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M.COM Part 2 INDIRECT TAX MCQ PDF | Mumbai University Tax MCQ PDF

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  M.com Part 1 All Subject MCQ Link In One Link Click Here👈 1. HSN Code Stands for _________.a) Home Shopping Networkb) Harmonised System of Nomenclaturec) Harmonised System Numberd) Home State NumberANS: B 2. The main decision making body relating to GST laws is the __________. a) Central Govt.b) Sales Tax Departmentc) GST Councild) CBDTANS: C 3. Services rendered by an agent on behalf of principal are treated as rendered by _________.a) Agentb) Principalc) Neither of themd) Both of themANS: B 4. Supply of goods from one state to another state by movement of goods will be treated as ___________supply.a) Intra-stateb) Inter-statec) Importd) Local supplyANS: B 5. GST is ___________based consumption tax.a) Finalb) Salec) Destinationd) ManufactureANS: C 6. What is the full form of GST ?a) Goods and Supply Taxb) Goods and Services Taxc) General Sales Taxd) Government Sales Tax2ANS: B 7. GST was implemented in India from___________.a) 1st January 2017b) 1st April 2017c) 1st March 2017d) 1st July 2017ANS: D 8. What does “I” in IGST stands stand for ?a) Interb) Intregratedc) Internald) IntraANS: B 9. What does “S” in SGST stands stand for ?a) Stateb) Statusc) Similard) SimpleANS: A 10. IGST is payable when the supply is ___________.a) Interstateb) Intra- UTc) Intra-stated) Within the StateANS: A 11. SGST is applicable when _________.a) Goods are sold within a stateb) Goods are sold from one state to another statec) Goods are Exported outside Indiad) Goods are Supplied to SEZ unitANS: A 12. Goods and service tax is a __________ tax system.a) Single pointb) Multipointc) Regressived) Progressive3ANS: B 13. UTGST is levied on supply of goods and provision of services by ______.a) Centreb) Statec) Union Territoryd) Both (b) and (c)ANS: C 14. GST would not be applicable to :a) Alcohol Liquor for human consumptionb) Transportation of Goodsc) Transportation of Passengerd) Supply of Taxable ServicesANS: A 15. Which of the following is subsumed under Central GST ?a) Service Taxb) Custom Dutyc) Electricity Dutyd) Profession TaxANS: A 16. When a GST dealer in Kerala sells a product to a GST dealer or customer in Tamil Nadu, the tax collected is _________.a) SGSTb) CGSTc) UTGSTd) IGSTANS: D 17. Which of the following taxes levied on intra-State supply ?a) CGSTb) SGST/UTGSTc) Both (a) and (b)d) IGSTANS: C 18. In India. GST Structure is_________ in nature.a) Dualb) Singlec) Tripled) Quadruple4ANS: A  19. Services by an employee to the employer in the course of or in relation to his employment is__________.a) Supply of Goodsb) Not a supplyc) Supply of Servicesd) Supply of Both goods and servicesANS: B 20. Which of the following taxes have not been subsumed in State GST ?a) Entry Taxb) Stamp Dutyc) VATd) Entertainment TaxANS: B 21. Under GST law Compensation cess is applicable on _________.a) Luxury articles and demerit goodsb) Consumer goodsc) Petroleum products and Alcohold) All goods & servicesANS: A 22. Goods which get input tax credit without being liable to collect output tax is called_________.a) Exempt goodsb) Zero rated goodsc) Taxable goodsd) Nil Rated goodsANS: B 23. Under GST law, “Aggregate turnover” of a dealer doesn’t include _________.a) GST and Cessesb) Interstate Suppliesc) Exports Suppliesd) Exempt SuppliesANS: A 24. _________refers to receipt of goods or services or both whether by purchase, acquisition or any other means with or without consideration.a) Outward supplyb) Taxable supplyc) Exempt Supplyd) Inward supplyANS: D 25. Who is the chairman of GST Council ?a) Vice President of Indiab) Union Finance Ministerc) Leader of oppositiond) Chief justice of Supreme Court ANS: B M.com Part 2 Other Subject MCQ  FINANCIAL MANAGEMENT https://www.mumbaiuniversityidol.com/2021/04/financial-management-mcom-part-2-mcq-pdf.html 1.   https://www.surajpateleducation.com/2021/05/financial-management-mcq-book-pdf.html 2.   https://www.surajpateleducation.com/2021/04/mcom-part-2-financial-management-mcq-pdf.html ENTREPRENEURSHIP https://www.mumbaiuniversityidol.com/2021/05/mcom-part-2-entrepreneurship.html 1)   https://www.surajpateleducation.com/2021/01/entrepreneurship-mcom-part-2-multiple.html https://www.surajpateleducation.com/2021/01/entrepreneurship-development-importance.html AUDITING https://www.mumbaiuniversityidol.com/2021/05/auditing-mcom-part-2-mcq-pdf-mcom-part.html 1.   https://www.surajpateleducation.com/2020/10/auditing-question-bank-2020.html 2.   https://www.mumbaiuniversityidol.com/2021/05/auditing-mcom-part-2-mcq-pdf-mcom-part.html RESEARCH METHODOLOGY https://www.mumbaiuniversityidol.com/2021/05/research-methodology-mcom-part-2-mcq.html 1.   https://www.surajpateleducation.com/2020/10/suraj-patel-education-research.html 2.   https://www.surajpateleducation.com/2020/10/research-methodology-mcom-part-ii.html

Mumbai University IDOL Economics M.Com Part 1 MCQ PDF | Economics mcq questions and answers pdf

