SSB Odisha Lecturer 2016: Lecturer recruitment for non-government aided colleges, Commerce
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DO NOT OPEN THIS TEST BOOKLET UNTIL YOU ARE ASKED TO DO SO
Subject Code No. : 25 Sl. No. :
818 3
TEST BOOKLET
LECTURERS IN NON.GOVERNMENT
AIDED COLLEGES
goMMERCE
TimeAllowed:2Hours Maximum Marks: 100
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I71
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co - 5/16 (Tum over)
futr
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UNIT - I (C) Deferred revenue exPenditure
1 When the debt tumover ratio is 4 what (D) None of the above
is the average collection period ?
6 How are the following itemrg grranoed
(A) 3 months tl re Balance
in the Liabilities side of
(B) 4 months
Sheetof the comPan'il
(C) 3 months
(D) 2 months
(i) 9-rrrJnt tiabitities and
provisions
2. lncome and ExpenditureAccount of '- (ii) Secured loans
the non-profit organisation is a :
(iii) Share capital
(A) RealAccount (iv) Unsecured loans
(B) NominalAccount (v) Reserve and surplus
(C) Person (A) (i) (iii) (ii) (iv) (v)
(D) Repre onal (B) (iii) (i) (ii) (iv) (v)
Account
(c) (iii) (v) (ii) (iv) (i)
3 What Oog*{fre high payout ratio (D) (iii) (v) (ii) (i) (iv)
indicete ?
7 Which of the following is nota typical
A higherearnings pershare
,(A) cash flow underfinancing activities ?
,:(B) The management is not (A) Cash inflowfrom sale of equity
ploughing back enough profit
(C) The management ploughing securities
back profit (B) Cash inflowfrom sale of bonds
(D) The company earning high (C) Cash outflow for payment of
profit amounts borrowed
4 Objective of com parative statement
(D) Cash outflowfor loans to other
entities
is:
(A) To observe the trend 8. Management should not use the
(B) To make the data simple and statement of cash flows forwhich of
understandable the following purposes ?
(C) Helps in forecasting (A) To determine dividend policy
(D) Allof the above (B) To determine cash flow from
5 lnsurance expenses paid to bring the financing activities
machine from the place of purchase (C) To determine the balance in
to the place of lnstatlation is : accounts receivable
(A) Capitalexpenditure (D) To determine cash flow from
(B) Revenueexpenditure operations
co - 5/16 (2) Contd
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o Margin of safety is calculated by 60% complete on hand at the start
using : and 600 units 75% complete at the
Profit end of the period. How many units
(A)
P / V Ratio were completed ?
Fixed Cost (A) 6,750
(B)
Contribution (B) 6,850
(c)
Break Even Analysis (c) 7,050
Sales
(D) 7,150
Profit
(D)
Sales 14. The document which describes the
budgeting organisation, producers
10. Which of the following ratio are taken
into consideration by a banker before etc., is known as :
the sanctioning the loan ? (A) Budget centre
(A) Proprietary ratio (B) Principalbudgetfactor
(B) Stockturnoverratio (C) Budget manual
(C) Debt-equity ratio
(D) Zero budget
(D) Allof the above
11. lf the total cost is Rs. 260 and the 15. Standard price of material per kg. is
totalvariable cost is Rs. 60, whatwill Rs. 20, standard consumption per
be the total fixed cost if output is unit of production is 5 kg. Standard
(a) 100 units and (b) 200 units ? material cost for producing 100 units
(A) Rs.200 and Rs.200 is:
(B) Rs. 100 and Rs. 200 (A) Rs.20,000
(C) Rs. 260 and Rs. 100 (B) Rs. 12,000
(D) Rs. 160 and Rs. 100
(C) Rs. 15,000
12. The profit calculated by marginal (D) Rs. 10,000
costing is different because of :
(A) Capitaland Revenue 16. Which method of costing is used in
(B) Opening Stock mass production industries ?
