Q1: If they don’t like the work, they shouldn’t have the job. The managerial philosophy reflected in this statement is
Answer: Work-orientedAnswer
Q2: Interest assured but not received should be classified as
Answer: Accrued assetAnswer
Q3: Interest earned but not received should be classifies as
Answer: Accrued assetAnswer
Q4: Interest is the reward is the reward paid for parting with liquidity for a specified period of time. Who , of the following gave this definition
Answer: Irving FisherAnswer
Q5: Money is that money does Who has given this definition of money
Answer: G.CrowmerAnswer
Q6: Opening cycle determines
Answer: Working capital requirements of a unitAnswer
Q7: Production means
Answer: The making of tangible goodsAnswer
Q8: Receipt from the sale of season tickets for a series of concerts should be classified as
Answer: Unearned revenueAnswer
Q9: Social Control was imposed on commercial banks with effect from
Answer: 1st February, 1969Answer
Q10: Subscriptions collected in advance by a publisher should be classified as
Answer: Unearned revenueAnswer
Q11: Sunday ho ya Monday, Roje Khao Unde is an example of
Answer: Directive advertisingAnswer
Q12: The result of you campaign depend less on how we write your product is positioned. There are the words of
Answer: David OgivyAnswer
Q13: ‘ A three-year premium pain on a fire insurance policy’ should be classified as
Answer: Prepaid expenseAnswer
Q14: ‘Aperture’ is the ideal moment for exposing
Answer: Consumers to advertising messageAnswer
Q15: ‘Calls in Arrer’ is shown in the Balance Sheet on the Liabilities side
Answer: By deducting the amount from the called up capitalAnswer
Q16: ‘Cliches’ in advertising means
Answer: Empathetic ideaAnswer
Q17: ‘Fiat money’ is that which is
Answer: Decreed as money by the governmentAnswer
Q18: ‘Fish culture’ should be classified as
Answer: Genetic industryAnswer
Q19: ‘Hidden self’ in Johari awareness model reflect behaviour, feelings and motivation
Answer: Known to self but not known to othersAnswer
Q20: ‘Memory unit’ performs the function of
Answer: Storing of dataAnswer
Q21: ‘Negative lien’ on company’s fixed assets requires
Answer: No registration is requiredAnswer
Q22: ‘Net worth’ of a business means
Answer: Total assets minus total liabilitiesAnswer
Q23: ‘Object clause’ of the Memorandum can be altered by
Answer: Special resolution and confirmation by Company Law BoardAnswer
Q24: ‘Proposed dividends’ is shown in the balance sheet of a company under the head
Answer: ProvisionsAnswer
Q25: ‘Status appeal’ was developed first by
Answer: J.W. ThompsonAnswer
Q26: ‘Unbalanced growth’ hypothesis is formulated on the assumption
Answer: That supply of capital and labour and capitalAnswer
Q27: ‘Unity of Command’ principle of effective direction means
Answer: Subordinates should be responsible to one superiorAnswer
Q28: A “question mark” or “problem child ” type of business is best viewed as
Answer: A business with a weak competitive position in an industry which is characterized by vigorous competition and subpar marginsAnswer
Q29: A “star” type business
Answer: May well require infusions of investment funds to support rapid growth and continued high performanceAnswer
Q30: A ‘hot money’ or the refugee capital’ is the capital
Answer: Which is transferred from one centre to another for greater safetyAnswer
Q31: A ‘letter of credit’ (L/C) is produced by
Answer: An importerAnswer
Q32: A balance sheet shows only
Answer: Personal accounts and real accountsAnswer
Q33: A banking Company whose licence is cancelled may appeal to the
Answer: Central GovernmentAnswer
Q34: A bearer of a share warrant of a company is
Answer: Not a member of the companyAnswer
Q35: A bill of entry has usually
Answer: three copiesAnswer
Q36: A bill of exchange is drawn for a maximum period of
Answer: 180 daysAnswer
Q37: A breakdown analysis of demand includes
Answer: An analysis of the share of market held by the companyAnswer
Q38: A budget is not
Answer: A document that ensures control over performancesAnswer
Q39: A business portfolio matrix
Answer: Facilities comparison of different business on the basis of selected strategic variables which are interestAnswer
Q40: A cheque dated before the date of its issue is
Answer: Ante dated chequeAnswer
Q41: A Cheque dated subsequent to the date of its issue is
Answer: Post dated chequeAnswer
Q42: A cheque is always payable on
Answer: DemandAnswer
Q43: A co-parcener is a
Answer: Member of a Joint Hindu familyAnswer
Q44: A company created by an act of parliament is
Answer: A statutory companyAnswer
Q45: A company is called an artificial person because
Answer: It exists only in contemplation of lawAnswer
Q46: A company is dissolved by
Answer: None of these—correct answer.Answer
a) Death
b) Lunacy
c) Bankruptcy
Q47: A company is said to be registered when it gets
Answer: A Certificate of Incorporation from the Registrar of CompaniesAnswer
Q48: A company may change its name by passing
Answer: A special resolutionAnswer
Q49: A company who accepts demand deposit is called
Answer: Banking companyAnswer
Q50: A consular invoice is issued by the
Answer: Consul of the importing countryAnswer
Q51: A consumer’s equilibrium choice or position is one
Answer: At which his satisfaction in maximizedAnswer
Q52: A contract is entered into by the promoters on behalf of a company before its incorporation. The company
