UKPSC Assistant Professor (Govt. Degree College) 2017: ASST PROF COMMERCE
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COMMERCE
1. The formula of the Rank correlation Co-efficient is
6Ed2 6sd2
(a) 1 + n (n2 — 1) (14 1 — n (n2 — 1)
6 Ed2 (d) None of these
(c) 1 — (2 — 1)
2. The objects of statistical investigation are decided
(a) after the compilation of data (b) before the compilation of data
(c) during the compilation of data (d) None of the above
3. The errors which do not occur in census investigation are
(a) Non-sampling error (b) Biased error
(c) Sampling error (d) None of these
4. The lines of regression intersect at the point
(a) (X, Y) (b) (,Y)
(c) (X, Y) (d) (X,Y)
5. What does Accounting software do?
(a) Recording the transactions (b) Preparing Trial-Balance
(c) Preparing Balance-Sheet (d) All of the above
6. Computer application in inventory control is helpful in
(a) present position of stock (b) valuation of closing stock
(c) reduction in cost (d) All of the above
7. According to 'Theo Haimann', the concept of Management are:
(a) 2 (b) 3
(c) 4 (d) None of the above
8. The "Scientific Management Theory" given by
(a) F.W. Taylor (b) Henri Fayol
(c) George R. Terry (d) None of these
9. The Theory of Bureaucracy was given by
(a) Henri Fayol (b) Elton Mayo
(c) Max Weber (d) None of these
10. The Father of 'Brain storming' was
(a) Elton Mayo (b) Alex F. Osbom
(c) Henri Fayol (d) None of these
11. Which function of Management do not exist without planning?
(a) Organising (b) Staffing
(c) Directing (d) Controlling
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12. 'Managerial Grid' model of leadership was developed by
(a) Blake and Mouton (b) Stephen Robbins
(e) Victor Vroom (d) None of these
13. Grapevine' communication is type of
(a) Formal Communication (b) Informal Communication
(c) Vertical Communication (d) None of these
14. Who was the father of the 'Modem Management Theory'?
(a) F.W. Taylor (b) Peter F. Drucker
(c) Henri Fayol (d) None of these
15. The leadership style which is based on consultation with his group is called
(a) Autocratic style (b) Democratic style
(c) Free-rein style (d) None of these
16. The Third stage of Consumer buying decision process is
(a) Evaluation of alternative (b) Information search
(c) Purchase decision (d) None of these
17. The concept of Marketing mix consisting of 4 P's of marketing was given by
(a) Peter F. Drucker (b) Philip Kotler
(c) E. Gerome McCarthy (d) None of these
18. The concept of 'Marketing Myopia' was given by
(a) E.W. Emerson (b) Peter F. Drucker
(c) Philip Kotler (d) Theodore Levitt
19. Which of the following is fundamental determinant of a person's wants and behaviour?
(a) Culture (b) Family
(c) Perception (d) None of these
20. A descriptive thought which a person holds about some object is referred to as
(a) Attitude (b) Belief
(c) Emotion (d) None of these
21. At what stage of product life cycle, advertisement expenses is maximum?
(a) Introductory stage (b) Growth stage
(c) Maturity stage (d) Decline stage
22. The set of all actual and potential buyers of a product is referred to
(a) A Customer group (b) An Industry
(c) A Market (d) None of these
23. Which one of the following is a part of short-term loan?
(a) Debenture (b) Bank overdraft
(c) Mortgage loan (d) None of these
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24. Which one of the following is related to Capital budgeting?
