COOPERATION-PAGE 3
COOPERATION-PAGE 3 MCQs
1. Who is regarded as the pioneer of Linear Programming?
A:-George B. Dantzig
B:-T.L.Seaty
C:-D.W. Miller
D:-C.W.Churchman
Ans: A
2. "Management is the art of gettting things done through people"- this famous definition given by....
A:-Harold Koontz
B:-F.W. Taylor
C:-Mary parker Follet
D:-Lowrence A. Appley
Ans: C
3. Which of the following methods can be adopted to a company to reduce their cost and improve their organizational performance that lead to better utilization of resources
A:-Bench Marking
B:-Outsourcing
C:-Re-centralization
D:-Re-engineering
Ans: B
4. A statement which describes the nature,define the purposes and the scope of the job is called----
A:-Job Specification
B:-Job description
C:-job Analysis
D:-None of these
Ans: B
5. A Change in behaviour based on experience is called
A:-Selective Retention
B:-Motivation
C:-Dissonance
D:-Learning
Ans: D
6. Yahoo enables users to design a My Yahoo section with a choice of topics ,arrangement and colours. This is an
example of
A:-Bench Marking
B:-E-commerce
C:-Outsourcing
D:-Customization
Ans: D
7. Who conducted famous 'Hawthorne experiments'
A:-Elton Mayo
B:-F.W. taylor
C:-Max Webber
D:-Peter F. Drucker
Ans: A
8. Which of the following is not a primary activity in a value chain?
A:-Operations
B:-Procurement
C:-Marketing and sales
D:-Inbound Logistics
Ans: B
9. The exact manner in which the integrated series of activities will have to be performed is called
A:-Procedures
B:-Programmes
C:-Schedules
D:-Rule
Ans: A
10.------- technique is used to achieve the best allocation of available resources
A:-Transportaiontechniques
B:-GameThoery
C:-Linear Programming
D:-None of these
Ans: C
11. In a game theory ,a game is said to be fair, if the value of the game is
A:-Zero
B:-One
C:-More than One
D:-Less than One
Ans: A
12. The inventory control which is used to control the spare parts is
A:-ABC Analysis
B:-FIFO
C:-VED Analysis
D:-FSN Analysis
Ans: C
13. Insurance products are the example of
A:-Convenience Products
B:-Specialty Goods
C:-Shopping goods
D:-Unsought Products
Ans: D
14. If IBM and Apple Computer announce a joint operation to develop a new computer operating system ,it is an example of
A:-Corporate Marketing system
B:-Horizontal Marketing System
C:-Administered marketing System
D:-Conglomerate Marketing System
Ans: B
15. The level of product which gives actual benefits to the basic consumer needs is
A:-Augmented Product
B:-Actual Product
C:-Core Product
D:-None of these
Ans: C
16. The test measures the latent ability or potential of a candidate to learn a new job or skill is
A:-Aptitude test
B:-Proficiency test
C:-Attitude test
D:-Personality test
Ans: A
17. Theory of 'Z' was propounded by
A:-Mc. Gregor
B:-Follet
C:-Likert
D:-Urwick
Ans: D
18. 'Induction' means
A:-Training
B:-Promotion
C:-Incentives
D:-Introduction
Ans: D
19. Sportspersons always like to buy trendy products while top managers usually buy formal wear. Which of the following variable is used to segment this market?
A:-Personality
B:-Value
C:-Occupations
D:-Life styles
Ans: D
20. Departmentalization by process is followed in
A:-Paper Industry
B:-Departmental Store
C:-Banks
D:-Retail Shops
Ans: A
21. According to ------ the behaviour of an individual is determined by his strongest need at a particular moment. Needs that are not satisfied motivate the behaviour
A:-Abraham Maslow
B:-Peter F.Drucker
C:-Herzberg
D:-Vroom
Ans: A
22. In how many ways can the letters of the word 'STRANGE' be arranged so that the vowels occupies only the odd places.
A:-1200
B:-1440
C:-2200
D:-3840
Ans: B
23. -----is generally used for repetitive type projects or for thoseb projects fairly accurate estimate of time or completion of activities can be made.
