| Post Name | LECTURER IN COMMERCE |
|---|---|
| Department | TECHNICAL EDUCATION - POLY TECHNIC COLLEGES |
| Question Paper Code | 233/2015 |
| Date of Test | 18 December 2015 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
These are the cost which will be incurred even if the plant is closed down temporarily due to
raw material shortage, labour problem ete. which one?
Answer
D. Shut down cost
2
Cost unit of Textiles Industry : |
}
Answer
C. Per meter
3
Bad debts is an example of ————-——— overheads. |
Answer
A. Selling overhead
4
Which one of the following is the technique of selective inventory control?
Answer
D. All of the above
§. Calculate total earnings of a worker under Rowan Plan. Hourly rate is Rs. 2, Standard time
| 16 hours and time taken 12 hours.
5
Calculate total earnings of a worker under Rowan Plan. Hourly rate is Rs. 2, Standard time
16 hours and time taken 12 hours.
Answer
B. 30
6
The process of apportionment of overheads of a cost centre to its cost unit is called :
|
Answer
C. Absorption of overhead
7
The ideal operating ratio is:
Answer
Question Cancelled
8
The contribution is equal to:
Answer
C. Fixed cost minus loss
9
Break even points Rs.30,000, profit Rs. 1,500 and fixed cost Rs. 6,000, Find out variable cost.
|
Answer
D. None of the above
10
Budget manual contains —————-— for the preparation of various budget. —
Answer
D. Guideline |
11
Dividend can be declared from : ; |
Answer
A. Revenue profit
12
Premium on redemption of preference shares are :
Answer
B. Capital loss
13
Which of the following is Non- trading charges?
Answer
D. All of the above
14
After the redemption of debentures, the balance of debenture sinking fund is transferred to :
Answer
C. General reserve
15
Contingent liability is shown due to convention of :
Answer
C. Full disclosure
16
X, Ltd goes into liquidation and a new company 4 Ltd, is formed to take over the business of
"X' Ltd is a case of :
Answer
B. External reconstruction
17
It is given that premiums, reinsurance premiums and commissions on reinsurance ceded
amounted to Rs. 10,00,000, Rs. 50,000 and Rs. 30,000 respectively. Hence, premiums will be
shown in the revenue account at :
Answer
D. None of the above
18
A and B are partners sharing profit and losses in the ratio of 3:2. C is admitted into business for 1/8 share of profit and loss. Their sacrificing ratio is:
Answer
D. None of the above
19
If the cost of goods sold Rs. 2 lakh, the value of opening stock Rs. 40,000 and closing stock
Rs. 60,000, the stock turnover ratio will be equal to:
Answer
B. 4times
20
Preference share holders details of a liquidated company are given in :
Answer
C. List F
21
Sensitivity Training is a function of : |
Answer
D. Staffing
22
Gang Plank mecin :
|
Answer
C. Permits horizontal communication
23
Strategic point control implies :
Answer
B. Focus attention only on factors critical in performance
24
Functional Foremanship was introduced by :
Answer
D. F.W. Taylor
25
Two factor theory of motivation was developed by :
Answer
D. None
26
"The Attributes of Excellence" Approach was developed by :
Answer
B. Peter and Waterman
27
These are the general statement formulated by the organization to guide managers in
decision making - which one?
Answer
A. Policies
28
This principle states that a number of subordinates whose work can be managed efficiently
by a manager at a time. Which principle?
Answer
C. Span of management
29
Which one of the following strategy helps to overcome resistance to change in an
organization?
Answer
D. All of these
30
Equity Theory of Motivation was developed by :
Answer
A. J.S. Adam
31
The sampling technique in which a sample is obtained by drawing every 'n' the item from a
list is known as
- sampling.
Answer
A. Systematic
32
The best sampling technique to conduct a tribal survey is :
Answer
B. Cluster sampling
33
The difference between the approximated value and the true value is technically called :
Answer
C. Statistical error
34
———__——— hypothesis is subject to modification as the investigation proceeds.
Answer
B. Working
35
Which fact is true about coefficient of correlation?
Answer
D. All of the above
36
Which test is applied, when the sample is small and population standard deviation is not
known?
Answer
B. T-test
37
Calculate the standard Error from the given data. The number of random sample is 100, and
population standard deviation is 1350:
Answer
D. None of the above |
38
Simplex method of L.P.P was formulated by :
Answer
A. George — B Dantzig
39
Any activity which does not consume either any resource and time is known as :
Answer
D. Dummy activity
40
The additional cost incurred for reducing total time period of project through crashing
process is known as :
Answer
C. Cost-slope .
41
A form of system or a set of rules and methods, allows for definition, creation, updation,
reading, maintenance and protection of data base is called :
Answer
D. DBMS
A 7 233/2015
[P.T.O]
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42
Which of the following subsystems of MIS assist managers in making unstructural decisions?
Answer
A. DSS
43
Which of the following is not a function of MIS?
Answer
C. Data Analysis
44
The process of divíding or factoring a system into smaller systems and dividing in to sub-sub
smaller systems is known as :
Answer
B. System decomposition
45
The right to buy an asset at a specified price on or before a specified expiration date is called :
Answer
A. Call option
46
stocks are those companies whose earning pér share is growing faster than
the economy and at a rate higher than that of an average firm in the same industry.
Answer
B. Growth stocks
47
approach support that dividend decisions are relevant and affect the value of
a firm.