(C) Valuation of Stock (A) Job costing
(D) Closing Stock
(B) Batch costing
13. ln a factorythe equivalent production (C) Contract costing
(using FIFO method) was 7,000 units
during a period which was 500 units (D) Process costing
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17. ln process costing cost per unit UNIT - II
increased because of : 21. The publication of finalaccounts and
(A) Normalloss statements is compulsory for :
(B) Abnormalloss (A) Sole Trader
(C) Normalgain (B) Partnership Firm
(C) Joint Stock Companies
(D) Abnormalgain
(D) Allof the above
18. PA/ ratio is 0.6 and marginal cost of
22. Which of the following is not a kind of
production is Rs. 20, the selling price
leadership style ?
is:
(A) Autocratic Leadership
(A) Rs.40 (B) ParticipativeLeadership
(B) Rs.60 (C) Likert Leadership
(C) Rs.50 (D) Free-reinLeadership
(D) Rs.80 23. Path Goal Model of Leadership is
19. A process loss that does not affect basically a combination of the
following:
the cost per unit is :
(A) Abnormalloss (A) Situational Leadership
(B) Normalloss (B) ConditionalLeadership
(C) Standard loss (C) SuccessfulLeadership
(D) Seasonalloss (D) EffectiveLeadership
24. lnwhichyearFEMAActwaspassed ?
20. lndicate which of the following
statment is true :
(A) 1e6e
(A) ltisoptionalforthecompanyto
(B) 1e73
have Financial Accounting.
(c) 2002
(B) Management Accounting (D) l eee
Report are public documents. 25. Theword'Communication' has been
(C) FinancialAccounting istailored derived from the Latin word :
to the specific need of the (A) Communes
management. (B) Commune
(D) ManagementAccounting lacks (C) Communicate
a single unified structure. (D) Common
co - 5/16 (4) Contd.
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26. 'Criticism'is matched with one of the 31 . The calculation of probable events to
following statement: provide against the future is termed
(A) UpwardCommunication AS:
(B) DownwardCommunication (A) Forecasting
(C) Horizontal Communication (B) Programming
(D) Lateral Communication (C) Recording
(D) Searching
27. Alderfer's ERG Theory is an
extension of :
32. Who has said'Planning is
fundamentally choosing' ?
(A) XYTheory
(A) Billy E. Goetz
(B) ZTheory (B) F. W. Taylor
(C) Need-HierarchyTheory (C) McFarland
(D) Vroom's ExpectancyTheory (D) EarlStrong
28. Which of the following is not 33. A plan which spells out specific
associated with McClelland's Need required actions or non-actions and
Theory? allows no discretion is known as :
(A) Power Motive (A) Strategy
(B) Affiliation Motive (B) Rule
(C) Achievement Motive (C) Objectives
(D) Perception Motive (D) Programme
29. TheoryZ is related to: 34. Which of the following is the oldest
form of organisational structure ?
(A) Leadership
(A) Committee Organisation
(B) Motivation
(B) MatrixOrganisation
(C) Communication
(C) Line Organisation
(D) Directing (D) FunctionalOrganisation
30. 'Premature Evaluation' and 35. The term span of management is also
'lnattention' is related to :
known as:
(A) PsychologicalBarrier (A) Span of Control
(B) Semantic Barrier (B) Span ofAuthority
(C) OrganisationalBarrier (C) Span of Supervision
(D) PersonalBarrier (D) Allof the above
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36. Centralisation is a : UNIT _ III
(A) NaturalTendency 41. Which of the following is related to
(B) RationalApproach non-probability sampling method ?
(C) PlannedApproach (A) Stratifiedsampling
(D) DemocraticApproach (B) Quota sampling
37. 'Motivation means a process of (C) Systematicsampling
stimulating people to action to (D) Cluster sampling
accomplish desired goals' this
definition is given by: 42. Which is the correct sequence
(A) George R. Terry regarding the relationship among the
(B) M. J. Jucius average ?
(C) Dalton (A) G. M. > H. M. >A. M.
(D) William G. Scoll (B) A.M.>H.M.>G.M.
38. The staffing functions of manage- (c) A.M.>G.M.>H.M.
ment precedes : (D) H. M. >A. M. > G. M.
(A) Planning
(B) Controlling 43. ln the case of open-end classes,
which method of Dispersion is
(C) Co-ordinating
preferred ?
(D) Directing
(A) Quartile Deviation
39. Which of the following is a principle
of direction ?
