commerce mock test 2

8/11/2019 Commerce Mock Test 2

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. CfCP , ,DO NOT OPEN THIS TEST BOOKLET UNTIL YOU ARE ASKED TO oO SO

T.B.C. : P - D T Q - J - D P N

Serial No.

8997

Time Allowed Two H our s

TEST BOOKLETCOMMERCE

I N S T R U T I O N S

Test Booklet Series

Maximum Marks : 300

l IMMEDIATELY AFTER THE COMMENCEMENT OF THE EXAMINATION YOU SHOULDCHECK THAT THIS TEST BOOKLET DOES OT HAVE ANY UNPRINTED OR TORN ORMISSING PAGES OR ITEMS ETC. IF SO, GET IT REPLACED BY A COMPLETE TESTBOOKLET_

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4. This Test Booklet contains 120 i tems questions). Each Item IS printed both in Hindiand English. Each item comprises four responses answers). You will select theresponse which you want to mark on the Answer Sheet. In case you feel that there ismore than one correct response, mark the response which you consider the best. In anycase, choose ONLY ONE response for each item.You have to mark all your responsesSec directions in the Answer Sheet.

6. All items carry equal marks.

ONLY on the separate Answer Sheet provided.

7 . Before you proceed to mark in the Answer Sheet the response to various items in theTest Booklet you have to fill in some particulars in the Answer Sheet as per instructionssent to you with your Admission Certificate.

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9. Sheets for rough work are appended in the Test Booklet a t the end.10. Penal ty far wrong an aw eu ;

THERE WILL E PEN LTY FOR WRONG ANSWERS M RKED BY A C NDID TE IN THEOBJECTIVE TYPE QUESTION PAPERS_

i) There are four alternatives for the answer to every question. For each question forwhich a wrong answer has been given by the candidate, one-Urlrd 033) of the

marks assigned to that question will be deducted as penalty.ii) If a candidate gives more than one answer, It will be treated as a wrong answer even

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1. Which one of the following is t h ecorrect sequence of steps followedin accounting of transactions?

{a) Classification-sourcedocument-Summarization

Recording

b) Source document-RecordingClassiftcat ion-Summarizat ion

{c) Recording-Summarization-Classification-source document

d) Source document-Classificat ion-Recordmg-summalization

2. Match L1st-l with List-11 and selectthe correct answer using 1he codegiVen below the Lists

L is t /

A. Fixed asse ts arevalued at costless depreciat10n

List-JJ

1 Going-concem

concept

B Appending notes 2. Materialityregarding convention

contingentliabilitie5 inaccountings ta tements

C. Insignificanti tems or eventshaving aninsignificanteconomic effectneed not be

disclosed

3. Business entityconcept

D Cash withdrawn 4 u l l ~ d i s c l o s u r e

by the owner to C


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" " < ' 1 ~ 1 0~ f l < h ( U Jt i ~

a) ~ ~ ~ - < l > F f < t > ( U J ~

(d) lim @ - - - " i i i j lf f < l ; { t i J ~ - t i ~

2. ~ - 1 -,ffi ~ - I I it Wlfua 3ffi~ -;ftit ~ rro: ' I i i m ffifl

~ ~

~ - I ~ - I I

A. qll:wllfillll l ~ i i i l l'li'IR:) t?

(a} 65,000 Oo

b) 83,000 '\iO

c} 68,000 1,io

d) 73,000 Oo

a)


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5. If Assets of a business entity areRs 43,000, Liabilities--Rs 3,000,Capi ta l -Rs 40,000 on 1.3.2008a n d on tha t date it sold goodscosting Rs 4,000 at Rs 4,500 for=h which one of the following is

the new ac


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5 -..fu 1J;'fi "'li"HIIRi'li \'I 'll -t'l q f l : l i 1 ' 1 f u ~ f43,000 l;o t 3,000 l ;o , 1?fl1-3-2008 'lit 40,000 l ;o (IIlii ~ ful>r' >: 4,000 1;o -t'l ffitTil 'li1 'lffi'f4,500 1;o it full; ~ . : ~ :

.,._,' ' ' ' ' . ' ~> # i t ~ )

~ I I

(qR: Aillfit)

B. J1ffiH q f t ~ n t t ~< i'rem


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8 '\Vfi-1 -it ~ - 1 "il dt-.:t -;ftil ful :'11 ; 1jjC 'll


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l l Given. Purchases-Rs 1,00,000,S a l e s - s 1 80,000, Closing s t o c kRs 14,000 and Manufacturingexpenscs-Rs 10,000. Which one ofthe following is the value ofOpening stock if the rate of gross

profit is 3 3 % on cost?