Answer
B. Walter
48
- refers to a situation where a firm is not in a position to invest in all
profitable projects due to the constraints on availability of funds.
Answer
D. Capital rationing
49
means reducing the par value of shares by increasing the number of shares
proportionately.
Answer
B. Stock split
50
A company should follow the policy of -
-- during inflation or boon period.
Answer
A. High gear
51
Family pension received by family members of armed force personnel killed in an action is
taxed under:
Answer
D. . Not taxable
52
The device or process by which a person tries to reduce tax liability or incidence of tax
through dishonest, falsehood and illegal ways.
Answer
B. Tax evasion
53
Sales tax is an example of :
Answer
A. Indirect tax
54
Mr. Arjun running a real estate business, during the course of business, he let out properties
rented income from the properties is taxes under :
Answer
D. Business gain
55
Share of a partner in the profits of partnership is considered as :
Answer
B. Excepted income
56
The present rate of Education cess in the income tax liability of an assessee :
Answer
A. 3%
57
Salary of MP or MLA is taxed under -
— head.
Answer
D. Other sources
58
The period of 12 months commencing on the 1" day of April every year is known as :
Answer
Question Cancelled
59
Short term capital loss can be set off against :
Answer
C. (A) or (B)
60
Section 60 to 65 of the Income tax Act deal with :
Answer
A. Clubbing of income
61
E-commerce is not suitable for :
Answer
D. Online job searching
62
Direct Supervision over depositories and mutual fund is undertaken by :
Answer
A. SEBI
63
Who is the chairman of 13'h Finance commission?
Answer
C. Mr. Vijay C. Kelkar
64
' Which of the following software is not used for data processing?
Answer
B. STAR
65
"Crawling peg system" means :
Answer
A. Fixed exchange rate system
66
According to recent guidelines (2013) of RBI the private sector banks are required to have a
minimum paid up equity capital of:
Answer
B. Rs. 500 crore
67
Kyoto protocol pertains to:
'
Answer
C. Environment protection
68
Competition Act passed in the —————————— year,
Answer
C. 2002
69
Who propounded ‘Theory 4"?
Answer
A. William Ouchi
70
An MNC that maintains a balance between the home market and host market oriented
policies is:
Answer
C. c) Geocentric
71
The Article which restricts the courts to inquire into proceedings of parliament :
|
Answer
B. A. 122 :
|
72
Article 370 of the constitution refers to : |
Answer
C. Jammu and Kashmir
73
Which part of the constitution has been described as the soul of the constitution?
|
Answer
A. Preamble
74
The eystem of Judicial review is there :
Answer
D. USA and India
75
Which schedule contains the three lists that divides the powers between the state and the
| centre? i
|
Answer
A. Seventh schedule
76
The maximum period of maternity benefits is fixed for :
Answer
A. 12 weeks
77
The constitutional validity of Section 10 of payment of Bonus Act was challenged in :
Answer
B. Jalan Trading Co V Mill Mazdoor Union
78
The right to form association or union is elevated as a fundamental right guaranteed under :
Answer
C. A:19(1)(c)
79
The right to information Act was passed in the year: —
Answer
A. 2005
80
The term "wages" under the ESI Act includes :
Answer
D. all the above
81
‘El Nino’ Climatic phenomenon occurred in the ocean of : *
|
Answer
B. Pacific
|
82
The winner of Copa America foot ball Cup of 2015 : i
Answer
A. Chile
83
‘Samathwa Samajam’ was the Kerala's first social organization founded by :
Answer
D. Vykunda Swamikal
233/2015 12 A
' ] ; |
84
Part 1 of the Indian Constitution begins with :
Answer
D. . India, that is Bharat shall be a union of states
85
Under which article of Indian Constitution can the President of India be impeached?
a
Answer
D. Art. 61
86." The number of Parliament members representing the state of Nagaland :
86
The number of Parliament members representing the state of Nagaland :
Answer
A. - 2
87
National Rural Employment Guarantee Act was passed in the year :
Answer
D. 2005
88
Operation New Dawn’ is the beginning of stability in:
Answer
B. IranA
|
89
The Bodo language is spoken in the state of : |
|
Answer
D. Assam
90
The type of Planning Project introduced by the Janatha Government is : '
Answer
B. Rolling plan
91
The ‘Savarna Jatha’ to support the Vaikkom Satyagraha was organized by :
Answer
C. Mannathu Padmanabhan
92
Who was called as the “Lincoln” of kerala for steering socio-economically and educationally
backward communities to the forefront?
Answer
A. Pandit Karuppan
93
"Vayalvaram veedu" is related to who among the following?
Answer
C. Narayana Guru
94
Who expounded the concept of "Ananthajathi"?
Answer
C. Brahmanda Sivayogi
95
In which district is the birth place of Vakkom Moulavi?
Answer
A. Thiruvanantha puram
96
India's first earth quake warning system successfully installed in :
Answer
B. Utharakhand
97
Which of the following article is dealt with the constitution of the Parliament of India?
Answer
C. 79
98
The inclusion of the word "fraternity" in the preamble of the Indian constitutión by :
Answer
B. B.R. Ambedkar
99
The Flamingo festival is celebrated in :
Answer
A. Andhra Pradesh
100
Kerala Varma Pazhassi Raja was popularly known as :
Answer
C. Kerala Simham
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