FYBAF - SEM I - MCQ

 

ONLINE FINAL / SEMESTER EXAMINATIONS

MCQ 

Multiple Choice Questions for college students who are going to appear online exam od FYBAF - SEM 1 

 

IMPORTANT MCQ FOR STUDENTS......

 

 

AS PER UNIVERSITY OF MUMBAI SYLLABUS

 

 

Will be helpful to regular students of Mumbai university colleges who are going to give the online examinations of SEM I, and SEM III  class of students.

If it is helpful to you so also share it among your friends so that they will be also benefited from it.

 

ANSWERS ARE HIGHLIGHTED IN BOLD

F.Y- I SEM

 

BUSINESS COMMUNICATION

 

 

1.

Vertical communication that flows from superior to subordinate is called as ________.

(2 points)

 

	⚫	Downward communication
	◯	Simple communication
	◯	Upward communication
	◯	Horizontal communication

 

2.

_______ Communication cannot be trusted fully.

(2 points)

 

	◯	Vertical
	◯	Diagonal
	◯	Horizontal
	⚫	Grapevine

 

3.

A resume is accompanied by ______   letter.

(2 points)

 

	⚫	covering
	◯	appointment
	◯	testimonial
	◯	open

 

4.

_______   media blurs private/public boundries.

(2 points)

 

	◯	Business
	◯	entertainment
	⚫	social
	◯	journalistic

 

5.

The fastest means of communication is ___________.

(2 points)

 

	◯	vertical
	◯	Horizontal
	⚫	Grapevine
	◯	Diagonal

 

6.

Barriers caused due to time and distance are called ____________.

(2 points)

 

	⚫	physical barrier
	◯	cross cultural barrier
	◯	psychological barrier
	◯	language barrier

 

7.

Semantic barriers is also called as _________.

(2 points)

 

	◯	Personal barrier
	◯	cultural barriers
	⚫	language barriers
	◯	physical barriers

 

8.

____________ are wireless devices that use radio waves to transmit sounds.

(2 points)

 

	⚫	Mobiles
	◯	Fax
	◯	Telegrams
	◯	Radio

 

9.

______ is art of influencing the minds of listener.

(2 points)

 

	⚫	Persuasion
	◯	Instruction
	◯	Information
	◯	Advice

 

10.

A ________ is an electronic device that is used to organize,modify  and generate information.

(2 points)

 

	◯	Radio
	◯	Fax
	⚫	Computer
	◯	Telephone

 

11.

_______ reveals the identity of sender in letter.

(2 points)

 

	◯	subject line
	◯	salutation
	◯	signature
	⚫	head address

 

12.

E mail can be sent with the click of ________.

(2 points)

 

	◯	laptop
	◯	computer
	◯	Tool
	⚫	mouse F.Y- I SEM

 

FOUNDATION COURSE

 

 

1.

Hinayana Service Mahayana are the two major schools thought in …………………..

(2 points)

 

	◯	Jainism
	◯	Muslim
	⚫	Buddhism
	◯	Hinduism

 

2.

………………………. Is a belief in the spirit of dead.

(2 points)

 

	⚫	Animism
	◯	Fetishism
	◯	Cateism
	◯	Totemism

 

3.

………. Refers to freedom from disturbance and violence.

(2 points)

 

	◯	tolerance
	◯	justice
	⚫	peace
	◯	price

 

4.

The major cause of decline sex ratio is …………

(2 points)

 

	◯	poorty
	◯	Pollution
	⚫	Poverty
	◯	Smoking

 

5.

prime minister is the …………….. in India

(2 points)

 

	⚫	Executive
	◯	Legislative
	◯	legality
	◯	Judicial

 

6.

………………. Is the solution of communalism

(2 points)

 

	◯	Patriotism
	⚫	Communism
	◯	incommunism
	◯	Capitalism

 

7.

