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FINANCIAL ACCOUNTING

Total questions: 31

Worksheet time: 15mins

Name
Class
Date
1.

Three column cash book has how many columns?

a)

two

b)

one

c)

three

d)

none of the above

2.

Identify this user of accounting information best depicted by the picture.

a)

Customer

b)

Business Owner

c)

Manager

d)

Promoter

3.

Which one of the following industries uses limestone as a raw material?

a)

Aluminum

b)

Cement

c)

Sugar

d)

Jute

4.

Which one of the following agencies markets steel for the public sector plants?

a)

HAIL

b)

SAIL

c)

Tata Steel

d)

MNCC

5.

Which one of the following industries uses bauxite as a raw material?

a)

Aluminum

b)

Cement

c)

Jute

d)

Steel

6.

What steps have been taken by NTPC towards environment protection?

a)

Adopting latest technique

b)

Minimising waste management by maximising ash utilisation

c)

Afforestation and green belt

d)

All of these

7.

Which one of the following industries uses limestone as a raw material?

a)

Aluminum

b)

Cement

c)

Sugar

d)

Jute

8.

Which one of the following agencies markets steel for the public sector plants?

a)

HAIL

b)

SAIL

c)

Tata Steel

d)

MNCC

9.

Which one of the following industries uses bauxite as a raw material?

a)

Aluminum

b)

Cement

c)

Jute

d)

Steel

10.

Which one of the following cites has emerged as a ' electronic capital of India'?

a)

Delhi

b)

Kolkata

c)

Bengaluru

d)

Hyderabad

11.

Which of the following industries is not a heavy industry.

a)

Cotton textile

b)

Cement

c)

Iron and Steel

d)

Ship building

12.

Which one of the following factors plays the most important role in the location of an industry in a particular region?

a)

Raw material

b)

Market

c)

Least production cost

d)

Transport

13.

Which one of the following industries manufactures telephones, computers etc.

a)

Cement

b)

Iron and steel

c)

Electronic

d)

Chemical

14.

Which one of the following public sector plants is located in Chhattisgarh?

a)

Bokaro Steel plant

b)

Bhilai steel plant

c)

Durgapur steel plant

d)

Rourkela steel plant

15.

Oil India Limited (OIL) belongs to which type of industry?

a)

Joint sector

b)

Public sector

c)

Cooperative

d)

Private sector

16.

Where was the first successful textile mill established in India?

a)

Bengal

b)

Bengaluru

c)

Mumbai

d)

Ahmedabad

17.

Many industries tend to come together to make use of the advantages offered by the urban centres. This is known as.............................

a)

Agglomeration economics

b)

Coming together

c)

Holding together

d)

Joint sector if economics

18.

In which sector are the manufacturing industries placed?

a)

Primary

b)

Secondary

c)

Tertiary

d)

None of these

19.

To which sector does the textile industry belong to?

a)

Agro-based

b)

Mineral based

c)

Chemical based

d)

None of these

20.

Identify the objective behind the formulation of National Jute Policy, 2005.

a)

Increasing productivity

b)

Improving quality and ensuring good prices

c)

Enhance the yield per hectare

d)

All the above

21.

Which industry has been a major foreign exchange earner in the last few years?

a)

Automobile

b)

Textile

c)

Iron and Steel

d)

Information Technology

22.

Why is there a tendency for Sugar mills to concentrate in the southern and western states of India?

a)

Higher sucrose content and yield greater quantity

b)

Cooler climate

c)

Cooperative are more successful in these reason

d)

All of these

23.

Identify the main problems faced by the textile industry.

a)

Erratic power supply

b)

Old and obsolete machinery

c)

Stiff competition from the synthetic fibre industry

d)

All of these

24.

The process of converting raw materials into finished goods that are produced on a large scale called :

a)

Information technology

b)

Electronic industry

c)

Manufacturing

d)

Factory

25.

Classification of industry based on source of raw material :

a)

Agro Based

b)

Mineral based

c)

Both Agro and mineral based

d)

None of these

26.

What steps have been taken by NTPC towards environment protection?

a)

Adopting latest technique

b)

Minimising waste management by maximising ash utilisation

c)

Afforestation and green belt

d)

All of these

27.

Identify the main problems faced by the textile industry.

a)

Erratic power supply

b)

Old and obsolete machinery

c)

Stiff competition from the synthetic fibre industry

d)

All of these

28.

The process of converting raw materials into finished goods that are produced on a large scale called :

a)

Information technology

b)

Electronic industry

c)

Manufacturing

d)

Factory

29.

Identify the objective behind the formulation of National Jute Policy, 2005.

a)

Increasing productivity

b)

Improving quality and ensuring good prices

c)

Enhance the yield per hectare

d)

All the above

30.

Which industry has been a major foreign exchange earner in the last few years?

a)

Automobile

b)

Textile

c)

Iron and Steel

d)

Information Technology

31.

Where was the first successful textile mill established in India?

a)

Bengal

b)

Bengaluru

c)

Mumbai

d)

Ahmedabad