In a big office, the Franking Machine is a useful time-saver for:
A. Cash Department
B. Correspondence Department
C. Mailing Department
D. Accounting Department
Select an option to see the answer and solution.
In manufacturing a product, prime costs are:
A. Raw materials and manufacturing overhead
B. Indirect materials and manufacturing overhead
C. Indirect labour and manufacturing overhead
D. Direct materials and direct labour
Select an option to see the answer and solution.
Which of the following errors will be disclosed in the preparation of a trial balance?
A. Recording transactions in the wrong account
B. Duplication of a transaction in the accounting records
C. Posting only the debit portion of a particular journal entry
D. Recording the wrong amount for a transaction to both the account debited and the account credited
Select an option to see the answer and solution.
Current liability does not include:
A. Sundry creditors
B. Acceptances
C. Unclaimed dividend
D. Short-term investment
Select an option to see the answer and solution.
Which of the following falls under the secondary market?
A. Initial public offerings (IPO)
B. National Stock Exchange (NSE)
C. Issue of new securities with the help of underwriters
D. None of these
Select an option to see the answer and solution.
Return of goods by a customer should be debited to . . . . . . . .
A. Customers account
B. Sales return account
C. Goods account
D. Purchase account
Select an option to see the answer and solution.
When the shares of a public industry are sold in the market, it is called
A. Globalization
B. Privatization
C. Disinvestment
D. Liberalization
Select an option to see the answer and solution.
The aspects of capital budgeting problem are
A. Demand of capital
B. Supply of capital
C. Rationing of capital
D. All of the above
Select an option to see the answer and solution.
Which of the following is correct?
A. Profit does not alter capital
B. Capital can only come from profit
C. Profit reduces capital
D. Profit increases capital
Select an option to see the answer and solution.
In an electronic computer, the device used to transform the information from common language to machine language is
A. Key punch
B. Interpreter unit
C. Input device
D. Arithmetic unit
Select an option to see the answer and solution.
Associated cement company is an example-
A. Amalgamation
B. Merger
C. Cartel
D. Formulaic company/holding company
Select an option to see the answer and solution.
The function of Memory unit of a computer is:
A. to provide final product
B. to make calculations
C. to control other units
D. to store data
Select an option to see the answer and solution.
Which of the following is a combination of firm in successive stages of manufacture in the same industry?
A. Horizontal combination
B. Vertical combination
C. Divergent lateral combination
D. Convergent lateral combination
Select an option to see the answer and solution.
Consider the following case.
Mr. Ram makes a telephonic call to Mr. Shyam offering a deal on repair of his old refrigerator. The offer was heard and duly accepted by Mr. Shyam while on the phone assuming that no disturbances were caused from telephone
operator. There is no written document to Verify this offer, as it happened over telephone.
As per your assessment, will it form a part of contract? If No, why? If Yes, then which kind of contract is it?
A. No, because there is no written document to support the contract
B. No, because telephonic conversations cannot form a part of Contract
C. Yes, it can form an Express contract as the acceptance was heard clearly, though it is a phone
D. Yes, it can be a part of contingent contract
E. No, it cannot be a contract, because parties in the contracts are not in the same place
Select an option to see the answer and solution.
Match
List-I with
List-II and choose the correct answer from the options given below the lists:
List-I
List-II
a. McDonald
1. Franchising
b. VI
2. Merger
c. Master card
3. Alliance
d. Nestle
4. Licensing
Select the correct answer from the options given below :
A. a-1, b-2, c-3, d-4
B. a-4, b-3, c-2, d-1
C. a-1, b-3, c-2, d-4
D. a-1, b-4, c-3, d-2
Select an option to see the answer and solution.
Which of the following are considered gilt edged securities:
A. Industrial securities
B. Government and semi-Government securities
C. Shares and debentures
D. Company debentures
Select an option to see the answer and solution.
The type of lease requiring an agreement between the financier and lessor is known as
A. Financial lease
B. Sale and lease back
C. Leveraged lease
D. Operating lease
Select an option to see the answer and solution.
What comes in is to be debited, what goes out is to be credited?
A. Rules of Personal
B. Rules of Real
C. Rules of Nominal
D. All of these
Select an option to see the answer and solution.
When a cement company, a steel company and a chemical company combine, it is a case of:
A. horizontal combination
B. vertical combination
C. circular combination
D. none of the above
Select an option to see the answer and solution.
Forward Market Commission regulates:
A. Export
B. Import
C. Stock exchange
D. Commodity Marketing
Select an option to see the answer and solution.