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I. A mixed marine policy mcans
Combination offire and marine losses coverage
Combination ofvoyage and time policics
Combination ofall types ofrish on the sea
Combination ofexport credit insurance and marine insurance


2. Every person has insurable interest in his own life upto
a maximum ofRs. 5,00,000
twenty times his net salary income
an unlimited extent provided the premium payable docs not exceed 20%ofhis salary
an Wllimited extent


3. Plate-glass is typieallypc ofaccident insurancc and it is mainly applicablc to
personal accidcnt motor cars
retail trade house burglary


4. .Doctrine ofSubrogation' is ll.'lcd in
Life insurance Fire inSlirdllCC
Marine insurance; Fire insurance Joint Lite insurance


5. 'Bill ol'Lading' is issued by:
Indian Commercial Banks Foreign Banks
Shipping Company Exporters


6. Effective direction does not depend on the:
communication process forces at the subordinate level
ability ofthe manager deploymentofhuman resuurces


7. Anorganisationstructurcisellectivc,il'itcnablcsindividualstocontribute 10thcobjcctives ofan
enterprise. This is known as
scalar principle principlc offWlctional definition
principle ofWlilyofobjectives None ofthe above


8. Management byexccption introduccs:
selective, responsibility oriented reporting

(13)
reporting ofsignificant variances
requirementsoffull reports on perfonmancc
computation ofaetuals in different spheres ofpcrfonmance


88D-24002-D 3 ITurn over
9. The LIC in India was nationalised in:
1870 1956
1960 1966


10. APublic Ltd.companymayinthegeneralmeeting,resolve tocapitalizeanypart oftheamount standingtothecreditofanyofitsreserveaccounts upon the recommendationsofthe
ManagingDirector BoardofDirectors
Financial Advisor Shareholdcrs


11. Ancntcrpriscincorpornted byaSpecial ActofParliamentontheSlateLegislatureintendingto carry on some business ofnational'imporlance is called
Public company Statutory Corporntion
Registered company Registered slatutory company


12. Aspecialresolution forthealterntionoftheObjectsclauseoftheMemorandumofAssociationof a company having been passed, the alteration is to be confirmed by the:
Court concemcd Central Govt.
Company Law Board Creditors ofthe Company


13. Share premium account can be used for:
payingtaxliability meetingthecostofissueofsharesordebentures
paying dividend on shares meeting the loss on salc ofold assets


14. APublicLimitcdcompanyeanstart itsbusincssoperationsafterobtaining:
Certificate ofincorporation
Minimum subscription
Certificateofcommencementofbusiness
Pennission ofthe Controller ofCapital issues


15. Fire Insurance is based on the principle of:
utmost good faiU, insumble interest
indemnity eooperation


16. Whichofthefollowingtransactionswouldshare noimpactonsharcholders'equity?
Purchase ofland from the proceeds ofa bank loan
Dividcnds to stockholders
Netloss
Investments ofcash by stockholders


88D-24002-D 4
17. Which ofthe following would not be included in a balance sheel
Accounts receivable Accounts payable
Sales Cash


18. In which ofthe following methods ofchargingdepreciation shall the balance never be reduced to
zero?
Fixed installment method Depreciation fund method
Diminishingbalance method Depletion unit method


19. Whiehofthefollowingbranches ofaccountingprimarilydealswithprocessingandgoodwill presenting ofaccounting data for internal use?
Financial accounting Tax accounting
Management accounting Inflation accounting


20. Renewal fee for Patents is a
capital expenditure revenue expenditure
deferred revenue expenditure development expenditure


21. Which ofthe following conditions must be satislicd in a claim for loss by fire?
There must be actual fire
Fire must be accidental
Cause of fire must be ascertainable
The goods must have been destroyed, not damaged by lire and and


22. [n the absence of partnership deed provisions of Partnership Act, 1932 become applicable under which a partner is entitled to interest on money advances to the firm at
4% p.a. en) p.a.
6% p.a. 10% p.a.


23. A business entity has assets ofRs. 26,000 and liabilities ofRs. 6,000. Owner's equity in this case is:
Rs. 32,000 Rs. 26,000
Rs.20,000 Rs. 6,000


88D-24002-D 5 ITurn over
24. Thejoint policy account received Oli the death ofa partner is credited to the:
Joinl Life Policy Reserve account
Capitalaccounts ofallthepartners intheirprofitsharingratio
General Reserve account
Profit and Loss account


25. A limited company issued equity shares ofRs. 100 each. It has called up Rs. 75 on each share but received only Rs. 60 per share. The share capital aceounl will be credited with:
Rs. 60 pcr share Rs. 75 per share
Rs. 100pcrshare Noneoftheabove


26. Redecmable preference sharcs can be redecmcd
only ifthcy ardully paid

(13)
eveniftheyarcpartlypaid
ifthey arc paid not less than 50% ufthe nnminal value ofsharcs
only ifthey arc issucd at a premium


27. Capital gearing ralio denotes the relationship between:
Assets and Capital

(13)
Loan and Capilal
Equity shareholders' lund ,md long-tenn borrowed funds
Debentures and share capital