(B) Standard Deviation
(A) Principle of management (C) Mean Deviation
appraisal (D) Atlof the above
(B) Principle of management 44. What is the situation is a negatively
development
skewed distribution ?
(C) Principle of managerial
communication
(A) Mean is maximum, mode is
(D) Principle of job definition minimum
(B) Mode is maximum, mean is
40. Theory Z of motivation was
minimum
propounded by:
(A) William G. Ouchi (C) Median is maximum, mean is
minimum
(B) Victor H. Vroom
(C) David McClelland (D) Mode is maximum, medium is
la
(D) Fredrick Herzberg minimum
co - 5/16 (6) Contd
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45. What is the correct formula of 49. The Data of descriptive nature can
Absolute measures of skewness ? be classified according to the .
(A) SK=X-Z (A) Number
(B) Qr*Qz-2Median (B) Attributes
(C) Both (A) and (B) (C) Limits
(D) None of the above (D) Points
46. Which value of coefficient of 50. Which of the following is not
correlation describes as'no mathematicalaverage ?
correlation between two variables' ?
(A) ArithmeticAverage
(A) r=+1 (B) Geometric Mean
(B) r=-1 (C) Harmonic Mean
(C) r=oo (D) Median
(D) r=0
51. Rejecting the null hypothesis when it
47. Which one of the following formula is true is related to :
may be used for standard error ?
(A) S.E.=r-fdru (A) Correct decision
(B) S.E.=t-lAltt+t (B) Incorrect decision
(C) S.E.=t-fitt (C) Type- lerror
(D) S.E.=t+fdn (D) Type- llerror
48. Compute the value of A + B for the 52. Given average Mean is 20 and Mode
following matrices: is 18, find out Median :
o=
Ir o0l t= lz 131 (A) 20
l, 3 oi "no l'' 3 zl (B) 1e.33
P'' ,l (c) 18.50
(A)
13661 (D) 17.75
(B)
lz14l 53. Chi-square Test in statistics was
lu3 4l
introduced by:
(c)
ln4zl (A) William S. Gosset
lz 3 2l (B) R.A. Fisher
(D)
lt121 (C) Spearsman
lo65l (D) KarlPearson
co - 5/16 (7) (Turn over)
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54. ANOVA was introduced and 59. A statistical hypothesis have some
popularised by: assumptions or statements which
(A) William S. Gosset may or may not be true about a
(B) R.A. Fisher population or equivalently about the
probab ility d istribution characterising
(C) Spearsman
the given :
(D) KarlPearson
(A) Population
55. The hypothesis are generally tested (B) Data
at:
(C) Methods
(A) 5% levelof significance
(D) Problem
(B) 10% levelof significance
(C) 15% levelof significance 60. lf N = 15, ox = 3, oy = 3.03 and
(D) AIlof the above )dxdy = 122, the value of r will be :
(A) +1
56. ln the Regression equation Y = a + bx
is:
(B) +2
(A) DependentVariable (c) +3
(B) lndependentVariable (D) +4
(C) Y-intercept UNIT - IV
(D) Slope of line 61. Agreement is based on mutual
mistake can be said to be :
57. Which device is used to accom-
plished the procedures of regression (A) Voidable
analysis ? (B) Void
(A) Regression Curve (C) Wagering agreement
(B) Regression Table (D) None of the above
(C) Regression Line 62. When both the offerand acceptance
(D) Regression Graph constituting an agreement
58. Which ofthefollowing is nota method enforceable at law are made in
of studying correlation ? words spoken orwriteris known as:
(A) Scatter Diagram (A) lmplied contract
(B) Lorentz curve (B) Quasicontract
(C) ConcurrentDeviation (C) Express contract
(D) Method of least square (D) Executed contract
co-5/16 (8) Contd.
