KUET 2022 Question Paper M.Com

FOR KUET EXAM PREPARATION

KUET 2022
Question Paper · M.Com
EXAM YEAR TYPE SUBJECT

KUET 2022 Question Paper M.Com

Notes · Sample Papers · Previous Year Papers · Mock Tests

co m .
. e
em las

as ag *" *". .......'?-11........

ENTRANCE TEST!2022
SCHOOL OF BUSINESS STUDIES

om
COMMERCE
m . c
Question Booklet se"i". f
c70o Minutes m
TotalQuestions : 60

. Roll No. :
s e
' sem
TimeAllowed
a
:

a g l
l a
Instructions for Candidates

g
:

-L a vour Entrance information
Wrire Roll Number in
Test provided
the space
in the spices irovided on
top ofthis page^ofQuestion Bookler
at the
OMRAnswer Sheel' the
-J nlt irJttt" n...ssary
2.oMRAnswersheethasanoriginalcopyandaCandidate.sCopygluedbeneathitatlhelop.while properly
makine entries in $e original copy, candidate should ensure tiat the two copres arc algneo
(
io ihaithe ent ies made ii the Orifinal Copy against each item are exact]y copied in the andidate !
copy.
3. All entries in the oMR A$wer Sheet, including answers to questions, are to be lecorded in the original
Copy only.
4. Choose rhe conect / most appropriale response formeach question among the oplions A. B'ls Cnoland
co
D and

.
darken the circle ofthe aDDropriate response completely. Ihe rncomplele oarKeneo clrcle corecrly

e m the circle of correcumost appropdate
read by the OMR Scannii and no com-plainr to tliis effect shall be entertained
5. Use onlv blue,black balt point
l a s
pen response. In no case

ag of options for question. A question with mole than
to darken
geVink iren or pencil shoirld bt! used.

6. Do not darken more than circle
one any one darkened
response shall be considered wrong.
7. There will be .Negative Marking' for wrong answe$. Each wrong answer will lead to the deduction
of0.25 marks Aom the total score ofthe candidate.
g. gnlythose candidates who would obtain positive scorc in Entrance Test Examination shall be eligible
lor aomlsslon.
9. Do not make any stray mark on the OMR sheet.
m
m c. o
10. Calculators and mobiles shall not be permitted inside the examination hall.

c. o OMR Arswer must handled carefully and it should not folded e m mutilated in which it
11. Rough work, ifany, should be done on the blank sheets provided with the question bookle|

s
s em l a
case

g
12. Sheet be be or

la a lnvigilator and the candidate himself/
will nor be evaluated.

ag Ensure that your OMR AJlswer Sheet has been signed by the
herseli
13.

14. At the end ofthe examination, hand over the OMRAnswer Sheet to the inYigilator who will first tear off
the original OMR sheet in presence ofthe Candidale and hand over the Candidate's Copy to the candidate

sv-14799-A I [Tum over
o

m . c
c. o s e m
m a
se
For more Question Papers, Sample Papers, Notes & Syllabus visit
g l
Page 1 of 10

1. Shategic planning : As per Hesberg's two factor tleory of motir
the set of factors which are primarily con<
(A) Establishes intermediate strategies
with the job itself arc klown as :
(B) Provides major objectives
(A) Motivational facto$
(C) Determines operational goals
(B) Maintenancefactors
(D) All ofthe above
(C) Motivational as well as maintenance f
2.r 'A&antages ofmatrix organizations do not include:
(D) None ofthese
(A) A finctional home for ploj ect people
'7. . ,Which term does not apply to PERT ?
(B) Standardized use ofmanpower
(A) Event
(C) A focal point for all matters pertraining to the
project (B) Activiq
(D) Availability of specialized knowledge (C) Expectedtime
3. Decentralization : (D) Eventbudgeting
(A) Deqeases the importance of superiors 8. 'Unity of comnard' ginciple of effective di
means:
(B) Iqcreases the importance of supedors
(C) Decreases the impodance ofsubordinates (A) Subordinates should be rcsponsible
superror
(D) lnoeasesthe importrance of subordinates
(B) A superior can supervise a limited nul
4. S),nerg/ is an important tecbnique of:
subordinates
(A) Managementaudit
(C) There should be unity amongst subor(
(B) Decision making
(D) There should be unity arnongst superi
(C) Financial planning
9. The doctdne which states that "every
(D) Performance appraisal dealing with Ore company is assumed to ha!

