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Odisha SSB PGT 2023: Post Graduate Teacher recruitment for non-government aided higher secondary schools, Commerce

  • Language: English
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Odisha SSB PGT 2023 question paper, Post Graduate Teacher recruitment for non-government aided higher secondary schools, Commerce, page 1 of 20
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DO NOT OPEN THIS TEST BOOKLET UNTILYOU ARE ASKED TO DO SO
                                   TEST BOOKLET
                                                               Sl. No:         15{0
Subject Code: 04                                             Subject: COMMERCE

WRITTEN TEST FOR RECRUITMENT OF POST GRADUATE TEACHERS FOR
    NON.GOVT. AIDED HIGHER SECONDARY SCHOOLS OF ODISHA
     TimeAllowed:2Hours                                             Moximum Marks: 750

                       : INSTRUCTTONS TO CANDIDATES:

I       IMMEDIATELYAFTER THE COMMENCEMENT OF THE EXAMINATION,
        YOU SHOULD CHECK THAT THIS TEST BOOKLET CONTAINS 20 PAGES
        AND DOES NOT HAVE ANY UNPRINTED OR TORN OR MISSING PAGES
        OR ITEMS ETC. IF SO, GET IT REPLACED BY A COMPLETE TEST
        BOOKLET.

2.      You have to enter your Roll No. on the Test
        Booklet in the Box provided alongside. DO
        NOT write anyhing else on the Test Booklet.

3.      The Test Booklet contains 100 questions. Each question comprises four options. You
        have to select the correctanswerwhichyouwantto mark(darken) onthe OMRAnswer
        Sheet. In any case, choose ONLY ONE answer for each question. If more than one
        answer is darkened, it will be considered wrong.

4.      You have to mark (darken) all your answers only on the OMR Answer Sheet using
        BLACK BALL POINT PEN provided by the State Selection Board. You have to do
        rough work only in the space provided at the end of the Test Booklet. See instructions
        in the OMRAnswer Sheet.
5.      All questions carry equal marks. While 1.5 marks will be awarded for each correct
        answer, each.wrong answer will result in negative marking of 0.50 mark.
6.      Before you proceed to mark (darken) the answers in the OMR Answer Sheet to the
        questions in the Test Booklet, you have to fill in some particulars in the OMRAnswer
        Sheet as per the instructions in yourAdmit Caxd.

7.      On completion of the Examination, you should hand over the original copy of OMR
        Answer Sheet issued to you to the Invigilator before leaving the Examination Hall.
        You are allowed to take with you the candidate's copy (second copy) of the OMR
        Answer Sheet along with the Test Booklet for your reference.



         Candidate's full signature                           Invigilator's signature
                                                                                        P.T,O.
Odisha SSB PGT 2023 question paper, Post Graduate Teacher recruitment for non-government aided higher secondary schools, Commerce, page 2 of 20
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I    There is a great demand for reservation injobs for.economically weaker sections ofthe
     society. Identifu the type of dimension of business environment mentioned.
     (A) 'Technological Environment                (B) Political Environment
     (C) Legal Environment                         (D) Social Environment
2.   A business has to offer a wider choice in purchasing enhanced.quality of goods and
     services in order to maintain an edge over its competitors. The implementation of the
     new economic policy with liberalisation, privatisation, and globalisation has posed
     various challenges for the corporate sector. One of the important challenges is explained
     in the above lines. Identify it.
     (A) Increasing competition                    (B) More demanding customers
     (C) Necessity for change                      (D) Market orientation
J    According to a report by the India Staffing Federation (lSF), India has emerged as the
     Fifth largest market worldwide in Flexi-staffrng in 2018 and the country would have a
     6.1 million Flexi-workforce by 202l.It showed that Haryana, Gujarat, Kamataka,
     Madhya Pradesh, and Telangana are the states with high growth potential for Flexi-
     staffing, but Andhra Pradesh tops the list of states with favourable business
     environments. Identiff the features ofthe business environment being discussed above.
     (A) Relativity                                (B) Dynamic nature
     (C) Uncertainty                               (D) [nterrelatedness
4.   According to the World Health Organisation,39%o of adults are overweight. Over the
     last 40 years, the prevalence of obesity has tripled around the world. With over half of
     consumers drinking at least one sugary drink on a given day, regulations towards the
     beverage sector are likely to become increasingly onerous. In the U.K., for example, a
     sugar tax was introduced in 2018 on beverages containing more than 5o/o sugar.Identiff
     the related dimensions of the business environment.
     (A) Legal dimension and Social dimension
     (B) Social dimension and Technological dimension
     (C) Technological dimension and Legal dimension
     (D) Political dimension and Technological dimension
5.   Read the following statements ofAssertion (A) and Reason (R) and choose the correct
     alternative:
     Assertion (A) -Economic uncertainty, low brand loyalry and market division and
     subdivision are just a few symbols that can be used to define the business environment.
     Reason (R) - Business environment is getting dynamic where changes are taking place
     at a slow pace.
     (A) Both A aird R are correct
     (B) A is correct R is incorrect
     (C) Both A and R are correct and R is the correct explanation of R
     (D) Both A and R are correct and R is not the correct explanation of R

