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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?

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.

4.

Which is an industry where differential pricing based on customer characteristics is commonly applied?

5.

Who is often credited with the development of the concept of Total Quality Management (TQM)?

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:

7.

Revenue is generally recognized being earned at the point of time when:

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:

9.

At the time of liquidation, a company has the following liabilities:

  1. Creditors Rs. 10,000

  2. Legal Expenses Rs. 3,000

  3. Liquidation Expenses Rs. 580

  4. Preference share capital Rs. 14,400

What will be the order of payment while preparing the Liquidator's Final Statement of Account?

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:

11.

Under customs duty, in some cases for specified goods, tariff values are fixed by:

12.

The term “Prohibited Goods” has been defined under Customs Duty Act, 1962, Section:

13.

Refund claims up to Rs. 10,00,000 is approved by:

14.

Perquisites allowed by Government to its employee posted abroad will be:

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

16.

Random sample method is the best method of sampling because:

17.

Whose statement is the following: "Stratified random sampling balances the uncertainty of random sampling against the bias of deliberate selection"?

18.

Karl Pearson's coefficient of correlation is always:

19.

In how many ways can the letters of the word 'STATISTICS' be arranged?

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?

21.

In which year was the Asian Development Bank established?

22.

Which of the following Export Processing Zones (EPZ) is exclusively associated with the export of electronics and gem and jewelry items?

23.

What is the primary purpose of the World Trade Organization (WTO)?

24.

Which of the following holds that a country can increase its wealth by encouraging exports and discouraging imports?

25.

What distinguishes Foreign Direct Investment (FDI) from other modes?

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:

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:

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:

29.

If the change in demand is more than the change in supply, then there will be a demand side effect on equilibrium price:

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:

31.

The daily allowance received by a member of Parliament is:

32.

Concealment of income or false claims to reduce tax liability are cases of:

33.

Which of the following shall not be regarded as a capital asset?

34.

For the purpose of valuation of the perquisite in respect of medical facilities, family means:

35.

Minimum alternative tax is applicable in the following cases:

36.

If the two regression lines cut each other at the right angle then the value of coefficient of correlation (r) will be:

37.

A main step of statistical investigation is:

38.

Which one of the following is not an essential factor of a sample?

39.

Prof. Bailey has described the editing process:

40.

Which type of application software is Tally?

41.

Heckscher-Ohlin theory is usually formulated on the two factors of production. These factors are:

42.

The International Trade 'Theory of comparative advantage' was propagated by:

43.

What is the primary focus of International Business?

44.

Which IMF facility primarily offers concessional interest rate loans to low-income countries?

45.

What does the term "World Bank" encompass?

46.

In case of a company limited by guarantee, the liability of the members can be enforced:

47.

An Additional Director appointed by the Board of Directors shall continue to hold the office up to the due date of the next:

48.

Paid-up capital and turnover of the small company shall not exceed:

49.

According to Competition Act, 2002, the Chairperson and other members shall hold office up to the maximum age of:

50.

Which of the following is not a source of ethical standards?