Description : Globalisation means A. Setting of firms branches in other countries B. Adopting a global outlook C. Earning profit from Exports D. Attracting foreign investment
Last Answer : B. Adopting a global outlook
Description : Globalisation means A. Adopting a global outlook for business B. Inviting multinationals in the country C. Selling in the foreign market D. All of the above
Last Answer : A. Adopting a global outlook for business
Description : Statement (A). In the context of globalisation, the most important challenge facing India is to boost exports. Reason (R). It may increase the country's growth rate. A. Both (A) and (R) are true and (R) is the correct ... (A). C. (A) is true but (R) is false. D. (A) is false but (R) is true.
Last Answer : A). B. Both (A) and (R) are true and
Description : Which combination of the following factors has driven globalisation in the recent past? (i) Growth of multinational corporations (ii) Internationalisation of finance (iii) Increased international trade A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (i),(ii) and (iii)
Last Answer : C. (ii) and (iii)
Description : The expanded production of fertilizers, textiles & buildings require some A. power production B. domestic production of the necessary capital goods C. economical growth D. none of these
Last Answer : B. domestic production of the necessary capital goods
Description : Indian businesses encounter the following problem in the globalisation A. Infrastructural Bottleneck B. Lack of interest shown by MNC‘s C. Both (A) and (B) D. None of these
Last Answer : A. Infrastructural Bottleneck
Description : Globalisation is the term used to describe process of removal of restriction on A. Foreign Trade B. Investment C. Both (A) and (B) D. None of the above
Last Answer : C. Both (A) and (B)
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 : 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 : Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy
Last Answer : (3) Integration of the domestic economy with the world economy Explanation: Globalization is the process of international integration arising from the interchange of world views, products, ... globalization refers to processes that promote world-wide exchanges of national and cultural resources.
Description : Globalisation means (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy
Last Answer : Integration of the domestic economy with the world economy
Description : Which one is more appropriate for cost of retained earning? A. Weighted Average cost of capital B. Opportunity cost to the firm C. Expected rate of return by the investor D. None of the above
Last Answer : B. Opportunity cost to the firm
Description : Most important advantage of an IC is its a. Easy replacement in case of circuit failure b. Extremely high reliability c. Reduced cost d. Low powers consumption
Last Answer : b. Extremely high reliability
Description : The most important advantage of a video disk is a. Compactness b. Potential capacity c. Durability
Last Answer : b. Potential capacity
Description : The direct advantages of accounting do not include A. Preparation of financial statements B. Comparison of results C. Competitive advantage D. Information to interested groups
Last Answer : C. Competitive advantage
Description : Matching concept means A] Assets = capital + liabilities B] Transactions recorded at accrual concept C] Anticipate no profit but recognize all losses D] Expenses should be matched with the revenue of the period.
Last Answer : D] Expenses should be matched with the revenue of the period.
Description : Which of the following is not the main objective of accounting? A] Systematic recording of transactions B] Ascertaining profit or loss C] Ascertainment of financial position D] Solving tax disputes with tax authorities
Last Answer : D] Solving tax disputes with tax authorities
Description : Profit and loss is calculated at the stage of A] Recording B] Posting C] Classifying D] Summarising
Last Answer : D] Summarising
Description : A trader calculated his profit as Rs.150000 on 31/03/2014. It is an A] Transaction B] Event C] Transaction as well as event D] Neither transaction nor event
Last Answer : B] Event
Description : Sales –Gross Profit = ________ a) Cost of goods sold b) Net sales c) Gross Sales d) Liabilities
Last Answer : a) Cost of goods sold
Description : As per the Matching concept, Revenue –? = Profit a) Expenses b) Liabilities c) Losses d) Assets
Last Answer : a) Expenses
Description : As per accrual concept, which of the followings is not true a) revenue –expenditure = profit b) revenue –profit = expenditure c) sales + gross profit = revenue d) revenue = profit + expenditure
Last Answer : c) sales + gross profit = revenue
Description : The policy of anticipate no profit and provide for all possible losses arise due to the concept of _____ a) Consistency b) Disclosure c) Conservatism d) Matching
Last Answer : c) Conservatism
Description : Change in the capital A/c of proprietor may occur due to ______ a) Profit earned b) Loss incurred c) Capital Introduced d)All of theabove
Last Answer : d)All of theabove
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 : An asset of Rs.85,000 was purchased for Rs.75,000 and was recorded in the books at Rs.85,000. What is the correct amount of profit to be reported in the books? a) Rs.1,47,000 b) Rs. 1,51,000 c) Rs.1,63,000 d) Rs.1,41,000
Last Answer : b) Rs. 1,51,000
Description : Goodwill arising on amalgamation is to be A. Retained in the books of the transferee company B. Amortised to income on a systematic basis normally five years C. Adjusted against reserves or profit and loss account balance D. All of the above
Last Answer : B. Amortised to income on a systematic basis normally five years