A:-UNETICS
B:-PERT
C:-CPM
D:-TOPS
Ans: C
24. In which of the following stages of new product development, the 'Brain storming ' technique is used
A:-Concept Tesing
B:-Idea Generation
C:-Market Analysis
D:-Commercializzation
Ans: B
25. Which of the following methods used in dealing with surplus manpower getting rid of ageing employees and infusing fresh talents into the organizations
A:-Retrenchment
B:-Outplacement
C:-Lay off
D:-Voluntary Retirement
Ans: D
26.------- refers to the favourableness or unfavourableness of a job environment of people
A:-Work life Balance
B:-QWL
C:-QC
D:-Morale
Ans: D
27. Giving samples to the consumers is a part of
A:-Advertising
B:-Publicity
C:-Relationship marketing
D:-Sales promotion
Ans: D
28.'People who are ready to take responsibilities without fear'- according to
A:-Theory X
B:-Theory Y
C:-ERG
D:-Expectancy Theory
Ans: B
29.'The decisions are made rationally cent per cent perfect after considering the prose and cons of all the alternatives carefully'- According to
A:-Classical Theory
B:-Traditional Theory
C:-Behavioural Theory
D:-Situation Theory
Ans: A
30. The process of searching for prospective employees and stimulating them to apply for the job in the organization is called
A:-Recruitment
B:-Notification
C:-Induction
D:-Selection Test
Ans: A
31. If greater risk is associated with receiving of future economic benefit the --------- discount rate is adopted
A:-Lower
B:-Higher
C:-Normal
D:-Positive
Ans: B
32. It is an art of finding assets that are worth more than the cost to achieve the goals of optimizing wealth of owners
A:-Balancing Project
B:-Capital investment process
C:-Capital investment decisions
D:-Capital Budgeting
Ans: D
33. A new machinery in place of old equipment due to technological changes is termed as
A:-Balancing
B:-Modernization
C:-Expansion
D:-replacement
Ans: B
34. Debt funds are raised in the form of
A:-Term loan
B:-Debentures
C:-Bonds
D:-All of the above
Ans: D
35. The dividend policy of the firm and its market price of shares is determined by
A:-Price earnings ratio
B:-Dividend yield
C:-Earnings per share
D:-Book value
Ans: C
36. A company with huge accumulated reserves will distribute the earnings in the form of bonus shares are called
A:-Scrip dividend
B:-Cash dividend
C:-Interim dividend
D:-Final dividend
Ans: A
37. Return on capital employed is also known as
A:-Return on investment
B:-Return on share holders fund
C:-Return on total asset
D:-Return on fixed asset
Ans: A
38. A highly geared company exposes to
A:-Inflation risk
B:-Financial risk
C:-Business risk
D:-Internal rate risk
Ans: B
39. The cost of capital is not similar to one of the following
A:-Cut-off rate
B:-Hurdle rate
C:-Target rate
D:-Internal rate of return
Ans: D
40. The non-productive projects are to be financed by
A:-Debt and equity fund
B:-Equity fund
C:-Retained earnings
D:-Debt fund
Ans: C
A:-George B. Dantzig
B:-T.L.Seaty
C:-D.W. Miller
D:-C.W.Churchman
Ans: A
2. "Management is the art of gettting things done through people"- this famous definition given by....
A:-Harold Koontz
B:-F.W. Taylor
C:-Mary parker Follet
D:-Lowrence A. Appley
Ans: C
3. Which of the following methods can be adopted to a company to reduce their cost and improve their organizational performance that lead to better utilization of resources
