1. Castigate [A]Mental Disorder Marked By Confusion [B]Prominent [C]Sad; Solemn [D]Punish
2. Centaur [A]Club; Heavy-Headed Weapon [B]Complex; Knotty; Tangled [C]Mythical Figure, Half Man And Half Horse [D]Confuse; Upset; Embarrass
3. Chastise [A]Be Thankful For; Increase In Worth; Be Thoroughly Conscious For [B]Punish [C]Without Previous Preparation [D]Receiver
4. Clamber [A]Deserving Blame [B]Means Of Support, Food, Nourishment [C]Open Up [D]Climb By Crawling
5. Cogent [A]Vigorous; Strong [B]Generous [C]Pertaining To The Brain Or Intellect [D]Convincing
6. Consecrate [A]Suffering From Indigestion [B]Prudent; Cautious [C]Dedicate; Sanctify [D]Oval; Ambiguous, Either Purposely Or Because Key Words Have Been Left Out
1. The 59th National Film Award for Best actress was given to [A]Vidya Balan [B]Kareena Kapoor [C]Priyanka Chopra [D]Katrina Kaif
2. Which of the following is the abbreviated name of the agency set up to boost up foreign investments in India? [A]FOREX [B]FCCB [C]FIPB [D]FEMA
3. Which of the following is not considered infrastructure sector of the economy? [A]Electricity [B]Textile Sector [C]Telecom [D]Cement
4. Sachin Tendulkar made his 100th century in the match played between India and [A]Pakistan [B]England [C]Bangladesh [D]Sri Lanka
5. Who among the following was awarded padm vibhushan in 2012? [A]TV Rajeswar [B]Aruna Irani [C]AR Rahman [D]Shabana Azmi
6. Which of the following countries is the member of BRICS? [A]South Africa [B]Iran [C]Romania [D]Bhutan
7. Which of the following countries has recently placed first space lab ‘Tiangong-1’ into the orbit? [A]China [B]Japan [C]India [D]Korea
8. Who among the following is the Solicitor General of India at present? [A]Jacob Mathew [B]Rohinton Nariman [C]Gopal Krishnan [D]Ashok Chawla
9. Which of the following schemes has been launched by the Govt of India to motivate school children to attend school regularly? [A]Kutir Jyoti [B]Mid Day Meal [C]RAY [D]Bharat Nirman
10. As per the news published in various news papers govt is planning to set up regulatory body in educational fields especially for [A]Higher education [B]Medical examination [C]Elementary education [D]Secondary education
11. Which of the following countries has been selected as the host of Commonwealth Games 2018? [A]India [B]Australia [C]South Africa [D]Argentina
12. France has agreed to supply ‘Rafale’ to India the deal is about the supply of: [A]Warships [B]RADAR Systems [C]Fighter planes [D]Submarines
13. Seychelles where China is going to set up new military base, is a country in the: [A]Bay of Bengal [B]China Sea [C]Indian Ocean [D]Red Sea
14. Which of the following term is used in the field of economics? [A]Absolute Zero [B]Molecular Equation [C]Zero Point Energy [D]Balance of Payments
15. Kyoto Protocol an agreement signed by various countries is associated with the field of: [A]International trade [B]Clean environment and climate change [C]Currency swap [D]Deep sea mining
1. The interest on calls in advance is paid for the period from the [A]Date of receipt of application money to the date of appropriation [B]Date of receipt of allotment money to the date of appropriation [C]Date of receipt of advance to the date of appropriation [D]Date of appropriation to the date of dividend payment
2. Which of the following items should not appear under the head ‘unsecured loans’ in the Balance Sheet of a company? [A]Sinking funds [B]Loans and advances from subsidiaries [C]Short term loans and advances from banks [D]Loans and advances from others
3. Share premium cannot be used to [A]Issue bonus shares [B]Redeem preference shares [C]Write-off preliminary expenses [D]Write-off discount on issue of shares
4. Rishi Ltd. issued 1,50,000 shares of Rs.100 each at a discount of 10%. Rama, to whom 300 shares were allotted failed to pay the final call of Rs.30 per share and hence, all his shares were forfeited. At the time of forfeiture, the amount transferred to share forfeiture account was [A]Rs. 9,000 [B]Rs.18,000 [C]Rs.21,000 [D]Rs.27,000
5. Suma Ltd. announced a rights issue of four shares of Rs.100 each at a premium of 160% for every five shares held by the existing shareholders. The market value of the share at the time of rights issue is Rs.440. The value of right is [A]Rs.124 [B]Rs.352 [C]Rs. 80 [D]Rs.110
6. Which of the following statements is true? [A]A company will be deemed to be a holding company of another if, it holds more than 50 percent of both equity and preference share capital [B]The financial year of the holding company and its subsidiary company must end on the same date [C]The share capital of the subsidiary company does not appear in the Consolidated Balance Sheet [D]The inter company owing will be shown in the Consolidated Balance Sheet
7. On December 01, 2002 H Ltd. acquired 60% shares in S Ltd. The balance of profit and loss account of S Ltd. on April 01, 2002 and March 31, 2003 was Rs.90,000 and Rs.1,50,000, respectively. The profit is earned evenly throughout the year. The share of capital profit of H Ltd. in the profits of the subsidiary as on March 31, 2003 is [A]Rs. 36,000 [B]Rs. 60,000 [C]Rs. 72,000 [D]Rs. 78,000
8. On April 01, 2002, Sura Chemicals Ltd. issued 10,000, 18% Debentures of Rs.100 each. The company reserves the right to redeem its debentures in any year by purchase in open market. Interest on debentures is payable on September 30, and March 31, every year. • On July 1, 2002, the company purchased 2,000 of its own 18% debentures at Rs.98 cuminterest. • The company cancelled its own 2,000 debentures on March 31, 2003. The profit on cancellation of debentures transferred to Capital reserve is [A]Rs. 4,000 [B]Rs. 9,000 [C]Rs.36,000 [D]Rs.13,000
9. Consider the following profits pertaining to a company for the last 3 years: Year Profit (Rs.) 2008-09 Rs.3,30,000 2009-10 Rs.4,20,000 2010-11 Rs.4,80,000 The weighted average profit of the company for the purpose of valuation of goodwill is [A]Rs.4,50,000 [B]Rs.4,35,000 [C]Rs.4,10,000 [D]Rs.3,85,000
10. If a Company believes that some of its debtors may "default", it should act on this by making sure that sufficient provision is created in the books. This is an example of [A]Matching concept [B]Money measurement concept [C]Consistency concept [D]Conservatism concept
11. Which of the following best describes a trial balance? [A]It is a special type of account [B]It shows the double entries made [C]It is a list of balances in accounts in the books [D]It shows the financial position of the business
12. Manoj Ltd. forfeited 200 shares of Rs.10 each, Rs.8 called up, for non-payment of call money of Rs.2 per share. Application money of Rs.2 per share and allotment money of Rs.4 per share have already been received by the company. The company has the practice of transferring the money due to Calls in arrears account. The journal entry for forfeiture involves [A]Debit to Share capital account of Rs.2,000 [B]Credit to Share Final call account of Rs.400 [C]Credit to Share Forfeiture account of Rs.1,600 [D]Credit to Calls in arrears account of Rs.400
