LECTURER IN COMMERCE - KERALA COLLEGIATE EDUCATION.pdf (Size: 1.24 MB / Downloads: 0)

1. No liquidation takes place in the case of :
(A)Amalgamation
(B) Absorption
(C ) Internal Reconstruction
(D) External Reconstruction

2. The intrinsic value of equity shares is :
Total funds availabe for equity shareholders Total number of equity shares
(A)Total funds available for equity shareholders Total number of preference shares
(B)Total funds available for preference shareholders Total number of equity shares
(C )Total funds available for preference shareholders }Total number of preference shares


3.The liquidator's final statement of account is prepared :
(A)Only in case of creditors voluntary winding up
(B)Only in case of members voluntary winding up
(C )Only in case of compulsory winding up by the court
(D)Whatever may be the mode of winding up

4.The profit included in the closing stock on the date of consolidation is :
(A)Net profit
(B)Unrealized profit
(C ) Gross profit
(D) Unearned profit

5.Calculate the .MWCA from the following :
OpeningClosing
Debtors50007000
Creditors40004600
Index No.100120
Average index for the year 110
MWCA
(A) 320
(B) 460
(C ) 3000

6.Amortization of an intangible assetmeans :
(A) Purchasing asset
(B)Selling asset
(C ) Recording the asset in books
(D)Writing off over estimated

7.A cash flow statement reveals : 
(A) Net cash flow during a period
(B)Cash profit
(C ) Cash receipts alone
(D)Cash payment alone

8.Divisible profits do not include : 
(A) Reserve fund
(B)Profit and loss account balance
(C ) Revaluation reserve
(D)Insurance fund

9.A company offers two shares for every Five held to its shareholders. The issue price is Rs. 14 and the market priceis Rs. 19. What is the market value of aRight?
(A)14.3
(B)1.43
(C ).143
(D)143

10.Treatment of revenue items as capital is an example of :
(A)Error of omission
(B)Error of commission
(C )Error of principle
(D)Clerical errors

11.Which of the following methods of valuing stocks will give the lowest gross profit ?
(A)LIFO
(B)FIFO
(C )HIFO
(D)NIFO

12.Under_____________Plan, the rate of bonus payable to the workers will increase along with increase in efficiency.
(A)Accelerated Premium Bonus Plan
(B)Fmmerson's Efficiency Bonus Plan
(C )Barth Variable Bonus Plan
(D)Gnatt's Task Bonus Plan

13.The total cost of indirect material, indirect labour and indirect expenses is called :
(A)Production overhead
(B)Office and administrative overhead
(C ) Selling and distribution overhead 
(D) None of the above

14.The difference between sales volume and the marginal cost sales is called 
(A) Total cost
(B) Contribution 
(C ) Fixed cost 
(D) Variable cost


15.In___________contract with 'Escalation clause', the contractor can claim for increase in prices of inputs to the agreed extend.
(A)Fixed price
(B)Cost plus
(C )Government
(D)Public

16.If the actual loss is less than the normal loss, the difference is considered as :
(A)Process Gain
(B)Process Loss 
(C )AbnormalGain
(D)AbnormalLoss

17.___ __ is calculated by taking the difference in standard output and actual output
multiplied by the standard variable overhead rate.
(A)Variable production overhead expenditure variance.
(B)Variable production overhead cost variance.
(C ) Variable production overhead variance.
(D)Variable production overhead efficiency variance.

18.An increase in sales price :
(A)Increases the BFP
(B)Decreases the BEP
(C )BEP remains same
(D)None of the above

19.In___________budgeting all activities are re-evaluated each time when a budget is set.
(A)Performance
(B)Program
(C )Zero-Base
(D)Participative

20.Dairy industry uses____________costing.
(A)Unit
(B)Batch
(C )Job
(D)Contract

21.Present performance of an employee is determined largely from____________.
(A)Appraisal evaluation
(B)Advisory evaluation
(C )Supervisory evaluation
(D)Job

22.Hawthorne Studies is related to which stage of the organisational behaviour evolution ?
(A)Industrial revolution
(B)Scientific management
(C ) Organisational behaviour
(D) Human relations movement

23.From lowest to highest order, how can we arrange Abraham Maslow's five classes of needs ?
(A)Social-esleem-physiological-safety-self-actualization
(B)Physiological-safety-social-self-actualization-esteem
(C )Physiological-safety-social-esteem-self-actualization
(D)Self-actualization-esteem-safety-social-physiological

24.Which one of the following designs the appraisal process ?
(A)Workshop
(B)Factory
(C )Department
(D)Management

25.The principle of parity of authority and responsibility is concerned with ____.
(A)Co-operation
(B)Co-ordination
(C )Decentralisation
(D)Delegation

26.__________refers to the number of subordinates a superior can effectively handle.
(A)Decentralisation
(B)Span of control
(C )Leadership
(D)Divisionalisation

27.What is the exact meaning of management by exception ?
(A)Managing policy matters at the top and leaving the rest to be handled by subordinates.
(B)Completing the work in time.
(C )Commanding the subordinates so that they' may complete the work in lime.
(D)Criticising the workers for whatever they have done.

