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Financial Account MCQ PDF For Online Exam | Mumbai University Exam MCQ

surajp47263 / May 28, 2021

Q.1.Obey certain ethical rules no matter what the results are A. Ethical relativism B. Ethical absolutism C. Deontological ethics D. Teleological ethic ANS: A Q.2.Equity shares can be bought back A. Out of profits only B. Out of proceeds of fresh issue only C. Out of capital profit only D. Its free reserves; or the securities premium account; or the proceeds of shares ANS: D Q.3.Ethics Knowledge is the focus of the __ stage in Ethics Education A. 1st B. 2nd C. 3rd D. 4th ANS: A Q.4.whistle blowing is a A. Threat to compliance with a fundamental principle B. Fundamental principle C. Safeguard against threat to compliance with a fundamental principle D. Safeguard in the work environment ANS: C Q.5.Interest is always calculated on the A. Market Value of the security B. Nominal Value of the security C. Book value of the security D. Weighted Average Cost of the security ANS: A Q.6.Interest on bonds accrues A. On the last day of the financial year B. On due dates fixed in advance C. On the date fixed by board resolution D. As declared by the company in the beginning of every financial year ANS: A Q.7.Dividend on shares accrues A. On the last day of the financial year B. On due dates fixed in advance C. In the date it is declared D. On the first day of the financial year ANS: A Q. 8. The current investments are valued on closing date at A. Market value B. Cost of purchase C. Lower of cost and market value D. Higher of cost and fair value ANS: C Q.9.The cost of Right shares is A. Added to the cost of investments B. Subtracted from the cost of investments C. No treatment is required D. Fair Value ANS: A Q.10.A Company can buy-back A. Equity shares B. Preferences Shares C. Both of the above D. Bonus issue ANS: C Q.11.Which of the following is not a ‘free reserve’ for the purpose of buyback of shares? A. Profit & Loss Account B. General Reserve C. Dividend Equalization Reserve D. Revaluation Reserve ANS: C Q.12.Buy-back of equity shares in any financial year shall not exceed 25% of its A. Total paid-up equity capital in that financial year B. Total paid-up capital C. Total paid-up equity capital and free reserves of the company D. Total nominal capital and free reserves of the company ANS: A Q.13.A scheme of reconstruction involving ____ must be authorized by the Memorandum or Articles of Association, approved by the Board and a special resolution of the conferenced members. A. Reduction of Shared Capital B. Alteration of Share Capital C. Variation of Shareholders’ Right D. Compromise / Arrangement ANS: B Q.14.Surrender of fully paid shares amounts to A. Reduction of Share capital B. Alteration of Share Capital C. Variation of Shareholders’ Right D. Compromise / Arrangement ANS: D Q.15.Following is an example of an accounting policy A. Accrual B. Consistency C. Going concern D. Depreciation ANS: D Q.16.The following factor should be considered while selecting and applying accounting policies A. Going Concern B. Growth of business C. Substance over form D. Solvency ANS: C Q.17.Dividend on shares accrues A. On the last day of the financial year B. On due dates fixed in advance C. In the date it is declared D. On the first day of the financial year ANS: C Q.18.Any reduction to market value of current investment from cost, on valuation date is debited to A. Revaluation reserve B. Profit and loss account C. Capital reserve D. General reserve ANS: C Q.19.The cost of Right shares is A. Added to the cost of investments B. Subtracted from the cost of investments C. No treatment is required D. Fair Value ANS: A Q.20.Increase, consolidation or sub-division of share capital of the company involves A. Alteration of Shares Capital B. Variations of Shareholders’ Rights C. Reduction of Share Capital D. Compromise / Arrangement ANS: A Q.21.In Internal Reconstruction A. No Company is liquidated B. Only one company goes into liquidation C. Two or more companies are liquidated D. One or more companies go into liquidation ANS: A Q.22.The credit balance in capital reduction a/c is utilized for A. Paying off dissentient shareholders B. Writing off deferred expenses C. Issuing bonus shares D. Conversion in Stock ANS: C Q.23.Dividends are usually paid on A. Authorized capital B. Issued capital C. Paid up capital D. Reserve capital ANS: C Q.24.Which of the following is not classified as inventory in the financial statements? A. Finished goods B. Work-in progress C. Stores and spares D. Advance payment made to suppliers for raw materials ANS: D Q.25.The following Factor should be considered while selecting and applying accounting policies A. Consistency B. Prudence C. Dual Aspect D. Cost ANS: B If You Need Most Importance MCQ PDF Finacial 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/UCv8JIY58xfWHUIXVu9wxNHw