13. Which of the following is not an error of commission? [A]Recording of wrong amount in the subsidiary books [B]Wrong totaling of subsidiary books [C]Not recording of a transaction in the subsidiary books [D]Posting on the wrong side of an account
14. The credit balance as per pass book as on March 31, 2003 of Madhu Ltd. was Rs.10,000. As on that date it was further revealed that cheques issued but not presented for payment amounted to Rs.8,000 and cheques deposited but not yet cleared amounted to Rs.20,000. The bank balance as per Cash book stood at [A]Rs.38,000 (favorable) [B]Rs.22,000 (favorable) [C]Rs. 2,000 (unfavorable) [D]Rs.18,000 (unfavorable)
15. Dividend recommended by the Board of Directors till it is adopted in the Annual General Meeting by the shareholders is [A]Shown in Balance Sheet as proposed dividends under the head of current liabilities [B]Shown in Balance Sheet as proposed dividends under the head of provisions [C]Shown in Balance Sheet as declared dividends under the head of provisions [D]Shown in Balance Sheet as a deduction under profit and loss account
1. India’s space rocket launching station is in- [A]Port Blair [B]Sriharikota [C]Hassan [D]Kochi
2. Which of the following steps have been taken up by RBI to ease liquidity crunch in the country? [A]Cut in cash reserve ratio and statutory liquidity ratio [B]Supply of additional currency notes in the market [C]Increase the flow of foreign direct investment [D]None of these
3. The govt of which of the following state has sanctioned Rs 100 Cr for the promotion of organic farming in the state? [A]Tamil Nadu [B]Madhya Pradesh [C]Rajasthan [D]Karnataka
4. USA asked India to reduce its dependence on crude oil supply from which of the following countries which of the member of OPEC? [A]Venezuela [B]Iraq [C]Libya [D]Iran
5. Which of the following is the most of the essential financial services which should be provided to poor people to bring them into the framework of financial inclusions? [A]Pension for old age [B]A bank account where he can small amount [C]Investment plan [D]Life insurance
6. Who among the following is the president of a country at present? [A]Rupert Murdoch [B]Ban ki Moon [C]Yoshihiko Noda [D]Nicolas Sarkozy
7. What does the letter ‘F’ denotes in NBFC a term frequently used in banking world these days? [A]Formal [B]Fiscal [C]Financial [D]Federal
8. Who among the following is the Deputy Governor of the RBI? [A]Sunil Mitra [B]HR Khan [C]Sushma Nath [D]D Subba Rao
9. Standard and Poor’s is an international credit rating agency which of the one such agency has Indian Origin? [A]IBA [B]CRISIL [C]BASEL [D]CRISIL
10. Who among the following is the chief minister of Uttar Pradesh? [A]Akhilesh Yadav [B]Mulayam Singh Yadav [C]Mayawati [D]Amar Singh
11. Coin of which of the following denomination is called a small coin? [A]Rs 1 [B]Rs 2 [C]Rs 5 [D]50 paise
12. Which of the following product has been designed and launched to help students? [A]Personal loan [B]Home loan [C]Medical loan [D]Education loan
13. Which of the following term is not directly associated with the functioning of RBI? [A]Open Market Operations [B]Cash Reserve Ratio [C]SENSEX [D]Public Debt Office
14. Dipika who won Crocodile Challenge Cup Finals, in Dec 2011, is a famous [A]Badminton player [B]Lawn tennis player [C]Table tennis player [D]Squash player
15. Who among the following is the recipient of Nobel Prize in Literature given in 2011? [A]Bruce A Beutler [B]VS Naipaul [C]Tomas Transtromer [D]Ralph M Steinman
1. Affable [A]Loss Of Memory [B]Humoring; Yielding; Lenient [C]Conclusion [D]Courteous
2. Alliteration [A]Violent [B]Dilemma [C]Mental Keenness [D]Repetition Of Beginning Sound In Poetry
3. Amend [A]Platform For Speech-Making; Pulpit [B]Stealthy; Sneaky [C]Unruly [D]Correct; Change, Generally For The Better
4. Anemia [A]Glance Coquettishly At; Make Eyes At [B]Cancel; Revoke [C]Pertaining To Speculative Philosophy [D]Condition In Which Blood Lacks Red Corpuscles
5. Antiquated [A]Exhale; Become Known; Happen [B]Entire Range [C]Old-Fashioned; Obsolete [D]Bankrupt; Lacking Money To Pay
6. Approbation [A]Young Wolf, Dog, Tiger, Etc. [B]Approval [C]Accidental Transposition Of Sounds In Successive Words [D]Showing Hard Work; Taking Great Care
7. Asylum [A]Cautiously Watchful [B]Place Of Refuge Or Shelter; Protection [C]Mildness; Permissiveness [D]Harmful
8. Authoritarian [A]Something New; Newness [B]Inclined To Cruelty [C]Favoring Or Exercising Total Control; Non-Democratic [D]Foul Smelling; Unwholesome
9. Baffle [A]Suitable To Debate Or Courts Of Law [B]Frustrate; Perplex [C]Hanging Down From Something [D]Permitting Light To Pass Through Freely; Easily Detected
10. Beatific [A]Favoring Or Exercising Total Control; Non-Democratic [B]Personal Property [C]Giving Bliss; Blissful [D]Gentle Breeze; West Wind
11. Benignity [A]Blunt; Abrupt [B]State Of Being Kind, Benign, Gracious [C]Sleepwalker [D]Unwilling; Reluctant; Stingy
12. Blanch [A]Group That Meets Socially; Select Circle [B]Supply; Allotted Demand; Assigned Portion Of Work [C]Bleach; Whiten [D]Swindle; Cheat
13. Brazen [A]Inactive; Lacking Power To Move [B]Insolent [C]Indifference; Lack Of Interest [D]Disdainful; Sarcastic; Cynical
14. Burgeon [A]Very Small [B]Grow Forth; Send Out Buds [C]Natural Talent Or Inclination [D]Contemptible
1. Which of the following drinks have been declared the national drink in 2013 in the honour of the plantation worker and sepoy mutiny leader Maniram Dewan on his 212th birth anniversary? [A]Coffee [B]Tea [C]Coconut milk [D]Lassi
2. The Gas authority of India Ltd (GAIL) is in the talks with which gas major of the world to form a joint venture company to develop pipeline infrastructure and supply gas to the industrial hub of the parts of Delhi –Mumbai Industrial corridors? [A]Exxon Mobil [B]Royal Dutch [C]Tokyo Gas [D]Chevron
3. The Zila Parishad of which of the following district has been chosen for National Panchayati Raj Award for implementing all government schemes? [A]Sawai Madhopur [B]Kurukshetra [C]Saurashtra [D]Mandsor
4. In which of the following states has the state government waived five percent VAT on textiles and instead imposed a one percent composite tax? [A]Kerala [B]West Bengal [C]Andhra Pradesh [D]Odisha
5. As per the international monetary fund (IMF) what is the projected economic growth rate of India’s GDP for 2012? [A]0.06 [B]0.065 [C]0.069 [D]0.068
6. In which of the following Indian states has the National Highway Authority of India (NHAI) established India’s first Electronic Toll Collection (ETC) system, substituting the existing cash payment system? [A]Maharashtra [B]Rajasthan [C]Punjab [D]Haryana
