- Which of the following statements is true ?
(a) Higher the beta, lower the risk
(b) Higher the beta, higher the risk
(c) If beta is zero, total risk is zero
(d) Beta is unrelated to risk - Amount of risk reduction in a portfolio depends upon
(a) Market movement
(b) Degree of correlation
(c) No. of shares
(d) Duration of the portfolio - NAA Committee on accounting for corporate social performance has not identified, one of the following
(a) Community Development
(b) HRD
(c) Physical Resources and Environmental Considerations
(d) Corporate Governance - Match List – I with List – II :
List – I List – II a. Inflation Accounting I) HRA b. Cost centres II) Social Accounting c. Jaggi and Lau model III) Responsibility Accounting d. CSR IV) CCA Codes :
a b c d
(a) IV III I II
(b) III I II IV
(c) IV II I III
(d) II I IV III - Match List I with List II :
List – I List – II a. C.B. Bhave Committee I) Delisting norms for stock exchanges b. Dr. K. R. Chandratre Committee II) SEBI c. SEC III) RBI d. ECBs IV) Foreign Debt V) Corporate Disclosure standards Codes :
a b c d
(a) I V II IV
(b) V I III IV
(c) V I II IV
(d) V I IV III - Match List – I with List – II :
List – I List – II a. Exit Load I) Computerised Accounting b. Treasury Bill II) Sale of Mutual Fund Units c. Factoring III) Money Market d. Tally IV) Refinancing Debt V) Lease Financing Codes :
a b c d
(a) II III IV I
(b) III II IV I
(c) V II III I
(d) V III II I - Normally, direct ask price is _____ than the direct bid price.
(a) Equal
(b) Greater
(c) Lesser
(d) Not related - In India, derivatives in interest rates are regulated by
(a) SEBI
(b) Forward Market Commission
(c) RBI
(d) MOF - Merger of two companies under BIFR supervision is known as
(a) Reverse merger
(b) Negotiated merger
(c) Offer for sale
(d) Arranged merger - A short term lease which is often cancellable is known as
(a) Finance lease
(b) Net lease
(c) Operating lease
(d) Leverage lease - Commercial paper are generally issued at prices
(a) Equal to face value
(b) More than face value
(c) Less than face value
(d) Equal to redemption value - Which of the following is a liability of a bank ?
(a) Treasury Bills
(b) Commercial papers
(c) CDs
(d) Junk Bonds - Which of the following is not available in India ?
(a) Index options
(b) Index futures
(c) Commodity options
(d) Commodity futures - Risk can be defined as
I. Actual return – expected return
II. The surprise portion of an announcement
III. Both systematic and unsystematic
IV. The discounted portion of an announcement
Codes :
(a) I and IV only
(b) II and III only
(c) I, II and III only
(d) II, III and IV only - Which one of the following is an example of unsystematic risk ?
(a) An increase in inflation
(b) Decrease in interest rates
(c) Decrease in rupee value
(d) Labour strike against a plastic firm - Which concept of marketing philosophy recognises that “everything matters” ?
(a) The production concept
(b) The product concept
(c) The marketing concept
(d) The holistic marketing concept - Who proposed the concept of meta market ?
(a) Sawhney
(b) Robert Lauterborn
(c) Philip Kotler
(d) Levitt - Match the following :
List – A List – B a. Product i) Communication b. Price ii) Convenience c. Place iii) Customer solution d. Promotion iv) Customer cost Codes :
a b c d
(a) i ii iv iii
(b) iii iv ii i
(c) ii iii iv i
(d) iii ii i iv - Assertion (a) : Corporate social marketing leads to social change.
Reasoning (R) : Making gifts of money or goods to individuals or groups is one of corporate social initiatives.
Codes :
(a) Both (a) and (R) are correct
(b) (a) is correct and (R) is not correct
(c) (a) is incorrect and (R) is correct
(d) Both (a) and (R) are incorrect - What is the correct order of the following in strategic marketing ?
i. Targeting
ii. Positioning
iii. Segmenting
iv. Selling
Codes :
(a) iv i ii iii
(b) iii i ii iv
(c) ii i iii iv
(d) iv iii ii i - Modern marketing is a process of
(a) Choosing the value
(b) Providing the value
(c) Communicating the value
(d) Choosing, providing and communicating the value - The marketing strategy, which aims at selling the current products in the markets
for gaining more market share, is called
(a) Product Development Strategy
(b) Market Development Strategy
(c) Market Penetration Strategy
(d) Diversification Strategy - Assertion (a) : Absence of defensive marketing action would lead to an environmental threat.