Commerce (Code : 04)                          2                                      Contd
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a




  6.        consider the following statements and identi& the right ones.
            i. The 1980 industrial policy emphasized "economic federalism,,
            ii. Liberal license policies were advocated for agro-based industries
            (A) i only                                    (B) ii only
            (C) both                                      (D) none
  7.        Which of the following is not an organization working for consumer protection?
            (A) Consumer VOICE                (B) Consumer forum
            (C) The bureau of Indian standard (D) Consumer utility & trust society
  8.        which of the following statements is true about liberalisation?
            (A) It involves the reduction of government controls and deregulation along with
                  greater autonomy for the private investments
           (B) [t refers to contracting some of the activities performed within the organisation
                 to third parties
           (C) Both a and b are correct
           (D) Both a and b are incorrect
 9-        Industrial policy resolution of l94g divided industries into:
           (A) 3 categories                              (B) 4 categories
           (C) 5 categories                              (D) 6 categories
 10. Assertion (A). The new Industrial policy was announced on July 24,1991.
           Reason (R). The new industrial policy was announced by the V.p.
                                                                              Singh Government.
           (A) Both (A) and (R) are true end (R) is the correct explanation of (A).
           (B) Both (A) and (R) are true but (R) is not the correct explanation of (A).
           (C) (A) is true but (R) is false.
           (D) (A) is false but (R) is true
 Il   '   Assertion (A)- Industrialisation of an economy is considered synonymous
                                                                                    with growth.
          Reason (R). The transfer of resources from agriculture to industry
                                                                               may be capital or
          labour or both.
          (A) Both (A) and (R) are true and (R) is the correct expranation of (A).
          (B) Both (A) and (R) are true but (R) is not the correct explanation of (A).
          (C) (A) is true but (R) is false.
          (D) (A) is false but (R) is true.
12. Match List-I with List-II and select the correct answer using the codes given below:
                List-I                        List-II
                (Term)                     (Qts application)
          a. Depreciation             I. Wasting assets
          b. Depletion               II. Intangible assets
          c. Amortisation            ru. Fixed assets
          d. Dilapidation             ry. Damage due to a building or other property during
                                           tenancy


Commerce (Code: 04)                                  3                                    P.T.O
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(A)   a bcd                                      (B)    abcd
           TIIII I IV                                       III I II IV

     (C) a b cd                                       (D) a b c d
           MIv II I                                       IIIIV I il
13. Which Indian accounting standard deals with Intangible Assets?
     (A) IndAS-l5                                     (B) IndAS-I8
     (C) IndAS-22                                     (D) IndAS-38
14. Match List I with List II and select correct answer using the codes given below:
     List-I                          List-II
     a. Endowment Fund I. Posted to the credit side of the income dnd expenditure
                                account
     b. Entrance Fee         II. Any income or loss adjusted inthe income and expenditure
                                account
     c. Sale of old assets III. Sometimes capitalized and sometimes treated as revenue
                                income
     d. Sale of newspaper IV. Permanent means of support

      (A) a b cd                                      (B) a b cd
          NIII II I                                       I II MIV
      (C) a b cd                                      (D)a b cd
          III TV I II                                     IIIIV II I
15. When the proprietor withdraws or takes away some goods from the business for his
      personal use or consumption, he records the withdrawals at
      (A) Silling price
      (B) Cost price
      (C) Selling price or cost price whichever is higher
      (D) Selling price or cost price whichever is lower
 16. What are the ways of creating secret reserves?
      l. By charging excessive depreciation
      2. By overvaluing stock in trade and goodwill
      3. ' BY suPPressing sales
      4. By showing a contingent liability as a real liability
      5. By grouping free reserves as creditors
      Select the correct answer using the codes given below:
       (A)      and5
            1,2,4                                      (B)
                                                        1,3,4 and 5

