SERIAL NU UNIT NUMDIFFICULTYQUESTION 1 2 3 4

1I A Buying andEcommercTraditiona Online PurComputer Buying

2I A URL standsUniform ReUniform ReUnified Re Uninterrupted data Locator
3 II A Low value pDebit CardMicro Pay Credit CardCheques
4 II A credit cardinstant moDeposited plastic Mo stored money
5 III A Excel sheetTable sheespreadsheeworksheetgrid sheet
6 III A Which functSUM COUNT IF AVERAGE
7 III A When partInternet
o Intranet Customize Extranet
8 IV A SSL stands Secure SecrSection SecSecure SocSecure System Level
9 IV A UnsolicitedVirus Worms Spam Trojan Horse
10 IV A _____ is a SPOOFINGSNIFFING HACKING PHISHING
CORRECT ANSWER
1
1
2
3
2
3
4
3
3
4
Sr.No. Unit Difficulty Questions Options 1 Options 2 Options 3 Options 4
1I E In a Circul Labour Good and SLand Goods
2I A In athree GovernmenExternal SeHouseholdPrivate
3 II M The Moneymm = 1 +r /mm = 1 +r /mm = 1 + kmm = 1 + k /r + k
4 II H Which of t High poweMoney mult CommunityLow powered money
5 II E Demand forElastic Unit ElasticIneastic More elastic
6 III A External d IndividualsFirms foreign couIndian countries
7 III M The direct The real pathe cash p insurance sburden on future generation
8 III H Internal d rich populaglobal popumore populhave not to have group of popul
9 IV E Protection protect inf protect all quality of quantity of products
10 IV A Domestic inFree trade Protection Increase inDecrease in investments
Correct option
2
2
4
4
3
3
4
4
1
2
 DIFFICULT
SERIAL UNIT Y LEVEL
Questions OPTION_1OPTION_2
NUMBER NUMBER (E/A/M/H
)

Provision for welfare officer when how many

1 3 A 200
workers are employed:
100

Factories Act defines ‘week’ as a period starting at

2 3 A Saturday
midnight of:

Friday

If any article is stored in cold storage, is it a

3 3 M No
manufacturing process:

Yes
A mobile unit of armed forces is not ‘ factory’
4 4 M 0
under manufacturing process: may be
A person who has ultimate control over the affairs
5 3 E Manager
of the factory is the: Occupier
The maximum number of hours a worker can be
6 3 E 9 hours
asked to work in a day is: 8 hours
Each worker to be provided how many cubic metre
7 3 M 5.2 cms
space: 4.2 cms
Which of these don’t come under the welfare
8 3 A Drinking water
provision S.42-49 of the Act Washing facilities
Who is liable to pay the fee for a certificate of
9 3 A Young person himself
fitness? Occupier

What is the maximum No. of hours that a child can

10 3 M 4.5 hours
be employed in a day:

3.5 hours
 CORRECT
OPTION_3 OPTION_4
OPTION

300 500 or more 4

Sunday Monday 3

Maybe Doubtful 2

1 Not correct 3

Chairman Employer 1

12 hours 15 hours 2

8.2 cms 14.2 cms 4

Facilities first sitting

First aid appliances 1

Parent/guardian
State government 1

6 hours 8 hours 2
SR.NO UNIT NO Difficulty QUESTIONS OPTION 1 OPTION 2 OPTION 3
1 2M SGL stands for ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐. Subsidiary Sub GeneraSubsidiary
2 2H NBFCs stands for ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐. Non Banki Non-BankinNon Bankin
3 2E ESOP stands for‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐. Employers EmployeesEmployees
4 2A Underwriters charge a commission for their se
Commissi Penalty Underwriti
5 2M Stock broker means a member of a ‐ SEBI RBI SBI

Market makers are intermediaries

appointed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ to sell or buy its
securities at any time as per agreed
6 2H contract. RBI Stock exchCompany

Shares can be distributed through outright

sale by companies to select group of
7 2E persons, this is known as ---------------. Public issu Private pl Institution
8 2A Market for borrowing and lending short termMoney
fu marCapital maDerivative
9 3M Who controls money market? RBI SBI DFHI
10 3H Which of the following markets help RBI in Money marCapital maForex mark
OPTION 4 CORRECT OPTION
Subsidiary g‐loan. 1
None of these 2
Employees Stock Ownership Plan 2
Underwriting commission 4
Stock exchange 4