28. For the purpose ofcalculating ROI, capital employed is:
Net fixed asscts Current assets-Currcntliabilitics


(C)
Gross block
Fixed assets Current assets-Currenlliabilities


29. 'Surprise '1hecks' arc part of:
an audilor's working papers an audit programme
anauditor'srcport an accounting standard


30. PartncrshipdeL-d is always:
Written Written or Oral
Oral Written and Oral


88D-24002-D 6
31. The number ofpartners in a partnership firm is:
uncenain unlimited
decided by partners limited


32. In the absence ofpartnership agreement the profit is shared by the partners:
equally on the basis ofcapital employed
onthebasis ofdecisionortheCourt onthebasis oftimespent


33. At the time ofadmission ofa new partner the Capital brought by him is shared among partners
equally

(13)
on the basis ofcapital ofthe older partners
onthebasis ofsaerificedone
un true statement


34. Shares can be issued at:
at par at discounl
at premium All the above


35. Which ofthc following is nOl a Current asset
Land and buildings Debtors
Stock Cash at bank


36. Thestalus oftheauditor inacompany isthaiof:
an employee a trustee
an independent professional all oflhcsc


37. Management planning begins with
Policies Programmes
Goals and objects Procedures


38. Decision making is:
a mental process an intellectual process
a universal fl.JJ1etional process All ofthe above


88D-24002-D 7 ITurn over
39. Which ofthe following is a non-verbal eommWlicalion
Body language Leller
Speech Poem


40. WhichortheJollowingisnotapart ofmanagementprocess?
Planning Accounting
Coordination Directing


41 . A Company Secretary has to be
Firm or body corporate
Registered with Securities Exchange Board oflndia
Person with desired professional degree
Part ofany Secretarial agency


42, Contents of Marine Insurance include:
InsuranceofCargoonly InswanccofFreightonly
Insurance ofHull only Inswancc ofCargo. Freight and Hull


43. A share certificate is required to be signed by:
Company Secretary
Two Directors
Two Directors and Company Secretary
All Directors and Company Secrelary


44. The duticsorCompany Secretary regarding company meelingsare restricted upto
Berorecompanymeeting Aftercompanymeeting
Outing u,ecompany meeting all the above situations


45. marine insurance, a panialloss is tcchnicallycallcd as:
warranties particularaverage
total loss liabilities


46. Which ofthe rollowing is an analytical method ofjob evaluation?
ela<sifieationmethod pointralingmelhod
projection method mnking-mctllOd


SSD-24002-D 8
47. Which ofthe following is not a method ofperfonnancc appraisal
Grading method Behaviourally-anchored ralingscalc method
Forced distribution method Paired comparison method


48. Who among the following has advanced the Power, Affiliation and Achievement motivation concepts?
J. Stacey Adams B.R. Skinner
'victor Vroom David C. McClelland


49. Whichofthefollowingthinkers ofmanagementarguedinfavour ofseparatingplanningfrom operation?
Henry Fayol Luther Gulick
L.F. Urwick F. W. Taylor


50. Final accounts prepared in narrative style are:
Hori7.Dntal fonn Accounts fonn
Vertical ronn None ofthese


51. Increase in fixed assets due to purchase is
source offund fund from operations
uscoffund None ofthese


52. 'Depletion' method ofdepreciation is used in case of:
Canle, loose tools, etc. Mines, Quarries, etc.
Machinery, Buildings, clc. Books, etc.


53. Decisions orrepetitive nature arc called:
non-programmed decisions programmed decisions
stretegic decisions one-time decisions


54. main objective ofcontrolling is:
maintaining discipline

(13)
reducing gap between planning and performance
motivating subordilU1tcs
reducing unrest among employees


881>-24002-0 ITurn over
55. A positive leader is one who motivates people by:
creating fear centralizing authority
increasing their satisfaction holding the threats oflo55 ofjob


56. Life Insurance Corporation ofIndia is joint sloek company stalulory corporation departmental undertaking eo-operalive undertaking
57. Dealings in Stock Exchanges can be done by public
directly directly or through brokers
only through brokers' through banks


58. 'Underwriting'isatechnique ofscilingof:
new securities second-hand securities
new and second hand seeurilies fixed deposits


'59. The 'imprestsystem' is used inrelalion to:
Purchase book Sales book
Cash hook Pelly Cash book


60. ditTerenee between invoice price and cost price is called:
Profit Loading
Loss Gain


61. Accounting data and systems to investigate lhe truth and report thereon is known as
Costing Iccounting
Financial Reporting Auditing


62. Whichofthefollowingisnotone ofthedutiesofanauditor?
Detection oferrors and frauds

(13)
Prevention oferrors and frauds
I31ood-hounding
Suggesting for improvemenl in internal control system


63. Checking the accuracy ofentries made in financial hooks with the help ofavailahle doewnentary
evidences is known as
Auditing Costing
Vouching Verifying


SSD-24002-D 10
64. to examine the correclnessand authenlicityofthc transactions recorded in the books of prime entry.
Vouching Verification
Valuation Reporting


65. Theprovisionsregardingappointment oftheauditor arccontainedinseelion__ofthe Companies Act.
224 242
212 210


66. 'Ibe ofa government company shall be appointed or reappointed by the Central GoV!. on the advice ofthe
Board ofOirectors
Prime Minister
Comptroller