December 2012 - Paper 3

1:  

The funds available with a company after paying all claims including tax and dividend is called

A.

Net Profit

B.

Net Operating Profit

C.

Capital Profit

D.

Retained Earnings

 
 

Option: D

Explanation :

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2:  

Which of the following statements are correct?

I. Inventory includes raw materials, finished goods and work-in-progress.

II. Inventory is a part of the working capital.

III. Inventory includes goods likely to be purchased.

A.

I, II and III

B.

II and III

C.

I and III

D.

I and II

 
 

Option: D

Explanation :

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3:  

Under which concept of marketing do you find greater emphasis on techniques and technology of production?

A.

Product

B.

Selling

C.

Marketing

D.

None

 
 

Option: A

Explanation :

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4:  

Who is considered Father of Scientific Management?

A.

Peter Drucker

B.

F. W. Taylor

C.

Victor Vroom

D.

Henry Fayol

 
 

Option: B

Explanation :

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5:  

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

       List - I                                       List - II

a. FEMA                                    1. 1986

b. Indian Factories Act             2. 1999

c. Industrial Dispute Act           3. 1948

d. Consumer Protection Act     4. 1947

A.

Codes:

a b c d

4 2 3 1

B.

Codes:

a b c d

3 1 2 4

C.

Codes:

a b c d

2 3 4 1

D.

Codes:

a b c d

1 4 3 2

 
 

Option: C

Explanation :

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