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F.Y.B.COM, Foundation Course, Question Bank

F.Y.B.Com Foundation Course MCQ PDF / Foundation Course F.Y.B.com Foundation Course

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  F.Y.B.Com Foundation Course     1. The transfer of control of ownership from the public sector to the private sector is called as __________. a. Liberalisation b. Privatisation c. Globalisation d. Industrialisation ANS: B   2. The term __________ refers to the integration of the economy of the nation with the world economy; it is a multifaceted aspect. a. Liberalisation b. Privatisation c. Globalisation d. Disinvestment ANS: C     3. The New Economic Policy was announced on 24th July 1991 by the then Finance Minister of India ________________. a. P. Chidambaram b. Manmohan Singh c. Arun Jaitley d. Pranab Mukherjee ANS: B     4. The main reason behind MNCs investments is ______________. a. to provide employment b. to provide financial support to the country’s government c. for the welfare of underprivileged people d. to increase the assets and earn profits ANS: D   5. _______________ is the Largest IT company in India in terms of Revenue. a. Tata Consultancy Service b. Infosys c. Wipro d. HCL Technologies ANS: A   6. ______________ is NOT an advantage of ICT sector growth in India. a. Better communication b. Cost effectiveness c. 24 x 7 operations d. Cyber crime ANS: D   7. ________ is a set of satellite and control system that determine its location anywhere on the Earth, 24 hours a day. a. GIS b. WWW c. GPS d. Gmail ANS: C   8. The internet has made the whole world a _______________. a. Global Company b. International Company c. International Company d. Global Village ANS: D   9. Human ___________ involves the movement of people from one place to another with intentions of settling, permanently or temporarily, at a new location (geographic region). a. Development b. Psychology c. Migration d. Rights ANS: C   10. When people migrate due to drought, flood, war, famine and other adverse conditions it is known as _______________. a. Forced migration b. Impelled migration c. Long-term migration d. Short-term migration ANS: A   11. After 1991, the employment in the public sector has ____________. a. Increased b. Decreased c. Not changed d. Become zero ANS: B   12. ___________ is NOT an impact of migration on Countries of origin. a. Improvement in the lifestyle b. Increasing consumerism c. Brain gain d. Decrease in population pressure ANS: C   13. The majority of Indian population is engaged in the ______________ sector. a. Agriculture b. Industry c. Service d. Healthcare ANS: A   14. The ____________ revolution was responsible for substantial increase in food grain production in India. a. White b. Blue c. Green d. Yellow ANS: C   15. ____________ is NOT true as per the WTO’s Agreement on Agriculture. a. Tariff reduction b. Increase in market access c. Reduction in export subsidies d. Increase in domestic subsidies ANS: D   16. ____________ is NOT a cause of farmers’ suicide in Maharashtra. a. Crop failure b. Increasing cost of production c. Debt trap d. Remunerative prices of crops ANS: D   17. Human Rights have ___________ application. a. Social b. Universal c. Economical d. Political ANS: B   18. The General Assembly adopted the UDHR on ___________, at Paris. a. 10th December, 1948 b. 12th December, 1948 c. 10th December, 1950 d. 12th December, 1950 ANS: A   19. The Right to Freedom is enumerated in the Article __________ of Indian Constitution. a. 17 b. 18 c. 19 d. 16 ANS: C   20. Human Rights are derived from the principle of ___________ law. a. Government b. Natural c. Judicial d. Human ANS: B   21. According to _______________, “Human rights are those conditions of social life without which no man can seek in general to be himself at his best.” a. United Nations b. Dr. Babasaheb Ambedkar c. Prof. Harold Laski d. Cultural dictionary ANS: C   22. The Constitution of India provides ____________ fundamental rights to citizens. a. Five b. Six c. Seven d. Eight ANS: B   23. The __________________ guaranteed civil and legal rights to the English barons in 1215. a. Magna Carta b. Petition of Rights c. Social Contract d. General Will ANS: A   24. The objective or Right to Freedom of Religion is to sustain the principle of ____________ in India. a. Communalism b. Regionalism c. Secularism d. Casteism ANS: C   25. The ____________ of the Constitution of India provides for equality before the law or equal protection of the laws within the territory of India. a. Article 14 b. Article 16 c. Article 18 d. Article 23 ANS: A   If You Need Most Importance MCQ PDF ECONOMICS Question Bank Than Pay Rs 100 Only  Contact 8652719712 / 8779537141  Join Telegram Group  Mumbai Univeersity :-   https://t.me/mumbaiuniversityidol   Suraj Patel Education :-   https://t.me/surajpateleducation   F.Y.J.C EXAM :-   https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :-   https://t.me/fyexam   S.Y EXAM :-   https://t.me/syexam   T.Y EXAM :-   https://t.me/tyexam   M.Com Part 1 EXAM :-   https://t.me/McomPart1Exam   M.Com Part 2 EXAM :-  https://t.me/McomPart2Exam       M.A EXAM :-   https://t.me/mastudentsexam        YouTube Channel    https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw       F.Y.B.COM Other Subject MCQ FINANCIAL MANAGMENT  F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/financial-managment-fybcom-mcq-pdf.html   BUSINESS COMMUNICATION F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/business-communication-fybcom-mcq-pdf.html   F.Y.B.COM Mathematical and Statistical Techniques MCQ PDF https://www.mumbaiuniversityidol.com/2021/04/fybcom-mathematical-mcq-pdf.html   F.Y.B.Com Commerce MCQ PDF https://www.surajpateleducation.com/2021/01/fybcom-commerce-mcq-pdf.html    F.Y.B.COM BUSINESS ECONOMICS https://www.mumbaiuniversityidol.com/2021/04/fybcom-mcq-for-business-economics.html F.Y.B.COM EVS https://www.mumbaiuniversityidol.com/2021/04/fybcom-environmental-studies-mcq-pdf.html

Accounts, Cost Accounting, Question Bank, T.Y.B.COM

Mumbai University T.Y.B. Com Cost Accounting MCQ PDF / T.Y.B. Com Cost Accounting MCQ