A:-Bench Marking
B:-Outsourcing
C:-Re-centralization
D:-Re-engineering
Ans: B
4. A statement which describes the nature,define the purposes and the scope of the job is called----
A:-Job Specification
B:-Job description
C:-job Analysis
D:-None of these
Ans: B
5. A Change in behaviour based on experience is called
A:-Selective Retention
B:-Motivation
C:-Dissonance
D:-Learning
Ans: D
6. Yahoo enables users to design a My Yahoo section with a choice of topics ,arrangement and colours. This is an
example of
A:-Bench Marking
B:-E-commerce
C:-Outsourcing
D:-Customization
Ans: D
7. Who conducted famous 'Hawthorne experiments'
A:-Elton Mayo
B:-F.W. taylor
C:-Max Webber
D:-Peter F. Drucker
Ans: A
8. Which of the following is not a primary activity in a value chain?
A:-Operations
B:-Procurement
C:-Marketing and sales
D:-Inbound Logistics
Ans: B
9. The exact manner in which the integrated series of activities will have to be performed is called
A:-Procedures
B:-Programmes
C:-Schedules
D:-Rule
Ans: A
10.------- technique is used to achieve the best allocation of available resources
A:-Transportaiontechniques
B:-GameThoery
C:-Linear Programming
D:-None of these
Ans: C
11. In a game theory ,a game is said to be fair, if the value of the game is
A:-Zero
B:-One
C:-More than One
D:-Less than One
Ans: A
12. The inventory control which is used to control the spare parts is
A:-ABC Analysis
B:-FIFO
C:-VED Analysis
D:-FSN Analysis
Ans: C
13. Insurance products are the example of
A:-Convenience Products
B:-Specialty Goods
C:-Shopping goods
D:-Unsought Products
Ans: D
14. If IBM and Apple Computer announce a joint operation to develop a new computer operating system ,it is an example of
A:-Corporate Marketing system
B:-Horizontal Marketing System
C:-Administered marketing System
D:-Conglomerate Marketing System
Ans: B
15. The level of product which gives actual benefits to the basic consumer needs is
A:-Augmented Product
B:-Actual Product
C:-Core Product
D:-None of these
Ans: C
16. The test measures the latent ability or potential of a candidate to learn a new job or skill is
A:-Aptitude test
B:-Proficiency test
C:-Attitude test
D:-Personality test
Ans: A
17. Theory of 'Z' was propounded by
A:-Mc. Gregor
B:-Follet
C:-Likert
D:-Urwick
Ans: D
18. 'Induction' means
A:-Training
B:-Promotion
C:-Incentives
D:-Introduction
Ans: D
19. Sportspersons always like to buy trendy products while top managers usually buy formal wear. Which of the following variable is used to segment this market?
A:-Personality
B:-Value
C:-Occupations
D:-Life styles
Ans: D
20. Departmentalization by process is followed in
A:-Paper Industry
B:-Departmental Store
C:-Banks
D:-Retail Shops
Ans: A
21. According to ------ the behaviour of an individual is determined by his strongest need at a particular moment. Needs that are not satisfied motivate the behaviour
A:-Abraham Maslow
B:-Peter F.Drucker
C:-Herzberg
D:-Vroom
Ans: A
22. In how many ways can the letters of the word 'STRANGE' be arranged so that the vowels occupies only the odd places.
A:-1200
B:-1440
C:-2200
D:-3840
Ans: B
23. -----is generally used for repetitive type projects or for thoseb projects fairly accurate estimate of time or completion of activities can be made.
A:-UNETICS
B:-PERT
C:-CPM
D:-TOPS
Ans: C
24. In which of the following stages of new product development, the 'Brain storming ' technique is used
A:-Concept Tesing
B:-Idea Generation
C:-Market Analysis
D:-Commercializzation
Ans: B
25. Which of the following methods used in dealing with surplus manpower getting rid of ageing employees and infusing fresh talents into the organizations
A:-Retrenchment
B:-Outplacement
C:-Lay off
D:-Voluntary Retirement
Ans: D
26.------- refers to the favourableness or unfavourableness of a job environment of people
A:-Work life Balance
B:-QWL
C:-QC
D:-Morale
Ans: D
27. Giving samples to the consumers is a part of
A:-Advertising
B:-Publicity
C:-Relationship marketing
D:-Sales promotion
Ans: D
28.'People who are ready to take responsibilities without fear'- according to
A:-Theory X
B:-Theory Y
C:-ERG
D:-Expectancy Theory
Ans: B
29.'The decisions are made rationally cent per cent perfect after considering the prose and cons of all the alternatives carefully'- According to