Reasoning (R) : Environmental threat caused by an unfavourable trend in market results in decline in sales or profits.
Codes :
(a) Both (a) and (R) are correct
(b) (a) is correct and (R) is incorrect
(c) (a) is incorrect and (R) is correct
(d) Both (a) and (R) are incorrect - Match the following :
List – A List – B a. Platinum customers i) Low profitable but desirable b. Gold customers ii) Unprofitable and undesirable c. Iron customers iii) Most profitable d. Lead customers iv) Profitable Codes :
a b c d
(a) i ii iii iv
(b) ii i iii iv
(c) iii iv i ii
(d) iv iii ii i - Which of the following is/are included in building brand loyalty ?
i. Basic marketing
ii. Reactive marketing
iii. Proactive marketing
iv. Partnership marketing
Codes :
(a) only i
(b) only iv
(c) i, ii and iii
(d) i, ii, iii and iv - Customer value is equal to
(a) Customer benefits – Customer costs
(b) Customer benefits – Product benefits
(c) Customer benefits – Service benefits
(d) Customer benefits – Image benefits - Intensive distribution strategy is adopted when the product reached __________
stage of its life cycle.
(a) Introductory stage
(b) Growth stage
(c) Maturity stage
(d) Decline stage - Assertion (a) : The product life cycle concept yields a product – oriented picture rather than a market – oriented picture.
Reason (R) : The PLC is not an independent variable to which the company should adopt their marketing programmes.
Codes :
(a) Both (a) and (R) are correct
(b) (a) is correct and (R) is incorrect
(c) (a) is incorrect and (R) is correct
(d) Both (a) and (R) are incorrect - Arrange the following needs as per Maslow’s hierarchy of needs.
i. Self actualisation needs
ii. Social needs
iii. Esteem needs
iv. Physiological needs
v. Safety needs
Codes :
(a) iv v ii iii i
(b) i ii iv v iii
(c) ii iii v iv i
(d) iii ii iv v i - Match the following :
List – A List – B
a. Counterfeiter i) Takes leader’s product and improves it
b. Cloner ii) Copies things from the leader
c. Imitator iii) Emulates leader’s product
d. Adapter iv) Duplicates leader’s product
Codes :
a b c d
(a) i iii ii iv
(b) iii ii i iv
(c) ii i iii iv
(d) iv iii ii i - The traditional term used for humanresource planning is
(a) Gap analysis
(b) Employee planning
(c) Personnel planning
(d) Man-power planning - Heavy reliance on internal recruitment can result in
(a) Internal conflict
(b) Reduced performance
(c) High labour turnover
(d) Poor group dynamics - Statements :
I. Balanced score card is a measurement framework that help managers translate strategic goals into operational objectives.
II. Ergonomics is an interdisciplinary approach for designing equipment and systems that can be easily and efficiently used by human beings.
(a) Both are correct
(b) Both are incorrect
(c) I is correct II is incorrect
(d) II is correct I is incorrect - Match the following :
List – A List – B
a. Reliability i) The extent to which a selection tool measures a theoretical construct
b. Validity ii) The degree to which selection procedures yield comparable data over time and alternative measures
c. Content validity iii) The degree to which selection procedure measures a person’s
attributes
d. Concurrent validity iv) The extent to which test scores match the data obtained from
current employees
Codes :
a b c d
(a) ii i iv iii
(b) iv ii iii i
(c) ii iii i iv
(d) ii i iii iv - Which of the following are generic skills ?