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  T.Y.B.COM Other Subject MCQ Financial Accounting https://www.surajpateleducation.com/2021/03/tybcom-financial-accounting-mcq-with.html   Marketing Research https://www.surajpateleducation.com/2021/01/marketing-research-tybcom-mcq-pdf.html   Human resource management https://www.surajpateleducation.com/2020/12/human-resource-management-tybcom-mcq.html   Cost Accounting https://www.surajpateleducation.com/2020/12/cost-accounting-tybcom-mcq-pdf.html   Business Economics https://www.surajpateleducation.com/2020/12/business-economics-tybcom-mcq-pdf.html   commerce https://www.surajpateleducation.com/2020/12/commerce-questions-and-answers-mcq-pdf.html   1. According to ICMA London, _______costing is “that form of specific order costing, which applies where work is undertaken to customers’ special requirements.” a. Job b. Batch c. Process d. Standard ANS: A   2. A method of costing applied where costs are collected and accumulated for each work order a. Process costing b. Contract costing c. Operating costing d. Job costing ANS: D   3. Which of the following statements is not true about job costing? a. Production always against customers’ orders b. Cost of each job ascertained separately c. Job is of equal or longer duration compared to contracts d. Job work is labour intensive ANS: C   4. Which is a method of specific order costing? a. Job costing b. Process costing c. Output costing d. Service costing ANS: A   5. The process of ascertaining cost after incurring expenses is called a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: B   6. Which technique of costing uses analysis of variances is a popular method for cost control? a. Absorption costing b. Marginal costing c. Uniform costing d. Standard costing ANS: D   7. _____ is the practice of charging all direct costs to operations, processes or products and writing off all indirect costs to Profit and Loss account. a. Direct costing b. Absorption costing c. Marginal costing d. Historical costing ANS: A   8. The processes of charging both fixed and variable to operations, processes or products is called _____ a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: C   9. Which technique of costing differentiates between fixed and variable cost to analyse effect of changes in volume or type of output on profit? a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: A   10. For recording the cost of each job, a job _____ is prepared. a. Profit & loss a/c b. Cost sheet c. Reconciliation statement d. None of the above ANS: B   11. What should be the price chargeable to a job if total cost incurred is Rs. 4830 and profit is 25% on sales? a. 1610 b. 1208 c. 1200 d. 1630 ANS: A   12. A factory uses job costing. Given details obtained from its books: Direct materials Rs.90000, Direct wages – Rs.75000, Selling OH – Rs.52500, Administration OH – Rs.42000, Factory OH – Rs.45000 & Profit – Rs. 60900. Calculate cost of production. a. Rs. 2,17,500 b. Rs. 2,07,000 c. Rs. 2,52,000 d. Rs. 2,10,000 ANS: C   13. The method of costing applied in special ship building is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B   14. Job costing is a. Method of costing b. Technique of costing c. Cost control technique d. Cost estimation ANS: A   15. Which of the following considers an ‘economic quantity’ for the purpose of cost reduction? a. Job costing b. Process costing c. Batch costing d. Contract costing ANS: C   16. The method of costing applied in cycle part manufacturing is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: A   17. The method of costing applied in a lathe is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B   18. Production order with respect to a job is issued by _______ department. a. Production b. Production Planning c. Purchase d. Sales ANS: B   19. Scope of specific order costing is very wide and includes a. Job, Batch and contract costing b. Process , Contract and unit costing c. Batch , Job and process costing d. Unit , service and transport costing ANS: A   20. Economic batch quantity is used in batch costing to a. Meet specific customer requirements b. Produce at the least possible cost c. In order to ensure stock in anticipation of demand d. None of these ANS: B   21. For identification, each job or work order received from a customer is allotted a a. Production order b. Batch number c. Job number d. Code number ANS: C   22. The method of costing used to ascertain the cost of customer specific jobs is a. Job costing b. Batch costing c. Contract costing d. Process costing ANS: A   23. On completion of a job, a job completion report is sent to a. Cost accounting department b. Storekeeper c. Customer d. Production department ANS: A   24. ______ is the authorization to start work on a job. a. Production order b. Requisition sheet c. Invoice d. Job cost sheet ANS: A   25. In job costing, the basic document to accumulate and ascertain the cost of each order is a. Purchase order b. Requisition sheet c. Invoice d. Job cost sheet ANS:   If You Need Most Importance MCQ PDF Cost Accounting Question Bank Than Pay Rs 100 Only  Contact 8652719712 / 8779537141  Telegram Group  Mumbai Univeersity :-   https://t.me/mumbaiuniversityidol   Suraj Patel Education :-   https://t.me/surajpateleducation   F.Y.J.C EXAM :-   https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :-   https://t.me/fyexam   S.Y EXAM :-   https://t.me/syexam   T.Y EXAM :-   https://t.me/tyexam   M.Com Part 1 EXAM :-   https://t.me/McomPart1Exam   M.Com Part 2 EXAM :-  https://t.me/McomPart2Exam       M.A EXAM :-   https://t.me/mastudentsexam        YouTube Channel    https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw    

