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

Explain in detail the social objectives of the business fybcom sem 1

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 F.Y.B.COM ( SEMESTER – I ) Commerce Paper I (Introduction to Business) Q3. Explain in detail the Social objectives of the Business. Social Objectives Business : Business is a part of a social System. A social system involves people and their Organisations in mutual relationship to each other. Business is an integral part of society.   Following are the social objectives of business 1) Social Objectives towards Customers : The Survival and success of any business organisation depends on its cusumers. One universally accepted social objective of business is to satisfy consumers by providing goods and services as per their needs and expectations. Business activities are essential for meeting the needs of consumers. Business have to supplied quality good at reasonable price to the customer. 2) Social Objectives towards Employees : The Social Objective of a business firm towards its employees is to treat them with respect and provide them with the right compensation and facilities. Business should provide better wages, working conditions, good treatment to the employees. It also provide monetary and non-monetary benefits for satisfaction of the employees. This also ensures industrial peace and harmony. 3) Social Objectives towards shareholders : Shareholders invest their money in the business in the form of shares, debentures bonds etc. The basic objective is that the shareholder should receive a fair, return on their investment. The Objective of thebusiness is to utilise efficiently the money of the shareholder and give them fair return on their investment in the form of dividend a interest. 4) Social Objectives towards Government : A business organisation can’t function smoothly without the support and co-operation of the Government. Hence, it becomes necessary on the part of the organisation to fulfill its social duties towards the government. These include payment of taxes and duties, following the rules and regulations framed by the government from time to time, contributing towards the welfare activities of the government and so on. 5) Social Objectives towards Suppliers : The suppliers can play an important role in the success of an organisation by Supplying the right quality and quantity of material at the right time. Therefore, a business firm needs to have social objectives towards supplier in respect of timely payment of dues. Helping the suppliers in their financial requirements by making advance payments. 6) Social objectives towards Dealers : Dealers assist business firm by promoting and pushing goods and services in the market at the right time at the right place. It is one of the basic social objectives that be produced and supplied. If this basic demand of the society is met, the business may survive in the long run. 7) Social Objectives towards Society : Business organisation gain profit because of the support of the society. Naturally, they are expected to provide financial support for various social, educational and cultural activities. This is also necessary for maintaining cordial relations with the society. Business organizations must also support social welfare programmes.    

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

Explain the Meaning and scope of Business F.Y.B.COM SEM I Commerce Paper I

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  F.Y.B.COM ( SEMESTER – I ) Commerce Paper I (Introduction to Business)     Q1. Explain the Meaning and scope of Business. Meaning :- According to L.H. Haney, “Business is a human activity directed towards producing or acquiring wealth through buying and selling activities.” SCOPE OF BUSINESS Business has a very wide scope. It includes large number of activities. These activities may be grouped under Two broad categories i.e. Industry and commerce.     I. Industry : The term industry refers to that part of business activity which directly concerns itself with production, processing or fabrication of goods and services. It creates form utility. In industry, raw materials are converted in to finished products, which can be used for consumption. Some industries manufacture consumer goods while others manufacture capital goods. Following are the various types of industriesa) Primary IndustriesThese industries are engaged in the production of primary goods, such as rice, cotton, fish etc. The best examples of this type of industries are Agriculture, fishing etc. b) Genetic Industries : `Genetic industry involves breeding and reproduction of plants and animals for the purpose of sale. Poultry, Plant nurseries, sericulture etc. are examples of genetic industry. The price of products available from such activities is generally less. c) Extractive Industries : Extractive industries extract valuable minerals, ores etc. from the natural elements like soil, water and air. These industries are concerned with the discovery and utilisation of natural resources such as minerals and forests. d) Manufacturing Industries : Manufacturing industries are concerned with the conversion of raw material into finished goods. They create form utility. The products of primary and extractive industries such as cotton, ironore, crude oil, etc. are used as a raw material in these industries. e) Construction Industries : Construction industries are concerned with the construction work like construction of bridges, dams, canals, roads, harbours, building etc. These industries do not operate in factory buildings but at the site allotted.. f) Service Industries : Service industries produce intangible goods i.e. goods which can’t be seen or touches for example transport, insurance, banking etc. These services are essential and useful for the expansion of business. II. Commerce : Commerce involves all those activities which facilitate transfer of ownership and movement of goods from the centers of production to the centers of consumption. In other word it involves all forms of trade and the services that assist trading. Commerce include trade and aids to trade. A) Trade : Trade means buying and selling of goods and services. It involves transfer of ownership of goods from the seller to buyer against money. In other words, trade is an exchange of goods and services for a price which the consumers are ready to pay. Consumers may be an individuals, government and industries who need raw materials. 1. Internal Trade : Internal trade is also known as home trade. It is conducted within the country. It can be at local level, regional level or national level. a) Wholesale trade : It involves buying in large quantities from producers and selling in smaller lots to retailers. The wholesaler is a link between manufacturers and retailers. b) Retail Trade : Retail trade involves buying in smaller lots from the wholesaler’s and Selling in very small quantities to the consumers for personal consumption. The retailer is the last link in the chain of distribution. He established a link between wholesaler and Consumers. 2. External Trade : The trade carried on between the traders of two different countries is called external trade. It is also called as International trade or foreign trade. It includes following trade. a) Export Trade : Export trade involves selling of goods from one country to another. For example, when goods are sold from India to America. b) Import trade : Import trade involves buying of goods from a Seller of another country. For example, a buyer from India purchases goods from a seller of china. c) Entrepot trade : When goods are imported from one country and then reexported to some other country, it is called entrepot. For example an Indian trader may buy goods from Bangladesh and then sell it to Pakistan. B) Aids-To-Trade Aids to trade constitute another component of commerce. Aids to trade include various agencies which are useful for the conduct of trading activities. There are as follows. a) Warehousing : There is a time gap between production and consumption. However, goods which are produced at one time are not consumed at the same time. Hence, it becomes necessary to make arrangement for storage or warehousing. Agricultural commodity like wheat and rice are seasonal in nature but are consumed throughout the year. On the other hand goods such as Umbrellas and woolen cloths are produced throughout the year but are demanded only during particular seasons. Therefore goods need to be stored in warehouses till they are demanded. b) Transport : There is a place gap from the place of production to the place of consumption. Goods are produced in one part of the country and Consumption in other parts of the nation. Transport fills the place gap. It meets out the gap between producer and consumer. It helps the manufacturer to expand their markets from local to regional, regional to national and national to global. c) Communication : Communications facilitates transfer of information. It involves transfer of messages from one person to another and from one place to another. It can be in oral or writing form of information. Oral communication can take place through telephone or personally. Written communication is possible through letter, fax, e-mail etc. It facilitates quick transfer of messages to take important decisions quickly. d) Insurance : Insurance reduces the problem of risks. Business is subject to risks and uncertainties. These are inevitable in the field of business. Risks may be due to fire, theft, accident or any other natural calamity. Insurance companies who act as risk bearer cover risks. Insurance tries to reduce risks by spreading them out over a greater