a) Rs 28,000

b) Rs 39,000

c) Rs 37,000

d) Rs 42,000

12, X started a garment businesson 1.1.2007 with a capital of

Rs 1,00,000. Her capital on31.12.2007 was Rs 1,80,000.During the period she introducedfurther capital of Rs 30,000 andwithdrew from the business fordomestic purpose Rs 20,000. Whichone of the following is the value ofher profit for the year ended31.12.2007?

a) Rs 70,000

b) Rs 1,70,000c) Rs 1,90,000

d) Rs 77,000

13 f a trader 's sales amormt toRs 18,000 and his gross profit andnet profit are 60% and 40% of salesrespectively, which one o f the

following are his expenses i f there isno indirect income?

a) Rs 7,200

b) Rs 2,500

c) s 3,600

d) Rs 6,480

P DTQ J DPN/SA 8

14. S Ltd. has in stock goods worthRs 10,000 supplied by its parentcompany H Ltd. on which the lattermade a profit of 20% on cost. Thecontrolling interest of H Ltd. inS Ltd. is 80%. At which one of the

following amounts, theshould be shown m

Consolidated Balance Sheet?

a} Rs 10,000

b) Rs 8,000

c) Rs 8,400

d) Rs 7,500

stock

'

15. Given, Balance of creditors of a firm__ s ~ J a n u a r yl , 2007- Rs 50,000,

Cash paid to credi tors-Rs 44,000,Bills payable accepted during theyea r - Rs 10,000, Purchase returnsRs 1,000 and Creditors as onDecember 31, 2 0 0 7 -R s 15,000.Which one of the following is thecredit purchase of the firm for thesame period?

a) Rs 15,000

b/ Rs 25,000rc) Rs 20,000

d) Rs 30,000

16. Which one of the followingtransactions does o t affect theBalance Sh.eet totals?

fa) Purchase of Rs 5,000 supplieson credit

b) Payment of Rs 30,000 note

payable

c) Collection of Rs 40,000 fromdebtors

d) Withdrawal of Rs 8,000 byowner

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i 'f 1 ,00 ,000 1\o, 1,80,000 1;o,

14 ,000 1;o fu:t i\; "''l' 1l: il

~ ~ 31-12-2007 oil m -p :a> if>-fun:f.IHfolfuld -qil 'liH-w;rnii;


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17. You have the information that X Ltd.has declared 40% dividend. Whichone of the following does i t actuallymean?

a) X Ltd. has declared 40% of netprofit as dividend

b) X Ltd. has declared 40% ofprofits after tax as dividend

c) X Ltd. will give dividend@ 40%on issued capital

,,, X Ltd. will give diVldend@ 40%on paid-up capital

18. What does the balance of joint life

policy account in the Balance Sheetof a partnership firm represent?

19. Consider the following :

.

1. Payments to preference shareholders who paid calls inadvance

2. Preference dividend

3. Payment to debenture holders

4 . Preferential creditors

Which one of the following is thecorrect order of preferentialpayments of the above to befollowed by the official liquidatorin the event of liquidation of thecompany as per the provisions ofthe Companies Act. 1956?

' ' 1-2-3-4b) 3-4--2-lc) 2-1--4-3

I ' 3-2-1-4

Which one of the following coursesof action l legally availableto a company in th event ofrion-comp iancestandards?

accounting

a) The company shall report thematter to the Institute of

a) Total premium paid to date Chartered Accountants of India

bj Annual installment of premiumpayable each year

c) The policy s surrender value

d) Amount receivable on maturity

P-DTQ-..1-DPN/SA .

b) The company shall reportthe matter to the NationalCompany Law Tribunal

c) The company shall disclose thedeviation from the accountingstandards. reason for suchdeviation and the financialeffect thereof

d) The company shall ignore it

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17. 3ll'lilicmrll1 't;ffur5i>' l fr lR' I


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Which one of the following pairs iscorrectly matched?

o) Share Revenuepremium reserve

M Valuation Super-profitof shares method

0) Profit prior to Capitalincorporation reserve

d) Valuation IntrinsicGoodwill value

22. Consider the following

L Fixed Assets

2. investment

3. Current Assets

4. Loans and Advances

5. Profit and Loss Account

6. Miscellaneous Expenditure

Which one of the following is thecorrect sequence of the above i temsappearing in the asset side ofthe Balance Sheet of a companyas per Schedule vr, P a r t J o f l:heCompanies Act?

a) 1 2 3 4 5 6

b) 2-1-5-3--4-6

c) 2-1-3-5-6--4

d) 1-2-3-4-6--5

P-DTQ--1-DPN/SA

23. Given the following informationrelating to bad debts and provisionfor doubtful debts of a concemduring a period :

Provision for doubtful debts on1.1 .2007-Rs 6,000, Bad debtswritten off. during the currentyear 2 0 0 7 -R s 1,200, Total debtorsas on 31 .12 .2007-Rs 80,000.

provision for doubtful debts to bema d e @ 5

Which one of the following amountsis to be transferred to Profit andLoss Account?

a) Rs 5,200 Dr.

b) Rs 800 Cr.