Accounts, Cost Accounting, M.COM PART 1, M.COM PART 2, Question Bank, T.Y.B.COM

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

surajp47263 / May 27, 2021

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 a A. Product cost B. Administrative expense C. Selling expense D. Variable cost ANS: 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 same B. 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 cost ANS: B Q.4. Process of ascertainment of costs is known as A. Costing B. Cost reporting C. Cost control D. None of the above ANS: A Q.5.. Cost information facilitates many important decisions except A. Introduction of a product B. Whether to make or buy C. Rate of dividend D. Exploration of an additional market ANS: A Q.6.An example of fixed cost is A. Materials consumed B. Depreciation C. Factory power D. Packing material ANS: B Q.7. Variable cost per unit A. Varies when output varies B. Remains constant C. Increases when output increases D. Decreasases when output decreases ANS: B Q.8. Which of the following is considered to be a normal loss of material? A. Loss due to accidents B. Pilferage C. Loss due to careless handling of material D. Loss due to breaking the bulk ANS: D Q.9.Bin card is maintained by the A. Accounts department B. Costing department C. Stores D. None of the above ANS: C Q.10 Which of the.following documents is used for issuing materials to production departments ? A. Purchase Requisition Note B. Stores requisition Note C. Goods Received Note D. Stores Credit Note ANS: A Q.11. Labour turnover is A. productivity of labour B. Efficiency of the labour C. change in labour force D. total cost of the labour ANS: 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 saved ANS: A Q.13. Merricks multiple piece rate system has (a) Two rates (b) Three rates (c) Four rates (d) Five rates ANS: B Q.14. bad debt is an exampleof (a) production overhead (b) administration overhead (c) selling overhead (d) Distributin overhead ANS: C Q.15. Packing cost is a (a) Production cost (b) Selling cost (c) Distribution cost (d) It may be any of the above ANS: C Q.16. A typical factory overhead cost is (a) Distribution (b) Internal audit (c) Compensation of plant manger (d) design ANS: C Q.17. Cost of production – administrstion overheads= (a) Prime cost (b) Cost of sales (c) Work cost (d) Work-in-progress ANS: 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 paid ANS: D Q.19 Total cost – selling and distrubtion overheads = (a) Cost of goods sold (b) Closing stock (c) Cost of prodution (d) Net profit ANS: 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 costs ANS: 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 above ANS: C Q.22. Overheads expenses can be classified according to (a) Function (b) Elements (c) Behavior (d) All of the above ANS: 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 rate ANS: 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 considered ANS: B Q.25. Perpetual inventory system involves a. Bin card and Stores ledger b. Bill of material and Material req c. Purchase requisition and purchase order d. Inward and Outward invoices 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 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

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

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

surajp47263 / May 26, 2021

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

Accounts, Cost Accounting, M.COM PART 1, Question Bank

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

surajp47263 / May 23, 2021

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, Question Bank

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

surajp47263 / May 20, 2021

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

Entrepreneurship, M.COM PART 2, Question Bank

M.com Part 2 Entrepreneurship Development Program MCQ PDF

surajp47263 / May 13, 2021

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 You’ll be interested: Impotence Medication: A Complete Guide to Treatment Options, Usage, and Expert Insights