a. Leadership
b. Team working
c. Motivation
d. IT skills
(a) a, b and d
(b) a, b and c
(c) a and b
(d) b and c - A performance rating system is
(a) Achievements during the current year
(b) The degree of performance of an organisation
(c) Details of the extent to which objectives are achieved
(d) A score relating to overall performance - The process of identifying, developing and tracking key individuals is called
(a) Human resource planning
(b) Succession planning
(c) Selection
(d) Recruitment - A team widely disbursed but linked through computer technology is called
(a) Employee teams
(b) Work groups
(c) Virtual teams
(d) Top management team - Statements :
I. The point system is a qualitative job evaluation procedure that determines a job’s relative value.
II. Transfer of training refers to the effective application of principles learned to what is required on thejob.
(a) I is correct II is incorrect
(b) II is correct I is incorrect
(c) Both are correct
(d) Both are incorrect - Match the following :
List – A List – B
a. Cross functional teams i) A group formed for a specific job
b. Project teams ii) A group consisting of specialists from different departments
c. Self-directed teams iii) A group formed to solve a major problem immediately
d. Task force teams iv) Highly trained individuals performing a set of interdependent jobs
Codes :
a b c d
(a) iii ii i iv
(b) i ii iv iii
(c) ii i iii iv
(d) ii i iv iii - Lines of advancement in an occupational field within an organisation is called
(a) Career path
(b) Promotion
(c) Transfer
(d) Job progression - __________ involves determining which employees need training and which do not.
(a) Training need analysis
(b) Person analysis
(c) Competency assessment
(d) Work-force scanning - The term union density refers to
(a) The total number of workers who are union members
(b) The proportion of workers who are not the members of union
(c) The proportion of workers who are the members of union
(d) The number of workers whose pay is set by collective bargaining - The reasons for using multiple systems of performance appraisal are
a. To provide employees with a choice methods
b. To prevent the misuse of performance appraisal systems by the managers
c. Different systems are required for different departments
d. To separate reward and non-reward aspects of appraisal
Codes :
(a) a, b and c
(b) b, c and d
(c) c, d and a
(d) c and d - Statements :
I. Spot bonus is an unplanned bonus given for employee effort unrelated to an established performance measure.
II. A promotion is a change of assignment to a job at a higher level in an organisation.
Codes :
(a) Both are correct
(b) Both are incorrect
(c) I is correct, II is incorrect
(d) II is correct, I is incorrect - What are the factors contributing towards the success of India’s software industry ?
(a) Low wage rate, compared tointernational standards
(b) Educated middle class and top institutes
(c) Emphasize in engineering and English as working language
(d) All of the above - Which of the following organization publishes International Financial
Statistics and World Investment Report ?
(a) IMF
(b) UNCTAD
(c) World Bank
(d) Both (a) and (b) above - If spot USD1 = INR 47.30, 2 months forward discount = 40 paise, forward rate should be
(a) 47.70
(b) 42.80
(c) 46.90
(d) 36.50 - Assertion (a) : Licensing may not be the best way to expand overseas.
Reason (R) : Licensing typically involves each licensee setting up its own
production operations.
Codes :
(a) (a) and (R) are correct
(b) Both are incorrect
(c) (a) is correct, (R) is incorrect
(d) (a) is incorrect, (R) is correct - Match the following :
List – I List – II
(Country) (Currency)
i. Argentina 1) Real
ii. France 2) Dinar
iii. Jordan 3) Franc
iv. Brazil 4) Peso
Codes :
i ii iii iv
(a) 4 1 2 3
(b) 4 3 2 1
(c) 2 1 3 4
(d) 1 2 4 3 - For the sanction of credit, IDA observe the following criteria
i. poverty test, performance test, project test
ii. population test, performance test, profitability test
iii. productivity test, profitability test, performance test
Codes :
(a) (i) is correct (ii) and (iii) incorrect
(b) (i) is incorrect (ii) is correct
(c) (i) and (ii) incorrect (iii) is correct
(d) (i), (ii) and (iii) are incorrect - Under ________ rate system, exchange rate of the currency of a country is determined entirely by market forces such as demand and supply.
(a) Pegging
(b) Basket floating
(c) Managed floating
(d) Pure floating - Which of the following statement is incorrect with respect to membership of Regional Trading Blocks ?
(a) Vietnam and Cambodia have become member of ASEAN
(b) Mexico is part of NAFTA
(c) Nicaragua have become member of OECS
(d) SAARC countries comprise Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka - Arrange the following attitudes identified by EPRG framework toward internationalisation in sequence
i. Geocentrism
ii. Polycentrism
iii. Ethnocentrism
iv. Regiocentrism
Codes :
(a) i ii iv iii
(b) i iii iv ii
(c) iii ii i iv
(d) ii iii iv i - Match the following institutions with their year of establishment :
i. World Trade Organisation 1) 1999
ii. WTO – Trade Policy Review Body 2) 1993
iii. The Patents (Amendment) Act 3) 1995
iv. Uruguay Round Negotiations 4) 1997
Codes :
i ii iii iv
(a) 1 3 2 4
(b) 3 4 1 2
(c) 2 3 4 1
(d) 4 2 3 1 - ________ agreement of WTO recognizes ‘movement of natural persons’ as one of the models for globalisation.