{c) Rs 2,000 Dr.

d) Rs 800 Dr.

24. For which one of the followingpurposes, the utilization of CapitalRedemption Reserve Account ispennitted?

a) Writing off pa r t of currentyear s losses

b) Writing off miscellaneouseKpenditure like preliminary

expenses

c) Declaring cash dividends

{d) Issuing of fully paid bonusshares

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22.

d) Wfl'lR qfl:'l'iutfll>lf2 fil r t ~ ~

6,000 l o , "ffi'lftllil-.? : ~ 11illl ij lM 1,200 l ;Q,31-12-2007


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25. Given the following information ofsubscription for a period

Subscr ip t ion received d u n n g theyear 2 0 0 7 R s 12,000

Subscription received in advanceas on 1 . 1 . 2 0 0 7 -R s 1,500

Subscr ip t ion outstanding ason . 1 . 2 0 0 7 - Rs 500

Subscr ip t ion outstanding ason 31. 12.2007-Rs 700

Subscr ip t ion received in advancea s on 31 .12 .2007-Rs 2,500

Which o n e of the following is the

amount of subscr ip t ion to b ecredited to Income and ExpenditureAccount?

a) Rs 14,200

b) Rs 10,700

c) Rs l 1,200

d) Rs 9,100

26 . X, Y and Z are partners in the ratio of3 : : l . K a new partner, isadmi t ted for one-fourth share .Which o f the following s ta tementsin this regard are correct?

L K and Y will get equal amount

of profi t .2. Z will have to bear the lowest

amoun t of loss.

3. h ~ ratio among X Y and Zwill not change.

P-DTQ- .1-DPN{SA

Select the correc t answer using thcode given below :

Code:

a) I , 2 and 3

b) l and 2 only

c) 1 an d 3 Only

d) 2 and 3 only

27. A and Ba r e par tners shar ing profits

in the ratio o f 3 : 2. C is admi t tedwith one-th i rd share in the profits.

Which one of the following is th

new profit-sharing ratio of thepar tners?

0) 3 : 2 : 3

b) ' 4 : 3

of ' 4 : 5

d) ' 2 : 5

28 . A and Ba r e par tners shar ing profitsin the ratio of 5 : 3. C is admitted.The new profi t-sharing ratio amongA, B and C is agreed a t 3 : 2 1There was a General Reserve ofRs 18,000 before C's admission.The General Reserve wi l bdis t r ibu ted

a) among A, B a n d C in the ra t ioo f 3 : 2 : 1

b) among A, B a n d C equally

c) between A and B in the ratioof 5 3

d) a s per sacrificing ratio

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25. 1.\;o

31 12-2007 1'lfl 1m < it

2. z ~ f . P l i t uftr 'li'l m3. X, Y G l ' T Z ~ ' W I ~ i i ; ~

"'""'P-DTQ- ' '-DPN/SA

a) I , 2 ~ 3

bJ ~ 1 3 f u - 2

c) l 3l R3

d) ~ 2 ~ 3

27 . A < 1 m B ~0[) 3 : 2 -i\; il; 'Wft ~ 1 c 'lit on'll ~ ll:'li-fufflmt1 il; few: iif;>n 1F111 f.1qfo1f m ~ ?

a) A , B a m c i t 3 : 2 : 1 t ~ i

b) A, Bam c il; iffi


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29 Consider the following items ofliability side of Balance Sheet of acompany under the head Reservea n d Surplus

L Securities Premium Account

2. Sinking Fund3. Capital Reserve

4. Capital Redemption Reserve

Which one of the foHowing is thecorrect sequence of appearance ofthe above i tems in the BalanceSheet?

a) 1-3-2-4

b) 3-4-2-1

c) 1-3-4-2

d) 3-4-1-2

3 0 Which one of the following accountsis neutralized in the event of issueof fully paid bonus shares by a

company?

a) Capital Reserve Account

b) BonusAccount

Shareholden

c) Share Capital Account

d) General Reserve Account

3 1 Which of the following is /are actuallyforfeited in case of share forfeiture?

1 Money already paid

2. Share certificate

3. Share capital

P DTQ J DPN/5A 16

32.

