SYBAF - SEM III - MCQ

 

ONLINE EXAMS PREPARATIONS

IMPORTANT - SAMPLE  MCQ FOR EXAMS.

 

Multiple Choice Questions

 

 

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

S.YBAF - III SEM

 

 FOUNDATION COURSE-III

 

1.

_________ is mainly due to certain misconceived religious beliefs and the problem of dowry.

(2 points)

 

	◯	Forced marriage
	◯	Emotional abuse
	⚫	Female Foeticide
	◯	Child labour

 

2.

Bonded labour system Act, ______

(2 points)

 

	⚫	1976
	◯	1977
	◯	1979
	◯	1978

 

3.

________ speaking is the process of speaking to a group of people in a structured Manner.

(2 points)

 

	◯	Individual
	◯	Group
	⚫	Public
	◯	Positive

 

4.

________ introduced empiricism.

(2 points)

 

	◯	Leucippus
	◯	Plato
	◯	Pythagoras
	⚫	Aristotle

 

5.

__________ barriers occur due to differences in meaning attached to words or signs used in communication.

(2 points)

 

	⚫	Semantic
	◯	Cross-cultural
	◯	Organisational
	◯	Physical

 

6.

_________ is one of the important elements of communication.

(2 points)

 

	⚫	Listening
	◯	Team building
	◯	Leadership
	◯	Retention

 

7.

_________ Produced the first systematic discussions of natural philosophy.

(2 points)

 

	◯	Leucippus
	◯	Aristotle
	◯	Pythagoras
	⚫	Plato

 

8.

________ refers to specialised language.

(2 points)

 

	⚫	Jargon
	◯	Perception
	◯	Emotion
	◯	Retention

 

9.

The Payment of Gratuity Act, _________

(2 points)

 

	◯	1971
	◯	1951
	◯	1952
	⚫	1972

 

10.

The aim of _________ is to reduce the affected area to its previous state.

(2 points)

 

	⚫	Recovery phase
	◯	Mitigation
	◯	Prevention
	◯	Response phase

 

11.

The internet is an _______ system of computer communication.

(2 points)

 

	◯	external
	⚫	internal
	◯	negative
	◯	positive

 

12.

__________ Communication attracts attention of the listeners.

(2 points)

 

	◯	Listening
	◯	Verbal
	◯	Leadership
	⚫	Non-verbal

 

S.Y.BAF- III SEM

 

BUSINESS ECONOMICS

 

1.

The point where the aggregate demand and the aggregate supply curves intersect is called…

(2 points)

 

	◯	Total demand
	◯	Non - Equilibrium demand
	⚫	Effective demand
	◯	Equilibrium demand

 

2.

During recession

(2 points)

 

	◯	Bank credits grows rapidly
	◯	Idle funds are channelized into productive areas
	⚫	Growth rate may remain above the steady  growth
	◯	Growth rate is below the steady growth

 

3.

Income terms of trade tells increased capacity to

(2 points)

 

	◯	Investment
	⚫	Import
	◯	Export
	◯	Payments

 

4.

The purpose of fiscal policy is to

(2 points)

 

	◯	Offer insight into the way things work
	◯	Change people’s attitudes towards government
	⚫	Alter the direction of the economy
	◯	Educate people as to the importance of economics

 

5.

Protection is provided through

(2 points)

 

	⚫	Tariffs
	◯	Restriction on production
	◯	Demand and supply
	◯	Domestic taxes

 

6.

FRBM act has _______ major objectives.

(2 points)

 

	⚫	5
	◯	3
	◯	4
	◯	7

 

7.

Inflation is beneficial to

(2 points)

 

	◯	Low income group
	⚫	Fixed income group & creditors
	◯	Fixed income group
	◯	Creditors

 

8.

Foreign direct investment refers to

(2 points)

 

	◯	Loans from IMF
	◯	Grants from the World Bank
	◯	Loans from RBI
	⚫	Investment by multinationals

 

9.

Keynes put forward his theory of income & employment in his book ”General Theory Of Employment , Interest & Money” published in  ….

(2 points)

 

	◯	1934
	⚫	1936
	◯	1937
	◯	1935

 

10.

Transaction demand for money is explained by

(2 points)

 

	◯	Post Keynesian economist
	◯	Neo-classical economists
	⚫	Classical economist
	◯	Modern economist

 

11.

The difference between total expenditure  and total receipts is

(2 points)

 

	⚫	Budget deficit
	◯	Fiscal deficit
	◯	Revenue deficit
	◯	Primary deficit

 

12.

In international trade

(2 points)

 

	⚫	Commodities move between countries instead of factors.
	◯	Factors of production move between the countries
	◯	There is difference in price of the products.
	◯	Both factors and commodities move between the countries

 

S.Y.BAF- III SEM

 

BUSINESS LAW

 

1.

A minor can be admitted to the benefits of partnership only with the ____ of other partners.