5. The Eclectic Approach to leadership is brainchild ofthe contents ofthe Memorandum andAr
of: Association", is knolvn as :

(A) Fielder and his associates (A) Doctrine ofindoor management
(B) Chds Arelris and lis associates (B) Doctrine of notified infomation
(C) F.H. Sanford (C) Doctrine of constructive notice
(D) R.R. Blake and J.S. Mouton (D) Doctrine ofequitable notice

.,
sv-1479F4
c

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 2 of 10

co m .
. e
em las

as Ac t'2013 ag
14' Any director whose prcsence cannot count
for lhe
10. Under section 2 (70) ofthe companies ' purpose of fotming a quorum at a meeting of the
adocument inviting offer' ft"- *";;;;ptbliq vote on any
Board' at'the tim€- of discussion or
for the subsciption o' p*"ttut" or -y """*iti"' matter' is known as :
toav *rp"** lt known as a:
"i" (A) Related Director
(A) Prospectus
(B) Interested Director
m
co
(B) Red hening prospectus
(c) shetf prospectus m .
(C) NomineeDirector

.c o e m
(D) Allofthese m s
(D) None ofthe above

s e (lncorporation) Rules, equitable ground./s for just and equitable ground
g l a
a
15 following is/are consideredjust and
a
ofthe

l to One Person Compant for winding up ofthe company
which

ag
11. Rule 3 of the Companies
?
2014, as applicable
provides thal in
(A) Default committed by the company
(A) Its paid up shale capital is not more than submitting financial statements and annual
Rs. 501akhs retums'

fraudulent and illegal affairs
(B) lts average amual tumover oftlte€ years does (B) Involved in
not exceed Rs. 2 crores (C) lnability to pay its debts

o m
(C) Both(A)and(B)
. c
(D) All ofthe above
16.mA special form ofdisselt i$ which exrstug ora
(D) Neither (A) nor (B)
s e former member ofar organization outside the
an

g l a
goes
ofthe
't;;"a
unoer
and secion 2(17)
12. Under section2(68)
companies Act,2013, a o,''",':";;;;;';; :'-ta*:":j::""orsanizationalwronsdoing
actions that may harm the pubLic' known
or is asl
public company rn"r, n"t" .... -
respectively: (A) Whistle-blowing
(B) Insidertading
(A) At leastT and2
(c) Margintrading
(B) At least 2 and 7
(D) TiP-blowing

omin lndia but
(c) Atleast I ard2
(D) Atmleast I and 7 . c
is
lT An incoms which accrues or arises
. co e m
during the
received outside India, shall be taxable

m
e (A) Meeting of creditor"
alsoknownas:
la s
relevant previous year in the hands of:

s
13. Aclassmeetingis

gla ag
(A) Ordinary Residents only
a
,
(B) Meeting ofdirectors (B) Not ordinadly residents only
(c) Meeting of members (c) Non residents only
(D) Meetingto pass special resolution (D) All ofthe above

lTurnover
sv-14799-A
e
m . c
c. o se m
m a
se
For more Question Papers, Sample Papers, Notes & Syllabus visit
g l
Page 3 of 10

