Description : Fax is used for– (A) Sending telephonic message (B) Sending copies of documents (C) Exercising control (D) Decision making
Last Answer : Answer: Sending copies of documents
Description : Paperless office calls for– (A) Minimum record keeping (B) Maximum use of telephone (C) Maximum use of computers (D) Elimination of reporting
Last Answer : Answer: Maximum use of computers
Description : The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as– (A) Common Dollar Accounting (B) Social Accounting (C) Cost Accounting (D) Management Accounting
Last Answer : Answer: Management Accounting
Description : A public company can start its business operations after getting– (A) Certificate of Incorporation (B) Minimum Subscription (C) Certificate of Commencement of Business (D) Permission of the Controller of Capital Issue
Last Answer : Answer: Certificate of Commencement of Business
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 one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through ... change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks
Last Answer : Answer: The RBI manages longterm liquidity through rapos
Description : Which one of the following is the most appropriate task of office management ? (A) Creation of profit centre (B) Creation of control centre (C) Making office supplies available (D) Supervision of production Quality Control
Last Answer : Answer: Creation of control centre
Description : The primary function of an office is– (A) Making, using and preserving records (B) Remunerating personnel (C) Carrying out management policies (D) Safeguarding organization’s assets
Last Answer : Answer: Making, using and preserving records
Description : Which among the following documents defines the relationship between a company and outsiders ? (A) Memorandum of Association (B) Articles of Association (C) Prospectus (D) None of the above
Last Answer : Answer: Memorandum of Association
Description : Heat transfer efficiency leading of energy conservation in a heat exchanger can be achieved by (A) Keeping the heat transfer surface clean (B) Enhancing the fluid pumping rate (C) Increasing the tube length (D) None of these
Last Answer : (A) Keeping the heat transfer surface clean
Description : Higher efficiency in the combustion of solid fuel cannot be achieved by (A) Proper fuel preparation (B) Keeping the flue gas exhaust temperature very high (C) Adopting efficient-fuel firing technique & equipment (D) Supplying correct quantity of combustion air
Last Answer : (B) Keeping the flue gas exhaust temperature very high
Description : The Open Market Operations [OMOs] is an important tool of– (A) Forex management (B) Liquidity management (C) Inventory management (D) Marketing management
Last Answer : Answer: Liquidity management
Description : Which one of the following is not an objective of the introduction of Primary Dealer System ? (A) To encourage a voluntary holding of govt. securities amongst a wider investor base (B) To ... (C) To strengthen the private equity infrastructure (D) To strengthen the govt. securities infrastructure
Last Answer : Answer: To strengthen the private equity infrastructure
Description : Sometimes an auditor is called upon to review the operations of an enterprise for evaluating their cost-effectiveness. What is this kind of audit generally known as ? (A) Cost Audit (B) Operations Audit (C) Tax Audit (D) Independent Financial Audit
Last Answer : Answer: Cost Audit
Description : The goods taken by the proprietor from the shop is debited to– (A) Shop account (B) Goods account (C) Capital account (D) Drawings accounts
Last Answer : Answer: Drawings accounts
Description : The product range is widest in case of– (A) Chain store (B) Departmental store (C) Speciality shop (D) One price shop
Last Answer : Answer: Departmental store
Description : Who is a Floor Trader?
Last Answer : A person, usually a member of the stock exchange entitled to trade on the floor of that exchange is called floor Trader
Description : Any person aggrieved by any decision or order of the National Company Law Appellate Tribunal can appeal to which one of the following and within how much period ? (A) High Court, within 30 days (B) ... Court within 60 days (C) SEBI within 90 days (D) Department of Companies Affairs within 60 days
Last Answer : Answer: Supreme Court within 60 days
Description : What is a decision tree?
Last Answer : A diagram of a sequence of decisions, each of which involves choosing between a known number of alternatives and depends on the resultants of the previous decisions
Description : What is the name of entry which is used in Bank Column cash book to record the money transaction?
Last Answer : Contra entry
Description : Increase in the installation of Personal Computer is mainly due to– (A) monotony of work (B) reduction of fatigue (C) improvement of efficiency (D) lowering work load
Last Answer : Answer: improvement of efficiency
Description : What does management audit imply ? (A) Complete audit (B) Detailed audit (C) Efficiency audit (D) Interim audit
Last Answer : Answer: Efficiency audit
Description : Keyboard of a computer is– (A) An input device (B) An output device (C) A processing device (D) A storage device
Last Answer : Answer: An input device
Description : “Auditor is a watchdog and not a blood hound” was a remark made in the case of– (A) The London Oil Storage Co. Ltd. 1904 (B) Kingston Cotton Mills Ltd. 1896 (C) London and General Bank 1895 (D) Delightful Cigarette Co. Ltd. 1943
Last Answer : Answer: Kingston Cotton Mills Ltd. 1896
Description : Which one of the following functions is served most by information technology ? (A) Replacement of human labour (B) Provision for a handle to the management to improve industrial relations (C) Substitution of human information processing (D) Rationalisation of office work
Last Answer : Answer: Rationalisation of office work
Description : The most important advantage of centralization of office services is– (A) specialization (B) higher departmental loyalty (C) no delay in providing services (D) less burden of work
Last Answer : Answer: less burden of work
Description : Which one of the following correctly signifies the purpose of an Organization Chart ? (A) Office Décor (B) Indication of available Office services (C) Flow of Authority (D) High Morale
Last Answer : Answer: Flow of Authority
Description : In an office, Franking machine is used for– (A) Punching card (B) Accounting work (C) Duplicating (D) Postal stamp fixing
Last Answer : Answer: Postal stamp fixing
Description : The first auditor of a company appointed, holds office– (A) For a period of one year (B) For that period till new auditor is appointed (C) Till the conclusion of first Annual General Meeting (D) Till the holding of statutory meeting of the company
Last Answer : Answer: Till the conclusion of first Annual General Meeting
Description : Which are the main principles in allocation of office work?
