MAHA SET 2015 Question Paper 2 Commerce

Test Booklet No.
F
COMMERCE
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(Name) ................................................ OMR Sheet No.
AUG - 50215 (To be filled by the Candidate)
Time Allowed : 1¼ Hours] [Maximum Marks : 100
Number of Pages in this Booklet : 28 Number of Questions in this Booklet : 50
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will carry two marks. All questions of Paper-II will be compulsory, 2.
covering entire syllabus (including all electives, without options).
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2

Commerce
Paper II

II
Time Allowed : 75 Minutes] [Maximum Marks : 100
Note : This paper contains Fifty (50) multiple choice questions. Each question
carrying Two (2) marks. Attempt All questions.
(50) (2)

1. Appointment of independent 1.
Directors is the part of corporate
governance as per the.............. .
(A) SEBI
(A) SEBI
(B)
(B) Government of India
(C) Indian Companies Act (C)

(D) RBI (D)
2. Public Enterprise is defined as : 2.
(A) An organisation run by Joint
efforts of Centre and State (A)
Governments
(B) An organisation which Centers
(B)
to the needs relating to Public
Utilities
(C) An organisation in which
(C)
capital is invested by Public
(D) An organisation owned and
managed by Public authorities (D)
for definite set of Public
Purposes

3 [P.T.O.

3. The Environment Protection Act, 3.
came into force from :

(A) 1986
(A) 1986
(B) 1987
(B) 1987
(C) 1988
(C) 1988
(D) 1991
(D) 1991
4. Who is the Chairman of the 13th
4.
Finance Commission ?

(A) C.R. Rao (A)

(B) D.S. Sharma (B)

(C) Vijay Kelkar (C)

(D) B.K. Chaturvedi
(D)

5. Which one of the following is not the
5.
objective of MRTP Act, 1969 ?

(A) Checking unfair trade practices
(A)
(B) Checking restrictive trade
(B)
practices

(C) Checking monopoly (C)

(D) Promoting competition (D)

4

6. Debt-equity ratio is the relationship 6.

between outsiders’ fund and.............. .

(A) Retained earnings (A)

(B)
(B) Shareholders’ funds

(C)
(C) Borrowers’ funds

(D)
(D) Debtors’ fund

7.
7. Cash Budget is categorised as........... .

(A) Operating Budget
(A)

(B) Long-term Budget
(B)

(C) Financial Budget
(C)

(D) Functional Budget
(D)

5 [P.T.O.

8. When a partnership is dissolved and 8.

the assets are gradually realised, the

cash collected is distributed among

various claimants as and when it is

available, this distribution is

called................ .
(A)
(A) Gradual disbursement
(B)
(B) Gradual distribution

(C)
(C) Piece-meal disbursement

(D)
(D) Piece-meal distribution

9.
9. ‘Salary paid to employees’ is an

example of................ .

(A)
(A) Revenue Income
(B)
(B) Revenue Expenditure
(C)
(C) Capital Expenditure
(D)
(D) Differed Revenue Expenditure

6

10. A company provides you the 10.

following information :
2010-11 2011-12

2010-11 2011-12
` 10,00,000 ` 15,00,000
Sales ` 10,00,000 ` 15,00,000
` 2,00,000 ` 3,00,000
Profit ` 2,00,000 ` 3,00,000
` 25,000
If fixed cost is ` 25,000, what will

be breakeven point ?
(A) ` 1,00,000
(A) ` 1,00,000
(B) ` 1,52,000
(B) ` 1,52,000
(C) ` 1,25,000
(C) ` 1,25,000
(D) ` 1,22,000
(D) ` 1,22,000
11.
11. Which one of the following formula

will be used for computing the price

elasticity of demand ? (A)

% Ch a n ge in Qu a n t it y Dem a n ded
(A) % Ch a n ge in P r ice
(B)
Ch a n ge in Qu a n t it y Dem a n ded
(B)
N a t ion a l In com e
(C)
% Ch a nge in Qu a n t ity Dema n ded
(C)
100

% Cha n ge in P rice
(D) % Cha nge in Su pply (D)

7 [P.T.O.