SEBI 2

Underwriting 2
Forex market 1
SIDBI 1
Debt market 1
 UNIT DIFFICULT
No. NUMBER Y LEVEL Question Option 1 2 3 4
1 1M PartnershipIndian Par Indian Par The AssociThe Indian Association Act 1955
2 1A The maximu 40 20 25 30
3 1E The limit oThe PartneThe AssociaThe Compan The Corporate Associations Act
4 1M In peicemealGovernmenPartners' LPreferentiaSecured Creditors
5 1A Pro-rata paInsufficientadequate reserved paid to partners
6 1E Purchase cMarket Va Book valueNet AssetsBalance Sheet method
7 1M ABC & Co. tInternal ReAbsorptionExternal R Pouncing
8 1A The Liabili Unlimited Restricted As per the limited
9 1E Foreign Deb the Balanc Fair value Original vaAgreed value
10 1M AccountingInternationThe Compan Institute o The Government of India
Correct
1
2
3
4
1
3
2
4
1
3
 UNIT DIFFICULT
No. NUMBER Y LEVEL Question Option 1 2 3 4
The1limitationsI of Financial
Financial
M Accounting
Financial
Which
Accounts
Cost Accounting
ofhave
Accounts
thfailled
to to
give
helps
Techniques
thea product
origin
to judge
and
helps
wise
the
evolution
the
efficiency
break
management
upof or
of
Cost
profit
productivity
Accounting
inormaking
loss of the
decision
concern
or planning for futur
2 I E Cost Accoun Government External Users
Internal UsersShareholders
3 I A WhichCost
of thascertainment
Planning and Decision
Control Making
External reporting
5 I whether
how E costs
aCost
cost
react
behavi
is to
incurred
a change
Classifying
in ain
whether
manufacturing
the
costs
level
aasparticular
ofeither
activity
trading
product
expense
or service
or has
period
been
company
costs
incurred honestly
6 I E An example
Materials Consumed DepreciationFactory Power
Packing material
7 I E Which of th Cost Rentof bottles
Depreciation
use in the production
Propertyof Taxes
soft drinks
8 I E Variable
VariesCo when output remain
increases
varies
constant
when
Decreases
outputwhenincreases
output decreases
9 Straight
I lineE depreciation
Which
Piece-rate
ofonth a wages
machine paid
expected
wood
to manufacturing
used
Commissions
toto
last
make
fiveworkers
furniture
years
paid to sales personnel
10 I A Which
Totalofmanufacturing
th Total Cost
costs
Variable
of SalesSelling
VariableCosts
Product Costs
Correct
3
3
4
1
2
3
2
1
4
 UNIT DIFFICULT
No. NUMBER Y LEVEL Question Option 1

The Constitution of india empowers

____________________________________ to levy tax on income State Government
1 I E
The income tax act extends to
2 I A __________________________________________ of india States
3 I M Residential has nothing to do with Constitution
Residential Status of an individual depends on the stay of assesses in
4 I H india during the Calender Year
A person by whom any tax is payable under income tax act 1961 is
5 I E called as Individual
I A
6 The Financial year in which the income is earned is called as the Assessment Year
7 I M An Company is always resident in india Industrial
8 I H Income tax act extends to Whole of india
9 I E Shivaji University is assessable under the income tax act as A Individual
A firm is regarded as a unit of assessment as per
10 I A ______________________________ Income tax act
11 I M ____________________________ is chargeable u/s 45 Capital gains
 OPTION 2 OPTION 3 OPTION 4 Correct

Central Government
Parliament Finance Minister
2

Union Territories
Citizens Whole 4
CitizenshipCensorship Change 2

Accounting
Asseseement
Year Year Previous Year 4

Tax ReceiverAssessee None Of the Above 3

Present Year Previous year Current Year 3

Individual Indian Investment 3
hole of india except jammu
India &&Srikashmir
lanka None of these 1
An Artificial Juridical
A Local
person
Authority None of these 2

PartnershipCompanies
act act Finance act 1
Profit and Gains
Dividend Voluntary Contribution 1