(a) Liquid Ratio (b) Net Present Value method
(c) Break-even Point Analysis (d) None of these
25. The Gross Working Capital means
(a) Total Current Assets + Total Current Liabilities
(b) Total Current Assets — Total Current Liabilities
(c) Total of Current Assets
(d) None of these
26. Which one of the following is not a Securities Rating Agency?
(a) SEBI (b) ICRA
(c) CRISIL (d) None of these
27. Which one of the following is related to operating budgets?
(a) Sales Budget (b) Purchase Budget
(c) Production Budget (d) All of the above
28. Given:
Cash in hand : 10,000
Debtor : ! 20,000
Bills receivable : 5,000
Plant : 5,000
Cieditor : 15,000
Net Working Capital will be
(a) 25,000 (b) 20,000
(c) 40,000 (d) None of these
29. Which one of the following is a function fSEBl?
(a) Regulating the working of banks
(b) Issue current notes
(c) Regulating the working of stock brokers
(d) None of these
30. Given:
Initial investment : 50,000
Depreciation per year : 2,000
Constant annual cash flow : 10,000
Pay back period will be
(a) 5 years (b) 5.2 years
(c) 4.8 years (d) None of these
31. Sources of long term finance will be
(a) Equity Share Capital (b) Debenture
(c) Preference Share Capital (d) All of the above
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32. Given:
Sales : 1,00,000
Variable cost : 50,000
Interest : 5,000
Fixed cost : 25,000
Operating leverage will be
(a) 4 (b)2
(c) 6 (d) 1.8
33. Given:
Contribution : 1,00,000
Fixed cost : 50,000
Interest : 10,000
Income Tax : 10,000
Combined leverage will be:
(a) 2.5 (b) 2.0
(c) 1.6 (d) 1.25
34. If the face value of share is 10, earning per share is 4 and dividend per share is 2,
then dividend payout ratio will be
(a) 20% (b) 40%
(c) 25% (d) 50%
35. Human Resource Management does not have any contribution from which of the following
disciplines?
(a) Psychology (b) Sociology
(c) Anthropology (d) Biology
36. Which one of the following is the qualitative method of Demand Forecasting Technique of
Human Resource Planning?
(a) Delphi Technique (b) Group Brain storming
(c) Work Study Technique (d) None of these
37. The 'Principle of Equal pay for Equal work' is contained in which Article of the Indian
Constitution?
(a) Article 7 (b) Article 36
(c) Article 39 (d) None of these
38. 'Extra — mural' activities relates to:
(a) Safety (b) Welfare
(c) Health (d) None of these
39. Under the Factories Act, 1948 provisions for 'Creche' is applicable , if
(a) 10 women are employed.
(b) 20 women are employed.
(c) 30 or more than 30 women are employed.
(d) None of these
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40. Which of the following theories of labour welfare is based on 'Man's love for Mankind'?
(a) Functional theory (b) Religious theory
(c) Public Relation Theory (d) Philanthropic theory
41. Under the Employee's Provident Fund & Miscellaneous Provisions Act, 1952, matters
provided under the Insurance Scheme are specified under
(a) Schedule — I (b) Schedule — II
(c) Schedule — III (d) Schedule — IV
42. The Industrial Development Bank of India (1DB 1) was established in
(a) July 01, 1954 (b) July01, 1964
(c) April 01, 1964 (d) None of the above
43. Profitable investment of a Commercial bank includes
(a) Money at call and short notice (b) Discounting of bills
(c) Treasury bills (d) All of the above
44. The important organisation of development of small scale industries is
(a) IDBI (b) EXIM BANK
(c) SIDBI (d) None of the above
45. Demonetisation of 1,000 & 500 notes was done in India on
(a) 1st November, 2016 (b) 8th November, 2016
(c) 15th November, 2016 (d) 30th November, 2016
46. When Bank Rate will be lower, creation of credit will be
(a) more (b) lesser
(c) zero (d) None of the above
47. 'NABARD' provides re-finance for
(a) Short term (b) Medium term
(c) Long term (d) All of the above
48. The Head Office of Reserve Bank of India is situated at
(a) Delhi (b) Kolkata
(c) Mumbai (d) Ahmedabad
49. Qualitative credit control include
(a) Bank Rate Policy (b) Rationing of Credit
(c) Open Market Operation (d) None of the these
50. Reserve Bank of India was established in
(a) 1935 (b) 1948
(c) 1950 (d) 1951
51. The chairman of NABARD is
(a) Governor of R.B.I. (b) Finance Minister
(c) Deputy Governor of R.B.I. (d) None of the above
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52. The First Report of Narsimhan Committee for the banking sector reforms was presented