Economics of global trade and finance, M.COM PART 1, Question Bank

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

surajp47263 / May 11, 2021

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 restraints b. voluntary export restraints c. involuntary import restraints d. involuntary export restraints ANS: B 2. which of the following is not the mode of international delivery of services under GATS? a. Cross border supply b. consumption abroad c. commercial absence d. movement of personnel ANS: C 3. the Uruguay (UR) agreement envisages substantial tariff—- in both industrial and developing countries. a. increase b. reduction c. cancelation d. expansion ANS: D 4. the statutory for administration of foreign exchange in india is— a. foreign exchange regulation act 1973 b. the foreign exchange management act 1999 c. foreign exchange regulation act 1947 d. exchange control manual ANS: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 borrowing a. neutral b. tight c. easy d. none of these ANS: D 6. under which system of valuation, SDRs were valued in terms of 16 currencies, which were assigned specific weights? a. standard basket valuation b. standard charted valuation c. various currencies valuation d. none of the above ANS: A 7. exchange rates— a. are always fixed b. fluctuate to equate of quantity of foreign exchange with the quantity supplied c. fluctuate to equate imports and export d. fluctuate to equate rate of interest in various countries ANS: C 8. —- are golden mean between the maximum and minimum rates of tariff a. revenue tariff b. protective tariff c. single columns tariff d. optimum tariff ANS: 4 9. south Asian association for regional corporation (SAARC) WAS established a. December 1983 b. December 1984 c. December 1985 d. December 1986 ANS: C 10. exchange rate— a. are always fixed b. fluctuate to equal the quality of foreign change demanded with the quality supplied c. fluctuate to equal import and export d. fluctuate to equal rate of interest in various countries ANS: D 11. Trips is the most imp and comprehensive international agreement on — a. intellectual profit right b. intellectual property rights c. intellectual prosperity right d. intellectual performance right ANS: B 12. import quota is nothing but import quota —- system a. regulatory b. profit c. competition d. cooperation ANS: A 13. the Uruguay agreement envisages substance tariff — in both industry and development countries a. increase b. reduction c. cancellation d. expansion ANS: D 14. Mundell-Fleming model bring about internal and external balance through the equality between a. IS and LM curves b. IS AND BP CURVES c. LM AND BP CURVES d. IS , LM , AND BP, CURVES ANS: D 15. the transaction in which the exchange of currency take place at a specific future date subsequent to spot date is called a. swap transaction b. forward transaction c. future transaction d. spot transaction ANS: B 16. protection policy includes — a. only import substitution b. only export substitution c. import promotion and export substitution d. import substitution and export promotion ANS: C 17. what one of the following is not the advantage of MN corporation to the host country a. increase in social activities b. increase in economics activities c. utilisation of natural resources d. RND effort enhanced ANS: D 18. the main objective of international monetary fund was to a. promote international trade b. help economically backwards countries c. maintain stable exchange rate d. promote international liquidity ANS: C 19. the foreign trade multiplier is a function of a. MPS- MPM b. MPS + MPM c. MPS/ MPM d. MPS* MPM ANS: B 20. in case of surplus balance of payment there is an a. outflow of capital from home country to foreign country b. inflow from foreign country to home country c. favourable for foreign country to invest in home country d. unfavorable for home country to invest in foreign country ANS: C 21. in international capital movement marginal efficiency of capital is —- related with inflow of capital a. inversely b. directly c. neutral d. negative ANS: B 22. —— is the formation of group of friendly nation for mutual benefit a. economic Integration b. social I c. regional I d. personal I ANS: B 23. economic integration results in the —- of market a. contraction b. expansion c. destruction d. degradation ANS: B 24. ——-results in a reduction in world production and consumption efficiency a. direct tax b. indirect tax c. profit rate d. export subsidy ANS: D 25. ——-is the first phase of dispute settlement boby of wto a. execution b. consultation c. report presentation d. punitive action ANS: B 26. which of the following is not a form of intellectual property? a. copy right b. trademark c. geographical indication d. personal secret ANS: A 27. in — form the member nation not only remove the trade restrictions for members but also adopt uniform commercial policy a. European Union b. customer union c. free trade area d. common market ANS: A If You Need Most Importance MCQ PDF Strategic Management Question Bank Than Pay Rs 100 Only Contact 8652719712 /

