UNIT-4 MOCK TEST - Free Quiz Maker

Q1 Score: 1.39

homemade leverage.

restructured leverage.

combined leverage

Q2 Score: 1.39

Heavy advertisement expenditure.

Expenses incurred in removing the business to more convenient premises.

Preliminary expenses.

Depreciation on fixed assets.

Q3 Score: 1.39

Market value of the asset

Historical cost or other amount substituted for the historical cost of the depreciable asset when the asset had been revalued

Expected useful life of the depreciable asset

Estimated residual value of the depreciable asset

Q4 Score: 1.39

Institute of Chartered Accountants of India

Institute of Cost and Works Accountants of India

Institute of Company Secretaries of India

Q5 Score: 1.39

Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.

Wages paid for the erection of plant and machinery.

Obsolescence cost.

Cost of goods purchased for resale.

Q6 Score: 1.39

Accounting standards codify the generally accepted accounting principles

They lay down the norms of accounting policies and practices by way of codes or guidelines

The main purpose of accounting standards is to provide information to the user as to the basis on which the accounts have been prepared

All of the above

Q7 Score: 1.39

graphical analysis

preference analysis

common size analysis

returning analysis

Q10 Score: 1.39

low riskier firms

high riskier firms

low dividends paid

Q14 Score: 1.39

As a current liability

As an appropriation of profits

Either a or b

None of the above

Q15 Score: 1.39

As a current liability

As an appropriation of profits

Either a or b

NONE OF THESE

Q16 Score: 1.39

Non-current investments

Trade Investments

Sinking fund investments

All of the above

Q17 Score: 1.39

Payment of dividend on share capital

Payment of tax

Increase in working capital

All of the above

Q20 Score: 1.39

Cost of direct labour

Cost of indirect labour

Direct expenses

Indirect expenses

Q21 Score: 1.39

Cost of direct labour

Cost of indirect labour

Direct expenses

Indirect expenses

Q27 Score: 1.39

Accepted

Rejected with condition

Rejected with approval

Rejected

Q28 Score: 1.39

Planning for funds

Raising of funds

Allocation of Resources

All of the above

Q29 Score: 1.39

(A) (B) (C) (D) 1 4 3 2

(A) (B) (C) (D) 1 2 3 4

(A) (B) (C) (D) 3 1 2 4

(A) (B) (C) (D) 1 4 3 5

Q30 Score: 1.39

Both A and R are true and R is the correct explanation of A

Both A and R are true but R is not a correct explanation of A

A is true but R is false

A is false but R is true

Q31 Score: 1.39

It avoids the problem of computing the required rate of return for each investment proposal.

It is the only way to measure a firm's required return.

It acknowledges that most new investment projects have about the same degree of risk.

It acknowledges that most new investment projects offer about the same expected return.

Q32 Score: 1.39

Discount rate which the firm should apply to all of the projects it undertakes

Rate of return a firm must earn on its existing assets to maintain the current value of its stock.

Coupon rate the firm should expect to pay on its next bond issue

Maximum rate which the firm should require on any projects it undertakes.

Q34 Score: 1.39

Return on the stock minus the risk-free rate.

Difference between the return on the market and the risk-free rate

Beta times the market risk premium. d. Beta times the risk-free rate

. Market rate of return

Q35 Score: 1.39

Financial terms

Non‐financial terms

Subjective matter

both a & b

Q36 Score: 1.39

Indefinite period

Definite period

Period of one year

Six months

Q37 Score: 1.39

All business activities

Production activities

Purchase activities

Sales activities

Q38 Score: 1.39

Management

Share holders

Creditors

all of the above

Q39 Score: 1.39

Production department

Finance department

Marketing department

ALL

Q41 Score: 1.39

Marginal costing

Ratio analysis

Standard costing

Subjective matter

Q42 Score: 1.39

Obtaining bank credi

Issue of shares

Getting grants from government

NONE OF THESE

Q44 Score: 1.39

Bonus shares

Rights shares

Remuneration plans

None

Q45 Score: 1.39

Changes in government policies

. Inflationary conditions

BOTH

Q50 Score: 1.39

Affects its reliability

Increase the accuracy

Both

Q52 Score: 1.39

Period of budget committee

Period of budget centres

. Period for which a budget is prepared

Q53 Score: 1.39

(i), (ii), (iii) and (iv)

(ii), (iii), (iv) and (v)

(i), (iii), (iv) and (vi)

(i), (ii), (iv) and (vi)

Q54 Score: 1.39

Abuse of dominant position

Anti-competitive agreements

Medical negligence

Q55 Score: 1.39

(i), (ii) and (iii)

(i), (ii), (iii) and (iv)

(i), (ii), (iii), (iv) and (v)

ii), (iii), (iv) and (v)

Q56 Score: 1.39

(i), (ii), (iii), (iv) and (v)

(i), (ii), (iii) and (iv)

(ii), (iv) and (v)

(ii), (iii), (iv) and (v)

Q57 Score: 1.39

(i), (ii), (iii) and (iv)

(ii), (iii), (iv) and (v)

(i), (iii), (iv) and (v)

Q58 Score: 1.39

(i), (ii), (iii) and (iv)

(ii), (iii), (iv) and (v)

(i), (iv) and (v)

Q59 Score: 1.39

No complaint can be entertained in respect of a product purchased more than 2 years back.

A complaint against medical negligence can be filed by legal heir or representative of the deceased.

A complaint involving a claim of Rs. 15 lakhs is to be filed before the State Commission.

Both (A) and (C)

Q60 Score: 1.39

Direct effect on the Consolidated Balance Sheet

No effect on the Consolidated Balance Sheet

No effect on Net Profit

Consolidated Balance Sheet

Q61 Score: 1.39

Direct effect on the Consolidated Balance Sheet

No effect on the Consolidated Balance Sheet

No effect on Net Profit

Q62 Score: 1.39

HR Accounting

Inflation Accounting

Social Accounting

Responsibility Accounting

Q63 Score: 1.39

Attainable Standard

Basic Standard

Current Standard

Ideal Standard

Q64 Score: 1.39

Proprietory Ratio

Stock-Turnover Ratio

Debt-Equity Ratio

Q65 Score: 1.39

(d) (c) (a) (b)

(d) (a) (c) (b)

Q66 Score: 1.39

Both (A) and (R) are correct.

(A) is correct, but (R) is wrong.

(A) is wrong, but (R) is correct.

Q67 Score: 1.39

Both (A) and (R) are correct.

Only (A) is correct.

Only (R) is correct.

Q68 Score: 1.39

(iv) (ii) (i) (iii)

(i) (iii) (iv) (ii)

(ii) (i) (iii) (iv)

(iii) (iv) (ii) (i)

Q69 Score: 1.39

Both (A) and (R) are correct.

Only (A) is correct.

Only (R) is correct.

Q70 Score: 1.39

Cross Elasticity of Demand

Substitution Elasticity of Demand

Complementary Elasticity of Demand

Price Elasticity of Demand

Q71 Score: 1.39

Rs. 200 and Rs. 200

Rs. 100 and Rs. 200

Rs. 260 and Rs. 100

Rs. 160 and Rs. 100

Q72 Score: 1.39

Isocost is tangent to Isoquant

MRTS between inputs is equal

Any movement from optimum point will lead to low level of output

all of the above