       (C) 2,3 ands                                    (D) 1,2and4

                                                  4                                    Contd
 Commerce (Code:04)
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t7     Match List I with List II and select correct answer using the codes given below:
         List-I                                  List-II
         a. Depreciation      I. Loss of usefulness arising from factors such as technological
                                  changes, improvement in production methods, change in market
                                  demand for the product etc.
         b. Depletion        II. Process of writing down the long-term investments in
                                  intangibles such as lease holds, patents, copyrights, trademarks
                                 etc.
        c. Amortization      III. Process of measuring and recording the exhaustion of natural
                                 resources such as ore deposits, oil wells, timber stands, quarries,
                                 etc.
        d. Obsolescence IV. Accounting process of converting the cost of fixed assets to
                                 expense:
        (A) a b cd                                     (B) a b cd
           IV III III                                        IIIryIII
        (C)ab cd                                       (D)a b cd
           IV III III                                      I IIMIV
 18' Match List-I with List-II and select the correct answer using the codes given below the
        lists:
          List-I                                                List_II
        (Particulars)                                         lSection)
       a. Liability of a partner for acts of the firm        I. Sec 3l
       b. Admission of a partner                             IJ. Sec. 25
       c. Retirement of apartner                             [I.Sec. 34
       d.Insolvency of a partner                             ry. Sec.32 .

       (A)       a b cd                               (B)a b cd
                 I IIIIIIV                                I IIIVTII
       (c)       abcd                                 (D)a b cd
                 ilIIIIIV                                  . il IryM
 19. which Indian accounting standard deals with Faiivatue
                                                                   Measurement?
       (A)       IndAS-103                   (B) IndAS-1ll
    (c) IndAS-12                             (D) Ind AS-l 13
20. A bought goods costing 2,00,000 and sold 4/5th
                                                   of goods for             Rs.2,50,000. Balance
       goods were taken over by B at cost less20%o.
                                                        Find out profit on venture:
       (A) Rs.82,000                                 (B) Rs.90,000
       (C) Rs.50,000                                 @) Rs.72,000
Commerce (Code: 04)                             5
                                                                                          P.T.O
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21. Mr. Aissued several cheques totalling Rs.20,000 in March 2022 out of which cheques
     worth Rs.5, 000 only were presented for payment by 31st March, 2022. Balance as per
     pass book was Rs.25, 000. what would be balance as per cash book?
     (A) Rs.5,000                               (B) Rs.10,000
     (C) Rs.15,000                                  (D) Rs.20,000
22. The opening inventory ofthe current year is overstated by Rs.5,000 and closing inventory
     is overstated by Rs.12,000. These errors will cause the net income for the current year
     by:
     (A) Rs.17,000 (understated)                    (B) Rs.17,000 (overstated)
     (C) Rs.7,000 (overstated)                      (D) No effect in net income
23. Which of the following differences between Cost accounting and Management
      Accounting is not conect?
      (A) The purpose of Cost Accounting is the ascertainment of cost but the purpose of
           ManagementAccounting is to provide information to the management for decision
           making.
      (B) The reports of the Management Accounting are useful both to the internal and
           extemal parties whereas that of CostAccounting are useful only for the internal
            parties.
      (C) Cost Accounting data are derived basically from financial accounts whereas
          ManagementAccounting data are derived from both Cost Accounts and Financial
          Accounts.
      (D) CostAccounting is mainly concerned with short-term planning but Management
          Accounting is concerned with short term as well as long term planning.
24. Match the following:

