B.COM ENTRANCE EXAM 2021
MULTIPLE CHOOSE QUESTIONS
TOP 30+MCQ
1.Management means forecasting, planning, organising, directing, coordinating and controlling Who said this
A.Peter fdrucker
B.Henryfayol
C.Parkins
D.FW Taylor
Answer: Henry fayol
2.Which of the following is not a part of management
A.Planning
B.Staffing
C.Budgeting
D.Communication
Answer: Communication
3.Father of modern management is
- Henry feyol
- Koontz and O’Donnell
- FW Taylor
- Stainley vense
Answer: Koontz and O’Donnell
5.Management is concerned with
- Legislative functions
- Administrative functions
- Executive functions
- All of these
Answer: Executive functions
6.Democratic leader
- Can avoid the exercise of authority
- Can avoid the responsibility
- for what happens to his organisation
- Must be tough enough to win fight
- Must kick and employee when he down
Answer: a) Can avoid the exercise of authority
7.The fundamental components of Management does not include
- Planning
- Organisation
- Motivation
- Budgeting
Answer: Motivation
8.According to Fayol, functions of Management are
- a)Planning and organising
- b)Direction and
- c)coordination Control
- d)All of the above
Answer: All of the above
9 . Management is
- a)A r t
- b)S c i e n c e
- c)P r o f e s s i o n
- d)A l l o f t h e s e
Answer: A l l o f t h e s e
10.All managerial functions are settled by managers with the tool of
- a)Planning
- Decision making
- Effective control
- Authority
Answer: Decision making
11.Who is the founder of Administrative Management
- Elton Mayo
- FW Taylor
- Max Waiver
- Henry fayol
Answer: Henry fayol
12.Span of management refers to Number of managers
- Length of term for which a manager is appointed
- Number of subordinates under superior
- Number of members in top management
Answer: Number of subordinates under superior
13.Share warrants can be issued by a company when
- Application money has been paid on shares
- Shares are partly paid
- Shares are fully paid
- Shares are lost
Answer: Shares are fully paid
14.On issue of shares to promoters for consideration other than cash, the account to be debited is
- Promoter’s account
- Goodwill account
- Preliminary expenses account
- General expenses account
Answer: Goodwill account
15.In case of issue of shares at discount, the rate of discount should not be more than
- 5%
- 7.5%
- 10%
- 11%
Answer: 10%
16.Balance of share forfeiture account is shown in the balance sheet under the heading Current
- liabilities and provisions
- Reserve and surplus
- Share capital
- Unsecured loan
Answer: Reserve and surplus
17.The convertible preference share is converted into Participative
- preference share
- Debentures
- Redeemable preference share
- Equity shares
Answer: Equity shares
18.A public limited company can issue Redeemable
- equity share
- Secured equity shares
- Redeemable debentures
- All of the above
Answer: Redeemable debentures
19.Sweat equity shares can be issued by
- Special resolution
- special resolution sanction from NCLT
- Ordinary resolution sanction from NCLT
- None of the above
Answer: Special resolution
20.Discount allowed on issue of shares is an example of
- Capital expenditure
- Deferred revenue expenditure
- Revenue expenditure
- Accrued income
Answer: Deferred revenue expenditure
21.Debenture holders are
- Debtors of the Company
- Creditors of the Company
- Debtors of the Company
- Owners of the Company
Answer: B) Creditors of the Company
22.The statutory meeting of a company is conveyed
- Once in a year
- Once in the lifetime of the company
- Once in 6 months
- Once in 3 months
Answer: Once in the lifetime of the company
23.Debentures indicate the
- Short-term Borrowings of a Company
- Directors’ shares in a company
- The Investment of Equity-Shareholders
- Long-term Borrowings of a Company
Answer: D) Long-term Borrowings of a Company
24.Guaranteed profit is given to the the
- Retiring partner
- Incoming partner
- Heirs of the deceased partner
- All of the above
Answer: Incoming partner
25.In partnership under fixed capital account method, which of the following account is opened
- Partners capital account
- Partners current account
- Both a and b
None of these Answer: Both a and b
26.The amount of goodwill brought in by new partner is transferred to old partners in
- Old ratio New ratio
- Sacrificing ratio
- Gaining ratio
Answer: Sacrificing ratio
27.Profit and loss should be shared in the partnership
- In the same proportion
- In proportion to capital
- According to partnership deed
- None of the above
Answer: According to partnership deed
28.Revaluation account is
- Personal account
- Real account
- Nominal account
- None of these
Answer: Nominal account
29.New ratio – old ratio
- Profit and loss ratio
- Sacrificing ratio
- Profit yield ratio
- None of these
Answer: Sacrificing ratio
30.In the case of winding up of the firm, what essentially ends?
- cooperative society
- partnership
- company
- none of these
Answer: partnership