7. Which of the following telecom companies has recently issued notice to the Indian Government under Bilateral Investment Treaty over tax issues between India and Netherlands? [A]Airtel [B]Vodafone [C]Idea [D]Reliance
8. Which of the following is the slogan of London Olympics 2012 which was recently revealed by the London organisers at an event in Kew Gardens? [A]Faster, Higher, stronger [B]Inspire a generation [C]With glowing hearts [D]Share the spirit
9. Recently a Gandhian Giriraj Kishore has returned his Padma Shri to the government to the government to protest the auction of Gandhi ji’s items. What is the profession of Giriraj Kishore? [A]Social activists [B]Writer [C]Politician [D]Historians
10. April 22 is celebrated every year as which of the following days? [A]World Earth Day [B]World Health Day [C]World Green Day [D]Dental Health Day
11. Woman activist Maya Suwalka, who has bagged the prestigious Ambedkar Women’s Welfare Awards for her campaign for woman empowerment, child rights, handicrafts promotion and water shed development during the past decade, belongs to which state? [A]Rajasthan [B]Haryana [C]Punjab [D]Bihar
12. Which of the following chief ministers has decided to launch state owned newspaper and TV channel to highlight the good work done by the government? [A]Uttar Pradesh [B]Tamil Nadu [C]West Bengal [D]Madhya Pradesh
13. To which of the following TV Channels has government served notice to refrain from the screening of the film The Dirty Picture during the Day time? [A]Set Max [B]Zee TV [C]Sony [D]Colors
14. The government will soon take up a study on 100 odd dams that soon come up in which of the following states? [A]Arunachal Pradesh [B]West Bengal [C]Assam [D]Kerala
15. The Lok Sabha approved the Transplantation of Human Organs (Amendment) Bill 2011. The punishment increases punishment from 5 to 10 years of imprisonment and the fine from Rs 10000to 20000. Which of the statement is true about the bill? [A]The bill involves severe punishment for those involved in organ trade [B]The bill does not allow uncles and aunts and grandparents to donate their organs [C]The bill allows the commercial dealings of the organs [D]The amended bill does not allow swapping of vital organs between willing but incompatible legal owners.
1. Which of the following is true when a debtor pays his dues? [A]The asset side of the balance sheet will decrease [B]The asset side of the balance sheet will increase [C]The liability side of the balance sheet will increase [D]There is no change in total assets or total liabilities
2. Withdrawal of goods from stock by the owner of the business for personal use should be recorded by debiting [A]Drawings account and crediting cash account [B]Drawings account and crediting purchases account [C]Capital account and crediting drawings account [D]Purchases account and crediting drawings account
3. The cost price of a machine is Rs.1,20,000 and the depreciated value of the machine after 3 years will be Rs.66,000. If the company charges depreciation under straight-line method, the rate of depreciation will be [A]25% [B]20% [C]18% [D]15%
4. Consider the following data pertaining to a firm: Credit balance as per bank column of cash book Rs.13,500 Bank interest on overdraft appeared only in the pass book Rs.2,100 Cheques deposited but not collected by the bank Rs.5,000 The balance as per pass book is [A]Rs.20,600 (Dr. balance) [B]Rs.18,500 (Dr. balance) [C]Rs.18,500 (Cr. balance) [D]Rs.15,600 (Dr. balance)
5. Consider the following data pertaining to a company for the year 2011-2012: Opening balance of sundry debtors Rs. 45,000 Credit sales Rs.4,25,000 Cash sales Rs. 20,000 Cash collected from debtors Rs.4,00,000 Closing balance of sundry debtors Rs. 50,000 The bad debts of the company during the year are [A]Rs.40,000 [B]Rs.35,000 [C]Rs.30,000 [D]Rs.20,000
6. The opening stock of a company is Rs.40,000 and the closing stock is Rs.50,000. If the purchases during the year are Rs.2,00,000 the cost of goods sold will be [A]Rs.2,10,000 [B]Rs.2,00,000 [C]Rs.1,90,000 [D]Rs.1,80,000
7. The balance as per bank statement of a company is Rs.12,500 (Dr.). The company deposited two cheques worth Rs.8,500, out of which one cheque for Rs.2,800 was dishonoured which was not entered in the cash book. The credit balance as per cash book is [A]Rs.21,000 [B]Rs.15,300 [C]Rs.23,800 [D]Rs. 9,700
8. During the year 2002-03, the profit of a business before charging manager’s commission was Rs.1,89,000. If the manager’s commission is 5% on profit after charging his commission, then the total amount of commission payable to manager is [A]Rs.10,000 [B]Rs. 9,450 [C]Rs. 9,000 [D]Rs. 8,500
9. Which of the following statements is true? [A]The losses from the sale of capital assets need not be deducted from the revenue to ascertain net income [B]Going concern concept requires that always non-monetary assets should be valued and recorded at market value [C]According to consistency concept, the results of one accounting period of a business cannot be compared with that of in the past [D]In terms of conservatism concept all probable losses must be considered in computation of income
10. Which of the following ratios indicates the short-term liquidity of a business? [A]Inventory turnover ratio [B]Debt-equity ratio [C]Acid test ratio [D]Proprietary ratio
11. Which of the following should be deducted in the Balance Sheet of a company from the share capital to find out paid-up capital? [A]Calls-in-advance [B]Calls-in-arrears [C]Share forfeiture [D]Discount on issue of shares
12. Which of the following statements is false? [A]The forfeited shares should not be issued at a premium [B]At the time of forfeiture of shares, share premium should not be debited with the amount of premium already received [C]Shares can be issued at a discount only after one year from the commencement of business [D]Share premium cannot be utilized to redeem preference shares
13. Which of the following accounting treatments is/are true in respect of accrued commission appearing on the debit side of a trial balance? [A]It is shown on the debit side of the profit and loss account [B]It is shown on the credit side of the profit and loss account [C]It is shown on the liabilities side of the balance sheet [D]It is shown on the assets side of the balance sheet
14. The maximum amount beyond which a company is not allowed to raise funds by issue of shares is [A]Issued capital [B]Reserve capital [C]Nominal capital [D]Subscribed capital
15. The discount allowed on re-issue of forfeited shares is debited to [A]Discount on re-issue of shares account [B]Profit and loss account [C]Share premium account [D]Forfeited shares account