(a) In 1990 (b) In 1991
(c) In 1992 (d) In 1994
53. All transaction of International Monetary Fund are expressed at present in
(a) Gold (b) US Dollar
(c) SDR (d) None of these
54. World Trade Organisation came into existence in the year
(a) 1995 (b) 1993
(c) 1991 (d) None of these
55. 'SAARC' secretariat is situated at
(a) Pakistan (b) Bhutan
(c) India (d) Nepal
56. Which one of the following country is not a member of ASEAN?
(a) Singapore (b) Brunei
(c) Japan (d) Thailand
57. In which Head, income from family pension is included under the Income Tax Act?
(a) Income from Salary (b) Income from other sources
(c) Income from Business & Profession (d) Income from House property
58. In which Section of Income Tax Act, daily allowances received by members of parliament
will be exempted?
(a) 10(3) (h) 10(15)
(c) 10(16) (d) 10(17)
59. If Mr. X received 14,000 from winning of lottery, then what is the amount of gross
income of winning?
(a) 20,000 (b) 14,000
(c) 16,000 (d) None of these
60. Which Section of the Income Tax Act relates to claim deduction for premium paid for
Health Insurance?
(a) Section 80 C (b) Section 80 D
(c) Section 80 E (d) Section 80 G
61. In which Section of Income Tax Act, the sum received by a member from Hindu
Undivided Family (HUF) will be exempted
(a) 10 (5) (b) 10 (4)
(c) 10(2) (d) 10(1)
62. Which Section of the Income Tax Act relates to claim deduction for the amount of interest
received from Bank Saving Account?
(a) 8OTTA (b) 80E
(c) 80U (d) 80C
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63. Income Tax Act Section 24 is related to
(a) Annual value
(b) Deduction income from house property
(c) Municipal tax
(d) None of these
64. In which date, the Income Tax Act is enforced in India?
(a) 1-4-1960 (b) 1-4-1961
(c) 1-4-1962 (d) 1-7-1962
65. Section 2 (62) of the Companies Act, 2013 is related to
(a) Objects clause (b) 'One person' Company
(c) Name clause (d) Capital clause
66. Which section of the Companies Act 2013 relates to allotment of corporate identify
number?
(a) Section 7 (4) (b) Section 7 (1)
(c) Section 7 (2) (d) Section 7 (3)
67. The first annual general meeting of the company must be held
(a) within 3 months from the date of closing of first fmancial year of the company.
(b) within 6 months from the date of closing of first financial year of the company.
(c) within 9 months from the date of closing of first financial year of the company.
(d) None of these
68. Which of the following Section of SEBI Act prohibits Insider Trading?
(a) Section 12-A (b) Section 13-A
(c) Section 15-A (d) None of these
69. Information Technology Act, 2000 is commenced from:
(a) 1 April, 2000 (b) 17 October, 2000
(c) 8 November, 2000 (d) 17 November, 2000
70. Which Section of Information Technology Act deals with Hacking Cyber Terrorism?
(a) 66 (b)66A
(c) 66F (d) 69
71. What is the time limit for filing appeal against the order of Cyber Appellate Tribunal under
Information Technology Act?
(a) 15 days (b) 30 days
(c) 45 days (d) 60 days
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72. Which of the following factor does not affect the internal environment?
(a) Strategy (b) Structure
(c) Suppliers (d) Marketing capabilities
73. What is the time limit for filing a complaint to the District Forum?
(a) One year (b) Two years
(c) Three years (d) Infinite (There is no such limit)
