Scholarship Test (CLASS – 11) (COMMERCE) (10.04.2022)

Which of the following is the purpose of accounting information system?

Which of the following is not a limitation of Computerized Accounting System?

In a computer, paper orientation is changed through:

In a computer Spreadsheet, absolute cell reference can be represented as:

M/S future ltd has invested Rs. 10,ooo in the shares of Relicam Industries ltd. Current market value of these share is Rs. 10,500. Accountant of future Ltd. Want to show Rs.10,500 as value of investment in the books of accounts, which accounting convention Restricts Him from doing so:

The owner of the firm Records his medical expenses in the firms’ income statement. Indicate the principle that is violated.

Which of the following statement is correct:

The cost of a small calculator is accounted as an expense and not shown as an assets in a financial statements of a business entity due to

If Cash book is prepared then there is no need to prepare the _________ .

The entry which affects cash and bank column of a triple column cash – book is known as:

What statement is used while closing a Drawing Account-

Which of the following transaction would have no impact on stakeholder equity?

According to the Rules of debit and credit for balance sheet accounts?

The process of transferring the debit and credit items from a journal to their respective account in the ledger is termed as?

Which of the following Item is not included in the cash account.

The long term assets that have no physical existence but are rights that have value is known as

A and B share profit and losses in the ratio of 3:2.with effect from 1st Jan.2021, they agreed to share profits equally, Sacrificing and gaining ratio will be?

A, Band Care three partners sharing profits and losses in the ratio of 4 : 3 : 2. D is admitted for 1/10 share, the new ratio will be :

In the Balance Sheet of a company, under the heading share capital, at the last is shown :

Trade Investments appear in a Company’s Balance Sheet under the Sub-head ________.

The business community’s aversion to binding international legal standards governing corporate operations contrasts with its strong advocacy of international law commitments applied to the obligation of governments towards

In India,_________ and _________ are referred to as emerging mode of business.

Use of EDI (Electronic Data Interchange) technology to send and receive commercial document like purchase order etc is an example.

Which of the following are the aspects of TQM efforts?

A person gets his stock worth Rs 50,000 insured for Rs. 70,000.A fire occurs and the whole stock gets damaged. The insurance company admits a claim of Rs. 50,000 only and not Rs. 70,000. Identify the principle of insurance being applied.?

It is a type of saving bank account in which excess of a particular limit gets automatically transferred to a fixed deposit account.

Stages in the formation of a public company are in the following order:

Which one of the following, public sector Undertaking is established by passing a special law under Parliament.

A partner who is not actually involved in the partnership but lends his name for public relations purposes is a:

The structure in which there is separation of ownership and management as per law is called

Following are the characteristics of business risks. One of them is not correct. Please identify it.

Which one of the following may not be a factor behind starting a business?

A small scale service and business enterprise is one whose investment in fixed assets of plant and machinery excluding land and building does not exceed ______

In India, Villages and Small Industries Sector consists of both traditional and modern small industries. This sector has ___________ subgroups. 

The company needs to obtain prior permission from central government when it changes the address of its registered office from

According to Henri Fayol, if this principle of general management is violated, “authority is undermined, discipline is in jeopardy, order disturbed and stability threatened.” Identify the principle.

Which of the following does not explain the impact of government policy changes on business and industry?

_______ the new set of economic reforms that aim at giving greater role to the private sector in the nation building process and a reduced role to the public sector.

The most formal and best definition of marketing is ___________.

________ is the process of classification of products into different groups on the basis of some of its important characteristics.

A characteristics or a phenomenon which is capable of being measured and changes its value overtime is called

The series in which lower limit of the class interval or the upper limit of last class interval is missing.

Series in which frequencies are continuously added corresponding to each class interval in the series

The frequency distribution of two variables is known as

Which one of the following measures is used to validate the consistency of a questionnaire?

 ___________ in Marketing Research Aims to describe a large number of Variables or Questions By using a reduced set of underlying variables.

Slope of budget line or price line is:

For normal goods, Law of Demand states the relationship between price and quantity of goods:

For a change in which of the following, there is no change in demand ?

Who propounded the percentage or proportionate method of measuring elasticity of demand ?

Indifference curves were first introduced by the English economist in 1881 by:

According to total outlay method, the demand of a good is inelastic when:

What is the price elasticity in following example ?

According to Marshall, utility of a commodity:

In which goods, price fall does not make any increase in demand ?

What is the annual statement of the government’s fiscal revenue and fiscal expenditure known?

Which of the following budget is suitable for developing economies?

Which account does not have a direct impact on income, output and employment?

Which of the following is not a component of capital account of BOP?

What is the thing which is generally accepted by everyone as a medium of exchange?