18. P€rquisites and allowances paid by Govemment 2t. During the relevant previous year, any
loss t

fiom house property can be set off from ir
of tndia to its employees posted outside India,
(A) Under arry other head uP to 100 P€
such loss.
(A) Fully exempted u/s 10(7) in case of all such
employees.
(B) Under any other head only up to Rs. 2
1C) U nder any o Lher head up to 3 0 percen
@) Fully exempted u/s l0(7) in case of such
loss.
employees who are citizens oflndia
(D) Underthe same head onlY uPto Rs
(C) Fully exempted u/s 10(7) in case of such ..
22' Under section 35D(3), tlle maximum an
oflndia
enployees who are residents
preliminary expenditure eligible for ded'
(D) Firlly exempted u/s 10(7) in case of such case of company assessee shall not exce(
employees who are either Indian citizens or
(A) 5 percenl ofcost ofproject, to be al
oflndian origins five k$talments.
19. Under section 10(10) of Income Tax Act, death- (B) 5 percent of capital employed, to bt
cum- retfuement gmtuity is fully exempted in case five irstalments.
of: (C) Either 5 percent ofcost ofproj ect or
(A) Employeesofcentral govemement of capital employed, to be allowe
instalments
(B) Employees ofstate govemement
(D) 100 percent ofsuch expenditue, to t
(C) Employees working in defence services in five instalments.
(D) All ofthe above 23. Mr, Zeheer, sold JewellerY in octot
20. Mr. Hussain joins the college service otr 01-08- (C.l.l. : 289) for Rs 15,00.000. itr
2016 inthe grade of 12000-300-13800-400-17800
acquisition in 2007-08 (C.I.I : I
Rs. 2,40,000 and he irvesled in constructr
and his salary was fixed at Rs. 14,200 ftom the
house upto 3.07.2020 Rs.6,00,000, wht
date ofj oining. Salary is due on last ofevery month.
not own any other house. In this co:
Mr. Hussain's total basic salary for the assessment
exemption under section 54 F which I\
year 2020-21 shall be : can claim is :

(A) Rs. 1,46,400 (A) Rs.6,00,000
(B) Rs. 1,44,000 (B) Rs.9,62,326
(c) Rs. 1,83,200 (c) Rs.3,84,930
(D) Rs. 1,70,400 (D) Rs.5,77,396

sv-14799-A
o

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 4 of 10

co m .
. e
em las

as Rafi has taken on rent a4 room house @ Rs. 6,000 28
g 'right oflien' is available to the unpaid seller
aThe
p.m. He paid Rs. 8,000 as municipal taxes and when:

spentRs.4,000 on the repairs ofthehouse. He has (A) The goods have been sold without an]
given half ofthe house on rent to his fiiend @ Rs. stipulation as to credit
4,000 p.m. Rafi'sincomeftom subletting taxable (B) The goods have been sold on credit, but the
under Income ftom Other Sources is :

m
telm ofthe credit has expired

m . co
(A) Rs.48,000 (C) The buyer becomes insolvent
(B) Rs. 12,000co m
m . (D) All ofthe above
se
(C) Rs. e3,000
s g l a
a a
29' When holder of a negotiable instument cancels th(

l
ag Rs.6,000
name of a party on the instrument with intent t(
(D) discharge him, will discharge :
25. An obligation created by law, regardless of (A) Such party and all subsequent parties
agreement is known as:
(B) Such party and parties pdor to him
(A) Executed contract (C) Such party alone
(B) Voidable contract (D) The instrurnent

o m
(C) Quasicontract 30. When a negotiable instrument is delivere<

m .c conditionally or for a special purpose as i

e Act,
@) Express contract
s
collatenl security or for safe custody, and not lb

by minor is l
a
26. Under section ll of.the Indian Conrract

ag
an the purpose of transferring absolutely propert'
agreement with or a : therein, it is called :

(A) Void and inopentive ab-initio (A) A Clean bill
(B) void (B) An escrow
(C) Voidable at option ofminor (C) An inchoate instrument
(D) A documentarybill
@) Noneofthese
............ is a stipulation which is collateral to 3l'
m
c. o
When cheque bears across its face an addition c
27.