A:-Classical Theory
B:-Traditional Theory
C:-Behavioural Theory
D:-Situation Theory
Ans: A
30. The process of searching for prospective employees and stimulating them to apply for the job in the organization is called
A:-Recruitment
B:-Notification
C:-Induction
D:-Selection Test
Ans: A
31. If greater risk is associated with receiving of future economic benefit the --------- discount rate is adopted
A:-Lower
B:-Higher
C:-Normal
D:-Positive
Ans: B
32. It is an art of finding assets that are worth more than the cost to achieve the goals of optimizing wealth of owners
A:-Balancing Project
B:-Capital investment process
C:-Capital investment decisions
D:-Capital Budgeting
Ans: D
33. A new machinery in place of old equipment due to technological changes is termed as
A:-Balancing
B:-Modernization
C:-Expansion
D:-replacement
Ans: B
34. Debt funds are raised in the form of
A:-Term loan
B:-Debentures
C:-Bonds
D:-All of the above
Ans: D
35. The dividend policy of the firm and its market price of shares is determined by
A:-Price earnings ratio
B:-Dividend yield
C:-Earnings per share
D:-Book value
Ans: C
36. A company with huge accumulated reserves will distribute the earnings in the form of bonus shares are called
A:-Scrip dividend
B:-Cash dividend
C:-Interim dividend
D:-Final dividend
Ans: A
37. Return on capital employed is also known as
A:-Return on investment
B:-Return on share holders fund
C:-Return on total asset
D:-Return on fixed asset
Ans: A
38. A highly geared company exposes to
A:-Inflation risk
B:-Financial risk
C:-Business risk
D:-Internal rate risk
Ans: B
39. The cost of capital is not similar to one of the following
A:-Cut-off rate
B:-Hurdle rate
C:-Target rate
D:-Internal rate of return
Ans: D
40. The non-productive projects are to be financed by
A:-Debt and equity fund
B:-Equity fund
C:-Retained earnings
D:-Debt fund
Ans: C
41. A situation where costs and revenue rise at the same rate is known as
A:-Differential inflation
B:-Real inflation
C:-Synchronized inflation
D:-None of these
Ans: C
42. The adoption of JIT supply chain management,vendor management will drastically reduces the level of
A:-Raw material stock
B:-Finished goods stock
C:-Work in progress stock
D:-All of the above
Ans: D
43. A situation where the company do not have funds sufficient to run its normal operations smoothly
A:-Over trading
B:-Over capitalization
C:-Under capitalization
D:-None of the above
Ans: C
44. The credit offered by a business firm to another business firm as a part of trade transactions
A:-Trade credit
B:-Consumer credit
C:-Cash discount
D:-Cost of credit
Ans: A
45. One of the following is a common source of finance for a small business firm
A:-Factoring
B:-Commercial paper
C:-Bill discounting
D:-Bill acceptance
Ans: C
46. The expected rate of return that equates to the market rate of interest for investment of a similar risk profile
A:-Opportunity cost
B:-Marginal cost
C:-Weighted average cost
D:-None of the above
Ans: A
47. The ratio of proportion of fixed interest bearing funds to equity share holders fund is known as
A:-Share holders equity ratio
B:-Proprietory ratio
C:-Capital gearing ratio
D:-Debtors turn over ratio
Ans: C
48. The lessor undertakes to finance only a part of the money required to purchase the asset in
A:-Financial lease
B:-Operating lease
C:-Sale and lease back
D:-Leveraged lease
Ans: D
49. The risk of obsolescence on the asset is borne by the
A:-Lessor
B:-Lessee
C:-Both (1) and (2)
D:-None of the above
Ans: A
50. The excess of current asset over current liability is called
A:-Net current asset
B:-Net working capital
C:-Working capital
D:-All of the above
Ans: D
51. When shares are forfeited the share capital account is debited by
A:-Paid up amount
B:-Called up amount
C:-Calls in arrears
D:-Nominal value of shares
Ans: B
52. Transfer to capital redemption reserve can be made from
A:-Dividend equalization reserve
B:-Security premium account
C:-Profit prior to incorporation
D:-Profit on re-issue of forfeited shares
Ans: A
53. The relation ship between normal rate of return and P.E ratio is
A:-Inverse
B:-Direct
C:-Irregular
D:-None of these
Ans: A
54. Right issue means issue of shares to
