FYBAF - SEM II - MCQ
Multiple Choice
Questions
SAMPLE MCQ 👇👇👇
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 II, SEM IV and SEM V
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.
MCQ – Multiple Choice
Questions
SAMPLE MCQ
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 II, SEM IV and SEM V
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
SUB : Innovative Financial services
MCQ (50 QUESTIONS)
1. The
bill should have maximum of …….. days.
a.
90
b.
180
c.
30
d.
120
2. Bill
discounting is governed by the negotiable instrument act.
a.
Negotiable instrument act
b.
The contract act
c.
Sale of goods act
d.
Company act
3.
The …………… introduced a new bill market scheme
in November 1970
a.
SEBI
b.
SBI
c.
RBI
d.
IRDI
4.
In the …………….. factoring, the factor does not
make any advance payment to the client.
a.
Maturity
b.
Advance
c.
Loan
d.
Payment
5.
100% finance is provided in……………
a.
Factoring
b.
Forfaiting
c.
Goods
d.
Services
6.
……………………. May be for financing a series of
sales involving bulk trading.
a.
Factoring
b.
Forfaiting
c.
Goods
d.
Services
7.
A…………. define
as , “any person who is engaged in the business of issue management.”
a.
Factor
b.
Manager
c.
Merchant banker
d.
Insurer
8.
Financial Services are …………….
a.
Intangible
b.
Inseparable
c.
Variable
d.
Stable
9.
…………… Market facilitates the trading of foreign
exchange.
a.
Capital Market
b.
Money market
c.
Commodity market
d.
Forex market
10.
…………… refers to capital which is available for
financing the new business venture.
a.
Venture capital
b.
Working capital
c.
Cash management
d.
Cash flow
11.
…………… is an apex housing finance institution in
the country.
a.
SBI
b.
RBI
c.
NHB
d.
ICICI
12.
………………
are in charge of the issue process.
a.
Merchant bankers
b.
RBI
c.
SBI
d.
ICICI
13.
………….. is only financing of foreign trade.
a.
Trading
b.
Billing
c.
Forfaiting
d.
Factoring
14.
The Securities and exchange Board of India was
constitute in ……………….
a.
1988
b.
1990
c.
1992
d.
1987
15.
The issuing company is expected to pay
brokerage with in ………………… months from the date allotment.
a.
Four
b.
Three
c.
Two
d.
One
16.
The …………. Also offer certain other specialized
services such as advisory services on matters suc as mergers and amalgamation.
a.
Underwriters
b.
Merchant banker
c.
Broker
d.
Bankars
17.
A banker to an issue is required to maintain
books of accounts for a minimum period of ………….. years.
a.
Two
b.
Four
c.
One
d.
Three
18.
Where in an order, the client places a limit on
the price of the security, it is a case of …………
a.
Limit order
b.
Best rate order
c.
Immediate or cancel order
d.
Stop loss order
19.
A banker to an issue is required to maintain
books of accounts for a minimum period of ……….. Year.
a.
Two
b.
Four
c.
Three
d.
Five
20.
Securitisation is the process of pooling and
repackaging of homogeneous …………. Financial assets into marketable securities.
a.
Liquid
b.
Illiquid
c.
Fixed
d.
Current
21.
NEFT stands for
a.
Non electric fund transfer
b.
Net electric fund transfer
c.
National electric fund transfer
d.
National Electronic fund transfer
22.
Factoring Regulation act….
a.
2010
b.
2011
c.
2012
d.
2013
23.
Bills and invoices are technically know as
…………..
a.
Bill of discounting
b.
Bill
c.
Invoices
d.
Papers
24.
KYC stands for
a.
Knowledge your customer
b.
Knowing you costume
c.
Key your customer
d.
Know your customer
25.
Stock broker means a …………….. of a Stock
exchange.
a.
Person
b.
Member
c.
Men
d.
People
26.
The availability of cash and other cash like
marketable instruments that are useful in purchases and investments are
commonly known as………….
a.
Cash crunch
b.
Liquidity
c.
Credit
d.
Marketability
27.
Banking sector comes under which of the
following sector
a.
Marketing sector
b.
Manufacturing sector
c.
Services sector
d.
Industrial sector
28.
A set of complex and closely connected
instruction, agents parties , market transaction etc. aspect of an economy is
referred as
a.
Financial system
b.
Financial market
c.
Financial institution
d.
Financial management
29.
………………. Is a market for financial assets which
have a long or indefinite maturity.
a.
Financial system
b.
Financial market
c.
Capital market
d.
Money market
30.
…………………….. was constitute to protect the the
interest of investors in securities and to promote the development of and to
regulate the securities market through appropriate measures.
a.
RBI
b.
SEBI
c.
NSE
d.
BSE
31.
What does SEBI aim to provide?
a.
Investor
protection
b.
Legal information
c.
Large volumes on the stock market
d.
Market securities
32.
The maximum load that a fund can exchange is
determine by…………….
a.
SEBI
b.
RBI
c.
AMFI
d.
Distributing agent
33.
NBFC performs a great role for finance in
…………..
a.
Wholesale sector
b.
Big scale industry
c.
Small scale and retail sector
d.
Heave machinery industry
34.
NBFC is company registered under
a.
The Indian contract act
b.
The Companies act , 1956
c.
The RBI act
d.
The factory act
35.
Finance is not available for the following
factoring services……..
a.
Without resource factoring
b.
With resource factoring
c.
Maturity factoring
d.
Invoice discounting
36.
Credit protection is available in
a.
Without resource factoring
b.
With resource factoring
c.
Maturity factoring
d.
invoice factoring
37.
Under forfaiting the client is able to get
credit facility to the extent of ……….
a.
100% of the value of the export bill
b.
80% of the value of export bill
c.
75% of the value of the export bill
d.
90% of the value of the export bill
38.
Full service factoring is often ………….
a.
Resource factoring
b.
Non resource factoring
c.
Agency factoring
d.
Local factoring
39.
The process of selling trade debts of a client
to a financial intermediaries is called…..
a.
Bill discounting
b.
Factoring
c.
Securitisation
d.
Materialisation
40.
……………………
are mainly provided to foreign investors.
a.
Custodian services
b.
Financial services
c.
Factoring
d.
Banking
41.
The idea of providing factoring services was
first throught of in India by ………………
a.
Tandem committee
b.
Malhotra committee
c.
Vaghul committee
d.
Sen committee
42.
The central theme of
forfaiting is the purchasing of ……………… by a financial service company .
a.
Trade bills
b.
Export bills
c.
Import bills
d.
Local bills
43.
Refactoring charges have to be paid in the cash
of ………………..
a.
Maturity factoring
b.
With resource factoring
c.
Invoice factoring
d.
Full bill factoring
44.
Buying a company’s accounts receivable on a non
resource basis is known as …………..
a.
Trading
b.
Billing
c.
Factoring
d.
Funding
45.
Which of the following is not necessarily
a party to a forfaiting transaction?
a.
Exporter
b.
Importer
c.