m
the words 'Account Payee', with or without th

c. o significance: m
the main purpose ofthe contract and is not ofvital

e
name of banker, or words'not negotiable', th

em la s
s
cheque is deemed to have :

la
(A) Condition
a g
g
(A) General crossing
a (B) Description (B) Special crossing
(C) Wananty (C) Restrictire crossing
(D) Specification (D) Extra special crossing

sv-14799-A 5 [Turn ove
s
m . c
c. o s e m
m a
se
For more Question Papers, Sample Papers, Notes & Syllabus visit
g lPage 5 of 10

32. A limited liabiliry partnership: 36. In compliance to which Indial Accounti
(A) Shall have perpetual succession Standard, every listed company is required
prepare cash flow statement showing cash fl
(B) Shall not have perpetual succession
ftom operating activities, investing activities z
(C) Shall have its operations for a limited period
financing activities :
(D) Shall have its operations only for 5 yeas
(A) AS-1
33. 'To anticipate no profit but to provide for all
probable losses'is the main argumenl of' (B) As-2

(A) Materialityprinciple (c) AS-3
(B) Consistencyprinciple (D) AS-6
(C) Prudence principle 37. Kavita sent goods on consigDment to Ahmad a

(D) None ofthe above invoice price of Rs. 90,000, which is 50 perc

The corlcept of accounting which states that 'assets
above cost. The adjusting entry requircd to

should be always be the reflection or minorimage passed in the books of consignor to nulliry

of liabilities and capital' is known as : effect of higher price is:

(A) Accrual concept (A) 'Goods sent on consignment A/c' l
(B) Equality concept 'Consignment A/c' will be debited
qedited respectively with Rs. 45,000
(C) Equity concept
(D) None ofthe above (B) 'Consignment A/c' and 'Goods senl

35. The assumption thal a business firm has neither the
consignment tc' will debited and cred
intention nor the necessity of liquidation nor is respectively with Rs. 45,000

constrained to cudail materially the scale of its (c) 'Goods sent on consignment A/c'
operations in the foreseeable future, is known as:
'Consignment A/c' will be debited
(A) Dual aspect conc€pt qedited respectively with Rs. 30,000

(B) Business entity concept (D) 'Consignment A/c' and 'Goods sen
(C) Matchingaoncept consignmert A,/c' will debited and cre(

(D) None ofthe above respectively with Rs. 30,000

sv-14799-A 6
o

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 6 of 10

co m .
. e
em las

as 38. The commission payable by the consignor to the 41 ag
Under debtors system, when goods are returned by
consignee in consideration for undertaking the risk the branch to head office, the journal entry which
ofbad debts arising out of credit sales, is known is passed in the books ofhead ofirce is :
as:
(A) Branch AJc .. .Debit ; Goods sent to Branch
(A) Ordinary commission
A-/c ... Credit

m
(B) Extra ordinary conmissron

co
(B) Goods sent to Branch A,/c .. Debit ; Bmnch

o m
(C) Over-riding commission
m .
(D) Del-credere . c e
A-lc.. .Credit

m a s
39. Which of these l
commissions

g
(C) Branch A"/c .. .Debit ; Return Outwards A-/c

la a
following is not a feature of hire
g
... Credit

a
pwchase transaction ?
(D) Goods Retumed by Branch A-lc ..Debit ;
(A) The buyer is in the legal position ofbailee;
BranchA/c... Credit
he has no right ofdisposal ofgoods

(B) The buyer has the option to retum the goods 42' Under stock and debtors system branch profit is
and terminate the ageement. ascertained by opening . .. ... :

(C) The seller has no right to repossess the goods (A) Goods sent to BranchAccount
m
c. o (B) Branch Account
on the default in payment of instalments by
Stock

m (C) Branch Profit Loss Account
ecare
the buyer.