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Mumbai University IDOL  M.Com Part 1 Economics MCQ  Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html 1 A tax is shifted ___________ to producers if the supply is inelastic relative to demand.A.   backwardB.   steeperC.   forwardD.   upwardANS: A 2 Price ceiling is a legal __________on the price at which a good can be sold. A.   maximumB.   minimumC.   optimumD.   efficientANS: A 3 The bandwagon effect makes the market demand curve for the commodity to be ______A.   more elasticB.   less elasticC.   unitaryD.   neutralANS: A 4 the Veblen effect also give rise to __________ which result in ‘Z’ shaped demand curveA.   Giffen paradoxB.   Veblen paradoxC.   bandwagon effectD.   index paradoxANS: B 5 in the equation Dx= a- b Px , a denotes the ________of the demand .A.   scarcityB.   slopeC.   attributesD.   costANS: A 6 ________price influences the supply of a commodity. A.   ReservationB.   OptimumC.   NegativeD.   EquilibriumANS: A 7 When demand is ______, price and total revenue move in the same direction . A.   elasticB.   unitary elasticC.   inelasticD.   perfect elasticANS: C 8 the demand for food items is _________A.   inelasticB.   elasticC.   unitary elasticD.   perfect inelasticANS: D 9 if demand is inelastic relative to supply, most of tax burden is shifted to _______A.   sellerB.   producerC.   both seller and buyerD.   consumersANS: D 10 when the government impose the price floor below the __________price , the price floor is not binding. A.   reserveB.   equilibriumC.   supplyD.   demandANS: A 11 the retail prices of all petroleum products based on ___________formula. A.   international parityB.   domestic parityC.   SARC parityD.   Asian parityANS: A 12 The convex indifference curve indicates _______ marginal rate of substitution. A.   increasingB.   constantC.   upwardD.   neutralANS: A  13 A _____________sloping price consumption curve indicates negative price effect. A.   downwardB.   horizontalC.   forwardD.   back wardANS: D 14 the compensatory variation in income method leaves the consumers on _______A.   higher level of satisfactionB.   same level of satisfactionC.   lower level of satisfactionD.   parallel level of satisfactionANS: B 15 Indifference curve sloped downward from left to right due to______ marginal rate of  substitution.A.   diminishingB.   increasingC.   neutralD.   constantANS: A 16 Returns to scale determine the behavior of _________A.   short run average costB.   marginal costC.   average fixed costD.   long run average costANS: D 17 Which cost is incurred even if the company is closed? A.   Sunk costB.   Historical costC.   Shutdown costD.   Imputed costANS: C 18 Law of Variable proportion is applicable in_________A.   AgricultureB.   IndustriesC.   long runD.   agriculture and industryANS: D 19 The average product reached its maximum when _______A.   marginal product is zeroB.   there are increasing returns to scale.C.   marginal cost is infinitely largeD.   it is equal to marginal productANS: D 20 If marginal product is greater than average product, then as output is increased_______A.   average product is unchangedB.   Output cannot be increased in these circumstancesC.   average product decreasesD.   average product increasesANS: A 21 An isoquant is _______to an iso cost line at equilibrium point.A.   convexB.   perpendicularC.   concaveD.   tangentANS: D 22 Economies of scale are of two kinds______ 2A.   Temporary and permanentB.   Internal and externalC.   Managerial and industrialD.   Natural and artificialANS: B 23 Marginal cost is independent of_______A.   fixed costB.   average costC.   variable costD.   sunk costANS: A 24 Law of Variable proportion is applicable in________A.   AgricultureB.   IndustriesC.   Only (a)D.   Both (a) & (b)ANS: D 25 The production function includes all the _______methods of production. A.   technically optimumB.   technically efficientC.   cost benefit methodD.   cost out put method ANS: B 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     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

