- What is the objective of tax management?
(a) Minimize tax liability
(b) Avoid tax liability
(c) Comply the provision of law
(d) Above all - Choose wrong matching
(a) Luca Pacioli – father of Modern Accounting
(b) Luca Pacioli – Summa
(c) Luca Pacioli – Double entry book keeping
(d) Luca pacioli – Ethical approach - Managing earning through accounting manipulation is known as
(a) Dirty surplus
(b) Earning management
(c) Management by earning
(d) Income surplus - Joint control in joint venture is usually established by
(a) Equal holding of voting rights by all joint venture partners
(b) An informal contractual arrangement
(c) Contractual arrangement writing
(d) A statutory requirement - The payment of bonus to employees based on the profits of the company and its act an incentive for the work force as a whole to work collectively to improve the overall result of the organization is known as
(a) Bonus scheme
(b) ESOP
(c) Profit sharing
(d) None of all - The gearing ratio analysis the firm’s ability to meet all its liabilities, this ratio is called
(a) Current
(b) Leverage
(c) Solvency
(d) None of all - The reliability of ratio is dependent on the reliability of_____information
(a) Accounting
(b) Financial
(c) Managerial
(d) None of all - Long term funds to be used for financing permanent current assets and short term funds to be used for financing temporary current assets is applicable to
(a) Matching approach
(b) Conservative approach
(c) aggressive approach
(d) None of all - The process of ascertainment of present value is called
(a) Discounting
(b) Capitalizing
(c) Compounding
(d) None of all - It is a non cancelable contractual commitment on the part of lessee,who acquire most of the economic values associated with the outright ownership of the assets at the end of the lease period
(a) Financial lease
(b) Operating lease
(c) Sales and leaseback
(d) None of all - It is known exactly what will happen in future and it cannot be quantified is known as
(a) Risk
(b) Variance
(c) Uncertainty
(d) None of all - Company can issue sweat equity shares to its
(a) Employees
(b) Public
(c) Creditors
(d) None of all - Choose wrong statement from the followings
(a) Absorption costing is also known as cost plus costing where a fixed percentage is added to total cost to cover profit.
(b) Contribution is a pool of amount from which total fixed costs will be deducted to arrive at the profit or loss
(c) In marginal costing,stock of work in progress and finished goods are valued at marginal cost of production
(d) None of all - Span of management refers to the
(a) Number of subordinates supervised by a manager
(b) Number of supervisors a manager has to report
(c) Activities performed by a manager
(d) None of the above - Which of the following features is essential for leadership:?
(a) Existence of followings
(b) Willing acceptance by the followers
(c) Both a and b
(d) None of the above - In the context of present global economy which philosophy should be adopted by the Indian firms?
(a) Customers driven philosophy
(b) Production driven philosophy
(c) Sales driven philosophy
(d) Distributive driven philosophy - Which of the following is not the cause of downward slopping demand curve?
(a) Substitution effect
(b) Income effect
(c) Law of diminishing marginal utility
(d) None of the above - The law of variable proportions is not applicable in
(a) Industrial sector
(b) Construction sector
(c) Agricultural sector
(d) None of the above 
- Trading on equity refers to
(a) Using fixed interest bearing debt capital along with equity capital
(b) Smaller borrowings and larger profits
(c) 100% dividend pay out ratio
(d) Selling of equity shares - CAPM is a
(a) Model for a analyzing as to why a rational investor invests his funds in risk free assets
(b) Model for a analyzing as to why rational investor invest his funds in risky ventures when there are chances for him to invest in risk free assets
(c) Both of the above
(d) None of the above - The mechanism to identity any employees growth potential is called
(a) Job enrichment
(b) Assessment center
(c) Job evaluation
(d) Appraisal - Performance appraisal is
(a) Morale boosting technique
(b) Training and development activity
(c) Job analysis technique
(d) All of the above - A technique by which a new employee is rehabilitated into the changed surroundings and introduced to the practices,policies and policies and purpose of the organization is called
(a) Induction
(b) Refreshing the employees
(c) Placement
(d) None of the above - The leadership style which is based on consultation with his group is called
(a) Autocratic style
(b) Democratic style
(c) Paternalistic style
(d) None of the above - The founder of the behaviouralistic approach to management is
(a) Elton mayo and his followers
(b) Porter and lawler
(c) A.H.Maslow
(d) None of the above - NABARD was earlier
(a) A part of RBI
(b) Agricultural department of RBI
(c) Only a state level institution
(d) None of the above - The ‘Gold Card Scheme’ is announced for
(a) Importers
(b) Employers
(c) Exporters
(d) None of these - Balance of payment is
(a) An increase in imports
(b) Annual record of a country’s monetary transactions
(c) When impose=exports
(d) None of the above - The rate of exchange is
(a) Expression of one country’s currency in terms of other country’s currency
(b) The rate at which home currency is exchanged for the foreign currency
(c) Both of the above
(d) None of the above - Marginal revenue is_______at maximum total revenue and negative beyond that point
(a) +1
(b) -1
(c) Zero
(d) One - Luxuries are goods and services for which
(a) E1 < 1
(b) E1 < 1
(c) E1 > 1
(d) E1 > 1 - The most common type of price discrimination is
(a) Zero degree
(b) First degree
(c) Second degree
(d) Third degree - _______is one of the most important aspects of decision making theory
(a) Hypothesis testing
(b) Analysis
(c) Interpretation
(d) Reporting 
- Hawthrone experiment was conducted by
(a) Elton mayo
(b) Henry fayol
(c) F.W.Taylor
(d) P.F.Drucker - The excess of total expenditure over total revenue is called as
(a) Revenue deficit
(b) Fiscal deficit
(c) Budget deficit
(d) None of the above - Which one of the following is exempted from income tax?