(a) GATS
(b) GATT
(c) TRIPS
(d) TRIMS - Which of the following major issue does not relate to the financial aspects of
exporting ?
(a) Price of the product
(b) Method of payment
(c) Location of production
(d) Insurance - Assertion (i) : Import of raw material is permitted under EPCG scheme.
Reason (ii) : DEPB is an export incentive scheme based on the principle of duty
exemption/drawback.
Codes :
(a) Both (i) and (ii) are true
(b) Both (i) and (ii) are false
(c) (i) is true, (ii) is false
(d) (i) is false, (ii) is true - Arrange the following institutions in the order of their inception :
i. SAFTA
ii. WTO
iii. ADB
iv. IBRD
Code :
(a) (i), (iii), (ii) and (iv)
(b) (iii), (iv), (i) and (ii)
(c) (ii), (iii), (iv) and (i)
(d) (iv), (ii), (iii) and (i) - Match the following :
List – I List – II
(MNCs) (Alliances with)
i. Ford 1) Snecma
ii. Xerox 2) Toshiba
iii. General Electric Co. 3) Mazda
iv. Microsoft 4) Fuji
Code :
i ii iii iv
(a) 2 3 1 4
(b) 3 4 1 2
(c) 4 2 3 1
(d) 1 3 4 2 - Which of the following is not a capital receipt and, therefore, is not taxable ?
(a) Income of wasting assets
(b) Receipt in lieu of source of income
(c) Receipt on account of circulating capital
(d) Subsidy given to carry-out business operation - Mr. X is employed in Karnataka Paper Co. at Rs. 6,000 p.m. He is a member of
the R.P.F. to which he and his employer contribute 14% of his salary. During the
year, he was given a credit of Rs. 2,100 as interest on R.P.F. balance of Rs. 20,000.
The amount of annual accretion to be included under the head “salaries” will be
(a) Rs. 1,080
(b) Rs. 1,440
(c) Rs. 2,100
(d) Rs. 1,640 - Assertion (a) : Mr. X is an employee and beneficial owner ofequity shares in Y Ltd.
(carrying not less than20% voting rights) and, therefore, car facility provided to him is not a taxable perquisite.
Reasoning (R) : Y Ltd. provides education facility to the children of employee X and,
therefore, it is a taxable perquisite.
Codes :
(a) Both (a) and (R) are correct
(b) (a) is correct and (R) is incorrect
(c) (a) is incorrect and (R) is correct
(d) Both (a) and (R) are incorrect - In respect of which of the following houses owned by Mr. X, the de facto rent is the determinant of the Gross Annual Value (GAV) ?
Houses Municipal Fair Standard De facto Value Rent Rent Rent
(Rs.) (Rs.) (Rs.) (Rs.)
i. House – A 30,000 36,000 30,000 40,000
ii. House – B 26,000 28,000 35,000 30,000
iii. House – C 35,000 30,000 36,000 32,000
iv. House – D 30,000 36,000 40,000 32,000
Codes :
(a) (i) and (ii)
(b) (i) and (iii)
(c) (iii) and (iv)
(d) (i) and (iv) - Match the following :
List – A List – B
(Loss) (Carrying forward period)
a. House property i) 4 years loss
b. Speculation loss ii) No time limit
c. Unabsorbed iii) Eight years
d. Short-term and iv) 8 years long-term capital loss
Codes :
a b c d
(a) i ii iii iv
(b) ii iii iv i
(c) iii i iv ii
(d) iv i ii iii - Given that Mr. X’s business income is Rs. 2,90,000, bank interest is Rs. 10,000 and he paid rent @ Rs. 3,500 p.m. for the house occupied for his residence, the allowable deduction under Section 80 GG is
(a) Rs. 42,000
(b) Rs. 75,000
(c) Rs. 27,000
(d) Rs. 12,000 - An individual, who is required to file the return fails to file it before the end of theassessment year, he is liable to paypenalty of
(a) Rs. 500
(b) Rs. 2,000
(c) Rs. 5,000
(d) Rs. 10,000 - Statement (a) : Mr. X is eligible to claim deduction in respect of aggregate interest on deposits in Savings Account U/S 80 TTA.
