Study For Buddies: SY Semester 3 MCQS

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Thursday, February 29, 2024

HUMAN RESOURCE DEVELOPMENT, WELFARE AND SOCIAL SECURITY (HRD)

Study For Buddies February 29, 2024 0

SY Semester 3 MCQS

HUMAN RESOURCE DEVELOPMENT, WELFARE AND SOCIAL SECURITY (HRD)

S.Y B.COM

SEMESTER - 3

HUMAN RESOURCE DEVELOPMENT, WELFARE AND SOCIAL SECURITY (HRD)

MCQS- SEPTEMBER 2016

1. ____________ is the framework for helping employees to develop personal and organizational skills, knowledge and abilities.

(A) Industrial Relations

(B) Human Resource Development

(S) H.R. Audit

2. __________ is a process of improving an organizations effectiveness and members well being through the application of behavioural sciences

(A) Organizational Behaviour

(B) Management Development

(D) Organisation Development

3. __________ is an ongoing process by which individual's progress through a series of changes until they achieve their personal level of maximum achievement

(A) HR Planning

(B) Career Development

(D) Performance Management

4. __________ may be defined as the art of procuring, developing and maintaining a competent workforce to achieve the goals of an organization in an effective and efficient manner.

(A) HR Accounting

(B) HR Audit

(D) Performance Management

5. __________ is the growth or realization of a person's ability through conscious or unconscious learning.

(A) Development

(B) Training

(D) Planning

6. The concept of HRD was introduced in the year __________

(A) 1970

(B) 1978

(D) 1968

7. __________ is improving knowledge, skills and attitudes of employees for the short term particularly to a specific job or task

(A) Development

(B) Counseling

(C) Training

(D) Mentoring

8. __________ is preparing for future responsibilities while increasing the capacity to perform a current job.

(A) Employee Training

(B) Organization Development

(C) Executive Development

(D) Organization Behaviour

9. Which of the following is covered in HRD technique ?

(A) Performance Appraisal

(B) Quality Circle

(D) All of the above

10. __________ is mainly concerned with developing skill knowledge and competencies of people and it is people oriented concept

(A) Human Resource Development

(B) Performance appraisal

(D) Succession planning

11. __________ has introduced the concept of HRD

(A) Leonard Nadler

(B) McGregor

(D) Herzberg

12. __________ is defined as those learning experiences which are organized for a specific time and designed to bring about possibilities of behavioural change

(A) Management Development

(B) Organization Behaviour

(D) Human Resource Development

13. __________ refers to knowledge, skill, creative abilities, talents, attitude, beliefs and values of an organizations workforce

(A) Physical Resource

(B) Functional Resource

(C) Human Resource

(D) None of the above

14. __________ refers to the discussion of employee problems that usually has an emotional content in order to help the employees to cope up with the situation better.

(A) Employee counseling

(B) Job definition

(D) Process Consultation

15. __________ is designed to clarify the role expectations and obligations of team members to improve team effectiveness.

(A) Job Analysis

(B) Role Analysis

(D) Data Analysis

16. A __________ is any dissatisfaction or feeling of injustice having connections with ones employment, situations which is brought to the attention of the management.

(A) Grapevine

(B) Governance

(D) Grievance

17. __________ is a philosophy that involves everyone in an organization in a continual effort to improve quality and achieve customer satisfaction

(A) Total Quality Management

(B) Bench Marking

(D) Quality circle

18. __________ is the practice of moving employees between different tasks to promote experience and variety.

(A) Job Evaluation

(B) Job Analysis

(C) Job Rotation

(D) Job Definition

19. A __________ is a management concept that involves redesigning jobs so that they are more challenging to the employee and have less repetitive work.

(A) Job enrichment

(B) Job Rotation

(D) Job Evaluation

20. Which of the following techniques are the performance appraisal techniques adopted by the organization.

(A) Confidential Report

(B) Graphic Rating

(D) All of the above

21. Which of the following is covered under 5s in work place?

(A) Sort

(B) Shine

(D) All of the above

22. As a __________ the mentor explains the written rules, names, and practices of the organization to the mentee, tells him or her the do's and don'ts, presents hypothetical situation-and-interrogates the solutions from him/her.

(A) Sponsor

(B) Teacher

(D) Counselor

23. __________ is evaluating employees current and or past performance relative to his or her performance standard.

(A) Performance Appraisal

(B) Potential Appraisal

(D) Participative Management

24. __________abilities possessed by an employee but not to put to use currently or the abilities to assume challenging responsibilities in he future.

(A) Performance Appraisal

(B) Potential Appraisal

(D) Operative's appraisal

25. __________ help employees to plan their careers in terms of their capabilities and aspirations

(A) Career Planning

(B) Proactive Planning

(D) Operational Planning

26. __________ is the programme that helps employees learn specific knowledge and skills to improve performance in their current roles

(A) Employee Training

(B) Executive Development

(D) HR Planning

27. __________ is the life long process of managing employees work experience within or between the organization

(A) Career Development

(B) Organization Development

(D) Strategic Development

28. __________ is a complex educational strategy, attitudes, values and structures of organization so that they can better adopt to new technologies and challenges.

(A) Organizational Development

(B) HR Development

(D) Management Development

29. __________ means participation of non managerial employee in the decision making process of organization

(A) Worker's Participation of Management

(B) Sensitivity Training

(D) Management Development

30. __________ is a group of employees who meet regularly to consider ways or resolving problems and improving production in their organisation.