(2 points)

 

	⚫	Consent
	◯	Verification
	◯	Coercion
	◯	Voting

 

2.

The principle of partnership is based on _______.

(2 points)

 

	◯	sharing of losses
	⚫	sharing of profits
	◯	No profit No Losses
	◯	sharing of both

 

3.

Dissolution of the LLP occurs through _____.

(2 points)

 

	◯	Government
	⚫	Court
	◯	Registrar
	◯	Managing Director

 

4.

A process for making, altering, repairing, washing, cleaning, preserving, generating, pumping, or storing is called as _____ process.

(2 points)

 

	◯	None of above.
	◯	Transmission
	◯	Distillation
	⚫	Manufacturing

 

5.

The LLP has ______ succession.

(2 points)

 

	◯	Perpetual
	⚫	unlimited
	◯	Temporary
	◯	Limited

 

6.

The LLP Act came into being in the year ____.

(2 points)

 

	⚫	2007
	◯	2009
	◯	2008
	◯	2006

 

7.

The Factories Act came into being in the year _____

(2 points)

 

	◯	1950
	◯	1949
	◯	1947
	⚫	1948

 

8.

The power to investigate the affairs of the LLP act is given to _____.

(2 points)

 

	◯	State government
	◯	Central Government
	⚫	Lokpal
	◯	Registrar

 

9.

When the partner transfers his shares in the firm, the transferee is called as _____ partner.

(2 points)

 

	◯	Dormant
	⚫	Sub
	◯	Active
	◯	Sleeping

 

10.

Where a partner stands as a principle for himself and as an agent on behalf of his partners then it is called ________.

(2 points)

 

	⚫	Mutual Agency
	◯	Mutual Trust
	◯	Mutual Beneficial
	◯	Mutual Representation

 

11.

Children can be allowed to be employed in a factory if he/she has completed ___ years age.

(2 points)

 

	⚫	14
	◯	12
	◯	18
	◯	16

 

12.

An unlisted _____ company can be converted into LLP

(2 points)

 

	⚫	Public
	◯	Private
	◯	Foreign
	◯	Government

S.Y.BAF- III SEM

 

COST ACCOUNTING-II

 

1.

Interest on capital will be paid to the partners if provided for in the agreement but only from

(2 points)

 

	⚫	Current profits
	◯	Goodwill
	◯	Reserves
	◯	Accumulated profits

 

2.

In Absence of an agreement partners are entitled to

(2 points)

 

	◯	Salary
	◯	Commission
	◯	Profit share in capital ratio
	⚫	Interest on loan

 

3.

Currency other than the reporting currency of an enterprise

(2 points)

 

	⚫	Foreign currency
	◯	US dollars
	◯	Non reporting currency
	◯	Indian rupees

 

4.

On amalgamation of a firm, ___ account is opened

(2 points)

 

	◯	P and L Suspense
	⚫	Realization
	◯	Deficiency
	◯	P and L adjustment

 

5.

Money held and assets and liabilities to be received or paid in fixed or determinable amounts of money

(2 points)

 

	◯	Current items
	⚫	Monetary items
	◯	Forward exchange contract
	◯	Non-monetary items

 

6.

If purchase consideration is more than the net assets taken over, in the books of the company taking over the firm, the differences is

(2 points)

 

	◯	Credited to reserve
	◯	Debits to realization
	◯	Debited to security premium
	⚫	Debited to goodwill

 

7.

After all Excess capital are paid the balance cash is paid to the partners

(2 points)

 

	◯	Unequal
	◯	Equally
	◯	In the ratio to their unit capital
	⚫	In their profit sharing ratio

 

8.

Following is not the example of a monetary item

(2 points)

 

	◯	Cash
	◯	Receivables
	⚫	Fixed assets
	◯	Payables

 

9.

On dissolution a secured creditor could only partly recover his dues out of the amounts realized from the concerned assets. The remaining amount is treated as

(2 points)

 

	◯	As preferential creditors
	⚫	As unsecured creditors
	◯	As non-recoverable
	◯	As secured creditors

 

10.

Excess capital method Is different from

(2 points)

 

	⚫	Maximum loss method
	◯	Surplus capital method
	◯	Highest relative capital method
	◯	Capital loss method

 

11.

Shares or debentures received from company on sale of firm are distributed amongst the partners

(2 points)

 

	◯	Equity
	⚫	In specific ratio as determined by partners
	◯	Cannot be determined
	◯	In ratio of capital

 

12.

Exchange rate

(2 points)

 

	⚫	Is the ratio for exchange of two currencies
	◯	Is the exchange rate at the balance sheet date
	◯	Is the rate at which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transactions
	◯	Is the mean of the exchange rate in force during a period

S.Y.BAF- III SEM

 

FINANCIAL ACCOUNTING-III

 

 

1.