A:-Existing debenture holders
B:-Existing share holders
C:-Promoters
D:-Institutional investors
Ans: B
55. Capital of a company which can be called up only in the event of winding up is known as
A:-Nominal
B:-Registered
C:-Authorized
D:-Reserve
Ans: D
56. Forfeited share account is finally closed by transfer of its balance to
A:-General reserve
B:-Free reserve
C:-Capital reserve
D:-Securities premium account
Ans: C
57. A newly incorporated company cannot issue shares
A:-At discount
B:-At par
C:-At premium
D:-None of these
Ans: A
58. Shares issued by the company to its employees or directors at a discount or for considerations other than cash is known as
A:-Preference shares
B:-Equity shares
C:-Sweat shares
D:-Right issue
Ans: C
59. When preference shares are redeemed it results in
A:-Increase in capital
B:-Decrease in capital
C:-Both (1) and (2)
D:-None of these
Ans: D
60. Calls in arrears is shown as
A:-A current liability
B:-A current asset
C:-A fixed asset
D:-None of these
Ans: D
61. A bank which is registered in the second schedule of the RBI
A:-Scheduled bank
B:-Non-scheduled bank
C:-Foreign bank
D:-Domestic bank
Ans: A
62. The bank which plays an important role in promoting foreign trade
A:-Agriculture bank
B:-Exchange bank
C:-Industrial bank
D:-Commercial bank
Ans: B
63. Spreads of funds to reach a broader spectrum of people
A:-Self help group
B:-Deployment
C:-Micro-credit
D:-Direct finance
Ans: B
64. It refers to one company taking over controlling interest in another company
A:-Syndication
B:-Merger
C:-Acquisition
D:-Amalgamation
Ans: C
65. Process of converting the coded text to its original form
A:-Decryption
B:-Magnetism
C:-Encryption
D:-Tele-communication
Ans: A
66. Charge created on assets which undergo change is known as
A:-Fixed charge
B:-Floating charge
C:-Lien
D:-None of these
Ans: B
67. A document which represents ownership of goods in transit is known as
A:-Bill of lading
B:-Bill discounting
C:-Freight
D:-None of these
Ans: A
68. Practice of transferring a public utility from state ownership to private ownership is known as
A:-Liberalization
B:-Privatization
C:-Globalization
D:-Joint venture
Ans: B
69. IRDA act was passed in the year
A:-1938
B:-1956
C:-1999
D:-2001
Ans: C
70. Insurance is a form of protection against a possible
A:-Indemnity
B:-Loss
C:-Damage
D:-Risk
Ans: D
71. The concept where transactions are entered in the books of accounts at the amount actually involved is known as
A:-Money measurement concept
B:-Cost concept
C:-Going concern concept
D:-Dual-aspect concept
Ans: B
72. The standard deals with the bases for recognition of revenue in the statement of profit and loss of an enterprise
A:-AS22
B:-AS19
C:-AS2
D:-AS9
Ans: D
73. The person who is in reality a partner, but whose name does not appear in any way as partner is known as
A:-Sleeping partner
B:-Nominal partner
C:-Partners in profit only
D:-Partners by estoppel
Ans: A
74. Huge advertising expenses are incurred to introduce a new product in the market is a
A:-Capital expenditure
B:-Deffered revenue expenditure
C:-Revenue expenditure
D:-None of these
Ans: B
75. The primary record of a credit purchase of a fixed asset is made in
A:-Journal proper
B:-Purchase book
C:-Cash book
D:-Sales book
Ans: A
76. Which of the following account is opened when a partnership firm is dissolved
A:-P/L appropriation A/C
B:-Revaluation A/C
C:-Realisation A/C
D:-P/L adjustment A/C
Ans: C
77. A document evidencing a debit to be raised against a party for any reason other than a credit sale is called
A:-Currency note
B:-Credit note
C:-Promissory note
D:-Debit note
Ans: D
78. The account which is prepared to ascertain the cost of goods manufactured
A:-Sales A/C
B:-Machinery A/C
C:-Manufacturing A/C
D:-None of these
Ans: C
79. In the absence of an agreement to the contrary,it is assumed that the partners are to share profits
A:-Equally
B:-In the old profit sharing ratio
C:-Sacrificing ratio
D:-None of these
Ans: A
80. When a partnership firm is converted into a joint stock company,the expenses involved are borne by
A:-Partnership firm
B:-Joint stock company
C:-As agreed upon by the firm and the joint stock company
D:-Government
Ans: C