Broker
d.
Bank
46.
The greatest security for a banker is that a
………
a.
B/E
b.
Mutual fund
c.
Commercial paper
d.
Bonds
47.
The buyer accepts the invoice and acknowledges
……………….. on the due date.
a.
Seller
b.
Paying
c.
Receiving
d.
Buyer
48.
……………. Has constantly endeavoured to develop
the commercial bills market.
a.
Commercial bank
b.
Scheduled bank
c.
RBI
d.
SBI
49.
The ………… bill is properly stamped.
a.
Demand
b.
Usance
c.
Expired
d.
Local
50.
The practice of discounting accommodation bills
is known as …………….
a.
Night bill
b.
Kite flying
c.
Knight bill
d.
Usance bill
Class- F.Y.B.A.F
Subject- Buisness Law
MCQ
(50 questions)
1. An Indemnity
Can?
[a] Expressed
[b] Implied
[c] can be expressed or implied
[d]
invalid
2. In Contract of Indemnity there are ________parties.
[a] two
[b] Three
[c]
Four
[d]
Five
3 . Which of the following is the right of indemnity holder.
[a] All Sums
[b] All Costs
[c] All Damages
[d] No costs
4.The Person to Whom Guarantee given is Called as __________
[a] Surety
[b] Principal debtor
[c] Creditor
[d] Co-surety
5. A Contract of gurantee,which contemplates Three
contracts at the time is called as ?
[a] Valid Agreement
[b] Tripartite Agreement
[c] Void Agreement
[d] In-valid agreement
6. A Contract of gurantee discharge liability of whom in
case of his default ?
[a] First Person
[b] Third Person
[c] Fourth Person
[d] No any such person
7. Operation of law is one of essential of contract of
Indemnity?
[a] Yes
[b] No
[c] Neither of above
8. The person who promises to more good the loss is
called as?
[a] Indemnity holder
[b] Bailor
[c] Indemnifier
[d] bailee
9. A Contact by which one party promises to Save other
from loss caused to him by conduct of the promisor himself or by the conduct of
any other person name as ?
[a] Contract of Bailment
[b] Contract of gurantee
[c] Contract of Indemnity
[d] Contract of surety
10. In Specific gurantee mode of transaction is used
?
[a] Series of Transaction
[b] Single Transaction
[c] Double transaction
[d] No such mode exist
11. The Contract Where takes place of deliver of goods .Such
contracts is called?
[a] Contract of gurantee
[b] Contract of indemnity
[c] Contract of Bailment
[d] Contract of agency
12. If goods are given by mistake there is no contract of
Bailment.
[a] Yes
[b] No
[c] Partly true
[d] Partly false
13. Contract of Bailment , spears about which goods.
[a] Moveable
[b] Immoveable
[c] perishable
[d] Non-perishable
14. Contract of bailment involves temporary change with
regard to?
[a] Possession
[b] Ownership
[c] service
[d] contract itself
15. Whose duty is it not to mix goods ?
[a] Bailor
[b] Bailee
[c] surety
[d] Bailor and bailee both
16. Bailment of goods for security of payment is called as
[a] pledge
[b] guarantee
[c] Mortgage
[d] Lease
17. To return the increase in goods
[a] duty of bailor
[b] Duty of bailee
[c] Duty of third party
[d] Duty of both bailor and bailee
18. Whose duty is it to disclose the faults in the good
bailed ?
[a] bailee
[b] Promiser
[c] Bailor
[d] third party
19. If the bailee with the consent of bailor mixes the
goods with that of bailor has right to claim ?
[a] un-equal share in goods mixed
[b] Proportionate share in goods mixed
[c] No share
[d] Maximum share
20. Types of bailment under the Indian contract act
[a] three
[b] Four
[c] Two
[d] One
21. Which one of the following is correct ?
[a] Indian contract act 1882
[b] Indian contract act 1972
[c] Indian contract act 1872
[d] Indian contract act 1888
22. The law of contract is nothing but
[a] A child of commercial dealing
[b] A child of religion
[c] A child of day day politics
[d] A child of economics
23. The term contract is define under which section in
Indian contract act ?
[a] section 2 (b)
[b] Section 2 (p)
[c] Section 2 (e)
[d] Section 2 (h)
24. The Indian contract act is divided into how many parts
?
[a] Four parts
[b] Seven parts
[c] Two parts
[d] Ten parts
25. The Indian Contract Act ,1872 extends to
[a] Whole of India
[b] North India only
[c] South India only
[d] Whole of India including jammu and kashmir
26. To form a valid contract , there should be atleast ?
[a] Two parties
[b] Three parties
[c] Four parties
[d] Five parties
27. Section one to section 75 are applicable to
[a] Special contract
[b] Transfer of
property
[c] Partnership Act
[d] General principal of contract
28. Law of contract lays down the rules relating to
formation of ?
[a] Sales
[b] Contract
[c] Partnership Act
[d] Information Technology act
29. For a contract consent is
[a] Not essential
[b] Very essential
[c] May or may not be essential
[d] Essential
30. Contractual rights and duties are created by ?
[a] state
[b] Parties
[c] Statute
[d] Custom or usage
31. Every contract is an agreement ,but every agreement is
not a contract . This statement is
[a] Wrong
[b] Correct
[c] Correct ,subject to certain exceptions
[d] Partially correct
32. As per sec 2 (e) of Indian contract Act ,
Every
promise and every set of promise forming consideration for each other is a/an
[a] Contract
[b] Agreement
[c] Offer
[d] Acceptance
33. In consideration the act must be done at the desire of
[a] Bailee
[b] Third party
[c] Neither of them
[d] Promisor
34. The promise to be performed on a future date is called
as ?
[a] Past consideration
[b] Illusory consideration
[c] Future consideration
[d] Present consideration
35. Consideration not permitted by law is called as ?
[a] social consideration
[b] Third party consideration
[c] Lawful consideration
[d] Unlawful consideration
36. Over a cup of coffee in a restaurant x invites y to
dinner at his house on Sunday y hires a taxi and reaches x house at appointed
time but x fails to perform his promise can y recover any damages from x ?
[a] Yes,as y has suffered
[b] No, as the intention was not to create legal relation
[c] Because y is minor
[d] Any promise does not exist
37. Which of following is a contract ?
[a] A engages B for a certain work any promises to pay
such remuneration as shall be fixed . B does the work
[b] A promise to marry B
[c] A takes a seat in public vehicle
[d] A invites B to card party B accepts the invitation
38. Which one of the following will constitute a valid
acceptance?
