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Entrance Test

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138 views9 pages

Entrance Test

Uploaded by

Lavin Bhawnani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DEPARTMENT OF COMMERCE

ADMISSION ENTRANCE TEST 2022-23


RULES:
1. Mark only one answer for each question.
2. Any answer once selected, cannot be changed.
3. Use of calculator is not allowed.
ACCOUNTANCY

1. According to this concept of Accounting, the business organisation will be viewed as


continuing the business operation indefinitely.
A. Business Entity Concept
B. Dual Aspect Concept
C. Going Concern Concept
D. Cost Concept

2. Which of the following is not an accounting convention?


A. Convention of Conservatism
B. Convention of Disclosure
C. Convention of Socialism
D. Convention of Materiality

3. Which one of the accounting equation is correct for Balance Sheet?


A. Asset = Liability + Owner's Equity
B. Asset = Liability - Owner's Equity
C. Liability = Asset + Owner's Equity
D. Liability = Owner's Equity

4. Which of the following statement is not correct?


A. Any cash given by government as Aid or help should also be recorded by Non Profit
Making organisation.
B. A minor can also be a partner in business, but only in profits.
C. Profit sharing ratio in partnership firm is always decided as per the terms of contract.
D. A partnership firm cannot have a Goodwill.

5. Which of the following method of stock register has been prohibited in latest International
Accounting Standards?
A. LIFO
B. FIFO
C. Simple Average
D. Weighted Average

6. In which method the amount of depreciation remains same every year?


A. Reducing Balance Method
B. Straight Line Method
C. Written Down Value Method
D. None of the above
7. When Bank Reconciliation Statement is prepared?
A. If company is in loss.
B. If cash book and stock register balances are not matching.
C. If cash book and bank pass book balances are not matching.
D. If stock register and bank pass book balances are not matching.

8. Which of the following is not an Intangible Asset?


A. Patents
B. Livestock
C. Recipe and formula
D. Trademark

9. Which of the following is not a Tangible Asset?


A. Loose Tools
B. Designs
C. Plant
D. Furniture

10. Which of the following Profit and Loss equation is correct?


A. Gross Profit = Sales + Cost of Goods Sold
B. Net Profit = Gross Profit + Operating Income - Operating Expenses.
C. Net Profit = Gross Profit + Operating Income + Operating Expenses.
D. Net Profit = Gross Profit - Operating Income - Operating Expenses.

BUSINESS ORGANISATION

11. The increase in price of goods or services compared to the prices of last year is known
as _________________.
A. Revaluation
B. Devaluation
C. Inflation
D. Deflation

12. The process of converting the physical share certificates of equity shares into electronic
form is known as ______________.
A. Dematerialisation
B. Rematerialisation
C. Devaluation
D. Revaluation

13. What is Dividend?


A. A share of profit distributed among the equity shareholders of company.
B. The unpaid amount of the value of the equity share.
C. The amount of tax paid to the the government.
D. The amount of loss incurred by the company.

14. What is the official full form of SEBI?


A. Stock Exchange Board of India
B. Securities Exchange Board of India
C. Standard Exchange Board of India
D. Share Exchange Board of India

15. Which is the most suitable form of business organisation for the people of weaker
sections?
A. Partnership Firm
B. Co-operative Society
C. Sole Trading Business
D. Joint Stock Company

16. Which one of the following is not a feature of Sole Proprietorship Business?
A. Undivided Risk
B. No Government Regulation
C. Separate Entity
D. Unlimited Liability

17. Social Responsibility of business assumes considerable importance towards


__________.
A. Owners and workers
B. Consumers and Community
C. Government and Nation
D. All the above

18. Who is a 'Bull' ?


A. An investor who anticipates stock prices to rise in future.
B. An investor who anticipates stock prices to fall in future.
C. A trader who sells stocks with a view to buy it when price falls.
D. An investor who only invests in IPO.