12. When the firm is producing 3 tons 12.

of Sugar. It receives total revenue ` 24,000

of ` 24,000 Raising Production to 4 4

tons increase total revenue to
` 28,000
` 28,000. Thus marginal revenue

is :
(A) ` 4,000
(A) ` 4,000
(B) ` 8,000
(B) ` 8,000

(C) ` 28,000
(C) ` 28,000

(D) ` 52,000
(D) ` 52,000

13. The input costs that do not require 13.

an outlay of money by the concern

called............... .
(A)
(A) Marginal costs
(B)
(B) Explicit costs

(C) Implicit costs (C)

(D) Replacement costs (D)

8

14. Which one of the following 14.

characteristics is not of competitive

market ?
(A)
(A) There are many buyers and

many sellers in the market
(B)
(B) The goods offered by the various

sellers are homogeneous
(C)
(C) Firms can freely enter or exit

the market

(D) Firms cannot freely enter or exit (D)

the market

15. Total revenue divided by the 15.

quantity sold called :

(A) Revenue (A)

(B) Total Revenue (B)

(C) Average Revenue (C)

(D) Marginal Revenue (D)

9 [P.T.O.

16. A collection of methods that enables 16.

us in making decisions about a

population based on the sample i ¼r ha
P; k l ew
gkl

results is known as :
(A)
(A) Primary data
(B)
(B) Interview

(C)
(C) Questionnaire

(D) Inferential Statistics (D)

17. Persons who go to respondents and 17.

gather information form them

through pre-designed schedules are

known as :
(A)
(A) Researcher

(B)
(B) Enumerator

(C) Systems Analyst (C)

(D) Data Miner (D)

10

18. The collection of original data by 18.

the investigator himself is known

as :
(A)
(A) Primary data
(B)
(B) Secondary data

(C)
(C) Questionnaire

(D)
(D) Schedule

19.
19. The collection of data compiled by

some one else another than the user,

which may be in published form or

in unpublished form is known

as................ .
(A)
(A) Primary data
(B)
(B) Secondary data
(C)
(C) Questionnaire

(D)
(D) Schedule

11 [P.T.O.

20. The presentation of classified data 20.

in tabular form is :
(A)
(A) the last step in statistical

analysis
(B)
(B) the elementary step
(C)

(C) not very important in statistical

analysis (D)

(D) important in statistical analysis

21. “Any organisation in order to 21.

achieve its objectives should form its

organisation structure based in

activity analysis, decision analysis

and relation analysis” is the view

of................. . (A)

(A) Koontz and O’Donnel
(B)
(B) Mary Cushing Niles
(C)
(C) Peter Drucker

(D) Albers (D)

12

22. A concept about to achieve the pre- 22.

determined goal is :

(A) Control (A)

(B) Planning (B)

(C)
(C) Evaluation

(D)
(D) Direction

23.
23. Which is the basic function of

management in respect of future

management action spring ?

(A)
(A) Organising

(B)
(B) Planning

(C)
(C) Directing

(D)
(D) Controlling

13 [P.T.O.

24. The principle of centralisation as one 24.

of the important principles of

management was given by :
(A)
(A) Taylor
(B)
(B) Terry

(C)
(C) Urwick

(D)
(D) Fayol

25. How many purpose has been 25.

identified by the Peter R. Drucker

about the business ?
(A)

(A) Six

(B)
(B) Four

(C)
(C) Eight

(D) Ten (D)

14

26. Any marketing mechanism’s 26.

ultimate objective is to develop :

(A) Brand (A)

(B) Process (B)

(C) Behaviour (C)

(D) Theory (D)

27. The concept of marketing mix 27.

involves a deliberate and careful

choice of organization in terms of

product, price, promotion and place

strategies and............... .
(A)

(A) Philosophies
(B)

(B) Policies
(C)

(C) Concepts
(D)

(D) Planning

15 [P.T.O.

28. Sub-dividation of marketing is 28.

called as................. .
(A)
(A) Segmentation

(B)
(B) Allocation of marketing

(C) Only segmentation (C)

(D) Market segmentation (D)

29. Channel of distribution acts as a
29.

linking pool between the producer

and.................... .

(A)
(A) Middlemen

(B)
(B) Final Consumer

(C)
(C) Wholesaler

(D) Retailer (D)

16

30. Which factor comes under internal 30.

environment ?
(A)
(A) Economical

(B)
(B) Political

(C) Financial resources (C)

(D) Social (D)

31. According to......................principle,
31.

ideal capital structure should be able

to cater to additional requirements

of funds in future.
(A)
(A) Control

(B)
(B) Flexibility

(C)
(C) Cost

(D)
(D) Timing

17 [P.T.O.

32. Financial management is a part 32.

of.......................... .