Interest on capital will be paid to the partners if provided for in the agreement but only from

(2 points)

 

	⚫	Current profits
	◯	Goodwill
	◯	Reserves
	◯	Accumulated profits

 

2.

In Absence of an agreement partners are entitled to

(2 points)

 

	◯	Salary
	◯	Commission
	◯	Profit share in capital ratio
	⚫	Interest on loan

 

3.

Currency other than the reporting currency of an enterprise

(2 points)

 

	⚫	Foreign currency
	◯	US dollars
	◯	Non reporting currency
	◯	Indian rupees

 

4.

On amalgamation of a firm, ___ account is opened

(2 points)

 

	◯	P and L Suspense
	⚫	Realization
	◯	Deficiency
	◯	P and L adjustment

 

5.

Money held and assets and liabilities to be received or paid in fixed or determinable amounts of money

(2 points)

 

	◯	Current items
	⚫	Monetary items
	◯	Forward exchange contract
	◯	Non-monetary items

 

6.

If purchase consideration is more than the net assets taken over, in the books of the company taking over the firm, the differences is

(2 points)

 

	◯	Credited to reserve
	◯	Debits to realization
	◯	Debited to security premium
	⚫	Debited to goodwill

 

7.

After all Excess capital are paid the balance cash is paid to the partners

(2 points)

 

	◯	Unequal
	◯	Equally
	◯	In the ratio to their unit capital
	⚫	In their profit sharing ratio

 

8.

Following is not the example of a monetary item

(2 points)

 

	◯	Cash
	◯	Receivables
	⚫	Fixed assets
	◯	Payables

 

9.

On dissolution a secured creditor could only partly recover his dues out of the amounts realized from the concerned assets. The remaining amount is treated as

(2 points)

 

	◯	As preferential creditors
	⚫	As unsecured creditors
	◯	As non-recoverable
	◯	As secured creditors

 

10.

Excess capital method Is different from

(2 points)

 

	⚫	Maximum loss method
	◯	Surplus capital method
	◯	Highest relative capital method
	◯	Capital loss method

 

11.

Shares or debentures received from company on sale of firm are distributed amongst the partners

(2 points)

 

	◯	Equity
	⚫	In specific ratio as determined by partners
	◯	Cannot be determined
	◯	In ratio of capital

 

12.

Exchange rate

(2 points)

 

	⚫	Is the ratio for exchange of two currencies
	◯	Is the exchange rate at the balance sheet date
	◯	Is the rate at which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transactions
	◯	Is the mean of the exchange rate in force during a period

 

S.Y.BAF- III SEM

 

INFORMATION TECHNOLOGY IN ACCOUNTANCY-I

 

1.

Which amongst the following is a disadvantage of computer networks?

(2 points)

 

	◯	Resource Sharing
	◯	Increased Storage
	⚫	Security Issues
	◯	Increased Cost Efficiency

 

2.

Which of the following is not an application software?

(2 points)

 

	⚫	Windows 10
	◯	Adobe Illustrator
	◯	Microsoft Word
	◯	Microsoft Access

 

3.

SPAM is an Internet slang that means______.

(2 points)

 

	◯	Useful Mails
	◯	Stock Market
	⚫	Unwanted Messages
	◯	Old Messages

 

4.

_____________ is Googles free email service.

(2 points)

 

	◯	Snail Mail
	⚫	Gmail
	◯	Yahoo Mail
	◯	Hotmail

 

5.

_______ is a protocol jointly developed by Mastercard and Visa

(2 points)

 

	◯	SSL
	◯	SHTTP
	◯	PPP
	⚫	SET

 

6.

Ecommerce where buying and selling takes place between and among businesses is know as ?

(2 points)

 

	⚫	B2B
	◯	C2C
	◯	B2G
	◯	B2G

 

7.

What is the full form of “SEO”?

(2 points)

 

	◯	Service Entry Optimization.
	◯	Search Entry Optimization
	⚫	Search Engine Optimization
	◯	Secure Engine Optimization

 

8.

DDos stands for __________.

(2 points)

 

	⚫	Distributed Denial of Service
	◯	Distributed Discord Of Service
	◯	Denial Distributed Of Saturation
	◯	Distributed Denial Of Start

 

9.

What is the shortcut to create a New Document in Microsoft Word?

(2 points)

 

	⚫	CTRL+N
	◯	CTRL+ Return
	◯	ALT+D
	◯	WIN+N

 

10.

What is the shortcut to start a presentation from the beginning in Microsoft PowerPoint?

(2 points)

 

	◯	F3
	◯	Alt+F4
	⚫	F5
	◯	F11

 

11.

The .Edu domain is used by?

(2 points)

 

	⚫	Educational Enterprise
	◯	Commercial Enterprise
	◯	Government Entity
	◯	Military Entity

 

12.

. DNS stands for _________.

(2 points)

 

	◯	Drive Name Server
	⚫	Domain Name System
	◯	Device Node server
	◯	Domain Net Server