Commerce 2021 PYQs_Part 3
#1. The principles of management are significant because of
#2. For printing of wedding invitation cards, the most appropriate costing system is
#3. Securities premium can be used by a company for
#4. The cost accounting method to compute basic cost of a product of service is
#5. The main advantage of functional organisation is
#6. The total value of goods and services produced within the country during a year is called
#7. The maximum number of members in a private limited company can be
#8. If capital is ₹ 50,000, liability is ₹ 30,000 and fixed assets are ₹ 70,000, then the value of current assets will be
#9. Which of the following is not a tool of management accounting?
#10. Goods sold to a customer on ‘Sales on Approval’ basis is recorded as
#11. Second quartile is called
#12. If current ratio is 2.5 and working capital is ₹ 90,000 then the value of current assets would be
#13. Consider the following statements and identify the right ones: (A) According to the theory of demographic transition in the first stage, birth rate is low but death rate is high. (B) The difference between them is high.
#14. Surcharge of 10% is payable by an individual, where his/her total income exceeds to
#15. Which of the following is not a characteristic of a company?
#16. The process of influencing the activities of an organized group in efforts towards goal setting and goal achievement is called
#17. The last function of management is
#18. Break Even Point means
#19. Motivation is related to
#20. A leadership style in which group members are allowed to carry out their work freely is called
#21. In Contract Account, the work in progress consists of
#22. Income received in India or deemed to be received in India shall be taxable for
#23. The relationship between correlation coefficient and coefficient of determination can be expressed as follows
#24. Under Management Reporting System Control Reports and Information Reports are integral part of
#25. A company incorporate by a special Act of Parliament or any State Legislature is called
#26. A company buys 8000 units of an item for its annual requirement. Each unit costs ₹ 10, the ordering cost per order is ₹ 30 and the carrying cost is 7.5% of the average inventory per year. The economic order quantity will be
#27. Which of the following function of management of concerned with means and ends?
#28. A cost that remains constant per unit but changes with the volume of output is called
#29. After recession, comes