Chief General Manager Society Category-2015(297/2011)



Chief General Manager Society Category

Question Paper Code: 2/2015/OL

Category Code: 297/2011

Medium of Question: English

Date of Test 27-01-2015

Question 1 : Who has won the shanti swaroop Bhatnagar award 2014 for Biological science

1. Roop Malik

2. G.Venkatamohan

3. Anurag Agarwal

4. K.Ramakrishnaprasad


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1. Roop Malik

Question 2 : The place where Ayyankali started a school for the depressed classes in 1904

1. Vizhinjam

2. Varkala

3. Venganur

4. Panmana


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3. Venganur

Question 3 : ‘Mathrubhoomi’, the national daily in malayalam started its publication in

1. 1922

2. 1923

3. 1924

4. 1925


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2. 1923

Question 4 : What was the slogan for Asian games held at Incheon 2014

1. Green,Clean and Friendship

2. We cheer, We share, We win

3. The Games of your life

4. Diversity shines Here


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4. Diversity shines Here

Question 5 : ………….. is the centre of Mukuthisamaram held in Kerala

1. Arattupuzha

2. Chengara

3. Panthalam

4. Chempazhanthi


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3. Panthalam

Question 6 : Which amendment of Indian Constitution gave Delhi the title ‘National Capital Territory’

1. 67

2. 69

3. 68

4. 86


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2. 69

Question 7 : Which among the following is the publication of Kerala Grandhasala Sangam

1. Keli

2. Thaliru

3. Grandhalokam

4. Malayalee


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3. Grandhalokam

Question 8 : Jeevitha Samaram is the autobiography of ………….

1. Cherukadu

2. C.Kesavan

3. T.K.Madhavan

4. Vagbhatananda


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2. C.Kesavan

Question 9 : ………. is the free medical treatment scheme of Kerala government to children below 18 years suffering severe deseases

1. Snehitha

2. Thalolam

3. Kaithangu

4. Kiranam


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2. Thalolam

Question 10 : Which among the following was a Bhuddhist centre of ancient Kerala

1. Vizhinjam

2. Sreemoolavasam

3. Kanthalur

4. Ezhimalai


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2. Sreemoolavasam


Question 11 : ________ is the supreme and final authority of a co-operative society

1. Government

2. The General Body

3. Registrar

4. Secretary


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2. The General Body

Question 12 : The first co-operative Societies Act in India was passed in the year

1. 1912

2. 1904

3. 1969

4. 1903


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2. 1904

Question 13 : The word co-operation is derived from the Latin word

1. Co-partnership

2. Co-op

3. Co operari

4. None


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3. Co operari

Question 14 : The home for co-operative store movement

1. Germany

2. USA

3. England

4. Denmark


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3. England

Question 15 : The first co-operative minister of Kerala

1. Joseph Mundassery

2. Sri Baby John

3. M.V Raghavan

4. None of the above


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1. Joseph Mundassery

Question 16 : The remuneration given to the president of a society is called

1. Salary

2. Commission

3. Honorarium

4. Bonus


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3. Honorarium

Question 17 : The co operative society having the area of operation to the whole of the state is called

1. Primary Co operative Society

2. Apex Society

3. Central Co operative

4. None of the above


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2. Apex Society

Question 18 : The Father of co-operative movement is

1. Dr Gadgil

2. Robert Owen

3. Raiffeisen

4. Dr. William King


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2. Robert Owen

Question 19 : District level co operative banks are known as

1. Urban Banks

2. Primary Banks

3. Apex Bank

4. Central Bank


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4. Central Bank

Question 20 : To become a member of credit society an individual should have attain the age of

1. 18

2. 28

3. 25

4. 21


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1. 18


Question 21 : The objective of creating reserve fund by the co-operative society is

1. To meet unforeseen losses

2. To pay off the debt of the society

3. to pay off the debts due to government

4. To pay dividend


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1. To meet unforeseen losses