[a] as enquiry as to the fitness of the subject matter of
contract
[b] A provisional acceptance
[c] Acceptance of offer
[d] A conditional acceptance
39. Goods displayed in a shop window with a price label
will amount to
[a] offer
[b] Acceptance of offer
[c] Invitation of offer
[d] Counter offer
40. Misstatement of facts made by one party to other party
with intention to deceive the other party to the contract
[a] This is called coercion
[b] This is called
mistake
[c] This is called
undue influence
[d] This is called fraud
41. Mistakes of law and mistake of fact are as
[a] Advantages of mistake
[b] Disadvantages of mistakes
[c] Features of mistake
[d] Classification of mistake
42. An agreement is
[a] Offer
[b] Offer acceptance
[c] Offer +Acceptance +Consideration
[d] Contract
43. A minor is a person below
[a] 14 years
[b] 16 years
[c] 18 years
[d] 22 years
44. The person who makes offer is known as
[a] Offeror
[b] Bailor
[c] Offeree
[d] Bailee
45. The offer made to specific person as
[a] Counter offer
[b] Specific offer
[c] Standing offer
[d] General offer
46. Communication in the offer has to be communicated to
[a] Third party
[b] Offeree
[c] Bailor
[d] Bailee
47. Rejecting an offer brings offer
[a] To start
offer
[b] To communicate offer
[c] To end offer
[d] To re-accept offer
48. A offering to pay rs.2,00,000 to anyone who gives
information about his missing daughter
[a] This is specific offer
[b] Counter offer
[c] General offer
[d] Standing offer
49. “A” offers to sell “B” his acer laptop at Rs.20,000 .
“B” immediately hands out a cheque for amount . here “B” has accepted it
impliedely without speaking
[a] This is called as contract
[b] This is called as offer
[c] This is called as agreement
[d] This is called as acceptance
50. Consideration must have some value
[a] True
[b] False
[c] Not very correct
[d] Not essential
CLASS:
FYBAF – II SEM REGULAR
SUB: INTRODUCTION & PLANNING OF AUDITING
MCQ (50 QUESTIONS)
1. The
term ‘Audit’ has been derived from latin word ‘’Audire” which means to ……… .
a)
Say b) hear c) management d) supervise
2. Auditor
should have ………&…….. to do the work of audit.
a)
Skill & Competence c) inefficiency & Dishonesty
b)
c) irregularity & Indiscipline d) Name & Fame
3. ……….
means the auditor should keep the information of client with himself &
should not disclose this information anywhere outside.
a)
Planning b)
management skill c)
confidentiality d) reporting
4. When
books of account are made in such a way to show much better condition than the
actual condition is called as ……… .
a)
Materiality b)
secret reserve c) consistency d) window dressing
5. ………. Is
against the provision of schedule VI of companies act, 1956.
a)
Auditing b)
accounting c)
secret reserve d) verification
6. ………..
should verify whether the income has been properly recorded the books and reported
in the final accounts.
a)
Curator b) Supervisor c) Auditor d) manager
7. A
company audit should be a …………. In
practise.
a)
B.com b) CA c) ICWA d) CS
8. Auditor
should protect the interest of the client like a ……….. .
a)
Employee b)
Investor c)
debtor d) watchdog
9. When a
transaction is omitted from the books it is called as ……..
a)
Error of omission b) error of commission c) fraud d)
overvaluation
10. When
books of accounts are made in such a way to show much worst condition than the
actual condition it is called ………
a)
window dressing b) secret reserve c)
fraud d) error
11. when
the same transaction is recorded twice in the books it is called as ……… .
a)
error of application b) error of commission c)
error of duplication d) error of
posting
12. When
the transaction has been entered in the books but wrongly it is called …….. .
a)
Mistake b) error of commission c)
error of duplication d) error
13. Primary
objective of audit is to determine whether the books of accounts are ………
a)
full of errors & frauds b)
very fair c) true &
fair d) wrongly entered
14. ……… is
not compulsory as per the law for all types of business organizations.
a)
Audit b)
registration of company c) partnership
deed d) recruitment
15. ‘’Where
the auditor, or his staff, is constantly engaged in checking the accounts
during the whole period’’
-
Definition given by ………. .
a)
W.C. Williams b)
R.C. Williams c) A.B. Williams d) D.C. Williams
16. Audit
conducted after the end of the accounting year is called as ……… .
a) Continuous
audit b) interim audit c) final audit d) primary audit
17. Audit
conducted between two annual audits is called as ………. Audit.
a) Continuous
audit b) interim audit c)
final audit d) primary
audit
18. Which
of the following is very expensive audit to be conducted by the firm?
a) Continuous
audit b) interim
audit c) final audit d)
primary audit
19. Companies
registered under & governed by companies act, ………. .
a) 1954 b) 1955 c) 1956 d) 1957
20. …………. Means determining the existence and confirmation
of assets & liabilities on date of balance sheet.
a) Verification b) transaction c) vedas d) management
21. Who is
the real owners of companies ?
a) Promoters b) auditor c) employee d) shareholder
22. Dividend
is received by the …………… of the companies .
a) Debenture
holders b) share holder c)
depositors d) employees
23. Examination
of financial records is done with the object of giving the report, which is
called ……… .
a) Audit
report b) interim
report c) quarter report d) final report
24. ………….
Means part of the profits kept aside for future use.
a) Capital b) gold c) reserves d) report
25. It
becomes easy for the company to obtain loans from the bank on the basis of
audited ………. .
a) Financial
statements b) quarter statement c)
monthly report d) fake report
26. As per
the requirement of ……… , to have the shares listed on the stock exchange, the
books of accounts have to be audited.
a) Companies b) ICAI c)
shareholders d) SEBI
27. ……… is
an unintentional mistake in financial statements. It is an inadvertent or innocent
mistake in the books and records.
a) Error b) fraud c) honesty d) indicators
28. Banking
companies governed by banking regulation act, ……… .
a) 1950 b) 1951 c) 1953 d) 1949
29. Co-operative
societies registered under the cooperative societies act, ……… .
a)
1912 b) 1913 c)
1914 d)
1915
30. As
transaction are checked at the earliest date after the occurrence, there can be
quick detection & correction of errors & frauds. Such audit is known as
………
a) Continuous
audit b) interim
audit c) final audit d)
primary audit
31. It
becomes very easy to keep accounts ready on monthly or quarterly basis because
of ……….. .
a) 6
months audit b) periodic audit c) continuous audit d) annual audit
32. Conducting
continuous audit is costly affair which only ……. Organization can afford.
a) Small b) large c) MSE d) cottage
firm
33. After
interim audit ………… dividend is declared .
a) Interim
dividend b) annual
dividend c) regular dividend d) 5 years dividend
34. Publication
of quarterly results is a statutory requirement for ……….. on stock exchange.
a) Pvt.
Ltd. b) public ltd. co. c)
small companies d) large pvt ltd.
35. ……….