      A. Price variance                I. Measures the difference between the actual quantity
                                           of materials used and the standard quantity allowed
                                           for the actual level of outPut-
      B. Quantity variance             II. Measures the difference between the actual cost of
                                           materials used and the standard cost of the actual
                                          quantity of materials used-
       C. Material cost variance        lll.Measures the differonce between the actual price
                                            paid fqr materials-and the standard price specified
                                            for the actual quantity of materials purchase'
       D. Labour efficiencY variance    IV.Measures the difference between the actual hours
                                             worked and the standard hours allowed for the
                                           actual level of outPut.
       (A) A-III, B-II, C-I, D-IV                    (B) A-III, B-I, C-lI, D-IV
       (c) A-II, B-I, C-III, D-IV                    (D) A-III, B-I, C-lV, D-I
                                                b                                       Contd.
 Commerce (Code:04)
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25. A manufacturing enterprise monthly consumes 1,350 units of raw material at the cost
        of Rs. 20 per unit. Determine its economic order quantity given the annual ordering
        cost of Rs. 2,400 and carrying cost of inventory being 30 percent of the price paid.
        (A) 3,600 units                                (B) 2,400 units
        (C) 4,800 units                                (D) 2,700 units
 26. From the following information about a firm, what will be the contribution to sales (c/s)
        ratio and the profit?
        Sales    : t 100,000
        Fixed Cost: { 20,000
        Break-even Point: t 40,000
        (A) C/S: 25Yo and Profit: (60,000 (B) c/s: 50% andprofit: (60,000
        (C) C/S : 50o/o and Profit: {30,000 (D) C/S: 60% andprofit: (30,000
27   . Product A requires 10 kg of material at the rate of Rs. 5 per kg. The actual consumption
        of material for the manufacturing of product A comes to l2kgof material at the rate of
        Rs. 6 per kg. Direct material cost variance is
        (A) Rs.22  (favourable)                       (B) Rs.22 (unfavourable)
        (C) Rs. 12 (favourable)                        (D) Rs. 12 (unfavourable)
28- Calculate cost of sales from the following:
        Net Work cost: Rs. 2,00,000
        Office & Administration Overheads: Rs. 1,00,000
        Opening stock of WIP: Rs. 10,000
        Closing Stock of WIP: Rs. 20,000
        Closing stock of finished goods,: Rs. 30,000
        There was no opening stock of finished goods.
        Selling overheads: Rs. 10,000
       (A) Rs.2,70,000                                 (B) Rs.2,80,000
       (C) Rs. 3,00,000                                (D) Rs.3,20,000
29. Calculate the value of closing stock from the following according to FIFO method:
        lst January 2022: Opening balance: 50 units @ Rs. 4
       Receipts:
       5th January 2022:100 units @ Rs. 5
       l2th January 2022:200 units @ Rs. 4.50
       Issues:
       2nd January 2022:30 units
       l8th January 2022:150 units
       (A) Rs.765                                      (B) Rs.805
       (C) Rs.786                                      (D) Rs.700

Commerce (Code : 04)                            7                                      P.T.O
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30    Which of the following statements is/are correct?
      l.    A materials requisition note is used to record the issue of direct material to a
            specific job
      2.    A typical job cost will contain actual costs for material, labour and production
            overheads, and non -production overheads are often added as a percentage of
            total production cost
      3. The job costing method can be applied in costing batches
      (A) (l) only                            (B) (1) and (2) only
      (C) (l) and (3) only                    (D) (2) and (3) only
31.   A job is budgeted to require 3,300 productive hours after having25% idle time. If the
      total labour cost budgeted for the job is Rs36,300. What is the labour cost per hour ( to
      the nearest cent)?
      (A) Rs 8.25                                   (B) Rs 8.80
      (C) Rs 11.00                                  (D) Rs 14.67
32    A company manufactures a single product for which cost and selling price data are as
      follows:
      Selling price per unit - Rs. 12
      V.ariable cost per unit - Rs. 8
      Fixed cost for a period - Rs. 98,000
      Budgeted sales for a period - 30,000 units
      The margin of safety, expressed as a percentage of btidgeted sales is:

             I
      (A) t8 1% or 18.33%                           (B) 2s%
      (c) 73%                                       (D) t2s%
33.                 is a summary of all functional budgets in a capsule form.
      (A) Functional Budget                         (B) Master Budget
      (C) Long Period Budget                        (D) Flexible Budget
34. Following information is available of XYZ Limited for quarter ended June,2023
      Fixed cost Rs.5,00,000
      Variable cost Rs.l0 per unit
      Selling price Rs. 15 per unit
      Output level 1,50,000 units
      What will be amount of profit eamed during the quarter using the marginal costing
      technique?
      (A) Rs.2,50,000                          (B) Rs. 10,00,000
      (C) Rs.5,00,000                               (D) Rs. 17,50,000

Commerce (Code: 04)                             I                                       Contd.
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35.    FollowingffirmationisavailableofPQRforyearendedMarcb"2D3:4,000unitsinprocess,
        3,800 units output,lDyoofinput is normal wastage, Rs. 2.50 perunit is scrap value and Rs.
        46,000 incurred towards total process cost then amount on account ofabnormal gain to be
        transferred to Costing P&L will be:-
       (A) Rs.2,500                                     (B) Rs.2,000
       (C) Rs.4,000                                     (D) Rs.3,500
36     Inthe element-wise classificationofoverheads, whichone ofthe following is not included?
       (A) Fixed overheads                              (B) Indirect labour
       (C) Indirectmaterials                            (D) Indirectexpenditure
37.    The theorist that advocated standard methodology for doing a task and suggesed that workers
       were motivated by pay according to output (piecework) is
       (A) EltonMayo             (B) MaxWeber
       (C) FrederickMnslowThylor @) HenriFayol
38     Which ofthe following tests measure an individual's ability to leam a givenjob, when adequate
       training is givenand do nottestthe knowlgdge orproficiency possessed by the individual?
       (A) Interesttests                                @) Achievementtests
       (C) Situationaltess                              (D) Aptitudetests     .

