TYBCOM - SEM VI - 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 V, and SEM VI  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

CLASS: T.Y.B.com- SEM 6 REGULAR

SUB: COMMERCE

 

 

MCQ

 

1). HRM ensures the availability of competent_____

a) Customers b) public c) Manpower d) clerical staff

 

2)  Interview is a                     communication between candidate and interviewer.

a) one way  b) two way  c) three way d) four way

 

3)  Employee's welfare includes ______

a) Counselling b) crèche facility c) promotion d) coaching

 

4) _____ refers to fitting the right person at the right place of work.

a) Recruitment b) selection c) Placement d) promotion

 

5)  _____ is a process of choosing the right person for the right job.

 a) Recruitment b) selection c) Placement d) promotion

 

6)  _____ is the process of estimating future manpower needs of the organization

a) recruitment of employees b) selection c) Placement d)  Human resource planning

 

7)                    Is a specific format to obtain information about candidates applying for the job.  

 a)  Application blank b) application format c) standard format d) appointment format

 

8) ____                test measures the skills and knowledge required for a job.

A) Performance b) GK c) interest d) personality

 

9)  Human Resource Managers need to align HRM policies with ____ strategy

a) Competitors b) government c) Corporate d) public

 

10)  ___          is handled by a junior executive in respect of selection of employees. 

a) Medical check b) Initial screening c) final interview d) selection

 

11)  Human resource __        involves human resource requirements forecast.

 a) Planning b) development c) management d) placement

 

12) ____ analysis is the process of studying and collecting information relating to operations and responsibilities of a specific job

a) Job b) role c) cost benefit d) strategy

 

13)             ___ manager plays an important role in counselling and stress management.

a) HR b) finance c) marketing d) production

 

14)                   ____ is a process of searching and attracting capable candidates to apply for the job

a) Selection b) induction c) Recruitment d) job application

 

15) ___               test is conducted to judge specific talent or skill to handle particular type of job

a) Aptitude b) interest c) intelligence d) specific

CLASS: T.Y.B.COM -VI SEM REGULAR

 

SUB : COST ACCOUNT

 

 

MCQ

 

Q1. This represents the total value of finished goods in stock.

a)    General ledger adjustment Account

b)    Stores ledger control Account

c)    Work-in-progress Account

d)   Finished goods control Account

 

Q2. A document which is a classified record of material issues, return and transfers

a)    Material acquisition note                             c) Material transfer note

b)    Material return Note                                     d) Material Issue Analysis sheet

 

Q3.  Which of the following accounts makes the cost ledger self balancing?

a)    Overhead adjustment account                  c) Cost ledger control account

b)    Costing P& L account                                d) Production overhead account

 

Q4. The Double Entry for the Factory Cost of Production in a cost ledger is

a)    Cost of sales A/c   Dr

Finished goods control A/c Cr

b)   Finished goods control A/c Dr

WIP Control A/c Cr

c)    Costing P&L A/c Dr

Finished goods control A/c Cr

d)    WIP Control A/c Dr

Finished goods control A/c Cr

Q5. The following documents are used in accounting for raw material:

a)    Goods receive note                                     c) Material requisition note

b)    Material return note                                     d) Delivery note

 

Q6. The raw materials issued to a job were overestimated and the excess is being sent back to the material store. What document is required?

a)    Store credit note                                           c) Materials return note

b)    Stores debit note                                          d) Materials transfer note

 

Q7. The work in progress control account is not debited with:

a)    Direct materials and direct labour             c) production overhead

b)    Direct expense                                             d) selling and distribution overhead

 

Q8. The application of factory overheads usually would be recorded as an increase in

a)    Cost of goods sold                                       c) factory overhead control

b)    Work-in-progress control                                    d) finished goods control

 

Q9. Stores issue to factory repairs order is recorded as

a)    Stores ledger A/c Dr

To Production overhead A/c

b)    Profit & Loss A/c Dr

To Stores Ledger A/c

c)    Production overheads control A/c Dr

To Stores ledger A/c

d)    Stores ledger A/c Dr

To Profit & loss A/c

 