Text of page 9
63. When both the parties are under a (D) The price demanded by the
mistake, it is said to be : seller
(A) Mistake of law 67 . ln a sale, the property of goods :
(B) Bilateralmistake (A) ls transferred when goods are
(C) Mistake of fact delivered to the buyer
(D) Mistake of foreign law (B) May be transferred at a future
64. 'An agreement not enforceable by time
law is said to be void.' Name the (C) ls transferred to the buyer
Section of Contract Act, 1872: (D) Allof the above
(A) Section 2(g) 68. A contract of indemnity includes :
(B) Section 2(a) (A) Express promise
(C) Section 2(h) (B) Contract of indemnity
(D) Section 2(b) (C) lmplied promise to indemnity
65. lf unilateral mistake is caused by (D) Depending promise to
indemnity
fraud or misrepresentation in the
contract is said to be : 69. The numberof practices in a contract
(A) Void of sale are :
(B) Void ab initio (A) 1
(C) Voidable (B) 2
(D) Illegal (c) 3
(D) 4
66. lf a price is not determined by the
parties in a Contract of Sale, the buyer 70. The ownership of goods is
is bound to pay: transferred to the buyer in hire
(A) A reasonable price purchase:
(B) The price to be determined by (A) Afterthe down payment
third persons (B) Afterthe first instalment
(C) Thepricewhichthebuyerthinks (C) Afterthe last instalment
is reasonable (D) Afterthe contract
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71. Which one of the following is not an (d) Establishment
authorised activity of the merchant
of lDBl (iv) 1969
banker ?
ldentifythe correct combination :
(A) To underwriter issue of
securities (a) (b) (c) (d)
(B) To purchase and sellshares on (A) (i) (ii) (iii) (iv)
stock exchange (B) (ii) (iii) (i) (iv)
(C) To provides portfolio manage- (c) (iii) (ii) (iv) (i)
ment service (D) (ii) (iii) (iv) (i)
(D) To act as managers, consultant
and advisors for the issue of
75. Who is the fiscal agent and advisor
securities to Government in monetary and
financialmatters ?
72. Out of the following, which type of
credit rating is not in lndia ?
(A) NABARD
(A) Rating of government bonds (B) SBr
(B) Rating of debentures (c) RBr
(C) Rating of commercialpaper (D) None of the above
(D) Rating of chitfunds 76. Which one of the following is not a
73. Registration of credit rating agencies component of New lndustrial Policy,
in lndia is done by : 1991 ?
(A) Department of Company (A) lndustriallicensing
Affairs
(B) Foreignlnvestments
(B) Company Law Board
(C) MRTPAct
(C) Reserve Bank of lndia
(D) lndustrial Poticy Resolution
(D) SEBI
74. Match the following :
77 . What is the popular term for a person
of Swedish origin who investigates
(a) RBI
any administrative action on a
nationalization (i) 1964
complaint mode ?
(b) lmperialBank
(A) Arbitration
nationalization (ii) 1949
(B) Ombudsman
(c) Nationalization
of 14 commercial
(C) Underwriter
banks (iii) 1955 (D) None of the above
co - 5/16 (10) Contd.
Text of page 11
78. The term 'GOODS'for the purpose (C) To determine the primary
of Sale of Goods Act means every objective of economic policy
kind of movable property and it (D) Io help in widest extension of
includes: m ultilateral trade and payment
(A) Stock and share 82. Venture capital is also known as :
(B) Growing crops grass (A) Seed capital
(C) Both (A) and (B) (B) Start up capital
(D) None of the above (C) Green field capital
(D) Allof the above
79. Which one of the following is not a
financialservice ? 83. The National Commission was
(A) [\lerchant banker established in which year by the
CentralGovernment ?
(B) Leasing
(A) 1e88
(C) Stock broking
(B) 1eB6
(D) Securitisation
(c) 1e87
80. On which of the following grounds, a (D) l eee
partner may apply to the court for
84. Brettonwoods Conference which
dissolution of the firm ?
recommended the establishment of
(A) lnsanityof a partner IMF and World Bank in the year:
(B) Misconduct of a partner (A) 1e44
(C) Perpetuallosses in business (B) 1940
(D) Allof the above (c) 1e58
UNIT - V
(D) 1e64
81. Which of the following is not an 85. The macro environment of a business
objective of IMF ? does not include :
(A) Reconstruct and develop the (A) EconomicEnvironment
countries (B) RegulatingAgencies
(B) Promoteinternational monetary (C) DemographicEnvironment
co-operation (D) Technological Environment
co - 5/16 ( 11 ) (Tum over)
Text of page 12
86. Which of the following is not a 90. Match the items of List - I and
component of new lndustrial Policy, List- ll :
1991 ?
