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You Are On Multi Choice Question Bank SET 550
27501. An agreement to buy stolen goods is
(A): Void (B): Voidable (C): Valid (D): Illegal
27502. Stepping into a line bus creates
(A): Valid contract (B): Void contract (C): Voidable contract (D): Unenforceable contract
27503. Pledge is a part of
(A): Consignment (B): Bailment (C): Partnership (D): Lease
27504. General Lien is available for
(A): Banker (B): Bailor (C): Tailor (D): None of these
27505. A Minor cannot be a an
(A): Agent (B): Partner (C): Payee (D): None of these
27506. An agreement in restraint of the marriage of a minor is
(A): Void (B): Voidable (C): Valid (D): Illegal
27507. Indian Partnership Act was enacted in
(A): 1932 (B): 1948 (C): 1956 (D): 1964
27508. Principle of indemnity is not applicable to
(A): Life insurance (B): Marine insurance (C): Fire insurance (D): All of these
27509. On payment of Insurance policy,the insurer is put into the shoes of the insureThis principle is called
(A): Mitigation of loss (B): Subrogation (C): Causa proxima (D): Contribution
27510. Bancassurance in the insurance product of
(A): LIC (B): Private Insurance companies (C): Banks (D): None of these
27511. In India,the whole life insurance business is administered by
(A): LIC (B): IRDA (C): RBI (D): None of these
27512. The law diminishing marginal utility was first stated by
(A): H.H.Gossen (B): J.R.Hicks (C): J.Say (D): Marshall
27513. Under perfect competition,short run equilibrium of a firm will be
(A): MC=MR (B): MC (C): MC>MR (D): None of these
27514. The shape of demand curve is
(A): Upper sloping curve from right to left (B): Down sloping curve from right to left (C): Down sloping curve from left to right (D): Upper sloping curve from left to right
27515. The salient features of Indian Economy are
(A): Predominance of agriculture (B): Rapid growth of population and unemployment (C): Low per capita income and capital scarcity (D): All of these
27516. Which industry is the second largest provider of employment in India after agriculture?
(A): Textiles (B): Chemicals (C): Transports (D): Iron and steel
27517. Who is the Chairman of’NITI AYOG’?
(A): Miniser for Finance (B): Minister for planning (C): Chairman of Finance Commission (D): Prime Minister
27518. Malayavilasam which marked the beginning of modern Malayalam poetry was composed by
(A): Kunjikuttan Thampuran (B): Ulloor S.Parameshwaran Nair (C): Vallathol Narayana Menon (D): None of these