Advertising, Question Bank, S.Y.B.COM

S.Y.B.COM ADVERTISING EXAM MCQ PDF

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  S.Y.B.COM ADVERTISING MOST IMP EXAM MCQ   1. ——— ads have audio visual impact. a) Newspaper b) Radio c) Television d) Magazine ANS: C   2. ——– ads have audio impact. a) Newspaper b) Radio c) Television d) Outdoor ANS: B   3. ——- advertising has short life. a) Radio b) Outdoor c) Magazine d) Newspaper ANS: A   4. Product demonstrations can be effectively shown in —– — advertising. a) Television b) Magazine c) Radio d) Outdoor ANS: A   5. ——— advertising provides reference value. a) Television b) Newspaper c) Radio d) Outdoor ANS: B   6. ——– advertising is best suited for local retailers. a) Newspaper b) Outdoor c) Magazine d) Television ANS: B   7. Window display is a form of ——– advertising. a) Radio b) Newspaper c) Online d) Point –of –purchase ANS: D   8. Pop-up windows are a form of ——- advertising. a) Internet b) out-of home c) Television d) Radio ANS: A   9. Advertising through SMS and MMS is a form of ——– advertising. a) Radio b) Outdoor c) Digital d) Newspaper ANS: C   10. ——— advertising has a longer life. a) TV b) Radio c) Magazine d) Newspaper ANS: C   11. ——– can provide media support with current events. a) Magazines b) Trade journals c) Newspaper d) Radio ANS: B   12. ———- provide interactive facility. a) Hoardings b) Internet c) Magazines d) TV ANS: B   13. ———- is the fastest growing advertising medium. a) Internet b) Newspaper c) Magazine d) Television ANS: A   14. ——— is a form of new age medium. a) Internet b) Newspaper c) Outdoor d) Magazines. ANS: A   15. ———– certifies and audits the circulation of major publications. a) ABC b) INS c) DD d) ASCI ANS: A   16. ———— are periodic publications. a) Newspapers b) Posters c) Magazines d) Banners ANS: C   17. Govt. of India started operating of radio broadcasting in ———-. a) 1930 b) 1940 c) 1955 d) 1925 ANS: A   18. The first TV commercial was transmitted in India on ————. a) 1st January 1967 b) 1ST January 1976 c) 1st January 1985 d) 1ST January 1996 ANS: B   19. ———— refers to advertising at cinema theatres. a) Radio advertising b) TV advertising c) Cinema advertising d) Internet advertising ANS: C   20. ———— also refers to online advertising and web advertising. a) Internet advertising b) Poster advertising c) Radio advertising d) Outdoor advertising ANS: A   21. Under ———— media scheduling strategy, advertiser start on a lower scale and gradually increase as the season peaks. a) Teaser-step-up b) Teaser –step-down c) Steady d) Pulsing ANS: A   22. ——— means planning the advertising expenditure. a) DAGMAR b) Media planning c) Bursting d) Advertising budget ANS: D   23. ——– method provides a logical basis for deciding ad budget. a) Competitors’ parity b) Task c) Percentage of sales d) Arbitrary ANS: B   24. ——– is a subjective method of setting ad budget. a) Arbitrary b) Task c) Competitor’s parity d) Market share ANS: A   25. ——— method is a fixed guideline method of setting ad budget. a) Task b) All you can afford c) Arbitrary d) Competitor’s parity ANS: D   If You Need Most Importance MCQ PDF ECONOMICS Question Bank Than Pay Rs 100 Only  Contact 8652719712 / 8779537141  Telegram Group  Mumbai Univeersity :-   https://t.me/mumbaiuniversityidol   Suraj Patel Education :-   https://t.me/surajpateleducation   F.Y.J.C EXAM :-   https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :-   https://t.me/fyexam   S.Y EXAM :-   https://t.me/syexam   T.Y EXAM :-   https://t.me/tyexam   M.Com Part 1 EXAM :-   https://t.me/McomPart1Exam   M.Com Part 2 EXAM :-  https://t.me/McomPart2Exam       M.A EXAM :-   https://t.me/mastudentsexam        YouTube Channel    https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw     S.Y.B.COM Other Subject MCQ Foundation Course S.Y.Bcom MCQ https://www.surajpateleducation.com/2020/12/foundation-course-sybcom-mcq.html   Business Economics S.Y.B.Com Students MCQ https://www.surajpateleducation.com/2020/10/business-economics-sybcom-students-mcq.html   Company Law MCQ PDF https://www.surajpateleducation.com/2020/12/company-law-mcq-pdf.html   COMMERCE S.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/commerce-sybcom-mcq-pdf.html   Management Accounts S.Y.B.COM IMPORTANCES MCQ PDF https://www.surajpateleducation.com/2020/12/Management-Accounts%20-S.Y.B.COM-IMPORTANCES-MCQ-PDF.html   

COMMERCE, F.Y.B.COM, Question Bank

COMMERCE F.Y.B.COM MCQ PDF , f.y.b.com sem 2 commerce mcq pdf

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  SUBJECT- COMMERCE  (F.Y.B.COM)     1. India’s service sector contributes to about ————percent of the country’s GDP. a) 35% b) 60% c) 80% d) 55% ANS: B   2. India’s service sector contributes to about ————percent of the total employment. a) 35% b) 50% c) 70% d) 65% ANS: A   3. ———— is an act or performance offered by one party to another. a) Goods b) service c) Ideas d) Material ANS: B   4. Services are generally ———- in nature. a) Tangible b) intangible c) demonstrable d) non demonstrable ANS: B   5. Services are produces and consumed ————. a) Simultaneously b) different times c) at all times d) at alternate time. ANS: A   6. ———– services top the service export in India a) Business b) software c) financial d) Accounting ANS: B   7. Service sector provides revenue to the government in the form of ————–. a) Excise duty b) custom duty c) service tax d) Income tax ANS: C   8. In India, the current rate of service tax is ——— on gross value of the service. a) 15% b) 12.36% c) 17.75% d) 18.60% ANS: B   9. When customer expectations from a service are met, it leads to customer ————. a) Satisfaction b) dissatisfaction c) delight d) negligence ANS: A   10. The highest level of expectations that customer have about a service is termed as ———– service a) Desired b) adequate c) optimum d) minimum ANS: A   11. ———- service refers to bottom level of performance acceptable to customers. a) Inadequate b) adequate c) desired d) optimum ANS: B   12. If service performance is within the zone of tolerance, customers are likely to be— a) Delight b) dissatisfied c) satisfied d) neglected ANS: C   13. ———– refers to how a service product is delivered to the customers. a) People b) process c) Physical evidence d) place ANS: B   14. ———– an element of marketing mix bring operating revenues to the organisation. a) Price b) place c) packaging d) Physical evidence ANS: A   15. ———— provides cues about service quality. a) Product b) Physical evidence c) Promotion d) Pace ANS: B   16. ————- is the first steps in any new service development process. a) Concept testing b) Screening ideas c) Idea generation d) concept modification ANS: C   17. Cost- benefit analysis is undertaken in ————- step of new service development process. a) Business analysis b) market testing c) concept testing d) concept analysis ANS: A   18. The service providers face the challenges of ————. a) Tangibility b) Intangibility c) Serviceability d) Delivery ANS: B   19. ———– cannot be separated from the service provider. a) Goods b) Services c) raw materials d) Machinery ANS: B   20. Services are highly ———–. a) Durable b) perishable c) non perishable d) storable ANS: B   21. At present, FDI is allowed up to ——— percent in single-brand retail trade. a) 100 b) 51 c) 75 d) 65 ANS: A   22. At present, FDI is allowed up to ——— percent in multi brand retail trade. a) 100 b) 51 c) 75 d) 65 ANS: B   23. ——— is an example of non store retailing. a) Electronic retailing b) Franchise store c) Departmental store d) Super market ANS: A   24. Kirana store is an example of ———. a) Unorganised retailer b) organised retailer c) Electronic retailing d) Departmental store ANS: A   25. ———– is an example of hyper markets. a) Big Bazaar b) Departmental store c) Convenience store d) Discount store ANS: A If You Need Most Importance MCQ PDF ECONOMICS Question Bank Than Pay Rs 100 Only  Contact 8652719712 / 8779537141  Join Telegram Group  Mumbai Univeersity :-   https://t.me/mumbaiuniversityidol   Suraj Patel Education :-   https://t.me/surajpateleducation   F.Y.J.C EXAM :-   https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :-   https://t.me/fyexam   S.Y EXAM :-   https://t.me/syexam   T.Y EXAM :-   https://t.me/tyexam   M.Com Part 1 EXAM :-   https://t.me/McomPart1Exam   M.Com Part 2 EXAM :-  https://t.me/McomPart2Exam       M.A EXAM :-   https://t.me/mastudentsexam        YouTube Channel    https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw       F.Y.B.COM Other Subject MCQ FINANCIAL MANAGMENT  F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/financial-managment-fybcom-mcq-pdf.html   BUSINESS COMMUNICATION F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/business-communication-fybcom-mcq-pdf.html   F.Y.B.COM Mathematical and Statistical Techniques MCQ PDF https://www.mumbaiuniversityidol.com/2021/04/fybcom-mathematical-mcq-pdf.html   F.Y.B.Com Commerce MCQ PDF https://www.surajpateleducation.com/2021/01/fybcom-commerce-mcq-pdf.html    F.Y.B.COM BUSINESS ECONOMICS https://www.mumbaiuniversityidol.com/2021/04/fybcom-mcq-for-business-economics.html F.Y.B.COM EVS https://www.mumbaiuniversityidol.com/2021/04/fybcom-environmental-studies-mcq-pdf.html

