Accounts -60 marks - 5 sample questions
1.Financial Statements are a part of
a. None
b. Accounting
c. Both
d. Book - Keeping
2.Matching concept is based on :Revenue —________= Profit.
a. None of these
b. Expense
c. Asset
d. Liability
3.June2013 Proprietor's personal travelling expenses are not to be charged in business accounts. It is due to_________concept.
a. Conservatism
b. Going concern
c. Materiality
d. Entity
4.Feb2008 During lifetime of an entity accountants prepare financial statements at arbitrary points of time as per :
a. Matching
b. Consistency
c. Prudence
d. Periodicity
5.June2008 The adjustments to be made for prepaid expenses is :
a. Deduct prepaid expenses from respective expenses and show it as a liability
b. Add prepaid expenses to respective expenses and show it as an asset
c. Deduct prepaid expenses form respective expenses and show it as an asset
d. Add prepaid expenses to respective expenses and show it as a liability
Law -40 marks - 5 sample questions
1.June2013 A document issued by railway company acknowledging receipt of goods is known as:
a. Railway Receipt
b. Bill of lading
c. None of these
d. Dock warrant
2.Dec2012 In a contract of sale if no price has been fixed by the parties, then the buyer is required to pay :-
a. Reasonable price
b. Maximum market price
c. Average price of the year
d. Lowest market price
3.Dec2010(5) Failure by a minor to give public notice within six Months will have following effect.
a. The partnership firm stands dissolved.
b. Minor automatically becomes partner.
c. The partnership becomes an illegal association.
d. Minor automatically ceases to be a partner.
4.Feb2008(1) Retiring partner continues to be liable for acts of the firm done :
a. Upto the date of admission of a new partner
b. Upto the close of the financial year in which he retires
c. Upto the date of giving public notice of retirement
d. All of the above
5.Dec13 Which of the following is not an exception to the rule “No Consideration, No Contract”?
a. None of the above
b. Contract of agency
c. Love & affection
d. Compensation for past Voluntary services
Economics -50 marks - 5 sample questions
1. June2010 Micro economics is also known as
a. Public economics.
b. Demand theory.
c. Income theory.
d. Price theory.
2.Dec2011 Which of the following statements is incorrect?
a. A.0 Pigou believed in "welfare" aspect of Economics
b. L. Robbins introduced the "Scarcity" definition of Economics
c. Samuelson emphasised upon the "growth" aspect of Economics
d. Alfred marshall propagated the wealth definition of Economics
3.Dec2008 Elasticity between two points:
a. Point elasticity
b. Cross elasticity
c. Arc elasticity
d. None
4.Dec13(3) A Higher IC shows
a. A Higher level of production
b. A Higher level of satisfaction
c. None of the above
d. A Higher level of Income
5.Dec2010(3) Which function shows relationship between input and output?
a. Consumption function
b. Investment function
c. Production function
d. Cost function
QA-50 marks - 5 sample questions
1.June2011[1] There are 40 students, 30 of them passed in English, 25 of them passed in Maths and 15 of them passed in both.Assuming that every Student has passed at least in one subject. How many student's passed in English only but not in Maths.
a. 15
b. 20
c. 25
d. 10
2.June2011 The Choronological classification of data are classified on the basis of :
a. Area
b. Time
c. Class Interval
d. Attributes
3.June2008[2] The difference between compound interest and simple interest on a certain sum for 2 years @10% p.a is Rs.10. Find the sum :
a. Rs.990
b. Rs.1,010
c. Rs.1,000
d. Rs.1,095
4.Dec2011[3] If the ratio of the roots of the Equation 4x2 - 6x + p = 0 is 1:2 then the value of p is
a. 1
b. 2
c. - 1
d. - 2
5.Feb2007[2] If one root of a equation is 2 + √5, then the quadratic equation is :
a. x2 - 4x - 1= 0
b. x2 - 4x + 1 = 0
c. X2 + 4x + 1 =0
d. x2 + 4x - 1 -= 0
