December 2010 - Paper 2

36:  

Which of the following are the application of funds?

(i) Redemption of Preference share capital.

(ii) Payment of Dividend.

(iii) Increase in working capital.

A.

only (i) and (ii)

B.

only (ii) and (iii)

C.

only (i) and (iii)

D.

(i), (ii) and (iii)

 
 

Option: A

Explanation :

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37:  

Co-variance between two variables is

A.

The average of the product of deviations taken from their averages.

B.

A is further divided by the product of their standard deviations.

C.

A is further divided by the product of their arithmetic averages.

D.

None of the above

 
 

Option: D

Explanation :

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38:  

Which of the following is not a part of strategic planning?

A.

Purposes and mission

B.

Objectives

C.

Choice of businesses

D.

Social responsibility

 
 

Option: B

Explanation :

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39:  

Match the following:

List-I           List-II

(a) Adam   (i) Subsistence Smith Theory

(b) Karl      (ii) Wages Fund Marx Theory

(c) John     (iii) The Surlus Davidson Value Theory

(d) David   (iv) Bargaining Ricardo Theory

A.

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

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

B.

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

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

C.

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

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

D.

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

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

 
 

Option: A

Explanation :

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40:  

The following table shows cost per unit of production of two goods, wheat and cloth in two countries X and Y with no transportation cost and free trade:

             X   Y

            Rs.  Rs.

Wheat  50  350

Cloth  100  500

Which one of the following will take place?

A.

No trade will take place.

B.

X will export wheat and import cloth.

C.

X will export cloth and import wheat.

D.

There is no enough information to comment.

 
 

Option: D

Explanation :

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