1. A bank which acts as a banker to other banks is called? [A]Commercial bank [B]Development bank [C]Central bank [D]Investment bank
2. Banks give contracts to the third parties in order to manage support services like [A]Help desk support [B]Call support services [C]Credit card processing [D]All of the above
3. The Reserve Bank of India has issued a notification making it mandatory for all demand drafts of Rs ______and above to be account payee only [A]10000 [B]20000 [C]40000 [D]50000
4. Which of the following is not a program to develop infrastructure in India? [A]National Highway Development Program [B]Jawaharlal Nehru National Urban Renewal Mission [C]Rajiv Awaas Yojana [D]Mahatma Gandhi National Rural Employment Guarantee Act
5. Which of the following is/are considered as renewable source of energy: 1. Wind energy 2. Solar energy 3. Nuclear energy [A]Only1 [B]Only2 [C]1 & 2 [D]All of the above
6. My Unforgettable Memories is a recently released autobiography of which Indian politician [A]Sheila Dixit [B]Mayawati [C]Jayalalitha [D]Mamta Banerjee
7. RBI has allowed Qualified Foreign Investors (QFI) to directly invest in equities of listed Indian companies. Which of the following statement/s in this regards is/are correct? A. Foreign individual investors, pension funds and trusts come under this category B. An individual QFI cannot buy more than 1% of the paid up capital of a company C. QFI investment in an Indian company cannot exceed 10% of its paid up capital [A]Only A [B]Only B [C]A and C [D]B and C
8. Who among the following is the inventor of World Wide Web, i.e. internet? [A]Berners Lee [B]Mark Zuckerberg [C]Konard Zuse [D]Larry Page
9. Which of the following organisation is largely funding the National Dairy Plan Phase I [A]International Development Association [B]Asian Development Bank [C]IBRD [D]UNDP
10. The much delayed Russian aircraft carrier Gorshov will be ready for commissioning in India by December 2012. The navy ship will be rechristened in India as: [A]INS Viraat [B]INS Vikrant [C]INS Vikramaditya [D]INS Talwar
11. In which state did the Maoists abduct an MLA named Jhina Hakaka for trying him in their kangaroo court named Praja Court recently? [A]Jharkhand [B]Chhattisgarh [C]Orissa [D]Bihar
12. Which of the following states has launched the year long Platinum Jubilee Celebrations of its legislative assembly this year which has recently been kick- started by Prime Minister? [A]UP [B]Assam [C]MP [D]Gujarat
13. In order to stop malpractices and ensure transparency in election to cooperative societies which of the following state government has set up a separate poll panel: [A]Bihar [B]Delhi [C]West Bengal [D]Kerala
14. Which of the following countries in the world is making news these days for spate in teenage suicides, which is three times the world average? [A]Spain [B]USA [C]Russia [D]Greece
15. With which country is India building the Jayanagar Barididas rail link the work on which has been expedited? [A]Nepal [B]Bangladesh [C]Pakistan [D]Bhutan
1. Which of the following appears under the head “Miscellaneous expenditure” on the assets side of a balance sheet? [A]Bills discounted from bank [B]Prepaid insurance premium [C]Directors’ remuneration [D]Discount on issue of shares
2. Which of the following is not a source of fund? [A]Sale of an asset [B]Collection of bills receivable [C]Issue of shares [D]Borrowing from banks
3. Future maintainable profits of West Ltd. for the last 5 years were as follows: 1998-1999 Rs.1,32,000 1999-2000 Rs.2,44,000 2000-2001 Rs.2,74,000 2001-2002 Rs.3,15,000 2002-2003 Rs.3,32,000 The weighted average profits of the company are [A]Rs.14,54,000 [B]Rs.10,90,500 [C]Rs. 8,72,400 [D]Rs. 2,90,800
4. According to section 78 of the Companies Act, the amount in the share premium account cannot be used for the purpose of [A]Issue of fully paid bonus shares [B]Writing off losses of the company [C]Writing off preliminary expenses [D]Writing off commission or discount on issue of shares
5. The three column cash book represents [A]Real accounts [B]Nominal accounts [C]Nominal and personal accounts [D]Real, personal and nominal accounts
6. Carriage inward refers to the cost of transportation for [A]Purchase of materials [B]Sale of products [C]Returns outward [D]Return of unsold goods
7. Jasmine Ltd. has a share capital of 6,000 equity shares of Rs.100 each having a market value of Rs.176 per share. The company wants to raise additional funds and offers to its existing equity shareholders the right to apply for a new share at Rs.120 per share for every three shares held by them. The value of right is [A]Rs.176 [B]Rs.120 [C]Rs. 56 [D]Rs. 14
8. A credit sale to Mr. Gupta for Rs.7,500 was recorded in purchases book as Rs.5,700 and was posted to the debit side of Mr. Gupta’s account as Rs.7,500. The effect of this mistake, in trail balance is [A]Debit is more by Rs.13,200 [B]Debit is more by Rs.7,500 [C]Credit is more by Rs.5,700 [D]Debit is less by Rs.7,500
9. The periodical total of a purchases returns book is recorded to the [A]Debit side of the purchases account [B]Debit side of the purchases returns account [C]Credit side of the purchases account [D]Credit side of the purchases returns account
10. The average capital employed of Sun Ltd. is Rs.12,00,000. The net trading profits of the company after payment of tax for the past 3 years were Rs.2,20,200, Rs.1,80,000 and Rs.2,21,400 respectively. If the normal rate of return is 10%, the super profits of the company are [A]Rs. 62,160 [B]Rs. 87,200 [C]Rs.1,20,000 [D]Rs.1,90,800
11. Sanmit Ltd. issued shares of Rs.10 each at a discount of 10%. Mr. Ravi who applied for 30 shares and paid Rs.2 on application and failed to pay the allotment money of Rs.3. If the company forfeites his entire shares, the forfeiture account will be credited by [A]Rs.90 [B]Rs.81 [C]Rs.60 [D]Rs.54
12. Which of the following methods of valuation of inventory is based on the assumption that costs are charged against revenue in the order in which they occur? [A]FIFO method [B]LIFO method [C]Weighted average method [D]Moving average method
13. Which of the following errors will cause a mismatch in the trial balance? [A]Errors of complete omission [B]Compensating errors [C]Errors of principle [D]Errors of partial omission
14. AB & Co. purchased a machine for Rs.10,00,000 on April 1, 2002. The salvage value of the machine is Rs.40,000. The useful life of the machine is 8 years. If the firm intends to depreciate the machinery on straight-line method, the rate of depreciation will be [A]16% [B]15% [C]14% [D]12%
15. If the purchases day book of a firm is overcast, it will [A]Increase gross profit and reduce net profit [B]Reduce gross profit and increase net profit [C]Reduce gross profit as well as net profit [D]Increase gross profit as well as net profit