Is a system of accounting , which indicates how & in what way business
organization has discharged its social responsibilities towards the society.
a)
Accounting b)
basic accounting c) social
accounting d) firm accounting
36. ………..
is assessment of social performance of an organisation.
a)
Continuous audit b) social audit c)
final audit d) dividend
37. …………..
is
mainly concerned with appraising & evaluating the management for.
a)
Internal control b) management audit c)
interim audit d)
annual audit
38. In
order to understand the need of social audit, we need to understand the concept
of social responsibilities and concept of ……….. accounting.
a)
Financial accounting b) management accounting c) social accounting d) final accounting
39. ………..
can identify and highlight those areas where there are deficiencies and can
also suggest certain corrective action.
a)
Poor management b)
management accounting c) top
management d) accounting
40. ………
has to maintain documents or working papers of important matters of the work
done by him.
a)
Auditor b) manager c) employee d) SEBI
41. The
government made some legal provisions whereby accounts required to be checked
and reported upon by an independent person other than the person involved in
the management. These person came to be known as ……….. .
a)
HR manager b)
CEO c)
vice president d) Auditor
42. Financial
statement of a bank should be prepared as per the format given in
……….regulation act.
a)
Partnership b)
banking c)
companies d) co-operative
43. …………
in ordinary terms means the skill of arranging the goods attractively in the
shop window.
a)
Secret reserve b)
window dressing c)
attractive goods d) free sample
44. __________ is a systematic examination of the books and records or a
business
a) Auditing b)
Vouching c) Verification d) Checking
45. This kind of audit is
conducted generally between two annual audit ______.
a) internal audit. b) interim audit. c) final
audit. d) continuous audit.
46. Internal auditor is appointed by
________.
a) the management. b)
the shareholders c) the government. d) he statutory body.
47. Auditing begins where ______
ends.
a) Selling b)
inventory valuation c) Accounting d) Purchases
48. For which of the following,
Audit is optional?
a) Trusts b)
Joint stock companies. c)
Proprietorship concern. d) Public
ltd co.
49. The audit that is made
compulsory under statute is called _________.
a) Statutory audit. b) Partial audit c) Complete audit. d) Continuous audit
50. Who among the following can be
appointed as auditor of a company?
a)
A partner or a director of the
company.
b) A
person of unsound mind
c) Mr. Y
who owes Rs. 500 to the company.
d) Mr.
Z the holder of C.A certificate.
CLASS-
FYBAF SEMESTER ll REGULAR
SUBJECT: BUSINESS MATHEMATICS
MCQ (50
QUESTIONS)
1. Divide
the number 1000 into two parts such that the ratio is 2:3
(a)250,750 (b) 200,800 (c) 500,500
2.
a^2:b^2 is ……… ratio.
(a)
Triplicate ratio (b) Duplicate ratio (c)single ratio
3.The
ratio 40 cm to 1 m is
(a)2:5 (b)
3:5 (c) 4:5 (d) 5:2
4.There
are 30 boys and 20 girls in a class .The ratio of the number of girls to the
number of boys.
(a) 2:3 (b)
3:2 (c) 2:5 (d) 3:5
5.The
height of Apala is 150 cm. The height of paro is 120 cm .The ratio of the
height of Apala to the height of pari is
(a) 4:5 (b) 5:4 (c) 5:2 (d) 4:1
6 .The
Monthly salary of Hari kishan is RS 80000 The monthly salary of Manish is RS 40000
.How many times of the salary of Manish is the Hari kishan.
(a) 2 Times (b) 3 times (c) 4 times (d) 8times
7 .A ratio equivalent to 3:7 is (a) 3:9 (b) 6:10 (c) 9:21 (d) 18:49
8.The
ratio 35:84 in Simplest form is
(a) 5:7 (b) 7:1(c) 5:12 (d) 8:7
9. Two
numbers are in the ratio 7:9 .If the sum of the numbers is 112 ,then the largest
number is
(a) 49 (b) 72 (c) 63 (d) 42
10 The ratio of 1 hour to 300 seconds is
(a) 1:12
(b) 12:1 (c) 1:5 (d) 5:1
11. In
4:7:: 16:28 ,7 and 16 are called
(a) extreme terms (b) middle terms (c) single term (d)
Double term
12. If
12,21,72,126 are in proportion ,then
(a) 12×21= 72×126 (b)12×72=21×126(c) 12×126= 21×72 (d)12×12=12×126
13. If x,y
and z are in proportion ,then
(a) x:y::z:x, (b) x:y::y:z (c) x:y::z:y (d) x:z::y:z
14. 7:12
is equivalent to
(a) 28:40 (b) 42:71 (c) 72:42(d) 42:72
15 The value of m, if 3,18,m,42 are in proportion is:
(a) 6 (b) 54 (c) 7 (d) 8
16 The length and the width of a field are in the ratio 5:3 .if the width of the field is 42 m then length is:
(a) 100m
(b) 80 m (c) 50m (d) 70 m
17 The
first, second and fourth terms of a proportion are 16,24 and 54 respectively
.Then the third term is
(a) 36
(b) 28 (c) 48 (d) 32
18.If
a:b = 2:3 and b:c = 4:3 then find a:b:c
(a) 8:12:9 (b) 2:3:8 (c) 2:3:9 ( d) 2:3 12
19.
Find the fourth proportion to 2,3,6
(a) 18
(b) 12 (c) 9 (d) 4
20.
If 2:9::x:18 ,then find the value of x
(a) 2 (b) 3 (c)
4 (d) 6
21. The salary of A,Band C are in ratio 2:3:5 .If
the increment of 15%,10% and 20% are done to their respective salaries then
find the new ratio of their salaries .
(a) 20:33:60 (b) 21:33:60 (c) 22:33:60 (d) 23:33:60
22.
If two quantities are related in such a way that increase in 1 quantity causes
increase in other quantity ,then this variation is said to be
(a)
joint variation
(b) extreme variation
(c) Direct variation
(d) Inverse variation
23.If
two quantities are related in such a way that when 1 quantity increases the
other quantity decrease,ateden this variation is said to be
(a)Extreme
variation
(b)Joint
Variation
(c)
Direct variation
(d)
Inverse variation
24.
The ratio of the present age of father to that son is 7: 2 after 10 years their
age will be in the ratio of 9:4 the present ages of the father is
(a) 35 years (b) 40 years (c) 30 years (d) 25 years
25.
If a:b= 7:5,b:c =9 :11 ,find a:b:c ?
(a) 63:14:55 (b) 63:45:55 (c) 14:14:15 (d) 7:14:15
26.
The price it which a commodity is actually sold in the market is known as
(a) list prize (b) cost a prize(c)net selling price (d) BEP
27.If
the net selling price exceeds the cost price then there is
(a)profit (b)
loss
(c) no profit no loss
(d) break
even point
28.If
the cost price exceeds the need selling price then there is
(a) Profit (b) loss (c) no profit no loss(d) break even point
29. The
final price after deducting all the discounts which is consider for the
transaction is called
(a)Discounted list price (b) Net selling price (c)List price (d) Selling price
30.The
brokerage from buyer and seller are…….
while calculating total brokerage in a deal of the broker
(a)
Added (b) subtracted
(c) multiplied (d) divided
31.
The cash discount is calculated on
(a)net
selling price (b) cost price (c) discounted list price (d) none of these
32.The
difference between the market value and the net worth all the business is
(a)
Profit (b )loss
(c) Goodwill
(d) no
profit no loss
33.The
market price is also known as
(a) List
price(b) catalogue price (c) both a and B (d) none of these
34.
