SYBCOM - SEM III - 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.

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ANSWERS ARE HIGHLIGHTED IN BOLD

S.Y.BCOM-III SEM

BUSINESS LAW

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1.

Consent is defined under section _____

(2 points)

 

	⚫	13
	◯	16
	◯	14
	◯	15

 

2.

The offeree gives a new offer after rejection of the original offer is called as ______.

(2 points)

 

	◯	cross-offer
	◯	standing offer
	◯	invitation to offer
	⚫	counter-offer

 

3.

Where the lines of crossing bear the name of the banker is called as _____.

(2 points)

 

	⚫	Special crossing
	◯	General crossing
	◯	Account payee
	◯	Bank cheque

 

4.

Sale of goods act deals with ______ property.

(2 points)

 

	◯	governmental
	◯	immovable
	⚫	movable
	◯	mental

 

5.

Bills of exchange have ______ parties.

(2 points)

 

	◯	2
	◯	4
	◯	5
	⚫	3

 

6.

The term negotiable under the N.I Act, 1881 means _____.

(2 points)

 

	◯	Implied
	⚫	transferable
	◯	value
	◯	Written

 

7.

Pledge is defined under section ______ of the act.

(2 points)

 

	◯	173
	⚫	172
	◯	170
	◯	171

 

8.

In case of cheque the payment is given by the bank and they are called as ______.

(2 points)

 

	◯	Payee
	◯	Drawer
	◯	None of the above
	⚫	Drawee

 

9.

A contract which is done on the conduct of the parties is called as _____ contract.

(2 points)

 

	◯	Void
	◯	Voidable
	⚫	Implied
	◯	Express

 

10.

In a contract of guarantee the person who gives the guarantee is called as ______.

(2 points)

 

	⚫	Surety
	◯	Debtor
	◯	Creditor
	◯	None of above

 

11.

A sale creates a right in _____.

(2 points)

 

	⚫	rem
	◯	Privity
	◯	None of above
	◯	Personam

 

12.

Cheque is defined under section ___ of the N.I. Act, 1881

(2 points)

 

	⚫	6
	◯	4
	◯	7
	◯	5

S.Y.BCOM-III SEM

 

COMMERCE-II

 

1.

___________ of management refers to the different categories of managers.

(2 points)

 

	◯	Skills
	◯	Order
	⚫	Levels
	◯	Titles

 

2.

_____________ function of management facilitates SWOT analysis

(2 points)

 

	◯	Organising
	◯	Directing
	⚫	Planning
	◯	Controlling

 

3.

The word gang plank is associated with _______.

(2 points)

 

	◯	Remuneration
	⚫	Scalar chain
	◯	Equity
	◯	Research

 

4.

The lower level managers coordinate the activities of _________.

(2 points)

 

	◯	Top level
	⚫	Subordinates
	◯	Middle level
	◯	Lower level

 

5.

Decision making is ____________.

(2 points)

 

	⚫	An art
	◯	A profession
	◯	An occupation
	◯	A science

 

6.

_______ is a statement of anticipated results.

(2 points)

 

	◯	MBO
	◯	Vision
	⚫	Budget
	◯	Schedule

 

7.

On the basis of _________ analysis the management sets the goals.

(2 points)

 

	⚫	SWOT
	◯	SHGS
	◯	SWAP
	◯	SWOB

 

8.

Communication ____________ pleasant human relation.

(2 points)

 

	◯	Breaks
	⚫	Develops
	◯	Fears
	◯	Guides

 

9.

Planning helps to __________ risks.

(2 points)

 

	⚫	Minimize
	◯	Enhance
	◯	General
	◯	Eliminate

 

10.

Quality circle is __________ group of employees.

(2 points)

 

	⚫	voluntary
	◯	Designated
	◯	Complicated
	◯	Compelled

 

11.

________ is the sum total of physical, mental and social qualities.

(2 points)

 

	⚫	personality
	◯	Initiative
	◯	Administrative
	◯	Intelligence

 

12.

Ethos is originally a ________ word that signifies character.