Question 22 : The motto of cooperative society is based on

1. all for each

2. each for all

3. each for all and all for each

4. all for all


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3. each for all and all for each

Question 23 : The main refinancing agency of co-operative banks

1. RBI

2. SBI

3. NABARD

4. NHB


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3. NABARD

Question 24 : Audit of co operative society is done by

1. Charted Accountant

2. Co -operative department of India

3. Co operative Department of the State

4. Internal Auditor


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3. Co operative Department of the State

Question 25 : Hawthorne experiment is associated with :

1. Henry Fayol

2. Fedrick W. Taylor

3. Theodore Levitt

4. George Elton Mayo


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4. George Elton Mayo

Question 26 : An obligation to remain with an organisation for moral or ethical reasons is :

1. Continuance commitment

2. Affective commitment

3. Normative commitment

4. Organisational commitment


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3. Normative commitment

Question 27 : Diversification by adding new, unrelated products or services for present customers is referred to as :

1. Product development

2. Conglomerate diversification

3. Concentric diversification

4. Horizontal diversification


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4. Horizontal diversification

Question 28 : According to BCG Matrix,which division represents businesses with high growth rate and low market share ?

1. Stars

2. Dogs

3. Question Marks

4. Cash Cows


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3. Question Marks

Question 29 : Who translates the corporate strategy into concrete objectives for individual business ?

1. Functional level managers

2. Corporate level managers

3. Business level managers

4. Multi level managers


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3. Business level managers

Question 30 : Public distribution system is specifically associated with

1. Marketing system

2. Retailing system

3. Selling system

4. Industrial system


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2. Retailing system


Question 31 : ____________________=Kindliness x Justice

1. Fair remuneration

2. Subordination of individual interest to general interest

3. Stability of tenure of personnel

4. Equity


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4. Equity

Question 32 : Brain storming is a group activity exercise applied to get :

1. Single solution to single problem

2. Many solutions to a single problem

3. Many solutions to many problems

4. Single solution to many problems


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2. Many solutions to a single problem

Question 33 : Which of the following is not a step in MBO ?

1. Setting of organisational objectives

2. Formulating departmental objectives

3. Identifying the needs of the labour force

4. Establishing key result areas


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3. Identifying the needs of the labour force

Question 34 : Which of the following is not a qualitative method of forecasting ?

1. Econometric models

2. Intuition method

3. Panel Consensus method

4. Delphy method


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1. Econometric models

Question 35 : _____________________ propounded dual factor theory of motivation

1. Abraham Maslow

2. Douglas McGregor

3. Fedrick Herzberg

4. Henry Fayol


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3. Fedrick Herzberg

Question 36 : The Multinational corporation that experimented ‘Six Sigma’ for the first time was :

1. Maruti Udyog Ltd

2. Ford Motor Company

3. Motorola,Inc.

4. Toyota Motor Corporation


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3. Motorola,Inc.

Question 37 : The ability to influence a group towards the achievement of a vision or sets of goals is termed as:

1. Mission

2. Span of control

3. Leadership

4. Motivation


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3. Leadership

Question 38 : The planned elimination of of jobs in an organisation for cost cutting, declining market share, previous overaggressive hiring and growth, or outsourcing is termed as :

1. Rightsizing

2. Layoff

3. Retrenchment

4. Downsizing


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4. Downsizing

Question 39 : Which of the following is not associated with Michael Porter’s competitive forces in industry analysis?

1. Development of substitute products

2. Bargaining power of suppliers

3. Bargaining power of employees

4. Potential entry of new competitors


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3. Bargaining power of employees

Question 40 : The term ‘not binding in law’ related to

1. Valid contract

2. Voidable contract

3. Void contract

4. Unenforceable contract


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3. Void contract


Question 41 : As per Indian Contract Act, which of the statement is not true

1. Consideration of the contract may be past, present or future

2. Consideration may move from the promissee or any other person

3. A wager is an agreement by which money is payable by one person on the happening of an event only

4. Both A & B


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3. A wager is an agreement by which money is payable by one person on the happening of an event only

Question 42 : 1 Contract of guarantee described as per section…………..