A:-Differential inflation
B:-Real inflation
C:-Synchronized inflation
D:-None of these
Ans: C
42. The adoption of JIT supply chain management,vendor management will drastically reduces the level of
A:-Raw material stock
B:-Finished goods stock
C:-Work in progress stock
D:-All of the above
Ans: D
43. A situation where the company do not have funds sufficient to run its normal operations smoothly
A:-Over trading
B:-Over capitalization
C:-Under capitalization
D:-None of the above
Ans: C
44. The credit offered by a business firm to another business firm as a part of trade transactions
A:-Trade credit
B:-Consumer credit
C:-Cash discount
D:-Cost of credit
Ans: A
45. One of the following is a common source of finance for a small business firm
A:-Factoring
B:-Commercial paper
C:-Bill discounting
D:-Bill acceptance
Ans: C
46. The expected rate of return that equates to the market rate of interest for investment of a similar risk profile
A:-Opportunity cost
B:-Marginal cost
C:-Weighted average cost
D:-None of the above
Ans: A
47. The ratio of proportion of fixed interest bearing funds to equity share holders fund is known as
A:-Share holders equity ratio
B:-Proprietory ratio
C:-Capital gearing ratio
D:-Debtors turn over ratio
Ans: C
48. The lessor undertakes to finance only a part of the money required to purchase the asset in
A:-Financial lease
B:-Operating lease
C:-Sale and lease back
D:-Leveraged lease
Ans: D
49. The risk of obsolescence on the asset is borne by the
A:-Lessor
B:-Lessee
C:-Both (1) and (2)
D:-None of the above
Ans: A
50. The excess of current asset over current liability is called
A:-Net current asset
B:-Net working capital
C:-Working capital
D:-All of the above
Ans: D
51. When shares are forfeited the share capital account is debited by
A:-Paid up amount
B:-Called up amount
C:-Calls in arrears
D:-Nominal value of shares
Ans: B
52. Transfer to capital redemption reserve can be made from
A:-Dividend equalization reserve
B:-Security premium account
C:-Profit prior to incorporation
D:-Profit on re-issue of forfeited shares
Ans: A
53. The relation ship between normal rate of return and P.E ratio is
A:-Inverse
B:-Direct
C:-Irregular
D:-None of these
Ans: A
54. Right issue means issue of shares to
A:-Existing debenture holders
B:-Existing share holders
C:-Promoters
D:-Institutional investors
Ans: B
55. Capital of a company which can be called up only in the event of winding up is known as
A:-Nominal
B:-Registered
C:-Authorized
D:-Reserve
Ans: D
56. Forfeited share account is finally closed by transfer of its balance to
A:-General reserve
B:-Free reserve
C:-Capital reserve
D:-Securities premium account
Ans: C
57. A newly incorporated company cannot issue shares
A:-At discount
B:-At par
C:-At premium
D:-None of these
Ans: A
58. Shares issued by the company to its employees or directors at a discount or for considerations other than cash is known as
A:-Preference shares
B:-Equity shares
C:-Sweat shares
D:-Right issue
Ans: C
59. When preference shares are redeemed it results in
A:-Increase in capital
B:-Decrease in capital
C:-Both (1) and (2)
D:-None of these
Ans: D
60. Calls in arrears is shown as
A:-A current liability
B:-A current asset
C:-A fixed asset
D:-None of these
Ans: D
61. A bank which is registered in the second schedule of the RBI
A:-Scheduled bank
B:-Non-scheduled bank
C:-Foreign bank
D:-Domestic bank
Ans: A
62. The bank which plays an important role in promoting foreign trade
A:-Agriculture bank
B:-Exchange bank
C:-Industrial bank
D:-Commercial bank
Ans: B
63. Spreads of funds to reach a broader spectrum of people
A:-Self help group
B:-Deployment
C:-Micro-credit
D:-Direct finance
Ans: B
64. It refers to one company taking over controlling interest in another company
A:-Syndication
B:-Merger
C:-Acquisition
D:-Amalgamation
Ans: C
65. Process of converting the coded text to its original form
A:-Decryption
B:-Magnetism
C:-Encryption
D:-Tele-communication
Ans: A
66. Charge created on assets which undergo change is known as
A:-Fixed charge
B:-Floating charge
C:-Lien
D:-None of these
Ans: B
67. A document which represents ownership of goods in transit is known as
A:-Bill of lading
B:-Bill discounting
C:-Freight
D:-None of these