(A) Business Circle

(B) Quality Control

(C) Quality Circle

(D) Total Quality Management

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Thursday, December 22, 2022

Principles Of Management Mcqs

Study For Buddies December 22, 2022 0

SY Semester 3 MCQS

S.Y B.COM

SEMESTER: 3

PRINCIPLES OF MANAGEMENT

POM

18 JANUARY 2022

1. 'Each group of activities with the same objective must have one head and one plan'... is known as ____________.

A. Unity of command

B. Unity of Direction

C. Order

D Standardisation

2. Tactical Planning is also known as ___________.

A. Strategic planning

B. Operational planning

C. Corporate planning

D. Proactive planning

3. Relationship among Authority, Responsibility, Accountability and Reporting system of an organisation is known as ____________.

A. Organisation chart

B. Organisation structure

C. Span Of management

D. Delegation of Authority

4. Organising process includes one of the following: __________.

A. Grouping of activities

B. Prescribing disciplinary action

C. Determining objectives

D. Prescribing alternatives

5. Contribution on "Management Skills" is made by...

A. Robert Kartz

B. Mintzberg

C. Peter Drucker

D. Robbins

6. Who among the following contribute concept of "Managerial Roles"?

A. Henry fayol

B. Robert Kartz

C. Mintzberg

D. F.W.Taylor

7. ___________ is concerned with macro aspect relating to decision with broad

implications for a large segment of the society.

A. Social responsibility

B. Business Ethics

C. Business Management

D. Business Environment

8. Which among the following is not comes under the main focus of TQM?

A. Business Ethics

B. Customer Satisfaction

C. Employee Involvement

D. Continuous Improvement

9. Need hierarchy theory of motivation has been given by __________.

A. Maslow

B. Fayol

C. Taylor

D. Koontz

10. Controlling function finds out how far __________ deviates from standards.

A. Actual performance

B. Improvement

C. Corrective actions

D. Cost

11. Which among the following is not an appropriate principle in regard to Total Quality Management (TQM)?

A. Primary responsibility for Quality rest with Top Management

B. Quality requires Continuous improvement

C. Quality is concern with Empowerment of Employees

D. Quality to be ensured with inspection of finished product and taking corrective measures

12. Which of the following technique puts an attempt to bring balance between 'Cost of Idle Time' and 'Cost of Waiting Line'?

A PERT

B. Queuing theory

C. Decision Tree Analysis

D. Game Theory

13. Management is considered as -

A. Art only

B. Profession

C. Pure science

D. Psudo science

14. Quality Circle is a group of __________.

A. Operatives

B. Supervisors

C. Management Trainee

D. Top management

15. Which among the following is not a

dysfunctional aspect of conflict in an

organisation?

A. Disequilibrium in Organisation

B. Stress and Tension

C. Diversion of Energy

D. Group Cohesion

16. _________ is "the critical evaluation of plans, activities, and results, thereby providing information for the future action".

A. Strategic control

B. Operational Control

C. Tactical Control

D. Preventive control

17. Which among the following is not the correct statement in regard to Total Quality Management (TQM)?

A. It has intense locus on the customers

B. It is concern with continuous improvement

C. It is concern with Empowerment of Employees

D. It concentrates on stringent control over employees

18. As a person moves upward which of the nature of skill loses its application in relative manner as per Robert Kartz's 'Management skill' approach?

A. Conceptual skill

B. Technical Skill

C. Decision making skill

D. Interpersonal skill

19. Which among the following Theory of Leadership has identify major functions performed by leaders in a group?

A. Charismatic Theory

B. Trait Theory

C. Behavioural theory

D. Contingency Theory

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Sunday, April 17, 2022

Macro Economics Theory Mcqs

Study For Buddies April 17, 2022 1

SY Semester 3 MCQS

S.Y B.COM

SEMESTER - 3

MACRO ECONOMICS THEORY

(MET)

MCQS: 19 JANUARY 2022

For more Mcqs in this Subject click here:

Macro Economics Theory Mcqs: November 2021

1. While we calculate National Income through Value Added method, we do not include one of the following components:

A. Purchase of second hand goods

B. Imputed rent values of self occupied houses

C. Value of Production for self

consumption

D. Net Factor Income from Abroad

2. In consumption line C=a+ b.Y, what does 'b' denote?

A. Slope of consumption curve

B. Multiplier of Income

C. Marginal Propensity to Save

D. Average Propensity to Consume

3. Which of the following do economists view as investment spending?

A. Spending on physical capital

B. Stocks

C. Bonds

D. Mutual fund investing

4. National Income at Factor Cost can be defined as:

A. Net National Product - Net Indirect

Taxes

B. Gross National Product - Net

Indirect Taxes

C. Net National Product - Total

Indirect Taxes

D. Net National Product - Subsidies.

5. In classical economics sense Y=C+I can be re written as:

A. Y=C+S

B. Y=S+I

C. Y+C =S

D. Y+I=S+I

6. The marginal propensity to consume is defined as ____________.

A. The change in consumer spending

divided by the change in aggregate

disposable income.

B. The change in saving minus change

in investment.

C. The proportion of total disposable

income that the average family

consumes.

D. The change in consumer spending

minus the change in aggregate

disposable income.

7. Suppose that the aggregate consumption function is given by the equation: C = 200+0.8YD, where C represents consumption and YD represents disposable income. If disposable income is Rs. 500, aggregate consumption is:

A. Rs. 600

B. Rs. 200

C. Rs. 500

D. Rs. 400

8. While we calculate National Income through Expenditure method, we should include one of the following components:

A. Private expenditure on goods and

services

B. Purchase of Shares and Bonds

C. Transfer Payments

D. Expenditure on Intermediate Goods

9. When a government adopts a balance budget policy it spends only as much as it collects through

A. taxation

B. exports

C. bonds

D. foreign direct investments

10. Classical economists treated money as _____________.

A. Medium of Exchange

B. Store of value

C. Means of deferred payment

D. Measure of Value

11. If NDP at factor cost is Rs. 210 million and Indirect taxes, Rs. 51 million, GNP at Market prices is Rs. 610 million, the value of NDP at market prices will be Rs. __________ million.