A trade discount is given on
(a) List
price
(b) reduce the list price
(c)
cash price (d) selling price
35.
If CP= 2000 profit = 10% find selling price
(a)3000
(b) 3200(c) 2200(d)200
36.
A del credere agent does the following
(a) Sales
goods(b) guarantees collection of dues(d)
both A&B (d) none of these
37.
Agent who guarantees the collection of dues from the customer is called
(a)
factor (b) Del credere (c) Guarantor (d) none of these
38
. A trader sold an article at rupees 14,000 with 40% profit its cost price is
(a) rupees 12,000
(b) rupees 10,000
(c) rupees 10,400
(d) rupees
3000
39.
By selling bags at rupees 120 per piece a shopkeeper made 50% profit the
percentage profit he will earn if he sells them at rupees 110 per piece is
(a)
37.5% ( b)36% (c) 38% (d) 40%
40.
By selling mobiles rupees 5000 each a trade made 20% profit if he wants 50%
profit then the mobiles should be sold at
(a)
Rupees 5500 (b) rupees 7000
(c) rupees 6000 (d) rupees 9000
41. The
net percentage profit is calculated on….
(a) selling price (b) cost price. (c) invoice price (d) market price
42. The
list price of a book is rupees 500 and it’s net selling price after allowing a
trade discount of 10% and a further cash discount of 2% is
(a) Rupees 450 (b)Rupeess 441
(c) rupees 430 (d) rupees 900
43. The net
percentage profit often article mark do 50% ever the cost price after giving
20% trade discount and 2% cash discount is
(a) 17.6%
(b)16%(c) 16.6% (d) none of these
44. Nitin
sold a LCD TV 24,000 and got 5%
Commission on it if his salary was rupees 15000 per month thus total payment he received in the
month is
(a)Rupees
16,000
(b)
rupees 17,400
(c) rupees
16,200
(d) rupees
9000
45 An
agent got 2% Commission from seller and 1% Commission from the buyer when a
flat was sold for rupees 30 lakhs the
total Commission he received was
(a) Rupees
1 lakh
(b) rupees 1,20,000
(c) rupees 1,50,000
(d) rupees 90000
(a) 46.
Find Cost price if Selling price = 3000 loss=
20%
(a) 3750
(b)2750(c) 2000 (d)500
47.Milind
received 3% Commission on sales of a scooter 8 rupees 40,000 and 2% on sales of
a car at rupees 3 lakhs. the total Commission he earned was
(a) Rupees 7200 (b)Rupees 7000 (c) rupees 8000 (d) none of
these
48. If x
: Y = 2: 3 and y:z= 4:3 ,then x:y:z is
7:11:10 (b) 8:11:9 (c) 10:12:11 (d) 8:12:9
49. If 12
,16,k and 20 are in the proportion, the value of k is
(a) 14 (b) 15(c) 16 (d) 20
50.
The triplicate ratio of 1:3 is
(a) 1:27 (b) 1:9 (c) 1 :26 (d) 3:5
CLASS:F.Y.B.A.F
SUB:FIANACIAL ACCOUNTING-II
MCQ(50
Questions)
1.Under Stock and Debtors method, Branch stock
Account helps to
a)Ascertain net profit/Loss of branch()
b)Ascertain
gross profit/Loss pf Branch()
c)Ascertain closing stock at the branch()
d)Ascertain cost of goods sent to the branch()
2.Branch Account under debtors system is a
a)Real account () b)nominal account()
c)Personal account () d)Representative Personal account()
3.When goods are sent to branch by H.O. which
account is debited____
a.Branch
account()
b.H.O()
c.Cash/Bank a/c() d.Debtors()
4.when cash is remitted by Branch to H.O.which
Account_____is credited.
a)Branch
Account()
b)Cash a/c()
c)Real account() d)Expenses a/c()
5.opening stock Rs5000(IP) find the load if
cost if 25%
a)1000
() b)2000()
c)3000 () d)4000()
6.Goods sent to BranchRs.340000 (cost)If Goods
are invoiced to branch at cost plus 50%.find the invoice price.
a)510000() b)440000 () c)560000() d)240000()
7.If the credit total of the Branch stock a/c
is more than its debit total, the difference is taken as normal _________
a)Stock
gain()
b)Stock Loss() c)Deficit() d)Surplus()
8.The H.O. send its goods to its branch at a
loading of 20% on cost.
a.The loading is 25% of sales() b.The loading is 1/6th of sales()
c.The
loading is 1/3rd of cost() d.The loading is 1/7th of sales()
9.The H.O. send it goods to its branch at a
loading of 25% on sales.
a.The loading is 50% of cost () b.The loading is 1/4th of
cost()
c.The
loading is 1/3rd of cost() d.The
loading is 20% of cost()
10.Stock reserve in relation to closing stock
appears
a.on
the debit side of branch account()
b.on the credit side of branch account()
c.on the debit side of profit and loss account()
d.on the credit side of the profit and loss
account()
11.Under stock and Debtors method,___A/c is
opened in order to ascertain gross profit/loss of branch.
a.Branch
stock() b.Branch Debtors()
c.Branch cash()
d.Branch Profit and Loss()
12.Under Debtors method, Goods received from
another branch at a cost are debited to________a/c
a.Branch() b. Branch stock()
c.Branch
Debtors() d.Branch Cash()
13.Under Debtors method,Good sent to branch
a/c is closed by transfer to_______a/c
a.Purchase() b.Sales()
c.debtors () d.Creditors()
14.Under Debtors method, branch account is
closed by transfer to__a/c
a.Profit
and Loss a/() b.Gross profit()
c.Balance
sheet () d.Net
profit()
15.Payment to branch creditors are not recorded
in the Branch account kept under the _______method.
a.Debtor() b.Branch stock() c.Stock() d.Stock and Debtors()
16.Under Debtors method,Goods returned to HO
are debited to__a/c
a.Goods
sent to HO() b.Branch stock()
c.Branch
Debtors () d.Branch
cash()
17.Under Debtors method, when goods are sent at
invoice price,load on opening stock brought down from last year is adjusted by
debit to_____a/c
a.Branch a/c() b.Stock
reserve() c.Branch cash() d.Branch Debtors()
18.Under stock and Debtors method expenses of
branch met by HO are debited to_________a/c
a.Branch cash() b.Branch
expenses ()
c.Branch profit and Loss() d.Br.debtors()
19.If total stock is Rs.50000 the value of
policy is Rs.70000 and the entire stock is lost, the claim will be for
a.Rs.75000()
b.Rs.35714() c.Rs.50000() d.Rs.60000()
20.The balancing figure in Memorandum Trading
account prepared by a trader who has lost goods in the fire accidents.
