Scholarship Test (CLASS – 12) (COMMERCE) (10.04.2022)

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

The debts, which are to be repaid within a short period (year or less) are 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?

Goodwill of the firm on the basis of 2 years’ purchase of average profit of the last 3 years is Rs. 25,000. Find average profit.

At the time of admission of a new partners general reserve appearing in the old Balance Sheet is transferred to:

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 :

The shares on which there is no any pre-fixed rate of dividend is decided, but the rate of dividend is fluctuating every year according to the availability of profits, such share are called :

The following statements apply to equity/preference shareholders. Which one of them applies only to preference shareholders?

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

According to prescribed order of assets in a Company’s Balance Sheet __________ assets should be shown first of all.

Securities Premium Reserve appears in a Company’s Balance Sheet under :

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

Which of the following transactions will improve the Current Ratio :

Long term solvency ratio is judged by which of the following ratio?

When Opening stock is Rs 50000, closing stock Rs. 60000 and cost of goods sold is Rs.2,20,000 .then the stock turnover ratio is:

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.

Sunny enterprises ltd. manufactures toys. The production department produces more of toys than required and sales department is not able to sell the total production. What quality of management do you think the company is lacking?

A petrol pump needs to be managed as much as a hospital or a school. Which characteristic of management has been highlighted here?

____________ represents the top level management pertaining thinking and planning functions.

Management principles differ from pure science principles because management principles are

Management should find ‘one best way’ to perform a task. Which technique of scientific management is defined in this sentence?

______ principle of management puts emphasis on judicious application of penalties by the management.

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.

According to this principle of general management, “an organisation should safeguard against abuse of managerial power, but at the same time a manager should have the necessary authority to carry out his responsibility.” Name the principle of management being described in the given statement.

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

Privatization of ownership through sale of equity share is called :

_______ 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.

Marketing is the activity, set of ___________ & processes for creating, communicating, delivering & exchanging offerings that have value for customers, clients, partners & society.

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.

_________ concept is based on those companies who believe in this philosophy that quality of goods or services of good standard can easily attract customers.

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

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

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

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 expenditures which do not create assets for the government is called :

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

The amount collected by the government in the form of interest, fees, and dividends is known as ________.

Which of the following budget is suitable for developing economies?

Which transactions are the transactions by the central bank to maintain the disequilibrium in BOP account?

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

Gifts and grands received from abroad are recorded on which side of BOP account?

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?

What is the amount which commercial banks are required to keep with themselves compulsorily?

The main reason for stagnation in the agricultural sector during the British rule was?

Production of large amount of cash crops for the purpose of export, is termed as?

Name the committee formed for the Village and Small-Scale Industries in 1955.

In which two sectors, protection from foreign competition helped development of indigenous industries?

What is the name of the book written by J.M. Keynes?

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

The frequency distribution of two variables is known as

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

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 ?