39     Whichofthefollowingtechniquesofdownsizingdoesanorganizationadoptwhenthedemand
       for their products or services comes down, and the supply cannot be maintained at the
       exising levels?
       (A) Ouplacement                                  (B) Leaveofabsencewithoutpa
       (C) Worksharing                                  (D) t^ay-offs
40.    Which one of the following is the taining technique which duplicates the actual work
       environment?
       (A) ComputerModelling                            (B) hogmmmedinstuction
       (C) Intemship                                    (D) VestibuleTraining
4t     Many big organisations maintain a close liaison with the universities, vocational schools, and
       management institutes to recruit qualified personnel for various jobs. This is known as


       (A) Placement agencies and management consultants
       (B) Directrecruitrnent
       (C) Labourcontactors
       (D) Campusrecruitnent
42.             suggested the product, pricing, place, and promotions in the company represent
       the "Market Mix" or "Marketing Mix,?
       (A) PhilipKofler                                (B) NeilBorden
       (C) KevinlaneKeller                             (D) GeraldZaltnan

Commerce (Code : 04)                              9                                          P.T.O
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43. Working capital requirements are lowwhen anorganisationhas-
     (A) hightechnolory                             (B) highdebtors'
     (C) highinventory                              (D) highcreditors
44. In deciding the appropriate level of current assets for the firm, management is confronted
     with -
     (A) a trade offbetween profitability and risk
     (B) a trade offbetween liquidity and profitability
     (C) a trade offbetween equity and debt
     (D) a trade offbetween short term versus long term burrowing
45 . Given below are two statements -one is labelled as Assertion A and the other is labelled
      as Reason R:
      Statement I: Distribution channels are sets of interdependent organisations participating
      in the process of making a product available for consumption.
      Statement tI : All marketing channels have the potential for conflict and competition
      resulting from goal incompatibility.
      In the light of the above statement, choose the most appropriate answer from the options
      given below:
      (A) Both statement I and statement I[ are true
      (B) Both statement I and statement II are false
      (C) Statement I is true but statement II is false
      (D) Statement I is false but statement II is true
46. Insurance is best suited to risk with
      (A) high frequency and low loss severity.
      (B) low frequency and high loss severity.
      (C) minimum frequency and no loss severity.
      (D) high frequency and high loss severity.
47. Gang plank is concemed about
    (A) Contact not allowed                   (B) Direct contact
    (C) Indirect contact                      (D) Contact before application
48. Following are the steps followed by finance manager in procurement of a loan for
      working capital. Arrange them in a proper sequence.
      A. Co-ordinating the verification of assets
      B. Submission of loan proposal
      C. Estimation of working capital requirements.
      D. Creation of charge on assets
      E.    Document execution
      Choose the correct answer from the options given below:
      (A) A,D,B,C,E                                  (B) C,B,A,E,D
      (c) A,B,E,C,D                                  (D) B,A,E,C,D
Commerce (Code: 04)                             10                                      Contd.
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49   . Which ofthe following is NOT a source ofworking capital?
        (A) Commercialpaper                         (B) Bankoverdraft
        (C) Discountingofbills                      (D) Unsecured term loans
 50. Which measure ofdispersion does not have the unit ofmeasurement:
     (A) Range                                        (B) Standarddeviation
     (C) CoefficientofVariance (D) Meandeviation
 51. Forasymmenicaldisnibution:
     (A) Mean=0                                       (B) Median=0
     (C) Mode = 0                                     (D) Skewness = 0
 52. Graph ofvariables having linear relation will be :
         (A) Curved                                      (B) Hyperbola
         (C) Staightline                                 (D) Verticalline
53. Whenthe available population is              . we use a statified sample.