Statement (b) : During the previous year 2013 – 14, Mr. X received interest of Rs.10,000 and claimed deduction.
Codes :
(a) Both (a) and (b) are correct
(b) (a) is correct and (b) is incorrect
(c) (a) is incorrect and (b) is correct
(d) Both (a) and (b) are incorrect - Of the following non-corporate assesses,to whom the provisions of the alternative
minimum tax are not applicable w.e.f. the assessment year 2013 – 14 ?
i. Limited Liability Partnership Firm
ii. Individual having adjusted total income exceeding Rs. 20 lakhs
iii. Individual having adjusted total income not exceeding Rs. 20 lakhs
iv. Artificial juridical person
Codes :
(a) (i), (ii) and (iv)
(b) (i), (iii) and (iv)
(c) (ii), (iii) and (iv)
(d) (iii), (ii) and (i) - Match the following :
List – A List – B
a. Submission of return of loss i) Sec. 139 (5)
b. Submission of belated return ii) Sec. 139 (9)
c. Submission of revised return iii) Sec. 139 (3)
d. Submission of defective return iv) Sec. 139 (4)
Codes :
a b c d
(a) iv iii ii i
(b) iv i ii iii
(c) iii iv i ii
(d) i ii iii iv - Depreciation u/s 32 is to be calculated at a specified rate on
(a) Purchase cost of an asset
(b) Written down value of the asset
(c) Written down value of the block of assets on the first day of the previous year
(d) Written down value of the block of assets on the last day of the previous year - If Mr. X transfers self-generated goodwill of business for Rs. 1,75,000 and if the fair
market value of the same on 1st April 1981 is Rs. 10,000; the amount of capital gains
chargeable to tax will be
(a) Rs. 1,75,000
(b) Rs. 1,65,000
(c) Rs. 1,85,000
(d) Nil - Which of the following is (are) not eligible for consideration while computing the gross qualifying amount under Section 80 C ?
i. Insurance premium paid on own life
ii. Insurance premium paid on wife’s life
iii. Insurance premium paid on father’s life
iv. Insurance premium paid on mother’slife
Codes :
(a) only (i)
(b) only (ii)
(c) (iii) and (iv)
(d) (i) and (ii) - Statement (a) : Deemed incomes are not liable for taxation.
Statement (b) : Mr. X transferred his property to his major son and, therefore, avoided income tax.
Codes :
(a) Both (a) and (b) are correct
(b) (a) is correct and (b) is incorrect
(c) (a) is incorrect and (b) is correct
(d) Both (a) and (b) are incorrect - Match the following :
List – A List – B
a. Deduction of tax i) Sec. 194 from salary
b. Deduction of tax ii) Sec. 194 (b) interest on securities
c. Deduction of tax iii) Sec. 193 from dividends
d. Deduction of tax iv) Sec. 192 winnings from lotteries
Codes :
a b c d
(a) i ii iv iii
(b) ii i iv iii
(c) iv iii i ii
(d) iii i ii ivAnswer Key
1 (b) 2 (b) 3 (d) 4 (a) 5 (c) 6 (a) 7 (b) 8 (c) 9 (b) 10 (c) 11 (c) 12 (c) 13 (c) 14 (c) 15 (d) 16 (d) 17 (a) 18 (b) 19 (a) 20 (b) 21 (d) 22 (c) 23 (a) 24 (c) 25 (d) 26 (a) 27 (b) 28 (a) 29 (a) 30 (d) 31 (d) 32 (b) 33 (a) 34 (c) 35 (b) 36 (d) 37 (b) 38 (c) 39 (b) 40 (d) 41 (a) 42 (b) 43 (c) 44 (c) 45 (a) 46 (d) 47 (d) 48 (c) 49 (a) 50 (b) 51 (a) 52 (d) 53 (c) 54 (c) 55 (b) 56 (a) 57 (c) 58 (d) 59 (b) 60 (b) 61 (b) 62 (d) 63 (c) 64 (a) 65 (d) 66 (d) 67 (c) 68 (a) 69 (a) 70 (c) 71 (d) 72 (a) 73 (c) 74 (a) 75 (c)