1. The task force on Direct Transfer of Subsidies recommended a direct transfer of subsidies for which of the following? [A]LPG [B]Kerosene [C]Fertiliser [D]All of the above
2. Indian companies can issue equity to foreign companies to pay for which of the following: [A]Technology [B]Capital goods imports [C]Royalty [D]All of the above
3. Male Declaration refers to regional cooperation in the field of: [A]Higher education [B]Art and culture [C]Air pollution prevention [D]Immunisation programmes
4. The main goal of the Total Sanitation Campaign under the Nirmal Gram Yojana is to eradicate the practice of open defecation by [A]2015 [B]2017 [C]2020 [D]2022
5. Which of the following have joined hands to set up India’s first Infrastructure Debt Fund? [A]ICICI Bank [B]Bank of Baroda [C]Citibank and LIC [D]All of the above
6. ‘Bhagyam Oil fields’ which were recently in news are located in whivh of the following states of India? [A]Rajasthan [B]Gujarat [C]Assam [D]Maharashtra
7. Which of the following statements about the National Agriculture Scheme (NAIS) are correct? 1. It is being implemented by NABARD 2. Its coverage has gone up to 17.61 cr farmers during 2010-11 3. Maharashtra accounts for the highest number of farmers covered under NAIS [A]Only1 [B]2 &3 [C]1 &2 [D]All of the above
8. Which of the following has become the first Indian Bank to issue ‘Dim Sum’ Bond? [A]SBI [B]IDBI Bank [C]ICICI Bank [D]HDFC Bank
9. The Nutrient Based Subsidy covers which of the following fertilisers? [A]Nitrogen [B]Phosphate [C]Sulphur [D]All of the above
10. In economic terms which of the following factor/s determine the ‘individual demand’ of a product/ commodity? [A]Price of a commodity [B]Income of the individual [C]Utility and demand of a commodity [D]All of the above
11. Which of the following sectors generate invisible exports? [A]Fishing [B]Travel and tourism [C]Jewellery [D]Handicrafts
12. Which of the following not a poverty eradication programme launched by the government of India? [A]Jawahar Gram Samriddhi Yojana [B]National Social Assistance Scheme [C]AADHAR [D]National Family Welfare Scheme
13. The government of India has recently decided to raise the price of oil products, diesel, petrol, and cooking gas; however some of the taxes on these products were reduced or scrapped altogether. Which of the following taxes were reduced or scrapped? 1. Custom duty 2. VAT 3. Excise Duty [A]Only1 [B]Only 2 and 3 [C]Only 1 and3 [D]Only3
14. Government has recently decided to increase its total health expenditure to 2.5% of GDP by the end of the 12th five year plan. What is the current expenditure? [A]0.01 [B]0.014 [C]0.018 [D]0.022
15. The direct tax code is related to which of the following taxes? [A]Income tax [B]Sales tax [C]Excise duty [D]Service tax
1. Guess the logo? Hint:American multinational aerospace and defense corporation founded in 1916.
2. Guess the logo? Hint:An Indian financial services company incorporated in August 1994.
3. Guess the logo? Hint:In 2010 it had a strength of 1,129,900 active personnel and 960,000 reserve personnel.
4. Guess the logo? Hint:It is the principal flag carrier of the Kingdom of Bahrain.
5. Guess the logo? Hint:Japanese telecommunications company headquartered in Tokyo, Japan and ranked 31st in Fortune Global 500.
6. Guess the logo? Hint:A luxury hotel chain.
7. Guess the logo? Hint:The company was founded in 1902 in Minneapolis as the Dayton Dry Goods Company.
8. Guess the logo? Hint:At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.
9. Guess the logo? Hint:Founded in 1990, it is a popular female fashion apparel brand.
10. Guess the logo? Hint:Its products are currently manufactured by Access Business Group, a subsidiary of Alticor.
11. Guess the logo? Hint:This championship took place in South Africa from 11 June to 11 July 2010.
12. Guess the logo? Hint:An American manufacturer of school and activity buses.
13. Guess the logo? Hint:It is the national organization which was organized in 1928, and currently has around 1,78,000 members across India.
14. Guess the logo? Hint:It is a Japanese commercial bank headquartered in Chiyoda, Tokyo.
15. Guess the logo? Hint:It is a British publisher of romance novels.
1. Which one of the pair is not correctly matched: [A]Jahangir: William Hawkins [B]Akbar: Sir Thomas Roe [C]Shahjahan: Travernier [D]Aurangzeb: Manucci
2. Who among the following stream lined the Maratha administration after Sambhaji? [A]Raja Ram [B]Balaji Viswanath [C]Ganga Bai [D]Nanaji Deshmukh
3. Consider the following events: 1. Region of Krishna Deva of Vijaynagar 2. Construction of Qutab Minar 3. Arrival of Portuguese in India 4. Death of Feroz Tughlaq The correct chronological sequence of these events is: [A]2, 4, 3, 1 [B]2, 4, 3, 1 [C]4, 2, 1, 3 [D]4, 2, 3, 1
4. Match list I and II and find the correct answer using the codes below: List I [A]A3, b2 c1 d4 [B]A2, b3, c4, d1 [C]A2, b3, c1, d4 [D]A3, b2, c4, d1
5. Which one of the following Muslim ruler was hailed as ‘Jagadguru’ by his Muslim subject because of his belief in secularism? [A]Husain Shah [B]Zain ul Adibdin [C]Ibrahim Adil Shah [D]Muhamud II
6. The Mongol under Changez Khan invaded India during the reign of: [A]Balban [B]Feroz Tughlaq [C]Iltutmish [D]Muhammad Bin Tughlaq
7. Which one of the following ports are known as Babul Makka (Gate of Makka) during the Mughal period? [A]Calicut [B]Broach [C]Surat [D]Cambay
8. Which of the following pairs are correctly matched? [A]Dewan I Bandagani – Tughlaq [B]Dewan I mustakhraj – Balban [C]Dewan I kohi – Allauddin Khilji [D]Dewan I Arz – Muhammad Tughlaq
9. Directions: The following items consist of two statement One labelled the 'Assertion A' and the other as 'Reason R' You are to examine these two statements carefully and decid if the ' Assertion A' and the 'Reason R' are individually tru and if so, whether the 'Reason R' is the correct explanatin of the given' Assertion A'. Assertion [A]: Battle of Khanua was more decisive and significant than the First Battle of Panipat Reason[R]:Rana Sangha the Rajput hero was certainly more formidable than adversary Ibrahim Lodhi [A]Both A and R is true and R is the perfect explanation of A [B]Both A and R is true but R is not the correct explanation of A [C]A is true but R IS false [D]A is false but R IS true
10. Who among the following was the first Bhakti saint to use Hindi as a medium of propogation of his message? [A]Dadu [B]Kabir [C]Tulsidas [D]Ramanand
11. With reference to medieval Indian rulers which of the following is correct? [A]Allauddin Khilji was the first ruler to set up a separate ariz’s department [B]Balban introduced the branding system of his horses in the military [C]Muhammad Bin Tughlaq was succeeded by his uncle to the military [D]Firuz Tughlaq was the first to set up a separate department of slaves