Ans: A
68. Practice of transferring a public utility from state ownership to private ownership is known as
A:-Liberalization
B:-Privatization
C:-Globalization
D:-Joint venture
Ans: B
69. IRDA act was passed in the year
A:-1938
B:-1956
C:-1999
D:-2001
Ans: C
70. Insurance is a form of protection against a possible
A:-Indemnity
B:-Loss
C:-Damage
D:-Risk
Ans: D
71. The concept where transactions are entered in the books of accounts at the amount actually involved is known as
A:-Money measurement concept
B:-Cost concept
C:-Going concern concept
D:-Dual-aspect concept
Ans: B
72. The standard deals with the bases for recognition of revenue in the statement of profit and loss of an enterprise
A:-AS22
B:-AS19
C:-AS2
D:-AS9
Ans: D
73. The person who is in reality a partner, but whose name does not appear in any way as partner is known as
A:-Sleeping partner
B:-Nominal partner
C:-Partners in profit only
D:-Partners by estoppel
Ans: A
74. Huge advertising expenses are incurred to introduce a new product in the market is a
A:-Capital expenditure
B:-Deffered revenue expenditure
C:-Revenue expenditure
D:-None of these
Ans: B
75. The primary record of a credit purchase of a fixed asset is made in
A:-Journal proper
B:-Purchase book
C:-Cash book
D:-Sales book
Ans: A
76. Which of the following account is opened when a partnership firm is dissolved
A:-P/L appropriation A/C
B:-Revaluation A/C
C:-Realisation A/C
D:-P/L adjustment A/C
Ans: C
77. A document evidencing a debit to be raised against a party for any reason other than a credit sale is called
A:-Currency note
B:-Credit note
C:-Promissory note
D:-Debit note
Ans: D
78. The account which is prepared to ascertain the cost of goods manufactured
A:-Sales A/C
B:-Machinery A/C
C:-Manufacturing A/C
D:-None of these
Ans: C
79. In the absence of an agreement to the contrary,it is assumed that the partners are to share profits
A:-Equally
B:-In the old profit sharing ratio
C:-Sacrificing ratio
D:-None of these
Ans: A
80. When a partnership firm is converted into a joint stock company,the expenses involved are borne by
A:-Partnership firm
B:-Joint stock company
C:-As agreed upon by the firm and the joint stock company
D:-Government
Ans: C
81:-One of the extension Centre of co-operative training college is situated at
A:-Thrissur
B:-Angamaly
C:-Tirur
D:-Ottapalam
Ans: C
82:-Subsidiary state partnership fund is maintained by
A:-Central Societies
B:-State Societies
C:-Primary Societies
D:-All Societies
Ans: A
83:-On May 1999 RBI appointed K. Madhava Rao Commission to
A:-Review the performance of Rural Development Banks
B:-Review the performance of Primary Service Co-operative Banks
C:-Review the performance of Urban Co-operative Banks
D:-Review the performance of Central Co-operative Banks
Ans: C
84:-One of the co-operative spinning mill functioning in
A:-Palakkad
B:-Ernakulum
C:-Sulthan Bathery
D:-Malappuram
Ans: D
85:-An MLA/MP is
A:-Eligible to become a member of board of directors of NABARD
B:-Ineligible to become a member of board of directors of NABARD
C:-Eligible to get higher positions in the board of directors
D:-Not a subject matter to consideration
Ans: B
86:-MILMA stands for
A:-Kerala Milk Marketing Society
B:-Kerala Milk Marketing Federation
C:-Kerala Co-operative Milk Marketing Federation
D:-Kerala Co-operative Milk Farmers Society
Ans: C
87:-Rule 34 of Section 27 explained about
A:-Representative General Body
B:-First General Body
C:-Annual General Body
D:-Last General Body
Ans: A
88:-Which committee recommended first time in India for infrastructure facilities for co-operative education ?
A:-F. Nicholson
B:-Malcom Darling
C:-Royal Commission
D:-None of these
Ans: B
89:-The manner of a co-operative audit shall be prescribed by the
A:-Director
B:-Government
C:-Registrar
D:-Auditor General
Ans: B
90:-APCOS is associated with
A:-Industrial co-operatives
B:-Poultry co-operatives
C:-Fisheries co-operatives
D:-Dairy co-operatives
Ans: D
91:-NCCT established on
A:-1973
B:-1974
C:-1975
D:-1976
Ans: D
92:-Handloom societies are e.g. to
A:-Labour societies
B:-Marketing societies
C:-Industrial societies
D:-None of these
Ans: C
93:-Which Act focus to non-credit societies first time in India ?
