FYB.COM SEM-II ATKT

SAMPLE MCQ

ACCOUNTANCY & FINANCIAL MANAGEMENT

1. In Branch Accounting, depreciation on branch fixed assets is________

a. Not shown in Branch Account

b. Shown in Branch Account

c. Debited to Fixed Asset Account

d. Credited to Debtors Account

2. When losses are incurred in the normal course, they are borne by________

a. Consignor

b. Consignee

c. Customer

d. Consignor & Consignee

3. . To whom the goods are sent for sale is called_________

a. Consignee

b. Consignor

c. Customer

d. Seller

4. Discount allowed to customers is recorded in__________

a. Branch Debtors A/c

b. Branch Stock A/c

c. Branch Adjustment A/c

d. Branch P & L A/c

5. A Pro-forma invoice is sent by___________

a. Consignor to consignee

b. Consignee to consignor

c. Consignee to buyer

d. Consignor to buyer

6. Under stock debtors system Branch Adjustment Account shows________

a. Net profit

b. Gross profit

c. Branch stock

d. Branch Debtors

7. Expenses paid by Branch are recorded under_________

a. Branch Debtors Account

b. Branch Stock Account

c. Branch Expenses Account

d. Branch Adjustment Account

8. Credit purchases can be ascertained from_________

a. Creditors Account

b. Debtors Account

c. Cash Account

d. Bills Receivable Account

9. When Rent is paid by cash, two accounts which will be affected are________

a. Cash and P& L Account

b. Cash and Trading Account

c. Debtors and Trading Account

d. Creditors and P & L Account

10. Balance of consignment account indicates _______

a. Profit and Loss

b. Goods sent to Consignor

c. Balance of goods with Consignor

d. Commission

11. Under the ‘Debtor’ method, closing balance in goods sent to branch account______

a. Amount due from the Branch

b. Closing stock at the Branch

c. Profit or loss at the Branch

d. Income or Expenses

12. Stock Reserve in relation to closing stock appears on the________

a. Debit side of Branch A/c

b. Credit side of Branch A/c

c. Debit side of P&L A/c

d. Credit side of P&L A/c

13. Credit sales are ascertained from_______

a. Cash Account

b. Total creditors account

c. Total Debtors Account

d. Bills receivable account

14. Closing balance of creditors can be ascertained from__________

a. Total Creditors Account

b. Balance Sheet

c. Bills Receivable Account

d. Bills Payable Account

15. If profit on cost is 25%, then profit on sales will be_________

a. 25%

b. 20%

c. 30%

d. 33.33%

16. Loss by theft is_________

a. Normal loss

b. Abnormal loss

c. Consignee’s loss

d. Customer’s Loss

17. Goods saved from fire are called as_____

a. Abnormal goods

b. Normal goods

c. Salvage

d. Claim

18. Stock for the purpose of claim should be______

a. At marginal cost

b. At market value

c. At realisable value

d. At cost

19. Average clause is applicable when there is_______

a. Under insurance

b. Over insurance

c. Life insurance

d. General insurance

20. Goods which are slow moving are called as________

a. Normal goods

b. Salvage

c. Claim

d. Abnormal goods

21. If gross profit is 20% on cost, then it is _______ on sales.

a. 25%

b. 50%

c. 1/6th

d. 1/5th

22. Bills payable dishonoured are debited to _________ account.

a. Bills receivable

b. Bills payable

c. Sundry debtors

d. Sundry creditors

23. As per average clause insurance company pays compensation_______

a. Proportionately

b. More than the loss

c. Less than the loss

d. Equal to loss

24. Consignor- consignee relationship is_________

a. Employer-employee relationship

b. Principal -agent relationship

c. Master- servant relationship

d. Owner-tenant relationship

25. Branch account under debtor system is a_________

a. Nominal account

b. Real account

c. Personal account

d. Capital account

Semester-2

ENVIRONMENTAL STUDIES

1) Any substance solid, liquid or gaseous for which no use can be found by the organism or

system that produces it and for which a method of disposal must be devised is called ______.

a) Waste material

b) Disposable material

c) Recyclable material

d) Reusable material.