27519. In India the Environment Protection Act came into operation in
(A): 1986 (B): 1984 (C): 1987 (D): 1985
27520. One of the longest roads in Kerala NH 47 is currently renamed as
(A): NH 44 (B): NH 66 (C): NH 544 (D): NH 766
27521. The Asian Nation that has joined the WTO recently as the 164th member
(A): Pakistan (B): Afghanistan (C): Myanmar (D): Nepal
27522. The First Girl’s School of the BEM in Kerala was opened in 1839 at
(A): Vadakara (B): Kallyai (C): Kasargod (D): Nettur
27523. The First International Festival on Birds was held in December 2015 at
(A): Rajastan (B): Uttar Pradesh (C): Kerala (D): West Bengal
27524. Who Proclaimed Akkamma Cherian as the Jhansi Rani of Travancore?
(A): K.Kelappan (B): Sri Chithira Thirunal Balarama Varma (C): Pattom Thanur Pilla (D): None of these
27525. The women’s Malayalam magazine Sreemathi was published from Travancore
(A): K.V.Kuttimalu Amma (B): Anna Chandi (C): Ammu Swaminathan (D): Parukutti Amma
27526. The Return of Red Roses is the biography of
(A): Captain Lakshmi (B): Vijayalakshmi Pandit (C): Indira Gandhi (D): Anna Chandi
27527. The Magazine Sadhujana Dootan was published by
(A): Pampadi John Joseph (B): K.P.Vellon (C): Pandit K.Karuppan (D): Sahodaran Ayyappan
27528. The newspaper Prabhatham began to be published in 1944 by
(A): Moorkkoth Kumaran (B): T.K.Joseph (C): Krishnan (D): None of these
27529. The Commission which recommended for the establishment of inter state Council
(A): Sarkaria Commission (B): N.N.Vohra Commission (C): K.Niyogi Commission (D): Balwant Rai Mehta Commission
27530. The 14th Finance Commission was constituted under the Chairmanship of
(A): Vijay Kelkar (B): M.Khusro (C): K.Pant (D): Y.V.Reddy
27531. The 100th Amendment Act of Indian Constitution relate to
(A): Boundary Agreement (B): Black money (C): Judicial Appointment Commission (D): Tax on Goods and Services
27532. The State which declared as the first E-panchayat State in India
(A): Gujarat (B): Maharashtra (C): Punjab (D): Uttar Pradesh
27533. The Suguna Vardhini was an organization established by
(A): Arattupuzha Velayudha Panikkar (B): Agamananda Swamikal (C): Kumbalathu Sanku Pillai (D): Ayyathan Gopalan
27534. -----------translated Taming of the Shrew the drama of Shakespeare in Malayalam
(A): K.Kesava Pillai (B): Kandathil Varghese Mappila (C): Ikkavu Amma (D): V.Raman Pilla
27535. The social welfare scheme Annadayini related to policy of giving nutritious
(A): Tribal people (B): Pregnant tribal women (C): School children (D): Enosulphan Victims
27536. Which day is observed as Temple entry Day all over kerala as Temple Entry Movement
(A): 11597 (B): 1 November 1931 (C): 11689 (D): None of these
27537. Zero Based Budgeting is related to whom of the following?
(A): Philip Kotler (B): Ronald Reagan (C): Jimmy Carter (D): Gerald Ford
27538. In costing,the sum of direct material direct labour and direct over heads are known as:
(A): Basic cost (B): Cost of Product (C): Factory Cost (D): Prime cost
27539. Cost of abnormal idle time is:
(A): Credited to Costing P & L Account (B): Debited to Costing P & L Account (C): Credited to Production Account (D): Debited to Production Account
27540. Which one of the following is an uncontrollable cause of material price variance?
(A): Change in market price (B): Inefficient buying (C): Emergence purchase (D): Loss of discount
27541. Two or more products,with same importance,produced during a production process is known as:
(A): Double Product (B): Joint Product (C): Two Product process (D): By Product
27542. FIFO method is best suited when:
(A): Prices are Falling (B): Prices are Fluctuating (C): Prices are Rising (D): Prices are almost Stable
27543. In costing----analysis is used primarily for control of spare parts.
(A): ABC (B): Need (C): VED (D): Cost
27544. ’Which of the following is true with regards to ‘Bin Card’?
(A): It records value only (B): It records value and quantity (C): It records quantity only (D): None of the above is true
27545. Average Stock Level is calculated with which of the following formula:
(A): Minimum Stock +1/2 Reorder quantity (B): Minimum Stock+1/4 Reorder quantity (C): Minimum Stock+Reorder quantity (D): Minimum Stock+(Reorder quantity xReorder Time)
27546. Which of the following is/are true with regards to’escalation clause’?
(A): It is associated with contract costing (B): Applicable when there is a change in the price of Labour and/or Material (C): Not applicable when there is a Change in the utilization production factors (D): Both A and B above
27547. Special Drawing Right(SDR)is related to which of the following institution?
(A): IBRD (B): WTO (C): IMF (D): GATT
27548. In which year the LIC was formed?
(A): 1962 (B): 1956 (C): 1964 (D): 1979
27549. Which of the following institutions regulate Indian Money Market in India?
(A): RBI (B): IRDA (C): SEBI (D): NBARD
27550. Which of the following institution was formed in India with the help of World Bank?
(A): IDBI (B): IFCI (C): ICICI (D): DFHI
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