28.__________ is a general term applying to the entire class of drives, desires, needs, wishes
and similar forces.
(A)Communication
(B)Motivation
(C )leadership
(D)Wants

29.For the successful practising of__________, the three strategies such as Do It Right First Time (DIRFT), Just In Time (JIT) and Zero Defects (ZD) are to be combined.
(A)Total Quality Management
(B)Quality circles
(C ) Benchmarking
(D) Total Cost Management

30.__________is the formulation of plans for a given future period in numerical terms.
(A)Budgeting
(B)Budget
(C ) Budgetary control
(D) Budget manual

31.Bond washing transaction is an example of:
(A)Tax management
(B)Tax Planning
(C )Tax evasion
(D)Tax avoidance

32.Which of the following Assessee has 3 residential status ?
(A) Company 
(B) AOP
(C ) HUF
(D) Firm

33.Income from salary of an MP is taxable under the head :
(A)Salary
(B) Capital gain
(C ) Income from other sources
(D) Income from profession

34.Difference between GTI and TT is due to :
(A)Exceptions 
(B) Deductions 
(C ) Concession 
(D) Allowances

35.PLA stands for :
(A)Personal Ledger Account 
(B) Personal Loss Account
(C ) Profit and Loss Account
(D) None of these

36.Section 80 D of the IT Act 1961 deals with :
(A)Deduction of Life insurance premium
(B)Deduction of accident insurance premium
(C )Deduction of family planning premium
(D)Deduction of mediclaim premium

37.Service tax came into force in India w.e.f. :
(A) 1 -4- 1994
(B)1 -7-1994
(C )1 -4 -1995
(D) 1-7-1995

38.Ex-party assessment is the same as that of:
(A) Self assessment
(B) Belated assessment
(C ) Best judgment assessment
(D) Compulsory best judgment assessment

39.Which of the following statement is true ?
(A)Tax avoidance is illegal
(B)Tax management is a part of tax planning
(C )Income tax will not be considered while preparing the union budget
(D)Cent percentage of sales tax on petrol is the revenue of the state government

40.In capital structure decisions/ debt can be included in capital if :
(A)ROI is more than the rate of borrowing
(B)KOI is less than the rate of borrowing 
(C ) KOI is equal to the rate of borrowing
(D) None of these

41.MIS helps in :
(A) Planning
(B) Managing
(C ) Decision making
(D) Controlling

42.Online systems come under :
(A)TPS
(B)DSS
(C )EIS
(D)FRP

43.Which of the following subsystems of MIS, assist managers in making unstructured decisions ?
(A)TPS
(B)DSS
(C )OAS
(D)IRS

44.Long range decisions are called :
(A)Strategic decisions
(B)Tactical decisions
(C )Medium Term decisions
(D)Rational decisions

45.Which of the following is not a function of MIS ?
(A)DataGathering 
(B)DataProcessing 
(C )Data Storage 
(D)DataAnalysis

46.LAN might be connected to a WAN through a_______________.
(A)Router
(B)Gateway
(C )Booster
(D)Bridge

47.VPN stands for:
(A)Virtual Protocol Network
(B)Value Private Network
(C )Virtual Private Network
(D)None of the above

48.Which one is the Data Hierarchy ?
(A)(i)Data Item(ii)Data File(iii)Data Record(iv)Database
(B)(i)Data Record(ii)Data Item(in)Data File(iv)Database
(C )(i)Data Item(ii)Data Record(iii)Data File(iv)Database
(D)Data Item(ii)Database(iii)Data Record(iv)Data File

49.Communication devices are an example of:
(A) Hardware
(B) Software
(C ) Database
(D) None of these

50.__________allows two or more persons to have 'face to face' communication with a group separated by long distances.
(A)Browsing
(B)Facsimile
(C )Video-Conferencing
(D)VOIP

51.The facility under which banks can borrow funds from RBI on the basis of their Net Demand and Time Liabilities is called :
(A)Liquidity AdjustmentFacility
(B)Repo Facility
(C )Marginal Standing Facility
(D)LiquidityMaintenance Facility

52.Offshore derivative instruments which are issued by His to foreign investors arc called :
(A)Global Depository Receipts
(B)Participatory Notes
(C )Swaps
(D)Derivative Certificates