Select the correct answer using thecode given below

Code:

o) 1 only

b 1

='2 only

c) ' =' 3 onlyd) 1 2 a n d 3The following J o u ma l Entry appears

in the books of F Ltd.Dr. Cr.

Bank Account 6 ,000Loss on Issue of

Debenture Account )0 ,000To 8 Debenture Acc >unt

Premium on Redemptionof Debenture Account

1,00,000

6,000

At which one of the followingdiscounted rates have thedebentures been i ssued?

{a) 10

{b) 4

c) 6

d) 1042

3 3 A company offers to i ts sha:reholdei Sthe right to buy one share of Rs 100at Rs ISO for every three shares ofRs 100 each held. The market valueof each share is Rs 200. Which oneo f the following is the value of theright for one share?

a) Rs 1250

{b) Rs 1000

c) Rs 1200

d) Rs 1150

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2 9 1:%" it W'f= -'lli it -qey il;:;mfu'ij f. fu ;mr itP i " ' 1 R 1 ~ < : 1'l'il ' \ fI'll ~ ~ )96,000

10,000

1,00,000

6,000

f.lqfMtlct if il ~ ~ i f FG< ' \'fiT f.trfl:r-1m Tl


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34 Ltd issued 10000, 12

debentures ofRs 100 each at Rs 94on 1.1.2003 under the tenn

that { th of the debentures areredeemable annually by drawings.

Which one of the following is theamount of discount to be written offat the end of the year 2003?

a) Rs 20,000

b) Rs 40,000

c) Rs 56,000

d) Cannot be computed

3 5 X Ltd. forfeited 20 shares of Rs 10

each on which Rs 5 per share werepaid up. The company i s sued t h e seshares @ Rs 8 as fully paid up.Which one of the following is theamount transferred to CapitalReserve Account?

a} Rs 40

b) Rs 60

c) Rs 20

{d)s

100

3 6 YZ Ltd. forfeited 5 sh;rres of Rs 10each issued a t 10 premium toMr. Z (Rs 9 called up) on which hehad pald application and allotmentmoney (including premium) of Rs 2and Rs 3 per share respectively.Which one of the following is theamount transferred to ShareForfeiture Account?

a) Rs to

b) Rs 20

c) Rs 45

d) Rs 50

P-DTQ--J-DPN/SA

3 7 Which one of the following situationsis correct when creditors velocity orcreditors turnover is higher ascompared to debtors velocity?

a) Improve hquidity

b) Reduce liqmdity

c) Higher velocity of gross asse tsblock

d) o impact on 1iquid1ty

3 8 Which of the following transactionswill improve acid-test ratio?

1. Bills payable dishonoured

2. Cash collected from customers

3. Issue of convertible debentures

Select the correct answer using thecode given below :

Code

a} t 2 and 3

b) 2 only

{c) 3 only

d) 1 and 3 only

39 G1ven, Sundry debtors -Rs 15,000,Bills receivables-Rs 12,500,Cash a t b a n k - R s 17,500, S t o c kRs 15,000, Prof i t -Rs 20,000,Creditors-Rs 25,000, Billspayables -Rs ts ,ooo and Sa.Jes-Rs 1,00,000. Which one of thefollowing is the acid-test ratio?

' ' 1 5 :

b) 1125: 1

c) 1 5

d) t -125

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34. fMGM -;J 1-1-2003 ; i t 100 ;-o ~10000, 12 94 "1;o "R ~- m - i t i m . . ~ ~ f ' t ; ~ ~

Jl"1W'l1 am >rtM>l ~ I f . 1 A f ? l f & ~i:\ it~ - 1 : f l'1,ll:R

"'"o) 1, 2 3l'tl: 3

M_,

c)_,

d) ~ 1 ~ 3

39. furr t-

-Pcrfuu 15,000 1;o, ) 1'21 ~12,500 Oo, h il 17,500 l;o,tif9i 15,000 'Oo,


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40 . Given below are some of the itemso f Prolit and Loss AccDunt of

X Company Ltd :

Sa\es-Rs 1,60,000, Closings t o c k ~ s38,000, Non-operating

expenses--Rs 800, Non-operatingincorne--Rs 4 ,8 0 0 and Netprofi t -Rs 28,000

Which one of the following is theoperat ing profit ratio?