    (A) Unknown                                          (B) verylarge
         (C)                                             (D) heterogeneous
 54. Homogeneous subsets inthe sampling are called:
         (A) Clusters                                   (B) Samples
         (C) Samplesizes                                (D) Stata
55    . Name the graphical method which helps us to investigate the dispersion?
        (A) KinkedCurvemethod (B) Meandeviation
        (C) Standarddeviation                         (D) LorenzCurvemethod
56. Find the value ofthe third quartile when the first quartile is 104 and the quartile deviation is 8.
         (A) 136                                        (B) 146
         (c) 120                                        (D) 130
57   . Which one ofthe following statements about the correlation coefficient is correct?
         (A) The correlationcoefficientis unaffected by scale changes.
         (B) Both the change of scale and the change of origin have no effect on the correlation
         coefficient.
         (c) The correlation coefficient is unaffected by the change oforigin.
         (D) Thecorrelationcoefficientiszeroto infinite.
58. Whatis the value ofthecorrelation coefficient ifthe coefficientofdetermination is 0.gl ?
    (A) Mustbepositive                              (B) 0.656
    (C) Either+0.9or-0.9                            (D) Mustbenegative
59. Which ofthe following is defined as the rule or formula to test a Null Hypothesis?
    (A) Teststatisric                               (B) populationstatisic
    (c) variance statistic                          (D) Nulr statistic
Commerce (Code : 04)                           11                                              p.T.O.
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60. Assertion: Aone-tailed (one-sided) test is used when the alternative hypothesis predicts a
         difference or change in a specific direction.
         Reason: Aone-tailed test provides more statistical power compared to a two-tailed test.
         (A) Both the assertion and reason are true, and the reason is the correct explanation of the
               assertion.
         (B) Boththe assertion andreasonare true, butthe reason isNOT the correct explanation
               ,ofthe assertion.
         (C) The assertion is true, but the reason is false.
         (D) The assertion is false, but the reason is true
 . Using a goodness-of-fit test, we can assess whether a set of observed frequencies differ from
61
    a set of_      frequencies
    (A) Mean                                       (B) Actual
    (C) Predicted                                  (D) Expected
62. A manbuys Rs. 20 preference shares payngg/odividend. The manwants to have an interest
         of l2Yo on his money. The market value ofthe share is:
         (A) Rs. 12                                           (B) Rs. 15
         (C) Rs. l8                                           (D) Rs.21
63. A man invested Rs. 4455 in Rs. l0 shares quoted at Rs. 8.25. Ifthe rate ofdividend k lzoh,
         his annual income is:
         (A) Rs.207.40                                        (B) Rs.534.60
         (C) Rs.648                                           (D) Rs.655.60
64. With respect to a bill ofexchange, which ofthe following statemsnts are correct?
    (r) A bill of exchange can be passed on to another person by endorsement.
    (i) Endorsementonabillofexchange is madeexactly as itis done inthe case ofacheque.
         CrD The primary liability on a bill ofexchange is that ofthe acceptor.
         G") Ifthe acceptor does not pay, a holder cannot recover the amount from any ofthe
               previous endorsers orthe drawee
         (A) (i), (ii), (iii) and (iD                         (B) (i) and (ii)
         (C) (i),(ii)and(iii)                                 (D) (ii)and(iii)
65. If log 2 = 0.3010 and log 3 =0.4771,the value of lo96 is:
    (A) 0.7781                                    (B) 7.7781
         (c) 3.8762                                           q) 3.et2o
66. Rs. 2 I 00 is lent at compound interest of S%oper annum for 2 years. Find the amount after
     .   two years.
         (A) Rs.2300                                          (B) Rs.23l5'25
         (C) Rs.2310                                          (D) Rs' 2320

Commerce (Code : 04)                                     12                                   Contd.
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67. Find the compound interest on Rs. 1000 at the rate of2lYoper annum for 18 month when
      interest is compounded half yearly.
      (A) Rs.33l                                     (B) Rs. 1331
      (C) Rs.320                                     (D) Rs.32s
 68. Considerthefollowingstatements:
      I IfA= {x: xisanevennaturalnumber) andB = {y: yisanatural number},AzubsetB.
      II: Number of subsets for the given setA = (5,6, 7, 8) is 15.
      III: Number of proper subsets for the given setA = (5, 6, 7, 8) is 15.
      Which ofthe following statement(s) iVare correct?
      (A) I and II                                   (B) tI and III
      (C) I and III                                  (D) 4. None ofthe above
 69. IfAis a square matrix oforder 3 and lAl = 5, thenthe value of lZa'l is
     (A) - 10                                       (B) l0
      (c) -40                                        (D) 40
       2
70.    I0 *2 d*=
                                                            z
      (A) 2                                          (B)
                                                            3

                8                                           4
      (c)                                            (D)
                3                                           3

           2
7t. If J 2x dx = (x) + C, then (x) is:
      (A) 2'                                         (B) 2'log_2
                    2x                                      2x+l
      (c)
                log"2                                (D) x.l       .