Management Accounting, Question Bank, S.Y.B.COM

S.Y.B.com sem 3 management accounting mcq pdf

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Management Accounting MCQ Semester 3   1)    Working capital is an excess of current assets over current _____. a)    Liabilities b)    Operating Ratio c)    No of times d)    Fixed Assets ANS: A   2)    ______ shows the period for which amount of sales remains invested in debtors. a)    Liquid Assets b)    Collection c)    Period Long term d)    Fixed Assets ANS: B   3)    Net profit ratio is an indicator of _____. a)    Turn Over b)    Liquidity c)    Profitability d)    Long term solvency ANS: C     4)    Current Ratio indicates _____. a)    Short term solvency b)    Long term solvency c)    Net operating profit and capital employed d)    Turn Over ANS: A   5)    Stock working capital ratio indicates relationship between stock and ______ capital. a)    Liquidity b)    Working c)    Financial Stability d)    Turn Over ANS: B   6)    Average stock = Opening Stock + _____/ 2. a)    Working b)    Opening stock c)    closing stock d)    Fixed Assets ANS: C   7)    A very high current ratio will a)    Increase profitability b)    Decrease profitability c)    Not affect profitability d)    Same Profitability ANS: B   8)    Comparative statement is a part of _____ analysis. a)    Vertical b)    Horizontal c)    Technical d)    Fundamental ANS: B   9)    Common size statement is a _____analysis. a)    Horizontal b)    Fundamental c)    Vertical d)    Technical ANS: C   10) _____ analysis show trend in performance. a)    Vertical b)    Trend c)    Horizontal d)    Structural ANS: B   11) Common size statement is also called as _____% statement. a)    Percentage Statement b)    most common statement c)    100 d)    Small sized ANS: C   12) In _____ in came statement sales is considered equal to 100. a)    Common Size b)    Comparative income statement c)    Balance Sheet d)    Income statement ANS: A   13) In common size _____ capital employed is considered equal to 100. a)    Balance Sheet b)    Common size Statement c)    Income statement d)    Comparative income statement ANS: A   14) In Trend Analysis earliest year is considered as _____ year. a)    Base b)    Current c)    Last d)    None of the above ANS: A   15) Analysis is a must for _____. a)    Interpretation b)    Evaluation c)    Detemination d)    None of the above ANS: A   16) Common size statement is a tool of a)    Vertical analysis b)    Horizontal analysis c)    Technical analysis d)    Fundamental analysis ANS: A   17) Common size statement is also known as a)    Percentage statement b)    100% statement c)    Most common statement d)    Small sized statement. ANS: B   18) In common size income statement, the basis is a)    Total cost b)    N.P c)    G.P d)    Sales ANS: D   19) In common size vertical Balance sheet the basis is a)    Capital employed b)    Total assets c)    Total liabilities d)    Proprietor’s fund ANS: A     20) Comparative statement is a tool of a)     Vertical analysis b)    Horizontal analysis c)    Structural analysis d)    Technical analysis ANS: B   21) Comparative statement shows a)    One year’s performance b)    Comparative performance c)    Financial performance d)    Profitability performance ANS: B   22) Increase/Decrease is a method of preparation of a)    common size statement b)    comparative statement c)    Income statement d)    Balance sheet ANS: B   23) _____ is a proportion between two figures. a)    Ratio b)    Percentage c)    Percentile d)    Sales ANS: A   24) One figure is divided by another figure to get _____ ratio. a)    Pure b)    Current c)    Liquidity d)    Sales ANS: A     25) Turn over ratios are expressed in _____. a)    Ratio b)    No of times c)    Percentage d)    assets  ANS: B   If You Need Most Importance MCQ PDF Management Accounts Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141    Other Subject MCQ Link COMMERCE 1) https://www.surajpateleducation.com/2020/12/commerce-sybcom-mcq-pdf.html 2) https://www.surajpateleducation.com/2021/04/mumbai-university-sybcom-commerce-mcq.html 3) https://www.mumbaiuniversityidol.com/2021/08/sybcom-commerce-importance-multiple.html   Financial Account 1) https://www.surajpateleducation.com/2020/12/financial-account-sybcom-mcq.html 2) https://www.surajpateleducation.com/2021/05/financial-account-mcq-pdf-mumbai.html 3) https://www.mumbaiuniversityidol.com/2021/06/financial-account-sybcom-mcq-mumbai.html   Management Accounts 1) https://www.surajpateleducation.com/2020/12/Management-Accounts%20-S.Y.B.COM-IMPORTANCES-MCQ-PDF.html 2) https://www.surajpateleducation.com/2022/01/sybcom-management-accounts-mcq-pdf.html Advertising 1) https://www.surajpateleducation.com/2021/04/sybcom-advertising-mcq-pdf-advertising.html 2) https://www.surajpateleducation.com/2021/07/sybcom-advertising-sem-4-mcq-questions.html 3) https://www.mumbaiuniversityidol.com/2021/04/sybcom-advertising-exam-mcq-pdf.html 4) https://www.mumbaiuniversityidol.com/2021/05/advertising-mcq-pdf-sybcom-advertising.html   Business Law 1) https://www.surajpateleducation.com/2020/12/business-law-sybcom-mcq-pdf.html 2) https://www.surajpateleducation.com/2020/12/business-law-sybcom-mcq-importance.html 3) https://www.surajpateleducation.com/2021/09/business-law-sybcom-semester-4-mcq-pdf.html   Business Economics 1) https://www.surajpateleducation.com/2020/10/business-economics-sybcom-students-mcq.html 2) https://www.surajpateleducation.com/2020/12/business-economics-business-economics.html 3) https://www.surajpateleducation.com/2021/04/business-economics-sybcom-sybcom.html 4) https://www.surajpateleducation.com/2021/09/sybcom-business-economics-mcq-with.html https://www.mumbaiuniversityidol.com/2021/04/sybcom-business-economics-mcq-pdf.html   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  