{a) 18%

{b) 20

c} 15%

d) 57

41. As per the ICAI guidelines, forminimum how many years a nauditor should maintain recordsrelating to audi t and other worksdone;>

o) One year

b) Five years

c) Seven years

d) Ten years

42. An mcrease in Share PremiumAccount is

{o.) an application of fund

b) a source of fund

c) no flow of fund

d) None of the above

P-DTQ-J-DPN/SA

43. f due to some circumstances, noappointment of a new auditor oreappointment of the old audi torh a s been made in the annua lgeneral meeting of a company, then

'a) old auditor will cont inue to~ k

bJ Board of Directors will appointthe n 'w auditor

c) Managing Director can appointthe auditor

d) auditor may be appointed bythe Central Govemment

44. Match List-l with List-11 and select

the correct answer using the codegiven below the Lists

ist I

Type of Fraud) .A. Suppression

of receipts

B. Inflating

payments

C. Suppressionof profits

D. Inflatingprofits

C o d e :

a) A

2

~ A

'c/ A'

dj A

2

B

'

'l

B

l

List IJ

Example)

L Making paymentsagainst fictitiousV


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- 4 0 Po1fi1U~ FrN 11-N-im.-toRI J ~ ~ < f i ~ t :

flrilit 1,60,000 '\io, 1i2'i


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4 5 By which of the following methods i ssecret reserve created?

1. Charging capital el


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45 ;tWt ti' il 'il am ~?il.5il ~ l*m 'iffi 1 t?

1. 'f:;ft < IT fiill ( H ~ i J.l I1Ti rn.,;;

2. ~ ~ ~ \ T t ' i im ofit ~ ~

.,,_3. fi'9.R q i t ~ : w t f < < i \' \- 1

4 9 ~ , f.n


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50. Consider the following sta tements :

L The veriftcation of assets ~liabilities ; , primarily 'esponsibility o f

anagement .

2. Auditorh M fo

satisfy ' 'aluation of assets ha b een

correctly made s peraccounting standards andgenerally accepted principles.

Which of the s ta tements gtvenabove i s /a re correct?

a) I only

b) 2 only

c) Both 1 and 2

d) Neither I nor 2

51. Consider the following statements :

L Inventory of by-product shouldb e valued a t lower of cos t a n dnet realizable value.

2. Inventory of reusable wasteshould be valued at rawmateria l cost igrwring thereprocessing cost wherefacilities for reprocessing exist.

Which of the statements givenabove isjare correct?

a) l only

b) 2 only

c) Both l and 2

{d) Neither I nor 2

P-DTQ-J-DPN/SA 24

52 Which of the following i s j a re theadvantageJs of direct confirmationprocedure in auditing?

1. Accurate physical verificationo f assets

2 Ascertaining accurate balanceso f debtors, loans and advances

3. Controlling of unnecessaryel


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54. Which one of the following does n o t

fa \ unde r aud i t planning IAAs---8)?

a) Developingprogramme '' audi t

{bJ Development of overall plan

c) Knowledge of the client'sbusiness

d) Performance of the peer firms

55. Consider the following s teps in thepreparat ion of an audi t programme :

1. To ascertain the na ture andscope of audi t and itsobjectives

2. To obta in different records,viz., articles and memorandumof associat ions, agreementdeeds, prospectus and otherdocuments

3_ To evaluate the systems ofkeeping accounts and internalcheck a n d internal controlsystem in operat ion

4. To obta in detailed list of books

of accounts and ist ofpersonnel responsible fordifferent jobs

P-DTQ-- J-DPN/5A 26

Which one of the following is thecorrect sequence of steps involvedm the preparation of an audi tprogramme?

a} 1-2-3-4

b) 3-4-2-1

{c) 4 3 2 l

d) 1-3-2-4

5 6 Match Ust-1 with List-IT a n d selectthe correct answer using the code

given below the Lists:

Li s t -

Tool)

A. Test checking

Lis t -H

Nat11-re o Fu.nctinnJ

1. Physicalverification

B. Cash counting 2. Internal control

C. Division of 3. Overalll abour assessment

D. Trend analysis 4. Selectiveverification

Code:

a} A

b) A

3

cJ A

{d) A

8

B

B

2

8

c

c2

c

c2

D

D

03

0

3

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5 4 f-1f 8


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57. Which one of the following ismaintained by the auditor to recordall matters of )Jlaterial importancewhich may require discussion with

the client and are generally used ill.the preparation of his audit report?

a) Auditor s handbook

b) Audit file

c) Auditor s diary

d) Audit notebook

58. Consider the following functions ofpurchase department :

I Preparation of purchase order

2. Preparation of approved vendorlist

3. Invitationquotation

of competitive

4. Preparation of debit notes formaterials returned

Which one of the following is thecorrect sequence in which anauditor verifies the abovefunctions?

a) 1-2-3-4

M 2- l -3 -4

c) 2 3 4 1

d) 2-3-1-4

59. I f a situation calls for pooling theauthority of two or more managers,it is referred to as

a) Splintered authority

b) Centralized authority

c) Decentralized authority

d) Recentralized authority

P-DTQ--- 1-DPN/SA

6 0 . As per AAs-15, which of thefollowing should be considered byan auditor while determining thesample size?