72.   If oPs = 6on- lPr,the value of n is :
      (A) 6                                          (B) l0
      (c) 12                                         (D) t6
73    The number of squares that can be formed on a chessboard is:
      (A) 64                                         (B) 160
      (c) 204                                        (D) 224
74    which ofthe following is not an assumption according to theory X,
      (A) Employees inherenfly dislike work and, wlrenever possible will attempt to avoid it.
      (B) Since employees dislike work, they must be coerced, controlled, or threatened with
               punishment to achieve goals.


Commerce (Code : 04)                            13                                    P.T.O
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(C) Employees will avoid responsibilities and seek formal direction whenever possible.
        (D) Most worliers place self-actualisation above all other facto(s associated with work
              and are highly ambitious.

75   . Grapevine is another teim used to describe   :


       (A) Formalorganization                            (B) Informalorganization
       (C) Productorganization                           (D) Projectorganization
76. Contingency theory of leadership are based on the beliefthat     :


    (A) There is no single style ofleadership appropriate to all situations
    (B) There isa single style ofleadershipappropriateto all situations
    (C) There isa single style ofleadership appropriate to all managers
    (D) it is an autocratic style of leadership
77   . Company policy, administatiorL supenrisiorq interpersonal relations, working conditions, and
        salary are characterized as:

        (A) Achievementfactors                           (B) Growthfactors
        (C) Motivatingfactors                            (D) Hygienefactors
78   . What comprises the decoding stage of the communication model?
        (A) Perception;retention.
        (B) Attention;perception;retention
        (C) Receiving; processing and stonng information
        (D) Shorttermmemory; decoding; longtermmemory.
79. Which ofthe following theories does say that 'motivation alone cannot ensure successful
        performance of a taik, the employee should have a clear perception of his role and the
        required skills and abilities' ?

        (A) fuuitytlreory                                (B) ThePorter-Lawlermodel
        (C) Attibutiontheory                             (D) Thecontinuummodel
8.0 According to Blake and Moutons' managerial gd{ which ofthe following managerial styles
        is known as 'organizational management?'

         (A) Impoverishedmanagement (B) Middleoftheroadmanagement
         (c) countyclubmanagement (D) Teammanagement

                                                    14                                      Contd
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. The decision which is taken within the purview of the policy ofthe organization is_.
81


    (A) Programmeddecision (B) Non-programmeddecision
    (C) Majordecision                             (D) Minordecision
82. _is        primarily concerned withthe identification ofthe project demand potential and
     the selection ofthe optimal technolory.

      (A) Techno-economicanalysis (B) Feasibilityanalysis
      (C) Inputanalysis           (D) Finarrcialanalysis

     perceived high reward projects.

     (A) Fixedcapital                               (B) Currentcapital
     (C) Seedcapital                                (D) Venturecapital
84. Asrnalrnanufacturingenterpriseisoneinwhichthema,ximurninvesfinentinplantandnrachirrry
     is_
     (A) 2 crores                                   (B) 5 crores
     (C) l0 crores                                  (D) 50 crores
85. Identify the correct sequenoe ofthe steps involved inthe staffing process.
    (A) Recruitnent, Estimating the Manpower Requirements, Placement and Orientation"
           Selection                                      .


     (B) Estimating the Manpower Requirements, Selection, Placement, and Orientation,
     '     Recruitment

     (C) Selection, Estimating the Manpower Requirements, Recruiftnent, Placement, and
           Orientation

     (D) Estimating the Manpower Requirements, Recruitment, Selection, Placement, and
           Orientation

86. In line organisation, business activities are divided into following three types -
    (A) Accounts, Production, Sales                (B) production, euality, Sales
    (C) Production, Quality, Maintenance (D) Production, Maintenance, Sales


Commerce (Code: 04)                            15                                    P.T.O.
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87   . Under which ofthe following conditions can a proposal be revoked according to the Indian
        ContractAct 1872?