1. 126

2. 112

3. 136

4. 146


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1. 126

Question 43 : In a contract of guarantee , a person who promises to discharge another’s liability ,is known as—————

1. Principal debtor

2. Creditor

3. Surety

4. Indemnified


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3. Surety

Question 44 : Which of the following statement is true as per Indian Contract Act

1. Past Consideration does not the part of Indian contract act

2. Consideration must be adequate

3. Consideration must result in a benefit to both parties

4. None of these


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4. None of these

Question 45 : The Consumer Protection Act provides for a three tier consumer disputes redressal system, in which the National Commission was established by the Central Government in August ———

1. 1986

2. 1987

3. 1988

4. 1989


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3. 1988

Question 46 : 1 Section 14 of IRDA Act ,1999 lays down ———

1. Objectives of IRDA

2. Duties, Powers and Functions of IRDA

3. Penalties of IRDA

4. Supervision of IRDA


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2. Duties, Powers and Functions of IRDA

Question 47 : TRAI should have a chair person. It should have a minimum——– members but number of members should not exceed ——–

1. 2,5

2. 3,6

3. 2,8

4. 2,6


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4. 2,6

Question 48 : As per Industrial Policy Resolution 1956, Industries are classified in to

1. Schedule A,B

2. Schedule A,B and C

3. Schedule A only

4. Schedule A, B, C and D


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2. Schedule A,B and C

Question 49 : Which of the following statement is not true

1. Company Law Board was constituted by the Central Government as an independent institution in 1991 as per Companies Act 1956

2. The members of Company Law Board are appointed by Central Government

3. The maximum number of members of Company Law Board is appointed by Central Government

4. Any voluntary consumer organization registered under the Societies registration Act 1860 can file a complaint to Consumer Protection Act.


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3. The maximum number of members of Company Law Board is appointed by Central Government

Question 50 : As per Consumer Protection Act 1986, National commission was established and it started its functioning W.e.f.

1. 1988

2. 1992

3. 1987

4. 1993


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1. 1988


Question 51 : The concept ‘bancassurance’ was originated in ————

1. France

2. china

3. India

4. USA


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1. France

Question 52 : An agreement which is enforceable by law at the option of one or more of the parties there to but not at the option of the other or others is a

1. Valid contract

2. Void contract

3. Voidable contract

4. Illegal contract


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3. Voidable contract

Question 53 : The delivery of goods by one person to another for some specific purpose, is known as

1. Bailment

2. Pledge

3. Hypothecation

4. Mortgage


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1. Bailment

Question 54 : Power Distance Index of 77 compared to the World average of 56.5 for India indicates

1. High level of political corruption

2. High level of Gender Empowerment Index

3. High level of equality of power and wealth within the society

4. High level of inequality of power and wealth within the society


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4. High level of inequality of power and wealth within the society

Question 55 : Which among the following is not a model related to social responsibility?

1. Carroll’s Model

2. Orgburn’s Model

3. Halal’s Model

4. Ackerman’s Model


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2. Orgburn’s Model

Question 56 : ————refers to the enterprises owned and managed jointly by the private and government sectors

1. Co-operative sector

2. Public sector

3. Joint sector

4. Social sector


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3. Joint sector

Question 57 : Which, of the following,is not related to Water Pollution Protection Legislations in India?