(a) Foregoing of salary
(b) Surrender of salary
(c) Profits in lieu of salary
(d) None of the above - Family pension is taxed as
(a) Income from other sources
(b) Salary income
(c) Profits in lieu of salary
(d) All of the above - Baggage is a concept applicable in
(a) Excise duty
(b) Octroi duty
(c) Customs duty
(d) Estate duty - When sale of securities are to be carried forward the changes to be payable are called as
(a) Contango charges
(b) Backwardation charges
(c) Security transaction tax
(d) None of the above - The base date for Bombay stock exchange sensex is
(a) 1st April 1978
(b) 1st April 1980
(c) 1st April 1981
(d) 1st April 1979 - Cost driver is a term used in
(a) Life cycle costing
(b) Target costing
(c) Activity based costing
(d) standard costing - Which one of the following is a recorded fact?
(a) Market value of investments
(b) Debtors
(c) Replacement cost of machinery
(d) All of the above - Stock at the end results in the
(a) Application of funds
(b) Sources of funds
(c) No flow of funds
(d) None of the above - Overhead cost variance is the difference between
(a) Recovered Overheads and actual overheads
(b) Budgeted Overheads and actual overheads
(c) Budgeted Overheads and standard overheads
(d) None of the above - Residual reserve test is applicable in the case of issue of
(a) Right shares
(b) Preference shares
(c) Debentures
(d) Bonus shares - The total value of inventory will be the least in case of
(a) Aggregate or total inventory method
(b) Item by Item method
(c) Group or category method
(d) All of the above - Which one of the following companies does not belongs to IT sector?
(a) Unitech
(b) Tech Mahindra
(c) Rolta India
(d) Technocraft Industries Ltd - Which one of the following funds buys the market?
(a) Hybrid funds
(b) Equity funds
(c) Index funds
(d) Liquid funds - The product which is introduced recently in the commodity market
(a) Pepper
(b) Cauliflower
(c) Sugar
(d) Coriander - Blue chip share indicate
(a) The share which is not traded
(b) The share may traded in OTC market
(c) The share are actively traded in the market
(d) The share are the foreign company shares - CEO of Pepsi
(a) Kiran Bedi
(b) Indira Gandhi
(c) Selirosaliyo
(d) Indira Nooyi - The fund which is made up of both portfolio of stock and bonds
(a) Growth fund
(b) Option fund
(c) Income fund
(d) Hybrid fund - World investment report is an annual publication of
(a) UNCTAD
(b) World Bank
(c) WTO
(d) IMF - One SDR was equivalent to
(a) 0.088671 Gms of gold
(b) 0.008671 Gms of gold
(c) 0.888671 Gms of gold
(d) 8.888671 Gms of gold - This term is derived from the Greek word ‘Oikanomia’ means House management”.
(a) Family business
(b) Internal business
(c) Economy
(d) Commerce - In money market,what is the term used for the non-convertible paper money?
(a) Fiat money
(b) Benz money
(c) Ford money
(d) None - What is known as the cost of living index which represents the goods and services purchased by consumers?
(a) CPI – Consumer price index
(b) RPI – Retail price index
(c) PCE – Personal consumption expenditures
(d) PPi – Producer price index - Which is the only country having paper currency and have no coins and it introduced cheque only in 1997?
(a) Vietnam
(b) Zimbabwe
(c) Somalia
(d) Cambodia - If you have caused an accident,which type of automobile insurance would cover damage to your own car?
(a) Term
(b) Collision
(c) Comprehensive
(d) Liability - Which was the first private mutual fund company in India?