(2 points)

 

	⚫	Indian
	◯	Roman
	◯	Latin
	◯	Greek

S.Y.BCOM-III SEM

 

ECONOMICS

 

 

1.  In which of the following phase the economy registers an upward trend in output, income & employment?       ⚫ Recovery       ◯  Recession       ◯  Depression       ◯  Prosperity	(2 points)
2.  Which of  the following is the sum of all income actually received by the people in the country?       ⚫ Personal income       ◯  National income       ◯  GNI       ◯  GDP	(2 points)
3. According to which law the supply creates its own demand?	(2 points)

◯  Pigou’s

⚫ Say’s

      ◯  Keynes’

      ◯  Samuelson’s

 

4.  ………. First developed the Cambridge version of the quantity theory of money       ◯  David Ricardo       ◯  J.S. mill       ◯  Adam smith       ⚫ Alfred marshall	(2 points)
5.  GNI is an open economy is equal to       ◯  GDP + (X – M)       ◯  GDP + (R – P)       ◯  GDP + (X –P)       ⚫ GDP + (X – M) + R – P	(2 points)
6.  MEC refers to what type of return from an investment?       ◯  Actual profit       ◯  Expected rate of interest       ◯  Actual loss       ⚫ Expected rate of profit	(2 points)
7.  Which of the following is not a direct cause of demand – pull inflation?       ◯  Black money       ⚫ Scarcity of raw material       ◯  Deficit financing       ◯  Credit creation	(2 points)
8. Which of the following type of economy deals with the rest of the world? ◯  Closed ⚫ Open	(2 points)

◯ Only developing

      ◯  Only developed

 

9.        According to whom wages are non flexible downwards?          (2 points)

      ⚫ Keynes

      ◯  Say

      ◯  Classical economist

      ◯  Pigou

 

10.    During recession (2 points)

      ◯  Growth rate is below the steady growth

      ◯  Bank credits grows rapidly

      ◯  Idle funds are channelized into productive areas

      ⚫ Growth rate may remain above the steady growth

 

11.    The value of multiplier is related to        (2 points)

      ⚫ MPS       ◯  MPC

      ◯  APS

      ◯  APC

 

12.    The point where the aggregate demand and the aggregate supply curves (2 points) intersect is called       ◯  Equilibrium demand

      ◯  Total demand

      ◯  Non-equilibrium demand

      ⚫ Effective demand

S.Y.BCOM-III SEM

 

FINANCIAL ACCOUNTING

 

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

 

1.

After all excess capitals are paid, the balance cash is paid to partners in

(2 points)

 

	◯	ratio of capital
	◯	equally
	⚫	profit sharing ratio
	◯	pro rata basis

 

2.

Bank loan obtained by hypothecation of stock is treated as

(2 points)

 

	◯	Preferential creditors
	⚫	secured creditors
	◯	non-recoverable
	◯	unsecured creditors

 

3.

In absence of partnership agreement, partners share profits and losses in the ________ ratio.

(2 points)

 

	◯	2:3
	⚫	equal
	◯	capital
	◯	1:2

 

4.

A partner as __________ of the firm.

(2 points)

 

	◯	third party
	◯	employee
	⚫	Agent
	◯	debtor

 

5.

When a partner is given guarantee my other partner, loss on such guarantee will be borne by

(2 points)

 

	◯	Partnership firm
	⚫	partner who gave guarantee
	◯	partner with highest profit sharing ratio
	◯	all the other partners

 

6.

Salaries and wages payable by a firm as on the date of dissolution is treated as

(2 points)

 

	◯	secured creditors
	◯	non-recoverable
	◯	unsecured creditors
	⚫	Preferential creditors

 

7.

If the old ratio is 3:2 and a new partner is admitted giving him 1/6th share in profits.  Then the sacrificing ratio will be

(2 points)

 

	◯	1:1
	⚫	3:2
	◯	1:2
	◯	2:3

 

8.

Interest on partner’s capital is an

(2 points)

 

	◯	gain
	◯	loss
	◯	expense
	⚫	appropriation

 

9.

On amalgamation of the firm, ____________ account is opened.

(2 points)

 

	◯	deficiency
	◯	profit and loss adjustment
	◯	P& L suspense
	⚫	realization

 

10.

On amalgamation, assets and liabilities of the vendor firm are transferred to

(2 points)

 

	⚫	realization account
	◯	capital accounts
	◯	new firm’s account
	◯	profit and loss account

 

11.

All indirect expenses are debited to

(2 points)

 

	⚫	P&L A/c
	◯	Trading A/c
	◯	current A/c
	◯	capital A/c

 

12.

