1. Vertical integration in a business refers to
A Diversifying products
B Merging with competitiors
C Hiring extra resources
D Owning the supply chain
E None of the above
Correct Answer D
Marks 1
2. In management the purpose of Gantt chart is for
A Financial forecasting
B Marketing analysis
C Demand forecasting
D Scheduling and tracking project tasks
E None of the above
Correct Answer D
Marks 1
3 . Flexible manufacturing systems in a business organisations are developed for
A Low customization
B High volume, more variety
C Reducing labour
D Rapid changes in product types
E None of the above
Correct Answer B
Marks 1
4. c Primary focus of lean production systems in a business is to
A Expand production lines
B Reduce the material cost
C Reduce wastage and improve efficiency
D Increase production capacity
E None of the above
Correct Answer C
Marks 1
5.The pull system in a business organisation implies
A Marketing after new markets are discovered
B Continuity in production
C Sales follow manufacturing
D Production after demand is signalled
E None of the above
Correct Answer D
Marks 1
6. Which of the following affects the calculation of depreciation?
A Scrap value
B Asset life
C Cost of asset
D All of the above
E None of the above
Correct Answer D
Marks 1
7 . Provision for discount on debtors is:
A An expected loss
B An accrued income
C A contingent liability
D A liability
E None of the above
Correct Answer A
Marks 1
8 .Which is not shown under current liabilities?
A Provision for taxation
B Provision for depreciation
C Provision for repairs
D Outstanding wages
E None of the above
Correct Answer B
Marks 1
9 . The annuity method of depreciation takes into account:
A Interest on capital invested
B Residual value
C Revaluation surplus
D Government grants
E None of the above
Correct Answer A
Marks 1
10. In India GST is empowered under which article of the constitution
A Article 264D
B Article 246A
C Article 300B
D Article 272C
E None of the above
Correct Answer B
Marks 1
11.Under which schedule of the Indian constitution is GST mentioned
A Schedule XI
B Schedule VII
C Schedule V
D Schedule IX
None of the above E
Correct Answer B
Marks 1
12. The dual mode system under the GST regime implies
A Collection of tax monthly and annually
B CGST for goods and SGST for service
C Collection of tax by centre and state
D IGST for services and CGST for goods
E None of the above
Correct Answer C
Marks 1
13.The Goods and service tax in India does not apply to
A Hotel and restaurants
B Electronic products
C Petrol and petroleum products
D Cloth and textile industry
E None of the above
Correct Answer C
Marks 1
14.Under the GST regime tax is levied at multiple stages but collected once at
A Entry point
B Manufacturing stage
C Import/export stage
D Final point of consumption
E None of the above
Correct Answer D
Marks 1
15.The composite supply scheme under GST implies
A Supply of unrelated goods
B Supply by multiple vendors
C Supply where items are natually bundled and supplied together
D Supply of taxable and non taxable together
E None of the above
Correct Answer C
Marks 1
16. The IGST collection is shared between
A Centre and RBI
B Centre and importing state
C Centre and SEBI
D Centre and exporting state
E None of the above
Correct Answer B
Marks 1