M.Com Part 1 Strategic Management MCQ For Mumbai University IDOL

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M.Com Part 1 Strategic Management MCQ  Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html  1 The hierarchy of strategic intend includes ____________.A.   Physical ResourcesB.   MaterialC.   VisionD.   InventoryANS: C 2 Strategy implementation requires ________ resources A.   Physical IntangibleB.   ImmaterialC.   InferiorD.   QualityANS: A 3 __________ refers to putting the organization’s chosen strategy into action so as to achieve strategic goals and objectives A.   Strategy FormulationB.   Strategy ImplementationC.   Strategy EvaluationD.   Strategy Planning ANS: B  4 Effective Strategic Management offers ______________ benefit to an organization  Leads to disputesA.   Achieve organizationalB.   goalsC.   Adversely affectD.   corporate image Huge LossesANS: B 5______ strategy is adopted by the firm when it tries to hold on to their current position in the marketA.   StabilityB.   GrowthC.   ExpansionD.   DiversificationANS: A 6 ______ strategy refers to dropping some of the products, markets or functions of the firm A.   TurnaroundB.   Joint VentureC.   DivestmentD.   MergerANS: C 7___________ strategy refers to changing product or business line A.   DiversificationB.   Market ResearchC.   Data MiningD.   SWOTANS: A 8 Analysis of external business environment enables to find out __________ of the firmA.   strength and weaknessB.   opportunity and threatC.   strength and threatD.   weakness and opportunityANS: B 9 The internal environment factor of business environment includes____________A.   Management PhilosophyB.   CustomersC.   SocietyD.   Economic EnvironmentANS: A 10 The external environment factor of business environment includes___________A.   Management PhilosophyB.   CustomersC.   Human ResourcesD.   Laboure – Management RelationshipANS: B 11 Business Environment is ______________.A.   SimpleB.   ComplexC.   StaticD.   StillANS: B 12 The fundamental purpose for the existence of any organization is described by its ____________A.   PoliciesB.   MissionC.   ProceduresD.   StrategyANS: B 13 What is meant by the term ‘Stakeholder’?A.   A person who owns a businessB.   A person who is not related with a businessC.   A person who is related with a businessD.   A person who purchases the shares of a businessANS: C 14 Strategic management process activate in the sequence of __________A.   Environmental scanning, Strategy formulation, Implementation, control and evaluationB.   Strategy formulation, Environmental scanning, Implementation, control and evaluationC.   Environmental scanning, Strategy Implementation, formulation, control and evaluationD.   Strategy formulation, Implementation, control, evaluation, Environmental scanningANS: A 15 Which of the following is part of the macro environment?A.   TechnologyB.   ShareholdersC.   CompetitorsD.   Channel of IntermediariesANS: A 16 The word ‘strategy’ is taken from Greek word ____________ A.   StandardB.   StrategistC.   StipulateD.   StrategosANS: D 17__________ implies the blueprint of the company’s future position A.   Supply ChainB.   TradingC.   VisionD.   HRMANS: C 18 Strategic Management facilitates ____________A.   Poor performance of businessB.   Environmental DegradationC.   Longevity of BusinessD.   Delay in Decision MakingANS: C 19 Strategic Management creates risk of ___________A.   Achieve organizational goalsB.   Selection of best strategyC.   Profit MaximizationD.   Problem of setting higher targetsANS: D 20 Human Resources Strategy involves ____________A.   Pricing of productB.   Quality ManagementC.   Financial ManagementD.   Recruitment and SelectionANS: D 21____________ is one of the techniqes of Environmental Scanning A.   TallyB.   MISC.   HRISD.   QUESTANS: D 22 cloth manufacturer enter into readymade garment manufacturing is an example of ________________ diversification A.   BackwardB.   ForwardC.   TriangleD.   DiagonalANS: B 23 In ______________ diversification,new business of a company is indirectly related with existing business.A.   ConcentricB.   ConglomerateC.   TriangleD.   DiagonalANS: A 24 __________ is a retrenchment strategy which includes converting loss making unit into a profitable oneA.   Joint VentureB.   TurnaroundC.   AmalgamationD.   LicensingANS: B 25 General Electric (GE) Matrix has __________ number of cells A.   6B.   7C.   8D.   9ANS: D If You Need Most Importance MCQ PDF Strategic Management 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

Mumbai University IDOl MCQ PDF | IDOL Cost Account MCQ With Answer

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 Cost Account M.Com Part ( I & II ) and T.Y.B.Com Very Importance MCQ Q.1 A functional classification of costs would classify “depreciation on office equipment” as aA. Product costB. Administrative expenseC. Selling expenseD. Variable costANS: D Q.2. A particular cost is classified as being semi-variable. What is the effect on the TOTAL COST if activity increases by 20%?A. Stays the sameB. Decreases by less than 20%C. Increases by 20%D. Increases by less than 20%ANS: C Q.3 The functional classification of costs include the following except(a) Prime cost(b) Production cost(c) Administration cost(d) Marketing costANS: B Q.4. Process of ascertainment of costs is known asA. CostingB. Cost reportingC. Cost controlD. None of the aboveANS: A Q.5.. Cost information facilitates many important decisions exceptA. Introduction of a productB. Whether to make or buyC. Rate of dividendD. Exploration of an additional marketANS: A Q.6.An example of fixed cost isA. Materials consumedB. DepreciationC. Factory powerD. Packing materialANS: B Q.7. Variable cost per unitA. Varies when output variesB. Remains constantC. Increases when output increasesD. Decreasases when output decreasesANS: B Q.8. Which of the following is considered to be a normal loss of material?A. Loss due to accidentsB. PilferageC. Loss due to careless handling of materialD. Loss due to breaking the bulkANS: D Q.9.Bin card is maintained by theA. Accounts departmentB. Costing departmentC. StoresD. None of the aboveANS: C Q.10 Which of the.following documents is used for issuing materials to production departments ?A. Purchase Requisition NoteB. Stores requisition NoteC. Goods Received NoteD. Stores Credit NoteANS: A Q.11. Labour turnover isA. productivity of labourB. Efficiency of the labourC. change in labour forceD. total cost of the labourANS: C Q.12. Bonus under halsey plan is paid(a) At 50% of time saved(b) At 75% of time saved(c) At 80% of time saved(d) At 90% of time savedANS: A Q.13. Merricks multiple piece rate system has(a) Two rates(b) Three rates(c) Four rates(d) Five ratesANS: B Q.14. bad debt is an exampleof(a) production overhead(b) administration overhead(c) selling overhead(d) Distributin overheadANS: C Q.15. Packing cost is a(a) Production cost(b) Selling cost(c) Distribution cost(d) It may be any of the aboveANS: C Q.16. A typical factory overhead cost is(a) Distribution(b) Internal audit(c) Compensation of plant manger(d) designANS: C Q.17. Cost of production – administrstion overheads=(a) Prime cost(b) Cost of sales(c) Work cost(d) Work-in-progressANS: A Q.18 Which of the following items is not included in preparation of a cost sheet(a) Carried inward(b) Purchase returns(c) Sales commission(d) Interest paidANS: D Q.19 Total cost – selling and distrubtion overheads =(a) Cost of goods sold(b) Closing stock(c) Cost of prodution(d) Net profitANS: D Q.20.What is prime cost(a) Total diret costs only(b) Total indiret costs only(c) Total non-production costs(d) Total production costsANS: A Q.21. Salary of a foreman should be classified as a(a) Fixed overhead(b) Variable overhead(c) Semifixed or semi-varible overhead(d) none of aboveANS: C Q.22. Overheads expenses can be classified according to(a) Function(b) Elements(c) Behavior(d) All of the aboveANS: D Q.23. Overtime premium is paid(a) At normal rate(b) Below the normal rate(c) At 50% of the normal rate(d) At double normal rateANS: D Q.24. For calculation of labour turnover under separation method(a) only the number of employees left from the organisation is considered(b) only the number of employees replaced are considered(c) only the number of employees retrenched are considered(d) only the number of employees who are new to the organisation is consideredANS: B Q.25. Perpetual inventory system involvesa. Bin card and Stores ledgerb. Bill of material and Material reqc. Purchase requisition and purchase orderd. Inward and Outward invoicesANS: A    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     M.Com Part 1   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  