        A. By the communication ofnotice ofrevocation by the proposerto the otherparty
        B. By the failure ofthe acceptorto fulfil acondition ofproposal
        C. By the deathor insanity ofthe proposer
        D. By the lapse ofthe time prescribed
        E. By notice ofrevocationafterthe acceptance is communicated.
        (A) A, B and D only                          (B) B, C, D and E only
        (C) A, B, C and D only                       (D) AllA, B, C, D, E
88      Under which section oflndian Contact Actl872 is 'Contingent Contract defined?
        (A) Section32                                     @) Section3l
        (C) Section3T                                     @) . Section3g
89      Given below are two statements: one is labelled as Assertion(A) and the other is labelled as
        Reason(R)
        Assertion: Acontract made under coercion is voidable at the option ofthe party whose
        consent was so obtained.
        Reason: Coercion renders contract void ab initio.
        In the light of the above statements, choose the most appropriate answer from the
        options given below:
        (A) BothAssertion and Reason are true, and Reason (R) is the correct explanation of
              Assertion (A)
        (B) BothAssertion and Reason are tue, and Reason (R) is not the correct explanation
            ofAssertion (A)
        (C) Assertion (A) is True, but Reason (R) is False                            )

        (D) Assertion (A) is False, but Reason (R) is True
90.     Which of the following is the odd one out?
        (A) Specific goods                                (B) Un-ascertained goods
        (C) Future goods                                  (D) Ascertained goods
91.     Match List I with List II:
        List I-Legal Latin Phrase                         List II - Description
        (A)   Consensus ad idem               (r)        Something in return
        (B)   Quid pro quo                    (ID        As much as earned
        (c)   Quantum meruit                  (ID        Buyerbeware
        (D)   Caveate emptor                  GV)        Meeting of minds
                                                                                              a



Commerce (Code : 04)                                16                                      Contd
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Choose the correct answer from the options given below:

     (A) (A) - (l), (B) - (rrr), (c) - (N), (D) - (II)
     (B) (A) - (N), (B) - (l), (C) - (r), (D) - (m)
     (c) (A)-(ll), (B) (l), (c) - (m), (D) - (IV)
     (D) (A) (r), (B) - (IV), (c) - (II), (D) - (lII)
92. [n case ofawarranty, the buyer can:
     (A) Repudiatethecontact                            (B) Claimdamagesonly
     (C) Retumthegoods                                  (D) Refusetopaytheprice
93. Surety stands discharged:
     (A) by an agreementbetweenthe creditorandthe principal debtor
     (B) by an agreement between the creditor & a third party for'not to sue the principal
           debtor

     (c) both(A) & ((B) above

     (D)   Neither ((A) nor ((B).

94    $ssllsn            of Indian contactAct defines a contact of Indemnity.

     (A) Section 127                                    (B) Section 124
                -
     (C) Section 125                                    (D) Section 130
95. Bailmentmeans
     (A) The goods delivered to bi retumed by way of an equivalent in other commodities
     (B) The goods deliveredto be retumedby way ofanequivalent inmoney
     (C) The goods is delivered by one person to another for some purpose to be specifically
           returned or otherwise disposed ofasperthe orderofthe bailor

     (D) The goods are delivered on payment of cash
Commerce (Code : M)                              17                                   P.T.O.
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a




    96. Commodatum is a one type of Bailrrrent in which
             (A) no consideration is charged                  (B) considerationischarged
             (C) expenses are reimbursed                      (D) counterofferismade
    97   .   Which one ofthe following statements is incorrect?


             (A) An agency relationship may be createdthroughnecessity.
             (B) An agency relationshipmay be createdthrough estoppel.
             (C) All agents are entitled to be paid fortheir services.
             (D) An agent creates a legal relationship benreen a third party and a principal.
98           X Ltdhastwodirectors, Jai andHarish. Neitherofthedirectorshaveauthority to individually
             enter contacts on behalfofthe company. In practice, Jai (with Harish's acquiescence) enters

             into all the contacts onbehalfofthecompany. Whattypeofagencyhasbeencreatedwhen
             a third party acting in good faith enters into a contract with Jai who states he is acting
                                                                                                          on
             behalfofXLtd?

             (A) Anexpressagency.                            (B) Anagencybyestoppel.
             (c) Anagencybyratification. (D) Anagencyofnecessity.
gg. Which is not a feature ofa partrership business?
             (A) Easeofformation                             (B) Limitedliabiliry
             (C) Limitedlife                                 (D) Mrsualagency
I   00. Which ofthe partnership firm's accounts cannot record rent paid to partrrers?

             (A) DepreciationAccount                         (B) ExpensesAccount
             (C) Profit&LossAccount                          (D) SalaryAccount




Commerce (Code:04)                                      18                                       Contd.
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SPACE FOR ROUGH WORK




Commerce (Code:04)            19            P.T.O
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SPACE FOR ROUGH WORK




Commerce (Code: O4)              20          -c
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Source: State Selection Board. Question paper published by State Selection Board.

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