1. The Easement Act,1882

2. The Indian Fisheries Act,1897

3. The Indian Stream Vessel Act,1917

4. The Water Preservation Act, 1925


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4. The Water Preservation Act, 1925

Question 58 : Kyoto Protocol pertains to:

1. Globolisation

2. Environment protection

3. Industrial development

4. Privatisation


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2. Environment protection

Question 59 : The Restrictive Trade Practices are provided in :

1. Section 33(1)

2. Section 33(2)

3. Section 33(3)

4. Section 33(4)


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1. Section 33(1)

Question 60 : Set of processes,laws and institutions that affects the way in which a corporation is directed, administered or controlled, to facilitate the interest of stake holders, is termed as:

1. Environmental ethics

2. Corporate governance

3. Corporate social responsibility

4. Corporate sustainability


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2. Corporate governance


Question 61 : Which of the following is not the main objective of Fiscal Policy in India ?

1. To ensure price stability

2. To increase liquidity in the economy

3. To minimise inequalities in the distribution of income and wealth

4. To promote employment opportunities


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2. To increase liquidity in the economy

Question 62 : Which of the following is not a method of social audit ?

1. Financial Statement Format Audit

2. Social Process Audit

3. Constituency Group Audit

4. Employee Benefit Audit


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4. Employee Benefit Audit

Question 63 : Who, among the following, is empowered to supersede the Competition Commission of India ?

1. President of India

2. Central Government

3. Supreme Court

4. MRTP Commission


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2. Central Government

Question 64 : The investment limits of micro enterprises engaged in manufacturing sector, as per MSMED Act, 2006, is :

1. Rs.10 lakhs

2. Rs.25 lakhs

3. Rs.2 crores

4. Rs.5 crores


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2. Rs.25 lakhs

Question 65 : Build,operate and transfer concept is envisaged in:

1. Real estate

2. Power generation

3. Airlines

4. Highways


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4. Highways

Question 66 : Which of the following theory best defines the relationship between currencies on the basis of rate of inflation ?

1. Interest rate parity theory

2. Relative inflation theory

3. Foreign exchange parity theory

4. Purchasing power parity theory


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4. Purchasing power parity theory

Question 67 : Which of the following is not related to the elements of internal environment ?

1. Money and capital market

2. Marketing capability

3. Operational capability

4. Personnel capability


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1. Money and capital market

Question 68 : Which is the apex body of various exporters and export promotion organisations in India ?

1. Federation of Indian Exporters Organisation

2. Trade fair Authority of India

3. Export Credit Guarantee Corporation of India

4. Directorate General of Commercial Intelligence and Statistics


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1. Federation of Indian Exporters Organisation

Question 69 : The exchange rate fixed on the basis of demand and supply of currencies is called…

1. Flexible rate

2. Forward rate

3. Floating rate

4. Multiple rate.


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3. Floating rate

Question 70 : “BOLT System” in Indian Securities Market is related to

1. NSE Stock Exchange

2. BSE Stock Exchange

3. Over The Counter Exchange of India

4. Multi Commodity Stock exchange


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2. BSE Stock Exchange


Question 71 : Call money rate is applicable for a very short period to ..

1. Inter bank advances

2. Bank to Reserve Bank advances

3. Reserve Bank to bank advances

4. Commercial bank to industrial bank advances


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1. Inter bank advances

Question 72 : The ceiling on the amount of insurance cover is —-

1. Rs 50,000/-

2. Rs 10,000/-

3. Rs 10,00,000/-

4. Rs 1,00,000/-


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4. Rs 1,00,000/-

Question 73 : Export Credit Guarantee Corporation of India provides …..

1. Guarantee to credit institution

2. Credit risk insurance cover to exporters

3. Stability to banking system

4. None of the above.


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2. Credit risk insurance cover to exporters

Question 74 : The major player in Indian Money Market is ….

1. Cooperative Banks

2. Indigenous Banks

3. Commercial Banks

4. Reserve Bank of India


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3. Commercial Banks

Question 75 : Which among the following is not a category of NPA?

1. Substandard Assets

2. Doubtful Assets

3. Loss Assets

4. Devaluated Assets


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4. Devaluated Assets

Question 76 : Who is the chairman of 13th Finance Commission?