2) Pollution from solid waste leads to ------

a) Decrease in pollution

b) Decrease in soil erosion

c) Loss of biodiversity

d) Increasing biodiversity

3) The reduction or destruction of the lands biological potential, finally resulting in the

appearance of desert conditions is called as ------

a) Degradation

b) Desertification

c) Deforestation

d) Deterioration

4) _____ is not a cause of Air pollution

a) Automobiles

b) Burning of fossil fuels

c) Deforestation

d) Reforestation

5) Electronic waste does not include______ in it.

a) Lead

b) Cadmium

c) Mercury

d) Calcium

6) _____ is caused due to lack of Vitamin D

a) Beri-beri

b) Kwashiorkar

c) Rickets

d) Marasmus

7) A traveler who visits Golden temple, Amritsar for tourism is a ____tourist.

a) Religious

b) Eco

c) Adventure

d) Nature

8) Corbett National Park is located in ----

a) Madhya Pradesh

b) Uttar Pradesh

c) Gujarat

d) Rajasthan

9) Effective waste management concept is based on _____ important principles.

a) 5

b) 8

c) 7

d) 4

10) Agro tourism includes visits to ----

a) Rural areas

b) Urban areas

c) Suburban areas

d) Metro cities

11) The objectives of Wildlife Protection Act 1972 is ______.

a) To preserve biodiversity

b) To reduce biodiversity

c) To degrade forests

d) Deforestation

12) Waste is classified into ___ different types on basis of moisture.

a) 3

b) 4

c) 2

d) 5

13) The collection, transport, processing, recycling, or disposal of waste is ______

a) Waste distribution

b) Waste segregation

c) Waste characterization

d) Waste management

14) Bangalore is called as ______city.

a) Garden

b) Orange

c) Blue

d) Bright

15) The term Acid Rain was first coined in the year ----

a) 1882

b) 1892

c) 1872

d) 1852

16) Green Business incorporates the principle of _____.

a) Profit minimization

b) Profit maximization

c) Sustainability

d) Social commitment

17) PVC stands for -------

a) Poly Vinyl Chromium

b) Poly Vinyl Chloride

c) Polyethylene Vinyl Chloride

d) Polythene vinyl chloride

18) _____ is not a cause of hunger.

a) Harvest failure

b) Better crop yield

c) High cost of inputs

d) Commercialization of agriculture

19) What are the Do's of ecotourism out of the following?

a) Observe the sanctity of holy sites

b) Take away flora

c) Non-biodegradable objects must be used

d) Use pollutants

20) Environmental Protection Act was enacted in the year ____.

a) 1994

b) 1986

c) 1989

d) 1998

21) One carbon Credit is equivalent to ______.

a) 100 tons of carbon reduction

b) 10 tons of carbon reduction

c) 1 ton of carbon reduction

d) 1/2 ton of carbon reduction

22) ______is the art of acquiring information about the object, area or phenomena without any

physical contact with it.

a) Remote Sensing

b) Remote System

c) Geographical Positioning System

d) Environment Assessment

23) ISO stands for ______

a) International Organisation for Standardisation

b) International Standard Organization

c) Interstate Organization for Standardisation

d) Interstate Standardisation Organization

24) ISO- 16000 standards deal with ______.

a) Indoor air pollution

b) Environmental management

c) Risk management

d) Population management

25) The Chipko movement has the major objective of ______.

a) Water conservation

b) Population management

c) Waste disposal

d) Tree conservation

MATHEMATICAL & STATISTICAL TECHNIQUES SEM II

1) Which is an example of a linear function.

a) y=ƒ(x)= x2

b) y= ƒ(x) = 2x+5

c) y=ƒ(x)= 100x2

d) y=ƒ(x)= 3x4

2) The difference between the total revenue and the total cost is called

a) Logarithm function

b) Profit function

c) Exponential function

d) Demand function

3) If y=x5/2, then 𝒅𝒚

𝒅𝒙 =

a) n xn-1

b) 0

c) (5/2) x 3/2

d) 10

4) If y = x6 + 4 ex + log x + 10 , then 𝒅𝒚

𝒅𝒙

a) 6x5 + 4 ex + 1/x

b) ex [ x 2 + 2x ]

c) 0

d) - 1/x

5) If ƒ(x) = x3 - 3x2 - 45x + 25 , then ƒ (x) has maximum at x =

a) 5

b) 3

c) -3

6) What is the compound amount if Rs. 1000 is invested for 10 years at

8% and the interest is compounded annually.

a) 2158.9

b)1000

c) 4000

d) 5000 .

