FYBBI - SEM I - MCQ

 

MCQ........... 

Multiple Choice Questions for online examinations 2020-21.

 

SAMPLE MCQ FOR BETTER PRACTICE OF ACTUAL EXAMINATIONS.

IMPORTANT MCQ.......FOR ONLINE EXAMS

 

 

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.BBI- I SEM

 

ACCOUNTS

 

 

1.  An Ideal cash book is closed       ⚫ Daily       ◯  Annually       ◯  weekly       ◯  Monthly	(2 points)
2.  Recording of the business transaction in a systematic way is called       ◯  Accounting       ◯  Recording       ⚫ Bookkeeping       ◯  Journalizing	(2 points)
3.  Closing Stock appears on the ……….. Side of Adjusted Trial Balance.	(2 points)

      ◯  Adjustment

      ◯  credit

      ⚫ Debit

      ◯  Only income and Expenses Accounts

 

4.  Accounting for self-constructed Assets is covered by       ⚫ AS 10       ◯  AS 8       ◯  As 6       ◯  AS 9	(2 points)
5.  Business is said to be in a profit when       ◯  Expenditure exceeds income       ◯  Income exceeds liability       ◯  Assets exceed expenditure       ⚫ Income exceeds expenditure	(2 points)
6.  The method of valuation of closing stock is to       ◯  value it at cost or market price        ⚫ value it at cost or market price whichever is lower       ◯  value it at market price       ◯  Value it at cost	(2 points)
7.  Accounting Standard 10 is talking about        ◯  Disclosure of accounting policies       ◯  revenue recognition       ⚫ Accounting of Fixed Assets       ◯  Accounting for Depreciation	(2 points)
8.  When a Liability is decreased or reduced, it is registered on the       ⚫ Debit side or left side of the account	(2 points)

      ◯  Credit side or right side of the account

      ◯  Credit side or left side of the account

      ◯  Debit side or right side of the account

 

9. The statement containing various ledger balances on a particular date is known (2 points) as

      ⚫ Trial Balance       ◯  cash flow statement       ◯  fund flow statement.

      ◯  Balance sheet

 

10.  Significant Accounting Policies are disclosed.       ◯  in the accounting software       ◯  Along with the Balance sheet       ◯  in the books of accounts       ⚫ Along with financial Statement	(2 points)
11.  ……………. Method of valuation of stock is not recognized by accounting Standard-2        ◯  weighted average method       ◯  FIFO method       ◯  Specific identification method       ⚫ LIFO method	(2 points)
12.  Adjusted trial balance After passing Closing Entries shows the following….       ◯  Adjustment entries       ◯  Assets liabilities Income & Expenses A/cs       ◯  Only income and Expenses Accounts       ⚫ Only assets and liabilities A/c	(2 points)

F.Y.BBI- I SEM

 

ENVIRONMENT & MANAGEMENT OF FINANCIAL SERVICES

 

1.

One of the main objectives of ALM is to control ______________ risk

(2 points)

 

	⚫	Liquidity
	◯	Liability
	◯	Market
	◯	Business

 

2.

Banking Regulations act was passed in the year ___________

(2 points)

 

	⚫	1949
	◯	1956
	◯	1940
	◯	1934

 

3.

________ risk is risk arising out of human error.

(2 points)

 

	◯	Legal
	◯	Market
	⚫	Operational
	◯	Business

 

4.

An overdraft Facility is offered to    _____________ holder

(2 points)

 

	◯	Fixed deposit
	⚫	Current Account
	◯	Saving Accounts
	◯	Recurring Account

 

5.

._____________ talks about market Discipline.

(2 points)

 

	◯	Pillar I
	◯	Pillar III
	⚫	Pillar IV
	◯	Pillar II

 

6.

An RBI Cheque is considered to be valid for   ________________

(2 points)

 

	◯	4 Months
	◯	12 Months
	⚫	6 Months
	◯	3 Months

 

7.