l a s
and
(D) So long as the buyer has taken reasonable

a g
of the goods expected of bailee; any loss
occuring to goods has to be bome by the
(D) Bmnch Adj ustment Account
43' When branch is keeping i-rll system of accounting,
seller.
the entry in the head offrce books for depreciation
40. When one of the co-venture's is appointed to
charged on branch fixed assets is:
manage thejoint venture, the onty for distribution
ofthe resulting profit onjoint venture is : (A) Depreciation A/c...Debit; Branch Fixed

m
(A) Joint Venture A"/c is debited, Profit and Loss AssetsAJc... Credit

m c. o
c. o (B) Pfolit Loss AJc is debited, Joint credited
AJc and Other co-ventue's A/c's are ctedited

m
(B) Branch Fixed Assets AJc... Debit; Branch

m
venture
s e
la
and

e
A/c....Credit

as g
A/c Other co-venture's A/c's

a
and are

gl
(C) Depreciation A/c....Debit; Branch Fixed

a
(C) Profit and Loss A/c is dsbited, each . AssetsAJc... Credit
co-venture's A/c is credited

(D) Joint VenLure A/c is debiled. each (D) Branch A/c...Debit; Branch Fixed Assets
co-venture's A"/c's is credited AJc...Credit

sv-14799-A 7
g

m . c
c. o s e m
m a
se
For more Question Papers, Sample Papers, Notes & Syllabus visit
g l Page 7 of 10

4?

44 Th€ prooess by which co$olidated balance sheet

is prepared by the
head ofice'
[:l$fr Hl*#.8hil"l'ff
i"r#i
of whole business ofthe company '
value ofthe share ':
is technically
known as:
(A) Rs 31
(A) BGnchadjustrnent
@) Rs 31 80
(B) consolidation process
ttthe branch trial balance
(c) Rs 3980
iO t**.*at
te,o
(D) Absorption .rn -.^h icsued .-. ::],;::"i1"':",n which
appears as short

l r,.
"" o;;""t"^,^ *e companv balance sneet:
45. x Lrd. rorreited "':: :.t::1';Ti"*:"u
ar20%prenium(to*:"::,i:.T.;;;*^" (A) proposeddividend
afuillli.ttrl
for non payment,of
call 01 Ks zu nr o* (B) rnter€st acclued
but not due
& final "n*".
and a second
rerssueo as firlly
paid-up (c) Employees' providenl fund
^c,L"." 40 shares were anlu;
the
,", *.lo n* r*".
* rhis situarion @) Noue of rhe above
Reserve ot of a company's ltnanc
,""i o a o"."un"d to 'capital on. ,n" reconstruction
liquidation of the
compar,t)
ls: stlucture without
kaouD as :
(A) Rs. 1'600
(A) Extemalreconstruction
(B) Rs 2,000
(B) Inter0al reconstructton
(C) Rs 400
(C) Reconstructlon
rDr Rs. 1,000 (D) All ofthe above
I
*. . r,u ."n:*:::'^":':,',|i.u]'11':|-1ff': r, rt e snare capitat
Ltd' is consi$ing
of the A
Rs 30'000 orzrL' of Rs 15 each B
Lrd agrr
::"';;t";
li^bilities of
::"J";;" ;; * Ibalance
i"'::l*:
by'r :,1I,: :il:'"''ffi ;; "i' ::",: 1":,:'?*," ;
"i:i^':,:":Lsfi ffi lT"ift ;;'"tt
10'000 in cash and in view
par' Keeping
i.;""*"t;t *t t oo "ach at of goodwitl and consideralion tn
,nO t"t"**io"'
the amount ilJ;;:;;;"*e
the veodor are:
to
U"O""*'"t issued
""aot' "t ' (A) Rs' 1,16'667
(A) Rs 20'000;3'400
(B) Rs' 1,66'667
G) Rs 20'000;3'300
G) Rs 1,16'672
(C) Rs 10'000;3'300
'' (D) Rs 1,i6'660
(D) Rs 10'000; 3'400
8
sv-14799-A
o