1. Sampling risk

2. Market risk

3. Expected error

4. Tolerable error


Code:

a) , 2 3 and 4

b) 2 and 3 only

{c) 1 3 and 4 only

{d) 1 and 2 only

61. In .which one of the followingmeetings, the auditor of a companyh as the right to attend?

a) Every general meeting of theshareholders

b) Only tl>.ose meetings whereaccounts are being discussed

c) Only annual general meetingsof the company

d) Only those annual generalmeetings in which the Board ofDirectors wish to invite him

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57. Pt&1fuiait 'lil: -m ~ 8


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152 When an aud1tor certifies a financialstatement which one of thefollowing does it imply?

a} The contents of the statement

can be measured and theauditor has vouched andverified the exactness of thedam

b) The auditor can only have anoverall view of the acC >untsthrough normal auditprocedure

c) In his opinion the financialstatements exhibit a true andfair view of the affairs of theorganization under audit

d) The opinion of the auditor onthe fmancial s ta tements maybe unqualified

6 3 ho among the following can fill acasual vacancy caused m acompany by way of resignation ofthe auditor?

a} Board of Directors

b) Shareholders through generalmeeting

c) Central Government

d) ComptrollerGeneral

P-DTQ--J-DPN/5A

~ Auditor

.

154 Within which one of the followmgtime periods the first auditor

of a newly incorporated companyshould be appointed?

a) One week

b) Three weeks

(c) One month

{d) Two months

65. How would the auditors approve thetreatment of l lump s u m amount

by way of .-epairs to a machinerydamaged in the course of itsshilling to a new site?

a) As revenue e o ~ p e n d i t u r e

b) As capital expenditure

{c) As deferred revenuee o ~ p e n d i t u r e

d) None of the above

66. Which one of the following may bethe opinion of an auditor where hefails to obtain sufficient informationto warrant an expression ofopinion?

a.) Qualified opinion

b) Adverse or negative opinion

{c) Disclaimer of opinion

d) Piecemeal opinion

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67. Consider the following statementsl Management audit is

statutorily compulsory.

_ Management auditor canbe appointed either by Boardof Directors or by theshareholders.

Which of the statements givenabove is jare correct?

a} only

{b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

68. Which one of the following is knownas a systematic examination oforganizational structure of aconcern its plans objectivesmeans of operation and the use ofphysical facilihes and theirconstructive and comprehensiveappraisal?

a) System audit

b) Management audit

c) Statutory audJt

d) Procedural audit

69. Which one of the following functionsis concerned with synchronizingand unifying the actions of a groupof people in an organization?

a) Direct ing

b) Controlling

c} Coordinating

d) Staffing

P-DTQ--J-DPN/5A 3 2

7 ). With which one of the following isfor


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67. f - i l " l l f i f < l l ~ 'ql: fW'It \2

68 ~ "ffi:>n


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72. Match List- with List-ll and selectthe correct answer using the codegiven below the Lists

List /

Document)

A Bill of lading

B Consularinvoice

C. Packing slips

C o d e :

~ A

3

~ ) A

c) A

d) A3

B

B

B

3

B

List H

Use)

1. To certify theorigin of goods

2. To transportcargo by ship

3. To informabout thecontents of thepackage

c

c3

c

c

73. Consider tho following statements

Mutual funds help the investor insecuring

1. diversification of risk

2. steady appreciation

Which of the statements givenabove is /are correct?

a} 1 only

b) 2 only

c) Both 1 and 2

d) Neither I nor 2

P-DTQ-J-DPN/5A

74. In marine insurance, a partial loss istechnically called as

a) Warranties

b) Particular average

c) Total loss

d) Liabilities

75. An auditor is to be appointed by aspecial resolution

a) where 25 or mon: of thesubscribed capital is held,singly or jointly, by a PublicFinancial Institution

b) where 25 or more of thesubscribed capital is held byCentral or State Government

(c where 25 or mon: of thesubscribed capital is held byother instihltion established byany Provincial or State Actin which State holds 51subscribed capital

d) in all of the above situations

76. Which one of the followingmanagement thinkers argued mfavour of separating planning fromoperation?

a) Henri Fayol

b) Luther Gulick

c) L F. Urwick

d) F. W Taylor

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72. ll:'fl-1 "i ~ - H it :i\t-ij, ~ ~ '1'1.\'[< ~ ~

3ffi; ~ :

"''o) A B' 'A B2 'c) A B2 3

d) A B

' 2

L "Ill


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77. The balance brought out betweeneconomic and social models ofdecision-making as advanced byHerbert A Simon is called

a} Rational model

{b} Satisfying model

c) Irrational model

d} Satisficing model

78. For calculating which one of the

following is Dr. Aykroyd's formulaapplied?

a} Living wage

b} Fair wage

c) Real and nominal wage

d) Need-based mmunum wage

79. Who among the following hasobserved that bureaucratic staffincreases in inverse proportion tothe amount of work done?

a) Laurence J . Peter

{b) Peter F. Drucker

c) Warren G. Bennis

d) N o r t h c o t ~Parkinson

,.

