Management accounting concentrates on . . . . . . . .
A. Opening books of account
B. Preparation of financial statements
C. Control of business activities
D. None of these
Select an option to see the answer and solution.
The process of capital formation depends on
A. National income
B. Expenditure
C. Foreign aid
D. Savings
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Which of the following is true for:- "In accounts recording is done of . . . . . . . ."
A. Only financial transaction
B. Only non-financial transaction
C. Both A and B
D. Personal transaction of Proprietor
Select an option to see the answer and solution.
14 Days intermediate T-bills were brought into effect from 1996-97 after the abolition of which of the following?
A. 91 Days T-bills
B. 182 Days T-bills
C. 273 Days T-bills
D. 364 Days T-bills
Select an option to see the answer and solution.
Which does not come under the head of asset?
A. Fixed asset
B. Investment
C. Current asset
D. Owner's equity
Select an option to see the answer and solution.
Using of partition for making individual chamber is an example of:
A. Office Location
B. Office Layout
C. Office Operation
D. Office Protocol
E. Office Balancing
Select an option to see the answer and solution.
Which one of the following is an internal hedging technique?
A. Leading
B. Netting
C. Both A and B above
D. Swap
Select an option to see the answer and solution.
With reference to Intellectual Property Right, which of the following statements is correct?
(1) It is a legal right that protects creations and inventions.
(2) It includes patents, copyrights and trade marks.
Select the correct answer from the options given below:
A. (1) Only
B. (2) Only
C. Both (1) and (2)
D. Neither (1) nor (2)
Select an option to see the answer and solution.
Consider the following statements about office automation:
(1) The growth of EDP (electronic data processing) and emergence of MIS (Management Information System) are two independent entities.
(2) DSS (Decision Support System) is accessible only to the computer specialists.
Which of the statements given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Select an option to see the answer and solution.
Systems analysis and programming is called:
A. Hardware
B. Software
C. Output
D. ALGOL
Select an option to see the answer and solution.
Debit what come in Credit what goes out rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
Select an option to see the answer and solution.
Consider the following case.
DTC runs a bus in a particular route and a passenger gets into the bus anticipating that it will drop him at the desired place in between the route in which it is being plied in exchange for certain fare or fees. Such a kind of contract between the passenger and the bus operator will be:
(Choose the most appropriate option in the given context.)
A. Express Contract
B. Implied Contract
C. Specific Offer
D. General Offer
E. Void Offer
Select an option to see the answer and solution.
If closing stock appears in the trial balance, it should be:
A. Credited to the trading account
B. Credited to the profit and loss account
C. Deducted from the purchases in the trading account
D. Shown on the liability side of the balance sheet
Select an option to see the answer and solution.
In which method of filing letters are kept standing?
A. Horizontal
B. Vertical
C. Pigeonhole
D. Box
Select an option to see the answer and solution.
In reference to theories of entrepreneurship, which of the following is not correctly matched?
A. Schumpeter ⇔ Theory of Innovation
B. McClelland ⇔ Theory of High Achievement
C. Hagen ⇔ Theory of Social Change
D. Young ⇔ Theory of Religious Belief System
Select an option to see the answer and solution.
Which of the following method of investment valuation does not take into account the present value of money?
A. Pay back period method
B. Net present value method
C. Internal rate of return policy
D. Profitability index
Select an option to see the answer and solution.
Which of the following is not an internal user of management information?
A. Creditor
B. Department manager
C. Controller
D. Treasurer
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer using the option given below the lists:
List-I (Type of Entrepreneurs)
List-II (Characteristics)
a. Innovating
1. Aggressive in experimentation
b. Imitating
2. Refusal to adopt or make changes in production
c. Fabian
3. Readiness to adopt successful innovation
d. Drone
4. Great caution or scepticism in practicing any change
A. a-1, b-2, c-3, d-4
B. a-1, b-3, c-4, d-2
C. a-4, b-3, c-2, d-1
D. a-1, b-4, c-2, d-3
Select an option to see the answer and solution.
Which one of the following functions is not performed by a Stock Exchange:
A. Facilitating conversion of debt into equity
B. Ensuring liquidity of investment
C. Helping corporate bodies to raise fresh capital from the market
D. Providing continuous market for securities
Select an option to see the answer and solution.
PIN code is concerned with:
A. Railway reservation
B. Banking services
C. Postal services
D. Internet
Select an option to see the answer and solution.