74. When the first five year plan was started in India?
(a) 1951 (b) 1950
(c) 1952 (d) 1949
75. Amount realised from the sale of old furniture is a
(a) Capital profit (b) Capital receipt
(c) Revenue receipt (d) None of the above
76. In case of fund flow statement, 'Fund' means
(a) Only the cash (b) Only capital
(c) Networking capital (d) None of the above
77. Given:
Debentures : 5,00,000
Equity share capital : 25,00,000
Cash : 1,00,000
Debtor : 2,00,000
Debt Equity Ratio will be
(a) 5:1 (b) 0.2:1
(c) 5.6:1 (d) None of these
78. Given:
Total Assets : ' 8,00,000
Current Liabilities : 2,00,000
No. of shares : 40,000
Face value per share : 10
Value per share will be:
(a) ! l5.00 (b) 10.00
(c) 20.00 (d) None of these
79. If a share of 10, on which an amount of 6 has been paid, is forfeited. It can be reissued
at minimum price of
(a) 10 (b) 6
(c) 4 (d) None of these
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80. 'P' and 'Q' are partners, sharing profits in the ratio of 8 : 5 respectively. On P' April 2016,
they admitted R into partnership. The new profit sharing ratio among P. Q and R is fixed
as 6: 4 : 3 respectively. The sacrifice ratio of 'P' will be
2 1
(a) 13 (b)
13
3
(c) 13 (d) None of these
81. The study of the effects of output volume on revenue, expenses and net income is known
as
(a) Budgeting (b) Cash Flow
(c) Cost Flow (d) Cost Volume Profit Analysis
82. A responsibility centre in which manager is responsible for cost only, is known as
(a) Cost Centre (b) Profit Centre
(c) Investment Centre (d) All of these
83. In which Head, dividend received by Financial Enterprise is shown in the Cash Flow
Statement ?
(a) Operating Activities (b) Investment Activities
(c) Financial Activities (d) All of these
84. Variance analysis is related to
(a) Ratio analysis (b) Standard costing
(c) Marginal costing (d) None of these
85. Liquid Ratio is calculated as follows:
(a) Total Assets / Total Liabilities (b) Current Assets / Current Liabilities
(c) Liquid Assets / Current Liabilities (d) Current Liabilities / Liquid Assets
86. Which one of the following is Activity Ratio?
(a) Net Profit Ratio (b) Current Ratio
(c) Debtor Turnover Ratio (d) None of these
87. Accounting for price level changes is related to
(a) Cost Accounting (b) Financial Accounting
(c) Management Accounting (d) Inflation Accounting
88. Contribution is
(a) Sales — Purchase (b) Sales — Variable Expenses
(c) Sales — Fixed Expenses (d) None of these
89. AS —3 is related to
(a) Cash Flow Statement (b) Fund Flow Statement
(c) Accounting for Depreciation (d) None of these
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90. The example of Joint Demand is
(a) Ink and Pen (b) Newspaper and Magazines
(c) Bus and Train (d) All of the above
91. The 'Concept of Elasticity of Demand' propounded by
(a) Samuelson (b) Canon
(c) Marshall (d) None of these
92. The most important source of wage differentials is
(a) Regional variation (b) Skills
(c) Unionization (d) Relative danger
93. The 'Concept of cross Elasticity of Demand' was given by
(a) Moor (b) Marshall
(c) Robert Triffin (d) None of these
94. Income effect towards Giffin Commodities will be
(a) Positive (b) Negative
(c) Zero (d) None of these
95. In which economy, the consumer is called 'the Emperor'?
(a) Socialism (b) Mixed
(c) Capitalism (d) None of these
96. Thought of consumer saving was propounded by
(a) Duepit (b) Marshall
(c) Hicks (d) None of these
97. If production is zero, then fixed cost for short term will be
(a) Positive (b) Negative
(c) Zero (d) None of these
98. Law of Production was propounded by
(a) Robbins (b) Stiggler
(c) Marshall (d) None of these
99. Which statement is correct?
(a) Income effect = Price effect + Substitute effect
(b) Substitute effect = Income effect + Price effect
(c) Price effect = Income effect + Substitute effect
(d) None of these
100. 'Statistics is the science of Counting.' Whose statement is this?
(a) Bowley (b) King
(c) Seligman (d) None of these
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Source: Uttarakhand Public Service Commission. Question paper published by Uttarakhand Public Service Commission.