A. Rs. 261 million

B. Rs. 820 million

C. Rs. 271 million

D. Rs. 539 million

12. If for an economy, GDP at market Prices is Rs. 3094 million, Net Indirect Taxes is Rs. 564 million and Capital consumption allowance is Rs. 342 million, the value of GDP at factor cost would be Rs. _________ million

A. Rs. 2530 million

B. Rs. 4000 million

C. Rs. 3436 million

D. Rs. 3658 million

13. 'An individual will usually see a 10% cut to nominal wages as unfair, but the same proportion of price rise would not be fiercely contested'. The statement is best reflected in the following terms:

A. Money Illusion

B. Price Illusion

C. Output Illusion

D. Income Illusion

14. In a simple model of Keynes income determination, import is assumed to be a function of the following (identify correct ones)

I. Autonomous Import

II. National Income

III. Investment

IV. Government Expenditure

A. I & II

B. I, II & III

C. II, III & IV

D. II & III

15. 'Saving is good for individuals but not so good for the society as a whole as it ends up in lowering standard of living, income, and output'. This phenomena is called ____________.

A. Paradox of Thrift

B. Paradox of Wage and employment

C. Paradox of Income and Saving

D. Paradox of Consumption

16. In the context of classical macro economics, the demand and supply of labour together can determine the following:

A. Real Wages, Employment and Real Output

B. Real Wages and Real Unemployment

C. Nominal Wages, Nominal Employment and Nominal Output

D. Production function, Income and Output

17. The rational expectation theory is different from Keynesian Theory in the sense that ____________.

A. Whatever happens in the economy cannot be correctly predicted by the people

B. Involuntary unemployment cannot prevail

C. Producers and consumers adjust their behaviour rapidly.

D. Producers and consumers are able to collect necessary information

18. Keynesian explanation of a deficiency in aggregate demand originated from __________.

A. Real time experience of Great Depression

B. Severe inflation in the post war situation

C. Say's Law of Market

D. Pigou's explanation of wage flexibility.

19. If we apply Say's Law of Market in a monetized economy we would be closer to explain ____________.

A. Two Sector Circular Flow Model

B. Marginal Productivity Theory of Wages

C. Principle of Effective Demand

D. Wage Price rigidity.

20. The national income under four sector model is less than that of under three sector model because ____________.

A. Import is also function of national income

B. Import is autonomous

C. Export is autonomous

D. Export is also function of national income

22. One of the following is not a key feature of Keynesian Theory

A. Rate of Interest is a reward for saving

B. Under employment is a normal situation in the economy

C. Wages are rigid downwards and flexible upwards

D. There is only indirect relationship between money supply and price level.

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Monday, January 24, 2022

Accounting and Finance for Services

Study For Buddies January 24, 2022 1

SY Semester 3 MCQS

S.Y B.COM

SEMESTER - 3

ACCOUNTING AND FINANCE FOR SERVICES

(AFS)

MCQS - 2 DECEMBER 2021

1. 300 rooms available in a hotel for a day. During the year, 86,400 rooms days occupied. Calculate occupancy rate for the year, assuming 360 days in a year.

A. 70%

B. 90%

C. 100%

D. 80%

2. From the given information, calculate Revenue per available Room. No. of rooms occupied: 700 rooms, Average room rate: Rs.900, No. of days: 60 and Average occupancy rate: 87.50%.

A. Rs.900

B. Rs.612.5

C. Rs.787.5

D. Rs.1028.57

3. Shivaji Hospital has made available the information: Income received Rs.12,63,000; Variable expenses Rs.6,15,000; Fixed Expenses Rs.3,04,000; No. of patient days 10,000. Find out Contribution per Patient Day.

A. Rs. 81.80

B. Rs. 64.80

C. Rs. 81.50

D. Rs. 111.06

4. Hotel Rang Inn planning to arrange a banquet for 250 persons. It is estimated that total cost will be Rs.900 per head, of which Rs.490 will be food cost. Management wants to earn profit @ 10% of total takings. Compute food cost as a percentage of sales.

A. 41%

B. 90%

C. 49%

D. 75%

5. The details of Jiva hospital for a financial year are: Total Operating Cost Rs.15,00,000 and Desired Profit at 20% on Total Takings. Calculate Total takings.

A. Rs.18,75,000

B. Rs.25,00,000

C. Rs.30,00,000

D. Rs.50,00,000

6. Calculate rent to be charged per room day for a nursing home using the given information. 40 Rooms, 80% occupancy ratio, days in month - 30 days, total cost of nursing home Rs.4,68,000 per month and margin 20% on desire taking.

A. Rs.609.375

B. Rs.608.47

C. Rs.780.25

D. Rs.609.150

7. When a patient goes to a hospital just for diagnosis; treatment or therapy and then leave the hospital without staying overnight, the patient is called

A. Inpatient

B. Outpatient

C. Media

D. Nurse

8. Hotel Green arranged a banquet for 400 persons. It was estimated that the total food cost will be Rs. 50,000, additional cost of staff will be Rs.15,000 and overhead could be allowed for at 22.5% of sales. What charges per guest should be made to produce a net profit of 12.5%?

A. Rs.350

B. Rs.550

C. Rs.250

D. Rs.650

9. If the ALOS of the Lifelong Hospital was 3.9 days in the year 2020-21 and 3.4 days in the year 2019-2020. What does it signify in the year 2020-21?