A bill of exchange is an important investment widely used in the discharge of   Business _____________

(2 points)

 

	◯	Ideas
	◯	Settlements
	⚫	Obligations
	◯	Assets

 

8.

___________ estimates the maximum potential loss in a position over a given holding period for a given confidence level.

(2 points)

 

	◯	NII
	⚫	VAR
	◯	RMIS
	◯	BCBs

 

9.

Which is the non-financial risk ______________

(2 points)

 

	◯	Interest rate risk
	◯	Exchange risk
	⚫	Legal Risk
	◯	Liquidity risk

 

10.

Portfolio Management is a process of investment   _______________

(2 points)

 

	◯	Bank
	◯	Stock Market
	◯	Insurance
	⚫	Securities

 

11.

Who regulates the investments of funds by Insurance Companies ________________

(2 points)

 

	◯	Reserve Bank of India
	⚫	IRDA
	◯	Commercial bank
	◯	Mutual Funds

 

12.

Banking Regulations act was passed in the year’s    ___________

(2 points)

 

	◯	1934
	⚫	1949
	◯	1960
	◯	1956

F.Y.BBI- I SEM

 

MIRCO ECONOMICS

 

1.

Division of labour results into _________.

(2 points)

 

	◯	rising costs
	◯	economies of scale
	◯	diminishing returns
	⚫	labour economy

 

2.

The functional difference between economic cost and accounting cost is _______.

(2 points)

 

	◯	Conditional
	◯	Psychological
	⚫	Implicity and explicity
	◯	Academic

 

3.

Under dumping a monopolist’s demand curve in the world market is __________.

(2 points)

 

	◯	downward sloping
	◯	less elastic
	⚫	perfectly elastic
	◯	kinked demand curve

 

4.

Which of the following can be expected to have a flatter demand curve?

(2 points)

 

	⚫	plasma tv
	◯	salt
	◯	petrol
	◯	sugar

 

5.

Expenditure on advertisement constitutes __________.

(2 points)

 

	◯	production cost
	◯	fixed cost
	◯	average cost
	⚫	selling cost

 

6.

________ is the economics of business or managerial decision.

(2 points)

 

	◯	Macroeconomics
	◯	Indian economy
	⚫	business economics
	◯	Microeconomics

 

7.

Demand forecasting is always ___________.

(2 points)

 

	◯	trustworthy
	◯	accurate
	⚫	conditional
	◯	unreliable

 

8.

For a monopoly firm ________.

(2 points)

 

	⚫	AR>MR
	◯	AR=MR
	◯	AR=AC
	◯	AR<MR

 

9.

____________ is the cost that has already been incurred and which cannot be recovered.

(2 points)

 

	⚫	sunk cost
	◯	private cost
	◯	social cost
	◯	fixed cost

 

10.

Production refers to ____________.

(2 points)

 

	◯	creation of utilities
	◯	Production function
	◯	transformation
	⚫	producing output

 

11.

The market demand curve slopes ___________ from left to right.

(2 points)

 

	◯	horizontal
	◯	upward
	◯	vertical
	⚫	downward

 

12.

_________ involves a cost-benefit comparison of various business activities.

(2 points)

 

	◯	Demand analysis
	◯	Cost analysis
	⚫	Marginal analysis
	◯	Production analysis

F.Y.BBI- I SEM

 

Principles of Management

 

1.

…............ Means excuting employees leaving the job and new employees joining their job

(2 points)

 

	◯	employement turnover
	◯	sales turnover
	◯	service turnover
	⚫	labour turnover

 

2.

…......... Refers to the application of the knowledge and skills to achieve the desired result.

(2 points)

 

	⚫	art
	◯	science
	◯	social science
	◯	engineering

 

3.

K.V Kamath started his career serving the ICICI Bank in the …........... Division project.

(2 points)

 

	◯	hr
	◯	marketing
	⚫	finance
	◯	production

 

4.

principles of management are not …...... In nature.

