Description : Privatisation of ownership through sale of equity share is called A. Denationalisation B. Disinvestment C. Contracting D. None of these
Last Answer : B. Disinvestment
Description : Which can be a method of privatisation ? i. Disinvestment ii. Denationalisation iii. Purchasing Share iv. Takeover v. Merger
Last Answer : i. Disinvestment
Description : A possible obstacle to growth of privatisation is A. Profit earned by public enterprises B. Sale of least profitable enterprises C. Licensing D. All of these
Last Answer : B. Sale of least profitable enterprises
Description : Which among these can be condition for the success of privatisation? A. Alternative institutional arrangements B. Barriers to enter the market C. Measurability of performance D. All of the above
Last Answer : B. Barriers to enter the market
Description : Relaxing the restrictions and controls imposed on Business and industry means A. Liberalisation B. Privatisation C. Globalisation D. None of the above
Last Answer : A. Liberalisation
Description : Assertion (A). Private location process leads to change in management with change in ownership. Reason (R). Change in management is not a necessary condition for the process of privatisation. A. Both (A) and (R) are ... C. (A) is incorrect but (R) is correct. D. Both (A) and (R) are incorrect.
Last Answer : B. (A) is correct but (R) is incorrect.
Description : The credit for inventing the word ―Privatisation‖ goes to A. Elton Mayo B. F.W. Taylor C. L. Urwick D. Peter Drucker
Last Answer : D. Peter Drucker
Description : In India, Liberalisation & Privatisation began from A. 1991 B. 1971 C. 1981 D. 1947
Last Answer : A. 1991
Description : Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) then the type of receipt is ______ nature and profit on sale is a) Capital & transferred to capital ... L a/c c) Capital & transferred to P & L a/c d) Revenue & transferred to general reserve
Last Answer : b) Revenue & transferred to P & L a/c
Description : Consider Franchising As A Business Entry Method?
Last Answer : Among the most common ways to get involved in a new business, Franchising ranks near the top. Historically, as businesses grow, they need to branch out in order to continue building sales and ... a franchising agreement, the store owner agrees to sell the brands of the franchiser in accordance w
Description : Which among these is a factor affecting business Environment? A. Value System B. Human Resources C. Both (A) and (B) D. Neither (A) nor (B.
Last Answer : C. Both (A) and (B)
Description : A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him? a) Going concern b) Cost c) Accrual
Last Answer : c) Accrual
Description : Arrange the following Acts in the order in which they came into force. (i) The Monopolies Restrictive Trade Practices Act (ii) Indian Contract Act (iii) The Sale of Goods Act (iv) The Foreign Exchange Management Act A. (il), (iii), (i ... (ii) C. (i), (ii), (iii), (iv) D. (iv), (iii), (ii), (i)
Last Answer : B. (iii), (i), (iv) and (ii)
Description : VAT is imposed A. Directly on Consumers B. On final Stage of production C. On all stages from Production to final sale D. None of the above
Last Answer : B. On final Stage of production
Description : When franchising a small business, where are the lines drawn between owner and franchisee?
Last Answer : The lines that are drawn between an owner and franchisee is the franchisee provides everything that is needed to really get the business going.The owner of the business is still the owner. When ... are provided. If a person feels they need extra help with their business a franchise offers support.
Description : What is outsourcing of production and concentrating on marketing operations in international business, known as ? (A) Licensing (B) Franchising (C) Contract manufacturing (D) Joint venture
Last Answer : Answer: Franchising
Description : Which of the following is NOT an advantage of franchising for the franchisee? A)The franchisee can capitalise on the business experience of others. B)When problems arise, the franchisee can obtain ... E)The franchisee gives up a certain amount of control when participating in a franchise agreement.
Last Answer : E)The franchisee gives up a certain amount of control when participating in a franchise agreement.