Exam Update News, Mumbai University

T.Y.B.Com/ T.Y.B.A/T.Y.B.SC/M.Com/M.Sc/ M.A Exam Date Announced

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  UNIVERSITY OF MUMBAI  INSTITUTE OF DISTANCE AND OPEN LEARNING (IDOL)  Dr. Shankar Dayal Sharma Bhavan,Vidyanagari, Santacruz (E), Mumbai – 400 098.  DATE OF COMMENCEMENT OF ONLINE EXAMINATION FOR FIRST HALF OF 2021 SUMMER SESSION FOR ANNUAL PATTERN  (Post Graduate Programs )     The dates of examination mention above are for those Students who had taken admission between September to December 2020 and old & repeater students who had filled the examination forms to appear the first half(April/May) examination -2021   IDOL will conduct the examination for all above courses through online as per the University .Circular.  Exam Timetable will declare very soon on our website: https://old.mu.ac.in/distance-open- learning/  Hall Tickets will be made available in the student’s login http://idoloa.digitaluniversity.ac/ four days before the respective Exams.  IDOL will conduct the Online Mock test for all the Exams, three days before the respective Exams. Mock test is compulsory.        If you want more articles related this article so please click this link  1) https://www.surajpateleducation.com/#google_vignette 2) https://www.surajpateleducation.com/2021/03/mcom-part-1-result-2020-mcom-part-2.html 3) https://www.surajpateleducation.com/2021/04/mumbai-university-mock-test.html 4) https://www.surajpateleducation.com/2021/04/mumbai-university-exam-date-out-fyba.html   Credit by : Mumbai University  This Article Use For Education Purpose  (Mumbai university website link in below) https://mu.ac.in/   Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam    YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw  