A:-1904 Act
B:-1912 Act
C:-1919 Act
D:-1969 Act
Ans: B
94:-NABARD stands for
A:-National Bank for Rural Development
B:-National Agency Bank for Agricultural and Rural Development
C:-National Bank for Agricultural and Rural Development
D:-None of these
Ans: C
95:-Reserve Fund of District Co-operative Bank is
A:-10% of Net Profit
B:-15% of Net Profit
C:-20% of Net Profit
D:-25% of Net Profit
Ans: D
96:-Co-operatives are
A:-Charities
B:-Not charities
C:-Corporate structure
D:-Social experiment
Ans: B
97:-CRAFICARD stands for
A:-Committee to Rearrangements for Institutional Credit and Rural Development
B:-Commission to Review Arrangements for Institutional Credit and Rural Development
C:-Commission to Rearrangements for Institutional Credit and Rural Development
D:-Committee to Review Arrangements for Institutional Credit and Rural Development
Ans: D
98:-First oil mill complex organised by KERAFED run at
A:-Thrissur
B:-Vytilla
C:-Thiruvalla
D:-Karunagapally
Ans: D
99:-Co-operative wholesale stores following
A:-Double compartment system of accounting
B:-Single entry system
C:-Slip system
D:-None of these
Ans: A
100:-'Sahakarana Veedhi' is published regularly by
A:-Kerala State Co-operative Bank
B:-Co-operative Information Bureau
C:-Ministry of co-operative Affairs
D:-Government of Kerala
Ans: B
A:-Thrissur
B:-Angamaly
C:-Tirur
D:-Ottapalam
Ans: C
82:-Subsidiary state partnership fund is maintained by
A:-Central Societies
B:-State Societies
C:-Primary Societies
D:-All Societies
Ans: A
83:-On May 1999 RBI appointed K. Madhava Rao Commission to
A:-Review the performance of Rural Development Banks
B:-Review the performance of Primary Service Co-operative Banks
C:-Review the performance of Urban Co-operative Banks
D:-Review the performance of Central Co-operative Banks
Ans: C
84:-One of the co-operative spinning mill functioning in
A:-Palakkad
B:-Ernakulum
C:-Sulthan Bathery
D:-Malappuram
Ans: D
85:-An MLA/MP is
A:-Eligible to become a member of board of directors of NABARD
B:-Ineligible to become a member of board of directors of NABARD
C:-Eligible to get higher positions in the board of directors
D:-Not a subject matter to consideration
Ans: B
86:-MILMA stands for
A:-Kerala Milk Marketing Society
B:-Kerala Milk Marketing Federation
C:-Kerala Co-operative Milk Marketing Federation
D:-Kerala Co-operative Milk Farmers Society
Ans: C
87:-Rule 34 of Section 27 explained about
A:-Representative General Body
B:-First General Body
C:-Annual General Body
D:-Last General Body
Ans: A
88:-Which committee recommended first time in India for infrastructure facilities for co-operative education ?
A:-F. Nicholson
B:-Malcom Darling
C:-Royal Commission
D:-None of these
Ans: B
89:-The manner of a co-operative audit shall be prescribed by the
A:-Director
B:-Government
C:-Registrar
D:-Auditor General
Ans: B
90:-APCOS is associated with
A:-Industrial co-operatives
B:-Poultry co-operatives
C:-Fisheries co-operatives
D:-Dairy co-operatives
Ans: D
91:-NCCT established on
A:-1973
B:-1974
C:-1975
D:-1976
Ans: D
92:-Handloom societies are e.g. to
A:-Labour societies
B:-Marketing societies
C:-Industrial societies
D:-None of these
Ans: C
93:-Which Act focus to non-credit societies first time in India ?
A:-1904 Act
B:-1912 Act
C:-1919 Act
D:-1969 Act
Ans: B
94:-NABARD stands for
A:-National Bank for Rural Development
B:-National Agency Bank for Agricultural and Rural Development
C:-National Bank for Agricultural and Rural Development
D:-None of these
Ans: C
95:-Reserve Fund of District Co-operative Bank is
A:-10% of Net Profit
B:-15% of Net Profit
C:-20% of Net Profit
D:-25% of Net Profit
Ans: D
96:-Co-operatives are
A:-Charities
B:-Not charities
C:-Corporate structure
D:-Social experiment
Ans: B
97:-CRAFICARD stands for
A:-Committee to Rearrangements for Institutional Credit and Rural Development
B:-Commission to Review Arrangements for Institutional Credit and Rural Development
C:-Commission to Rearrangements for Institutional Credit and Rural Development
D:-Committee to Review Arrangements for Institutional Credit and Rural Development
Ans: D
98:-First oil mill complex organised by KERAFED run at
A:-Thrissur
B:-Vytilla
C:-Thiruvalla
D:-Karunagapally
Ans: D
99:-Co-operative wholesale stores following
A:-Double compartment system of accounting
B:-Single entry system
C:-Slip system
D:-None of these
Ans: A
100:-'Sahakarana Veedhi' is published regularly by
A:-Kerala State Co-operative Bank
B:-Co-operative Information Bureau
C:-Ministry of co-operative Affairs
D:-Government of Kerala
Ans: B