Description : Which among the following is not the instrument of monetary policy A. Deficit financing B. Statutory liquidity Ratio C. Cash reserve ratio D. Open market operation
Last Answer : A. Deficit financing
Description : Which among these is not an objective of planning? A. Economic growth B. Setting of heavy industries C. Modernisation D. None of these
Last Answer : B. Setting of heavy industries
Description : Which among these is not a restrictive trade practice? A. Tie Up sales B. Price Discrimination C. Manipulation of Price D. All are restrictive trade practice
Last Answer : C. Manipulation of Price
Description : Which among these is monopolistic trade practice? A. Unreasonably limiting competition B. Manufacturing only one product C. Limiting technical Development D. Selling only one product
Last Answer : B. Manufacturing only one product
Description : Which among the following is not opened for private sector participation A. Power sector B. Telecommunication sector C. Education sector D. Railways
Last Answer : D. Railways
Description : Consistency with reference to application of accounting procedures means a) All companies in the same Industry should use identical accounting procedures b) Income & assets have not been overstated c ... uniform basis year after year d) Any accounting method can be followed as per convenience
Last Answer : c)Accounting methods & procedures shall be followed uniform basis year after year
Description : A method of implementing a memory management system is a. Buddy system b. Bridgeware c. Broadband coaxial system d. All of the above
Last Answer : a. Buddy system
Description : Any method for controlling access to or use of memory is known a. Memory map b. Memory protection c. Memory management d. Memory instruction
Last Answer : b. Memory protection
Description : Which of the following is a way to access secondary memory? a. Random access memory b. Action method c. Transfer method
Last Answer : a. Random access memory
Description : Which method does not consider the time value of money A. Net present value B. Internal Rate of Return C. Average rate of return D. Profitability Index
Last Answer : C. Average rate of return
Description : Under purchase method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above
Last Answer : C. Goodwill or capital reserve
Description : Under pooling of interest method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above
Last Answer : A. General reserve
Description : Which of following is not Method of winding of company? A. Compulsory winding up B. Voluntary winding up C. Winding up under the supervision of the court D. Knowingly winding up
Last Answer : D. Knowingly winding up
Description : Which of following is not Method of calculation of Purchas Consideration? A. Lump sum Method B. Net Asset Method C. Net Payment Method D. Annuity Method
Last Answer : D. Annuity Method
Description : Which of following is not the method of valuation of Goodwill? A. Average profit Method B. Super profit Method C. Capitalization Method D. Straight line Method
Last Answer : D. Straight line Method
Description : If amalgamation is in the ..............., the General Reserve or Profit and Loss A/c balance will not be shown in the balance sheet. (A)Form of Merger (B)Form of purchase (C)Net assets method (D)Consideration method
Last Answer : (B)Form of purchase
Description : If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt.............. Accounting policies. (A)Lifo method (B)Fifo method (C)Weighted method (D)Uniform
Last Answer : (D)Uniform
Description : Financial accounting is concerned with – a) Recording of business expenses and revenue b) Recording of costs of products and services c) Recording of day to day business transactions d) None of the above
Last Answer : c) Recording of day to day business transactions
Description : Business enterprise is separate from its owner according to _____ concept. a) Money measurement concept b) Matching concept c) Entity concept d) Dual aspect concept
Last Answer : c) Entity concept
Description : If wages are paid for construction of business premises ______ A/c is credited and _____ A/c is debited. a) Wages, Cash b) Premises, Cash c) Cash, Wages d) Cash, Premises
Last Answer : d) Cash, Premises
Description : If one of the cars purchased by a car dealer is used for business purpose, instead of resale, then it should be recorded by_____ a) Dr Drawing A/c & Cr Purchases A/c b) Dr Office Expenses A/c & Cr Motor Car A/c c) Dr Motor Car A/c & Cr Purchases A/c d) Dr Motor Car & Cr Sales A/c
Last Answer : c) Dr Motor Car A/c & Cr Purchases A/c
Description : Fixed assets are held by business for _____ a) Converting into cash b) Generating revenue c) Resale d) None of the above
Last Answer : b) Generating revenue
Description : The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept. a) Money measurement b) Cost c) Entity d) Dual aspect
Last Answer : c) Entity
Description : Multi user systems provided cost savings for small business because they use a single processing unit to link several a. Personal computers b. Workstations c. Dumb terminals d. Mainframes
Last Answer : c. Dumb terminals
Description : A typical personal computer used for business purposes would have… of RAM. a. 4 KB b. 16 K c. 64 K d. 256 K
Last Answer : d. 256 K
Description : a factor which would strongly influence a business person to adopt a computer is its a. Accuracy b. Reliability c. Speed d. All of above
Last Answer : d. All of above
Description : X Ltd. goes into liquidation and an existing company Z Ltd. purchases the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. Liquidation
Last Answer : A. Absorption
Description : The share capital, to the extent already held by the purchasing company, is closed by the vendor company by crediting it to: A. Share capital account B. Purchasing company's account C. Realisation account. D. Business purchase account
Last Answer : C. Realisation account.
Description : When the purchasing company makes payment of the purchase consideration, it debits: A. Business purchase account B. Assets account C. Vendor company's account. D. Realisation A/c
Last Answer : C. Vendor company's account.
Description : X Ltd. goes into liquidation and a new company Z Ltd. is formed to take over the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. commencement.
Last Answer : B. External reconstruction
Description : Which of the following is not deferred revenue expenditure? A. Heavy advertisement expenditure. B. Expenses incurred in removing the business to more convenient premises. C. Preliminary expenses. D. Depreciation on fixed assets.
Last Answer : D. Depreciation on fixed assets.
Description : Amalgamation is said to be in the nature of merger if: A. All assets and liabilities of transferor company are taken over by the transferee company. B. Business of transferor company is intended to ... paid in equity shares by the transferee company except for fraction shares. D. All of the above
Last Answer : D. All of the above
Description : Which of the following statements is not correct? A. For the purpose of Funds Flow Statement, the term 'fund ' generally refers to net working capital B. Funds flow is a wider concept than ... business D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds
Last Answer : D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds