FYBCOM - SEM I - MCQ

MCQ – Multiple Choice Questions

 

SAMPLE MCQ / IMPORTANT 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 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.BCOM- I SEM

 

COMMERCE-I

 

1.

Analysis of ______________ environment indicates strengths and weaknesses of the organisation.

(2 points)

 

	◯	Internal
	⚫	External
	◯	National
	◯	International

 

2.

_________ refers to reduction of Government control over business sector.

(2 points)

 

	⚫	Liberalisation
	◯	Privatisation
	◯	Socialism
	◯	Globalisation

 

3.

________ refers to buying and selling of goods across national boundaries.

(2 points)

 

	◯	Retail trade
	⚫	External trade
	◯	Wholesale trade
	◯	Home trade

 

4.

A partnership firm may have to register Under Indian partnership Act ___________

(2 points)

 

	⚫	1932
	◯	1962
	◯	1931
	◯	2013

 

5.

___________ fills the knowledge gap.

(2 points)

 

	◯	Banking
	◯	Insurance
	◯	Mercantile
	⚫	Advertising

 

6.

________ refers to commercial activities relating to production and distribution of goods and services.

(2 points)

 

	⚫	Business
	◯	Ownership
	◯	Entrepreneur
	◯	Social Responsibility

 

7.

Trading blocs result in _________ creation.

(2 points)

 

	◯	Restricted area
	⚫	Trade
	◯	Disputes
	◯	conflict

 

8.

The _________ objectives are also called as three-fold objectives of business.

(2 points)

 

	⚫	Organic
	◯	Social
	◯	National
	◯	Human

 

9.

____________ environment relates to human population.

(2 points)

 

	◯	Micro
	⚫	Demographic
	◯	Natural
	◯	Macro

 

10.

____________ refers to transformation of a loss-making unit into a profitable one.

(2 points)

 

	⚫	Turnaround strategy
	◯	Take overs
	◯	Mergers
	◯	Acquisition

 

11.

Entrepreneurs need to take ____________ decision

(2 points)

 

	◯	reactive
	◯	Proactive
	◯	Flexible
	⚫	Quick

 

12.

____________ industries are engaged in the production of primary goods.

(2 points)

 

	⚫	Primary
	◯	Genetic
	◯	Extractive
	◯	Manufacturing

F.Y.BCOM- I SEM

 ECONOMICS

 

1.

the supply curve in the market period is always____________

(2 points)

 

	◯	relatively elastic
	◯	perfectly elastic
	◯	relatively inelastic
	⚫	perfectly inelastic

 

2.

econometric method combine economics and ___________

(2 points)

 

	⚫	statistics
	◯	history
	◯	jurisprudence
	◯	law

 

3.

An/A __________ firm is the firm which produces at the lowest average cost.

(2 points)

 

	◯	monopoly firm
	◯	inefficient firm
	⚫	optimum
	◯	oligopoly firm

 

4.

an isoquant represents various combinations of two inputs giving the__________ level of output

(2 points)

 

	◯	less
	◯	different
	⚫	same
	◯	more

 

5.

_________ lines separate the economic region from the non-economic region on an iso-quant.

(2 points)

 

	◯	Vertical
	◯	horizontal
	◯	straight
	⚫	ridge

 

6.

the law of increasing Returns operates when the marginal product is __________

(2 points)

 

	◯	decreasing
	◯	negative
	◯	constant
	⚫	increasing

 

7.

for all neutral goods the income elasticity is _________

(2 points)

 

	◯	infinite
	◯	<1
	⚫	zero
	◯	>1

 

8.

Average cost ___________ due to increasing returns to scale.

(2 points)

 

	⚫	decreases
	◯	increases
	◯	multiplies
	◯	remains constant

 

9.

increase in demand is shown by a/an ___________ in demand curve.

(2 points)

 

	◯	downward shift
	◯	downward movement
	◯	upward movement
	⚫	upward shift

 

10.

______________ concept indicates the change in total revenue and total cost due to unit change.

(2 points)

 

	◯	average
	⚫	marginal
	◯	incremental
	◯	variable

 

11.

isoquants___________ intersect each other

(2 points)

 

	◯	do
	⚫	do not
	◯	may not
	◯	may

 

12.

_______________ curve is called as envelope curve

(2 points)

 

	◯	average product curve
	⚫	long run average Cost curve
	◯	marginal product curve
	◯	short run average cost curve

F.Y.BCOM- I SEM

 ENVIRONMENTAL STUDIES

 

 

1.

Countries located near the sea have ______________ location.

(2 points)

 

	⚫	Maritime
	◯	Insular
	◯	Continental
	◯	Coastal

 

2.

The nature of the environmental Studies is _____________.

(2 points)

 

	⚫	Dynamic
	◯	Utility
	◯	Culture
	◯	Need

 

3.