Cost Account MCQ PDF | T.Y.B.com cost accounting mcq with answers pdf

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1. ……….set of account books are maintained under Non – Integrated system. a. One b. Two c. Three d. Four ANS: B   2. Idle time variance is always ………. a. Favourable b. Controllable c. Profitable d. Unfavourable ANS: A   3. Wages control A/c is debited by………. a. Direct wages only b. Indirect wages only c. Direct & Indirect wages d. Not Direct Nor Indirect wages ANS: A     4.Normal loss is ……….to process A/c. a. Credited b. Debited c. Nominal d. Ignored ANS: C   5.What cost should be represents is an ……….cost. a. Standard b. Change In Quantity c. Change In Wastage d. Actual ANS: A   6. Contribution margin is known as………. a. Marginal Income b. Gross Margin c. Net Income d. Net Profit ANS: D   7 Activity Based Costing is a………. a. Method of costing b. Method of allocation c. Technique of costing d. Absorption ANS: A   8. The transactions which influence the cost are………. a. Input b. Output c. Profit Centre d. Cost Drivers ANS: B   9. The difference between the Actual Quantity and the Standard Quantity , multiplied by Standard Price is the ——- a. Materials efficiency variance b. Materials Volume variance c. Materials price variance d. Materials usage variance ANS: D   10. Process cost is very much applicable in—– a. Construction Industry b. Pharmaceutical Industry c. Airline Industry d. Railway Industry ANS: B   11. An estimate of what cost should be is known as —— a. Actual cost b. Ideal cost c. Standard cost d. Forecast cost ANS: B   12. Sale of plant from site is ————- a. Credited to Contract Account b. Debited to Contract Account c. Debited to Insurance Claim Account d. Credited to Insurance Claim Account ANS: B   13. After adjustment of scrap value, balance on Abnormal Loss Account is transferred to—— a. Balance Sheet b. Costing Profit and Loss Account c. Process Account d. Contract Account ANS: B   14. In process costing , each producing department is a—– a. Cost unit b. Cost Centre c. Investment Centre d. Sales Centre ANS: D   15. A standard which is established for use unaltered for an indefinite period is called—- a. Current standard b. Ideal standard c. Basic standard d. Expected standard ANS: C   16. Cost of output is calculated at each process — a. Everyday b. Periodically c. Weekly d. Monthly ANS: A   17. The application of factory overheads usually would be recorded as an increase in—— a. Cost of goods sold b. Work – in – progress control c. Factory overheads control d. Finished goods control ANS: B   18. —– is the person for whom the contract job is undertaken a. Contractor b. Contractee c. Sub-contractor d. Job-worker ANS: B   19. Issue of material is credited to —— a. Stores ledger control account b. WIP Control Account c. Overheads Control Account d. Labour Control Account ANS: D   20. Fixed cost is equal to —– a. Break even sales x Margin of Safety b. Sales x Margin of Safety c. Sales x Profit Volume Ratio d. Profit Volume Ratio x Break even sales ANS: D   21. Providing the power required to run production equipment is an example of a —— a. Unit level activity b. Batch level activity c. Product level activity d. Organization sustaining activity ANS: A   22. The cost variance is controllable when it rises due to——- a. Controllable circumstances b. Non – controllable circumstances c. Managerial efficiency d. Workers efficiency ANS: C   23. The term Standard Hours allowed measures ——- a. Budgeted Output at Actual Hours b. Budgeted Output at Standard Hours c. Actual Output at Standard Hours d. Actual Output at Actual Hours ANS: C   24. Margin of Safety is referred to as—– a. Excess of sales over break – even sales b. Excess of sales over fixed cost c. Excess of sales over variable cost d. Excess of sales over budgeted sales ANS: A   25. Work certified is valued at———- a. Cost price b. Cost or Market price whichever is less c. Market price d. Estimated price ANS: A 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