A. The efficiency of hospital is the same

B. The efficiency of hospital has gone up

C. The efficiency of hospital has gone down

D. The efficiency of hospital has doubled than the last year

10. Total taking of a hotel is Rs.60,40,000, No. of Rooms available are 600 and Occupancy rate is 80%, days in a year are 360. Calculate tariff per day per room.

A. Rs.35.89

B. Rs.34.95

C. Rs.36

D. Rs.37

11. The sum of value of work certified and work uncertified appearing in the contract account is called

A. Work Completed

B. Work in Process

C. Work in Progress

D. Work done

12. Find the profit or loss of Games Department using the given information. Membership fees Rs.9,000, rental of tennis court Rs.4,000, salary (tennis court employees) Rs.2,000, repairs & maintenance (Game Department) Rs.1,000, laundry of bedsheets Rs.500 and Golf car batteries Rs.3,000.

A. Rs.7,000 (Profit)

B. Rs.4,000 (Profit)

C. Rs.1,500 (Loss)

D. Rs.6,500 (Profit)

13. Which one of the following methods of costing is used by Healthcare Industry for ascertaining the cost of rendering services?

A. Unit Costing

B. Operation Costing

C. Multiple Costing

D. Operating Costing

14. The details for General ward of a heart hospital are: Number if beds 20, Occupancy rate for 300 days 90% and Occupancy rate for rest of the year 80%. Compute Patient Days assuming 365 days in year.

A. 6,840 patient days

B. 16,500 patient days

C. 6,440 patient days

D. 50,000 patient days

15. If percentage of completion of incomplete contract is 46%, Notional profit is Rs.6,00,000, Cash received is Rs.10,00,000 and Work certified is Rs.50,00,000. How much profit to be transferred to Profit and loss A/c?

A. Rs.25,000

B. Rs.40,000

C. Rs.50,000

D. Rs.80,000

16. According to Guinness Book of World Records, the oldest hotel in operation is_______.

A. Nisiyama Onsen Keiunkan

B. Sunroute Plaza Shinjuku

C. Narita Tobu Hotel

D. Nikko Narita

17. If percentage of work completion 100%, the amount of profit to be transferred to profit and loss account is

A. Estimated profit

B. 2/3 of NP (CR/WC)

C. 1/2 of NP (NP/WC)

D. Full profit

18. As per RERA Act 2016, ________ % of the collected amount from buyers must be deposited in an escrow bank account.

A. 50%

B. 70%

C. 75%

D. 90%

19. Which one of the following Entries appears in the bottom portion of Visitors/Guest ledger?

A. Room charges

B. Laundry Charges

C. Goods and Service Tax

D. Allowances granted

20. ______ deals with security of guests and their properties as well as of the hotel properties. It also has a responsibility for managing disaster such as fire and natural calamity.

A. Finance and Accounts Department

B. Administration Department

C. Housekeeping Department

D. Safety and Security Department

21. Other things being remain same, Decrease in Variable cost will _______ BEP and Decrease in Selling Price will _______ BEP.

A. Increase, Decrease

B. Increase, Increase

C. Decrease, Increase

D. Decrease, Decrease

22. Diamond design Lab has agreed to develop a software for payroll system in the Sun Pharma Ltd. Sun pharma pays the Diamond design Lab after completing every successful step of development. Which one suitable method Diamond Lab should select for revenue recognition?

A. Franchising contract method

B. Proportionate completion contract method

C. When the product is finally Installed

D. After testing the product

23. Which of the following is not an income element of Pathology Department?

A. Molecular Tissue Serology

B. Serum/Plasma Testing

C. Blood Test

D. Physiotherapy

24. Information Technology & Information Technology enabled Services (IT & ITeS), include

A. Library

B. Interpreting

C. Consulting

D. Accountancy

25. ________ in contract empowers a contractor to revise the price of a contract if increase in prices of inputs due to some macro-economic or other agreed reasons.

A. Manpower

B. Government partnership

C. Escalation Clause

D. Ordinary clause

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Accounting and Finance for services Mcqs

Study For Buddies January 24, 2022 0

SY Semester 3 MCQS

Accounting and Finance for services Mcqs

S.Y B.COM

SEMESTER - 3

ACCOUNTING AND FINANCE FOR SERVICES

(AFS)

MCQS: OCTOBER 2018

1. According to principles for recognition of profit on incomplete contract, if percentage of completion is between 26%-50%, then the profit to be transferred to Profit & Loss A/c is _________.

A. 1/3 of NP(CR/WC)

B. Profit is recognized on the basis of estimated total profit

C. Nil

D. 2/3 of NP(CR/WC)

2. From the following information, calculate 'Occupancy Rate' assuming 360 Days in a year. Inpatient Days = 15,000; Staff Beds=50; Total number of Patients = 2,500

A. 50%

B. 60%

C. 69.44%

D. 83.33%

3. Which of the following is not true for Work Certified?

A. It is considered for calculating percentage of completion.

B. It represents work done during the period, and also certified by the architect/surveyor.

C. It does not include profit element, since it is based on contract price.

D. All are True

4. MICE refers to:

A. Meetings, Incentives, Conventions and Exhibitions

B. Member, Incentives, Conventions and Efficiency

C. Maximum, Interest, Company and Extension

D. Meetings, Incentives, Company and Extension

5. The Union Cabinet has approved the proposal of the Department of Commerce to give focussed attention to 12 identified service sectors for promoting their development, and realizing their potential. What are these 12 special services called?

A. Financial services

B. Champion services

C. Potential services

D. Government services

6. The rent of Double Room Suite is to be fixed 2 times of the Single Room Suite and rent of Triple Room Suite as three times of the Double Room Suite. Calculate Ratio of Room Rent to be charged.

