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UGC NET COMMERCE SCHOLAR EDUCATION

Total questions: 12

Worksheet time: 8mins

Name
Class
Date
1.

Which one of the following is not correct with reference to standard costing?

a)

Standard costing is a system where predetermined costs are used for control of entire organisation

b)

Standard may be expressed in quantitative and monetary measures

c)

Only adverse variances are investigated intensively

d)

Standard is determined for each element of cost

2.

Which one of the following is not correct?

a)

Margin of Safety  =ProfitP/V ratio=\frac{\text{Profit}}{\text{P/V ratio}}  

b)

P/V Ratio =Change in Contribution Change in Sales×100=\frac{\text{Change in Contribution }}{\text{Change in Sales}}\times100  

c)

BEP in units  =Fixed costContribution per unit=\frac{\text{Fixed cost}}{\text{Contribution per unit}}  

d)

Required sales to earn desired profits  =Desired profitP/V ratio=\frac{\text{Desired profit}}{\text{P/V ratio}}  

3.

Schedule 3 Part 2 of the companies Act 2013 deals with which one of the following?

a)

Format of Balance sheet

b)

Format of Profit and Loss account

c)

Format of trading account

d)

Format of cash flow

4.

Which among the following is not a physical barrier of communication?

a)

Poor vocabulary

b)

Noise

c)

Improper time

d)

Overload information

5.

Operating leverage and leverage of a firm are 3 and 2 respectively. If sales increase by 6 % , then earning before tax will rise by:

a)

18%

b)

12%

c)

36%

d)

30%

6.

Dividend irrelevance argument of MM Model is based on:

a)

Hedging

b)

Issue of debentures

c)

Liquidity

d)

Arbitrage

7.

RWA with regard to capital adequacy stands for which one of the following?

a)

Risk Withdrawal Adjustment

b)

Risk Withdrawal Arrangement

c)

Risk Weighted Assets

d)

Risk-free Weighted Assets

8.

Which of the following are the forms of e-banking? select more than one if correct..

a)

Internet Banking

b)

Electronic Cheque Conversion

c)

Electronic Bill Payment

d)

Direct fund transfer through RTGS

9.

Which one of the following is not a part of TRIPS agreement?

a)

Industrial Design

b)

Geographical Indications

c)

Interior Design

d)

Layout Design of Integrated Circuits

10.

Which one among the following is not correct?

a)

IMF's headquarters is in Washington, D.C.

b)

IMF has 198 countries as its members

c)

IMF is an outcomes of the Bretton Woods Conference

d)

IMF was found on july 7, 1944

11.

Which of the followings are the examples of systematic risk? select the correct codes...(you can select more than one if you want)

a)

Elimination of government subsidy

b)

Increase in bank rate

c)

Labour problem

d)

High levered fund

12.

According to which one of the following theories, difference in nominal interest rates will be eliminated in the exchange rate?

a)

Leontief Paradox Economic Theory

b)

Fisher Effect Economic Theory

c)

Purchasing Power Parity Theory

d)

Combined Equilibrium Theory