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Objective Questions

Latest WB SET Commerce Exam Question (Objective Questions), MCQ in English

Subjects : Commerce

Question Bank WB SET Commerce Paper-II Exam - English
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Commerce

Question 1Single 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 2Single 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 3Single Answer
Bonus Shares are issued to –
  1. A
    Equity Shareholders
  2. B
    Preference Shareholders
  3. C
    Debenture Holders
  4. D
    Secured Creditors
Question 4Single 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 5Single 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 6Single Answer
EPS is calculated as –
  1. A
    EBIT / Equity shares
  2. B
    EBIT – Preference Dividend / Equity shares
  3. C
    EAT / Equity shares
  4. D
    EAT – Preference Dividend / Equity shares
Question 7Single Answer
Which is the oldest form of organisation ?
  1. A
    Line
  2. B
    Line and staff
  3. C
    Functional
  4. D
    Matrix
Question 8Single Answer
In ‘Direction’ who is given importance ?
  1. A
    To machines
  2. B
    To paper work
  3. C
    To man
  4. D
    To production
Question 9Single Answer
Standard costing is a technique of –
  1. A
    Planning
  2. B
    Organising
  3. C
    Coordination
  4. D
    Control
Question 10Single Answer
‘Table A’ is an alternative to –
  1. A
    Prospectus
  2. B
    Articles of Association
  3. C
    Memorandum of Association
  4. D
    None of the above
Question 11Single Answer
FEMA stands for –
  1. A
    Foreign Exchange Management Act
  2. B
    Funds Exchange Management Act
  3. C
    Finance Enhancement Monetary Act
  4. D
    Future Exchange Management Act
Question 12Single Answer
What of the following is false about W.T.O. ?
  1. A
    It is the main organ for implementing the Multilateral Trade Agreement
  2. B
    It is global in its membership
  3. C
    It has far wider scope than GATT
  4. D
    Only countries having more than prescribed level of total GDP can become its member
Question 13Single Answer
……........… has been founded to act as permanent watchdog on the international trade .
  1. A
    ISRD
  2. B
    ADS
  3. C
    WTO
  4. D
    DIMF
Question 14Single Answer
Which of the following statement is correct ?
  1. A
    The disinvestment programme has been successfully carried out in India
  2. B
    Privatisation up to 100% has been carried out in all the PSU in India
  3. C
    Under strategic sale method of disinvestment, the government sells a major share to a strategic partner
  4. D
    None of the above
Question 15Single Answer
Advance Income-tax is shown in the –
  1. A
    Debit side of Profit and Loss Account
  2. B
    Liability side of the Balance Sheet
  3. C
    Credit side of Profit and Loss Account
  4. D
    Assets side of the Balance Sheet
Question 16Single Answer
In the absence of a Partnership Deed, the rate of interest allowed on the partner’s loan to the firm is –
  1. A
    5%
  2. B
    6%
  3. C
    10%
  4. D
    None of the above
Question 17Single Answer
Interim Dividend is shown –
  1. A
    In Profit and Loss Account
  2. B
    In Profit and Loss Appropriation Account
  3. C
    On Asset side of Balance Sheet
  4. D
    On Liabilities side of Balance Sheet
Question 18Single Answer
Memorandum of Association contains –
  1. A
    Objective clause
  2. B
    Name clause
  3. C
    Capital clause
  4. D
    All of the above
Question 19Single 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:
  1. A
    Negotiable Instruments Act, 1881
  2. B
    Reserve Bank of India Act, 1934
  3. C
    Banking Regulation Act, 1949
  4. D
    RBI Clearing House Rules
Question 20Single Answer
By which of the following methods a Company Secretary can be removed from his post ?
  1. A
    By passing a resolution in Board Meeting
  2. B
    By order of Registrar of Companies
  3. C
    By passing a resolution in Annual General Meeting
  4. D
    None of the above
Question 21Single 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 22Single 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 23Single 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 24Single 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 25Single 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 26Single 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 27Single Answer
The basic method of valuing human assets is :
  1. A
    Adjustment
  2. B
    Amortization
  3. C
    Capitalization
  4. D
    Quasi equity
Question 28Single 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 29Single 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 30Single 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 31Single Answer
In Cobb-Douglas production function, Q=AKαLβ increasing returns to scale occurs when :
  1. A
    α + β > 1
  2. B
    K + L > 1
  3. C
    α + β < 1
  4. D
    K + L < 1
Question 32Single Answer
The extreme case of non-price competition in an Oligopoly is :
  1. A
    Formation of cartels
  2. B
    Interdependent decision-making
  3. C
    Attaining economies of scale
  4. D
    Formation of duopoly
Question 33Single Answer
Pecking order theory in finance is based on the assertion of :
  1. A
    Asymmetric information between managers and investors
  2. B
    Symmetric information between managers and investors
  3. C
    Outside information
  4. D
    Asymmetric information among investors only
Question 34Single Answer
