Uttar Pradesh TGT PGT Commerce Solved Questions Paper
Uttar Pradesh
TGT PGT Commerce Solved Questions Paper
#################################
Uttar Pradesh Post Graduate Teacher Exam of the year 2013 held on dated 22 Febuary, 2015. We are giving 125 questions of Commerce of this exam with answers.
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
1. The slope at any point on an indifference curve is known an–
(A) marginal rate of substitution (B) the marginal rate of trade-off
(C) the trade-off rate (D) the marginal rate off indifference (Ans : A)
2. Assuming there is no government or foreign sector, if the MPC is 0.8, the multiplier is–
(A) 0.2 (B) 0.8 (C) 1.25 (D) 5 (Ans : D)
3. Salary payable by Government of India to an Indian Citizen for services outside India–
(A) is not taxable in India (B) is taxable in India
(C) is includable in total income for tax purpose (D) None of the above (Ans : B)
4. First of all, the Income Tax Act was passed in independent India–
(A) in 1956 (B) in 1962 (C) in 1961 (D) in 1990 (Ans : C)
5. Goodwill account is a–
(A) personal account (B) real account
(C) nominal account (D) None of the above (Ans : B)
6. Which of the following should not be considered in a make or buy decision ?
(A) Potential use of manufacturing capacity
(B) Variable costs of production
(C) Potential rental income from space occupied by production area
(D) Unchanged fixed cost (Ans : D)
7. A firm's average total cost is Rs. 30 at 5 units of output and Rs. 32 at 6 units of output. The marginal cost of producing 6th units is–
(A) Rs. 2 (B) Rs. 12 (C) Rs. 32 (D) Rs. 42 (Ans : D)
8. The function of staff in line the staff organization is–
(A) take advice from line (B) advice the line (C) hold authority and responsibility
(D) fix responsibility for performance of tasks in a deninite manner upon certain individuals (Ans : B)
9. Which of the following committees examined and suggested Financial sector reforms in India–
(A) Abid Hussain Committee (B) Bhagawati Committee
(C) Chelliah Committee (D) Narsimham Committee (Ans : D)
10. In a free market economy the allocation of resources is deter-mined by–
(A) votes taken by customers (B) a central planning authority
(C) by customer preference (D) levels of profits of firms (Ans : C)
11. Which of the following assets in usually not depreciated–
(A) land (B) building (C) plant (D) furniture (Ans : A)
12. All the following are examples of profit centres within an airlines except–
(A) in flight magazine (B) merchandising
(C) aircraft maintenance (D) ticketing (Ans : C)
13. A partner in a firm–
(A) can not transfer his share to an outsider
(B) can transfer his share to an outsider with the consent of majority partners
(C) can transfer his share to an outsider without the consent of any other partner
(D) can transfer his share to an outsider with the consent of all other partners (Ans : D)
14. The main drawback of functional organization developed by Taylor is that it fails to recognise–
(A) downward flow of authority (B) principle of equity
(C) principle of unity of command (D) None of the above (Ans : C)
15. National income in India is estimated by–
(A) CSO (B) Finance Commission
(C) Planning Commission (D) Indian Statistical Institute (Ans : A)
16. The concept of mixed economy means–
(A) to have balanced development in the agriculture and industrial sector
(B) simultaneous development of the rural and urban sector
(C) to have equal distribution of wealth among the rural and urban poor
(D) simultaneous existence of private and public sector (Ans : D)
17. The most important economic function of stock exchange is to–
(A) safeguard the interest of investors (B) help in the capital formation in the country
(C) provide facilities for speculation (D) provide a ready market for old securities (Ans : D)
18. Which of the following goods or services could not be provided by a pure free market economy–
(A) public transport system (B) pension
(C) national defence (D) education (Ans : C)
19. The existence of a joint stock company is interrupted by–
(A) the death of its members (B) the death of its directors
(C) the transfer of share by member (D) None of these (Ans : D)
20. Delegation of authority results in–
(A) avoiding responsibility (B) centralisation of powers at top level
(C) cost lines of decision (D) enabling the managers to distribute their work load (Ans : D)
21. The record of country's transactions in goods, services and assets with the rest of the world is its–
(A) current account (B) balance of trade
(C) capital account (D) balance of payment (Ans : D)
22. An entry to Rs. 500 was wrongly posted to wages account instead of machinery account, as wages are to be capitalized it is an error of–
(A) clerical error (B) error of omission
(C) error of principle (D) error of commission (Ans : C)
23. Table A of the companies Act can be adopted for–
(A) Memorandum of Association (B) Articles of Association
(C) Prospectus (D) None of the above (Ans : B)
24. What is the amount of gross profit or loss when–
Cost of Goods sold = 7900
Sales = 11000
Purchases = 3000
(A) Rs. 8000 (B) Rs. 4900 (C) Rs. 3100 (D) Rs. 100 (loss) (Ans : C)
25. X Ltd. forfeited. 30 shares of Rs. 10 each fully called up for non payment of allotment money of Rs. 3 per share and call money of Rs. 4 per share. These shares are re-issued for Rs. 8 per share fully paid. What is the amount to be transferred to capital reserve account.