12. The motive behind shahjahan’s Balkh campaigne was to: [A]Secure a friendly ruler in Balkh and Badakshan which bordered Kabul [B]Conquer Samarkand and Farghana the Mughal homelands [C]Fix the Mughal Frontier on the scientific line, the Amu Daria [D]Expand the Mughal Empire beyond the sub continent
13. Assertion [A]: Muhammad bin Tughlaq left Delhi and lived in a camp called Swarga Dwari for two years Reason[R]: At that time Delhi was ravaged by a form of Plague and many people died [A]Both A and R are individually true and R is the perfect explanation of A [B]Both A and R are individually true but R is not the correct explanation of A [C]A is true but R IS false [D]A is false but R IS true
14. The Historian Barani refused to consider the state in India under Delhi Sultans as truly Islamic because: [A]The majority of population did not follow Islam [B]The Muslim Theologises were often disregarded [C]The Sultans supplemented Muslim laws by framing their own regulations [D]Religious freedom was accorded to non Muslims
15. Assertion {A}: Emperor Akbar marched towards Afghanistan in 1581 with a huge army Reason {R}: He was on his way to reclaim his ancestral country of Farghana in Central Asia [A]Both A and R are individually true and R is the perfect explanation of A [B]Both A and R are individually true but R is not the correct explanation of A [C]A is true but R IS false [D]A is false but R IS true
1. Who among the following leaders were re-elected as General secretary of CPI(M) for the third consecutive term at the party’s 20th term as it was held at Kozhikode? [A]Brinda Karat [B]Prakash Karat [C]Sitaram Yechury [D]AB Bardhan
2. The Union cabimnet recently approved the extension of funding support for implementing which of the following scheme under New Pension System from three years to five years for all subscribers? [A]Gold Credit pass book scheme [B]Swayamsidha (IWEP) [C]Swabhlambhan Scheme [D]Swabhiman Scheme
3. Cabinet committee on economic affairs (CCEA) has recently approved an Ad Valorem regimen for calculating royalty for which of the following? [A]Coal and iron ore [B]Coal and lignite [C]Lignite and copper [D]Lignite and zinc
4. Credit Rating agency Moody’s investors’ service downgraded the local currency rating of which of the following public sector companies of India? [A]BHEL AND IOC [B]BHEL AND GAIL [C]ONGC AND IOC [D]ONGC AND GAIL
5. According to data provided by the Export promotion council of Handicrafts (EPCH) in April 2012 India’s handicraft export increased by what percentage? [A]0.142 [B]0.175 [C]0.15 [D]0.22
6. In which country has the leader of opposition in Lok Sabha, Sushma Swaraj, handed over a section of railway network between Galle and Kauthara built by the Indian Public Sector company, IRCON recently? [A]Myanmar [B]Sri Lanka [C]Namibia [D]Bhutan
7. For allowing the foreign direct investment(FDI) from which the country to India has the Finance Ministry decided to amend the foreign exchange management Act (FEMA)? [A]North Korea [B]Cuba [C]Myanmar [D]Pakistan
8. Which body has recently issued broad guidelines on Algorithmic Trading based on recommendations of technical advisory committee (TAC) ? [A]CII [B]ASSOCHAM [C]SEBI [D]RBI
9. Who among the following are the director of Agni V missile which has been launched from the Wheeler island off the Orissa coast? [A]SK Chaudhary [B]VG Sekharan [C]Tessy Thomas [D]AK Chakrabarti
10. Which of the compassed the Reliance Industry to claim the most influential stock status on BSE? [A]ONGC [B]ITC [C]IOC [D]GAIL
11. The army chief of Pakistan, Gen Ashfaq Kayani, has recently called for the resolution of which of the following contentious issues between India and Pakistan? [A]Sir Creek issue [B]Kashmir issue [C]Siachen issue [D]Pak occupied Kashmir
12. The famous writer Susan Nathan who has been deported recently to her country over the alleged connections with Islamic extremist groups like the banned outfits SIMI and NDF belongs to which country? [A]Britain [B]Israel [C]Germany [D]Iran
13. Name the human disease about which scientists at the wasington University School of Medicine in St Louis found that other than diet and not drinking enough water, a gene called Claudin-14 substantially for it [A]Jaundice [B]Typhoid [C]Kidney stone [D]Cancer
14. Who among the following has recently taken over chairman of Confederation of Indian Industry (CII) for 2012-13? [A]Rahul Thakkar [B]Adi Godrej [C]Ajay S Shriram [D]S Gopalkrishnan
15. Under the mentorship of which IIT, an extension of IIT centre is being made operational at Chhattisgarh? [A]IIT Delhi [B]IIT Kanpur [C]IIT Kharagpur [D]IIT Bombay
1. Who is retroactively disqualified from being Prime Minister of Pakistan due to his contempt of court conviction based on Supreme Court judgment on 19 June 2012? [A]Yousuf Raza Gillani [B]Asif Ali Zardari [C]Makhdoom Shahbuddin [D]Raja Parvez Ashraf
2. Where was the the seventh meeting of the G-20 heads of government held during June 18–19, 2012? [A]Toronto, Canada [B]Paris, France [C]Los Cabos, Mexico [D]Geneva, Switzerland
3. Who won the 112th U.S. Open Golf Tournament, which was played during June 14–17, 2012? [A]Tiger Woods [B]Webb Simpson [C]Graeme McDowell [D]Lucas Glover
4. Which country lends the International Monetary Fund $1 billion on June 22, 2012? [A]India [B]USA [C]China [D]Philippines
5. Which country's government on 21st June 2012 announced the plans to start selling marijuana in limited amounts to registered users? [A]Uruguay [B]Myanmar [C]Brazil [D]Philippines
6. An Indonesian court in Jakarta on June 21, 2012 sentences ________ to 20 years' imprisonment for involvement in the October 2002 Bali bombings that killed 202 people. [A]Imam Samudra [B]Umar Patek [C]Amrozi Nurhasyim [D]Huda bin Abdul Haq
7. On 19 June 2012, Julian Paul Assange - the editor-in-chief and founder of WikiLeaks, a media website which publishes information from whistleblowers, requested political asylum under the Universal Declaration of Human Rights by entering into the embassy of which country? [A]Norwey [B]Sweden [C]United Kingdom [D]Ecuador
8. Which Business tycoon agrees to buy 98 per cent of the Hawaiian island of Lanai on 20th June 2012? [A]Bill Gates [B]Steve Ballmer [C]Larry Ellison [D]Eric Schimdt
9. The door of the famed Kamakhya Temple, seat of the Shakti cult,in Guwahati, Assam was closed for three days from June 22, 2012 due to which occasion? [A]Rath Yatra of Lord Jagannath [B]Ambubachi Mela [C]Raja Parba [D]Bali Jatra
10. Which product was announced by Microsoft CEO Steve Ballmer at a Los Angeles event on June 18, 2012, at Milk Studios? [A]Microsoft Windows 8 OS [B]Microsoft Windows Phone Lumia [C]Microsoft Galaxy S-III (tablet) [D]Microsoft Surface(Tablet)
11. Who is nominated as heir apparent of Saudi Arabia after the death of Nayef bin Abdulaziz? [A]Sattam bin Abdulaziz [B]Salman bin Abdulaziz Al Saud [C]Abdelrahman Al Rashid [D]Turki bin Ahmad al Sudairi