ADVANCED COST ACCOUNTING M.COM PART 1 MCQ | M.com Part 1 MCQ

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Youtuber : Suraj Patel Education ADVANCED COST ACCOUNTING M.COM [PART 1] Hello Friends…  Aaj ke article me aap logo ko M.com Part 1 ADVANCED  COST ACCOUNTING related MCQ provide karne wala hu yeah MCQs kafi jyada important hai M.COM ke Student ke liye. Friends is article me 25 MCQ honge agar aapko aur bhi artical chahie ho is topic ke related to please comment Karke hame jarur batae Friends ye artical Or Iske alava other subject Ke bhi article aapko mere website per mil jaenge jiska link me aapko niche de raha hu. Strategic Management https://www.mumbaiuniversityidol.com/2021/05/strategic-management-mcom-part-1-mcq-pdf.html https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-strategic-management-mcq-pdf.html https://www.mumbaiuniversityidol.com/2021/05/marketing-strategies-and-plans-mcom.html Advanced Cost Accounting https://www.mumbaiuniversityidol.com/2021/05/advance-cost-accounting-mcom-paer-1-mcq.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.surajpateleducation.com/2020/11/advanced-financial-accounting-mcom-part.html HUMAN RESOURCE MANAGEMENT https://www.surajpateleducation.com/2020/11/human-resource-management-mcom-part-1.html 1) Equivаlent  units  аre   а)   Nоtiоnаl  quаntity  оf  соmрleted b) Units  equаl  tо  оutрut с) Units  equаl  tо  inрut d) Nоne  оf  the  аbоve АNS:  А 2) The  bаlаnсe  оf  fасtоry  оverheаd  соntrоl  ассоunt  reрresents  ______ а) Under  аbsоrрtiоn  оf  оverheаd b) Оver  аbsоrрtiоn  оf  оverheаd с) Either  оf  the  аbоve d) Nоne  оf  the  аbоve. АNS:  А   3) А  соst  thаt  саnnоt  be  сhаnge  by  аny  deсisiоn  mаde  knоwn  аs  ______ а) Sunk  соst   b) Орроrtunity  соst с) Indireсt  соst   d) Mixed  соst АNS:  А 4) Fixed  соst  рer  unit  _______  with  inсreаse  in  рrоduсtiоn. а) Inсreаses b) Remаins  соnstаnt с) Deсreаses d) Nоne  оf  the  аbоve АNS:  С 5) Орerаting  соsting  is  аррliсаble  tо  ______. а) Trаnsроrt  соmраnies b) Eleсtriсity  соmраnies с) Сinemаs d) Аll  оf  the  аbоve АNS:  D 6) Fixed  оverheаd  effiсienсy  vаriаnсe  is  а  differenсe  between  _______ а) Stаndаrd  соst  аnd  асtuаl  соst b) Stаndаrd  hоurs  аnd  асtuаl  hоurs с) Reсоvered  оverheаds  аnd  stаndаrd  оverheаd d) Nоne  оf  the  аbоve АNS:  С 7) Соst  аudit  is  соmрulsоry  fоr  соmраnies  _______ а) Whiсh  оrdered  by  the  stаte  gоvernment b) Whiсh  оrdered  by  the  сentrаl  gоvernment с) Whiсh  оrdered  by  IСАI. d) Nоne  оf  the  аbоve АNS:  B 8) Рrоduсt  соst  budget  shоws  _______ а) Budgeted  соst  оf  рrоduсtiоn   b) Budgeted  соst  оf  sаles с) Budgeted  рurсhаses d) Budgeted  сарасity АNS:  А 9) The  unit  оf  соst  fоr  сinemа  theаtres  is  ________ а) Рer  mаn  shоw b) Рer  mаn  dаy с) Рer  visitоr d) Аll  оf  the  аbоve АNS:  D 10) А  Budget  is  exрressed  in  _______ а) Finаnсiаl  terms  оnly b) Quаntitаtive  terms  оnly с) Bоth  finаnсiаl  аnd  quаntitаtive  terms  оnly d) finаnсiаl  аnd/оr  quаntitаtive  terms АNS:  А 11) Under  FIFО  methоd  in  рrосess  соsting  the  орening  stосks  аre  _____ а) keрt  seраrаted  frоm  соsts  оf  the  сurrent  рeriоd b) аdded  tо  the  соsts  оf  the  сurrent  рeriоd с) subtrасted  frоm  the  соst  оf  the  сurrent  рeriоd d) divided  with  the  соst  оf  the  сurrent  рeriоd АNS:  А 12) Соst  аnd  finаnсiаl  ассоunts  аre  required  tо  be  reсоnсiled  under  _______ а) соst  соntrоl  ассоunts  system b) integrаted  system с) bоth  оf  the  аbоve d) nоne  оf  the  аbоve   АNS:  А 13) Аn  inсreаse  in  the  sаles  рriсe  _____   а)   Dоes  nоt  effeсt  the  breаk  even  роint b) Lоwers  the  net  рrоfit с) Inсreаses  the  breаk  even  роint d) Lоwer  the  breаk  even  роint АNS:  D 14) Fixed  оverheаd  саlendаr  vаriаnсe  аrises  due  tо  ______ а) Сhаnge  in  the  Nо.  оf  wоrking  dаys b) Сhаnge  in  оutрut с) Сhаnge  In  the  lаbоur  hоurs d) Сhаnge  in  inрut АNS:  D 15) The  соst  аuditоr  must  be  fаmiliаr  with  рrоvisiоn  оf  ______ а) Lаbоur  lаw b) Negоtiаble  instrument  асt. с) Соmраnies  асt,1956 d) Sаles  оf  gооds  асt. АNS:  С 16) Соntributiоn  mаrgin  in  аlsо  knоwn  аs  ______ а) Grоss  mаrgin b) Net  рrоfit с) Mаrginаl  inсоme d) Eаrning  аfter  tаx АNS:  А 17) Рrосess  соst  саn  is  bаsed  оn  the  соnсeрt  оf______ а) Jоb  соst b) Inсrementаl  соst с) Аverаge  соst d) Sunk  соst АNS:  А 18) Methоd  оf  соsting  used  by  serviсe  рrоvider  is  knоwn  аs________ а) Jоb  соsting   b) Орerаting  соsting с) Орerаtiоn  соsting   d) Рrосess  соsting АNS:  B 19) When  mаteriаls  аre  trаnsferred  frоm  jоb  А  tо  jоb  B  ,аn  entry  must  be  раssed  in________   а) Finаnсiаl  bооks   b) Соst  bооks с) Bоth  set  оf  bооk d) Nоne  оf  аbоve АNS:  B 20) Аn  inсreаse  in  рhysiсаl  vоlume  оf  sаles  will___________ а) Сhаnge  in  breаk  even  роint b) Сhаnge  vоlume  rаtiо с) Сhаnges  in  mаrginаl  оf  sаfety d) Nоt  сhаnges  аnything АNS:  А 21) In  mаrginаl  соsting  ,аll  соsts  аre  сlаssified  intо____________ а) Vаriаble  аnd  semi-  vаriаble b) Fixed  аnd  semi-  fixed   с) Semi-vаriаble  аnd  semi-fixed   d) Vаriаble  аnd  fixed АNS:  D    22) Sаles  vаriаnсe  саn  be  саlсulаted  by___________ а) Рrоfit  methоd  аnd  selling  рriсe    methоd   b) Stаndаrd  соst  methоd  аnd  рrоfit  methоd   с) Mаteriаl  vаriаnсe  рlus  lаbоur  vаriаnсe  рlus  оverheаd  vаriаnсe   d) Аll  the  аbоve АNS:  D 23) The  соst  аudit  reроrt  must  be  signed  by___________ а) Bоаrd  оf  direсtоr b) The  соst  аuditоr   с) Сhаirmаn  оn  behаlf  оf  the  bоаrd  оf  direсtоr   d) The  соst  аuditоr  аnd  Bоаrd  оf  direсtоr АNS:  D 24) The  budget  соmmittee  nоrmаlly  deсide  ________ а) Fixing  budget  сenter b) Budget  рeriоd   с) Key  fасtоr   d) Аll  the  аbоve АNS:  D 25) А  соst  аuditоr  is  арроinted  аt____________ а) Аnnuаl  generаl  meeting b)   Bоаrd  оf  direсtоr  meeting с) Extrа  –  оrdinаry  generаl  meeting d) Stаtutоry  meeting АNS:  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