Business Economics, F.Y.B.COM, Question Bank

FYBCOM MCQ FOR BUSINESS ECONOMICS , ONLINE EXAM BUSINESS ECONOMICS F.Y.B.COM MCQ PDF

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  FYBCOM – BUSINESS ECONOMICS MCQ QUESTION BANK FOR PRACTICE   1………..is characteristic of perfect competition. A. Single seller B. Selling cost C. Kinked demand curve D. Perfect information ANS:  D     2. Under perfect competition firm is———— A. Price maker B. Price taker C. Product differentiated D. Price rigidity ANS:  B     3. A monopoly producer usually earns ——– A. Super normal profit B. Neither profit nor loss C. Only normal profit D. Profit and loss which are uncertain ANS:  A     4. Under perfect competition firm demand curve is ——– A. Vertical B. Horizontal C. Upward D. Downward ANS:  B     5. The following industry often is a monopoly———– A. Cigarette industry B. Publishing industry C. Drug industry D. Electric power industry ANS:  D     6. Under monopoly the slope of AR curve is ———— A. Upward sloping B. Downward sloping C. Horizontal sloping D. Verticalsloping ANS:  B     7. Copyright related to———————- monopoly A. Natural monopoly B. Legal monopoly C. Technology monopoly D. Control over resources monopoly ANS:  B       8. Firms in monopolistic competition make products that are…….. A. Close but not perfect substitute B. Perfect substitute C. Close but not perfect complements D. Perfect complements ANS:  A     9. Price rigidity is a characteristic of ——— A. Monopoly B. Perfect competition C. Monopolistic competition D. Oligopoly ANS:  D     10. In oligopolistic markets ……………. A. There are many firms B. There are a only few firms C. There are no barriers to entry D. All firms are price takers ANS:  B     11. Game theory proves most useful for analyzing — A. Monopoly B. Perfect competition C. Monopolistic competition D. Oligopoly ANS:  D       12. Kinked demand curve is associated with ————- A. Cournot B. Chamberlin C. Edgeworth D. Sweezy ANS:  D     13. A monopolistic firm will expand its output when ———— A. MR >MC B. MC > MR C. MC = MR D. MR is negative ANS:  A     14. Upper portion of the kinked demand curve is relatively ————- A. More inelastic B. More elastic C. Less elastic D. Less inelastic ANS:  B     15. Selling costs have to be incurred in case of————- A. Oligopoly B. Monopolistic competition C. Monopoly D. Duopoly ANS:  B     16. Supernormal profit means……. A. TR = TC B.TR>TC C.TR<TC D. TC > AC  ANS: B      17. The refrigerator industry is an example of ————– A. Perfect competition B. Monopoly C. Oligopoly D. Monopolistic competition  ANS: C    18. The monopolistic firm sale 100 unit of output at a price Rs. 10 per unit, total  cost of production 100 units is Rs.1200 . What is loss of firm? A. 300 B. 200 C. 100 D. 400  ANS: B      19. Which of the following characteristics is always present in an oligopolistic industry? A. Non price competition B. Collusion C. Price stability D. Interdependence between firms  ANS: D      20. Under oligopoly market if one firm reduces the price of product then other firm also —– A. Increase price B. Reduce price C. Stay original price D. Regular  ANS: B     21. Cost plus pricing is also called——– A. Transfer pricing B. Marginal cost pricing C. Full cost pricing D. Average cost pricing ANS:  C     22. Marginal cost pricing generally followed by……… A. Private enterprises B. Small and medium enterprises C. Public sector enterprises D. Large Private MNCs ANS:  C     23 .Which pricing strategy uses various class distinctions? A. Marginal cost pricing B. Price discrimination C. Product line pricing D. Mark-up pricing ANS:  C     24. Marginal cost pricing may be charged for which of the following reasons? A. Maximizing profit B. To control monopoly C. Minimizing losses D. Prevent shut down of the firm ANS:  B     25. While determining the full cost price, the firm uses ——— A. Fully allocated average cost B. only AVC C. Only overhead cost D. Marginal cost ANS:  A   If You Need Most Importance MCQ PDF ECONOMICS Question Bank Than Pay Rs 100 Only  Contact 8652719712 / 8779537141  Join Telegram Group  Mumbai Univeersity :-   https://t.me/mumbaiuniversityidol   Suraj Patel Education :-   https://t.me/surajpateleducation   F.Y.J.C EXAM :-   https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :-   https://t.me/fyexam   S.Y EXAM :-   https://t.me/syexam   T.Y EXAM :-   https://t.me/tyexam   M.Com Part 1 EXAM :-   https://t.me/McomPart1Exam   M.Com Part 2 EXAM :-  https://t.me/McomPart2Exam       M.A EXAM :-   https://t.me/mastudentsexam        YouTube Channel    https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw       F.Y.B.COM Other Subject MCQ FINANCIAL MANAGMENT  F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/financial-managment-fybcom-mcq-pdf.html   BUSINESS COMMUNICATION F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/business-communication-fybcom-mcq-pdf.html   F.Y.B.COM Mathematical and Statistical Techniques MCQ PDF https://www.surajpateleducation.com/2021/01/fybcom-mathematical-and-statistical.html   F.Y.B.Com Commerce MCQ PDF https://www.surajpateleducation.com/2021/01/fybcom-commerce-mcq-pdf.html    

Business Economics, Question Bank, S.Y.B.COM

S.Y.B.COM Business Economics MCQ PDF , Business Economics S.Y.B.COM MCQ PDF

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  S.Y.B.COM Business Economics BEST MCQ     Q. 1 Public finance is the _________________ a) Social Science b) Fiscal Science c) Government Science d) Political Science ANS: B   Q.2 ________ is the study of the role of the government in the economy.  a) Public Revenue  b) Public Expenditure  c) Public Finance  d) Public Investment ANS: C   Q.3 Public Finance does not include__________  a) Public Revenue  b) Public debt  c) Public expenditure  d) Private savings ANS: D   Q.4 Who deals with income and expenditure of public authorities?  a) Public finance  b) Private finance  c) Local government  d) Entrepreneurs ANS: A   Q.5 Public finance deals with which of the following aspect of government?  a) Social  b) Political  c) Financial  d) Human ANS: C   Q.6 _____ is concerned with the division of income and wealth among its people in a society.  a) Allocation function  b) Growth function  c) Stabilization function  d) Distribution function ANS: D   Q.7 Social advantage is maximum when_______________  a) Total social benefits are equal to total social sacrifice  b) Total social benefits equal to marginal social sacrifice  c) Marginal social benefits equals to marginal social sacrifice  d) Marginal social benefits minus marginal social sacrifice ANS: C   Q.8 The principle of maximum social advantage is associated with_________  a) Prof. Dalton  b) Hicks  c) Pigou  d) Keynes ANS: A   Q.9 Who has used the term ‘the maximum welfare’ instead of “maximum social advantage”.  a) Prof. Dalton  b) Prof. Keynes  c) David Ricardo  d) Prof. Musgrave ANS: D   Q.10 Which is the measurement of social advantage?  a) Provision for posterity  b) Improvement of labour productivity  c) Economic stability  d) Public expenditure ANS: D   Q.11 The size of the budget is less than the optimum, when__________  a) Marginal Social Benefit > Marginal Social Sacrifice  b) Marginal Social Benefit < Marginal Social Sacrifice  c) Marginal Social Benefit = Marginal Social Sacrifice  d) Marginal Social Benefit ≠ Marginal Social Sacrifice ANS: B   Q.12 Public expenditure is subject to diminishing ________  a) Marginal Social Sacrifice b) Marginal Social Benefit  c) Marginal Social Investment  d) Marginal Social Savings ANS: B   Q.13 Taxes are subject to increasing __________  a) Marginal Social Sacrifice  b) Marginal Social Benefit  c) Marginal Social Revenue  d) Marginal Social Expenditure ANS: A   Q.14 Tests of maximum social advantage have been suggested by ________  a) Pigou  b) Musgrave  c) Dalton  d) Adam Smith ANS: C   Q.15 According to the Principle of Maximum Social Advantage, Public Expenditure is subject to __________  a) Diminishing Marginal Returns  b) Diminishing Marginal Productivity  c) Diminishing Marginal Utility  d) Increasing Marginal Utility ANS: C   Q.16 PPP- curve is illustrated to explain_____________  a) Economic efficiency  b) Government role  c) Government policy  d) Government Revenue ANS: A   Q. 17 Public goods are _________ in consumption  a) Exclusionary  b) Non-exclusionary  c) Rivalry  d) Monopoly goods ANS: B   Q.18 Following is not the cause of market failure__________  a) Public goods  b) Natural monopoly  c) Externalities  d) Profit ratio ANS: D   Q.19 Production possibility curve is also referred as ___________  a) Production- possibility frontier  b) Consumer curve  c) Producer curve  d) Demand curve ANS: A   Q.20 ________ introduced the concept of production possibility curve  a) Prof. Alfred Marshall  b) Prof. Paul Samuelson  c) Prof. Baumol  d) Prof. Peter Drucker ANS: B   Q.21 Which of the following is a characteristic of a direct tax? a) The impact and incidence are on the same person b) Incidence may be shifted c) Greater burden on the poor than the rich d) Major source of revenue in a developing country ANS: A   Q.22 Which of the following is not a part of administrative revenues? a) Fees b) Fines and penalties c) Special assessment d) Surpluses of public enterprises ANS: D   Q.23 _______ is not the characteristic of tax a) Compulsory payment b) Levied on commodity/income c) Involves sacrifice d) Quid-pro-quo ANS: D   Q.24 ________ is an example of administrative non-tax revenue. a) Grants b) Gifts c) Fees d) Profits from public enterprises ANS: C   Q.25 Special assessment is also known as___________ a) VAT b) Tax revenue c) Betterment levy d) Indirect burden ANS: C   If You Need Most Importance MCQ PDF ECONOMICS Question Bank Than Pay Rs 100 Only  Contact 8652719712 / 8779537141  Telegram Group  Mumbai Univeersity :-   https://t.me/mumbaiuniversityidol   Suraj Patel Education :-   https://t.me/surajpateleducation   F.Y.J.C EXAM :-   https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :-   https://t.me/fyexam   S.Y EXAM :-   https://t.me/syexam   T.Y EXAM :-   https://t.me/tyexam   M.Com Part 1 EXAM :-   https://t.me/McomPart1Exam   M.Com Part 2 EXAM :-  https://t.me/McomPart2Exam       M.A EXAM :-   https://t.me/mastudentsexam        YouTube Channel    https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw     S.Y.B.COM Other Subject MCQ Foundation Course S.Y.Bcom MCQ https://www.surajpateleducation.com/2020/12/foundation-course-sybcom-mcq.html   Business Economics S.Y.B.Com Students MCQ https://www.surajpateleducation.com/2020/10/business-economics-sybcom-students-mcq.html   Company Law MCQ PDF https://www.surajpateleducation.com/2020/12/company-law-mcq-pdf.html   COMMERCE S.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/commerce-sybcom-mcq-pdf.html   Management Accounts S.Y.B.COM IMPORTANCES MCQ PDF https://www.surajpateleducation.com/2020/12/Management-Accounts%20-S.Y.B.COM-IMPORTANCES-MCQ-PDF.html     