A. 3:2:1

B. 1:2:3

C. 1:2:4

D. 1:2:6

7. Which of the following is not included in e-Visa?

A. e-Business Visa

B. e-Tourist Visa

C. e-Medical Visa

D. e-Education Visa

8. Lower Average Length of Stay (ALOS) means _________.

A. Lower Efficiency

B. Higher Efficiency

C. No Efficiency

D. None of these

9. From the following information, Calculate RevPAR.

Number of rooms=100, Average room rate=Rs.300, Average occupancy rate-60%, Period = 80 days

A. Rs.180

B. Rs.14,400

C. Rs.48

D. Rs.4800

10. Average Occupancy Percentage = 80%, Number of rooms available = 3,000 rooms, Rooms Revenue Rs.3,00,000. What will be Average Daily Rate?

A. Rs. 80

B. Rs.125

C. Rs.100

D. None of these

11. Some patients go to a hospital just for diagnosis, treatment, or therapy and then leave without staying overnight. Such patients are called ________.

A. Inpatients

B. Outpatients

C. Both A and B

D. None of these

12. According to Revenue Recognition (AS 9), which method is adopted for recognising revenue in case of 'Tution Fees'?

A. Completed Service Contract method

B. Proportionate completion method

C. Neither 'A' nor 'B'

D. Both 'A' and 'B'

13. If percentage of completion of incomplete contract is 45%, Notional profit is Rs.5,00,000, Cash Received is Rs.90,00,000 and Work Certified is Rs.1,00,00,000, Calculate how much profit is to be transferred to Profit & Loss A/c.

A. Rs.1,50,000

B. Rs.10,00,000

C. Rs.5,00,000

D. Rs.3,00,000

14. Service sector includes:

A. Financial services

B. Transport and Logistics

C. Entertairriment

D. All of these

15. Sale of Food & Beverages= Rs.10,000; Cost of Food & Beverages= Rs.6,000; Repairs & Maintenance of Kitchen = Rs.1,000; Stationery Expense= Rs.500; Audit Fees = Rs.500. What will be the amount of profit from Food & Beverages Department?

A. Rs.4,000

B. Rs.2,500

C. Rs.2,000

D. Rs.3,000

16. Income form Blood Bank, Blood Test, Serum or Plasma testing, Tissue Testing etc. is considered as Income from

A. IPD Department

B. Pharmacy Department

C. OPD Department

D. Pathology Department

17. Which of the following is/are characteristics of services?

A. Intangibility

B. Inseparability

C. Not transfer of ownership

D. All of these

18. In hotels, ________ indicates the proportion of rooms either sold or occupied to the number of rooms available for the selected date or period.

A. Average Daily Rate

B. Average Rate per Guest

C. Foreign Visitors Ratio

D. Occupancy Percentage

19. A Hotel arranged a la Banquet for 1,000 persons. It was estimated that the food cost will be Rs.50,000, additional cost of staff will be Rs.20,000 and overhead could be allowed for at 20% of sales. What charge per guest should be made in order to produce a net profit of 10%?

A. Rs. 250

B. Rs. 200

C. Rs. 100

D. None of these

20. Welcome Hotel has three types of suites for its customers, viz. Single Room, Double Room and Triple Room. Following information is available:

Type of Suite	Number	Occupancy
Single Room	100	100%
Double Room	50	80%
Triple Room	30	60%

Calculate Annual Room Days for all three types of Suites repectively. Assume 360 days in a year.

A. 35,000:14,000:6,500

B. 38,000:12,000:6,000

C. 10,000 4,000: 1,800

D. 36,000: 14,400: 6,480

21. From the following information, Calculate Average Length of Stay(ALOS). Total Patient Days 20,000; Outpatient Days= 9,000, Number of Inpatients Discharges = 2,000

A. 8 Days

B. 9 Days

C. 5.5 Days

D. 6.5 Days

22. Hotels can be classified on the basis of:

A. Nature

B. Tariff

C. Standards

D. All of these

23. In Accounting f for Real Estate Developers, which of the following costs should not be considered as a part of construction costs and development costs if they are material?

A. A Cost of Hiring Plant and Equipment

B. Research and Development Costs

C. Site Labour Costs

D. Depreciation of Plant and Equipment used for the project

24. From the following information, Calculate Patient Days of Narayan Hospital for General ward.

(Assume 365 Days in a Year)

Number of Wards=10

Number of Beds in each Ward = 20

Occupancy Rate for 200 Days =100%

Occupancy Rate for the rest of the year = 80%

A. 65,000

B. 32,000

C. 68,000

D. 66,400

25. Which of the following can be a Department in a Hotel?

A. Housekeeping

B. Finance and Accounts

C. Front Office

D. All of these

26. Cash Received from Contractee, which is 90% of Work Certified is Rs.1,43,82,000. Contract price is Rs.1,82,00,000. Calculate Work Certffed.

A. Rs. 1,63,80,000

B. Rs. 1,29,43,800

C. Rs.1,59,80,000

D. Rs. 12,654

27. Calculate Net income of Radiology department from the following details of Max Hospital:

Consultation charges receipt = Rs.2,00,000

Blood Test fees = Rs.87,000

Ultrasonography = Rs.1,25,000

Digital X-ray = Rs.25,000

Room charges = Rs.1,00,000

Salaries and Wages (Radiology Department) = Rs.25,000

Salaries and Wages (Pathology Department) = Rs.30,000

A. Rs.2,12,000

B. Rs.3,12,000

C. Rs.1,25,000

D. Rs.4,82,000

28. _________ refers to the fact that services cannot be saved, stored, resold, or retuned.

