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 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 5Single 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 6Single 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 7Single 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 8Single 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 9Single 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 10Single 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 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
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 13Single Answer
Which of the following numbers is irrational ?
A
√49
B
0.125
C
√2
D
22/7
Question 14Single Answer
356 x 936 – 356 x 836 = ?
A
35600
B
34500
C
9630
D
93600
Question 15Single 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 16Single Answer
Passage :
information given below and answer the question that follow.
The result of an exam is given below. Out of 1000 students who appeared
(i) 658 failed in Physics
(ii) 166 failed in Physics and Chemistry
(iii) 372 failed in Chemistry, 434 failed in Physics and Maths
(iv) 590 failed in Maths, 126 failed in Maths & Chemistry
Find the number of people who failed in (assuming that none is passed in all subjects.
We have the following equations:
a+ b + c + d + e + f + g = 1000
a + b + d + e = 658, b + d = 166
b + d + c + f = 372
d + e = 434 as in the figure.
d + e + f + g = 590, d + f = 126. Find the values
Chemistry but not in Physics.
A
318
B
198
C
213
D
206
Question 17Single 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 18Single Answer
How many districts are there in Uttar Pradesh
A
60
B
57
C
75
D
87
Question 19Single Answer
What are the official languages of Uttar Pradesh ?
A
Hindi & Urdu
B
Only Hindi
C
Only Urdu
D
Kumaoni
Question 20Single Answer
How many members of Lok Sabha from Uttar Pradesh ?
A
56
B
78
C
80
D
51
Question 21Single Answer
How many members of Rajya Sabha from Uttar Pradesh ?
A
45
B
51
C
31
D
77
Question 22Single Answer
What is the state flower of Uttar Pradesh ?
A
Lily
B
Rose
C
Palash
D
Sunflower
Question 23Single Answer
"Who said, 'India was a parrot unto itself'?
A
Malik Muhammad Joyce
B
Raskhan
C
Rich Khusrow
D
Rich Hasan
Question 24Single Answer
Which is the national game of Bhutan ?
A
badminton
B
basketball
C
football
D
archery
Question 25Single Answer
Who is known as the "Missile Man of India"?
A
Dr. Homi J. Bhabha
B
Dr. Vikram Sarabhai
C
Dr. APJ Abdul Kalam
D
Dr. Satish Dhawan
Question 26Single Answer
Who became the longest-serving continuous Finance Minister of India and presented her ninth straight Union Budget on February 1, 2026?
A
Nirmala Sitharaman
B
Arun Jaitley
C
Pranab Mukherjee
D
P. Chidambaram
Question 27Single Answer
How many Ramsar sites does India now have after adding two new ones (in Uttar Pradesh and Gujarat) in early February 2026?
A
98
B
97
C
96
D
100
Question 28Single Answer
In which rank did India stand in the Global Soft Power Index 2026, as reported around February 2026?
A
25th
B
32nd
C
28th
D
35th
Question 29Single Answer
What did the Supreme Court of India declare as a fundamental right in schools around February 2026?
A
Free education up to class 12
B
Sports infrastructure
C
Digital literacy programs
D
Menstrual health facilities
Question 30Single Answer
Which organization plans to launch India's first-ever National Household Income Survey (NHIS) and Annual Survey of Incorporated Service Sector Enterprises (ASISSE) starting April 2026?
A
RBI
B
SEBI
C
NITI Aayog
D
NSO (National Statistical Office)
Commerce
Question 31Single 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 32Single 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 33Single 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 34Single 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 35Single 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 36Single 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 37Single 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 38Single 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 39Single 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 40Single 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 41Single Answer
Who is Father of Scientific Management ?
A
Henry Fayol
B
Elton Mayo
C
Chester Bernard
D
F. W. Taylor
Question 42Single Answer
Appointment of a Company Secretary is made by –
A
Promoters
B
Board of Directors
C
Debenture holders
D
Government
Question 43Single Answer
Bonus Shares are issued to –
A
Equity Shareholders
B
Preference Shareholders
C
Debenture Holders
D
Secured Creditors
Question 44Single 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 45Single Answer
Rs. 10,000 spent on the replacement of worn out parts of an electronic machinery is treated as –
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Commerce
Question 51Single 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 52Single 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 53Single Answer
……........… has been founded to act as permanent watchdog on the international trade .