………………. Is a muscle destroying disease inherited by person

(2 points)

 

	◯	object
	◯	Spinabefada
	⚫	Dystrophy
	◯	Epilepsy

 

8.

the constitution of india came into effect on …………. 1950

(2 points)

 

	⚫	26th November
	◯	26th December
	◯	26th February
	◯	26th January

 

9.

In estate system the ………………….. perform religious duty.

(2 points)

 

	◯	Aristocrats
	◯	Serfs
	◯	other
	⚫	Clergy

 

10.

Rape and Molestration is a ………………… violence against women.

(2 points)

 

	◯	Social
	⚫	Criminal
	◯	Domestic
	◯	economical

 

11.

Demand of the ‘Sons of soil’ is …………………

(2 points)

 

	◯	Casteism
	◯	Communalism
	◯	Ireligionism
	⚫	Religionism

 

12.

there are …………. Parts in the structure of Indian constitution.

(2 points)

 

	◯	32
	⚫	22
	◯	42
	◯	12

F.Y.BAF- I SEM

 

BUSINESS ENVIROMENT-I

 

 

1.

External environment Offers Opportunities and __________

(2 points)

 

	◯	Strength
	◯	Processed
	◯	Weaknesses
	⚫	Threats

 

2.

PESTAL analysis identifies _____________ factors

(2 points)

 

	◯	Internal
	⚫	External
	◯	frequent
	◯	Administrative

 

3.

FDI policy of the government is ____________.

(2 points)

 

	◯	conservative and unfavourable
	◯	negative and unfavourable
	⚫	fair and liberal
	◯	unorganizer

 

4.

_____________ is the first to introduce social audit in India.

(2 points)

 

	◯	WIPRO
	⚫	TISCO
	◯	ITC
	◯	UTI

 

5.

Highest inflow of FDI is in _________ sector.

(2 points)

 

	◯	Telecommunications
	⚫	Services
	◯	Power
	◯	Software and Hardware

 

6.

There is ___________ between our exports and imports.

(2 points)

 

	⚫	wide gap
	◯	small gap
	◯	narrow gap
	◯	no gap

 

7.

Consumer guidance need ______________ support

(2 points)

 

	◯	civil
	⚫	media
	◯	police
	◯	social

 

8.

To honour rights of Consumers is the responsibility of a business towards___

(2 points)

 

	◯	government
	⚫	consumers
	◯	ungovenment
	◯	share holders

 

9.

The basic purpose of consumer movement is to ____________ consumers.

(2 points)

 

	◯	guide
	◯	develop
	◯	dominate
	⚫	educate

 

10.

Consumer Rights day is celebrated on ______________ of every year.

(2 points)

 

	◯	April 15
	◯	February 15
	⚫	March 15
	◯	May 15

 

11.

_____Audit helps in evaluating business activities in terms of social benefits.

(2 points)

 

	◯	Commercial
	⚫	Social
	◯	economical
	◯	Human resource

 

12.

India is a _____________ of WTO.

(2 points)

 

	◯	organizer
	◯	member
	◯	unorganizer
	⚫	founder

 

F.Y.BAF- I SEM

 

ELEMENTS OF FINANACIAL ACCOUNTING PAPER1

 

1.

Which of the following is not a current assets.

(2 points)

 

	◯	Bank balance
	◯	Sundry Debtors
	◯	inventory
	⚫	Goodwill

 

2.

Which of the following items will not appear in the Manufacturing account

(2 points)

 

	◯	Direct wages
	◯	Purchases
	◯	Carriage outward
	⚫	sales

 

3.

in department accounting, where separated books are kept for each department , it is known as

(2 points)

 

	⚫	Independent Accounting
	◯	consolidates Accounting
	◯	Columnar accounting
	◯	single entry system

 

4.

If the Businessman earns gross profit at 1/9th of cost. If sales are Rs. 90,000 gross profit will be:

(2 points)

 

	◯	Rs 80,000
	◯	Rs 81,000
	◯	Rs 10,000
	⚫	Rs 9,000

 

5.