The word forest is derived from latin ‘foris’ meaning ‘__________’

(2 points)

 

	◯	Between
	◯	Inside
	⚫	Outside
	◯	Middle

 

4.

All the ___________ are the non-recyclable resources.

(2 points)

 

	◯	Exhaustible
	◯	Chemical
	⚫	Fossil fuels
	◯	Mechanical

 

5.

Which one of the following pairs of gases are the major causes of “ Greenhouse effect”?

(2 points)

 

	⚫	CO2 and N2O
	◯	CO2 and CO
	◯	CFCs and SO2
	◯	CO2 and O3

 

6.

___________ is basically harnessing of wind power to produce electricity.

(2 points)

 

	⚫	Wind energy
	◯	Water
	◯	Electricity
	◯	Solar energy

 

7.

______________ are animals which can eat both plants and animals.

(2 points)

 

	⚫	Omnivores
	◯	Herbivores
	◯	Autotrophs
	◯	Heterotrophs

 

8.

The organisms which feed on dead organisms and excreta of living organisms are known

(2 points)

 

	⚫	Decomposers
	◯	Consumers
	◯	Carnivores
	◯	Producers

 

9.

An ecosystem comprises of two basic components viz  abiotic and __________

(2 points)

 

	⚫	Biotic
	◯	Location
	◯	Land
	◯	Climate

 

10.

_____________ are also called the primary consumers.

(2 points)

 

	⚫	Herbivores
	◯	Autotrophs
	◯	Heterotrophs
	◯	Carnivores

 

11.

Solar energy is the energy derived from the sun through the form of _____________

(2 points)

 

	◯	Wind
	⚫	Solar radiation
	◯	Electricity
	◯	Water

 

12.

Biotic environment includes

(2 points)

 

	◯	Decomposers
	◯	Producers
	⚫	All of the above
	◯	Consumers

F.Y.BCOM- I SEM

 

FINANCIAL ACCOUNTING

 

1.

Accounting Standard 2 by the ICAI defines inventory as

(2 points)

 

	⚫	Assets held for sale in the ordinary course of business
	◯	Current liabilities
	◯	Fixed assets
	◯	Current assets

 

2.

Valuation of inventories is governed by

(2 points)

 

	◯	Companies Act
	⚫	Accounting Standard 2 by the ICAI
	◯	Accounting standard 6 by ICAI
	◯	Income-tax Act

 

3.

Which of the following is not debited to Departmental Profit and Loss account?

(2 points)

 

	◯	Rent and Rates
	◯	Salaries
	⚫	Carriage inward
	◯	Electricity

 

4.

“Lower of cost or market rule' is an example of which concept?

(2 points)

 

	◯	Matching
	⚫	Conservatism
	◯	Consistency
	◯	Realization

 

5.

The depreciation on an asset purchased through hire purchase should be

(2 points)

 

	⚫	Based on the cost price of the asset only
	◯	Under straight line method only
	◯	Nil, till final payment is made
	◯	Based on the total cost including interest

 

6.

In the case of a manufacturer, opening stock of finished goods is shown

(2 points)

 

	◯	On the Credit side of Trading Account
	◯	On the Assets side of the Balance Sheet
	⚫	On the debit side of Trading Account
	◯	On the Debit Side of Manufacturing Account

 

7.

The inventory system keeping accounting records that continuously disclose the amount of inventory is called

(2 points)

 

	◯	Retail
	◯	Physical
	◯	Periodic
	⚫	Perpetual

 

8.

Interest charged on the hire purchase should appear in the profit and loss account in what manner?

(2 points)

 

	⚫	The interest relating to only that period should be included
	◯	Interest should be charged equally over the period of hire purchase
	◯	Entire interest should be in the profit and loss a/c of the year of last installment
	◯	Entire interest should be in the profit and loss a/c of the year of first installment

 

9.

Under the Periodic Inventory System, closing stock is ascertained

(2 points)

 

	⚫	By taking an actual physical count of all the inventory items on hand on a particular date
	◯	by deducting value of sales from value of purchases
	◯	on estimate basis
	◯	From the stock ledger itself, after each receipt and issue.

 

10.

AS 9 does not deal with revenue arising from:

(2 points)

 

	◯	service contracts
	⚫	construction contracts
	◯	sale of goods
	◯	interest

 

11.

Manufacturing Account is closed by

(2 points)

 

	⚫	Debiting Trading A/c and Crediting Manufacturing A/C
	◯	Debiting Manufacturing A/c and Crediting Trading A/C
	◯	Debiting Profit & Loss A/c and Crediting Manufacturing A/C
	◯	Debiting Manufacturing A/c and Crediting Profit & Loss A/C

 

12.

Which of the following is not allocated in the sales ratio?

(2 points)

 

	◯	Commission on sales
	◯	Advertisement
	⚫	Carriage inward
	◯	Bad debts

 

F.Y.BCOM- I SEM

FOUNDATION COURSE

--------------------------------------------------------------------------------------------

 

1.

India is the __________ largest country by area in the world.

(2 points)

 

	◯	Fourth
	◯	Second
	⚫	Seventh
	◯	Tenth

 

2.

Majority of the tribals are engaged in _____________ sector.

(2 points)

 

	⚫	Agricultural
	◯	Industrial
	◯	Business
	◯	Services

 

3.

The main aim of every political party is to promote ______________

(2 points)

 

	⚫	National Interest
	◯	Socialism
	◯	Secularism
	◯	Communalism

 

4.

___________ refers to the attachment towards one’s own region.

(2 points)

 

	◯	Casteism
	⚫	Linguism
	◯	Regionalism
	◯	Communalism

 

5.

The __________ is the first citizen of the city.

(2 points)

 

	◯	President
	⚫	Mayor
	◯	Nagar Sevak
	◯	Governer

 

6.

____________ means creating peace among a community.

(2 points)

 

	◯	Justice
	◯	Republic
	⚫	Communal harmony
	◯	Tolerance

 

7.

The major cause of declining Sex ratio is ___________

(2 points)

 

	◯	Child marriage
	◯	Smoking
	⚫	Poverty
	◯	Pollution

 

8.

______________ functions at taluka level.

(2 points)

 

	◯	Zilla Parishad
	⚫	Panchayat Samiti
	◯	Mayor
	◯	Gram Panchayat

 

9.

___________ is a serious form of conjunctivitis.

(2 points)

 

	◯	Glaucoma
	◯	Astigmatism
	◯	Cataract
	⚫	Trachoma

 

10.

Denial of share in property is a form of _____________ violence.

(2 points)

 

	◯	Spiritual
	⚫	Domestic
	◯	Psychological
	◯	Social

 

11.

The word ___________ envisages the goal of a ‘ Welfare State’.

(2 points)

 

	◯	Secular
	◯	Sovereign
	◯	Republic
	⚫	Socialist

 

12.

The word ____________ means equal respect for all religions.

(2 points)

 

	◯	Socialist
	◯	Sovereign
	◯	Republic
	⚫	Secular

 

F.Y.BCOM- I SEM

 

 MATHEMATICS

--------------------------------------------------------------------------------------------

 

1.    If the face value of a share is ` 10 and it is traded at a 19% premium, then its    (2 points) market price is _____.

      ◯  19

      ◯  8.1

      ◯  10.19

      ⚫ 11.9

 

2.    The value of a share printed on the share certificate or in its initial public offer (2 points) is called _____.

      ◯  Premium value

      ⚫ Face value       ◯  Return value

      ◯  Market value

 

3.    _____ of the feasible region that optimizes the objective function Z is called (2 points) _____.

      ◯  Feasible, Solution

_⚫ Vertices, Optimal

◯  Corners, feasible solution

      ◯  Boundary, optimal feasible solution

 

4.    Offer price is also known as _____.          (2 points)

      ⚫ Sale Price

      ◯  NAV

      ◯  Repurchase Price

      ◯  Redemption Price

 

5.    _____ cannot be calculated in case of distribution with open end classes.          (2 points)

      ◯  Median

      ⚫ Arithmetic Mean

      ◯  Quartiles

      ◯  Mode

 

6.    Consider an event of drawing a card from a pack of 52 cards. Find the number (2 points) of ways in which a card drawn is either a diamond or a heart.

      ◯  104

      ◯  88       ⚫ 26

      ◯  169

 

7.    NAV means _____.           (2 points)

      ◯  Net Assets / Initial number of units

      ◯  Current market value of Assets / Number of units

      ◯  Face value of units / Number of units

      ⚫ (Market value of Asset – Liabilities) / Unit outstanding

 

8.    The median of the given series of observations 46, 33, 34, 38, 40, 52, 56, 58 is  (2 points)

      ◯  40

      ◯  52

◯ 56

⚫ 43

 

9.        If the face value of a share is ` 10 and it is trade at a 23% premium, then its    (2 points) market price is _____.       ◯  25.3       ⚫ 12.3       ◯  22.3       ◯  20.7   10.    The charge to an Investor at the time of he redeems his units from the fund is (2 points)
known as _____.       ◯  Redemption charge       ◯  Recovery charge       ◯  Repurchase charge       ⚫ Exit load
11.  The value of 5C4 × 4C2 is       ◯  1440       ⚫ 30       ◯  4140       ◯  1040	(2 points)
12.  The value of 8P3 + 7P2 is       ◯  564       ◯  654       ⚫ 378	(2 points)

      ◯  645