Classical

December 2014 - Paper 2

11:  

The structure of an organisation in which there is separation of ownership and management is called

A.

Sole proprietorship

B.

Partnership

C.

Company

D.

Cooperative society

 
 

Option: C

Explanation :


12:  

Match the items of List - I with List - II :

                  List-I                                                                       List-II

a. RBI Nationalization                                           i. 1964

b. Imperial Bank Nationalization                        ii. 1949

c. Nationalization of 14 Commercial Banks      iii. 1955

d. Establishment of IDBI                                       iv. 1969

 

Identify the correct combination :

A.

Codes:

a  b  c  d

i  ii  iii iv

B.

Codes:

a  b  c  d

ii  iii i  iv

C.

Codes:

a  b  c  d

iii ii  iv  i

D.

Codes:

a  b  c  d

!ii  iii iv  i

 
 

Option: D

Explanation :


13:  

"Make sufficient provisions for future losses, but do not anticipate future profits." This statement is in accordance to the concept of :

A.

Matching

B.

Objectivity

C.

Conservatism

D.

Materiality

 
 

Option: C

Explanation :


14:  

Which one of the following objectives is not the objective of secondary data collection?

A.

Identify the problem

B.

Test the hypotheses of the relevant present problem

C.

Better define the problem

D.

Interpret primary data more insightfully

 
 

Option: B

Explanation :


15:  

For most people, the purchase of cheese for daily use can be described as a

A.

Completely novel buy

B.

Modified re-buy

C.

Routine re-buy

D.

High involvement product

 
 

Option: C

Explanation :




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