
Investment centre
B
Accounting centre
C
Profit centre
D
Cost centre

Question 116Single Answer

“Managerial control implies the measurement of accomplishment against the standard and the correction of deviations to assure attainment of objectives according to plans.” This definition has been given by

A
Koontz and O’ Donnell
B
Peter Drucker
C
Henri Fayol
D
Chester Barnard

Question 117Single Answer

Which of the following describes the nature of controlling ?

A
Goal-oriented process
B
Pervasive function
C
Continuous process
D
All of these

Question 118Single Answer

Controlling provides direction to all activities and each department and employee is governed by predetermined standards, which helps in establishing ......... among them.

A
Organising
B
Directing
C
Planning
D
Co-ordination

Question 119Single Answer

Which of the following factor(s) is/are beyond the control of an organisation ?

A
Change in government policies
B
Change in technology
C
Competition level
D
All of the above

Question 120Single Answer

Controlling is a pervasive function because it is performed

A
In all organisations whether profit making or non profit making
B
At all levels of management to ensure that the work at every stage is performed as planned
C
Goal oriented process
D
Both (a) and (b)

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