1. Dr.C.Rangarajan

2. Mr.Bimal Jalan

3. Dr.Vijay L Kelkar

4. None of the above


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3. Dr.Vijay L Kelkar

Question 77 : Under DIR scheme, assistance is provided in the ratio of :

1. 7%

2. 3%

3. 8%

4. 4%


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4. 4%

Question 78 : Capital adequacy norm is expressed as a percentage of …

1. Standard assets

2. Risk adjusted assets

3. Sub standard assets

4. Investments.


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2. Risk adjusted assets

Question 79 : Broad money has to be sensitized through ….

1. CRR

2. SLR

3. REPO Rate

4. All of the above


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4. All of the above

Question 80 : “VSAT” Technology was first followed for online trading by ..

1. BSE

2. NSE

3. OTCEI

4. ISE


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2. NSE


Question 81 : Any complaint should be lodged with the Ombudsman when …….

1. There is any deficiency in banking services.

2. No reply is received from the bank within two months of the receipt of complaint.

3. The complaint is rejected and a period of one year has not been lapsed from the date of rejection.

4. (B) & (C ) together.


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4. (B) & (C ) together.

Question 82 : Decrease in the value of intangible asset is called—-

1. depreciation

2. depletion

3. amortization

4. fluctuation


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3. amortization

Question 83 : Which of the following is not an intangible asset

1. goodwill

2. patent

3. copy rights

4. preliminary expenses


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4. preliminary expenses

Question 84 : Trial balance will detect

1. error of commission

2. error of principle

3. error of omission

4. compensating error


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1. error of commission

Question 85 : Which of the following equation is correct?

1. share premium = issue price + par value

2. share premium = issue price – par value

3. share premium = issue price / par value

4. share premium =issue price x par value


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2. share premium = issue price – par value

Question 86 : The financing need is equal to

1. fixed assets – current assets + current liabilities

2. fixed assets – current assets – current liabilities

3. fixed asset + current assets + current liabilities

4. fixed asset + current assets – current liabilities


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4. fixed asset + current assets – current liabilities

Question 87 : Which of the following statement is not true?

1. The partnership agreement can not override the 1890 Partnership Act

2. capital contributions do not have to be equal from each partner

3. interest on capital is a reward for the different amounts of cork partners may perform

4. Not all partners can have limited liability in a limited partnership


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3. interest on capital is a reward for the different amounts of cork partners may perform

Question 88 : All of the following influence capital budgeting cash flow exept

1. accelerated depreciation

2. salvage value

3. tax rate changes

4. method of project financing used


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4. method of project financing used

Question 89 : Which of the following does not make the firm more vulnerable to financial distress?

1. High sensitivity of the company’s revenues to the general level of economic activity

2. High proportion of fixed to variable costs

3. physical capital assets which are relatively illiquid and difficult-to-market

4. the tax shield


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4. the tax shield

Question 90 : Which of the following is the main objective of cash management?

1. Maximization of cash balance

2. Minimization of cash balance

3. Optimization of cash balance

4. Zero cash balance


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3. Optimization of cash balance


Question 91 : Which of the following is true for Net Income Approach?

1. Higher Equity is better

2. Higher Debt is better

3. Debt Ratio is irrelevant

4. None of the above


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2. Higher Debt is better

Question 92 : Financial Leverage is calculated as:

1. EBIT ÷ Contribution

2. EBIT ÷ PBT

3. EBIT ÷ Sales

4. EBIT ÷ Variable Cost


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2. EBIT ÷ PBT

Question 93 : Which of the following items is not an appropriation of profit for a limited company?

1. Debenture interest payable

2. transfer to reserve

3. preference dividend payable

4. Ordinary dividend payable


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1. Debenture interest payable

Question 94 : which of the following would not appear in the trial balance as debit balance

1. returns outwards

2. carriage outwards

3. returns inwards

4. carriage outwards


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1. returns outwards



Chief General Manager Society Category

Question Paper Code: 2/2015/OL

Category Code: 297/2011

Medium of Question: English

Date of Test 27-01-2015

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