F.Y.B.COM, Mathematical and Statistical Techniques, Question Bank

F.Y.B.COM Mathematical MCQ PDF , Mathematical and Statistical Techniques F.Y.B.COM MCQ

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  YOUTUBE CHANNEL: MUMBAI UNIVERSITY IDOL Mathematical and Statistical Techniques F.Y.B.COM IMPOERANCE MCQ QUESTION BANK 1. Coefficient of correlation explains …………………….of the relationship between two variables. a. Degree b. Direction c. Both of the above d. None of the above ANSWERS: C   2. For perfect correlation, the coefficient of correlation should be …………………….. a. ± 1 b. + 1 c. – 1 d. 0 ANSWERS: A   3. Rank correlation coefficient was discovered by……………………………… a. Fisher b. Spearman c. Karl Pearson d. Bowley ANSWERS: B   4. The rank correlation coefficient is always………………………. a. + 1 b. – 1 c. 0 d. Between + 1 and – 1 ANSWERS: D   5. Spearman’s Rank Correlation Coefficient is usually denoted by……………….. a. k b. r c. S d. R ANSWERS: D   6. Probable error is used to: a. Test the reliability of correlation coefficient b. Measure the error in correlation coefficient c. Both a an b d. None of these ANSWERS: A   7. If coefficient of correlation is more than …………….of its P E, correlation is significant. a. 2 times b. 5 times c. 6 times d. 10 times ANSWERS: C   8. In correlation analysis, Probable Error = …………………… x 0.6745 a. Standard deviation b. Standard error c. Coefficient of correlation d. None of these ANSWERS: B   9. Coefficient of concurrent deviation depends on ………………….. a. The signs of the deviations b. The magnitude of the deviations c. Bothe a and b d. None of these ANSWERS: A   10. Correlation analysis between two sets of data only is called……………….. a. Partial correlation b. Multiple correlation c. Nonsense correlation d. Simple correlation ANSWERS: D   11. Correlation analysis between one dependent variable with one independent variable by keeping the other independent variables as constant is called…………………. a. Partial correlation b. Multiple correlation c. Nonsense correlation d. Simple correlation ANSWERS: A   12. Study of correlation among three or more variables simultaneously is called…………. a. Partial correlation b. Multiple correlation c. Nonsense correlation d. Simple correlation ANSWERS: B   13. If r = 0.8, coefficient of determination is………………………………. a. 80% b. 8% c. 64% d. 0.8% ANSWERS: C   14. If r is the simple correlation coefficient, the quantity r2 is known as ………………. a. Coefficient of determination b. Coefficient of non-determination c. Coefficient of alienation d. None of these ANSWERS: A   15. If r is the simple correlation coefficient, the quantity 1 — r2 is known as ………………. a. Coefficient of determination b. Coefficient of non-determination c. Coefficient of alienation d. None of these ANSWERS: B   16. The term regression was first used by…………………….. a. Karl Pearson b. Spearman c. R A Fisher d. Francis Galton ANSWERS:D   17. ………………..refers to analysis of average relationship between two variables to provide mechanism for prediction. a. Correlation b. Regression c. Standard error d. None of these ANSWERS:B   18. If there are two variables, there can be at most…………………………. number of regression lines. a. One b. Two c. Three d. Infinite ANSWERS: B   19. If the regression line is Y on X, then the variable X is known as…………………….. a. Independent variable b. Explanatory variable c. Regressor d. All the above ANSWERS: D   20. Regression line is also called…………………………… a. Estimating equation b. Prediction equation c. Line of average relationship d. All the above ANSWERS: D   21. If the regression line is X on Y, then the variable X is known as…………………….. a. Dependent variable b. Explained variable c. Both a and b d. Regressor ANSWERS: C   22. If the regression line is X on Y, then the variable X is known as…………………….. a. Dependent variable b. Independent variable c. Bothe a and b d. None of the above ANSWERS: A   23. If the regression line is Y on X, then the variable X is known as…………………….. a. Dependent variable b. Independent variable c. Both a and b d. None of the above ANSWERS: D   24. The point of intersection of two regression lines is…………………….. a. (0,0) b. (1,1) c. (x,y) d. (x̄, ӯ) ANSWERS: D   25. If r = ± 1, the two regression lines are…………………………. a. Coincident b. Parallel c. Perpendicular to each other d. None of these ANSWERS: A If You Need Most Importance MCQ PDF Mathematical Question Bank Than Pay Rs 100 Only  Contact 8652719712 / 8779537141    Join Telegram Group  Mumbai Univeersity :-   https://t.me/mumbaiuniversityidol   Suraj Patel Education :-   https://t.me/surajpateleducation   F.Y.J.C EXAM :-   https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :-   https://t.me/fyexam   S.Y EXAM :-   https://t.me/syexam   T.Y EXAM :-   https://t.me/tyexam   M.Com Part 1 EXAM :-   https://t.me/McomPart1Exam   M.Com Part 2 EXAM :-  https://t.me/McomPart2Exam       M.A EXAM :-   https://t.me/mastudentsexam        YouTube Channel    https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw       F.Y.B.COM Other Subject MCQ   FINANCIAL MANAGMENT  F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/financial-managment-fybcom-mcq-pdf.html   BUSINESS COMMUNICATION F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/business-communication-fybcom-mcq-pdf.html   F.Y.B.COM Mathematical and Statistical Techniques MCQ PDF https://www.surajpateleducation.com/2021/01/fybcom-mathematical-and-statistical.html   F.Y.B.Com Commerce MCQ PDF https://www.surajpateleducation.com/2021/01/fybcom-commerce-mcq-pdf.html    