Cost Accounting, M.COM PART 1, Question Bank

mcom part 1 cost and management accounting mcq PDF

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M.Com Part 1  cost and management accounting mcq Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html      1 Contribution = A.   Sales – Fixed Cost B.   Sales – Profit C.   Sales – Variable Cost D.   Variable Cost + Fixed Cost ANS: C     2 Insurance of Factory Premises is _______ A.   Semi-Variable Cost B.   Fixed Cost C.   Variable Cost D.   Cost ANS: B     3 Machinery rent is dependent on production and different for first 2000 units, from 2000 to 5000 units and above 5000 units then this rent will be _____ A.   Variable Cost B.   Fixed Cost C.   Semi-Variable Cost D.   Cost ANS: C     4 Security charges paid are _______ A.   Fixed Cost B.   Variable Cost C.   Semi-Variable Cost D.   Cost ANS: A   5 Labour expenses are_______ A.   Variable Cost B.   Semi-Variable Cost C.   Fixed Cost D.   Cost ANS: A     6 Contribution – Profit A.   Variable Cost B.   Fixed Cost C.   Sales D.   Break Even Point ANS: B     7 Variable Cost is __________ if Sales 500000 and Profit Volume Ratio is 50% A.   450000 B.   350000 C.   250000 D.   150000 ANS: C   8 Margin of Safety 750000 Sales 1000000 then Break Even Point is ____________ A.   525000 B.   250000 C.   15000 D.   25000 ANS: B     9 Margin of Safety – 500000 & PVR = 40% then Profit = A.   300000 B.   400000 C.   2000000 D.   200000 ANS: D     10 Variable Cost = 4,00,000 PVR = 80% then Sales = A.   1000000 B.   320000 C.   2000000 D.   200000 ANS: C     11 Break Even Point is 100000 PVR = 10% then Fixed Cost = A.   1000000 B.   100000 C.   10000 D.   90000 ANS: C     12 Sales = 500000 Contribution = 3,00,000 then Variable Cost = A.   200000 B.   800000 C.   300000 D.   400000 ANS: A     13 Change in PVR = A.   Contribution/Sales X 100 B.   Change in Profit/Change in sales X 100 C.   Change in Profit/Change in Sales D.   Sales/Contribution X 100 ANS: B     14 Change in variable cost reflects in ___________ first A.   Total Amount B.   Per Unit C.   Fixed Cost D.   Total ANS: B   15 Change in fixed cost reflects in ___________ first A.   Total Amount B.   Per Unit C.   Variable Cost D.   Unit Cost ANS: A   16 Material Cost Variance Formula = A.   Material Cost Variance B.   (Standard Quantity of Material – Actual Quantity of Material used) X Standard Price of Material C.   (Standard Price of Material X Standard Quantity of Material) – (Actual Price of Material X Actual Quantity of Material used) D.   (Standard Price of Material – Actual Price of Material) X Actual Quantity of Material used ANS: C     17 Material Price Variance Formula = A.   (Standard Price of Material – Actual Price of Material) X Actual Quantity of Material used B.   (Standard Quantity of Material – Actual Quantity of Material used) X Standard Price of Material C.   (Standard Price of Material X Standard Quantity of Material) – (Actual Price of Material X Actual Quantity of Material used) D.   Material Price Variance ANS: A     18 Material Usage Variance Formula = A.   (Standard Price of Material – Actual Price of Material) X Actual Quantity of Material used B.   (Standard Quantity of Material – Actual Quantity of Material used) X Standard Price of Material C.   (Standard Price of Material X Standard Quantity of Material) – (Actual Price of Material X Actual Quantity of Material used) D.   Material Usage Variance ANS: B     19 Labour Efficiency Variance Formula = A.   (Standard Rate of Labour – Actual Rate of Labour ) X Actual Labour Hours B.   (Standard Labour Hours – Actual Labour Hours) X Standard Rate of Labour C.   (Standard Rate of Labour X Standard Labour Hours) – (Actual Rate of Labour X Actual Labour Hours) D.   Labour Efficiency Variance ANS: B     20 Labour Rate Variance Formula = A.   (Standard Rate of Labour – Actual Rate of Labour ) X Actual Labour Hours B.   (Standard Labour Hours – Actual Labour Hours) X Standard Rate of Labour C.   (Standard Rate of Labour X Standard Labour Hours) – (Actual Rate of Labour X Actual Labour Hours) D.   Labour Rate Variance ANS: A     21 Labour Cost Variance Formula = A.   (Standard Rate of Labour – Actual Rate of Labour ) X Actual Labour Hours B.   (Standard Labour Hours – Actual Labour Hours) X Standard Rate of Labour C.   (Standard Rate of Labour X Standard Labour Hours) – (Actual Rate of Labour X Actual Labour Hours) D.   Labour Cost Variance ANS: C     22 Break Even Point __________ A.   Sales + Margin of Safety B.   Profit/Contribution pu C.   Fixed Cost/Contribution pu D.   Sales – Contribution ANS: B     23 Marginal Costing is used for _______ A.   Reporting B.   Decision Making C.   Costing D.   Marginizing ANS: B   24 Break Even Point = A.   Sales – Margin of Safety B.   Margin of Safety/Profit Volume Ratio C.   Fixed Cost X Profit Volume Ratio D.   Sales – Variable Cost ANS: A     25 Showroom Rent paid is_______ A.   Variable Cost B.   Fixed Cost C.   Semi-Variable Cost D.   Cost  ANS: B     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           Strategic Management https://www.mumbaiuniversityidol.com/2021/05/strategic-management-mcom-part-1-mcq-pdf.html https://www.mumbaiuniversityidol.com/2021/05/marketing-strategies-and-plans-mcom.html     ECONOMICS OF GLOBAL TRADE AND FINANCE https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-economics-mcq-pdf-economics.html   ADVANCED FINANCIAL ACCOUNTING https://www.mumbaiuniversityidol.com/2021/05/advanced-cost-accounting-mcom-part-1.html   HUMAN RESOURCE MANAGEMENT           https://www.surajpateleducation.com/2020/11/human-resource-management-mcom-part-1.html    

