CA-CPT Scholarship Test
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If you are planning on getting a scholarship all you have to do is pass the CA-CPT scholarship test. For you to do this, you need to study hard and get some practice quizzes. The quiz below is perfect for just that. Give it a shot and good luck with the scholarship.
- 1.Reserve Capital is a Capital Which is
- A.
not yet Issued by the company
- B.
Issued to the public but never be Subscribed, except in the event of winding up
- C.
Subscribed by the public but cannot be called up by the company, except in the event of winding up
- D.
Called up by the company but not yet received and can be received in the event of winding up.
- 2.Forfeited shares, originally issued at Premium and some amount of premium is not yet received----------
- A.
Cannot be issued at premium
- B.
Can be issued at Discount
- C.
Can be issued at premium but the amount of premium cannot be more than the amount of premium not received at forfeiture.
- D.
Cannot be issued at Discount
- 3.As per companies Act, the Depreciation --------
- A.
Should be charged by the company, if the company wants to issue new shares in the future.
- B.
Should be charged by the company, if the company wants to declare dividend.
- C.
Must be charged by the company
- D.
Should be charged by the company, if the company wants to earn good profits in the future.
- 4.Interest accrued and not yet due on debentures should be shown in the Balance sheet
- A.
Under Debentures
- B.
As Provisions
- C.
As Current Liabilities
- D.
As a charge on Bank Balance
- 5.Reserve Capital is a Capital Which is
- A.
not yet Issued by the company
- B.
Issued to the public but never be Subscribed, except in the event of winding up
- C.
Subscribed by the public but cannot be called up by the company, except in the event of winding up
- D.
Called up by the company but not yet received and can be received in the event of winding up.
- 6.Which of the following statements is false
- A.
A company can issue Irredeemable debentures
- B.
Debentures have no right to participate in profits over and above their fixed Interest
- C.
Debentures can be forfeited for non payment of call money
- D.
A company can buy its own debentures as Investments
- 7.Secured Debenture holders have a Floating charge on
- A.
All the assets of the company
- B.
All Fixed Assets of the company
- C.
All Current Assets of the company
- D.
Equity and Preference Share capital of the company
- 8.A and B are partners sharing profits and losses in the ratio of 3:2 having the capital of Rs 80,000 and 50,000 respectively.They are entitled to interest on capital @ 10% pa. They earned Rs 10,400 before interest on capital. The share of profit of A and B is
- A.
Rs. 6,400 and 4,000
- B.
Rs.8,000 and 5,000
- C.
Rs. 6,440 and 3,960
- D.
None of these
- 9.Where will you record the interest on drawings
- A.
Dr side of P&L A/C only
- B.
Cr side of Partners' capital Account
- C.
Cr side of P&L Appropriation A/C only
- D.
Dr side of Partners' capital Account
- 10.…………...may be defined as a task that a manager performs with a view to induce his subordinates to act in the desired manner by satisfying their needs and desires.
- A.
Morale
- B.
Direction
- C.
Motivation
- D.
Coordination
- 11.It deals with future and involves forecasting-
- A.
Planning
- B.
Organising
- C.
Forecasting
- D.
Leaderships
- 12.Supervisor exercising direct supervision over a subordinate is a form of
- A.
Line organisation
- B.
Matrix organisation
- C.
Line and staff organisation
- D.
All of the above
- 13.Answerability for the accomplishment of the task assigned by the supervisor to the subordinate.
- A.
Authority
- B.
Responsibility
- C.
Delegation
- D.
Accountability
- 14.Taylor put forward the idea of …
- A.
Purposeful foremanship
- B.
Motivational foremanship
- C.
Functional foremanship
- D.
Social foremanship
- 15.Comprising of human relationships in a group activity is called
- A.
Planning
- B.
Organising
- C.
Human resource
- D.
Concern over relationship
- 16.In Economics, a good is something which
- A.
Is a service
- B.
Appears appealing
- C.
Satisfies wants and needs
- D.
Can be a service
- 17.The central problems of economy are due to
- A.
Scarce resource
- B.
Unlimited choice
- C.
Limited choice
- D.
Unlimited resources
- 18.Adam Smith considered Economics as -
- A.
Science of wealth
- B.
Science of Material well-being
- C.
Science of choice making
- D.
Science of growth and Development
- 19.The Giffen Effect in respect of Inferior Goods was observed in the case of
- A.
Rice and Wheat
- B.
Wheat and Meat
- C.
Bread and Meat
- D.
Bread and Rice
- 20.………….include all payments made to the Factors of Production including Opportunity cost.
- A.
Implicit Cost
- B.
Explicit cost
- C.
Economic Cost
- D.
Accounting Cost
- 21.Capital formation is required for -
- A.
Increasing the efficiency of production efforts
- B.
Expansion of output of consumer goods in the future
- C.
Ensuring growth of the company
- D.
All the above
- 22.A pair of dice is rolled. If the sum on the dice is 10 find the probability that one of dice showed 4.
- A.
1/9
- B.
1/4
- C.
1/3
- D.
1
- 23.In a Binomial Distribution, Mean = 20, S.D. = 4, then n is equal to
- A.
100
- B.
25
- C.
5
- D.
125
- 24.In a class 30 students, 20 students like maths, 18 like science and 12 like both the subject. Find the number of student who likes no subject.
- A.
4
- B.
5
- C.
8
- D.
None of these
- 25.On the Frequency Curve, Median divides the Mean and Mode in the ratio of
- A.
One : Two
- B.
Three : One
- C.
Three : Two
- D.
None of them
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