Cs-foundation Scholarship Test

25 Questions

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Scholarship Quizzes & Trivia

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Questions and Answers
  • 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