Managerial Economics and Financial Analysis Mid - II, November - 2014
1.The relationship between two or more persons who agree to share profits of the business carried on by all or any of them acting for all is called
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Sole Trading
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Partnership
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Joint Stock Company
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None of the above
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Answer: B
2.The Working Capital is also called as
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Fixed Capital
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Tangible Fixed Capital
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Circulating Capital
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None of the above
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Answer: C
3.The Indian Companies Act was enacted in
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1956
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1932
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1952
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1962
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Answer: A
4._______________ is an art of recording the business transactions in the books of original entry and the ledgers.
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Book Keeping
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Book Binding
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Book Recording
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None
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Answer: A
5.“Net Profit” Can be found out by preparing
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Trading Account
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Profit & Loss Account
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Balance Sheet
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Trial Balance
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Answer: B
6.______________ is the life blood of the business
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Finance
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Cost
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Price
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Production
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Answer: A
7.______________ is the Non-Discounted Cash flow method of Capital Budgeting
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NPV
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IRR
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ARR
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None of the Above
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Answer: C
8.______________ is the Representative Personal Account
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Salary A/c
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Capital A/c
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Buildings A/c
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Purchases A/c
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Answer: B
9.The Statement of “Debit and Credit balances of Ledger Accounts” is called as
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Trial Balance
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Ledger
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Journal
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Balance Sheet
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Answer: A
10.Decisions relates to the selection of assets in which fund will be invested by a firm
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Finance
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Investment
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Dividend
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None
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Answer: B
11.nder Capital budgeting, only NPV proposals are with considered _______________ Value
Answer: Positive
12.Liability of Shareholder limited to _________________
Answer: Limited to Face Value of Share
13.______________________ is the desirable Current Ratio
Answer: 2:1
14.The Statement reveals the financial position of a business at given date is called ___________
Answer: Balance Sheet / Position Statement
15.Debit What Comes in: Credit What Goes Out is account Principle of _________________
Answer: Real A/c
16.The Assets which do not have any physical form, Cannot be seen or touched are called as ______________
Answer: Intangible Asset
17.Inventory Turnover ratio is also called as ___________________________
Answer: Stock Turnover Ratio
18.Partner who does not take active interest in managing the affairs of Partnership is called ____________
Answer: Sleeping Partner
19.A Unit of Capital of Joint Stock Company is Called as ____________________
Answer: Share
20.Falls in the Value of asset because of obsolescence is called __________________
Answer: Depreciation