Business Ethics, M.COM PART 1, Question Bank

M.com part 1 Business Ethics MCQ

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 M.Com Part 1 Business Ethics MCQ Semester 1 Exam  Mumbai University M.com Part 1 All Subject MCQ Link In One Link 👉Click Here👈       1.    An organisation’s obligation to act to protect and improve society’s welfare as well as its own Interest is referred to as A.   organisational social responsibility B.   organisational social responsiveness C.   corporate obligation D.   business ethics ANS: A   2.    A stakeholder orientation includes all of the following activities except: A.   generating data about stakeholder groups B.   assessing the firm’s effects on stakeholder groups C.   distributing stakeholder information throughout the firm D.   minimizing the influence of stakeholder information on the firm ANS: D   3.    Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can: A.   increase revenue B.   increase costs C.   decrease revenue D.   decrease costs ANS: A   4.    It is deceptively used by an organisation to promote the perception that its products, aims, or policies are environmentally friendly- A.   Blue washing B.   white washing C.   green washing D.   green pricing. ANS: C   5.    Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can: A.   increase revenue B.   increase costs C.   decrease revenue D.   decrease costs ANS: A   6.    The word _______ means fundamental values or moral rights A.   Ethics B.   Business C.   Commerce D.   Economics ANS: A   7.    “Busines ethics is a study of business situations, activities and decisions where issues of right and wrong are addressed A.   Robert Ginner B.   Andrew Crave C.   Krik O Hanson D.   Investopedia ANS: B   8.    Morality is the soul of business ethics A.   Code of conduct B.   Ethical Values C.   Subjective Term D.   Proper set-up ANS: B   9.    Morality and quality judgement are the core factors for conduct of business activities. A.   Code of conduct B.   Ethical Values C.   Subjective Term D.   Proper set-up ANS: A   10. FEATURES OF BUSINESS ETHICS A.   Code of conduct B.   Ethical Values C.   Subjective Term D.   All Of Above ANS: D   11. ______In India SSI and Cottage Industry plays on active role. A.   Protection of S.S.I. & Cottage Industry B.   Welfare of the Society C.   Growth and Expansions D.   Decision making ANS: A   12. FEATURES OF INDIAN ETHOS AND VALUES A.   Godliness of Individual B.   Understanding Self C.   Cosmic Consciousness D.   All Of Above ANS: D   13. CSR is mandatory for Indian companies to form which year…… A.   2013 B.   2014 C.   2012 D.   2015 ANS: B   14. What percentage of net profit of companies is required to be used as CSR……. A.   2% B.   1.5% C.   3% D.   2.5% ANS: A   15. Who is regarded as the father of CSR…. A.   Bowen B.   Friedman C.   Ackerman D.   Carroll ANS: D     16. Companies Act 2013 schedule …….mentioned about CSR activities. A.   VII B.   VI C.   V D.   VIII ANS: A     17.  The company matches donations made by employees to eligible nonprofit organizations are called……… A.   Employee matching gift B.   employee reimbursement scheme C.   employee guarantee scheme D.   Philip Kotler and Nancy Lee ANS: A     18.  (CSR) can be defined as a Company’s sense of responsibility towards the____ and____ in which it operates. A.   community B.   environment C.   world D.   state ANS: A     19. It is proven that employees enjoy working more for a firm that has a good____ A.   public image B.   local image C.   self image D.   national image ANS: A   20. After the proper implementation of CSR projects, it requires a timely____ of the same A.   Review B.   allteration C.   modification D.   delegation ANS: B   21. The ISO 26000 standard was launched in the year_____ A.   2010 B.   2011 C.   2012 D.   2013 ANS: A   22. ______Corporate Governance, business ethics and CSR, Ane Books Pvt Ltd, New Delhi A.   Sharma J.P B.   R.C. Sekhar C.   Philip Kotler and Nancy Lee D.   Ellington ANS: A   23. Real need of business ethics is felt in recent years following are the points which will stress out need & importance of business ethics A.   Need and importance of Business Ethics B.   Survival C.   Consumer rights D.   Welfare of the Society ANS: A   24. ______Employees should always carry positive attitude while working in the organisation. A.   Passion B.   Attitude C.   Humility D.   Equity ANS: B   25. Indian Contract Act ____ A.   1872 B.   1999 C.   1932 D.   1875  ANS: A           Best Other MCQ  Webside www.mumbaiuniversityidol.com All Subject MCQ Link      STRATEGIC MANAGEMENT 1)  https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-strategic-management-mcq.html 2)  https://www.mumbaiuniversityidol.com/2021/05/strategic-management-mcom-part-1-mcq-pdf.html 3)  https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-strategic-management-mcq-pdf.html   ADVANCE COST 1)  https://www.mumbaiuniversityidol.com/2021/05/mumbai-university-idol-mcq-pdf-idol.html 2)  https://www.mumbaiuniversityidol.com/2021/05/advanced-cost-accounting-mcom-part-1.html 3)  https://www.mumbaiuniversityidol.com/2021/05/advance-cost-accounting-mcom-paer-1-mcq.html 4)  https://www.mumbaiuniversityidol.com/2021/05/mumbai-university-idol-mcq-pdf-idol.html   ECONOMICS OF GLOBAL TRADE & FINANCE https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-economics-mcq-pdf-economics.html   MARKETING STRATEGIES https://www.mumbaiuniversityidol.com/2021/05/marketing-strategies-and-plans-mcom.html   ADVANCED FINANCIAL https://www.mumbaiuniversityidol.com/2021/05/mumbai-university-idol-mcq-pdf-idol.html       If You Need Most Importance MCQ PDF All Subject Question Bank Than Pay Per Subject Rs 100 Only  Contact 8652719712 / 8779537141              Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol     Suraj Patel Education :- https://t.me/surajpateleducation     S.S.C EXAM:-    https://t.me/joinchat/wIOptdUxh8A3YWU1     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            Business Ethics mcqs with answers pdf m.com part 1 Business Ethics m.com mcq pdf Business Ethics multiple choice questions and answers pdf Business Ethics mcqs Business Ethics m.com part 1 books Business Ethics questions and answers pdf Business Ethics exam questions and answers pdf Business Ethics m.com part 1 mumbai university Mumbai University Business Ethics M.com Business Ethics mcom part 1 Business Ethics MCQ    