Q10. The debit balance of the overheads adjustment account may be transferred to

a)    Cost of sales account                                 c) Finished goods account

b)    Profit & loss A/c                                            d)work-in-progress A/c

 

Q11. The use of indirect material would usually be reflected as an increase in

a)    Stores control                                               c) Manufacturing overhead applied

b)    Work-in-progress Control                           d)Manufacturing overhead control

 

Q12. W Corporations production department used Rs. 64000 of material to manufacture products during may. Which one of the following is one effect of recording this transaction?

a)    Raw material increased by Rs 64000

b)    Manufacturing overhead increase by Rs 64000

c)    Cost of goods sold increased by Rs 64000

d)   Work-in-progress increased by Rs. 64000

CLASS: TYB.com – VI SEM REGULAR

 

SUB: BUSINESS ECONOMICS

 

 

MCQ

 

1.____________ Disequilibrium refers to a persistent deficit on a surplus in the balance of payments of a       country.

a)    Short-term                                               b) structural

c)  Long-term                                               d) medium term       

 

        2.___________ means decline in the rate of exchange of domestic currency in terms of foreign currency.

a)    Deflation                                                  b) Exchange depreciation

c)  Devaluation                                             d)  Over valuation

 

3.___________ means reducing the value of domestic currency in terms of foreign country.

a)    Depreciation                                           b) Devaluation

c)    Deflation                                                d) appreciation

 

4.___________ refers to the restrictions on the use of foreign exchange by the central bank.

a)    Exchange control                                 b) Devaluation

c)   Depreciation                                          d) Import

 

5.____________ refers to duties on imports to restrict imports.

a)    Quotas                                                     b) Tariffs

c)   Import                                                      d) export

 

6.WTO refers to __________.

a)    World Trade Order                                 b) World Transport Organization

c)    World Trade Organization               d) Word health organization

 

7.TRIM’s refers to ___________.

a)    Tariffs Related Investment Methods   b) Trade Related Investment Measures

c)    Trade Related Intellectual Methods  d)  Trade & tariff

 

8.TRIP’s refers to __________.

a)    Trade Related Intellectual Property Rights

b)    Transport Related Investment Property Rights

c)    Trade Related Investment Personal Rights

d)    Trade related institute rights

 

 

9.GATS refers to __________.

a)    General Arrangement on Tariff Services

b)   General Agreement on Trade in Services

c)    Government Agreement on Trade Services

d)    General agreement of terms services

 

 

10.Agreement on ____________ provide for treatment of foreign investment on per with domestic investment.

a)    TRIM’s                                                     b) TRIP’s

c)    AOA                                                        d) MOA

 

11.Agreement on ___________ deals granting patent right to the natives.

a)    TRIM’s                                                     b) TRIP’s

c)    AOA                                                        d) WTO

 

12.____________ means integrating the domestic economy with the world economy.

a)    Global economy                                     b) Globalization

c)    Global integration                                d) Liberalization

 

13.As a member of WTO India has removed ____________ restrictions on foreign trade since April 2001.

a)    Quantitative                                           b) Tariff

c)    Duty                                                        d) Trade

 

14.Balance of payment is a _____________.

a)    Systematic record of all trade transaction between two countries.

b)   Systematic record all economic transaction between the residents of one country and the residents of the rest of the world in a year.

c)    Systematic records of all debts to and debts from other countries.

d)    Systematic records of all records.

 

 

15.Balance of Trade is a ____________ concept than Balance of Payments.

a)    Broader                                                    b) Narrower

c)    Unrelated                                               d) Related   

CLASS: TYBCOM

 

 

SUBJECT:INDIRECT TAX

 

 

1.Aakash academy , a registered person in Bhopal provides training and coaching services for JEE for IIT Kota. Many students(who are unregistered persons) from all over India came and stayed at Kota for this purpose. The place of supply will be

A]Bhopal B]Kota C] All the states of India D]Mumbai

 

2.The certificate of registration granted to a casual taxable person shall be valid for

A]period specified in the application for registration

B] 90 days

C] period specified in the application for registration or 90 days whichever is earlier

D] period specified in the application for registration or 90 days whichever is later

 

3.GST stands for _______________

A] Goods and Supply Tax       B] Goods and Sales Tax 

 C] Goods and Services Tax   D] Goods and Simple Tax 

4. In India, GST structure is _______ in nature.

               A] Dual B] single C] triple D] quadruple

 

5.GST was introduced in India on ?

A] 1-4-2017 B] 01-07-2017 C] 01-03-2017 D] 01-05-2017

 

 6. Supply of following is not liable to GST

       A] Alcoholic  liquor for medicinal consumption   B] Alcoholic  liquor for human consumption

      C] Alcoholic  liquor for industrial consumption    D] Alcoholic  liquor for animal consumption

  

    7. HSN code stands for :

                A] Harmonised system number  B] Home Shopping Network  C] Home State Number

                D] Harmonised System of Nomenclature

   

     8. The item which will be taxable under both GST as  well Central Excise Law  even after

            implementation of the GST Act.   

                A] motor spirit B] natural gas C] Tobacco and Tobacco products 

              D] Alcoholic liquor for human consumption

 

       9. Which of the following taxes have not  been subsumed under GST?

              A] VAT B] luxury tax C] Service tax  D] Stamp duty

 

       10. The __________ is the chairperson is GST council.

             A] Union Finance Minister B] State Finance minister C] President D] Home minister

 

       11. Compensation  under Goods And Service Tax Compensation Act, 2017,will be provided to a state for a period of ______ years from  the date on which the state brings its SGST act into force.

A] Three B]Four C]Five D]Two

 

       12. Gifts  not exceeding  __________ in value in a financial year  by an employer to an employee

shall not be treated as supply of goods or both.

A] 50,000 B]60,000 C]70,000 D]35,000

  13. Temporary transfer or permitting the use or enjoyment of  any intellectual property

 right shall be  treated as __________

A] supply of goods  B] supply of service C] neither supply of goods nor supply of service

D] either supply of goods or a supply of service 

T.Y.B.COM – VI SEM-REGULAR

 

SUB : COMPUTER SYSTEM AND APPLICATION

 

MCQ

 

          1.  ________ is used to convert all the letters in word to upper case.

          a.   PROPER()               b.UPPER()                  c.LOWER()                  d.TRIM()

          2.  __________ allows you to solve for more than one variable.

          a.   GOAL SEEK          b.SCENARIO              c.SOLVER                  d.MACRO

          3.  =FIXED(1234.567,1) gives the following value

          a.   1234.5                      b.1234.6                        c.1234                           d.1234.7

          4.  ________ returns only the current time.

          a.   DATEVALUE()     b.NOW()                      c.DAYS360()               d.DATE()

 

          5.  ________ returns day of the week such as ‘Sunday’, ‘Monday’ etc.

          a.   DATE()                   b.TIME()                      c.WEEKDAY()           d.YEAR()

 

          6.  In ____________ the values in the first column must be in the ascending order in any case.

          a.   LOOKUP()              b.HLOOKUP()             c.VLOOKUP()            d.HORIZONTALOOKUP()

 

          7.  ANSWER OF THE DAYS360() is always less than or equal to _____.

          a.  365                           b.360                             c.359                             d.366

 

          8.  YEAR() always returns answer as ______ digits

          a.   2                               b.3                                 c.4                                 d.1

          9.  __________ gives month of the year for given serial number of date text(i.e. date in quotes)

          a.   DATE()                   b.MONTH()                c.MONTHVALUE()    d.DAYS360()

 

          10. ___________is used to get only current date.

          a.  TODAY()               b.NOW()                       c.DATE()                      d.DATEVALUE()

 

          11. ______ function is used to find characters from middle  of the string.

          a.   RIGHT()                  b.MID()                        c.LEFT()                       d.TEXT()

          12. __________ function is used to remove all the blank spaces except single blank spaces between two words.                                   

          a.   LTRIM()                  b.RTRIM()                    c.TRIM()                      d.ALLTRIM()