A
ISRD
B
ADS
C
WTO
D
DIMF
Question 54Single 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 55Single 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 56Single 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 57Single 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 58Single Answer
Memorandum of Association contains –
A
Objective clause
B
Name clause
C
Capital clause
D
All of the above
Question 59Single 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 60Single 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 61Single 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 62Single 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 63Single 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 64Single 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 65Single 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 66Single 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 67Single 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 68Single 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 69Single 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 70Single 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 71Single 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 72Single 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 73Single 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 74Single Answer
The Memorandum of Association shall be signed by each –
A
director
B
shareholder
C
subscriber
D
promoter and director
Question 75Single 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 76Single 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 77Single 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 78Single 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 79Single 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 80Single 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 81Single 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 82Single 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 83Single 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 84Single 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 85Single 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 86Single 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 87Single 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 88Single Answer
‘Profit objective’ is of least priority in case of –
A
Private enterprise
B
Public enterprise
C
Department undertaking
D
Cooperative society
Question 89Single 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 90Single 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 91Single Answer
Subscriptions received in advance by a club are shown :
A
In the credit side of the Income and Expenditure Account.
B
In the assets side of the Balance Sheet.
C
In the liabilities side of the Balance Sheet.
D
In the payments side of Receipts and Payments Account.
Question 92Single Answer
The opening balance of Prize Fund was ₹ 32,800. During the year, donations received towards this fund amounted to ₹ 15,400; Amount spent on prizes was ₹ 12,300 and interest received on prize fund investment was ₹ 4,000. The closing balance of Prize Fund will be :
A
₹ 56,500
B
₹ 64,500
C
₹ 39,900
D
₹ 31,900
Question 93Single Answer
Incase of partnership the act of any partner is :
A
Binding On all partners.
B
Binding on that partner only.
C
Binding on all partners except that particular partner.
D
None of the above.
Question 94Single Answer
Receipts and Payments Account is a summary of :
A
Debit and Credit balances of Ledger Account.
B
Cash receipts and payments.
C
Incomes and Expenses.
D
Balances of assets and liabilities.
Question 95Single Answer
Amount received from sale of grass by a club should be treated as :
A
Capital Receipt.
B
Revenue Receipt.
C
Asset.
D
Earned Income.
Question 96Single Answer
Not-for-Profit Organisations prepare :
A
Income and Expenditure Account.
B
Trading and Profit and Loss Account.
C
Only the Trading Account.
D
None of the above.
Question 97Single Answer
Income and Expenditure Account reveals :
A
Surplus or Deficiency.
B
Cash in Hand.
C
Net Profit.
D
Capital Account.
Question 98Single Answer
Receips and Payments Account generally shows :
A
A Debit balance.
B
A Credit balance.
C
Surplus or Deficit.
D
Capital Fund.
Question 99Single Answer
Subscription received in advance during the current year is :
A
An income.
B
An asset.
C
A liability.
D
None of these.
Question 100Single Answer
Receipts and Payments Account is a :
A
Nominal Account.
B
Real Account.
C
Personal Account.
D
None of these.
Question 101Single Answer
Which of the following is not an example of social environment ?
A
Equal pay to male and female workers for equal work
B
Import of animal fat for manufacturing Vanaspati ghee was banned by the government
C
Cell phone have taken over the market from landline phone
D
All of these
Question 102Single Answer
Which of the following is an example of social environment ?
A
Money supply in the economy
B
Consumer Protection Act
C
The Constitution of the country
D
Composition of family
Question 103Single Answer
The importance of business environment is :
A
Identifying first mover advantage
B
Improving in performances
C
Coping with rapid changes
D
All of these
Question 104Single Answer
As a foreign tourist visited India, he noticed that Indian markets, tastes, trends and regulations were different from that of his country. Which feature of business environment is reflected here ?
A
Business environment has uncertainty
B
Business environment is dynamic
C
Business environment is a relative concept
D
All of the above
Question 105Single Answer
Demand for LED TVs are increasing day by day. Thus, TV manufacturers have started making LED TVs instead of LCD. Identify the significance of business environment being portrayed in the given case :
A
Helpful in tapping useful resources
B
Helps the firm to identify threats and early warning signals
C
Helps in coping with rapid changes
D
All of the above
Question 106Single Answer
Booking of railway tickets through internet from home is an example of :
A
Economic environment
B
Political environment
C
Technological environment
D
None of these
Question 107Single Answer
"Trends refer to changes and inclination towards new products and services”. This statement describes significant effect of which environment on business ?