53.In which analysis is Location Quotient used ?
(A)Economic Analysis
(B)Industry Analysis
(C )Company Analysis
(D)Technical Analysis

54.Which of the following is a measure of volatility of difference between fund return and benchmark return ?
(A)Tracking Error
(B)Treynor's Index
(C )Jensen's Measure
(D)Swing Index

55.In a Public Issue, what is the minimum application size by an Anchor Investor ?
(A)Rs. 5 crore
(B)Rs. 8 crore
(C )Rs. 10 crore
(D)Rs. 20 crore

56.Which of the following is not a continuation pattern in Technical Analysis 
(A)Triangle
(B)Mags
(C )Pennants
(D)Wedge

57.Three factor model for evaluating portfolio was developed by :
(A)Eugene Fama
(B)Sharpe.W.E.
(C )Mossin. J.
(D)Shiller. R.

58.Company 'X' has paid Rs. 5 as dividend per share during the last financial year. Shareholders anticipate 10% decline in dividend in the next year. What is the present value of the stock if the anticipated return is 15% ?
(A)Rs. 12
(B)Rs. 16
(C )Rs. 18
(D)Rs. 20


59.Standard deviations of two securities A and 11 are 5 and 8 respectively and their correlation coefficient is 0.8. What is the covariance between A and B ?
(A)32
(B)10.4
(C )16.25
(D)50

60.Under the Prevention of Money Laundering Act, 2002, every intermediary shall maintain the records as required under this Act for a period of:
(A)2 Years
(B)3 Years
(C )5 Years
(D)10 Years

61.Repo rate announced by RBI on 281,, January 2014 is____________.
(A)7%
(B)8%
(C )6.5%
(D)4%

62.Clause 49 of the Listing Agreement Specifies that not less than _____of the Board of Directors comprises of non-executives directors.
(A)25%
(B)33.33%
(C )50%
(D)75%

63.NPA is a credit facility in respect of which the interest and/or principal has remained over due for___________.
(A)90 days
(B)180 days
(C )360 days
(D)60 days

64.Basel III Capital Regulations in India will be fully implemented from______
(A) January 1, 2013
(B)March 31, 2018
(C ) September 30, 2015
(D) April 1, 2016

65.In India, TISCO conducted the first social audit in the year_________.
(A)1979
(B)1993
(C )2002
(D)2005

66.Turnover to fixed assets ratio is 1 : 1.5, value of goods sold is Rs. 8 lakh. What will be the value of fixed assets ?
(A)Rs. 6 lakh
(B)Rs. 16 lakh
(C )Rs. 9 lakh
(D)Rs. 12 lakh

67.Section 80 D of the Income Tax Act, 1961 deals with :
(A)Medical treatment of disabled persons
(B)Investment in equity linked saving schemes
(C )Medical insurance premium
(D)Interest on loan for higher education

68.Which of the following is not included in the micro environment ?
(A)Suppliers
(B)Economic
(C )Public
(D)Customers

69.Which is not a level of brand loyalty ?
(A) Brand preference
(B) Brand recognition
(C ) Brand insistence
(D) Brand equity

70.Submitting an insurance policy back to the insurer before maturity is called______.
(A)Assignment
(B)Nomination
(C )Surrender
(D)Revival

71.A good scientific research is characterized by :
(A)It requires clear articulation of a goal
(B)It follows specific plan and procedure
(C )It accepts certain critical assumptions
(D)All the above

72.To understand human behavior and reasons over a long period of time one has to do :
(A)Historical study
(B)Quasi experimental study
(C )Longitudinal study
(D)Cross sectional study

73.Teaching and learning arrangements, usually in small groups, that are structured to produce active participation in learning is :
(A)Symposium
(B)Seminar
(C )Conference
(D)Workshop

74.Directly useful application of scientific principles to production is called :
(A)Knowledge
(B)Science
(C )Technology
(D)Research

75.Which of the following qualities a researcher must have ?
(A)Curious about the world
(B)Logical and systematic
(C )Intellectually honest
(D)All the above

76.The most effective teaching method that ensures maximum participation of students is :
(A)lecture method
(B)Text book method
(C )Discussion method
(D)Demonstration method

77.Which of the following is the most important indicator of quality of education in a school ?
(A)Infrastructural facilities
(B)Qualification of teachers
(C )Discipline maintained in the school
(D)Students' achievements

78.Which of the following is not a quality of effective teacher ?
(A)Less interaction in the class
(B)Adopt interactive method of teaching
(C )Reduce the anxiety level of students
(D)Motivate the students to take initiative