(A) Rs. 300 (B) Rs. 60 (C) Rs. 30 (D) Rs. 90 (Ans : C)
26. Who is called the Father of Economics?
(A) J. M. Keynes (B) Malthers (C) Ricardo (D) Adam Smith (Ans : D)
27. In case of inferior goods the income elasticity of demand is–
(A) positive (B) zero (C) negative (D) infinite (Ans : C)
28. According to Income Tax Act which of the following are agricultural incomes–
(A) income from live stock breeding (B) income from poultry farming
(C) income from cattle breeding (D) rent received from agricultural land (Ans : D)
29. Time series deals with–
(A) only secular trend (B) short term fluctuation
(C) trend, seasonal, cyclical and irregular variations (D) None of the above (Ans : C)
30. Opening stock Rs. 15000
Purchases Rs. 40000
Cost of golds sold Rs. 52000
Sales Rs. 57000
What is the amount of gross profit or loss–
(A) Rs. 12000 (B) Rs. 5000 (C) Rs. 5000 (Loss) (D) Rs. 7000 (Ans : B)
31. Which of the following is not viewed as a national debt?
(A) Provident Fund (B) Life insurance policies
(C) National saving certificates (D) Long term government bonds (Ans : C)
32. Which of the following is an extractive industry?
(A) Cattle breading (B) Forect cultivation
(C) Hunting (D) Iron and steel (Ans : C)
33. The burden of tax falls more heavily on the seller in a market when–
(A) both supply and demand are elastic (B) both supply and demand are inelastic
(C) demand is inelastic and supply is elastic (D) demand is elastic and supply is inelastic (Ans : D)
34. The total sum of the goods and services produced within a country in a year minus depreciation is called the–
(A) gross national product (B) net national product
(C) gross domestic product (D) net domestic product (Ans : D)
35. Monopolist can determine–
(A) price (B) output (C) either price or output (D) None of these (Ans : C)
36. The works manager gets commission of 10% on the profits after charging such commission. If the profit is Rs. 2200 what is the amount of commission–
(A) Rs. 220 (B) Rs. 200 (C) Rs. 240 (D) Rs. 244.44 (Ans : B)
37. The mean of the following distribution is–
X : 145 155 165 175
F : 10 12 15 10
(A) 159.7 (B) 160.3 (C) 162.1 (D) 165.9 (Ans : B)
38. The main advantage of functional organisation is–
(A) specialisation (B) simplicity (C) expert advice (D) experience (Ans : A)
39. Interest on single savings account in post office is exempt upto the following limit–
(A) Rs. 7000 (B) Rs. 8000 (C) Rs. 3500 (D) None of the above (Ans : C)
40. Share of partner in the income of partnership firm shall be–
(A) taxable (B) exempted (C) fully exempted (D) partially exempted (Ans : C)
41. Given net profit Rs. 1,50,000, preference dividend Rs. 25,000 taxes Rs. 10,000, Equity capital (Rs.10 each), Rs. 10,00,000 what is the Earning per share (EPS)–
(A) Rs. 1.50 (B) 0.25 (C) Rs. 1.15 (D) Rs. 1.75 (Ans : C)
42. The crucial determinant of the size of the market is–
(A) monetary expansion (B) opportunity for investors
(C) productivity (D) savings (Ans : B)
43. Mr. Pawan was born on April 18, 1986 in India and later on he took the citizenship of USA. Neither his parents nor his grand parents were born in undivided India. In this case Mr. Paw an shall be–
(A) person of Indian origin (B) Citizen of India
(C) A foreign national (D) None of the above (Ans : C)
44. Business means–
(A) Commerce (B) Industry and Commerce
(C) Trade and Commerce (D) Selling and buying of goods (Ans : B)
45. The agricultural income is exempt under the following section of IT Act–
(A) Section 15 (B) Section 6 (C) Section 10 (D) Section 10 (1) (Ans : D)
46. A firm has a variable cost of Rs. 100 at 5 units of output. If fixed cost is Rs. 40 what will be the average total cost at 5 units of output–
(A) Rs. 28 (B) Rs. 60 (C) Rs. 12 (D) Rs. 140 (Ans : A)
47. Cost volume profit analysis is based on several assumptions which of the following is not one of these assumptions–
(A) the sales mix of product is constant
(B) inventory, quantities change during the year
(C) the behaviour of both revenue and cost is linear throughout the relevant range
(D) factor prices e.g., material price and wage rates remain unchanged (Ans : B)
