December 2010 - Paper 2

46:  

The main purpose of Cost Accounting is to

A.

assist management in decision making.

B.

maximise profits and minimise losses.

C.

comply norms issued by the Government of India from time to time.

D.

prepare cost accounts in line with the accounting standards.

 
 

Option: D

Explanation :

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47:  

Which of the following has RDBMS?

(i) Access

(ii) Excel

A.

(i) and (ii)

B.

only (i)

C.

only (ii)

D.

None of the above

 
 

Option: D

Explanation :

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48:  

Match the following:

List-I                    List-II

(a) Supply chain   (i) putting the management product in the mind of the prospective buyer

(b) Product           (ii) the process of positioning gathering, filtering and analysing information

                                  relating to the marketing environment

(c) Marketing        (iii) improving the environment performance of analysis, dealers through

                                  sharpening of their sales skills and product knowledge

(d) Dealer             (iv) larger in scope training than both physical and marketing logistics

A.

(a) (b) (c) (d)

(i) (ii) (iii) (iv)

B.

(a) (b) (c) (d)

(iv) (i) (ii) (iii)

C.

(a) (b) (c) (d)

(ii) (iv) (iii) (i)

D.

(a) (b) (c) (d)

(iii) (iv) (i) (ii)

 
 

Option: B

Explanation :

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49:  

Statements:

(i) Fringe benefits, now-a-days, are a significant component of "compensation".

(ii) Under Piece-rate plan, employees are paid at a stipulated rate per hour of work done by them.

A.

Both (i) and (ii) are correct.

B.

Both (i) and (ii) are incorrect.

C.

(i) is incorrect and (ii) is correct.

D.

(i) is correct and (ii) is incorrect.

 
 

Option: D

Explanation :

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50:  

Match the following economic institutions with the year of their establishment:

(a) World Bank (i) 1944

(b) International (ii) 1956 Finance Corporation

(c) International (iii) 1960 Development Agency

(d) Asian Development (iv) 1966 Bank

A.

(a) (b) (c) (d)

(i) (ii) (iii) (iv)

B.

(a) (b) (c) (d)

(i) (ii) (iv) (ii)

C.

(a) (b) (c) (d)

(ii) (i) (iv) (iii)

D.

(a) (b) (c) (d)

(iii) (i) (ii) (iv)

 
 

Option: A

Explanation :

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