Accounts, Financial Management, M.COM PART 2, Question Bank

FINANCIAL MANAGEMENT M.com Part 2 MCQ PDF

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  M.COM PART 2 FINANCIAL MANAGEMENT MCQ 1. The average collection period for a firm measures the number of days (a) After a typical credit sale is made until the firm receives the payment (b) For a typical check to “clear” through the banking system (c) Beyond the end of the credit period before a typical customer payment is received (d) Before a typical account becomes delinquent ANS: A   2. Which of the following is not the logical consequence of liberalizing credit standards? (a) Sales tend to increase (b) Investment in receivables tend to increase (c) Bad debt losses tend to increase (d) Requirement of finance for working capital tends to decrease (e) Collection costs tend to increase ANS: D   3. Which of the following statements is not true? (a) If credit standards are liberalized, then sales will increase (b) Strict credit standards will tend to reduce the incidence of bad debt loss (c) Increase in credit period will tend to increase the investment in receivables (d) Liberalizing cash discount policy will tend to increase the average collection period (e) A rigorous collection effort tends to increase the collection expense ANS: D   4. Which of the following does not result from liberalizing credit standards? (a) It leads to higher bad debt loss (b) It causes an increase in sales (c) It reduces the cost of collection (d) It increases the investment in receivables (e) Requirement for financing working capital tends to increase ANS: C   5. Which of the following is/are not technique(s) for monitoring collection of receivables? (I) Ageing schedule (ii) Lockbox arrangements (iii) Days sales outstanding (iv) Funds flow analysis (a) Only (I) above (b) Only (iv) above (c) Both (i) and (iii) above (d) Both (ii) and (iv) above ANS: D   6. The average collection period measures the (a) Number of days it takes a typical cheque to “clear” through the banking system (b) Number of days between the day a customer places an order with the firm and the day the firm sends the goods to the customers (c) Number of days beyond the end of the credit period and before a typical customer payment is received (d) Number of days between the day when a typical credit sale is made and the day when the firm receives the payment ANS: D   7. Which of the following statements is true about the terms of trade credit 2/10, net 30? (a) 10% cash discount is offered for payment before 30 days (b) 2% cash discount is awarded for payment on the 30th day after purchase (c) 10% cash discount can be taken if paid by the second day after invoicing (d) No cash discount is offered from the eleventh day onwards after the date of purchase ANS: D   8. Which of the following costs is not a cost of maintaining receivables? (a) Administrative costs (b) Collection costs (c)Ordering costs (d) Defaulting costs (e) Financing costs ANS: C   9. An ageing schedule gives particulars about (a) Profit and present value (b) Accounts receivable and proportion of sales (c) Employees and age of their service (d) Age-wise distribution of accounts receivable ANS: D   10. Which of the following is/are not true? (i) If credit standards are made more stringent, sales are likely to decrease and less amount of money will be locked up in receivables. (ii) If credit period is lengthened, sales are likely to increase but bad debt losses are likely to decrease. (iii) If cash discount is increased, discount paid is likely to increase and amount of receivable is likely to reduce.(a) Only (ii) above (b) Only (iii) above (c) Both (i) and (ii) above (d) Both (ii) and (iii) above (e) Both (i) and (iii) above ANS: A   11. Which of the following statements is true about the terms of trade credit 4/10, net 30? (a) A 10% cash discount is offered for payment before 30 days (b) A 4% cash discount can be taken for payment before the 10th of the following month after invoicing (c) A 10% cash discount can be taken if paid by the fourth day after invoicing (d) No cash discount is offered from the eleventh day onwards after the date of purchase (e) 4% cash discount is awarded for payment on the 30th day after purchase ANS: D   12. Which of the following measures is not adopted to monitor the payment of receivables ? (a) Days sales outstanding (b) Ageing Schedule of Receivables (c) Numerical Credit Scoring (d) Average Collection Period ANS: C   13. Which of the following is a logical consequences of liberalizing credit standards? (a) Collection costs tend to decrease (b) Bad debt losses tend to increase (c) Sales tend to decrease (d) Cost of funds locked in receivables tend to decrease (e) Requirement for financing working capital tends to decrease ANS: B   14. Other things remaining the same, which of the following will generally result as a consequence of making the credit standards more stringent (strict / tight)? (a) More bad debt losses (b) Increase in the number of customers (c) Higher sales turnover (d)Reduction of the outstanding debtors in the balance sheet (e) Incremental cost of collection of the receivables ANS: D   15. Which of the following is a technique for monitoring the status of the receivables ? (a) Ageing Schedule (b) Outstanding creditors (c) Selection Matrix (d) Funds Flow Analysis (e) Credit Evaluation ANS: A   16. Which of the following is not part of collection program ? (a) Dispatch of letters to customers whose due date is approaching (b)Monitoring the state of payables (c) Telegraphic and telephonic advice to customers around the due date (d) Threat of legal actions to overdue accounts (e) Legal action against overdue accounts ANS: B   17. When a company offers credit terms of 2/10, net 30, the annual interest cost, based on a 360-day year, is (a) 24.0% (b) 35.3% (c) 36.0% (d) 36.7% ANS:

