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ACCOUNTANT-JUNIOR-ACCOUNTANT-ACCOUNTS-ASSISTANT---VARIOUS-COMPANIESCORPNSBOARDSSOCIETIES Related Question Answers
1. Zero Based Budgeting is related to whom of the following?
Philip Kotler Ronald Reagan Jimmy Carter Gerald Ford
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2. Which of the following institutions regulate Indian Money Market in India?
RBI IRDA SEBI NBARD
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3. Which of the following insurance company has reinsurance business?
LIC of India Oriental Insurance Company Ltd GIC of India United India Insurance Company Ltd
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4. Which of the following statement is most suitable to an ‘audit report’?
It is a fault finding report of audit It is a report of errors and frauds It is an opinion of the Auditor It is always a statutory report
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5. Not recording a transaction in the books of account is treated as an error of:
Duplication Omission Compensating Commission
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6. Which of the following statement is wrong with regards to internal Check?
It a part of internal control it is done by appointed auditor It is continuous in nature It is to eliminate errors and frauds
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7. Following are the names of table of random numbers except:
Tippett’s table of random numbers Kendall & Babington Smith numbers Luca’s table of random numbers Fisher and Yate’s numbers
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8. Which of the following is not a property of ‘Normal Distribution’?
Coefficient of skewness is one It is bell shaped It is continuous curve Mean,median and mode are equal
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9. Which of the following is not a random sampling method?
Stratified sampling Systematic sampling Cluster sampling Judgement sampling
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11. Which of the following is not a negotiable instrument?
Treasury Bill Share Certificate Share warrants Rearer Debenture
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12. Which of the following is true with regards to a balance sheet?
It shows changes in assets and liabilities of a business during the year It shows position change of a business between two particular dates It shows changes of a business for a particular year It shows position of a business on a particular date
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13. Which one of the following is true with regards to cash discount?
It is discount on prompt payment It is discount on price at sales It is discount on price at sales It is a reduction in face value
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14. Which of the following do not fall under ‘4Ps’ suggested by McCarthy?
Promotion Product Place Perfection
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15. Which of the following concept says that the consumers will favour those products that are available widely at low cost?
Production Concept Selling Concept Product Concept Marketing Concept
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16. Which of the following is the formula to calculate workers wage under Halsey Premium Plan?
T x R+%(S-T-R) T x R+% S(T-R) T x R+%(S-T)R (T-R)x%(S-T)R
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17. Who, among the following, is associated with the term ‘Marketing Myopia’?
Taylor Philip Kotler Henry Ford Theodore Levitt
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18. In which of the following pricing strategy, the marketer charge maximum price on introducing a new product?
Penetration Pricing Going Rate Pricing Skimmed Pricing Full Cost Pricing
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19. ...... is the set of all products and items that a seller offers to sell.
Product Line Product Mix Product width Product Length
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20. In ‘ABC analysis of stock control, which of the following is true with regards to ‘C’ category goods?
They have strict control They have moderate control They have no control They have loose control
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22. .The smallest sub-unit of an organisation where cost collection is attempted is :
Cost Center Cost Element Cost Unit Cost Department
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23. In costing, the sum of direct material, direct labour and direct overheads are known as :
Basic Cost Cost of Product Factory Cost Prime Cost
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24. Cost of abnormal idle time is :
Credited to Costing P&L Account Debited to Costing P&L Account Credited to Production Account Debited to Production Account
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25. Which oneof the following is an uncontrollable cause of material price variance?
Change in market price Inefficient buying Emergence purchase Loss of discount
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