14.10.2022 Morning Shift

#1. Which one among the following is not a privilege or right of a holder-in-due course under Negotiable Instruments Act?

Estoppel against denying signature or capacity of prior party.

Estoppel against denying original validity of the instrument.

Estoppel against denying capacity of the payee to endorse.

Estoppel against denying the genuineness or validity of payee’s endorsement.

#2. Which one of the following is correct regarding the Negotiable Instruments Act in India?

A cheque is always drawn on a banker.

A cheque requires the acceptance by the drawee.

A bill of exchange can be drawn payable to bearer on demand.

A promissory note containing a conditional promise to pay is a valid promissory note.

#3. Which one of the following does not fall in the ambit of the objectives of the Competitions Act, 2002 in India?

Encourage competition.

Prevent abuse of dominant position.

Prevent monopolistic rights arising out of intellectual property.

Regulate mergers and acquisitions.

#4. The profit for the year before appropriation in a partnership firm. was Rs. 50,000. Shagun, one of the partners, receives a salary of Rs. 4,000 and interest at ten per cent per annum on his capital of Rs. 1,00,000. Amir, the other partner, receives interest on capital at the same rate as Shogun. Amir's capital was Rs. 89,000. They share profits and losses equally. What was the total share of profits credited to Amir's current account?

Rs. 13,550

Rs. 15,350

Rs. 22,450

Rs. 24,350

#5. The examination of documentary evidence in support of transactions contained in the books of accounts is termed as which one of the following?

Verification

Vouching

Valuation

Validation

#6. Which one of the following approaches of human resource accounting was suggested by Brummet, Flamholtz and Pyle?

Replacement Cost Approach

Historical Cost Approach

Opportunity Cost Approach

Standard Cost Approach

#7. Who among the following Economists suggested the Sales Revenue Maximization as an alternative objective of a business firm?

K.W. Rothschild

Cyert and March

Robin Marris

W.J. Baumol

#8. Which one of the following is not the assumption for consumer behaviour based on the cardinal utility approach?

Maximization of satisfaction.

Utility cardinally measurable.

Diminishing marginal utility of money.

Utility is additive.

#9. Limited liability partnership may be wound up by which one of the following:

Voluntarily

By the Registrar, if the firm fails to file annual return in the prescribed form with the Registrar of Companies within 60 days of closer of the financial year.

By the Tribunal established under the Companies Act, 2013.

Either voluntarily or by the tribunal established under the Companies Act, 2013.

#10. Which one of the following relationships regarding price elasticity coefficient- with change in price and change in total revenue is incorrect?

When e=0, with increase in price we see an increase in total revenue, while with decrease in price we see a decrease in total revenue.

When e>0, with increase in price we see an increase in total revenue, while with decrease in price we see a decrease in total revenue.

When e=1, with increase in price we see an increase in total revenue, while with decrease in price we see a decrease in total revenue.

When e<1, with increase in price we see an increase in total revenue, while with decrease in price we see a decrease in total revenue.

#11. In the case of two production-inputs, which one of the following is not a property of Isoquants (the production indifference curves)?

Negative slope

Concave to the point of origin.

Non-intersecting and non-tangential.

Upper isoquants represent higher level if output.

#12. In comparison to domestic equity investment, foreign equity investment would be preferred if it offers in which of the following situations?

Higher dividend yield and high rate of capital appreciation.

Lower dividend yield and lower rate of capital appreciation.

Higher dividend yield and lower rate of capital appreciation.

Lower dividend yield and high rate of capital appreciation.

#13. The potential that a firm's consolidated financial statements be affected as a result of changes in exchange rates is called as:

Transaction exposure

Economic exposure

Translation exposure

Operating exposure

#14. Which one of the following is a method of converting a non-productive, inactive asset (i.e. receivable) into a productive asset (viz, cash) by calling receivables to a company that specializes in their collection and administration?

Bills discounting

Underwriting

Guaranteeing

Factoring

#15. Which one of the following summary measures denotes the degree of lopsidedness in a distribution?

Measures of central tendency.

Measures of variation.

Measures of skewness.

Measures of Kurtosis.