If a project cost is Rs. 40,000. Its stream of earning before depreciation and tax during first year through five years is expected to be Rs. 10,000, Rs. 12,000, Rs. 14,000, Rs. 16,000 and Rs. 20,000. Assume a 50% tax rate and depreciation on straight line basis; project’s ARR is :
  1. A
    14.40%
  2. B
    72%
  3. C
    16%
  4. D
    55.56%
Question 35Single Answer
According to the theory of dividend the firm should follow its investments policy of accepting all positive NPV projects and paying out dividends if and only if, funds are available :
  1. A
    Bird in hand theory
  2. B
    Investor rationality theory
  3. C
    100 percent retention theory
  4. D
    Residual theory
Question 36Single Answer
In Securitisation when no assets are acquired and the collateral is fixed for the life of the asset,the type of a structure is called as :
  1. A
    Revolving structure
  2. B
    Amortized structure
  3. C
    Collateralized structure
  4. D
    Self-liquidating structure
Question 37Single Answer
For a very large sample size the ratio between  and σ is 8 : 40. Determine the sample size 𝓷 :
  1. A
    25
  2. B
    5
  3. C
    4
  4. D
    16
Question 38Single Answer
For a given set of paired data, the correlation and regression coefficients have been calculated as being equal to r,bxy and byx respectively. Now, each of values of x series is divided by 5. What effect does it have on each of these co-efficients ?
  1. A
    The three co - efficients remain unchanged
  2. B
    There is no change in r but by x changes to byx/5and bxy changes to 5bxy
  3. C
    Each of the co-efficients will be reduced to one fourth of its value
  4. D
    There is no change r but byx changes to 5byx and bxy chages to bxy/5
Question 39Single Answer
Which of the following statement is correct ?
  1. A
    Co-efficients of variance 
  2. B
    If value in a series are negative, the standard deviation is also negative
  3. C
    If value in a series multiplied by σ, the variance would be multiplied by 36
  4. D
    Standard deviation is equal to square of variance
Question 40Single Answer
For a poisson distribution variable X, P(X=0) = 2P(X=1), its standard deviation would be :
  1. A
  2. B
    0.5
  3. C
  4. D
    2
Question 41Single Answer
A test that contains a fair sample of the tasks and skills actually needed for the job in question is :
  1. A
    Construct validity
  2. B
    Content validity
  3. C
    Test validity
  4. D
    Criterion validity
Question 42Single Answer
Which among of the following is not a primary determinant of organizational structure ?
  1. A
    Chain and span
  2. B
    Capacity and lower needs
  3. C
    Power and control
  4. D
    Differentiation and integration
Question 43Single Answer
An act in a way that results in the greatest good for the greatest number is :
  1. A
    The golden rule
  2. B
    The utilitarian principle
  3. C
    The four way test
  4. D
    Kant’s categorical imperative
Question 44Single Answer
People repeat behaviors that bring them satisfaction and pleasure and stop those that bring them dissatisfaction or pain is known as :
  1. A
    Law of exercise
  2. B
    Law of redo
  3. C
    Low of effect
  4. D
    Low of readiness
Question 45Single Answer
Which one of the following statements is true about under the Base I Accord, BCBS, fixed the minimum requirement of capital fund for banks at ?
  1. A
    8 percent of the total risk weighted assets
  2. B
    9 percent of the total risk weighted assets
  3. C
    10 percent of the total risk weighted assets
  4. D
    1000 crore
Question 46Single Answer
Which of the following statement is correct relating to Indian Financial System ?
  1. A
    RBI has direct supervision over depositories and mutual funds
  2. B
    Monetary control is exercised through cash reserve ratio and statutory liquidity ratio
  3. C
    Primary dealers mainly deal in shares, mutual fund units
  4. D
    The decrease in statutory liquidity ratio contracts the credit creation
Question 47Single Answer
Which one of the following is not one of the advantages of Derivatives market ?
  1. A
    Leveraging increases risk
  2. B
    They enhance liquidity in the market for underlying assets
  3. C
    They represent a form of insurance against risks
  4. D
    They reduce price volatility
Question 48Single Answer
Which one of the following statements is not true about Indian Money Market ?
  1. A
    Non-Banking Finance Companies (NBFCs) are financial institutions that constitute organized component of money market
  2. B
    Money market mutual funds are allowed to sell units to corporates and individuals
  3. C
    A Well-developed money market is essential for a modern economy
  4. D
    In the Indian Money Market, the predominant place is enjoyed by government and semi-government securities
Question 49Single Answer
Which of the following is not true while determining length of distribution channel ?
  1. A
    The larger the market size, the longer the channel
  2. B
    If the average lot size is large, it is better to have a longer channel
  3. C
    If the product and the market require a high level of service, it is advisable to keep a shorter channel
  4. D
    If customers shop for an assortment of products, it demands for a water channel of distribution
Question 50Single Answer
Which of the following can be categorized as people processing services ?
  1. A
    Health care
  2. B
    Legal services
  3. C
    Education
  4. D
    Transportation
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