12. Which Pakistani cricketer who was convicted and jailed for 30 months for conspiracy charges relating to the spot-fixing in November 2011, was released from Jail on June 21st 2012? [A]Mohammad Asif [B]Mohammad Amir [C]Mazhar Majeed [D]Salman Butt
13. Scientists have recently discovered a secretive and exotic species of mosquito, which, unlike others of its kind, do not require a blood meal before laying eggs. What is the name of the species? [A]Culex molestus [B]Culex pipiens [C]Culex Linnaeus [D]Anopheles
14. Which Indian veteran administrator, economist and diplomat passed away in London on 21st June 2012 at the age of 85? [A]Irshad Panjatan [B]Trilok Karki [C]Karan Singh [D]Abid Hussain
15. The Calcutta High Court on Friday June 22, 2012 held as unconstitutional and void the Singur Land Rehabilitation & Development Act of 2011 under which the Trinamool Congress-led state government had sought to take back land leased to which company? [A]Reliance Industries [B]Tata Motors [C]Hindustan Motors [D]Posco Steel
1. Core industries witness lower growth rate in the past few months. This means the performance of which of the following have not been taken into consideration? [A]Cement [B]Steel [C]Oil [D]Gems and jewellery
2. Who among the following can be called a “pawnbroker” [A]A stock broker similar to bull [B]A stock broker similar to bear [C]A person who lends money against a pledged article which he is free to sell if loan is not repaid [D]A person who lends money against gold
3. In banking context what is PCR: [A]Profit Credit Ratio [B]Provision Credit Ratio [C]Provisioning Coverage Ratio [D]Profit Coverage Ratio
4. The foundation for induction of computer technology in the banking system was laid with the recommendation of which of the following committee [A]Abid Hussain Committee [B]Deepak Parekh Committee [C]Rangarajan Committee [D]Tarapore Committee
5. Which of the private sector bank has launched the credit care Solitaire Premium for women only? [A]Federal Bank [B]HDFC Bank [C]Axis Bank [D]ICICI Bank
6. Business correspondents (BC) working for the bank can work from: [A]Their retail outlet [B]Bank premises [C]Bank ATM [D]Home
7. In the context of various financial systems which of the following is not related to India [A]RTGS [B]NEFT [C]CHAPS [D]IFSC
8. Which of the following countries has decided to pull out its army troops from Afghanistan from this year and completed in 2013? [A]US [B]Britain [C]Australia [D]Germany
9. In which city was the Summit of the Americas which is represented by all the countries of the Americas, held recently (Cuba was not invited)? [A]Cartagena, Columbia [B]Santiago, Panama [C]Montreal, Canada [D]Quito, Ecuador
10. What is known as secret service throughout the world? [A]An intelligent wing of United Nation [B]Highly trained troops which guard American President [C]The overseas intelligence of Britain [D]The elite presidential guard of France
11. In which of the following states has the cabinet approved the flagship scheme Mukhyamantri Teerth Darshan Yojana under which a minimum of 1 lakh people will enjoy the benefit of the state sponsored pilgrimage every year [A]Uttar Pradesh [B]Andhra Pradesh [C]Madhya Pradesh [D]Tamil Nadu
12. On which date is the National Panchayati Raj Day observed every year? [A]'26 July [B]'24 April [C]'11 November [D]'25 April
13. What has been the growth rate of Imports in India the fiscal year 2011-12? [A]'21.5% [B]'23.5% [C]'28.7% [D]'32.1%
14. The Union Ministry of environment and forests (MoEF) banned the use of live animals for dissection and other experiments in educational and research institution. The ban is based on which of the following act? [A]Prevention of Cruelty to Animals Act 1960 [B]Prevention of Cruelty to Animals Act 1970 [C]Prevention of Cruelty to Animals Act 1980 [D]Prevention of Cruelty to Animals Act 1990
15. Which Indian chief was invited to the historic kitchen of the White House which prepares food for US President Barack Obama his family and large number of guests invited to the residents of the first family every year? [A]Ramesh Turrani [B]Tarla Dalal [C]Sanjeev Kapoor [D]Rajeev Kapoor
1. Which one of the following pairs of composers in different languages and their works on Mahabharata theme is correctly matched? [A]Sarladasa- Bengali [B]Kasirama- Oriya [C]Tikkana- Marathi [D]Pampa- Kannada
2. The medieval Indian writer who referred to the discovery of America is- [A]Malik Mohammad Jayasi [B]Amir Khusro [C]Raskhan [D]Abul Fazl
3. The members of Shivaji’s Astha Prdhana who looked after foreign affairs is- [A]Peshwa [B]Sachiv [C]Pandit Rao [D]Sumant
4. The loss of Qandhar was a big blow to Mughal Empire from the point of view of: [A]Natural resources [B]Buffer territory [C]Communication [D]Strategic stronghold
5. Fawazil in the Sultanate period meant- [A]Extra payments to the nobles [B]Revenues assigned in lieu of salaries [C]Excess amount paid to the exchequer by the Iqtadars [D]Illaegal exactions extracted from the peasants
6. The Sultan of Delhi who is reputed to built the biggest networks of canal in India is- [A]Izeltutmish [B]Ghiyyasuddin Tuglaq [C]Feroze Shah Tughlaq [D]Sikander Lodhi
7. Directions: The following items consist of two statement One labelled the 'Assertion A' and the other as 'Reason R' You are to examine these two statements carefully and decid if the ' Assertion A' and the 'Reason R' are individually tru and if so, whether the 'Reason R' is the correct explanatin of the given' Assertion A'. Assertion (A) : At first the Turkish administration in India was essentially military Reason(R): The country was parcelled out as Iqtas to the leading military leaders [A]Both A and R is true and R is the perfect explanation of A [B]Both A and R is true but R is not the correct explanation of A [C]A is true but R IS false [D]A is false but R IS true
8. Assertion (A): During the reign of Shahjahan, Dara Shikoh was sent on the expedition on Balkha, Badakhshan, Qandhar Reason [R]: the expedition sent by Shahjahan to Middle East was a marvellous success [A]Both A and R is true and R is the perfect explanation of A [B]Both A and R is true but R is not the correct explanation of A [C]A is true but R IS false [D]A is false but R IS true
9. Consider the following statement Ahadi were those troopers who: 1. Offered their services singly 2. Did not attach themselves to any chief 3. Had the emporer as their immediate colonel 4. Attach themselves to Mirzas Of these statements: [A]1, 3, 4 are correct [B]1, 2, 3 are correct [C]2 and 3 are correct [D]1 and 4 are correct
10. Consider the following: 1. Tughlakhabad Fort 2. Lodhi Garden 3. Qutab Minar 4. Fatehpur Sikri The correct chronological order in which they were built: [A]3-1-4-2 [B]3-1-2-4 [C]1-3-2-4 [D]1-3-4-2