Description : All capital expenditures and receipts are taken to A. Trading and Profit and Loss Account B. Balance sheet C. Trial balance D. None of the above
Last Answer : B. Balance sheet
Description : Bonus shares can be issued by a company A. Out of the Reserves created by revaluation of fixed assets B. Out of share premium not collected in cash C. Without any provision for it in the Articles of Association of the company D. Out of free reserves built out of genuine profit
Last Answer : D. Out of free reserves built out of genuine profit
Description : The profit on the reissue of forfeited share are transferred to A. Capital A/ c B. Capital Reserve C. Profit & Loss A/c D. General Issues
Last Answer : B. Capital Reserve
Description : In case of a limited company, the term financial statements includes A. Profit and loss and balance sheet B. Profit and loss account, profit and loss appropriation account and balance sheet C. Balance sheet D. None of the above
Last Answer : B. Profit and loss account, profit and loss appropriation account and balance sheet C
Description : The return on investment (ROI) may be calculated as A. Net profit before interest, tax and dividend / Capital employed B. Net profit after interest, tax and dividend / Shareholder's fund C. ( Net profit - preference dividend )/ No. of equity shares D. Return on Investment / Net profit ratio
Last Answer : A. Net profit before interest, tax and dividend / Capital employed
Description : Which is the type of dividend? A. Cash Dividend B. Interest C. Profit cum-reserve D. Flexible Capital
Last Answer : A. Cash Dividend
Description : Corporate dividend tax is _______ A. Computed on Net profit B. Computed on Share Capital C. Computed on Goss Profit D. Computed on Dividend paid
Last Answer : D. Computed on Dividend paid
Description : Provision for Income Tax is _____ A. Debited to P & L Appropriation A/c B. Debited to Profit and Loss A/c C. Debited to Treading A/c D. Credited to P & L Appropriation a/c
Last Answer : B. Debited to Profit and Loss A/c
Description : Following is the application of fund A. Decrease in balance of Fixed Asset B. Decrease in working capital C. Decrease in net profit D. Decrease in preliminary expenses
Last Answer : C. Decrease in net profit
Description : Super profit mean A. Average Profit – Net profit B. Average Profit – Normal rate of return C. Weighted Average Profit D. Net profit – Average Profit
Last Answer : A. Average Profit – Net profit
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 : The most promising source of saving to finance development is A. the profits of organized sector B. profits of railway C. profits of Government sector D. only the profit of private sector
Last Answer : A. the profits of organized sector
Description : All direct & indirect expenses related to business are charged: a)Profit and loss account b)Trading account c)Trading account Profit and Loss account d)Directly to Balance sheet
Last Answer : c)Trading account Profit and Loss account
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 : A __________ is created when a company matches its distinctive competency to the opportunities it has discovered in the market. A)market opportunity B)market requirement C)competitive advantage D)strategic window E)competitive opportunity
Last Answer : C)competitive advantage
Description : Statement (A). The GATT applied only to trade in merchandise goods. Reasons (R). The wro covers trade in goods, services and trade in ideas or intellectual properties. A. Both (A) and (R) are true and (R) is the correct ... A). C. (A) is true but (R) is false. D. (A) is false but (R) is true
Last Answer : . A. Both (A) and (R) are true and (R) is the correct explanation of
Description : Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of ... order quantity model to stock management E. Adopting the use of just-in-time stock management
Last Answer : B. Using cash management models to optimise the level of cash held
Description : What advantage is there for an enterprise to adopt a virtual private cloud model? A. Reduce costs by adopting a flexible pricing model for the entire operation. B. Reduce infrastructure ... such as security and performance since the entire infrastructure will be managed within the IT department.
Last Answer : Manage sensitive data in a compliant and secure manner and benefit from flexible pricing models for select services or infrastructure.
Description : The Diamond Model assumes that: a) Multinational firms must develop global strategies based only on home demand conditions. b) Multinational firms must pay less attention to global consumers than domestic ... a firm plays a key role in shaping that firm's competitive advantage in global markets.
Last Answer : The national home base of a firm plays a key role in shaping that firm's competitive advantage in global markets.
Description : Assertion (A). Industrial policy 1991 initiated liberalisation of Indian economy. Reason (R). Industrial growth was very slow before 1991. A. Both (A) and (R) are true and (R) is the correct explanation of (A). B. Both (A) ... A). C. (A) is true but (R) is false. D. (A) is false but (R) is true.
Last Answer : A. Both (A) and (R) are true and (R) is the correct explanation of (A). B. Both
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 : Historical cost concept requires the valuation of an asset at A] Original cost B] Replacement value C] Net realizable value D] Market value
Last Answer : A] Original cost
Description : Valuation of stock in accounting follows the principle of cost price or ____ which ever is lower. a) Market Price b) Average Price c) Net realizable Value d) None of these.
Last Answer : c) Net realizable Value