a.Gross profit on stock lost() b.estimated
closing stock on date of fire()
c.value of fire insurance policy() d.amount of claim to be made from insurance
company()
21.If there are any damaged or obsolete items
in stock lost by fire, the amount of loss will be
a.equal to the cost of normal items()
b.equal to the cost of abnormal items()
c.equal
to cost of Normal items+Cost of abnormal items()
d.equal to cost of Normal items-Cost of
abnormal items()
22.Average clause in an insurance policy
applies only in case of_
a.Lifeinsurance() b.over-insurance()
c.under
insurance() d.fire
insurance()
23.Salvage is_____
a.added to stock on the date of fire () b.Deducted
from stock on date of fire() c.Ignored for deciding claim() d.Added to loss()
24.Abnormal items included in closing stock
should be
a.deducted
from closing stock() b.deducted from purchases()
c.Added to sales() d.Added to purchase()
25.Good sent
in consignment are
a.Debited to Memorandum Trading account()
b.Credited
to Memorandum Trading account()
c.Ignored()
d.Added to Memorandum Trading account()
26.Good sent approval is
a.Debited to Memorandum Trading account()
b.Credited
to Memorandum Trading account()
c.Deducted from sales()
d.Added to sales()
27.% of Gross profit should be
a.Fluctuating()
b.Consistent() c.Increasing () d.decreasing()
28.Stock for the purpose of claim should be
a. at marginal price() b.at
market price() c.at cost() d.at closing price()
29.Salvage refers to
a.Stock destroyed by fire() b.Stock saved from fire()
c.actual loss incurred () d.Stock taken by partner()
30.Credit purchase should be ascertain from
a.Total
creditors account() b.Total Debtors account()
c.Cash account() d.sales account()
31.Total Debtors account is prepared to find
out
a.Credit
sales () b.Cash purchase() c.Cash sales () d.Goods in transit()
32.Unrecoded sales should be________
a.Added to Purhcases() b.Added to sales()
c.ignored() d.Deducted from
sales()
33.Purchase of furniture should be______
a.Added to purchase() b.Deducted from purchase()
c.Ignored() d.credited to purchase()
34.As per average clause insurance company pays
compensation
a.Proportionately() b.more than the loss()
c.Less than the loss() d.equally()
35.Fire insurance provides cover for
a.Tangible
assets() b.Intangible asset() c.Fictitious assets() d.real asset
36.Goods received in good condition at the time
of fire accident is called______a.Salvged
goods() b.Saved goods()
c.Damaged goods() d.Insured goods()
37.Sales Rs.200000,Purchase Rs.130000,wages
Rs.18000, closing stock Rs.20000.What
was the gross profit?
a.Rs.54000() b.Rs.50000() c.Rs.72000()
d.Rs.80000()
38.Sales Rs.200000.purchase Rs.130000, wages
Rs.18000 , closing stock Rs.22000, opening stock Rs.20000.What was the Rate of
Gross profit?
a.36%() b.25%() c.27%()
d.30%()
39.Sales
Rs.330000,PurchaseRs.250000,wages,Rs.25000,opening stock.Rs.10000 more than
closing stock.what was the rate of gross profit?
a.19.70%
() b.13.64%() c.16.67%() d.12%()
40.The
opening stock is Rs.60000 and the closing stock is Rs.70000.It the purchases
during the year are Rs.200000,the cost of goods sold will be
a.Rs.135000() b.Rs.90000() c.Rs.150000() d.Rs.140000()
41.Calculate
sales from the following:
Opening
stock Rs.50000 closing stock Rs.40000,Purchase less returns Rs.190000,Profit
margin is 16.66% on the sales
a.Rs.220000()
b.Rs.2,40,000()
c.Rs.150000() d.Rs.190000()
42.Goods
worth Rs20000 are issued for Rs.15000.It is completely destroyed by the
fire.The policy contains an average clause.The loss to be done by the insurance
company will be
a.Rs.15000() b.Rs.10000() c.Rs.20000() d.Rs.25000()
43.Find
gross profit when GP ratio is 25% on sales and cost of goods sold is Rs.100000.
a.Rs.25000() b.Rs.33,333()
c.Rs.20000 () d.Rs.25000()
44.If
the rate of Gross profit is 25% of cost,the amount of gross profit on a turnover of Rs.100000 will be
a.Rs.25000()
b.Rs.20000() c.Rs.33000()
d.Rs.49000()
45.Good
worth Rs.10,00,000 are insured for Rs.600000.It is completely destroyed by
fire.The Loss to be admitted will be
a.Rs.10Lakhs() b.Rs.6Lakhs() c.Rs.5Lakhs() d.Rs.10Lakhs()
46.Stock
on the date of fire is a balancing figure in the _________
a.Trading
a/c () b.Memorandum trading a/c()
c.Profit
and Loss a/c() d.Balance sheet()
47.Average
clause in a fire insurance policy applies only in case of_________insurance.
a.under () b.Over() c.Constant() d.neutral()
48.If
GPR is equal to 20% on cost,the gross profit is ___% of sales price.
a.16.67% () b.25%()
c.32%() d.30%()
49.Value
of stock on date of fire is estimated by preparing__a/c
a.Memorandum trading() b.Trading a/c() c.Profit and Loss() d.GPR
50.If
GPR is equal to 1/4th of cost,the gross profit is equal to______% of
sales.
a.20% ()
b.25%() c.30%() d.22%()
CLASS: FYBAF II SEM REGULAR
SUB : FOUNDATION COURSE
MCQ (50 QUESTIONS)
1. The
term _____ refers to freedom to business enterprises from excessive government
control.
a. privatization b. liberalization c. disinvestment d. globalization
2. Economic liberalisation was a bold
decision by the Prime Minister _________.
a. Rajiv Ghandhi b.
Narsimha Rao c. Atal Bihari
Bajpai d. Narendra Modi
3. The term ______ implies reduction in the
role of the public sector and increases the role of the
private sector in business and non-business activities.
a. liberalization b. privatization c.disinvestment d. globalization
4. In the state of __________, the
number of farmer’s suicides is the highest.
a. Karnataka b. Madhya Pradesh c.
Maharashtra d.
Chhattisgarh
5.
_________ means integrating the national economy with the world’s
economy.
a.
Disinvestment b.
Privatization c. Globalization d. Liberalization
6. As per the New Industrial Policy, 1991, at
present there are only ______ industries reserved for public sector.
a. Six b. three c.
five d. four
7. ______ is the process of
selling government equity in PSUs to private parties.
a. Disinvestment b. Privatization c. Globalization d.
Liberalization
8.
__________ means movement or shift of people from one place to another.
a.
Disinvestment b. Migration c.
Globalization d.
Liberalization
9.
______ refers to coerced movement of people away from their home.
a. Regional Migration b. Local Migration c.Mass Migrationd.
Forced Migration
10. The government of India has given
autonomy to the Board of Directors of PSUs in _____.
a. selection b. recruitment c.
training d. decision-making
11. ____ is working with farmers by
corporate firms and sharing the rewards.
a.
Contract farming b. Corporate
farming c. Government farming d. Private farming
12. As per the New Industrial Policy,
1991, licensing is required in _____ industries.
a.
Six b. Seven c.
Five d. Eight
13.____ is undertaken by large
corporative firms either by buying the land or taking the land on lease basis.
a. Contract farming b.Corporate farming c.Government farming d. Private
farming
14. Article 15 of the Constitution provides for ___ equality and equal access to public areas.
a. legal b.
judicial c. social d. religious
15. Humans
rights are derived from the principle of ____ law.
a. government b. natural c. judicial d.
human
16. The UDHR consists of a
Preamble and ______ articles highlighting human rights and freedoms entitled to
everyone in the world.
a. 15 b. 20 c.10 d. 30
17. ________ rights aim at personal good of an individual as well as that of the community.
a. Natural b. Fundamental c.
Enforced d. Religious
18. Human rights in a more
specified and well-defined manner came with the signing of _____ in 1215.
a. UDHR b. theory of the natural law c. Magna
Carta d. The Natural Rights
Duty
19.
Abolition of ___ is provided under Article 17 of the Indian Constitution.
a. Caste b. Child labour c. Untouchability d. racism
20.____ of
the Constitution abolishes the practice of the untouchability.
a.Article14 b. Article 17 c.
Article 18 d. Article 16
21. ____ empowers the citizens
to move to the court of law in case of any denial of the fundamental rights.
a. Cultural and Educational
Rights b. Right to Speech c. Right to Education d. Right to Constitutional Remedies
22.
Article 21(A) has made ______ education as a fundamental right.
a. higher b. secondary c. primary c. management
23. _____
has made primary education as a fundamental right.
a. Cultural and Educational Rights b. Right to Speech c.
Right to Education d. Right to
Equality
24. The
objective of the Right to Freedom of Religion is to sustain the principle of
_____
a. secularism b. socialism c.
humanism d. regionalism
25. The ______ are defined as
basic human freedoms which every Indian citizen has right to enjoy for proper
and harmonious development of personality.
a. Directive Principle of
State Policy b. Fundamental Rights c.
Human Rights d. Natural Rights
26. Human Rights are those
conditions of ________ life without which no man can seek in general to be
himself at his best.
a.
political b. economical c. social d.
personal
27. The National Rights theory
first germinated in _______ Theory of Ethics as the basis for politics.
a. Grotius b. Locke c. Hobbes d. Dr. Ambedkar
28. Human
rights have _____ applications.
a. limited
b. maximum c.universal d. most
29. ______
law can be traced to the thoughts of Sophocles and Aristotle.
a. personal b. natural c. human d. social
30. Globalisation has improved in the living
structure of
a. All the people b. Workers
in developing countries c. People in developed countries d. No
people
31.
Which Indian industries have been hit by globalisation?
a. Cement
b. Jute
c. Toy making
d.
Information Technology (IT)
32. Which organisations strain on the
liberalisation of foreign investment and foreign trade?
a. International Monetary Fund b.
World Health Organisation
c. World Trade Organisation d. International
Labour Organisation
33. Tax on imports can be treated as
a. Collateral b. Trade Barriers c.
Foreign Traded d. Terms of Trade
34. The main reason behind MNCs investments are ______
a. To benefit
foreign countries
b. To provide
financial support to the country’s government
c. For the
welfare of underprivileged people.
d. To increase the assets and earn profits.
35. Which institute supports investments and foreign trade in India?
a. International Monetary Fund (IMF) b. World Trade Organisation (WTO)
c. World Bank
d. International Labour
Organisation (ILO)
36. When did the government remove the barriers for investment and
investment in India?
a) 1990 b) 1991 c) 1992 d) 1993
37. Rapid integration or
interconnection between countries is known as:
a. Privatisation b. Globalisation c. Liberalisation d. Socialisation
38. Globalisation
has led to improvement in living conditions:
a. of all the people b. of people
in the developed countries c. of
workers in the developing countries d. no people.
39. World
Trade Organisation (WTO) was started at the initiative of which one of the
following group of countries?
a. Rich countries b. Poor countries c. Developed countries d. developing countries
40. An
MNC is a company that owns or controls production in ____________
a. one country b. more than one country
c. only developing countries d. only developed countries
41.
Removing barriers or restrictions set by the government is called ________.
a. Liberalisation b.
Investment c.
Favourable Trade d.Free trade
42. Companies
who set up production units in the Special Economic Zones (SEZs) do not have to
pay taxes for an initial period of:
a. 2 years b. 5 years c. 4 years d. 10
years
43.
Investment made by MNC’s are termed as ________.
a.
Indigenous investment b. Foreign Investment
c.
Entrepreneur’s investment d.
Direct investment
43.It
refers to the globalisation which creates opportunities for all and ensures
that its benefits are better shared.
a Privatisation b Special Economic Zones (SEZs)
c World Trade Organisation (WTO) d Fair globalisation
44. What
was the main channel connecting countries in the past?
a Labour b Religion c Technology d Trade
45. ‘The
impact of Globalisation has not been fair.’ Who among the following people have
not benefitted from globalisation?
a Well off consumers b Small producers and workers
c Skilled
and educated producers d Large wealthy producers
46. Which
Indian company was bought over by Cargill Foods—a large American MNC? Pick out
the name from the alternatives provided
a Amul b Fun Foods Ltd. c Agro Tech Foods Ltd. d Parakh Foods
47. In
which year did the government decide to remove barriers on foreign trade and
investment in India?
a 1993 b 1992 c 1991 d 1990
48.
Which of the following industries have been hard hit by foreign
competition?
a Dairy
products b Leather industry
c Cloth
industry d Vehicle industry
49. Who
is the current chairman of the National Human Rights Commission?
a Justice A.S. Anand b
Justice H.L. Dattu
c Justice S. Rajendra Babu d Justice K. Balakrishnan
50. When changes have been made in the National Human Rights Commission Act?
a 2001 b
1999 c 2006 d
2016
SUBJECT: BUSINESS MATHEMATIC
MCQ (50
QUESTIONS)
1. Divide
the number 1000 into two parts such that the ratio is 2:3
(a)250,750 (b) 200,800 (c) 500,500
2.
a^2:b^2 is ……… ratio.
(a)
Triplicate ratio (b) Duplicate ratio (c) single ratio
3.The
ratio 40 cm to 1 m is
(a)2:5 (b)
3:5 (c) 4:5 (d) 5:2
4.There
are 30 boys and 20 girls in a class .The ratio of the number of girls to the
number of boys.
(a) 2:3 (b)
3:2 (c) 2:5 (d) 3:5
5.The
height of Apala is 150 cm. The height of paro is 120 cm .The ratio of the
height of Apala to the height of pari is
(a) 4:5 (b) 5:4 (c) 5:2 (d) 4:1
6 .The
Monthly salary of Hari kishan is RS 80000 The monthly salary of Manish is RS 40000
.How many times of the salary of Manish is the Hari kishan.
(a) 2Times
(b) 3 times
(c)
4 times (d) 8times
7 .A
ratio equivalent to 3:7 is
(a) 3:9
(b) 6:10 (c) 9:21 (d) 18:49
8.The
ratio 35:84 in Simplest form is
(a) 5:7 (b) 7:12
(c)
5:12 (d) 8:7
9. Two
numbers are in the ratio 7:9 .If the sum of the numbers is 112 ,then the largest
number is
(a) 49 (b) 72 (c) 63 (d) 42
10 The ratio of 1 hour to 300 seconds is
(a) 1:12
(b) 12:1 (c) 1:5 (d) 5:1
11. In
4:7:: 16:28 ,7 and 16 are called
(a) extreme terms (b) middle terms (c) single term (d)
Double term
12. If
12,21,72,126 are in proportion ,then
(a) 12×21= 72×126 (b)12×72=21×126
(c) 12×126= 21×72 (d)12×12=12×126
13. If x,y
and z are in proportion ,then
(a) x:y::z:x, (b) x:y::y:z
(c) x:y::z:y
(d) x:z::y:z
14. 7:12
is equivalent to
(a) 28:40 (b) 42:71 (c) 72:42(d) 42:72
15 The
value of m, if 3,18,m,42 are in proportion is:
(a) 6
(b) 54 (c) 7 (d) 8
16
The length and the width of a field are
in the ratio 5:3 .if the width of the field is 42 m then length is:
(a) 100m
(b) 80 m (c) 50m (d) 70 m
17 The
first, second and fourth terms of a proportion are 16,24 and 54 respectively
.Then the third term is
(a) 36
(b) 28 (c) 48 (d) 32
18.If
a:b = 2:3 and b:c = 4:3 then find a:b:c
(a)
8:12:9 (b) 2:3:8
(c)
2:3:9 ( d) 2:3 12
19.
Find the fourth proportion to 2,3,6
(a) 18
(b) 12 (c) 9 (d) 4
20.
If 2:9::x:18 ,then find the value of x
(a) 2 (b) 3 (c)
4 (d) 6
21. The salary of A,Band C are in ratio 2:3:5 .If
the increment of 15%,10% and 20% are done to their respective salaries then
find the new ratio of their salaries .
(a) 20:33:60
(b) 21:33:60
(c) 22:33:60 (d) 23:33:60
22.
If two quantities are related in such a way that increase in 1 quantity causes
increase in other quantity ,then this variation is said to be
(a)
joint variation
(b) extreme variation
(c) Direct variation
(d) Inverse variation
23.If
two quantities are related in such a way that when 1 quantity increases the
other quantity decrease,ateden this variation is said to be
(a)Extreme
variation
(b)Joint
Variation
(c)
Direct variation
(d)
Inverse variation
24.
The ratio of the present age of father to that son is 7: 2 after 10 years their
age will be in the ratio of 9:4 the present ages of the father is
(a) 35
years (b) 40 years
(c) 30
years (d) 25 years
25.
If a:b= 7:5,b:c =9 :11 ,find a:b:c ?
(a) 63:14:55 (b) 63:45:55
(c)
14:14:15 (d) 7:14:15
26.
The price it which a commodity is actually sold in the market is known as
(a) list
prize (b) cost a prize
(c)net selling
price (d) BEP
27.If
the net selling price exceeds the cost price then there is
(a)profit (b)
loss
(c) no profit no loss
(d) break
even point
28.If
the cost price exceeds the need selling price then there is
(a) Profit (b) loss
(c) no
profit no loss
(d) break even point
29. The
final price after deducting all the discounts which is consider for the
transaction is called
(a)Discounted list price
(b) Net selling price
(c)List price
(d) Selling price
30.The
brokerage from buyer and seller are…….
while calculating total brokerage in a deal of the broker
(a)
Added (b) subtracted
(c) multiplied (d) divided
31.
The cash discount is calculated on
(a)net
selling price (b) cost price (c) discounted list price (d) none of these
32.The
difference between the market value and the net worth all the business is
(a)
Profit (b )loss
(c) Goodwill
(d) no
profit no loss
33.The
market price is also known as
(a) List
price(b) catalogue price (c) both a and B (d) none of these
34.
A trade discount is given on
(a) List
price
(b) reduce the list price
(c)
cash price (d) selling price
35.
If CP= 2000 profit = 10% find selling price
(a)3000
(b) 3200(c) 2200(d)200
36.
A del credere agent does the following
(a) Sales
goods(b) guarantees collection of dues(d)
both A&B (d) none of these
37.
Agent who guarantees the collection of dues from the customer is called
(a)
factor (b) Del credere (c) Guarantor (d) none of these
38
. A trader sold an article at rupees 14,000 with 40% profit its cost price is
(a) rupees 12,000
(b) rupees 10,000
(c) rupees 10,400
(d) rupees
3000
39.
By selling bags at rupees 120 per piece a shopkeeper made 50% profit the
percentage profit he will earn if he sells them at rupees 110 per piece is
(a)
37.5% ( b)36% (c) 38% (d) 40%
40.
By selling mobiles rupees 5000 each a trade made 20% profit if he wants 50%
profit then the mobiles should be sold at
(a)
Rupees 5500 (b) rupees 7000
(c) rupees 6000 (d) rupees 9000
41. The
net percentage profit is calculated on….
(a) selling price (b) cost price.
(c) invoice
price (d) market price
42. The
list price of a book is rupees 500 and it’s net selling price after allowing a
trade discount of 10% and a further cash discount of 2% is
(a) Rupees 450 (b)Rupeess 441
(c) rupees 430 (d) rupees 900
43. The net
percentage profit often article mark do 50% ever the cost price after giving
20% trade discount and 2% cash discount is
(a) 17.6%
(b)16%(c) 16.6% (d) none of these
44. Nitin
sold a LCD TV 24,000 and got 5%
Commission on it if his salary was rupees 15000 per month thus total payment he received in the
month is
(a)Rupees
16,000
(b)
rupees 17,400
(c) rupees
16,200
(d) rupees
9000
45 An
agent got 2% Commission from seller and 1% Commission from the buyer when a
flat was sold for rupees 30 lakhs the
total Commission he received was
(a) Rupees
1 lakh
(b) rupees 1,20,000
(c) rupees 1,50,000
(d) rupees 90000
(a) 46.
Find Cost price if Selling price = 3000 loss=
20%
(a) 3750
(b)2750(c) 2000 (d)500
47.Milind
received 3% Commission on sales of a scooter 8 rupees 40,000 and 2% on sales of
a car at rupees 3 lakhs. the total Commission he earned was
(a) Rupees 7200 (b)Rupees 7000 (c) rupees 8000 (d) none of
these
48. If x
: Y = 2: 3 and y:z= 4:3 ,then x:y:z is
7:11:10 (b) 8:11:9
(c) 10:12:11
(d) 8:12:9
49. If 12
,16,k and 20 are in the proportion, the value of k is
(a) 14 (b) 15(c) 16 (d) 20
50.
The triplicate ratio of 1:3 is
(a) 1:27
(b) 1:9
(c) 1 :26
(d) 3:5
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