80. Under which one of the followingconditions does false positivestaffing error occur?

a) Selection wellperformance scores are high

{b) Selection scores are low andperformance scores are high

{c). Selection scores are high andperformance scores are low

d) Both selection a n d per-fonnance scores are low

81. Match List- with List-11 and selectthe correct answer using the codegiven below the Lists :

List-1 List II(Selection Step ObjectiiJC}

A Reference L Swift evaluation ochecks candidate

B. Preliminary 2. Evaluation ofinterview candidate

including measur-ing mannerismsvocabularytemperament etc.

C. Selection test Check authenticityprovided inapplication blanks

D. Comprehensive 4. Measuring JQ ofinterview the candidate

Code:

o} A B c D2

M A B c D4

c) A B c D2 4

~ A B c D4

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77. u;o 1 m :


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8 2 Consider the following stages ofplanned change

I Moving

2. Refreezing

3. Unfreezing

Which one of the following is thecorrect sequence of the aboveaccording to Kurt Lewin?

a} 1-2-3

b) 2-3-1

c) 3-1 -2

{d) 1-3-2

8 3 Match List-1 with List-11 and selectthe correct answer using the codegiven below the Lists

List-

Contributor)

A. Robert Blakeand Ja neMouton

B.W.

J. Reddin

C Rensis Likert

D Vroom andYetton

Code :

{a) A

b) A

r.;} A

d) A

B

B

B

P-DTQ-1-DPN/SA

List-II

Leadership Style}

1. Four-systemmodel

2. Normativemodel

3. Managerial grid

4. The 3-D theory

c

c

c

D

D

D

38

84 Which one of the fol owing is no t adimension of the managerial gridtheory of leadership?

a} Country club management

b) Impoverished management

c) Team management

d) Entrepreneurship management

85. Which one of the following is thecorrect sequence with regard tocommunication process?

{a} Sender-Message-EncodingReceiver--channel-Decoding

Feedback

b) Message--Sender-EncodingReceiver-Channel-Decoding

Feedbac:k

c) Encoding-Message-Sender

D=oding-Feedback-ReceiverChannel

d) Sender-Message-EncodingChannel-Receiver-Decoding

Feed bad'.ontal communication

d) Cyclic or circular communication

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82 > i h ~ l ~ 4 : 'ij; f . 1 ' 1 ~ f u i dR'Jit 'R--,L2. :pt ~ ~ q:;J f 4 ' 1 ~ f u l d1t it ifiT;I-m~ ~ t?' ' 1-2-3M 2-3-1

c) 3-1-2

d) l -3-2

8 3 . ~ - 1 Ofil ~ I I t 3fu:~ ' ~ ;~ ~ Tf'1:'F q:;J 1l'i'M ' ~: n R ~ :

.,._,~ - I I

(>1''11GH


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8 7 Match List- With List-11 and selectthe correct answer using the codegiven below the Lists :

List- List-11{Theory o f C o n t r i b u t e ~ }

Motiuation}

A X, Y theocy L Frederick Herzberg

B Expectancy J . Stacey Adams

' ~ 'c Two-factor 3. Douglas McGregor

theory

D. Equity theocy 4. Victor Vroom

C


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91. f . I 1 4 ~ 1 " G o~ it


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9 7 Match List- with List-11 and selectthe correct answer using the codegiven below the Lists :

A.

B.

c

D.

List-(Contributor)

Mruy ParkerFollett

Henri Fayol

Elton Mayo

F. W. Taylor

Code:

' ' A

" A

' A

d) A

B

B

B

B

L

List-II(Management

Thought/Theory

Human relations

Integration theory

Scientific management

14 principles of

management

c D

c D

c D

c D

9 8 Identify the correct sequence of thefollowing with regard to delegationof authority :

l Creation of obligation

2. Authorization of actions

3. Determination of expected>esults

4. Assignment of duties

P-DTQ-.J-DPN/5A


Code

a) 3-2 -4 -1

b) 1-2 -4 -3

c) 1-4-2-3

d) 3 - 4 - 2 - l

99. Consider the following statementswith regard to management byobjectives

1. Overall objectives are se t atthe top Or the organizational

hierarchy.2. Individual objectives coincide

with the objectives of theorganization.