M.COM PART 1, Question Bank, Strategic Management

Strategic Management m.com part 1 mcq pdf

surajp47263 / May 9, 2021

M.com part 1 strategic management mcq pdf Hello Friends… Aaj ke article me aap logo ko M.com Part 1 Strategic Management 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.surajpateleducation.com/2020/11/strategic-management-mcom-part-1.html Advanced Cost Accounting surajpateleducation.com/2020/11/advanced-cost-accounting-mcom-part-1.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. The process of forecasting an organization’s future demands for and supply of right type of people in right number is (A) Product planning (B) Process planning (C) Man power planning (D) All of the above ANS: C 2. It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm’s strategy (A) Strategic surveillance (B) Strategic planning (C) both ‘A’ and ‘B’ (D) None of the above ANS: A 3. Horizontal integration is concerned with (A) Production (B) Quality (C) Product planning (D) All of the above ANS: A 4. It refers to formal and informal rules, regulations and procedures that complement the company structure (A) Strategy (B) Systems (C) Environment (D) All of the above ANS: B 5. Micro environment is the ………. environment of a company. (A) Working (B) Human (C) External (D) Internal ANS: D 6. Techniques used in environmental appraisal are (A) single-variable extrapolation/multivariable interaction analysis (B) Structured/ unstructured expert/inexpert opinion (C) Dynamic modes and mapping (D) All of the above ANS: D 7. It enables the strategists to take corrective action at the right time (A) Implementation control (B) Special alert control (C) Strategic Surveillance control (D) Premise control ANS: D 8. Like roots of a tree, ________of organization is hidden from direct view. (A) Performance (B) Strategy (C) Core competence (D) All of the above ANS: C 9. Changes in company ………. also necessitates changes in the systems in various degrees (A) structure (B) system (C) strategy (D) turnover ANS: B 10. The actual performance deviates positively over the budgeted performance. This is an indication of ……….. performance. (A) superior (B) inferior (C) constant (D) any of the above ANS: A 11. Criteria for making an evaluation is (are) (A) Consistency with goals (B) Consistency with environment (C) Money (D) All of the above ANS: D 12. The ………. of any organization is “the aggregate of all conditions, events and influences that surround and affect it.” (A) system (B) environment (C) structure (D) strategy ANS: B 13. Strategic management is mainly the responsibility of (A) Lower management (B) Middle management (C) Top management (D) All of the above ANS: C 14. The major issue(s) of appraisal system is (are) (A) Factors of appraisal (B) Relevance of appraisal (C) Procedure of appraisal (D) All of the above ANS: D 15. They have time based utility (A) Goals (B) Resources (C) both ‘A’ and ‘B’ (D) None of the above ANS: C 16. Formal systems are adopted to bring ________ & amalgamation of decentralized units into product groups. (A) Manpower (B) Co-ordination (C) Production (D) All of the above ANS: B 17. Change in company’s ………. gives rise to problems necessitating a new ……… to be made (A) structure, strategy (B) strategy, structure (C) structure, structure (D) strategy, strategy ANS: B 18. Systems are formal and informal rules and regulations that complement the company ……….. (A) strategy (B) structure (C) system (D) environment ANS: B 19. The reasons for acquisition are (A) Increased market power (B) Increased diversification (C) Increased speed to market (D) All of the above ANS: D 20. Market research is conducted by (A) By employees (B) By research agencies (C) By consultants (D) all of the above ANS: D 21. Harvest strategy is used for (A) Dogs (B) Question marks (C) both ‘A’ and ‘B’ (D) none of the above ANS: C 22. These are critical situations that occur unexpectedly and threaten the course of a firm’s strategy (A) Crisis (B) Emergency (C) Shutdown (D) All of the above ANS: A 23. Attack strategies are (A) frontal attack (B) flank attack (C) encirclement attack (D) all of the above ANS: D 24. To find out what an organization’s strategy is, you should: a) Read the mission statement b) Look at what the organization actually does c) Read the strategic plan d) Ask the CEO ANS: B 25. Which of the following statements is not true when describing a successful strategy? a) It provides some property that is unique or distinctive b) It provides the means for renewing competitive advantage c) It addresses changes in the external environment d) It