19. Match List-I with List-II and select the correct answer.
List -I. List-II
a) SEBI 1) Apex institution of Development Banks
b) RBI. 2) Credit Rating Agency
c) IDBI. 3) Regulation and development of Capital Market
d) CRISIL. 4) Regulation and development of Commercial Banks
A. a-3, b-1, c-4, d-2
B. a-3, b-4, c-1, d-2
C. a-2, b-4, c-1, d-3
D. a-4, b-2, c-1, d-3

20. Match List-I with List-II and select the correct answer.
List -I. List-II
a) F.W.Taylor 1) Principles of Management
b) Maslow 2) Wealth of Nations
c) Adam Smith 3) Scientific Management
d) Henry Fayol 4) Human Motivation Theory
A. a-3, b-4, c-2, d-1
B. a-3, b-4, c-1, d-2
C. a-2, b-4, c-3, d-1
D. a-4, b-2, c-1, d-3

ECONOMICS

21. Who of the following referred economics as the 'Science of Wealth'?


A. Adam Smith
B. J.B.Say
C. Walker
D. All of the above

22. What happens in Mixed Economy?


A. All economic decisions are taken by central authority.
B. All economic decisions are taken by private entrepreneurs.
C. Economic decisions are partly taken by the state and party taken by private
entrepreneurs.
D. No one takes any decision.

23. The "Means" available for satisfaction of wants are ____________.


A. Limited
B. Unlimited
C. Sufficient
D. None of the above.

24. Welfare definition of Economics was propounded by _______________.


A. Adam Smith
B. Alfred Marshall
C. Samuelson
D. Lionel Robbins

25. As per law of demand, there is ______________ relationship between Price and
Quantity Demanded, others things being constant.
A. Direct
B. Indirect
C. Inverse
D. Indifferent

26. __________________ is the situation where consumer secures maximum satisfaction


out of his expenditure.
A. Consumer Equilibrium
B. Market Equilibrium
C. Industrial Equilibrium
D. Society Equilibrium

27. In a Perfect Competition Market, __________.


A. There are many sellers selling same product.
B. There is only one seller.
C. There are many sellers selling differentiated products.
D. There are no buyers and no sellers.

28. A Monopolistic Competition is a market structure in which each seller produces a


_____________ product.
A. Homogenous
B. Identical
C. Same
D. Differentiated

29. A Monopolist is _____________.


A. Price Maker
B. Price Taker
C. Price Acceptor
D. None of the above.

30. Which of the following are not a characteristics of Monopoly market?


A. There is a Single firm.
B. The firm produces a unique product.
C. Existence of some advertising.
D. The firm is a price taker.
ENGLISH

31. Research has led to the____________ of the tenth planet.


A. Discovering
B. Discovery
C. Discover
D. None of these

32. I met Hari _________ used to live here.


A. that
B. which
C. who
D. where

33. This shirt is not costly. I bought it very _________.


A. Cheaply
B. Low
C. Cheap
D. Lowly

34. As soon as the train ___________ at the station the passengers rushed towards it.
A. Arrived
B. Arrive
C. will arrive
D. None of these

35. I challenged him __________ a game of Chess.


A. for
B. to
C. against
D. about

36. He does not go out of his house _________ it is 4 o'clock in the afternoon.
A. for
B. while
C. until
D. None of these

37. Mohan told his sister that _______________ help in choosing two out of three optional
subjects.
A. he wanted her
B. she wanted his
C. I want your
D. I wanted you

38. If he comes with open heart, I __________ welcome his company.


A. can
B. would
C. will
D. must

39. Select Antonym of – Harsh.


A. Severe
B. Kind
C. Dull
D. Soft
40 Select Synonym of - Defend.
A. Protect
B. Excuse
C. Attack
D. Defer

LOGICAL REASONING

41. Complete the following series : 5,15,45,135,____.


A. 155
B. 175
C. 405
D. 555

42. Complete the following series : 3,7,15,31,____.


A. 54
B. 63
C. 72
D. 81

43. Young is related to Old in the same way as wide is related to ?


A. Big
B. Insufficient
C. Long
D. Narrow

44. Horse: Jockey :: Car: ?


A. Mechanic
B. Chauffeur
C. Steering
D. Brake

45. A + B means A is the brother of B


A × B means A is the father of B
A ÷ B means A is the mother of B
Which of the following would mean "G is the son of H"?
A. H - G
B. H + G
C. H ÷ G
D. H × G