48. For which of the following purpose, share premium can be used?
(A) In writing off the discount on debentures of the company
(B) In writing off the preliminary expenses of the company
(C) Issuing bonus shares (D) all of the above (Ans : D)
49. The most appropriate measure of a country's economic growth is its–
(A) gross domestic product (B) net domestic product
(C) net national product (D) per capita real income (Ans : D)
50. In case of women assessee her agricultural income of Rs. 8000 shall be included in her total income if her total income is more than the following–
(A) Rs. 1,35,000 (B) Rs. 1,50,000
(C) Rs. 2,00,000 (D) Rs. 2,25,000 (Ans : C)
51. Given fixed long term liabilities Rs. 5,00,000 fixed assets Rs. 12,00,000, capital Rs. 8,50,000, current liabilities Rs. 2,50,000 current assets Rs. 4,00,000. Solvency ratio is–
(A) 5: 12 (B) 5: 16 (C) 15: 17 (D) 10: 24 (Ans : C)
52. Which of the following is an equation?
(A) Assets = Capital (B) Assets = Liabilities – Capital
(C) Assets = Liabilities + Capital (D) None of the above (Ans : C)
53. All the following are examples of fixed costs except–
(A) insurance fee (B) rent payments
(C) director's fees (D) license' fees on a product sold (Ans : D)
54. The average value of –4, –3, 0, 3, 4 is–
(A) –1 (B) 2 (C) 3 (D) 0 (Ans : D)
55. When funds from operations are Rs. 42,000 and amount of depreciation on plant and machinery is Rs. 5000. What is the amount of net profit.
(A) Rs. 37000 (B) Rs. 42000
(C) Rs. 47000 (D) Cannot be computed (Ans : A)
56. Bill discounted with a bank is–
(A) contingent liability (B) current liability
(C) current assets (D) None of the above (Ans : A)
57. Whenever data deals with speed, distance and time then the best average is–
(A) median (B) mode (C) geometric mean (D) harmonic mean (Ans : D)
58. A firm which makes boats has fixed cost of Rs. 2,60,000 per month. The product sells for Rs. 35,000 per boat and the variable cost of production is Rs. 15,000 per boat. The boat yard can manufacture 20 boats each month. What is the firm's break even output?
(A) Cannot be worked out from the data (B) 13 boats
(C) Rs. 45,000 (D) 20 boats (Ans : B)
59. Interim dividend is shown–
(A) in P and L A/c (B) in P and L appropriation A/c
(C) on the asset side of balance sheet (D) on the liability side of the balance sheet (Ans : B)
60. A minor's income shall be included in the guardian assessee's income if it–
(A) exceeds Rs. 1500 (B) Rs. 1500
(C) minor's whole income
(D) minor's whole income will be exempted (Ans : A)
61. If the investment demand curve is vertical–
(A) both monetary and fiscal policy are ineffective
(B) both monetary and fiscal policy are effective
(C) monetary policy is effective but fiscal policy is ineffective
(D) monetary policy is ineffective but fiscal policy is effective (Ans : D)
62. The flow of fund is said to have taken place when–
(A) cash is paid to creditors (B) cash is received from debtors
(C) machinery is purchased for cash (D) All of the above (Ans : C)
63. Sum received from sale of agricultural land shal be covered under the categories of following income–
(A) agriculture income (B) business income
(C) capital gain (D) None of the above (Ans : D)
64. Given January 1 December 31
Assets 30,000
Liabilities 13,000
Capital 16,500
Withdrawals by onwer during the year are Rs. 4000. What is the amount of capital on January 1 ?