A. Customer participation

B. Heterogeneity

C. Perishability

D. None of these

29. What is the full form AYUSH?

A. Ayurveda, Yoga, Unani, Siddha, Homeopathy

B. Allopathy, Yoga, Unani, Siddha,Homeopathy

C. Allopathy, Yoga, Unani, Spiritual,Homeopathy

D. Allopathy, Yoga, Union, Siddha, Homeopathy

30. Calculate Net Revenue per Patient using the following information:

Gross Revenue =Rs. 12,00,000, Net Revenue = Rs. 10,00,000, Total Number of Inpatients = 2,000 Total Number of Outpatients = 3,000

A. Rs.333

B. Rs.200

C. Rs.240

D. Rs.500

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Sunday, January 23, 2022

Higher Financial Accounting Mcqs

Study For Buddies January 23, 2022 1

SY Semester 3 MCQS

S.Y B.COM

SEMESTER - 3

HIGHER FINANCIAL ACCOUNTING

(HFA)

MCQS - UNIT 1

CHAPTER 2 :- SHARE & SHARE CAPITAL

ISSUE OF SHARES FOR CONSIDERATION OTHER THAN CASH

1. A share of Rs. 100 each is forfeited for non-payment of allotment money of 750 (including premium Rs.20) and first and final call of Rs.20. Amount credited to share Forfeited Account will be

A. Rs. 50

B. Rs. 30

C. Rs. 20

D. Rs. 80

2. A share of Rs. 100 each issued at 10% discount is forfeited for non-payment of first and final call of Rs. 20 and is re-issued for Rs.80 credited as fully paid up. The amount of discount to be debited to share forfeited A/c is

A. Rs. 10

B. Rs. 20

C. Rs. 30

D. Rs. 60

3. Z Ltd. issued 1,50,000 shares of Rs.100 each at discount of 10%. Mr. Gopi to whom 300 shares were allotted, failed to pay the final call of Rs.30 per share and hence all the shares are forfeited. What amount is transferred to shares forfeiture A/c?

A. Rs.9000

B. Rs.21,000

C. Rs.18,000

D. Rs.27,000

4. If shares issued at premium are forfeited for non-payment of call money including premium amount then at the time of forfeiture of such shares.

A. Share premium A/c will be debited in respect of unpaid premium amount.

B. Share premium A/c will be credited in respect of unpaid premium amount.

C. Outstanding calls A/c will be debited in respect of unpaid premium amount.

D. Outstanding calls A/c will be credited in respect of unpaid premium amount.

5. As per schedule lll of the companies Act, 2013, forfeited shares A/c will be

A. Added to paid up capital

B. Deducted from paid-up capital

C. Shown as a capital reserve

D. Shown as a revenue reserve

6. The discount allowed on re-issue of forfeited shares is debited to.

A. General reserve A/c

B. Capital reserve A/c

C. Revaluation reserve A/c

D. None of these

7. When shares are forfeited, the share capital A/c is debited with and the shares forfeited account is credited with

A. Paid-up capital of shares forfeited, calls up capital of shares forfeited

B. Called up capital of shares forfeited, call-in-arrears of shares forfeited

C. Called up capital of shares forfeited, Amount received on shares forfeited

D. Calls-in-arrears of shares forfeited, Amount received on shares forfeited.

8. Which of the following statements is false?

A. The forfeited shares should not be issued at a premium.

B. On forfeiture of shares, share or security premium A/c is not debited with the amount of premium received.

C. Shares cannot be issued at a discount

D. Share premium cannot be transferred to capital Reserve.

9. At the time of forfeiture of shares which were originally issued at a premium and fully collected, the accounting entry will be

(I) A debit share capital A/c with the called -up value of shares forfeited

(II) A credit share forfeiture A/c with the amount received on forfeited shares

(III) A credit premium on issue of shares with the amount of premium received on forfeiture Shares

(IV) A credit calls-in-arrears with the amount due but not paid on forfeited shares

A. Both (I) & (IV)

B. Both (IV) & (III)

C. Both (I), (II) & (IV)

D.a (I), (II), (III), & (IV)

10. A company forfeited 30 equity shares of Rs.10 each fully called up, for non-payment of allotment money of Rs.4 each. If these shares are re-issued at Rs.7 per share fully paid, the amount transferable to capital reserve will be

A. Rs.300

B. Rs.60

C. Rs.90

D. Rs.30

11. Z Ltd issued 20,000 shares of Rs.10 each. The called up value per share was Rs. 8. The Company forfeited 300 shares of Mr. A for non-payment of 1st call money of Rs.2 per share. He paid Rs.6 for application and allotment money. On forfeiture, the share capital A/c will be

A. Debited Rs.2,400

B. Debited by Rs.2,000

C. Credited by Rs.1,800

D. Debited by Rs. 2,200

12. A Ltd issued shares of Rs.10 each at a discount of 10%. Mr. B purchased 60 shares and paid Rs. 2 on application but did not pay the allotment money of Rs.3. If the company forfeited his entire shares, the forfeiture A/c will be credited by

A. Rs. 180

B. Rs. 162

C. Rs. 120

D. Rs. 1.8

13. Alfa Ltd issued shares of Rs.10 each at a discount of 10%. Mr. C purchased 30 shares and paid Rs.2 on application but did not pay the allotment money of Rs.3. IT the Company forfeited his entire shares, the forfeiture A/c will be credited by

A. Rs. 90

B. Rs. 81

C. Rs. 60

D. Rs. 54

14. A Company forfeited 1,000 shares of Rs.10 each (which were issued at par) held by Mr. John for non-payment of allotment money of Rs. 4 per share. The called-up value per ehare was Rs.8. On forfeiture, the amount debited to share capital will be