11. The first writer to use Urdu as the medium to write poetry was- [A]Amir Khusro [B]Mirza Ghalib [C]Bahadur Shah Zafar [D]Faiz
12. Assertion(A): during the time of AKBAR for every ten cavalrym en mansabdars had to maintain 20 horses Reason(R): Horses have to be rested while on march and replacements were necessary in times of war [A]Both A and R is true and R is the perfect explanation of A [B]Both A and R is true but R is not the correct explanation of A [C]A is true but R IS false [D]A is false but R IS true
13. One consistent feature in the history of South India was consistent growth of small Kingdoms rather than one large Empire because: [A]The absence of minerals like iron ore [B]Too many division in social structure [C]The absence of vast areas of fertile land [D]The scarcity of manpower
14. ‘The king was freed from his people and they from their king’. On whose death did Badauni comments thus? [A]Balban [B]Muhammad-bin-Tughlaq [C]Feroz Shah Tughlaq [D]Ala-ud-din-Khilji
15. The striking feature of the Jama Masjid in Kashmir completed by Zain-ul Abdin includes- 1. Turret 2. Similarity to Buddhist Pagodas 3. Persian style Which of the above is true? [A]1 alone [B]All 1, 2 and 3 [C]Both 2 and 3 [D]Both 1 and 3
1. Among the characteristics of an open system, which of the following is an organization's tendency towards adjusting and maintaining itself in an optimal situation or a state of equilibrium over a period of time? [A]Equifinality [B]Negative entropy [C]Differentiation [D]Dynamic homeostasis
2. Which of the following statements are true with respect to power and the types of power? I. Legitimate power is similar to authority and is very important in the organizational context. II. Legitimate power works only downwards. III. Referent power functions at superior and peer levels. IV. Coercive power is used to ensure a minimum standard of performance. V. Power can be personal. [A]Both (I) and (II) above [B]Both (III) and (IV) above [C](I), (III) and (IV) above [D](I), (IV) and (V) above
3. Which of the following statements pertain(s) to ‘procedures’? I. They ensure uniformity in action. II. They are the most general form of a standing plan. III. They are the simplest type of standing plans. IV. They help in streamlining the administrative activities of an organization. [A]Only (IV) above [B]Both (I) and (IV) above [C]Both (II) and (III) above [D](II), (III) and (IV) above
4. Which of the following is not an advantage of decentralization? [A]Decisions making is fast [B]It results in creating low-cost shared resources [C]Decisions can be quickly adapted to the competitive environment [D]Provides autonomy to employees
5. Every company wants to gain competitive advantage over its competitors. If a company is able to be unique in its industry in a manner widely valued by the market, it follows a [A]Diversification strategy [B]Differentiation strategy [C]Focus strategy [D]Cost-leadership strategy
6. Which of the following is not a benefit of strategic planning? [A]It provides managers with consistent guidelines [B]It improves the organization’s responsiveness to the environment [C]It helps managers take appropriate decisions after an analysis of opportunities [D]It encourages organizations to adopt the most rational and risk-free option
7. Which of the following is/are approaches to that aid in developing better corporate strategies? I. Values-based approach. II. Corporate portfolio approach. III. Human relations approach. [A]Only (I) above [B]Only (II) above [C]Only (III) above [D]Both (I) and (II) above
8. A careful analysis of argument for and against the involvement of organizations in social welfare is necessary to determine whether an organization should implement social initiatives. Which of the following is an argument for social responsibility of Business? [A]Loss of Profit Maximization [B]Excessive Costs [C]Weakened International Balance of Payments [D]Balance of Responsibility and Power
9. Organizations that adopt a matrix structure generally pass through some structural stages. In which of the structural stages, are managerial integrator positions established so that individuals can take responsibility for particular projects, oversee product launches or deal with issues where coordination across functional departments is necessary? [A]Functional (stage 1) [B]Temporary overlay (stage 2) [C]Permanent overlay (stage 3) [D]Mature matrix (stage 4)
10. Departmentation is required for which of the following reason/s? I. It facilitates control, coordination and communication. II. It provides a platform for healthy competition amongst employees within the organization. III. It defines roles of each individual and identifies competencies vital for managerial decisions. IV. It provides a platform necessary for building loyalty among members of the organization. [A]Only (III) above [B]Both (I) and (III) above [C]Both (II) and (IV) above [D](I), (III) and (IV) above
11. Which of the following is/are contributions of behavioral thinker Mary Parker Follet’s to management thought? I. Focus on human relations. II. Focus on group influences. III. Emphasis on the concept of power sharing and integration. IV. Classification of organizations based on the employees’ set of values. [A]Only (III) above [B]Both (I) and (IV) above [C]Both (II) and (III) above [D](I), (II) and (III) above
12. Which of the following statements is not true about tactical plans? [A]They are concerned more with actually getting things done than with deciding what to do [B]The time frame covered by tactical plans is usually 1 to 3 years [C]They indicate actions that major departments and sub-units should take to execute an operational plan [D]They are developed by middle level managers
13. Middle level managers would engage in setting which of the following objectives? I. Division objectives. II. Overall organization objectives. III. Individual performance objectives. IV. Specific overall organization objectives such as those pertaining to key result areas. [A]Only (I) above [B]Both (I) and (II) above [C]Both (I) and (IV) above [D]Both (II) and (III) above
14. Span of management includes I. Assigning equal number of subordinates to managers at the same level. II. Assessing employee skill and motivation levels. III. Determination of how many people working with each other report to a single manager. IV. Determination of the number of individuals a manager can effectively supervise. [A]Only (II) above [B]Only (IV) above [C]Both (I) and (III) above [D]Both (III) and (IV) above
15. According to which of the following management approaches, does managerial practice depend on circumstances? [A]Systems approach [B]Contingency approach [C]Mc Kinsey's 7-S framework [D]Empirical approach