(a) Kothari pioneer
(b) Sahara mutual fund
(c) Unit trust of India mutual fund
(d) LIC mutual fund - Premium implies that the foreign currency is expensive and has a high price than the______
(a) Spot rate
(b) Forward rate
(c) a and b both
(d) None of these - Expecting the opportunity for introducing ” a new market or a new product or a new technique” that entrepreneurs are called
(a) Fabian entrepreneurs
(b) Forced entrepreneurs
(c) Innovative entrepreneurs
(d) Adoptive entrepreneurs - Tandon committee is connected with
(a) Fixed capital requirement
(b) Permanent capital requirement
(c) Working capital requirement
(d) All of the above - A country’s terms of trade are generally determined by
(a) The value of gold reserve held by its central bank
(b) Supply and demand in the world market
(c) Its rate of capital formation
(d) Number of competitors whose economics are based on free market - The best suited fund to the business people is:
(a) Income fund
(b) Balanced fund
(c) Growth fund
(d) Taxation fund - Under factoring the factor acts in the capacity of
(a) An agent of his client
(b) A trustee
(c) A holder for value
(d) An administrator - The concept if securitization is associated with
(a) Capital marketing
(b) Money marketing
(c) Debt market
(d) Foreign exchange market - Financial derivatives are mainly used for
(a) Speculative activities
(b) Creating more risks
(c) Hedging risks
(d) Earning income - Value engineering stresses upon
(a) Profit maximization
(b) Human relations
(c) Methods study
(d) Functional analysis - PERT network are based on
(a) Two time estimates
(b) Three time estimates
(c) Single time estimate
(d) None of the above - The Simulation technique will be useful when
(a) A precise solution is required
(b) Problems are complex
(c) Problems cannot be solved mathematically
(d) None of the above - Which one of the following forms of organization would best describe the blend of departmentation by function and departmentation by product?
(a) Virtual organisation
(b) Strategic business unit
(c) Brick and mortar
(d) Matrix organisation - The continuous process of comparing organizational strategies,products or processes with those of the best-in-class organizations is
(a) Quality circle
(b) Benchmarking
(c) Kaizen
(d) TQM - The process of determining how to pursue long term goals with the expected resources available to the organization is called
(a) Operational planning
(b) Strategic planning
(c) Intermediate planning
(d) Tactical planning - The quality of information is measured by its
(a) Accuracy
(b) Cost
(c) Degree of statistical validity
(d) Timeliness - Dumping is an example of:
(a) Monopolistic practice in international trade
(b) Monopoly in international trade
(c) Oligopoly in international trade
(d) Perfect competition in international trade - Wider span of control is effective in organization where:
(a) Authority delegation is inadequate
(b) Tasks are complex
(c) Through subordinate training scheme exists
(d) The leadership style is authoritarian - How many broad phases are there in project life cycle?
(a) 5
(b) 3
(c) 4
(d) 2 - The term “Capitalization” is used with reference to
(a) Partnership
(b) Joint stock company
(c) Co-operatives
(d) None of these - The first stock exchange to be set up in India was in
(a) Delhi
(b) Bombay
(c) Calcutta
(d) Madras - The importer cannot like delivery of goods unless he produces the
(a) Bill of sight
(b) Certificate of origin
(c) Shipping Bill
(d) Bill of landing 
- “Motivational process and not the motivators as such” ______is associated with the
(a) Need hierarch theory
(b) Two-factor theory
(c) ERG theory
(d) Expectancy theory - The management concept “Administration Industrial et General” is associated with
(a) Henry fayol
(b) F.W.Taylor
(c) Douglas McGregor
(d) Peter Drucker - A “Bill of exchange” is drawn by a
(a) Creditor
(b) Debtors
(c) Shareholders
(d) Debenture holders - Share premium is a
(a) Capital receipt
(b) Revenue receipt
(c) Investment receipt
(d) None of these - Speculation in stock exchange means
(a) Investment in securities
(b) Gambling in securities
(c) Buying and selling of securities with a hope of making profits
(d) Long term holding of securities - EXIM Bank of India was established in the year
(a) 1964
(b) 1976
(c) 1980
(d) 1982 - Theory X stands that
(a) Workers prefer to be directed
(b) Workers exercise self direction and self control
(c) Workers have inherent liking for work
(d) None of these - When a security or commodity price has reportedly fallen to a certain price,but has than recovered is called as
(a) Support level
(b) Resistance level
(c) Tolerance level
(d) Reporting level - The asset on which a future or option or warrant is based is called as
(a) Underlying asset
(b) Fixed asset
(c) Current asset
(d) Fictitious asset - The smaller price in a foreign exchange quotation is termed as
(a) Bid price
(b) Beta price
(c) Ask price
(d) Gamma price - The arrangement in which investment banker’s undertake to ensure the full source of the issue of securities
(a) Underwriting
(b) Undertaking
(c) Assurance
(d) Commitment - Bonds issued by parties outside their domestic financial markets is called as
(a) Foreign bonds
(b) Euro bonds
(c) Insurance plan
(d) Fixed deposit - “Magnum monthly income plan” is an instrument of
(a) Mutual fund
(b) Stock market
(c) Insurance plan
(d) Fixed deposit - Which of the following is not an example of compressed data?
(a) Frequency distribution
(b) Data array
(c) Histogram
(d) Ogive - Continuous data is differentiated from discrete data in that
(a) Discrete data classes are presented by fractions
(b) Continuous data class may be represented by fractions
(c) Continuous takes on only whole members
(d) Discrete data can take any real number - Binomial distribution may be approximated by a poisson distribution if
(a) “n” is large and “p” is large
(b) “n” is large “p” is small
(c) “n” is small “p” is small
(d) None of the above