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

Business economics fybcom sem 1 mcq pdf

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  1.    The monopoly firm faces a _____ demand curve.    a.    veritcle           b.    Upward slopping      c.    Kinked           d.    downward sloping                           ANS: D   2.    An _____ firm does not face a definite demand curve.       a.    Monopolistic competition    b.    Monopoly      c.    Perfect Competition d.    Oligopoly                               ANS: D   3.    All of the following are determinants of demand except _____   a.    Consumer income   b.    Price related to goods         c.    Quantity supplied     d.    Size of population                            ANS: C   4.    A perfect competitive firm faces a _____ demand curve for its product.          a.    upward sloping         b.    downward sloping   c.    vertical straight line d.    horizontal straight line                                 ANS: D   5.    The demand curve under monopoly is a _____ curve.       a.    upward sloping         b.    downward sloping   c.    horizontal straight line         d.    None of the above                           ANS: B   6.    When demand is perfectly elastic, the demand curve is _____.  a.    horizontal straight line         b.    vertical straight line c.    Steep  d.    None of the above                           ANS: A   7.    _____ is the desire for a commodity which is backed by ability and willingness to pay its price.        a.    Demand         b.    Supply           c.    Demand function     d.    Supply function                                ANS: A   8.    Under oligopoly the firm faces a _____ demand curve.     a.    horizontal      b.    vertical           c.    upward sloping         d.    Kinked (Indeterminate)                               ANS: D   9.    An endless demand at the given price is the case of ______ demand. a.    Relatively elastic      b.    Unitary elastic           c.    perfectly elastic        d.    None of these                                   ANS: C   10. A steeper demand curve represent relatively ______ demand.    a.    elastic b.    perfectly c.    elastic inelastic         d.    unitary                                    ANS: C   11. If income rise by 10%, demand too rise by 10%, then income elasticity of demand is ______.         a.    Unitary elastic           b.    Relatively elastic      c.    unitary            d.    perfectly elastic                                ANS: C   12. If two goods are unrelated to each other, then it is ______ cross elasticity of demand.            a.    None of the above   b.    Positive c.    Negative        d.    zero                            ANS: D   13. Advertisement elasticity of demand is always ______.      a.    Negative        b.    positive          c.    zero    d.    None of the above                           ANS: B   14. Different ______ are indicated by differently sloping income demand curve. a.    price elasiticity          b.    Income elasticities   c.    Elasticity of substitution d.    None of these                                   ANS: B   15. A vertical straight line demand curve implies ______ degree of price elasticity.        a.    Positive          b.    Negative        c.    None ot these           d.    zero                            ANS: D   16. Commodities which requires a large portion of consumer’s income tend to have ______ demand.     a.    perfectly elastic b.    Zero    c.    inelastic         d.    elastic                         ANS: D   17. Jointly demanded goods tend to have ______ demand.    a.    inelastic         b.    perfectly elastic c.    Relatively inelastic   d.    inelastic                                 ANS:  D   18. A flatter demand curve represent relatively ______ demand.       a.    elastic b.    Relatively elastic      c.    None ot the above   d.    inelastic                                 ANS:  A   19. If elasticity of demand = 1, the marginal revenue is ______.         a.    zero    b.    Infinity c.    Positive          d.    Negative                                ANS: A   20. Which could be a positive cross elasticity demand between Butter and Jam?          a.    1          b.    – 0.9   c.    0.9       d.    2                                  ANS: B   21. When demand is perfectly elastic, the demand curve is : a.    Steep  b.    Non-linear     c.    Linear d.    Horizontal straight line                    ANS: D  

Indirect Tax, M.COM PART 2, Question Bank

M.com part 2 Indirect Tax mcq questions and answers pdf