7) If the duration of the annuity depends on an event taking place. An

example, the payments are to be done till a person is alive, like, pension,

life insurance policies for children (maturing on the child turning 18 years)

etc. then it is

a) Certain Annuity

b) term of annuity

c) Perpetual Annuity

d) Contingent Annuity.

8) A company sets aside a sum of Rs. 15,000 annually to enable it to pay off a

debenture issue of Rs. 1,80,000 at the end of 10 years. Assuming that the sum

accumulates at 6% p.a., what is the surplus after paying off the debenture

stock.

a) 1,97,700

b) 5,97,700

c) 17712.

d) 1,56,678

9) What is the compound amount if 1200 invested for 5 years at 5% if the

interest is compounded Quarterly

a) A = Rs. 1538.4

b) A = Rs. 1499.5

c) A = Rs. 1906.5

d) A = Rs. 1806 .8

10) what is the principal which will amount to Rs. 11,236 in 2 years at 6%

compound interest compounded annually.

a) 70,000.

b) 30,000.

c) 10,000.

d) 90,000.

11) When the relationship between the variables X and Y is such that increase

or decrease in X brings out the decrease or increase in Y, i.e. there is an

inverse relation between X and Y, the correlation is said to be

a) Positive correlation

b) Negative correlation

c) neutral

d) semi positive

12) If the graph of the values of X and Y show band of points from upper left

corner to the lower right corner then correlation between X and Y is called

a) perfect positive correlation

b) perfect negative correlation

c) Imperfect positive correlation

d) Imperfect negative correlation.

13) When -1 < r < 0 it is

a) perfect positive correlation

b) perfect negative correlation

c) Imperfect positive correlation

d) Imperfect negative correlation.

14) When Y depends on X the regression equation is

a) ( y+ �̅� ) = byx (x + �̅� )

b) ( y- �̅� ) = byx (x + �̅� )

c)( y + �̅� ) = byx (x- �̅� )

d)( y- �̅� ) = byx (x- �̅� )

15) The regression coefficients bxy from standard deviations σx , σy

and correlation coefficient ‘r‘ is given by

a) bxy = σx + σy

b) bxy = r σx

σy

c) bxy = r σx + σy

d) bxy = r σx - σy

16) Least square method is not used to compute

a) Secular trend

b) Nonlinear trend

c) Cyclical variation

d) Linear trend.

17) Moving averages method is used to compute

a) Seasonal variation

b) Irregular variation

c) Cyclical variation

d) Nonlinear trend

18)The following changes in a time series are due to general tendency of data

to increase or to decrease w.r.t. time.

a) Random Variations

b) Secular Trend

c) Cyclical Variations

d) Seasonal Variations

19) If prices P1 , P0 and quantity q1 are known the following index number

can be calculated.

a) Laspeyre’s Index number

b) Paasche’s index number

c) Fisher’s index number

d) Price index number.

20) The straight line is fitted to the time series when the movements in the

time series are

a) Nonlinear

b) Linear

c) Irregular

d) Upward

21)Which one of these variables is a binomial random variable?

a) time it takes for randomly selected student to complete a multiple choice exam

b) number of textbooks a randomly selected student bought this term

c) number of women taller than 68 inches in a random sample of 5 women

d) number of CDs a randomly selected person owns

22) The expected value of a random variable is the

a) value that has the highest probability of occurring.

b) mean value over an infinite number of observations of the variable.

c) largest value that will ever occur.

d) most common value over an infinite number of observations of the variable

23) Which of the following statements is not correct concerning the

probability distribution of a continuous random variable?

a) the total area represented under the curve will equal 1

b) the area under the curve between points a and b represents the probability

that X = a

c) the area under the curve represents the sum of probabilities for all possible

outcomes

d) the range of the random variable is found on the x-axis

24) 12 It is known that 20% of all vehicles parked on campus during the

week do not have the required parking disk. A random sample of 10

cars is observed one Monday morning and X is the number in the

sample that do not have the required parking disk. We can assume here

that the probability distribution of X is

a) Binomial

b) Normal

c) Poisson

d) Exponential

25) The standard normal curve is symmetric about the value ___________

a) 0.5

b) 1

c) ∞

d) 0