(2 points)

 

	⚫	absolute
	◯	flexible
	◯	rigid
	◯	adaptable

 

5.

Dr. Bernanke was born in …......... In Augusta, Georgia.

(2 points)

 

	◯	December, 1954
	◯	December, 1955
	◯	December, 1956
	⚫	December, 1953

 

6.

…......... Served as the director of reserve bank of india, air india and the india fund.

(2 points)

 

	◯	Mr. Uday Kotak
	◯	Indra Nooyi
	⚫	Aditya birla
	◯	Naina Kidwai

 

7.

communication is ….............. Way process.

(2 points)

 

	◯	five
	◯	four
	⚫	two
	◯	three

 

8.

Lagarde joined …............... , a large Chicago - based international law firm, in 1981.

(2 points)

 

	⚫	Baker & Mc Kenziel
	◯	Prof. Harold koontz
	◯	Jim Young Kim
	◯	Barnard

 

9.

…......... Leads to increase in knowledge of executive.

(2 points)

 

	⚫	professionalisation
	◯	service
	◯	employement
	◯	globalisation

 

10.

The staff could be stable if their ….............. Are secured.

(2 points)

 

	◯	unemployment
	◯	business
	◯	government services
	⚫	jobs

 

11.

Kiran Majumdar shaw startred her career as a trainee in ….............. In malbourne.

(2 points)

 

	◯	Westpac Banking
	⚫	carloton and united berweries
	◯	BHP Group
	◯	Woolworths Group

 

12.

Ratan tata appointed chairman of tata industries in …..............

(2 points)

 

	◯	1984
	◯	1982
	⚫	1981
	◯	1983

F.Y.BBI- I SEM

 

QUANTITATIVE METHOD-I

 

 

1.

If F denotes Fisher's index number, L denotes Laspeyre's index number, and P denotes Paasche's index number, then F = ________

(2 points)

 

	◯	L+P
	⚫	Square root of (L x P)
	◯	L - P
	◯	L x P

 

2.

________ can be located with the help of a histogram.

(2 points)

 

	◯	Mean
	◯	Mode
	⚫	Decile
	◯	Standard deviation

 

3.

Quartile deviation is also known as ________

(2 points)

 

	◯	Combined range
	◯	Co-efficient of quartile range
	⚫	Quartile range
	◯	Median deviation

 

4.

Number of members in a family is an example of ________distribution

(2 points)

 

	◯	countable
	⚫	continuous
	◯	discrete
	◯	normal

 

5.

________ can not be calculated when one of the value is ZERO

(2 points)

 

	◯	Arithmetic mean
	⚫	Geometric mean
	◯	Combined mean
	◯	Harmonic mean

 

6.

In Paasche's index number, ________ years quantities are used

(2 points)

 

	◯	Only current
	◯	normal year
	◯	both base and current year
	⚫	Only Base

 

7.

Time given extra after the due date of premium is known as ______

(2 points)

 

	◯	Due date
	◯	Lapse
	◯	Maturity Period
	⚫	Grace

 

8.

Percentile devide the data into ________

(2 points)

 

	◯	1
	◯	10
	◯	1000
	⚫	100

 

9.

For the data: 8,1,4,5,9,3,2,7 range is

(2 points)

 

	◯	6
	◯	4
	◯	7
	⚫	8

 

10.

Deciles divide the data into ________equal parts.

(2 points)

 

	◯	5
	◯	15
	⚫	10
	◯	12

 

11.

If A and B are independent events then, conditional probability (A/B) = _____

(2 points)

 

	◯	P(A)
	⚫	P(A) - P(B)
	◯	P(B) - P(A)
	◯	P(B)

 

12.

coefficient of correlation lies between _______

(2 points)

 

	⚫	-1 to 1
	◯	0 to 1
	◯	-2 to 2
	◯	-1 to 0