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   M.com Part 2 All Subject MCQ Link In One Link   Click Here👈    1. Indian has chosen _____________ model of dual GST. a) USA b) UK c) Canadian d) Japan ANS: C   2. Liability to pay tax by the recipient of supply of goods or services is called __________. a) Forward charge b) Reverse charge c) Output tax d) Input tax ANS: B   3. Tax paid on purchase of goods or services or both is called__________. a) Output tax b) Composite tax c) Input tax d) Reverse tax ANS: C   4. Which of the following are not a benefits of GST ? a) Creation of unified national market b) Boost to ‘Make in India’ initiative c) More Competitive products d) Increase in overall tax burden on consumer ANS: D   5. Works contract is a supply of __________. a) Services b) Goods c) Both goods and services d) Neither goods nor supply of services6 ANS: A   6. Gifts not exceeding ________ in a year by an employer to employee shall not be treated as supply. a) Rs. 5,000 b) Rs. 10,000 c) Rs. 50,000 d) Rs. 1,00,000 ANS: C   7. A DTH company supplies a dish, set-top box, 3 year repairing and subscription of 500 channels for five years services as a package to the customers for Rs. 25,000. This is a ________. a) Mixed supply b) Continous supply c) Composite supply d) Common supply ANS: C   8. One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50 is ________. a) Composite supply b) Mixed supply c) Common supply d) Continous supply ANS: B   9. What would be the tax rate applicable in case of composite supply ? a) Tax rate as applicable on principal supply b) Tax rate as applicable on ancillary supply c) Tax rate as applicable on supply attracting the highest rate of tax d) Not taxable at all ANS: A   10. What would be the tax rate applicable in case of mixed supply ? a) Tax rate as applicable on supply attracting the lowest rate of tax b) Tax rate as applicable on supply attracting the highest rate of tax c) Tax rate as applicable on principal supply d) Tax rate as applicable on ancillary supply ANS: B   11. A person is liable to be registered under GST law where the aggregate value of supply of services exceeds Rs. ______________, in general category. a) 10 Lakhs b) 20 Lakhs7 c) 40 Lakhs d) 75 Lakhs ANS: B   12. ________________ is the application form for registration on casual taxable person. a) GST-REG-11 b) GST–REG-01 c) GST-REG-10 d) GST-REG-06 ANS: B   13. __________________ is the15 -digit GST Identification Number. a) GSTN b) GSTP c) GSTIN d) GSTR ANS: C   14. In case of special category states the limit of aggregate turnover for GST registration is Rs. _____________ . a) 10 Lakhs b) 20 Lakhs c) 40 Lakhs d) 30 Lakhs ANS: A   15. Mr. Z shows following supplies in March 20 : Export of services: Rs. 15 lacs; Supply of goods exempted Rs. 5 lacs; Supply of taxable goods: Rs. 10 lacs. The aggregate turnover under GST in case of Mr. Z will be: a) 20 lacs b) 25 lacs c) 30 lacs d) 10 lacs ANS: C   16. Ms. Dayaben who has place of business in Ahmedabad engaged in supply of goods shows the following details for the year 2019-2020: Month Taxable PurchasesTaxable Sales Tax-Free Sales Dec 17 430,000 500,000 200,000 Jan 18 45,000 200,000 100,000 Feb 18 70,000 300,000 210,000 Mar 18 80,000 100,000 200,000 From which month is She is liable to apply for registration under GST. a. Jan 18 b. Feb 18 c. Mar 18 d. Not liable for registration. ANS: D    17. GST registration is _________. a) PAN based b) passport based 8 c) Aadhar based d) none of the above ANS: A    18. Within how many days a person should apply for registration ? a) Within 30 days from the date he becomes liable for registration b) Within 60 days from the date he becomes liable for registration c) No Time Limit d) Within 90 days from the date he becomes liable for registration ANS: A    19. What is the validity of registration certificate issued to casual taxable person and  non-resident taxable person ? a) 90 days from the effective date of registration b) Period specified in the application of registration c) Earliest of (a) or (b) above d) 180 days from the effective date of registration ANS: C    20. Which of the following persons are not liable for compulsory registration _________. a) E-commerce operators b) Agriculturists c) Input Service Distributors d) Non Resident Taxable person ANS: B    21. When can a voluntarily registration may not be cancelled ? a) If the person does not start business within 6 months from the date of registration b) Business has been discontinued or transferred for any reason c) Non-filing of returns for a continuous period of 6 months d) If a person files all the return within due date under GST ANS: D    22. The application shall be forwarded to the _________ who shall examine the application and the accompanying documents for GST registration. a) Proper Officer b) GSTN c) GSTP d) GST Portal ANS: A    23. Certificate of registration is issued in which form ? a) GST REG-06 b) GST REG-02 9 c) GST REG-01 d) GST REG-10 ANS: A    24. What is the validity of the registration certificate ? a) One year b) No validity c) Valid till it is cancelled. d) Five years. ANS: C    25. Within how many days an application for revocation of cancellation of registration can be made ? a) 7 days from the date of service of the cancellation order b) 15 days from the date of issue of the cancellation order c) 45