List-l List-ll
(A) lndustrialLicensing
(a) Totalinvestment (i) Capital-
(B) Foreign Investment
(C) MRTPAct in economy Output
(D) lndustrial Policy Resolution Ratio
87. From the following which one is not
(b) Production (ii) Output-
the advantage of globalization ? Man-
(A) lmprovedCommunication power
(B) Transportation facilities Ratio
improve (c) Demand (iii) Pro-
(C) Traffic barriers increase ductive
(D) lncrease investment option Wealth
88. Which of the following is not an (d) Employment (iv) Money
objective of MRTP ?
Supply
(A) To control and regulate the in
concentration of economic
System
power to the common
detriments
(a) (b) (c) (d)
(B) To control monopolies and (A) (iii) (i) (iv) (ii)
monopolist trade practices (B) (i) (iv) (ii) (iii)
(C) To regulate restrictive and (c) (iv) (ii) (iii) (i)
unfairtrade practices (D) (iii) (iv) (i) (ii)
(D) To regulate import and export
of currency and bullion
91. What is the sequence for finding
NDPMP ?
89. Consumer ProtectionAct came into
(A) GDPMP - lT + S
force in :
(A) 1e68 (B) GDPMP + Depreciation +
NFIA
(B) 1e80
(c) 1e86 (C) NNPMP + lT + S
(D) 1e7e (D) NNPMP - NFIA
co - 5/16 (12) Contd.
Text of page 13
92. Which one among the following is 95. Which of the following is not an
objective of Privatisation ?
not the salient feature of industrial
policy ?
(A) To reduce revenue forthe state
by selling its undertaking and
(A) Enormous expansion of the thereby bridging fiscal deficit
private sector (B) To reduce government inter-
ference in the economy and
(B) Limited exposure of lndian
promote greater private
industry to foreign competition initiative
(C) Redefining the role of public (C) To promote wider share
sector ownership and the develop-
ment of the capital market
(D) Pruning of the list of items (D) Io promote competition and
reserved for SSI units reward efficiency
93. Which of the following is true ? 96. Which among the following have not
(A) A consumer court set up under been opened for private sector
participation ?
the Consumer Protection Act,
does not have the power to (A) Power Sector
publish for its contempt. (B) TelecommunicationSector
(B) Professional services are (C) Education Sector
outside the purviewof the CPA.
(D) Railways
(C) Aconsumercourtcannotforce 97. Which of the following is the basic
a person indulging in mis- objective of the World Bank ?
leading advertising to confess (A) To provide socialservices
his quit. (B) To providefinancial assistance
(D) None of the above (C) To promote economic growth
(D) To eradicate poverty
94. The First lndustrialPolicy Resolution
came into force : 98. The draft Five-year plan in lndia is
approved by:
(A) April '1, 1948
(A) National Development Council
(B) April 1 ,1947
(B) PlanningCommission
(C) April6, 1948
(C) Cabinet Committee
(D) April6, 1947 (D) President of lndia
co-5/16 (13) (Turn over)
Text of page 14
99. Assertion (A) :The industrialgrowth (c) Assertion (A) and Reason (R)
in lndia has been hampered by the both are correct
burden of many controls and
(D) Assertion (A) and Reason (R)
regulations.
both are incorrect
Reason (R) : The New lndustrial
Policy seeks to liberate the industry
100. The Second lndustrial Policy of lndia
from the shackles of licensing
was announced in :
system.
(A) Assertion (A) is correct, but (A) April 30, 1965
Reason (R) is not correct (B) April 6, 1948
(B) Assertion (A) is correct and (C) April 1, 1951
Reason (R) is right explanation
ofAssertion (A)
(D) April 10, 1958
lrttrtrtrrtrrll
co - 5/16 (14) '. Contd
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SPACE FO R ROUGH WORK co - 5/16 (1,960) (15) Commerce
Official key not published for this paper.
Page 1 of 15
Source: State Selection Board. Question paper published by State Selection Board.