MPPSC Assistant Professor Commerce 2024 Solved, Question 1-50 Practice MCQ Question and Answer
MPPSC Assistant Professor Commerce 2024 Solved, Question 1-50 Practice MCQ Question and Answer
1.
Which type of product in the BCG matrix has a low market share in a low growth market and may generate low or negative returns?
2.
Which industry is most likely to use skimming pricing for new product launches?
Answer & Solution
3.
Arrange the marketing research process in logical order:
a. Collect the information, analyze the information.
b. Develop the research plan.
c. Define the problem and research objectives.
d. Present the findings, make the decisions.
Answer & Solution
4.
Which is an industry where differential pricing based on customer characteristics is commonly applied?
Answer & Solution
5.
Who is often credited with the development of the concept of Total Quality Management (TQM)?
Answer & Solution
6.
‘P’ and ‘Q’ are partners sharing profits in the ratio of 5:3. They admitted ‘R’ giving him 1/10th share of profit. If ‘R’ acquires 1/5th share from ‘P’ and 1/10th from ‘Q’, the new profit sharing ratio will be:
Answer & Solution
7.
Revenue is generally recognized being earned at the point of time when:
Answer & Solution
8.
When a company is wound up, all members who ceased to be the shareholders within a year before the winding up are placed in the:
Answer & Solution
9.
At the time of liquidation, a company has the following liabilities:
Creditors Rs. 10,000
Legal Expenses Rs. 3,000
Liquidation Expenses Rs. 580
Preference share capital Rs. 14,400
What will be the order of payment while preparing the Liquidator's Final Statement of Account?
Answer & Solution
10.
It is given that net assets available to equity shareholders amount to Rs. 90,000/-. The share capital consists of 10,000 equity shares of Rs. 5 each on which Rs. 2 per share are paid. The intrinsic value per equity share is:
Answer & Solution
11.
Under customs duty, in some cases for specified goods, tariff values are fixed by:
Answer & Solution
12.
The term “Prohibited Goods” has been defined under Customs Duty Act, 1962, Section:
Answer & Solution
13.
Refund claims up to Rs. 10,00,000 is approved by:
Answer & Solution
14.
Perquisites allowed by Government to its employee posted abroad will be:
Answer & Solution
15.
From the following information, the annual value of house property will be:
Municipal value: Rs. 1,60,000
Fair rental value: Rs. 1,40,000
Actual rent received @ Rs. 20,000 per month: Rs. 2,40,000
Municipal tax/local taxes: Rs. 16,000
Answer & Solution
16.
Random sample method is the best method of sampling because:
Answer & Solution
17.
Whose statement is the following: "Stratified random sampling balances the uncertainty of random sampling against the bias of deliberate selection"?
Answer & Solution
18.
Karl Pearson's coefficient of correlation is always:
Answer & Solution
19.
In how many ways can the letters of the word 'STATISTICS' be arranged?
Answer & Solution
20.
A bag contains 5 white, 4 black, 7 yellow, and 6 red balls. What is the probability of drawing a black or red ball at random?
Answer & Solution
21.
In which year was the Asian Development Bank established?
Answer & Solution
22.
Which of the following Export Processing Zones (EPZ) is exclusively associated with the export of electronics and gem and jewelry items?
Answer & Solution
23.
What is the primary purpose of the World Trade Organization (WTO)?
Answer & Solution
24.
Which of the following holds that a country can increase its wealth by encouraging exports and discouraging imports?
Answer & Solution
25.
What distinguishes Foreign Direct Investment (FDI) from other modes?
Answer & Solution
26.
The rate of vanaspati ghee and pure ghee are Rs. 8 and Rs. 16 per kg respectively. Shyam buys 6 kg vanaspati ghee and 4 kg pure ghee. But later, the price of vanaspati ghee is Rs. 8 per kg and pure ghee is Rs. 24 per kg; then his demand for vanaspati ghee is 8 kg and pure ghee is 3 kg, then the elasticity of substitution will be:
Answer & Solution
27.
"It is locus of the points representing pairs of quantities between which the individual is indifferent, so it is termed as indifference curve". Above sentence is related to:
Answer & Solution
28.
When the law of diminishing returns is applied in the production of goods, then the increase in production leads to marginal cost and average cost:
Answer & Solution
29.
If the change in demand is more than the change in supply, then there will be a demand side effect on equilibrium price:
Answer & Solution
30.
In equilibrium if the firm is short run (perfect competition), the amount of profit of the firm is maximum or the amount of loss is minimum when the Marginal Cost (MC) and Marginal Revenue (MR) of the firm are:
Answer & Solution
31.
The daily allowance received by a member of Parliament is:
Answer & Solution
32.
Concealment of income or false claims to reduce tax liability are cases of:
Answer & Solution
33.
Which of the following shall not be regarded as a capital asset?
Answer & Solution
34.
For the purpose of valuation of the perquisite in respect of medical facilities, family means:
Answer & Solution
35.
Minimum alternative tax is applicable in the following cases:
Answer & Solution
36.
If the two regression lines cut each other at the right angle then the value of coefficient of correlation (r) will be:
Answer & Solution
37.
A main step of statistical investigation is:
Answer & Solution
38.
Which one of the following is not an essential factor of a sample?
Answer & Solution
39.
Prof. Bailey has described the editing process:
Answer & Solution
40.
Which type of application software is Tally?
Answer & Solution
41.
Heckscher-Ohlin theory is usually formulated on the two factors of production. These factors are:
Answer & Solution
42.
The International Trade 'Theory of comparative advantage' was propagated by:
Answer & Solution
43.
What is the primary focus of International Business?
Answer & Solution
44.
Which IMF facility primarily offers concessional interest rate loans to low-income countries?
Answer & Solution
45.
What does the term "World Bank" encompass?
Answer & Solution
46.
In case of a company limited by guarantee, the liability of the members can be enforced:
Answer & Solution
47.
An Additional Director appointed by the Board of Directors shall continue to hold the office up to the due date of the next:
Answer & Solution
48.
Paid-up capital and turnover of the small company shall not exceed:
Answer & Solution
49.
According to Competition Act, 2002, the Chairperson and other members shall hold office up to the maximum age of:
Answer & Solution
50.
Which of the following is not a source of ethical standards?