(A) Rs. 12,500 (B) Rs. 16,500 (C) Rs. 17,000 (D) Rs. 43,000 (Ans : C)
65. The famous book 'General and Industrial Management' was written by–
(A) Henry Fajol (B) Koontz and O'donnel
(C) Oliver Sheldon (D) Mary Parker Follet (Ans : A)
66. Median of discrete even series is given by–
(A) [(n + 1)/2)th value (B) n/2th value
(C) 5th value (D) [(n + 1) /4]th value (Ans : A)
67. To obtain the break even point in rupee sales value, total fixed costs are divided by–
(A) variable cost per unit (B) contribution margin per unit
(C) fixed cost per unit (D) profit/volume ratio (Ans : D)
68. What is the slope of AR (Average revenue) curve in monopoly?
(A) Downward from left to right (B) Upward from left to right
(C) Horizontal straight line (D) Vertical straight line (Ans : A)
69. When capital in the beginning is Rs. 10,500, drawings during the year Rs. 6,500 and fresh capital introduced Rs. 3,500. What is the amount of capital at the end assuming no profit or loss.
(A) Rs. 7,500 (B) Rs. 13,500 (C) Rs. 20,500 (D) Rs. 5,00 (Ans : A)
70. Which of the following are current liabilities?
(A) Outstanding wages (B) Redeemable preference shares
(C) Provision for depreciation on machinery (D) Share premium (Ans : A)
71. Share forfeited account is shown on the liability side of the balance sheet–
(A) under the heading 'Reserve ans surplus' (B) by adding to the paid up capital
(C) under the heading 'current liabilities and provision' (D) None of the above (Ans : B)
72. When capital at Jan. 01 Rs. 19,400, capital at December 31 Rs. 21,500, drawings Rs. 4,300. What is the amount of profit or loss?
(A) Rs. 2,200 (profit) (B) Rs. 2,200 (loss)
(C) Rs. 6,400 (profit) (D) Rs. 6,400 (loss) (Ans : C)
73. A company redeemed its preference share capital Rs. 2,00,000 for which purpose it raised equity capital of Rs. 1,50,000. It also issued bonus shares of the value of Rs. 1,00,000. These transactions will have the net effect on the flow of funds is follows–
(A) no effect on the flow of funds
(B) net increase in working capital Rs. 50,000
(C) net decrease in working capital Rs. 50,000 (D) None of the above (Ans : C)
74. Consumer surplus is the area in graph–
(A) below the demand curve and above price line
(B) above the supply curve and below price line
(C) above the demand curve and below the price line
(D) below the demand curve and above the supply curve (Ans : A)
75. The term 'funds' as used in 'funds flow statement' means–
(A) cash (B) current assets (C) current liabilities (D) working capital (Ans : D)
76. Following percentage in tea production is treated agricultural income.
(A) 10% (C) 60% (B) 40% (D) 90% (Ans : C)
77. Investment by owner results in–
(A) increase in capital and decrease in liability
(B) increase in capital and increase in liability
(C) increase in capital and decrease in assets
(D) increase in capital and increase in asset (Ans : D)
78. The internal auditor of a joint stock company–
(A) need not possess qualifications laid down in the Companies Act
(B) should be a chartered accountant
(C) should be a chartered accountant or a cost accountant
(D) should hold some other professional qualification (Ans : A)
79. Asset cost Rs. 21,000
Scrap value Rs. 1,000
Depreciation rate 10% p. a.
What is the amount of depreciation for the first year if straight line method is used ?
(A) Rs. 2,100 (B) Rs. 2,000 (C) Rs. 2,200 (D) Rs. 2,400 (Ans : B)
80. Closing stock Rs. 53,400 cost of Goods sold Rs. 75,000, Gross profit Rs. 5,000, Purchases Rs. 82,000 What is the amount of opening stock–
(A) Rs. 46,400 (B) Rs. 41,400 (C) Rs. 60,400 (D) Rs. 55,400 (Ans : A)
81. Charging of capital expenditure to revenue results in–
(A) secret reserve (B) revenue reserve
(C) capital reserve (D) None of the above (Ans : A)
82. Assets of a business are Rs. 21315 and liabilities Rs. 4,120. What is the amount of owner's equity?
(A) Rs. 21,315 (B) Rs. 17,195 (C) Rs. 25,435 (D) Rs. 4,120 (Ans : B)
83. The policy that has been the most successful in increasing agricultural output in developing country is–
(A) import substitution (B) land reforms
(C) mechanisation (D) None of the above (Ans : B)
84. The income tax deducted from interest paid on debentures is shown on the–
(A) asset side of the balance sheet (B) liability side of the balance sheet
(C) credit side of P and L A/c (D) Debit side of P and L A/c (Ans : B)
85. Cash received from debtors is Rs. 12,000 and furniture purchased is Rs. 7,000. What is the net effect on the flow of funds?