Auditing M.COM PART 2 MCQ PDF | M.COM PART 2 MCQ

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  M.COM PART 2 AUDITING 1. An audit is the _________ examination of financial information. a. independent. b. dependent c. accurate d. correct. ANS: A   2. The auditor is required to express his opinion on the financial statements at the end of the audit based on the _________ obtained during the course of the audit. a. audit planning. b audit objective. c. audit evidence. d. books of accounts. ANS: C   3. __________ are innocent mistakes. a. errors b. frauds. c. mistakes. d. observations. ANS: A   4.__________ is a type of fraud. a. error of principle b. error of omission. c. mis-appropriation of stocks. d. compensating errors. ANS: C   5._________ is a type of external evidence. a. minute books. b. sales invoices. c. inventory invoices. d. bank balance confirmation. ANS: D   6._____________ is a type of internal evidence. a. minute books b. debtors balance confirmation. c. insurance policy d. bank balance confirmation. ANS: A   7. When the effect of one error is compensated by another error _______ error is said to have occurred. a. compensating b. principle c. casting d. omission. ANS: A   8. An error of ________ occurs when a transaction is recorded twice in the books of original entry. a. compensating b. principle c. duplication d. omission. ANS: C   9. __________ is the Central Bank of India. a. RBI. b. SBI c. Imperial d. Federal ANS: A   10. A bank is an Institution which accepts deposits and give ________. a. loans. b. salaries c. revenue d. costs. ANS: A   11. An ________, also called an audit plan, is an action plan that documents and procedures, an auditor, will follow to validate that an Organization is in conformance with compliance regulations. a. Audit programme. b. Audit evidence c. Audit notebook d. Audit working papers. ANS: A   12. ICAI the full form is __________________. a. Institute of Chartered Accountants of India. b. Institute of Cost Accountants of India. c. Institute of Company Secretary of India. d. Institute of Compliance Accountants of India. ANS: A   13. Primary of objective of Audit __________________. a. True and Fair View of Accounts. b. Detection of Erors c. Prevention of Errors d. Prepare and Audit Plan ANS: A   14.Secondary of objective of Audit __________________. a. Detection & Prevention of Errors. b. True and Fair view of Accounts c. Balance Confirmation d. Prepare and Audit Plan ANS: A   15.Sales invoice is ____________- type of Audit Evidence a. Internal b. External c. Permanent d. Temporary ANS: A   16. An information is ___________ if its misstatement could influence the economic decision of users. a. important b. material c. document d. evidence. ANS: B   17. The _________ need to know that the funds they have provided to the business would be repaid on the due dates with agreed rate of interest. a. Purchaser b. Lenders. c. Customers. d. Clients. ANS: B   18. ________________ is analytical and systematic examination of books of accounts of business. a. accounting b. audit c. investigation d. evidence. ANS: B   19. The term ________ refers to an unintentional mistake occurred in the financial statements. a. mistake b. error c. fraud d. mis-statement. ANS: B   20. An _______ is a book in which a large variety of matters observed during the course of audit are recorded by the audit team. a. audit paper b. audit check list c. audit note book. d. audit observation. ANS: C   21. Audit is ________ to the books of accounts. a. limited. b. not limited c. investigation d. verification. ANS: B   22. Regular audit of banks process is known as ___________. a. statutory audit. b. internal. c. concurrent d. stock. ANS: C   23. ____________________ report indicates that the auditor is not satisfied in respect of all material facts. a. Un qualified b. Qualified. c. Restricted d. Favorable. ANS: B   24. Audit is a critical review of the system of accounting and _________ controls. a. external b. internal c. neutral d. inventory. ANS: B   25. __________ is specific and non recurring assignment. a. Audit b. Statutory audit. c. Investigation. d. External audit. ANS: C If You Need Most Importance MCQ PDF  Entrepreneurship 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

