Commerce based qns

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McGregor

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31 Terms

1

McGregor

‘x’ and ‘y’ theory of Motivation has been propounded by–

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2

Foreign Exchange Management Act

FEMA stands for–

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3

WTO

……........… has been founded to act as permanent watchdog on the international trade

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4

Assets side of the Balance Sheet

Advance Income-tax is shown in the–

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5

line

Which is the oldest form of organisation ?

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6

Control

Standard costing is a technique of–

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7

Machinery Account

Establishment expenses of a new machine will be debited to–

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8

Sept. 1, 1956

The Life Insurance Corporation (LIC) of India came into existence on–

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9

Intangible Asset

Goodwill is–

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10

Principles of Management

Henry Fayol is known for–

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11

18 months

Financial year of a company shall not exceed–

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12

Accrual concept– Recgonizing revenue on receipt of cash

Which one of the following pairs is not correctly matched? \n (A) Accounting equation– Assets-Liabilities-Capital \n (B) Accounting year– 1st April to 31st March \n (C) Accrual concept– Recognizing revenue on receipt of cash \n (D) Cost concept– Recognizing transactions at historical cost

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13

Blanket policy

The marine policy which insures incidental inland risks along with the marine perils is called–

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14

Nov. 1972

The General Insurance Corporation (GIC) of India was incorporated in–

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15

June 1989

The LIC Mutual Fund was set up in–

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16

Line organisation

Out of the following forms, which form of organisation is the oldest one ? \n (A) Line and staff organisation (B) Functional organisation \n (C) Committee organisation (D) Line organisation

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17

To man

In ‘Direction’ who is given importance ?

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18

Revenue receipt

A sports club receives admission fees. It is what receipt?

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19

Grouping of buyers

Market segmentation means–

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20

Henry Fayol

The principle of ‘Unity of Command’ was introduced by–

(A) Elton Mayo (B) Henry Fayol \n (C) F. W. Taylor (D) Urwick

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21

Profit and Loss A/c and Balance Sheet

Which of the following is affected by treatment of an accrued item in accounting ? \n (A) Profit and Loss A/c only \n (B) Profit and Loss Appropriation A/c \n (C) Balance Sheet only \n (D) Profit and Loss A/c and Balance Sheet

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22

F.W.Taylor

who is the father of scientific management??

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23

USA

The present World Economic Depression first of all, started from which country ?

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24

15 months

The gap between two General Meetings of the Company should not be more than–

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25

Companies Act

Under which one of the following is the term ‘Dominant Undertaking’ defined ?

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26

An item of value owned by an individual or an organisation

what is assets?

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27

Process of marketing a good or service using the internet

what is e-marketing?

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28

Commercial transactions conducted electronically on the internet

What is E-commerce?

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29

the exchange of goods and services between two or more entities. It typically involves buying and selling things of value.

what is commerce?

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30

Poseidon (theos)

Who is the father of commerce??

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31

Hermes

who is the greek god of commerce?

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