(A) Net increase is working capital Rs. 5,000
(B) Net decrease is working capital Rs. 5,000
(C) Net increase in working capital Rs. 19,000
(D) Net decrease in working capital Rs. 7,000 (Ans : D)
86. Income includes following types of receipts-
(A) statutory receipts (B) illegal receipts
(C) statutory and illegal both (D) None of the above (Ans : C)
87. 'Open Market Operations' is a part of–
(A) Income policy (B) Fiscal policy
(C) Labour policy (D) Credit policy (Ans : D)
88. When net sales for the year are Rs. 2,50,000 and debtors Rs. 50,000 the average collection period is–
(A) 60 days (B) 45 days (C) 42 days (D) 72 days (Ans : D)
89. If the cost of goods sold in Rs. 1,20,000 and the rate of gross is 1/4 on sales, the amount of sales is–
(A) Rs. 1,20,000 (B) Rs. 90,000
(C) Rs. 80,000 (D) Rs. 96,000 (Ans : D)
90. When opening stock is Rs. 50,000, closing stock Rs. 60,000 and cost of goods sold Rs. 2,20,000, the stock turnover ratio is–
(A) 2 times (B) 3 times (C) 4 times (D) 5 times (Ans : C)
91. Investment according to Keynesian theory is–
(A) purchase of existing factory (B) purchase of shares of existing firms
(C) purchase of old building (D) establishment of new factory (Ans : D)
92. Which of the following equation is correct?
(A) opening stock + closing stock – purchases = cost of goods sold
(B) opening stock + purchase – closing stock = cost of goods sold
(C) purchases + closing stock – opening stock = cost of goods sold
(D) closing stock – purchase – opening stock = cost of goods sold (Ans : B)
93. Economic liberalisation in India started with–
(A) substantial changes in industrial licensing policy
(B) doing away with procedural formalities for foreign direct investment
(C) significant reduction in import duty (D) All the above (Ans : D)
94. Under capitalization can be remedied by–
(A) issue of bonus shares (B) redemption of preference shares
(C) redemption of debentures (D) redemption of interest on debentures (Ans : A)
95. The opportunity cost of holding money is determined by–
(A) the inflation rate (B) the level of aggregate output
(C) the interest rate (D) the discount rate (Ans : C)
96. Year ending on March 31st immediately prior to assessment year is called–
(A) calander year (B) assessment year
(C) previous year (D) None of the above (Ans : C)
97. If profits are 25% of selling price, what is the percentage of profit to cost?
(A) 20% (B) 25% (C) 30% (D) 33 1/3 % (Ans : D)
98. Say's law of market holds that–
(A) supply is not equal to demand (B) supply creates its own demand
(C) demand creates its own supply (D) supply is greater than demand (Ans : B)
99. If average cost is falling then–
(A) marginal cost is rising (B) marginal cost is falling
(C) marginal cost is equal to average cost
(D) it is impossible to tell if marginal cost is rising or falling (Ans : B)
100. Bank overdraft should be classified as–
(A) current asset (B) current liability
(C) fixed assets (D) fixed liability (Ans : B)
101. X Ltd. purchased land and building worth Rs. 28,80,000 and in lieu issued debentures of Rs. 100 each at a discount of 4%. What is the number of debentures issued–
(A) 28,800 (B) 30,000 (C) 32,000 (D) 32,200 (Ans : B)
102. Which of the following is an economic barometer–
(A) Skewness (B) Median (C) Index number (D) Mode (Ans : C)
103. The term fixed assets include–
(A) bank balance (B) stock of finished goods
(C) goodwill (D) loose tools (Ans : C)
104. During a period of rising prices, which inventory pricing method will result in lower total current assets–
(A) LIFO (B) FIFO (C) simple average method (D) None of the above (Ans : A)