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 8 of 10

co m .
. e
em las

as ag
51. Pre-acquisition reserves are :
54. According to which of the following pricing
(A) Reserves and profits appearing in the balance methods, issues are close to curlent €conomlc
sheet of subsidiary company before the values:

acquisition of its shares by the holding (A) Last-in-first out (LIFO)

m
company.
(B) Firsrin-first out (FIFO)

m . c o
co
(B) Profit eamed afte. the acquisition of shares
m
(C) Highest-in- first out (HIFO)
of
.
m suffered after the s e
a
subsidiary company.
the

(C) Losses of theecompany l
(D) Weighted average
s
la of shares of the subsidiary a g
g
Expected

a
55. annual usage of a raw material
acquisition is
00,000 units, 2,
place cost to
order Rs. 1000, one is
company.
and cosl ofholding invenlory is I pajsa per unir.
(D) Both (A) and (B) Economic order quantity is:

5). According to Ind AS 103
fureviously AS14), (A) 1,00,000 units
acquired identifiable assets, liabilities and non_
(B) 2,00,000units
controliing interest in case of amalgamatron are

o m
(C) 20,000 units

(A) At their fair values under the acquisition m.
c
recognised:

e56. When premises ol,ned, charge in lieu oI rent
(D) None ofthe above

l a s
g
method are a

a
(B) At their market values under the acquisition
example of: rs an

meftod
(A) An opportunity cost

(C) At their book values under the acquisition (B) An imputed cost
medrod (C) A Sunk cost
(D) At their face values under the acquisition (D) A Differentiat cost

m
m c. o
method 57. Input in aprocess is 4000 units and normal

c. o
loss is

m
se
53. Direct material is an example of: 20%. When finished output ofthe process is
only

em(A) Fixed cost la
s
3,240, there is an:

l a a g
ag
(A) Abnormal loss of40 units
(B) Variable cost
(B) Accidertal loss of760 units
(C) Semi variable cost
(C) Abnormal gain of40 units
(D) Decision making cost
(D) Both (A) and (B)

sv-14799-A

m . c
o [Turn over

c. o s e m
m a
se
For more Question Papers, Sample Papers, Notes & Syllabus visit
g l
Page 9 of 10

tr:
* Aamiirook
acontract w*

'^ ^^ 'loo and as Per

"t"i5:T;:
agreemstrr
*'- ' ::
I
I

stocko{d@'J:t':ill:"-:: io4il:l
:*1'.'::""* ; ;":;"1
,r. rroPenine
:::: ::l ;:i:::
qilililJ$"#':;1:l:n-uun*' every year.
enq
At the "',-".^,*.*ran, of *..
'J]:Ifi cenirrcak of
complett""
lili]lne .^*."", r" *
(A) Rs 1'04'000 00$00 After
prepanog
30. oL."'i o r,oou. on
G) Rs 124'000 u notio"ut nt"1ll,t^lt-o,
urcenuin"a * 1-o* o,"
tr-tllt^".-*'",
(C) Rs 1'34'000 he can
amount which r"r*tO*
the ead to
be-::et *-,-.r"*""*t,
and

." :;.:-"1"'J: *1 "'i11ii;i""-[S"Jl profit is .' -'" -'
Rs 329'000
(A) Rs 3J6'000;
*'m*'St,:'*Pxir*t"u* (B) Rs aJ0'000 ;
Rs 235'000
significance: 5'17'000
metttoo (C) Rs 1'88P00;Rs
(A) Dtect distribution
Rs' 4J0'000
(B) SteP ladder method (D) Rs 235'000;

,-Ct S*ft^**
**tion tn"ttlod
metboa
tO) t"P"ut"a aisuiu"don

10
c
sv-14799-A

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 10 of 10