ACCOUNTING AND FINANCE FOR SERVICES - AFS - (MCQS)

S.Y B.COM

SEMESTER - III

MID SEMESTER EXAMINATION

ACCOUNTING AND FINANCE FOR SERVICES

(AFS)

MCQS 

UNIT - I

(1) NSSO stands for ....................

(A) National Sample Service Org.

(B) National Sample Service Office

(C) National Sample Survey Organization 

(D) National Sample Survey Office

(2) Which of the following is /are true about the term "service"

(A) Cannot be stored or transported,

(B) Are instantly perishable, and

(C) Come into existence at the time they are bought and consumed

(D) All of the above

(3) UNWTO stands for ...............

(A) United Nations World Trade Organization

(B) United Nations World Tourism Organization

(C) United Nations World Trade Office

(D) United Nations World Tourism Office

(4) Which of the following is not the major subcomponents of IT-ITeS Industry ?

(A) IT Services

(B) Business Process Outsourcing

(C) Engineering Services and R and D

(D) Hardware products

(5) Identify the major subcomponents of IT-ITeS Industry.

(A) IT Services, Business Process Outsourcing

(B) Engineering Senvices and R and D

(C) Software Products

(D) All of the above

(6) The Indian Hospitality Industry contributes around .............. % of India's GDP.

(A) 22

(B) 2.2

(C) 0.22

(D) 2.22

(7) India currently has over ..........

hotel rooms spread across hotel categories and guest-houses and is still facing a shortfall of over  ............ rooms.

(A) 1,00,000, 2,00,000

(B) 1,00,000, 1,00,000

(C) 2,00,000, 1,00,000

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

(8) The word hotel is derived from the ................

(A) French word Host

(B) Latin word Hotel

(C) ltalian word Host

(D) American word motel

(9) According to Guinness Book of World Records, the oldest hotel in operation is the Nisiyama Onsen Keiunkan in Yamanashi, Japan which first opened in ........ A.D

(A) 707

(B) 701

(C) 1707

(D) None

(10) The person who shifts objects for others is called ................

(A) Servers

(B) Porters

(C) Sleeper

(D) Bartenders

(11) The person who serves alcoholic, wine etc. is called ............

(A) Servers

(B) Porters

(C) Sleeper

(D) Bartenders

(12) When the Hotel is divided into different categories depending on their locations, facilities, infrastructure and amenities provided, then it is the classification based on ..............

(A) Nature

(B) Standard

(C) Tarrif

(D) Star

(13) When the Hotel is divided into different categories such as Heritage hotels, Beach Resorts hotel, Wild Resorts hotel, Time share Resorts, then it is the cdlassification based on ..............

(A) Nature

(B) Tariff

(C) Standard

(D) Star

(14) When the Hotel is divided into different categories such as Budget Hotels, Economy hotels, Luxury hotels, then it is the classification based on .............

(A) Nature

(B) Tarif

(C) Standard

(D) Star

(15) ................ Is a control room which deals with guest reservations, registrations, account settlement (cash) and checking in/out guests.

(A) Front Office

(B) F & B

(C) Marketing and Selling Dept.

(D) Administration Dept.

(16) ............deals with preparation of food items ordered by the guests. F & B

(A) Administration Dept

(B) Food Production Dept.

(C) Marketing and Selling Dept.

(17) For preparing financial statement in Hotel business ............and ............ is adopted.

(A) Double entry system of Book Keeping and Cash System of Accounting

(B) Single entry system of Book Keeping and Cash System of Accounting

(C) Double entry system of Book Keeping and Mercantile System of Accounting

(D) Single entry system of Book Keeping and Mercantile System of Accounting

(18) In order to exercise effective control over the different operations of a hotel, it is preferred to install ...............

(A) Department Accounting system

(B) Cost Accounting System

(C) Effective Accounting System

(D) None

(19) As per ........... , ............ are principal revenue producing activities of the enterprise other than and.

(A) AS-13, Operating Actvities

(B) AS-3, Operating Activities

(C) AS-3, Investing Activities

(D) AS-3, Financing activities

(20) ............. help in diagnosing the functioning of the hotel and also help in predicting future possibilities in the business.

(A) Ratio

(B) Hotel Manager

(C) Accounting

(D) Owner

(21) ............. indicates the proportion of rooms sold against the rooms available for sale during a specific period of time.

(A) Occupancy percentage

(B) Room rates

(C) Room ratio

(D) All of the above

(22) Occupancy percentage = ............

(A) No. of rooms occupied X 100 / no. of rooms sold

(B) No. of rooms sold X 100/No. of rooms available

(C) No. of rooms available X 100/no. of rooms sold

(D) None

(23) Multiple Occupancy Ratio = ...........