105. When quick ratio is 1.5 : 1 and the amount of quick assets Rs. 30,000, what is the amount of quick liabilities?
(A) Rs. 20,000 (B) Rs. 50,000 (C) Rs. 45,000 (D) Rs. 30,000 (Ans : A)
106. Which of the following is not included in infrastructure in India?
(A) Education (B) Insurance (C) Energy (D) Transport (Ans : B)
107. If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are–
(A) complements (B) inferior goods (C) normal goods (D) substitutes (Ans : A)
108. The net assets of a business on Jan. 1 and Jan. 31 are Rs. 39,000 and Rs. 38,000 respectively. Additional investment by owner and withdrawal by owner during Jan. amount to Rs. 2000 and Rs. 6000 respectively. What is the net income for Jan. ?
(A) Rs. 1000 (Loss) (B) Rs. 3000 (C) Rs. 5000 (D) Rs. 4000 (Ans : B)
109. A Ltd. issued prospectus inviting applications for 2000 shares. Applications were received for 3000 shares and pro-rata allotment was made on the application for 2400 shares. If Ramesh had been alloted 40 shares, how many shares he must have applied for?
(A) 40 (B) 44 (C) 48 (D) 52 (Ans : C)
110. 'Control' function of management cannot be performed without–
(A) planning (B) organising (C) staffing. (D) motivation (Ans : A)
111. Expenditure incurred by a publisher for acquiring copyrights is a–
(A) capital expenditure (B) revenue expenditure
(C) deferred revenue expenditure (D) None of the above (Ans : A)
112. A very senior citizen shall be that individual for purpose of Income Tax whose age is More than following–
(A) 60 years (B) 75 years (C) 80 years (D) 82 years (Ans : C)
113. Classification of employees according to education and skill is called–
(A) two way (B) manifold (C) one way (D) time series (Ans : A)
114. If the cost of goods sold is Rs. 1,20;000 and the rate of gross loss is Rs. ¼ of sales the amount of sales is–
(A) Rs. 90,000 (B) Rs. 96,000 (C) Rs. 1,20,000 (D) Rs. 1,26,000 (Ans : B)
115. A valid definition of a business purpose is to–
(A) create a customer (B) maximise profits
(C) serve the society (D) increase the wealth of the firm (Ans : A)
116. In case of individual assessee, surcharge shall be levied only when income exceeds the following amount–
(A) Rs. one lakh (B) Rs. one crore
(C) Rs. ten lakh (D) None of the above (Ans : D)
117. If government spending is increased by Rs. 700 and taxes are increased by Rs. 700 the equilibrium level of income will–
(A) decrease by Rs. 700 (B) increase by Rs. 700
(C) not change (D) increase by Rs. 1400 (Ans : B)
118. Span of management means–
(A) a good organisation should consist of department
(B) authority of each person must be clearly defined
(C) each subordinate should have one superior
(D) a manager can supervise a limited number of executives (Ans : D)
119. Any balance in the share forfeiture account after all the forfeiture shares are re-issued should be–
(A) added to the paid up called (B) transferred to goodwill account
(C) transferred to capital reserve account
(D) should be shown in the balance sheet under the heading share forfeiture account (Ans : C)
120. How will you measure development of people ?,
(A) CPI (B) HRI (C) HDI (D) WPI (Ans : C)
121. According to convention of conservation the stock in trade is valued at–
(A) market price (B) cost price
(C) market price or cost price whichever is less
(D) market price or cost price whichever is more (Ans : C)
122. In an open economy, the national income (Y) of the economy is (C, I, G, X, M stand for Consumption, Investment, Government expenditure, total exports and total imports respectively)–
(A) Y = C + I + G + X
(B) Y = C + I + G – X + M
(C) Y = C + I + G + (X – M)
(D) Y = C + I – G + X – M (Ans : C)
123. The break even point is the point at which–
(A) there is no profit no loss (B) contribution margin is equal to total fixed cost
(C) total revenue is equal to total cost (D) All of the above (Ans : D)
124. When cash is Rs. 10,000, stock Rs. 25,000, investments Rs. 5,000 and creditors Rs. 22,000 and bank over-draft Rs. 8,000, the current ratio is–
(A) 2: 1 (B) 3: 4 (C) 4: 3 (D) 1: 1 (Ans : C)
125. Mean – mode = 3 (mean – …)–
(A) mean (B) median (C) mode (D) None of the above (Ans : B)
##################################
टिप्पणियाँ
एक टिप्पणी भेजें