B.Ed. Entrance Exam Part-1

1.      Giffin goods may be characterized as:

a.    Inferior goods

b.     To have positive demand curve

c.     To have negative demand curve

d.     A case when income effect is positive and very strong

2.     By which tax does the’ Government of India earn maximum revenue?

a.     Income-tax

b.     Custom duty

c.     Property-tax

d.     Excise duty

3.     The main objective of controlling is:

a.     Maintaining discipline

b.     Motivating subordinates

c.     Reducing gap between planning and performance

d.     None of the above

4.     A regressive tax will tend to redistribute income more:

a.     Equally

b.    Unequally

c.     Equitably

d.     Inequitably

5.     Which of the following totals would not be included in a firm’s Profit and Loss Account?

a.     Overhead cost

b.    Direct cost

c.     Allowances for depreciation of assets

d.     All the above will be included

6.     Which of the following is the basis for determining the national income?

a.     Total revenue of the State

b.     Production of goods and services

c.     Net profit earned and expenditure incurred by the state

d.     All the above

7.     All of the following totals would be included in a company’s Profit and Loss A/c except:

a.    Direct costs

b.     Allowances for depreciation of assets

c.     Overhead costs

d.     Value of premises owned by the company

8.     When did WTO, which set out rules for world trade, come into force?

a.     1984

b.     1951

c.     1954

d.     1995

9.     Who manage a joint stock company?

a.    Its Board of Directors

b.     Its General Body

c.     Its Management Council

d.     All the above

10.  The costs which do not vary with the changes in a firm’s output are known as:

a.    Fixed costs

b.     Variable costs

c.     Implicit costs

d.     Social costs

11.  Which of the following States leads in Commerce and Industry?

a.     Gujarat

b.     Tamil Nadu

c.     Maharashtra

d.     West Bengal

12.  Which of the following States accounts for the largest share of industrial production and capital investment?

a.     Gujarat

b.    Maharashtra

c.     Tamil Nadu

d.     West Bengal

13.  When the prices are rising, which of the following steps should the government adopt to bring about reduction in prices?

a.     Reduce the rate of tax on personal income

b.     Increase governmental spending

c.     Lower the interest rate

d.     Increase the availability of goods

14.  Which of the following is not mathematical average?

a.     Geometric average

b.     Harmonic average

c.     Quadratic average

d.     Progressive average

15.  Statutory Audit reports on:

a.     The efficiency of the Unit

b.     Accuracy of Stocjcs

c.     Accuracy of Accounts

d.     The proper follow-up of Government rules

16.  Fourteen leading Commercial Banks were nationalized on:

a.     15th August, 1947

b.     26th January, 1949

c.     19th July, 1969

d.     29th July, 1969

17.  According to Company Law a work done beyond the rights described in Memorandum of Association is:

a.     Legal

b.     Immoral

c.     Useless

d.     Opposed to public policy

18.  Who issues the Certificate of Incorporation?

a.     Central Government

b.     Shareholders

c.     Director

d.     Company Registrar

19.  Who stated ‘Bad money drives good money out of circulation’?

a.     Keynes

b.    Gresham

c.     Kent

d.     Mallows

20.   A partner has a right:

a.     To take part in business

b.     To be consulted

c.     To interest on capital

d.     All of the above

21.  What is the time duration of Managing director in a Public Company?

a.    5 years

b.     1 year

c.     7 years

d.     Life-long

22.  The concept of functional foreman as first developed by:

a.     Harrington Emerson

b.    F. W. Taylor

c.     F. B. Gilberth

d.     Elton Mayo

23.  Motivation is basically a:

a.     Sociological process

b.     Physiological process

c.     Psychological process

d.     Intellectual process

24.  Assets in the Balance Sheet of a company are arranged in the order of:

a.     Liquidity

b.     Market value

c.     Book value

d.     Permanence

25.  Non-convertible debentures refer to:

a.     Owner capital

b.    Loan capital

c.     Short-term debts

d.     All of the above

26.  Which of the following is not a current inability?

a.     Bills payable

b.     Bank overdraft

c.     Minority interest

d.     Unclaimed dividends

27.  The term ‘depletion’ is used in relation to:

a.     Fixed Assets

b.    Wasting Assets

c.     Current Assets

d.     Intangible Assets

28.  FIFO is advisable in case of:

a.     Rising prices

b.    Falling prices

c.     Constant prices

d.     None of the above

29.  Main source of India’s national income is:

a.    Agriculture

b.     Industry

c.     Forestry

d.     Construction

30.  Staffing includes:
1. Training 2.praisal
3. Placement 4.Directing

a.     1 and 3

b.    1, 2 and 3

c.     2 and 3

d.     1, 2, 3 and 4

31.  While delegating superior delegates:

a.    Only authority

b.     Authority and responsibility

c.     Authority, responsibility and accountability

d.     Authority and responsibility but not accountability

32.  Which of the following is the most democratic form of organization?

a.     Line

b.    Line and Staff

c.     Functional

d.     Committee

33.  The role of Staff in Line Staff organization is:

a.     Authoritative

b.    Responsible

c.     Advisory

d.     All of the above

34.  A company secretary is appointed by:

a.     The Government

b.     Debenture holders

c.     The Board of Directors

d.     Shareholders

35.  Which of the following would be fixed cost to manufacturing firm?

a.     Plant and Machinery

b.     Raw materials

c.     Wages

d.      Replacement of load

36.  Public Sector consists of those enterprises in which
The State owns—

a.     50% of the capital

b.     66% of the capital

c.     40% of the capital

d.     More than 50% of the capital

37.  Which is a capital expenditure?

a.     Wages paid

b.     Salaries paid

c.     Heavy advertisement cost

d.     Patents acquired

38.  A company can purchase its own:

a.     Equity shares

b.     Preference shares

c.     Debentures

d.     All of the above

39.  A and B are of 7: 5 partners. C is admitted for 1/5 share. The new ratio is:

a.     3:2:1

b.    5:3

c.     2: 2: 1

d.     None of the above

40.  The sacrificing ratio in above case is:

a.    7:5

b.     2: l

c.     Equal

d.     1:2

41.  Immediate Liquidity Test is:

a.     Current ratio

b.    Quick ratio

c.     Fixed assets turnover ratio

d.     Stock turnover ratio

42.  Cost accounting is a part of:

a.    Management accounting

b.     Financial accounting

c.     General accounting

d.     Special accounting

43.  Theory ‘X’ and ‘Y’ was originated by:

a.     P. F. Drucker

b.    McGregor

c.     Maslow

d.     Herzberg

44.  In a big office, efficient filing is:

a.    Vertical

b.     Horizontal

c.     Both

d.     None

45.  Net worth of a business means:

a.     Total fixed assets

b.    Assets minus liabilities

c.     Fixed assets minus current assets

d.     Share capital plus current liabilities

46.  Funds in relation to Funds Flow Statement earns:

a.     Net assets

b.     Current assets

c.     Net current assets

d.     Current liabilities

47.  In the absence of an agreement, the partners are entitled to interest on their loans at the rate of:

a.     5%

b.    6%

c.     7%

d.     10%

48.  Income and Expenditure A/c is prepared by:

a.     Manufacturing concerns

b.     Non-manufacturing concerns

c.     Trading concerns

d.     Non-trading concerns

49.  Debit side of Income and Expenditure A/c shows:

a.     Income

b.    Expenditure

c.     Cash receipts

d.     Cash payments

50.   Quick ratio is a test of:

a.     Liquidity

b.    Solvency

c.     Profitability

d.     None of the above