3. Performances of employees are

evaluated periodically.

Which of the statements givenabove is /are correct?

a) I, 2 and 3

b) 2 and 3 only

c) 1 a n d 3 only

d) l only

1 0 0 A private company having beenaltered into a public company mustfile a prospectus or statement inheu of prospectus to the Registrarwithin a period of

a} 30 days

b) 21 days

c) 15 days

d) 7 days

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1 0 1 Which one of the following issignified by the Moosa Goolam riffv. Ebrahim Goolam r iff case?

a) The certificate of incorporation

is a conclusive proof of validity

b) The certificate of incorporationis for the commencement of thebusiness

c) The certificate of incorporationplaces limit on the working ofthe Directors

d) Company can be revived afterdissolution

102 Information Memorandum, as perSection 60 {B of the Companies

Act 1956 is related to

a) the Director s responsibilitystatement

b) corporate governance

c) initial publicoffering

d/ accountingto financecompanies

P....DTQ 1 DPN/SA

standard relatingand investment

.

1 0 3 Statutory Report

a) shall be prepared by Board ofDirectors and forv.oarded21 days before the statutorymeeting

b) shall be prepared by theSecretary and forv.oarded21 days before the statutorymeeting

c) can be prepared by anyoneand there is no time periodprescribed

d) shall be prepared by theauditor and forwarded 30 days

before the statutory meeting

1 0 4 Which one of the following is thepenalty imposed under theCompanies Act for contravening theprovisions relating to acquisitionand transfer of shares?

a) Imprisonment for a termextending to three years orwith fine which may extend torupees fifty thousand or both

b) Imprisonment for a termextending to six years or withfme which may extend torupees ten thousand or both

c) Imprisonment for a termextending to one year r withfine which may extend torupees five thousand or both

d) Imprisonment for a termextending to five years or withfine which may extend torupees twenty-five thousand orboth

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1 0 1 ' @ I ~-mft< ; iiFWf"iiiUfu>l J< IT f;;:nft' i:it f.lqf2ifuH B it ~ m'tf~

' tl

c} f.1'rrtRtfu l$"1 ami l ~ i d ( l' ~ '~ $ ~ . 'f>l'l'ft ~ ' ~ .f.lqfMfuldit it


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11 0 Under Section 292 A of theCompanies Act, 1956, in whichamong the following types ofcompanies is constitution of anaudit committee compulsory?

very public company having apaid-up capital of not less than

a} rupees one crore

b) rupees two crares

c) rupees five crores

d) rupees ten crores

111 In which one of the following wayscan the Secretary of a company beremoved from his office?

a) By a resolution passed m themeeting of the Board ofDirect Drs

b) By an mder of the Registrar ofthe Companies

c) By a resolution passed inannual general meeting

d) Byaspec ia lorderof theSEBI

11 2 In which Dne of the following theoriesis it assumed that the psychologicalforces shaping peoples behaviourare largely unconscious, and that aperson cannot understand his orher own motivations?

a) Maslow's theory

b) Herzberg s theory

c) Freud s theory

d} McGregor s theory of X and Y

P-DTQ-J-DPN/SA .

11 3 Consider the following statements

Matrix organization is

I most suitable when a projectof a temporal nature is to beexecuted

2. mostly seen in R D andengineering organizations

Which of the statements givenabove isfare correct?

a) 1 only

b) 2 only

{c) Both 1 a nd 2

d) Neither I nor 2

114. Who among the following hasadvanced Transactional Analysisas an explanation of interpersonalcommunication strategy?

a} Thomas A. Harris

b) Eric Frank

c) Muriel James

d) Eric Berne

115. Under Section 233 A of theCompanies Act, 1956, in which oneof the following conditions specialaudits of a company s accountsmay be ordered?

a} The fmancial position of thecompany IS such as toendanger its solvency

b) The company is violating itsarticles of association

o) The mernomndum ofassociation is under dispute

d) The company has notappended its memorandum ofexplanation with the BalanceSheet

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110. ~ . 1956 J'1'I'til il@q(l ill ltrfii \

{a} ll,< ) ~ m i t' fill "'l"ttt

{b) i t ~ it ""' 'It t

{c) ~ ~ m it < )"I 'It ttd r(l tfRTTJ < 1 < 1 ~ 1 i l' it i f i ' {fffi"t1 il\i


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'.f l 1 0 1 f o 1 R \ c t ~(5) mtrit i ) 'fid ~,l 'l:'f


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commerce mock test 2

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