Answer: May ratify that part of the contract which is beneficial and reject the part which is detrimentalAnswer
Q53: A corporation that is organized for the purpose of providing educational facilities is known as
Answer: An open corporationAnswer
Q54: A costing method in which the fixed factory overheads are added to inventory valuation is
Answer: Absorption costingAnswer
Q55: A creative concept must have
Answer: All the aboveAnswer
Q56: A dealer in securities who sells and purchase securities in his own name with a view to earning profit due to price fluctuation is called as
Answer: A jobberAnswer
Q57: A decision leading to the use of advertising time and space to assist in the achievement of marketing objectives is known as
Answer: Advertising executionAnswer
Q58: A decline in the current ratio and the liquidity ratio indicates
Answer: Over tradingAnswer
Q59: A drawer can also be a
Answer: PayeeAnswer
Q60: A factor that is an important capability for a firm to have but is also a typical of every other viable competitor is called as
Answer: Key vulnerabilityAnswer
Q61: A factor that provides the company with an edge over its competitors is called a
Answer: Competitive advantageAnswer
Q62: A factor that would enter into salary determination is
Answer: Demand for labourAnswer
Q63: A firm has sold machinery worth Rs. 1 crore under Deferred payment Scheme of IDBI. It is shown in balance sheet as
Answer: None of these—correct answer.Answer
a) Assets
b) Liabilities
c) Foot-Note
Q64: A firm is solvent if
Answer: A has a good reputation in the marketAnswer
Its total tangible assets are greater than its outside liabilities
Q65: A firm sold machinery worth Rs. 1 crore under Deffered Payment Scheme of IDBL it is shown in balance sheet as
Answer: Foot-noteAnswer
Q66: A firm that tries to get the public to buy more goods is doing
Answer: Maximising consumptionAnswer
Q67: A firm will be in equilibrium when
Answer: Marginal cost = marginal revenueAnswer
Q68: A firm’s growth is tied to
Answer: Profitability and SurvivalAnswer
Q69: A form of advertising in which the manufacturer reimburses the retailer for part or all of the retailer’s advertising expenditure
Answer: Reimbursing advertisingAnswer
Q70: A foul bill of loading is issued when
Answer: Goods are damagedAnswer
Q71: A function refers to
Answer: The relationship between one dependant variable and one or more independent variablesAnswer
Q72: A general partnership
Answer: Has a higher credit standing than a proprietorship of the same sizeAnswer
Q73: A general perspective or attitude the marketer has toward the customer is known as
Answer: Market philosophyAnswer
Q74: A good current ratio as compained by a low quick ratio means
Answer: High investment in fixed assetsAnswer
Q75: A government company is one in which
Answer: At least 51% of the capital is held by central and/or state governmentsAnswer
Q76: A Govt. Company is one in which
Answer: Not less than 51% of its share capital is held by Govt. and / or State GovtAnswer
Q77: A Hindu Undivided Family is governed by
Answer: Hindu Law, 1956Answer
Q78: A hypothesis is tested by
Answer: Its ability to predict accurately orAnswer
Q79: A joint Hindu Family is managed by
Answer: The kartaAnswer
Q80: A key limitation when applying the BCG matrix is that
Answer: Clearly defining a market is often difficultAnswer
Q81: A limited company is one which has
Answer: limited liability clause in memorandumAnswer
Q82: A limited partnership must have
Answer: At least one general partner,Answer
Q83: A low current ratio means
Answer: Too much strain on the working capital resourcesAnswer
Q84: A manager with a share in the profits
Answer: Is only a servant of the firmAnswer
Q85: A manufacturing firm holds stock of raw material mainly for
Answer: Maintaining continuous productionAnswer
Q86: A market
Answer: Extends over a cityAnswer
Q87: A marketing control report includes all of the following except
Answer: New product proposalsAnswer
Q88: A marketing lam attempts to predict how sales or profits will vary as a result of increasing or decreasing expenditures on various elements of the marketing mix. This is greatly complicated by
Answer: The fact that markets are always in a state of fluxAnswer
Q89: A marketing organization should be developed around the needs of
Answer: Both of these—a)Present customersAnswer
b)Prospective customers
Q90: A member of a co-operative society can leave the society by
Answer: Withdrawing his capital from the societyAnswer
Q91: A memorable phrase that sums up the concept or key point of the Ad is
Answer: TaglineAnswer
Q92: A mixed marine policy means
Answer: Combination of voyage and time policiesAnswer
Q93: A newspaper with a page size 5 to 6 columns wide and 14 inches deep is
Answer: TabloideAnswer
Q94: A nominal partner is
Answer: Not entitled to share the profits of the concernAnswer
Q95: A partner in a firm
Answer: Cannot transfer his share to an outsiderAnswer
Q96: A partnership firm cannot raise funds by
Answer: DebenturesAnswer
Q97: A partnership firm should not exceed-partners
Answer: 20Answer
Q98: A person can be a Director of not more than
Answer: 20 companiesAnswer
Q99: A person can be a Managing Director of not more than
Answer: 1 companyAnswer
Q100: A person can insure
Answer: Only that property which he has financial interestAnswer