The liability of the partners in a firm is_________

(2 points)

 

	◯	zero
	◯	Limited
	◯	partly limited.
	⚫	unlimited

S.Y.BCOM-III SEM

 

FOUNDATION COURSE

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

 

1.

Article __________of the constitution of India includes rights of equality.

(2 points)

 

	◯	16
	◯	20
	⚫	15
	◯	14

 

2.

The highest number of SC are in __________

(2 points)

 

	⚫	UP
	◯	Maharashtra
	◯	telangana
	◯	Gujarat

 

3.

_____________ communication is the type of communication with the use of words.

(2 points)

 

	◯	proxemics
	◯	non verbal
	⚫	Verbal
	◯	eye contact

 

4.

Depression is one of the type of ______________ effect of disaster.

(2 points)

 

	◯	social
	⚫	psychological
	◯	Economic
	◯	physical

 

5.

Semantic barriers is also called as _________.

(2 points)

 

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

 

6.

____________ involves design, invention and production.

(2 points)

 

	◯	electronics
	◯	research
	◯	science
	⚫	Technology

 

7.

_____________ is small group of people within a country differing from main population in race, religion, language, etc.

(2 points)

 

	◯	disabled person
	⚫	minorities
	◯	Women
	◯	children

 

8.

Horizontal communication is type of _____________

(2 points)

 

	◯	Verbal
	◯	non verbal
	◯	informal
	⚫	formal

 

9.

Article ________ of the constitution of India has abolished the practice of untouchability.

(2 points)

 

	◯	16
	◯	14
	⚫	17
	◯	15

 

10.

As per 2011 census, STs comprise about ________ % of india’s population.

(2 points)

 

	⚫	8.6%
	◯	16%
	◯	8%
	◯	16.6%

 

11.

CAM stands for _______________

(2 points)

 

	◯	Computer aided machine
	◯	Computer aid manufacturing
	◯	Computer aided machanics
	⚫	Computer aided manufacturing

 

12.

According to study, members of organization spend their ____________ of the  time in listening.

(2 points)

 

	◯	22%
	◯	4%
	⚫	63%
	◯	11%

S.Y.BCOM-III SEM

 

INTRODUCTION TO MANAGEMENT ACCOUNTING

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

 

1.

A sound capital expenditure decisions will ________   overall growth of company.

(2 points)

 

	◯	Unchanged
	◯	NPV
	◯	Decrease
	⚫	Increase

 

2.

Strategic Information is needed for ____________.

(2 points)

 

	◯	Daily
	◯	Short range planning
	⚫	Long range planning
	◯	Medium range planning

 

3.

A high GP ratio indicates _________.

(2 points)

 

	◯	High net sales
	◯	High sales
	⚫	Low cost of production
	◯	High cost of production

 

4.

Profitability index =  ____________.

(2 points)

 

	◯	PV of cash inflow
	⚫	PV of cash inflow/PV of cash out flow
	◯	PV of cash inflow – cost of investment
	◯	Total cash inflow – Cost of investment

 

5.

The focus of management accounting is on _____________.

(2 points)

 

	◯	Tax preparation
	⚫	Internal reporting
	◯	Auditing
	◯	External reporting

 

6.

Calls in arrears will reduce the __________.

(2 points)

 

	◯	Borrowed Fund
	◯	Current Liability
	◯	Current Assets
	⚫	Owner’s fund

 

7.

Cash working capital includes cost of inventory excluding _________

(2 points)

 

	⚫	Depreciation
	◯	Fixed assets
	◯	Loss
	◯	Profit

 

8.

Volume of strategic information is ___________.

(2 points)

 

	⚫	Condensed
	◯	Summarized
	◯	Detailed
	◯	Irrelevant

 

9.

Knowledge derived from recorded fact is __________

(2 points)

 

	◯	Data
	◯	Truth
	◯	Planning
	⚫	Information

 

10.

Current assets - current liabilities = ___________.

(2 points)

 

	◯	Fixed Assets
	◯	Profit
	⚫	Net working capital
	◯	Capital employed

 

11.

Another term for short term investment is ____________.

(2 points)

 

	⚫	Marketable securities
	◯	Shares
	◯	Fixed Assets
	◯	Govt. Bonds

 

12.

The expenditure incurred on fixed assets are expected to give return over _________.

(2 points)

 

	◯	Two years
	◯	Five years
	⚫	A no. of years
	◯	One year