M.com Part 2 Entrepreneurship Development Program MCQ PDF

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1. An individual who starts, creates and manages a new business can be called__________. A. A leader B. A manager C. A professional D. An entrepreneur ANSWER: D 2. Trademarks relate to _______. A. Practice and knowledge acquired through experience B. The protection of proprietary information of commercial value C. The right to reproduce ones own original work D. Brand identity ANSWER: D 3. Which could provide an individual with the motivation to start a new business venture? A. The financial rewards. B. A desire to be independent. C. Risk taking D. All the above. ANSWER: D 4. Which of the following factors should not be included in PESTLE analysis? A. Government re-cycling policy. B. Proposed reduction in interest rates. C. Competitor activity. D. Demographic changes. ANSWER: C 5. Which industrial sector promotes small-scale businesses and Entrepreneurship, and has lower barriers to market entry? A. Service. B. Manufacturing. C. Distribution. D. Agriculture. ANSWER: A 6. Why are small businesses important to a country’s economy? A. They give an outlet for entrepreneurs. B. They can provide specialist support to larger companies. C. They can be innovators of new products. D. All the above. ANSWER: D 7. A business arrangement where one party allows another party to use a business name and sell its products or services is known as__________. A. A cooperative. B. A franchise. C. An owner-manager business. D. A limited company. ANSWER: B 8. Which of the following is the reason for business failure __________. A. Lack of market research. B. Poor financial control. C. Poor management. D. All the above. ANSWER: D 9. The use of informal networks by entrepreneurs to gather information is known as _______. A. Secondary research. B. Entrepreneurial networking. C. Informal parameters. D. Marketing ANSWER: B 10. Good sources of information for an entrepreneur about competitors can be obtained from_________. A. Websites. B. Product information leaflets. C. Company reports and published accounts. D. All the above. ANSWER: D 11. A new venture’s business plan is important because ______. A. It helps to persuade others to commit funding to the venture. B. Can help demonstrate the viability of the venture. C. Provides a guide for business activities by defining objectives. D. All the above. ANSWER: D 12. Primary data is________.  A. the most important data.B. the data that is collected first. C. new data specifically collected for a project. D. data that is collected second. ANSWER: C 13. Innovation can best be defined as_______. A. the generation of new ideas. B. the evolution of new ideas. C. the opposite of creativity. D. the successful exploitation of new ideas. ANSWER: D 14. Which of these statements best describes the context for entrepreneurship? A. Entrepreneurship takes place in small businesses. B. Entrepreneurship takes place in large businesses. C. Entrepreneurship takes place in a wide variety of contexts. D. Entrepreneurship does not take place in social enterprises. ANSWER: C 15. Entrepreneurs are motivated by _________. A. money. B. personal values. C. pull influences. D. All the above. ANSWER: D 16. Which of the following are described as one of the Big Five personality traits? A. tolerance of others. B. need for achievement. C. propensity to leadership. D. locus of control. ANSWER: B 17. Which of the following is least likely to influence the timing of new business births? A. Government policies. B. Profitability. C. Consumer expenditure. D. Weather conditions. ANSWER: D 18. Which of the following statements is false? A. Market segmentation is a useful process for small businesses to undertake. B. Selling is essentially a matching process. C. A benefit is the value of a product feature to a customer. D. It is a good idea for small businesses to compete solely on price. ANSWER: D 19. The purpose of all good small business strategy is__________. A. to increase turnover. B. to increase profitability. C. to achieve competitive advantage. D. to achieve stated objectives. ANSWER: D 20. Which of the following is a recognized disadvantage of setting up as a start-up as compared  with other routes to market entry? A. less satisfaction of the owners. B. less help from various agencies. C. there are more funds required. D. there is a high failure rate. ANSWER: D 21. Someone legally appointed to resolve the financial difficulties of an insolvent firm is called____________. A. an administrator. B. a predator. C. an auditor. D. a turnaround consultant. ANSWER: A 22. Goods or services reach the market place through ________. A. marketing channels. B. multilevel pyramids. C. monopolies. D. multiplication. ANSWER: A 23. To provide financial assistance to entrepreneurs the government has set up a number of___________. A. financial advisors. B. financial intermediaries. C. Industrial estates. D. financial institutions. ANSWER: D 24. State Industrial corporations engage in the development of__________. A. industrial estates. B. institutional estates. C. individual investors. D. agricultural entrepreneurs. ANSWER: A 25. ________ is the first development bank of the country. A. ICICI. B. IDBI. C. SFC. D. IFCI. ANSWER: D If You Need Most Importance MCQ PDF  Entrepreneurship 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

M.com part 1 economics mcq pdf | Economics of global trade and finance m.com part 1 pdf