Under Hire purchase interest Paid on the contract is equal to

(2 points)

 

	◯	HP price less down payment
	◯	Cash price less down payment
	⚫	Cash price plus down payment
	◯	Hp price less cash pricestock

 

6.

Closing Stock appears on the ……….. Side of Adjusted Trial Balance.

(2 points)

 

	◯	credit
	◯	International
	◯	Adjustment
	⚫	Debit

 

7.

The Indian Accounting standard are issued by

(2 points)

 

	◯	Government of India
	◯	Institute of Company secretaries of India
	◯	Institute of chartered financial Analysts of India
	⚫	Institute of Chartered Accountants of India

 

8.

in hire Purchase , The title to the goods remains with the………

(2 points)

 

	◯	Buyer
	◯	owner
	⚫	seller
	◯	Company

 

9.

Accounting Standard -1 is

(2 points)

 

	⚫	Mandatory
	◯	Optional
	◯	No longer valid
	◯	Recommendatory

 

10.

Which of the following is NOT an Accounting policy covered by AS-1

(2 points)

 

	◯	Treatment of borrowing assets
	⚫	Decision to keep calendar year as the accounting period
	◯	Valuation of inventories
	◯	treatment of retirement benefit

 

11.

……..   is not a fundamental Accounting assumption

(2 points)

 

	◯	Accrual
	◯	Going concern
	◯	Consistency
	⚫	Accuracy

 

12.

An estimate of Assets and Liabilities as on a date is called

(2 points)

 

	◯	statement of Capital
	⚫	Balance Sheet
	◯	Trial Balance
	◯	Statement of Affairs

 

2.

dividend declared between two Annual General meetings is termed as _____

(2 points)

 

	◯	stock dividend
	◯	cash dividend
	◯	liquidation dividend
	⚫	interim dividend

 

3.

dividend distribution tax affects the cost of__________

(2 points)

 

	⚫	equity
	◯	bank loan
	◯	debentures
	◯	Mortgage Loan

 

4.

IPO stands for ____________

(2 points)

 

	◯	Indian public offer
	◯	initial private offer
	◯	Indian post office
	⚫	initial public offering

 

5.

_____________ shows different sources of finance

(2 points)

 

	◯	equity structure
	◯	borrowed capital structure
	⚫	capital structure
	◯	preference structure

 

6.

the cost of _________ capital is the highest

(2 points)

 

	◯	preference
	◯	International
	◯	Debt
	⚫	equity

 

7.

interest on loan is a ________ cost

(2 points)

 

	◯	undefined
	◯	semi variable
	◯	variable
	⚫	fixed

 

8.

commercial papers are issued by _________

(2 points)

 

	◯	RBI
	◯	SBI
	⚫	corporates
	◯	commercial banks

 

9.

if the degree of operating leverage is 2 and that of combined leverage is 4 the financial leverage of the company Shall be _________

(2 points)

 

	⚫	2
	◯	6
	◯	12
	◯	8

 

10.

sales - variable cost = _________

(2 points)

 

	◯	gross profit
	⚫	contribution
	◯	fixed cost
	◯	net profit

 

11.

dividend paid to stock holders to stockholders are_____

(2 points)

 

	◯	tax free
	◯	tax deductible to the firm
	◯	double taxation
	⚫	not tax deductible to the firm

 

12.

at optimal capital structure the cost of capital is ____________

(2 points)

 

	◯	high
	⚫	least
	◯	moderate
	◯	low

F.Y.BAF- I SEM  

INTRODUCTION AND ELEMENTS OF COST

 

1.

Process of ascertainment of cost s is known as

(2 points)

 

	⚫	Costing
	◯	Operating costing
	◯	Cost reporting
	◯	Cost Control

 

2.

________cost is the aggregate of variable costs.

(2 points)

 

	⚫	Marginal
	◯	Fixed cost
	◯	Production cost
	◯	Historical

 

3.

Absorption means ______

(2 points)

 

	◯	Changing overheads to cost centers or cost units
	⚫	Changing overheads to cost units
	◯	Changing overheads to cost centers
	◯	Changing overheads to material cost

 

4.

