Wrong Answers Only!

An individual demand curve slopes downward to the right because of the

• Working of the law of diminishing marginal utility

• Substitution effect of decrease in price

• Income effect of fall in price

• Transport Improvements

Credit creation power of the commercial banks gets limited by which of the following:

• Banking habits of the people

• Cash Reserve Ratio

• Business pessimism

• Credit policy of the central bank

Microeconomics deals with the

• Allocation of resources of the economy as between production of different goods and services

• Balance of payments equilibrium

• Determination of prices of goods and services

• Behavior of industrial decision makers

An increase in the supply of a commodity is caused by

• Increase in price of inputs

• Improvements in technology

• Fall in the prices of other commodities

• Fall in the prices of factors of production

Long term fund sources are

• Retained earnings

• Debentures

• Public Deposits

• Share capital

For which of the factors are the debentures more attractive to the investors

• The principal is redeemable at maturity

• Debentures offer more consistent dividends than common shares and higher payments than bonds.

• A debenture-holder enjoys prior claim on the assets of the company over its shareholders in the event of liquidation

• trustee is appointed to preserve the interest of the debenture holders

A bank reconciliation statement is not prepared by

  

• Accountant of business

• Manager of business

• Controller of business

• Accountant of the bank

Which of the following concepts does not state that the publication or presentation of financial statements should not be delayed?

• Objectivity concept

• Timing concept

• Reliability concept

• Timeliness concept

Memorandum of Association contains–

• Objective clause

• Board of Directors Clause

• Name clause 

• Capital clause

Coordination has the following features–

• Intellectual Process

• Continuous 

• Ensures Unity of action

• Deliberate function