Last Answer : They are specialization, correlation and business connection
Description : The management model that facilitates effective and efficient security management and operations in the cloud environment so that an enterprise’s business targets are achieved is a) Cloud security b) Trust model c) Security model d) Cloud security governance
Last Answer : Cloud security governance
Description : Which is/are the main provisions of Information Technology (IT) Act, 2000? 1) Finalisation of contracts through electronic media. 2) Legal recognition to digital signatures and documents. 3) Making hacking with computer system an office. 4) All of the above
Last Answer : 4) All of the above
Description : Which one of the following is not included in the internal check as regards purchases ? (A) Assessment of requirements (B) Placing orders (C) Despatch of goods (D) Recording and making payments
Last Answer : Answer: Despatch of goods
Description : While inquiring into a complaint information commissions have the power to a) Receive evidence on affidavit b) Requisition record or copies thereof from any court or office c) Issue summons for examination of witnesses or documents d) All the above
Last Answer : d) All the above
Description : Bob Roberts of Roberts Construction is planning to buy a piece of earth-moving equipment. He would most likely base his purchase decision on ______ of the alternative machines: A)description B)sampling C)inspection D)reputation
Last Answer : C)inspection
Description : In which one of the following, Crisis Management is reflected ? (A) Future expansion plans of business (B) Organization Development Programme (C) Short-term Manpower Planning (D) Prudent managerial leadership
Last Answer : Answer: Prudent managerial leadership
Description : Job Evaluation is carried on mainly for– (A) identifying geographical locational factors of business enterprise (B) promoting job satisfaction (C) simplifying wage administration (D) meeting competition effectively
Last Answer : Answer: simplifying wage administration
Description : Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1,20,000; machinery Rs. 80,000 and stock-in-trade Rs. 30,000. The company issued in lieu of the above items 800, ... ) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000
Last Answer : Answer: Rs. 30,000
Description : The most recent form of retail distribution is– (A) Mail order business (B) Chain stores (C) Departmental stores (D) Sky shopping
Last Answer : Answer: Sky shopping
Description : Strategy is used in– (A) Military (B) Business (C) Industry (D) All of the above
Last Answer : Answer: All of the above
Description : Which one of the following statements is not correct ? (A) Business firms combine to avoid wasteful competition (B) Business combination is possible only among joint stock companies (C) Business ... firms (D) During economic depression, small firms are absorbed by financially sound large firms
Last Answer : Answer: Business combination is possible only among joint stock companies
Description : In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called– (A) Reinsurance (B) Double Insurance (C) Joint Insurance Policy (D) Separate Insurance
Last Answer : Answer: Reinsurance
Description : What is an organization structure in which each employee reports to both a functional (or division) manager and to a project (or group) manager, known as ? (A) Strategic business unit (B) Departmentation by customer (C) Matrix structure (D) Departmentation by territory
Last Answer : Answer: Matrix structure
Description : In which State the Mitakshara form of H.U.F. business does not apply ? (A) Rajasthan (B) Gujarat (C) West Bengal (D) Kerala
Last Answer : Answer: West Bengal
Description : Dissolution of Partnership takes place when– (A) A partner misbehaves (B) A partner becomes of unsound mind (C) Business is running at a loss (D) A partner dies
Last Answer : Answer: A partner dies
Description : Auditing of accounts is compulsory for– (A) Sole proprietary business (B) Partnership firms (C) Joint Stock Companies (D) None of the above
Last Answer : Answer: Sole proprietory business
Description : In India private sector entered into the Life Insurance business in the year– (A) 1995 (B) 1998 (C) 2000 (D) 2001
Last Answer : Answer: 2000
Description : A public company can start business– (A) After incorporation (B) After promotion (C) After registration (D) After getting certificate of commencement of business
Last Answer : Answer: After getting certificate of commencement of business
Description : Ploughing-back of profits means– (A) Dividend declared but not claimed by shareholders (B) Non-declaration of dividend in any year (C) Profits earned from illegal sources and employed in business (D) Retaining the earnings of business for future expansion programme
Last Answer : Answer: Retaining the earnings of business for future expansion programme
Description : A company limited by shares has to call the statutory meeting within a period of not less than one month and not more than six months. This period is counted with reference to which one of ... date of actual receipt of certificate of incorporation (D) The date of actual commencement of business
Last Answer : Answer: The date at which the company is entitled to commence business