79.Which of the following can be achieved through value education ?
(A)To inculcate of virtues
(B)Develop job skills
(C )Aware on physicalfitness
(D)Development of personality

80.Teaching method where purposeful activity that will remove a recognized difficulty or perplexity in situation through the process of reasoning is :
(A)Inquiry method
(B)Problem solving method
(C )Reflective method
(D)None of the above

81._____________of The Constitution of India directs the State to organize village panchayats and endow them with powers and authority to function as units of self-governments.
(A)Article39
(B)Article 40
(C )Article42
(D)Article46

82.Article____________of The Constitution of India imposes a duty upon citizens to uphold and protect the sovereignty, unity and integrity of India.
(A)51-A
(b)(B)51-A (j)
(C )51-A(C )
(D)51-A(f)

83.All-India services can be created by The Parliament as empowered under____________of The Constitution of India.
(A)Article312
(B)Article 312-A
(C )Article313
(D)Article 310

84.Freedom as to payment of taxes for promotion of any particular religion is guaranteed under Article___________of The Constitution of India.
(A)26
(B)27
(C )28
(D)29

85.In Sedan Singh v New Delhi Municipality AIR 1989 SC 1988, The Supreme Court was called upon to decide whether______________.
(A)Municipal authorities can impose restrictions on slaughter houses under Article 19(6)
(B)Employees had a fundamental right to resort to strike without notice
(C )Local authorities can levy a tax retrospectively
(D)Hawkers had a fundamental right to carry on their trade on pavements meant for pedestrians

86.First appeal under Section 19(1) of The Right to Information Act 2005 has to be preferred within ___________days from the expiry of period for receipt of information or from date of decision.
(A) fifteen
(B) thirty
(C ) forty-five
(D) sixty

87.As per Section 4(l)(C ) of The National Green Tribunal Act 2010, The 'tribunal shall consist of a minimum of______________full-time expert members.
(A)five
(B)twenty
(C )fifteen
(D)ten

88.As per Section 22(1 )(b) of The Transplantation of Human Organs Act 1994, no court shall take cognizance of an offence except on complaint filed by a person who has given notice of not less than ________ days to the Appropriate Authority, of the alleged offence and his
intention to make the complaint.
(A)thirty
(B)sixty
(C )ninety
(D)fifteen

89.As per Section 10(1) of The Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act 1989, a special court can pass an extemment order against a person likely to commit offence, and direct him not to return to the concerned area for such period not exceeding ________________as may be specified in the order.
(A)six months
(B)one year
(C )two years
(D)five years

90.According to Rule 2(j) of The Noise Pollution (Regulation and control) Rules 2000,* 'Night Time' has been defined as the period between______________.
(A)10 pm and 6 am
(B)10 pm and5 am
(C )10 pm and 7 am
(D) 9.30 pm and 6.30 am

91.Who was the founder of 'Sadhu Jana Paripalana Sangham' ?
(A)Sree Narayana Guru
(B)Ayyankali
(C )Chattampi Swamikal
(D)SahodaranAyyappan

92.The social organisation in Kerala, 'Samathwa Samajam' was established in the year :
(A)1836
(B)1851
(C )1855
(D)1898

93.Which among the following is not written by G. Sankara Kurup ?
(A)Suryakanthi
(B)Nimisham
(C )Viswa Darsanam
(D)Kunnimanikal

94.Author of the famous book 'Jaathikkummi' 
(A) K.P. Karuppan
(B)T.R. KrishnaswamiIyer
(C ) P.K. Chattan Master
(D) K.P. Vellon

 
95.The Renaissance leader in Kerala, who got the name 'Kumara Guru' : 
(A) Mampuram Thangal
(B) Pampadi John Joseph
(C ) Poikayil Yohannan
(D) Moorkoth Kumaran

96.The name given to the Airforce's rescue operation provided to the flood victims of Uttarakhand :
(A)Operation Surya Hope
(B)Operation Rahat
(C )Operation Canga Prahar
(D)Operation Blossom Spring

97.Which year has formally declared by UN General Assembly as 'International year of family farming' ?
(A) 2014
(B)2010
(C ) 2006
(D) 2009

98.The commission appointed for studying the contributory pension system in Kerala :
(A)Ranga Rajan Commission
(B)Hazari Commission
(C )Sree Krishna Commission
(D)Bhattacharya Commission

99.Which Constitutional Amendment incorporated Panchayati Raj System in our constitution ?
(A)43n* Amendment
(B)74th Amendment
(C )73rd Amendment
(D)44th Amendment

100. The nodal agency for estimation of poverty at the national and state level in India :
(A)Rural Ministry
(B)Planning Commission
(C )Finance Commission
(D)Home Ministry