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

ADVERTISING MCQ PDF | S.Y.B.Com ADVERTISING MCQ PDF

surajp47263 / May 7, 2021

S.Y.B.COM SUBJECT – ADVERTISING 25. ——— method is a fixed guideline method of setting ad budget. a) Task b) All you can afford c) Arbitrary d) Competitor’s parity ANS: D 26. ——– refers to the process of selecting media mix for advertising the product. a) Media scheduling b) Media selling c) Media planning d) Media buying ANS: C 27. ——– refers to no. of times the target audience is exposed to a message during a selected period of time. a) Frequency b) Reach c) Continuity d) Gross Rating points ANS: A 28. ——– refers to the process of choosing the media for ad purpose. a) Media selling b) Media planning c) Media scheduling d) Media selection ANS: D 29. Under ——- media scheduling strategy, heavy advertising is undertaken followed by limited advertising and again heavy advertising. a) Bursting b) Flighting c) Pulsing d) Steady ANS: C 30. ——— is a media objective. a) Reach b) Frequency c) GRPs d) media objectivity ANS: A 31. Ad campaign has ———- theme. a) Multiple b) Single c) No d) double ANS: B 32. ——— method of advertising budget considers the objectives for allocating funds. a) Fixed guidelines b) Task c) Arbitrary d) Competitor’s parity ANS: B 33. ——– are calculated by multiplying frequency by reach. a) TRPs b) GRPs c) Scores d) Objectivity ANS: B 34. ———– is series of ads that share a common idea and theme. a) Ad campaign b) Ad copy c) Ad media d) Ad planning ANS: A 35. In ———, Russel Colley developed the DAGMAR model. a) 1965 b) 1967 c) 1961 d) 1978 ANS: C 36. Proper media planning enables the selection of ———–. a) Right media b) Wrong media c) Right Product d) Right middlemen ANS: A 37. ———- are the goals that the chosen media need to accomplished. a) Media frequency b) Media objectives c) Media reach d) Media circulation ANS: B 38. Under ——— media scheduling strategy advertising is done regularly. a) Steady b) Flighting c) Pulsing d) Step-down ANS: A 39. Under ——- media scheduling strategy heavy ads when season approaches and reduction of advertising when the season starts declining. a) Flighting b) Step-down c) Bursting d) Teaser step-up ANS: B 40. USP stand for —————. a) Unique Selling Program b) Unique selling Proposition c) Utility Selling Proposition d) Unique Selling Package ANS: B 41. ——— is the act of placing two different ideas together. a) Brain storming b) Juxtaposition c) Observation d) Meditation ANS: B 42. ——- appeal is one that appeals to the sense of right and wrong. a) Rational b) Moral c) Emotional d) Social ANS: B 43. Consumer durables of high value are often bought on the basis of —— appeals. a) Emotional b) Rational c) Moral d) Fear ANS: B 44. The concept of USP was developed by ———-. a) Rosser Reeves b) David Ogilvy c) William Stanton d) Philip Kotler ANS: A 45. ———- attempts to induce action on the part of the prospect. a) Appeal b) Response c) Visualization d) Proposition ANS: A 46. ——— refers to creative imagination of ideas. a) Analysis b) USP c) Visualization d) TRP ANS: C 47. Creativity in advertising ————-. a) Attract attention b) Increase recall c) Makes ad memorable d) All the above ANS: D 48. ——— is the outline of instructions for work to be done by creative team of the ad agency. a) Creative brief b) Creative process c) Visualization d) Product layout ANS: A 49. ——— is a technique of visualization. a) SMP b) USP c) Observation d) Media planning ANS: C 50. ——— refers to the intension behind purchases. a) Selling points b) Buying motives c) Appeals d) USP 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 S.Y.B.COM Other Subject MCQ Foundation Course S.Y.Bcom MCQ https://www.surajpateleducation.com/2020/12/foundation-course-sybcom-mcq.html Business Economics S.Y.B.Com Students MCQ https://www.surajpateleducation.com/2020/10/business-economics-sybcom-students-mcq.html Company Law MCQ PDF https://www.surajpateleducation.com/2020/12/company-law-mcq-pdf.html COMMERCE S.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/commerce-sybcom-mcq-pdf.html Management Accounts S.Y.B.COM IMPORTANCES MCQ PDF https://www.surajpateleducation.com/2020/12/Management-Accounts%20-S.Y.B.COM-IMPORTANCES-MCQ-PDF.html