#16. Which one of the following statements is true?

The sum of absolute deviations measured from Median is the least.

If each value in a given series is multiplied by a constant, K, the variance of the new series would be equal to the variance of the given series.

The variance is the square of the value of the standard deviation divided by mean.

Z-score value of ‘X’ is the ratio between ‘X’ divided by mean.

#17. Which one of the following statements is false?

Regression coefficients are independent of change of origin but not of change of scale.

Both the regression coefficients cannot assume a value (ignoring algebraic sign) greater than one.

Regression coefficient of the two variables may have different algebraic symbols for real life situations.

Coefficient of correction of independent of the change of origin and scale of data.

#18. Which one of the following measures of central tendency is not affected by the presence of extreme values in the data of the distribution?

Arithmetic average

Geometric average

Positional average

Harmonic average

#19. Which one of the following is not an advantage in case of product-based departmentalization?

It leads to continuous and undivided attention to the product.

Requires less number of managerial personnel to be employed.

It enables top management to compare the performances of different products.

It motivates departmental head to improve his performance.

#20. Through which one of the following influences of workers' participation in management regarding 'safety and welfare and work-related' issues are resolved?

Information sharing

Bargaining

Consultation

Co-determination

#21. Which one of the following is a determinant of Organisational Climate or Culture (OC)?

Leadership style

Decision-making

Innovation and change

Trust

#22. Which one of the following tests measures the applicant's capacity to learn the skill required for a job?

Aptitude test

Interest test

Intelligence test

Personality test

#23. What has been the primary motive of central banks raising interest rates in recent times?

Gaining competitiveness

Taming inflation

Raising employment levels

Currency depreciation

#24. Which of the following products would require intensive modification in the international arena?

Tennis racket

Cosmetics

Notebook computer

Camera

#25. Banks are not required to deduct the TDS from depositors who have submited declaration in which one of the following forms under the Income Tax Rule, 1962.

Form 16(A)

Form 16(H)

Form 15(G)

Form 15(A)

#26. The safety margin that insurers must maintain in order to protect the interest of the policy holders is called:

Protection margin

Solvency margin

Profit margin

Cost of risk bearing

#27. If the firms are competitive and profit maximizing, the demand curve for labour is determined by which one of the following?

The opportunity cost of labour time.

The value of the marginal product of labour.

Offsetting income and substitution effects.

The value of the marginal product of capital.

#28. Which one of the following is not coordinated in the horizontal integration of Integrated Marketing Communications?

Packaging

Customer Service

Sales Promotion

Distribution

#29. Which one of the following customers are risk averse, technology shy, and price sensitive?

Early adopters

Early majority

Late majority

Laggards

#30. Which one of the following is an example of hybrid service offering?

Consulting

Massage

Restaurant meal

Car with a warranty

#31. Which is the most appropriate mode of entry in international business to an enterprise with little experience of International Markets?

Acquisition

Exporting

Strategic Alliance

Joint Venture

#32. According to FEMA foreign exchange does not include which one of the following?

Deposit payable in any foreign currency.

Bills of exchange drawn in India currency but payable in any foreign currency.

Travellers cheques drawn by institutions outside India but payable in Indian currency.

Draft drawn by banks outside India and payable in foreign currency.

#33. In which one of the following modes of entry into foreign markets risk and profit potential are the highest?

Indirect exporting

Joint venture

Direct investment

Direct exporting

#34. The Central Bank can significantly influence the savings, investments and consumer spending in the economy through which one of the following policies?

Fiscal policy

Monetary policy

Industrial policy

Foreign exchange policy

#35. Residential status in. Indian Income Tax Act is determined for which one of the following?

Previous year

Assessment year

Accounting year

Both previous and assessment year.

#36. Which one of the following provident funds is set up under Provident Fund Act, 1952?

Statutory Provident Fund

Recognised Provident Fund

Public Provident Fund

Unrecognised Provident Fund

#37. Tax audit is compulsory in the case of a person carrying on profession and whose gross receipts exceeds which one of the following?

Rs. 60 lakhs

Rs. 1 crore

Rs. 40 lakhs

Rs. 50 lakhs