46. Pointing to a lady on the stage, Ashita said, “She is the sister of the son of the wife of
my husband.” How is the lady related to Ashita?
A. Grand Mother
B, Mother
C. Sister
D. Daughter

47. If “Computer” is called “mouse”, “mouse” is called “Keyboard”, “Keyboard” is called


“monitor”, “monitor” is called “web cam”. What we use for typing?
A. Monitor
B. Keyboard
C. Mouse
D. Computer
48. If “Friday” is called “Wednesday”, “Wednesday” is called “Tuesday”, “Tuesday” is called
“Sunday”, “Sunday” is called “Saturday”,
Which of the day is holiday ?
A. Sunday
B. Tuesday
C. Wednesday
D. Saturday

49. In a particular code language FEBRUARY is coded HGDTWCTA, How is AUGUST


coded in same language?
A. CWPVUV
B. CWIWUV
C. CWIKFV
D. CYCWUV

50. Which word will come first in the dictionary from the following words?
Minority, Minnow, Ministry, Minus
A. Minority
B. Minnow
C. Ministry
D. Minus

QUANTITATIVE APTITUDE

51. What is square root of 16?


A. 2
B. 4
C. 8
D. 12

52. If one apple costs ₹ 12, then what is price of 1 dozen apples?
A. 98
B. 144
C. 164
D. 172

53. Aruna deposited ₹ 1,00,000 in South Indian Bank at interest of 7℅ per annum for 2
years. Calculate Simple Interest.
A. ₹ 10,500
B. ₹ 14000
C. ₹ 21000
D. ₹ 19800

54. Krishna purchased a Scooter for ₹ 5200 and spent rupees ₹ 800 on its repairs. He had
to sell it for ₹ 5400. Find out profit or loss percent.
A. 5%
B. 10%
C. 15%
D. 20%

55. 1 Kilometer = __________ meters.


A. 10
B. 100
C. 1000
D. 10,000
GENERAL KNOWLEDGE & CURRENT AFFAIRS

56. How many States and Union Territories are there in India?
A. 28 states and 9 Union Territories
B. 28 states and 8 Union Territories
C. 29 states and 9 Union Territories
D. 29 states and 8 Union Territories

57. Who is the present President of India?


A. Hamid Ansari
B. Amit Shah
C. Ram Nath Kovind
D. S. Jaishankar

58. Bharatnatyam dance form, belongs to which state?


A. Karnataka
B. Tamil Nadu
C. Kerala
D. Odisha

59. Which Indian sportspersons rejected the Hitler's proposal to play hockey for Germany
and won three gold medals for India in Olympics?
A. Major Dhyan Chand
B. Dhanraj Pillai
C. P. T. Usha
D. Sunil Gavaskar

60. Which city is known as the 'Silicon Valley of India'?


A. Ahmedabad
B. Bengaluru
C. Hyderabad
D. Noida
ANSWER KEY
1. C 21. D 41. C
2. C 22. C 42. B
3. A 23. A 43. D
4. D 24. B 44. B
5. B 25. C 45. D
6. B 26. A 46. D
7. C 27. A 47. A
8. B 28. D 48. D
9. B 29. A 49. B
10. B 30. D 50. C
11. C 31. B 51. B
12. A 32. C 52. B
13. A 33. C 53. B
14. B 34. A 54. B
15. B 35. B 55. C
16. C 36. C 56. A
17. D 37. A 57. C
18. A 38. C 58. B
19. B 39. B 59. A
20. A 40. A 60. B

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