A. Rs. 10,000

B. Rs. 8,000

C. Rs. 2,000

D. Rs. 18,000

15. X Ltd forfeited 100 Shares of Rs. 10 each issued at a discount of 10% to Ravi on which he had paid Rs.2.50 per share on application and Rs. 2.50 per share on allotment but on which he had not paid Rs. 2 on First Call. In case of forfeiture, share capital A/c will be debited by

A. Rs.800

B. Rs.700

C. Rs.900

D. Rs.1000

16. Z Ltd forfeited 600 shares of Rs.10 each, on which first call of Rs.3 per share was not received, the second and final call of Rs.2 per share has not yet been called. Forfeited share A/c will be credited with

A. Rs.3,000

B. Rs.2,000

C. Rs.1,500

D. Rs.1,000

17. When shares are forfeited, the share capital A/c is debited with and the share Forfeiture A/c is credited with

A. Paid-up capital of shares forfeited, Called up capital of shares forfeited

B. Called-up capital of shares forfeited, Calls in arrear of shares forfeited

C. Called-up capital of shares forfeited, Amount received on shares forfeited

D. Calls in arrears of shares forfeited, amount received on shares forfeited

18. Which of the following statements is false?

A. The forfeited shares should not be issued at a premium

B. At the time of forfeiture of shares, share premium should not be debited with The amount of premium already received

C. Shares can be issued at a discount only after one year from the commencement

of business

D. Share premium cannot be utilized to redeem preference Share

19. When shares are forfeited, the share capital A/c is debited with and the share Forfeiture A/c is credited with

A. Paid-up capital of shares forfeited, Called up capital of shares forfeited

B. Called up capital of shares forfeited, calls in arrear of shares forfeited

C. Called up capital of shares forfeited, Amount received on shares forfeited

D. Calls in arrears of dhares forfeited, Amount received on shares forfeited

20. If on a share of Rs.100 where called up capital is Rs.90, while the Company received Rs.80, the Capital Account should be credited with

A. Rs.100

B. Rs.90

C. Rs. 80

D. Rs.70

21. A holder of 100 shares did not pay the final call and his shares were forfeited. Share capital A/c will be debited by

A. Rs.650

B. Rs.850

C. Rs.1,000

D. Rs.900

22. If a share of Rs.10 issued at a premium of Rs.1, on which Rs.9 (including premium) have been called, and Rs. 7 (including premium) paid is forfeited, the capital A/c should be debited by

A. Rs. 8

B. Rs.9

C. Rs.7

D. Rs.6

23. In case if the shareholders failed to pay the called amount, the Directors cancel their shares. Which A/c should be debited for the paid up value of the share?

A. Share call A/c

B. Share Capital A/c

C. Share forfeiture A/c

D. All of these

24. If the premium on the forfeited share has already been received, than share premium A/c should be

A. Credited

B. Debited

C. Cannot be cancelled

D. None of these

25. On an equity share of Rs. 20, the Company has called up Rs. 18 but ehares were forfeited on forfeiture of the shares the share capital A/c would be debited by-

A. Rs 20

B. Rs.188

C. Rs. 14

D. Rs. 10

26. A Company issues 50,000 equity shares of Rs. 100 each at a discount of 10% (allowed at the time of allotment) the net amount payable is as follows:

• On application 20

• On allotment 20

• On first call 25

• On final call 25

Shveti holding 100 shares did not pay final call money. His shares were forfeited. Amount credited to forfeited share A/c will be-

A. Rs. 6000

B. Rs. 6500

C. Rs. 5000

D. None of the above

27. Gopal was holding 100 shares of Rs. 10 each of a Company on which he had paid Rs. 3 on application and Rs. 2 on allotment but could not pay Rs. 2 on first call.

Directors forfeited the above share. Share Capital will be debited by:

A. Rs.1000

B. Rs. 700

C. Rs. 500

D. Rs. 800

28. Mr. Rajiv was the holder of 200 shares of 10 each in RPG Ltd upon which Rs. 5 per share had been called up but he had paid only Rs. 2.5 per share thereon. The Company forfeited his shares and afterwards sold them to satbir, credited as Rs. 5 Per share paid for Rs. 900.

The amount to be transferred to Capital reserve is:

A. Rs. 300

B. Rs. 500

C. Rs. 400

D. None of the above

29. On an equity share of Rs. 20, the Company has called up Rs. 18 but a shareholder paid only Rs.14 and his shares were forfeiture on his shares the share forfeited A/c would be

A. Credited by Rs.20

B. Debited by Rs.18

C. Credited by Rs.14

D. Debited by Rs.10

30. X was allotted 30 shares of Rs.10 each issued at a discount of 10%. He paid Rs.2 on application and failed to pay allotment money of Rs.3. Subsequently his shares were forfeited. The accounting entry of forfeiture would be

A. Share capital debit Rs.150, credit share forfeited A/c Rs.60, share allotment A/c, Rs.90

B. Share capital debit Rs.180, credit share forfeited A/c Rs.60, share allotment A/c, Rs.120

C. Share capital debit Rs.180, credit share forfeited A/c Rs.60, share allotment A/c Rs.90, discount A/c Rs. 30

D. Share capital debit Rs.150, credit share forfeited A/c Rs.60, share allotment A/c Rs.60, discount A/c Rs.30

31. X was allotted 50 shares of Rs. 10 each issued at a premium of 10%. He paid Rs.2 on application and failed to pay allotment money of Rs.4 (including premium). Subsequently his Shares were forfeited. The accounting entry of forfeiture would be

A. Debit share capital A/c Rs. 250, share premium A/c Rs.50, Credit share Allotment A/c Rs.200, Share forfeited A/c Rs.100

B. Debit share capital A/c Rs.300, Credit Share allotment A/c Rs.200, Share forfeited A/c Rs.100

C. Debit share capital A/c Rs.300, Credit share allotment A/c Rs.150, share Forfeited A/c Rs. 50

D. None of the above

32. A Company forfeited 2,000 shares of Rs.10 each (which were issued at par) held by Mr. John for non-payment of allotment money of Rs.4 per share. The called-up value per share was Rs.9. On forfeiture, the amount debited to share Capital?