Cost Accounting, Question Bank, T.Y.B.COM

Cost Accounting T.Y.B.Com MCQ PDF , MUMBAI UNIVERSITY T.Y.B.COM COST ACCOUNTING MCQ

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  T.Y.B. Com Cost Accounting     1. According to ICMA London, _______costing is “that form of specific order costing, which applies where work is undertaken to customers’ special requirements.” a. Job b. Batch c. Process d. Standard ANS: A   2. A method of costing applied where costs are collected and accumulated for each work order a. Process costing b. Contract costing c. Operating costing d. Job costing ANS: D   3. Which of the following statements is not true about job costing? a. Production always against customers’ orders b. Cost of each job ascertained separately c. Job is of equal or longer duration compared to contracts d. Job work is labour intensive ANS: C   4. Which is a method of specific order costing? a. Job costing b. Process costing c. Output costing d. Service costing ANS: A   5. The process of ascertaining cost after incurring expenses is called a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: B   6. Which technique of costing uses analysis of variances is a popular method for cost control? a. Absorption costing b. Marginal costing c. Uniform costing d. Standard costing ANS: D   7. _____ is the practice of charging all direct costs to operations, processes or products and writing off all indirect costs to Profit and Loss account. a. Direct costing b. Absorption costing c. Marginal costing d. Historical costing ANS: A   8. The processes of charging both fixed and variable to operations, processes or products is called _____ a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: C   9. Which technique of costing differentiates between fixed and variable cost to analyse effect of changes in volume or type of output on profit? a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: A   10. For recording the cost of each job, a job _____ is prepared. a. Profit & loss a/c b. Cost sheet c. Reconciliation statement d. None of the above ANS: B   11. What should be the price chargeable to a job if total cost incurred is Rs. 4830 and profit is 25% on sales? a. 1610 b. 1208 c. 1200 d. 1630 ANS: A   12. A factory uses job costing. Given details obtained from its books: Direct materials Rs.90000, Direct wages – Rs.75000, Selling OH – Rs.52500, Administration OH – Rs.42000, Factory OH – Rs.45000 & Profit – Rs. 60900. Calculate cost of production. a. Rs. 2,17,500 b. Rs. 2,07,000 c. Rs. 2,52,000 d. Rs. 2,10,000 ANS: C   13. The method of costing applied in special ship building is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B   14. Job costing is a. Method of costing b. Technique of costing c. Cost control technique d. Cost estimation ANS: A   15. Which of the following considers an ‘economic quantity’ for the purpose of cost reduction? a. Job costing b. Process costing c. Batch costing d. Contract costing ANS: C   16. The method of costing applied in cycle part manufacturing is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: A   17. The method of costing applied in a lathe is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B   18. Production order with respect to a job is issued by _______ department. a. Production b. Production Planning c. Purchase d. Sales ANS: B   19. Scope of specific order costing is very wide and includes a. Job, Batch and contract costing b. Process , Contract and unit costing c. Batch , Job and process costing d. Unit , service and transport costing ANS: A   20. Economic batch quantity is used in batch costing to a. Meet specific customer requirements b. Produce at the least possible cost c. In order to ensure stock in anticipation of demand d. None of these ANS: B   21. For identification, each job or work order received from a customer is allotted a a. Production order b. Batch number c. Job number d. Code number ANS: C   22. The method of costing used to ascertain the cost of customer specific jobs is a. Job costing b. Batch costing c. Contract costing d. Process costing ANS: A   23. On completion of a job, a job completion report is sent to a. Cost accounting department b. Storekeeper c. Customer d. Production department ANS: A   24. ______ is the authorization to start work on a job. a. Production order b. Requisition sheet c. Invoice d. Job cost sheet ANS: A   25. In job costing, the basic document to accumulate and ascertain the cost of each order is a. Purchase order b. Requisition sheet c. Invoice d. Job cost sheet ANS: D   Telegram Group  Mumbai Univeersity :-   https://t.me/mumbaiuniversityidol   Suraj Patel Education :-   https://t.me/surajpateleducation   F.Y.J.C EXAM :-   https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :-   https://t.me/fyexam   S.Y EXAM :-   https://t.me/syexam   T.Y EXAM :-   https://t.me/tyexam   M.Com Part 1 EXAM :-   https://t.me/McomPart1Exam   M.Com Part 2 EXAM :-  https://t.me/McomPart2Exam       M.A EXAM :-   https://t.me/mastudentsexam        YouTube Channel    https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw     T.Y.B.COM OTHER SUBJECT IMP MCQ  Marketing Research T.Y.B.com MCQ PDF https://www.surajpateleducation.com/2021/01/marketing-research-tybcom-mcq-pdf.html   HUMAN RESOURCE MANAGEMENT T.Y.B.COM MCQ https://www.surajpateleducation.com/2020/12/human-resource-management-tybcom-mcq.html   Cost Accounting T.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/cost-accounting-tybcom-mcq-pdf.html   M.Com & T.Y.B.Com INDIRECT TAX 20 Most Importance MCQ https://www.surajpateleducation.com/2020/10/mcom-tybcom-indirect-tax-20-most.html   DIRECT TAX – Question Bank-2020 https://www.surajpateleducation.com/2020/09/direct-tax-sem-v-atkt-question-bank-2020.html

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