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

F.Y.B.com business economics sem 1 mcq with answers pdf

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  FYBCOM – BUSINESS ECONOMICS EXAM SEN 1. MCQ QUESTION BANK         1.    The monopoly firm faces a _____ demand curve.    a.    veritcle           b.    Upward slopping      c.    Kinked           d.    downward sloping                           ANS: D   2.    An _____ firm does not face a definite demand curve.        a.    Monopolistic competition    b.    Monopoly      c.    Perfect Competition d.    Oligopoly                               ANS: D   3.    All of the following are determinants of demand except _____     a.    Consumer income   b.    Price related to goods         c.    Quantity supplied    d.    Size of population                           ANS: C   4.    A perfect competitive firm faces a _____ demand curve for its product.            a.    upward sloping        b.    downward sloping   c.    vertical straight line d.    horizontal straight line                                ANS: D   5.    The demand curve under monopoly is a _____ curve.       a.    upward sloping        b.    downward sloping   c.    horizontal straight line        d.    None of the above                           ANS: B   6.    When demand is perfectly elastic, the demand curve is _____.    a.    horizontal straight line        b.    vertical straight line c.    Steep  d.    None of the above                           ANS: A   7.    _____ is the desire for a commodity which is backed by ability and willingness to pay its price.        a.    Demand         b.    Supply           c.    Demand function     d.    Supply function                               ANS: A   8.    Under oligopoly the firm faces a _____ demand curve.      a.    horizontal      b.    vertical           c.    upward sloping        d.    Kinked (Indeterminate)                               ANS: D   9.    An endless demand at the given price is the case of ______ demand.   a.    Relatively elastic      b.    Unitary elastic           c.    perfectly elastic        d.    None of these                                   ANS: C   10. A steeper demand curve represent relatively ______ demand.     a.    elastic b.    perfectly c.    elastic inelastic         d.    unitary                                    ANS: C   11. If income rise by 10%, demand too rise by 10%, then income elasticity of demand is ______.          a.    Unitary elastic           b.    Relatively elastic      c.    unitary            d.    perfectly elastic                                ANS: C   12. If two goods are unrelated to each other, then it is ______ cross elasticity of demand.            a.    None of the above   b.    Positive c.    Negative        d.    zero                            ANS: D   13. Advertisement elasticity of demand is always ______.        a.    Negative        b.    positive          c.    zero    d.    None of the above                           ANS: B   14. Different ______ are indicated by differently sloping income demand curve.   a.    price elasiticity          b.    Income elasticities   c.    Elasticity of substitution d.    None of these                                   ANS: B   15. A vertical straight line demand curve implies ______ degree of price elasticity.          a.    Positive          b.    Negative        c.    None ot these           d.    zero                            ANS: D   16. Commodities which requires a large portion of consumer’s income tend to have ______ demand.     a.    perfectly elastic b.    Zero    c.    inelastic         d.    elastic                         ANS: D   17. Jointly demanded goods tend to have ______ demand.    a.    inelastic         b.    perfectly elastic c.    Relatively inelastic  d.    inelastic                                 ANS:  D   18. A flatter demand curve represent relatively ______ demand.        a.    elastic b.    Relatively elastic      c.    None ot the above   d.    inelastic                                 ANS:  A   19. If elasticity of demand = 1, the marginal revenue is ______.           a.    zero    b.    Infinity            c.    Positive          d.    Negative                                ANS: A   20. Which could be a positive cross elasticity demand between Butter and Jam?            a.    1          b.    – 0.9   c.    0.9       d.    2                                  ANS: B   21. When demand is perfectly elastic, the demand