(A) No. of rooms occupied by more than two guest X 100 /no. of rooms occupied

(B) No. of roonms occupied by more than one guest X 100/No. of rooms available

(C) No. of rooms available X 100/no. of rooms sold

(D) No. of rooms occupied by more than one guest X 100/No. of rooms occupied

(24) Sun Rise Hotel provide the following information for the quarter ended on 31st March, 2013, Find out revenue per available room (Rev PAR) Nos. of rooms: 500

(A)Average room rate: Rs. 1500

(B)Average Occupancy: 75%

(C) Period/ days of quarter: 90 days

(25) a unit of product, service, or time (or a combination of these) in relation to which cost may be ascertained or expressed.

(A) Cost unit

(B) Cost centre

(C) None

(D) Both

(26) ........... a location, a person or an item of equipment (or group of these) for which cost may be ascertained and used for the purpose of cost control.

(A) Cost center

(B) Cost unit

(C) None

(D) Both

(27) Food cost = ............

(A) Cost of food consumed

(B) Cost of food consumed less meals provided to staff

(C) Opening stock + purchases of ingredients - closing stock

(D) None

(28) Cost of food consumed = ............

(A) Cost of food consumed

(B) Cost of food consumed less meals provided to staff

(C) Opening stock + purchases of ingredients - closing stock

(D) None

UNIT II

(1) .......... is applicable to undertaking that provides services rather than produce commodities.

(A) Contract costing

(B) Operating costing

(C) Service costing

(D) Unit costing

(2) Which of the following are included in Construction costs and development costs that relate directily to a specific project:

(a) Land conversion costs, betterment charges, municipal sanction fee and other charges for obtaining building permissions;

(b) Site labour costs, including site supervision;

(c) General administration costs;

(d) Selling costs;

(A) (a) and (d)

(B) (a) and (b)

(C) (a) and (c)

(D) All of the above

(3) Which of the following are not included in Construction costs and development costs that relate directly to a specific project:

(a) Cost of materials used in construction or development of property.

(b) Depreciation of plant and equipment used for the project

(c) Research and development costs;

(d) Depreciation of idle plant and equipment;

(A) (a) and (c)

(B) (c) and (d)

(C) (a) and (b)

(D) All of the above

(4) Which of the following are included in Construction costs and development costs that relate directly to a specific project:

(a) Costs of moving plant equipment and materials to and from the project ste

(b) Cost of hiring plant and equipment

(c) Cost of unconsumed or uninstalled material delivered at site; and

(d) Payments made to sub-contractors in advance of work performed.

(A) (a) and (c)

(B) (c) and (d)

(C) (a) and (b)

(D) All of the above

(5) Which of the following are included in Construction costs and development costs that relate directly to a specific project:

(a) Costs of design and technical assistance that is directy related to the project;

(b) Estimated costs of rectification & guarantee work, inciuding expected warranty costs;

(c) Claims from third parties.

(d) Cost of hiring plant and equipment;

(A) (a) and (c)

(B) (c) and (d)

(C) All of the above

(D) All of the above except 

(6) Which of the following costs should not be considered part of construction costs and development costs if they are material:

(a) Claims from third parties

(b) Cost of hiring plant and equipment

(c) Cost of unconsumed or uninstalled material delivered at site; and

(d) Payments made to sub-contractors in advance of work performed.

(A) Only (C) and (D)

(B) Only (A), (B) and (C)

(C) None

(D) All of the above

(7) Which fo the followings are costs that may be attributable to project activiy in general and can be allocated to specific projects include:

(a) Insurance;

(b) Costs of design and technical assistance that is not directly related to a specific project,

(c) Construction or development overheads; and

(d) Borrowing costs.

(A) only (a) and (b)

(B) Only (a), (b) and (c)

(C) None

(D) All of the above

(8) ................. indicates average amount of time ( in days) that a acute care patient

spend in the hospital.

(A) Average length of stay

(B) Occupancy rate

(C) Net revenue per patient

(D) Capital employed invested per bed day capacity.

(9) Higher ALOS means .............  efficiency and lower ALOS means ........... efficiency.

(A) Higher, Lower

(B) Lower, Higher

(C) Both

(D) None

(10) Under the Indian Constitution, health is a ............. subject.

(A) State

(B) Union

(C) Important

(D) All

(11) It is the total number of discharges (including deaths) in all hospitals during a given period.

(A) Inpatient discharges

(B) Outpatient discharges

(C) Total patient discharges

(D) None

(12) It indicates the rate of utilization of available limited resources of hospital.

(A) Average length of stay

(B) Occupancy rate

(C) Net revenue per patient

(D) Capital employed invested per bed day capacity. 

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