(A) Business Management (A)

(B) Financial Accounting
(B)

(C) Management Accounting
(C)

(D) Human Resource Management
(D)

33. Economic life of a plant is 8 years,
33. 8
and its costs are ` 5,00,000. Annual
` 5,00,000

Saving (cash inflows) is ` 1,00,000.
` 1,00,000

Hence post payback profit would

be :

(A) ` 3,00,000 (A) ` 3,00,000

(B) ` 2,50,000 (B) ` 2,50,000

(C) ` 4,50,000 (C) ` 4,50,000

(D) ` 2,00,000 (D) ` 2,00,000

18

34. When a company is not in a position 34.

to distribute dividend in cash due

to liquidity problem then company

can :

(A)
(A) Distribute profit in cash

(B) Distribute Assets (B)

(C) Distribution dividend in the
(C)

form of bonds
(D)
(D) Distribute property

35.
35. The cost of preference share capital

is after tax which can be converted

into................ .
(A)

(A) Cost before profit
(B)
(B) Cost before tax
(C)
(C) Cost after tax

(D)
(D) Cost before dividend

19 [P.T.O.

36. Which are the operational functions 36.

of Human Resource Management ?

(I) Compensation (I)

(II) Directing (II)

(III) Development (III)

(IV) Integrating (IV)

(A) I, II, III
(A) I, II, III

(B) II, III, IV
(B) II, III, IV

(C) III, IV, I (C) III, IV, I

(D) IV, I, II
(D) IV, I, II

37. The Apprentices Act was passed
37.

in............... .

(A) 1971
(A) 1971

(B) 1948
(B) 1948

(C) 1961
(C) 1961

(D) 1953
(D) 1953

20

38. Human Resource Management 38.

obectives is combination of :

(A) Functional and personnel
(A)
objectives

(B)
(B) Societal, governmental and

organisational objectives

(C) Local, state and international (C)

objectives

(D) Societal, organisational,
(D)
functional and personnel

objectives

39.
39. What is the initial step in

developing a recruitment action

plan ?
(A)
(A) By Position
(B)
(B) By Role
(C)
(C) By Worker

(D) By Job (D)

21 [P.T.O.

40. The main objective of selection 40.

process is................ .
(A)

(A) Planning
(B)
(B) Communication

(C)
(C) Job evaluation

(D)
(D) Employment

41.
41. The financial stability of any bank

is determined by................ .

(A) Capital Adequacy Ratio (A)

(B) Credit Deposite Ratio (B)

(C) Current Asset Ratio (C)

(D) Debt Equity Ratio (D)

22

42. The minimum capital required to 42.

form a private banking company

is.....................crores.

(A) 1000
(A) 1000

(B) 500
(B) 500

(C) 200
(C) 200

(D) 100
(D) 100

43.
43. Which of the following function is

not performed by non-banking

financial institution ?
(A)

(A) Issuing loans and advances
(B)

(B) Issuing cheques
(C)
(C) Issuing promissory note

(D)
(D) Issuing bill of exchange

23 [P.T.O.

44. Which of the following functions is 44.

not performed by Reserve Bank of

India ?
(A)
(A) Control the Credit

(B)
(B) Issue of Currency Note

(C)
(C) Advice to Government

(D) Loan to Government (D)

45. All co-operative banks are regulated 45.

by................... .

(A) R.B.I. (A)

(B) R.B.I. and State Government (B)

(C) S.E.B.I. and R.B.I. (C)

(D) R.B.I. and Central Government (D)

24

46. The theory of comparative 46.

advantage is developed by :

(A) Adam Smith (A)

(B) J.S. Mill
(B)

(C) David Ricardo
(C)

(D) Bertil Ohlin
(D)

47. Component of capital account
47.

is :
(A)

(A) Export of goods
(B)

(B) Amortisation

(C)
(C) Private payment

(D)
(D) Insurance

25 [P.T.O.

48. The function of International
48.

Monetary Fund (IMF) is :

(A)
(A) To act as a short term credit

institution

(B) To assist the reconstruction and
(B)

development of the member

countries

(C)
(C) To promote the long term

balanced growth of

international trade
(D)
(D) To provide development finance

on easy term to less developed

member countries

26

49. The principal function of IBRD is : 49.

(A) To provide a machinery for the
orderly adjustment and
(A)
exchange rates

(B) To promote the long term
(B)
balanced growth of
international trade and the
maintenance of equilibrium in
balance of payments

(C) To provide machinery for (C)
international consultation

(D) To help in stimulating the
(D)
productive investment of
private capital

50. EXIM Bank of India was set up as 50.
a :

(A) Wholly owned corporation by
the RBI (A)

(B) Wholly owned corporation by
(B)
the IMF

(C) Wholly owned corporation by (C)
the IDBI

(D) Wholly owned corporation by
the Government (D)

27 [P.T.O.

ROUGH WORK

28