In the annual demand is equal to 500 units.ordering cost is equal to 40 and carrying cost is equal to 4 per unit the EOQ is______

(2 points)

 

	◯	37.5
	◯	31.62
	◯	10
	⚫	100

 

5.

A typical factory overhead cost is ________-

(2 points)

 

	⚫	Distributions
	◯	Compensation of plant manager
	◯	Design
	◯	Internal Audit

 

6.

The allotment of whole items of cost to cost centers or cost units is called________.

(2 points)

 

	⚫	Cost allocation
	◯	Selling cost
	◯	Overhead absorption
	◯	cost appointment

 

7.

Material control involves control over ______________

(2 points)

 

	◯	issue of material
	◯	consumption of material
	⚫	Purchase, storage and issue of material
	◯	Purchase of material

 

8.

Bad debt is an example of_________

(2 points)

 

	⚫	Selling overhead
	◯	Production Overheads
	◯	Distributions overheads
	◯	Adminstration overheads

 

9.

CAS- 1 deals with ___________

(2 points)

 

	⚫	Classification of costs
	◯	Marginal cost
	◯	Capital expenditure
	◯	Sunk cost

 

10.

CAS -3 deals with __________

(2 points)

 

	◯	labour
	⚫	Overheads
	◯	Material
	◯	stores

 

11.

Time booking is basically performed by preparing a _______card.

(2 points)

 

	◯	Factory
	⚫	Job
	◯	Industry
	◯	Office

 

12.

__________means charging overheads to cost units.

(2 points)

 

	◯	Allotment
	◯	Allocation
	⚫	Absorption
	◯	Appointment

F.Y.BAF- I SEM

 

MICRO ECONOMICS PAPER 1

 

 

1.

Under which method the forecaster undertakes a complete survey of all consumers whose demand he intends to forecast.

(2 points)

 

	◯	Delphi method
	◯	End-use method
	◯	Sample survey method
	⚫	Complete enumeration method

 

2.

_____ method uses time series data

(2 points)

 

	◯	End-use
	◯	Sample survey
	◯	Delphi
	⚫	Trend

 

3.

In monopoly there is only ……. Seller.

(2 points)

 

	⚫	One
	◯	Three
	◯	Two
	◯	Four

 

4.

The firm will be able to get raw material at lower prices due to

(2 points)

 

	◯	bargaining
	◯	Low Transport rates
	◯	Advertising
	⚫	Bulk buying

 

5.

Oligopoly is a market form in which there are few sellers of ………. Product.

(2 points)

 

	◯	Heterogeneous
	◯	Very large product
	⚫	Homogeneous
	◯	Many product

 

6.

The shutdown and break-even points are_________.

(2 points)

 

	◯	Fixed
	◯	Equal
	◯	Irrelevant
	⚫	Different

 

7.

Some factors of production or inputs remain constant. They are called _______-.

(2 points)

 

	◯	Homogeneity of variable factor.
	◯	Variable factor
	◯	Direct factor
	⚫	Fixed factor

 

8.

Dumping takes place when a monopolist

(2 points)

 

	◯	Has monopoly in the world market
	◯	Has monopoly in the world as well as home market.
	⚫	Has monopoly in the world market & competitive world market
	◯	Has monopoly in home market.

 

9.

Which of the following properties of an iso-quant is due to diminishing marginal rate of technical substitution?

(2 points)

 

	⚫	Convexity
	◯	Right angle
	◯	Negative slope
	◯	Does not intercept axes

 

10.

returns to scale determine the behavior of

(2 points)

 

	◯	marginal cost
	⚫	long run average cost
	◯	short run average cost
	◯	average fixed cost

 

11.

At the break-even point, the price is equal to _______ cost.

(2 points)

 

	◯	Marginal
	◯	Total
	◯	Variable
	⚫	Average

 

12.

Perfect competition has sellers in

(2 points)

 

	◯	Few
	⚫	Large numbers
	◯	Nil
	◯	Many