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

F.y.b.com sem 1 commerce mcq pdf

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    F.y.b.com Sem.1  Commerce MCQ PDF       1. William Glueck in his book “Strategic Management” has identified the strategy alternative except a. Retraction b. Competition Act c. Liberalization d. Bio ligation ANS: A     2. The firm using strategy concentrates on the current product and current market a. Stability b. Current c. Marketing d. Product ANS: A   3. Stability strategy involves risk as compared to growth strategy. a. Less b. Max c. More d. Come ANS: A   4. This strategy is adopted by those firms that adopt traditional management philosophy they adopt a narrow or a traditional approach towards growth and development a. Stability b. Process function c. Managing function d. Sales function ANS: A     5. ______ is a type of intensification strategy a. Market Development Strategy b. intensification strategy c. Managing Development d. Marketing Development ANS: A   6. ____ is a type of diversification strategy a. intensification strategy b. Managing Development c. Marketing Development d. Horizontal Diversification ANS: D   7. This strategy involves extending existing product to new market a. Market Development Strategy b. intensification strategy c. Managing Development d. Marketing Development ANS: A     8. _____ is not a type of diversification a. intensification strategy b. Managing Development c. Marketing Development d. Congletome Diversification ANS: D   9. A ____ may take place between two or more firms either from the same country or from different countries a. joint venture b. Come Venture c. Country venture d. Either venture ANS: A   10. ____ is not a Reasons for Merger / Advantages a. Customer complaint b. intensification strategy c. Managing Development d. Marketing Development ANS: A   11. ____ is not a reason for takeover a. Exit formalities b. intensification strategy c. Managing Development d. Come Formalities ANS: A   12. ____ is a type of retrenchment strategy a. Divestment b. retrenchment c. strategy d. Organisation ANS: A   13. In this case the organisation takes a decision to sell its entire business and the funds so realized can be invested in some other business a. Liquidation b. Divestment c. retrenchment d. Organisation ANS: A   14. The ____environment comprises of the firm Strategies & Policies, management relationships manpower resources like manpower, capital etc a. Internal b. External c. Sociology d. Psychology ANS: A     15. In SWOT W stands for ____ a. Weakness b. Divestment c. retrenchment d. Organisation ANS: A     16. A ___ statement reflects the vision the purpose and the philosophy of the organization. a. Mission b. Divestment c. retrenchment d. Organisation ANS: A   17. It relates to the human population in terms of age, size literacy rate, rural urban population, occupation a. Demographic environment b. intensification strategy c. Managing Development d. Marketing Development ANS: A   18. _____environment includes laws which define and protect the rights of individual and Organisation a. Legal Environment b. Professional Environment c. intensification strategy d. Managing Development ANS: A     19. By reducing tariff barriers in WTO replaced GATT. a. 1995 b. 1955 c. 1877 d. 1936 ANS: A   20. GATS = General Agreement on Trade in _____ a. Services b. Goods c. Product d. Services ANS: A     21. ____gives protection to patent, copyright and Trademark a. TRIP Agreement b. Globalisation c. Competition Act d. Liberalization ANS: A   22. _____ is a positive impact of trading bloc a. Globalisation b. Competition Act c. Liberalization d. Employment ANS: D   23. Critics point out that regionalism results in lack of interest in ______ a. Multilateralism b. Globalisation c. Competition Act d. Liberalization ANS: A   24. Regionalism lead to trade ____ rather than trade creation. a. Diversion b. Globalisation c. Competition Act d. Liberalization ANS: A     25. Analysis of competitors strategies is an element of ______environmental analysis a. External b. Internal c. Receipt d. Payment ANS: A   Other Subject MCQ LINK Below COMMERCE https://www.mumbaiuniversityidol.com/2021/04/commerce-fybcom-mcq-pdf-fybcom-sem-2.html   BUSINESS ECONOMIC https://www.mumbaiuniversityidol.com/2021/04/fybcom-mcq-for-business-economics.html   FOUNDATION COURSE 1)  https://www.mumbaiuniversityidol.com/2021/05/foundation-course-mcq-questions-and.html 2)  https://www.mumbaiuniversityidol.com/2021/05/fybcom-foundation-course-mcq-pdf.html   ENVIRONMENTAL STUDIES https://www.mumbaiuniversityidol.com/2021/04/fybcom-environmental-studies-mcq-pdf.html   MATHEMATICAL AND STATISTICAL TECHNIQUES https://www.mumbaiuniversityidol.com/2021/04/fybcom-mathematical-mcq-pdf.html     F.y.b.com commerce mcq pdf Fybcom sem 1 commerce mcq pdf with answers F.y.b.com commerce sem 1 mcq Fyb.com mcq question pdf pune university B.com mcq question pdf mumbai university Fyb.com mcq question pdf pune university 2021 Fyb.com mcq question pdf pune university Commerce 1 f.y.b.com mcq with answers Fybcom sem 1 mcq pdf with answers Fyb.com mcq question pdf sem 1 Fybcom sem 1 mcq questions and answers F.y.b.com sem 1 commerce mcq pdf Commerce 1 f.y.b.com mcq pdf   One Best Website For MCQ Name And link Below Suraj Patel Education www.surajpateleducation.com   F.Y.B.Com All Subject MCQ PDF Only One Link https://www.surajpateleducation.com/2021/05/fy-all-subject-most-importance-mcq.html If You Need Most Importance MCQ PDF COMMERCE 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/UCv8JIY58xfWHUIXVu9wxNHw  

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