A. Rs.10,000

B. Rs. 8,000

C. Rs. 2,000

D. Rs.18,000

33. If vendors are issued fully paid shares of 80,000 in consideration of net assets of Rs.60,000, then the balance of Rs.20,000 will be

A. Debited to profit and loss A/c

B. Debited to goodwill A/c

C. Credited to Capital reserve A/c

D. Credited to share premium A/c

34. If vendors are issued fully paid shares of Rs.1,00,000 in consideration of Net Assets of Rs.1,20,000, the balance of Rs.20,000 will be credited to

A. Goodwill Account

B. Capital Reserve Account

C. P&L Account

D. Vendor's Account

35. When shares were issued to promoters, which A/c should be debited:

A. Share Capital A/c

B. Assets Ac

C. Promoters A/c

D. Goodwill A/c

36. X Ltd purchased an automatic butting machine from a vendor for Rs. 1,65,000. The Company allotted him equity shares at a premium of 10% instead of paying him in cash. The vendor will be allotted- equity shares of Rs.10 each

A. 15,000

B. 16,500

C. 13,500

D. 16,000

37. G Ltd acquired assets worth Rs.7,50,000 from H Ltd by issue of shares of Rs.100 at a premium of 25%. The number of shares to be issued by G Ltd to settle the purchase consideration

A. 6,000 Shares

B. 7,500 Shares

C. 9,375 Shares

D. 5,625 Shares

38. Which one of the following statements regarding forfeiture of Shares is not correct ?

A. Forfeited Shares may be re-issued at a discount or at a premium.

B. The title of the new purchaser is not affected by any irregularity in the forfeiture or sale of the shares.

C. Return of allotment of re-issue of forfeited shares is filed with the registrar of companies.

D. Board may consider the request from the defaulting ex-shareholder for the cancellation of forfeiture before the disposal of forfeited shares.

39. 500 shares of Rs. 20 each issued at 5% discount are forfeited for non-payment of allotment and final call money @9 and ? 5 respectively. Account credited to share forfeited A/c is

A. Rs.2,000

B. Rs.2,500

C. Rs. 3,000

D. Rs.7,000

40. Tree Ltd. forfeited 500 shares of Rs. 20 each issued at 5% discount, for non payment of allotment & final call of 9 and Rs. 5 respectively. Amount credited to share Forfeiture A/c will be

A. 3,500

B. 2,500

C. 3,000

D. 4,000

41. Z Ltd issued 10,000 shares of Rs.10 each. The called up value per share was Rs.8. The company forfeited 200 shares of Mr. A for non-payment of 1st call money of Rs.2 per shares. He paid Rs. 6 for application and allotment money. On forfeiture, the share capital A/c will be

A. Debited by Rs. 2,000

B. Debited by Rs.1,600

C. Credited by Rs.1,600

D. Debited by Rs.1,200

42. B Ltd issued shares of Rs.10 each at a discount of 10% Mr. C purchased 30 shares and paid Rs.2 on application but did not pay the allotment money of Rs.3. If the company forfeited his entire shares, the forfeiture A/c will be credited by

A. Rs. 90

B. Rs. 81

C. Rs. 60

D. Rs. 54

43. A Company forfeited 2,000 shares of Rs. 10 each (which were issued at par) held by Mr. John for non-payment of allotment money of Rs.4 per share. The called-up value per share was Rs.9. On forfeiture, the amount debited to share capital will be

A. Rs. 10,000

B. Rs. 8,000

C. Rs. 2,000

D. Rs. 18,000

44. Z Ltd issued 10,000 shares of Rs.10 each. The called up value per share was Rs. 8. The Company forfeited 200 shares of Mr. A for non-payment of 1st call money of Rs.2 Per share. He paid Rs. 6 for application and allotment money. On forfeiture, the share capital A/c will be

A. Debited by Rs.2,000

B. Debited by Rs.1,600

C. Credited by Rs.1,600

D. Debited by Rs.1,200

45. At whom 100 shares of Rs.10 each was allotted at par, paid Rs.3 on application, Rs.3 on allotment but could not pay the first and final call money of Rs.4. His share eere forfeited by the directors. The amount to be credited to shares forfeited A/c will be

A. Rs. 500

B. Rs. 400

C. Rs. 600

D. Rs. 1,000

46. Mr. Sharma holding 1000 equity shares of Rs. 10/- each issued at a discount of 10% could pay Rs.3.50 on application, but could not paid the allotment money of Rs.2.5 per share and his shares were forfeited. In the books of the Company, shares forfeited A/c will be credited by

A. Rs.2,500

B. Rs.1,500

C. Rs. 3,500

D. Rs.2,000

47. Anju Ltd forfeited 300 equity shares of Rs. 10 each fully called-up, held by Manju for non-payment of final call @Rs.4 each. However, she paid application money @Rs. 2 per share and allotment money @Rs.4 per share. These shares were originally issued at par. The amount to be credited to share forfeiture A/C Will be

A. Rs.1,200

B. Rs.3,000

C. Rs.4,200

D. Rs. 1,800

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