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

S.Y.B.com Business Law MCQ Mumbai University | Mumbai University IDOL S.Y.B.Com Business Law MCQ PDF

surajp47263 / May 4, 2021

S.Y.B.com Business Law 1. The minimum number of members to form a Private Limited Company is a. 1 b. 2 c. 7 d. 5 ANS: B 2. The minimum number of members to form a Public Limited Company is a. 1 b. 2 c. 7 d. 5 ANS: C 3. The maximum number of members to form a Private Limited Company is… a. 50 b. 100 c. 150 d. 200 ANS: D 4. The maximum number of members to form a Public Limited Company is… a. 50 b. 100 c. 200 d. No Limit ANS: D 5. The Life Insurance Corporation (LIC) is following type of Company.. a. Chartered Company b. Statutory Company c. Government Company d. Foreign Company ANS: B 6. The Oil and Natural Gas Corporation Ltd (ONGC) is following type of Company.. a. Chartered Company b. Statutory Company c. Government Company d. Foreign Company Chetana’s ANS: C 7. Which of the following is not the feature of Private Limited Company? a. Minimum 2 Directors b. Restriction for invitation to public c. Issue of Prospectus d. Less compliances ANS: C 8. Which of the following is not the feature of Public Limited Company? a. Minimum 3 Directors b. Restriction for invitation to public c. Issue of Prospectus d. More compliances ANS: B 9. Which doctrine protects “Company against Outsiders”? a. Doctrine of Ultra Vires b. Doctrine of Constructive Notice c. Doctrine of Indoor Management d. Doctrine of Lifting of Corporate Veil ANS: B 10. Authorized capital is also known as…. a. Issued Capital b. Nominal capital c. Subscribed capital d. Called up capital ANS: B 11. Offer of securities or invitation to subscribe securities under private placement shall be made to ——————–maximum number of person in the aggregate in a financial year. a. 50 b. 100 c. 150 d. 200 ANS: D 12. Shelf prospectus remains valid upto a. 6 months b. 1 year c. 2 years d. 5 years Chetana’s ANS: B 13. A company can change terms of contracts mentioned in prospectus by way of: a. Ordinary resolution though postal ballot b. Ordinary resolution in meeting c. Special resolution in meeting d. Special resolution through postal ballot ANS: D 14. Which one of the following is not the content of the Memorandum of Association? a. Name clause b. Registered office clause c. Objects clause d. Board of Directors clause ANS: D 15. Only a natural person who is an Indian citizen and who has stayed in India for a period of at least _____ days during the immediately preceding one calendar year shall be eligible to incorporate a OPC. a. 180 days b. 181 days c. 182 days d. 183 days ANS: C 16. Ultra vires loans granted by the company are a. Void b. Voidable c. Valid d. Illegal ANS: A 17. A subsidiary of a government company is also treated as a a. Government Company b. Public Company c. Private Company d. All of the above ANS: A 18. Age limit of Directors in case of private company is ___________ a. 65 b. 70 Chetana’s c. 75 d. No limit ANS: D 19. Every company shall file with Registrar a copy of the annual return, within _______ days from the date on which annual general meeting is held. a. 50 b. 75 c. 60 d. 90 ANS: C 20. An independent director who has tendered resignation from the Board shall be replaced by a new independent director within ———— from the date of such resignation. a. one month b. two months c. three months d. four months ANS: B 21. A shareholder holding shares of nominal value of not more than ———— is a small shareholder. a. 5 ,000 b. 10,000 c. 15,000 d. 20,000 ANS: D 22. A person appointed as a director is required to give his written consent ———————– to the company. a. on or before his appointment as director b. within 10 days of his appointment as director c. within 20 days of his appointment as director d. None of the above ANS: A 23. An independent director shall hold office for a term up to ————- on the Board of a company. a. three consecutive years b. four consecutive years c. five consecutive years d. None of the above Chetana’s ANS: C 24. Every company is required to furnish Director Identification Numbers of all its directors to the Registrar within ————- of the receipt of intimation regarding DIN from the directors. a. ten days b. fifteen days c. twenty days d. thirty days ANS: B 25. A person is permitted to hold office as director (including any alternate directorship) in maximum twenty companies of which maximum number of public companies in which he can be appointed as director shall not exceed ————. a. Five b. Eight c. Ten d. 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