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Hello Friends…  Aaj ke article me aap logo ko M.com Part 1 economics related MCQ provide karne wala hu yeah MCQs kafi jyada important hai M.COM ke Student ke liye. Friends is article me 25 MCQ honge agar aapko aur bhi artical chahie ho is topic ke related to please comment Karke hame jarur batae Friends ye artical Or Iske alava other subject Ke bhi article aapko mere website per mil jaenge jiska link me aapko niche de raha hu. Strategic Management https://www.mumbaiuniversityidol.com/2021/05/strategic-management-mcom-part-1-mcq-pdf.html https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-strategic-management-mcq-pdf.html Advanced Cost Accounting https://www.mumbaiuniversityidol.com/2021/05/advance-cost-accounting-mcom-paer-1-mcq.html ECONOMICS OF GLOBAL TRADE AND FINANCE https://www.surajpateleducation.com/2020/11/mcom-part-1-economics-of-global-trade.html ADVANCED FINANCIAL ACCOUNTING https://www.surajpateleducation.com/2020/11/advanced-financial-accounting-mcom-part.html HUMAN RESOURCE MANAGEMENT https://www.surajpateleducation.com/2020/11/human-resource-management-mcom-part-1.html 1.    first come, first served, auction export right and give away export rights are the method used to administer—-a.    voluntary import restraintsb.    voluntary export restraintsc.    involuntary import restraintsd.    involuntary export restraintsANS: B 2.    which of the following is not the mode of international delivery of services under GATS?a.    Cross border supplyb.    consumption abroadc.    commercial absenced.    movement of personnelANS: C  3.    the Uruguay (UR) agreement envisages substantial tariff—- in both industrial and developing countries.a.    increaseb.    reductionc.    cancelationd.    expansionANS: D 4.    the statutory for administration of foreign exchange in india is—a.    foreign exchange regulation act 1973b.    the foreign  exchange management act 1999c.    foreign exchange regulation act 1947d.    exchange control manualANS:B 5.    the —– fiscal policy combined with easy credit policy will pace ample resources at the disposal of the government to finance public expenditure projects and it will induce the private investment which will add more quickly the output without borrowinga.    neutralb.    tightc.    easyd.    none of theseANS: D 6.    under which system of valuation, SDRs were valued in terms of 16 currencies, which were assigned specific weights?a.    standard basket valuationb.    standard charted valuationc.    various currencies valuationd.    none of the aboveANS: A 7.    exchange rates—a.    are always fixedb.    fluctuate to equate of quantity of foreign exchange with the quantity suppliedc.    fluctuate to equate imports and exportd.    fluctuate to equate rate of interest in various countriesANS: C 8.    —- are golden mean between the maximum and minimum rates of tariffa.    revenue tariffb.    protective tariffc.    single columns tariffd.    optimum tariffANS: 4  9.    south Asian association for regional corporation (SAARC) WAS establisheda.    December 1983b.    December 1984c.    December 1985d.    December 1986ANS: C 10. exchange rate—a.    are always fixedb.    fluctuate to equal the quality of foreign change demanded with the quality suppliedc.    fluctuate to equal import and exportd.    fluctuate to equal rate of interest in various countriesANS: D 11. Trips is the most imp and comprehensive international agreement on —a.    intellectual profit rightb.    intellectual property rightsc.    intellectual prosperity rightd.    intellectual performance rightANS: B 12. import quota is nothing but import quota —- systema.    regulatoryb.    profitc.    competitiond.    cooperationANS: A 13. the Uruguay agreement envisages substance tariff — in both industry and development countriesa.    increaseb.    reductionc.    cancellationd.    expansionANS: D 14. Mundell-Fleming model bring about internal and external balance through the equality betweena.    IS and LM curvesb.    IS AND BP CURVESc.    LM AND BP CURVESd.    IS , LM , AND BP,  CURVESANS: D 15. the transaction in which the exchange of currency take place at a specific future date subsequent to spot date is calleda.    swap transactionb.    forward transactionc.    future transactiond.    spot transactionANS: B 16. protection policy includes —a.    only import substitutionb.    only export substitutionc.    import promotion and export substitutiond.    import substitution and export promotionANS: C 17. what one of the following is not the advantage of MN corporation to the host countrya.    increase in social activitiesb.    increase in economics activitiesc.    utilisation of natural resourcesd.    RND effort enhancedANS: D 18. the main objective of international monetary fund was toa.    promote international tradeb.    help economically backwards countriesc.    maintain stable exchange rated.    promote international liquidityANS: C 19. the foreign trade multiplier is a function ofa.    MPS- MPMb.    MPS + MPMc.    MPS/ MPMd.    MPS* MPMANS: B 20. in case of surplus balance of payment there is ana.    outflow of capital from home country to foreign countryb.    inflow from foreign country to home countryc.    favourable for foreign country to invest in home countryd.    unfavorable for home country to invest in foreign countryANS: C 21. in international capital movement marginal efficiency of capital is —- related with inflow of capitala.    inverselyb.    directlyc.    neutrald.    negativeANS: B 22. —— is the formation of group of friendly nation for mutual benefita.    economic Integrationb.    social Ic.    regional Id.    personal IANS: B 23. economic integration results in the —- of marketa.    contractionb.    expansionc.    destructiond.    degradationANS: B 24. ——-results in a reduction in world production and consumption efficiencya.    direct taxb.    indirect taxc.    profit rated.    export subsidyANS: D 25. ——-is the first phase of dispute settlement boby of wtoa.    executionb.    consultationc.    report presentationd.    punitive actionANS: B 26. which of the following is not a form of intellectual property?a.    copy rightb.    trademarkc.    geographical indicationd.    personal secretANS: A 27. in — form the member nation not only remove the trade restrictions for members but also adopt uniform commercial policya.    European Unionb.    customer unionc.    free trade aread.    common market ANS: A If You Need Most Importance MCQ PDF Strategic Management 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