1.Management means forecasting, planning, organising, directing, coordinating and controlling Who said this

A.Peter fdrucker



D.FW Taylor

Answer: Henry fayol

2.Which of the following is not a part of management





Answer: Communication

3.Father of modern management is

  1. Henry feyol
  2. Koontz and O’Donnell
  3. FW Taylor
  4. Stainley vense

Answer: Koontz and O’Donnell

5.Management is concerned with

  1. Legislative functions
  2. Administrative functions
  3. Executive functions
  4. All of these

Answer: Executive functions

6.Democratic leader

  1. Can avoid the exercise of authority
  2. Can avoid the responsibility
  3. for what happens to his organisation
  4. Must be tough enough to win fight
  5. Must kick and employee when he down

Answer: a) Can avoid the exercise of authority

7.The fundamental components of Management does not include

  1. Planning
  2. Organisation
  3. Motivation
  4. Budgeting

Answer: Motivation

8.According to Fayol, functions of Management are

  1. a)Planning and organising
  2. b)Direction and
  3. c)coordination Control
  4. d)All of the above

 Answer: All of the above

9 . Management is

  1. a)A r t
  2. b)S c i e n c e
  3. c)P r o f e s s i o n
  4. 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

  1. a)Planning
  2. Decision making
  3. Effective control
  4. Authority

Answer: Decision making

11.Who is the founder of Administrative Management

  1. Elton Mayo
  2. FW Taylor
  3. Max Waiver
  4. Henry fayol

Answer: Henry fayol

12.Span of management refers to Number of managers

  1. Length of term for which a manager is appointed
  2. Number of subordinates under superior
  3. Number of members in top management

Answer: Number of subordinates under superior

13.Share warrants can be issued by a company when

  1. Application money has been paid on shares
  2. Shares are partly paid
  3. Shares are fully paid
  4. 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

  1. Promoter’s account
  2. Goodwill account
  3. Preliminary expenses account
  4. General expenses account

Answer: Goodwill account

15.In case of issue of shares at discount, the rate of discount should not be more than

  1. 5%
  2. 7.5%
  3. 10%
  4. 11%

Answer: 10%

16.Balance of share forfeiture account is shown in the balance sheet under the heading Current

  1. liabilities and provisions
  2. Reserve and surplus
  3. Share capital
  4. Unsecured loan

Answer: Reserve and surplus

17.The convertible preference share is converted into Participative

  1. preference share
  2. Debentures
  3. Redeemable preference share
  4. Equity shares

Answer: Equity shares

18.A public limited company can issue Redeemable

  1. equity share
  2. Secured equity shares
  3. Redeemable debentures
  4. All of the above

Answer: Redeemable debentures

19.Sweat equity shares can be issued by

  1. Special resolution
  2. special resolution sanction from NCLT
  3. Ordinary resolution  sanction from NCLT
  4. None of the above

Answer: Special resolution

20.Discount allowed on issue of shares is an example of

  1. Capital expenditure
  2. Deferred revenue expenditure
  3. Revenue expenditure
  4. Accrued income

Answer: Deferred revenue expenditure

21.Debenture holders are

  1. Debtors of the Company
  2. Creditors of the Company
  3. Debtors of the Company
  4. Owners of the Company

Answer: B) Creditors of the Company

22.The statutory meeting of a company is conveyed

  1. Once in a year
  2. Once in the lifetime of the company
  3. Once in 6 months
  4. Once in 3 months

Answer: Once in the lifetime of the company

23.Debentures indicate the

  1. Short-term Borrowings of a Company
  2. Directors’ shares in a company
  3. The Investment of Equity-Shareholders
  4. Long-term Borrowings of a Company 

Answer: D) Long-term Borrowings of a Company

24.Guaranteed profit is given to the the

  1. Retiring partner
  2. Incoming partner
  3. Heirs of the deceased partner
  4. All of the above

Answer: Incoming partner

25.In partnership under fixed capital account method, which of the following account is opened

  1. Partners capital account
  2. Partners current account
  3. 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

  1. Old ratio New ratio
  2. Sacrificing ratio
  3. Gaining ratio

Answer: Sacrificing ratio

27.Profit and loss should be shared in the partnership

  1. In the same proportion
  2. In proportion to capital
  3. According to partnership deed
  4. None of the above

Answer: According to partnership deed

28.Revaluation account is

  1. Personal account
  2. Real account
  3. Nominal account
  4. None of these

Answer: Nominal account

29.New ratio – old ratio

  1. Profit and loss ratio
  2. Sacrificing ratio
  3. Profit yield ratio
  4. None of these

Answer: Sacrificing ratio

30.In the case of winding up of the firm, what essentially ends?

  1. cooperative society
  2. partnership
  3. company
  4. none of these

Answer: partnership

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