A
Economic environment
B
Social environment
C
Political environment
D
None of the above
Question 108Single Answer
Which dimension of business environment is concerned with improvement and innovations, which provides new ways of producing goods and services ?
A
Technological environment
B
Economic environment
C
Legal environment
D
None of the above
Question 109Single Answer
Which is the process of analysing the environment for the identification of factors which have impact on or have implication for the business :
A
Environment forecasting
B
Environment assessment
C
Environment scanning
D
None of these
Question 110Single Answer
Just after declaration of Lok Sabha elections 2009 results, the Bombay Stock Exchange price index rose by 2100 points in a day. This statement signifies the effect of which environment ?
A
Technological environment
B
Political environment
C
Legal environment
D
Economic environment
Question 111Single Answer
Which of the following country is growing mainly due to manufacturing sector ?
A
India
B
China
C
Pakistan
D
Both (a) and (b).
Question 112Single Answer
China moving ahead of India and Pakistan is true for which indicator ?
A
GDP per capita.
B
Proportion of population below poverty line.
C
HDI ranking.
D
All the above.
Question 113Single Answer
Which of the following country has lowest sex ratio ?
A
India.
B
China.
C
Pakistan.
D
Both (a) and (b).
Question 114Single Answer
Which of the following country can be called least developed keeping all factors in mind ?
A
India
B
China
C
Pakistan
D
Both (a) and (b).
Question 115Single Answer
China announced its First Five Year Plan in :
A
1951
B
1952
C
1953
D
1954
Question 116Single Answer
According to demographic parameters, the density of population is lowest in :
A
China.
B
India.
C
Pakistan.
D
Both (b) and (c).
Question 117Single Answer
What was the alternative name of First Five Year Plan in 1956 of Pakistan ?
A
Long-term plan.
B
Medium-term plan.
C
Short-term plan.
D
None of these.
Question 118Single Answer
Growth rate of population is highest in which of the following countries ?
A
India.
B
Pakistan.
C
China.
D
All of these.
Question 119Single Answer
When were economic reforms introduced in China ?
A
1991
B
1978
C
1996
D
1988
Question 120Single Answer
When were economic reforms introduced in Pakistan ?
A
1991
B
1978
C
1996
D
1988
Question 121Single Answer
Companies Act is governed by
A
RBI
B
SEBI
C
Partnership Act
D
Ministry of Corporate Affairs
Question 122Single 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 123Single 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 124Single Answer
Shares which have preferential rights are called
A
Equity share
B
Preference share
C
Debenture
D
Bond
Question 125Single 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 126Single 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 127Single 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 128Single 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 129Single 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 130Single 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 131Single 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 132Single 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 133Single 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 134Single Answer
Budgetary control requires the preparation of
A
Training schedule
B
Budgets
C
Network diagram
D
Responsibility centres
Question 135Single Answer
Which of the following is not applicable to responsibility accounting ?
A
Investment centre
B
Accounting centre
C
Profit centre
D
Cost centre
Question 136Single 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 137Single 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 138Single 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 139Single 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 140Single 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)
Question 141Single Answer
Which of the following is related to microeconomics ?
A
Inflation in the economy
B
Problem of unemployment
C
National Income
D
Income from the railways
Question 142Single Answer
The study of microeconomics and macro economics is.
A
Independent of each other
B
Interrelated to each other
C
Both (a) and (b)
D
None of these
Question 143Single Answer
Who is the father of economics ?
A
Karl Marx
B
J.M. Keynes
C
Adam Smith
D
Alfred Marshall
Question 144Single Answer
In economics, scarcity refers to a situation when.
A
Demand for goods exceeds its supply
B
Supply of goods exceeds its demand
C
Supply of goods is equal to its demand
D
Both (a) and (b)
Question 145Single Answer
...... economics states 'what is’ and not 'what should be.
A
Positive
B
Normative
C
Modern
D
None of these
Question 146Single Answer
...... are the important tools of macroeconomic studies.
A
Demand and supply
B
Aggregate demand and aggregate supply
C
Exports and imports
D
All of the above
Question 147Single Answer
Which of the following questions is/are the part of normative economics ?
A
What are the causes of un employment
B
Why prices are rising
C
Was demonetisation justified
D
All of the above
Question 148Single Answer
Which of the following is not a macro variable ?
A
Wholesale price index
B
Output of firm
C
Aggregate demand
D
Aggregate supply
Question 149Single Answer
In free market economy, the allocation of resources is determined by ......
