Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2007 M.B.A Finance FA - Financial Accounting and Management - Question Paper

b. Companies Act 1956
c. Banking Regulation Act 1947
d. None of the above

22. Reserve is the part of
a. Profit
b. Dividend
c. Bonus
d. All of the above






23. Minute books are maintained as per
a. Sec 143
b. Sec 157
c. Sec 193
d. Sec 307

24. The abridged statements shall be audited and approved by the
a. Board of Directors
b. Accountant
c. Finance Manager
d. All of the above

25. Historical cost of inventories may be determined by using
a. FIFO
b. LIFO
c. Both a & b
d. Variable Costing Method

26. Variable costing is also called
a. Direct costing
b. Absorption costing
c. Both a & b
d. None of the above

27. ________ have a residual interest in corporate profits.
a. Debenture Capital
b. Preference Share Capital
c. Equity Share Capital
d. Both a & b

28. Statutory books are needed to be maintained by a Companies Act.
a. 1932
b. 1948
c. 1949
d. None of the above

29. Intangible assets
a. Have physical existence
b. Have no physical existence
c. Which can be seen
d. None of the above


30. The term ‘depreciable assets’ refers to:
a. Tangible assets
b. Tangible fixed assets
c. Intangible assets
d. None of the above

31. Prevision for taxation is shown under the head _______ in the Balance Sheet.
a. P & L
b. Reserves
c. Provision
d. All of the above

32. All dividends must be paid within _______ days of its declaration.
a. 37
b. 42
c. 48
d. 52

33. MODVAT was introduced by incorporating Rules 57A to 57J in the Central Excise Rules. _____
a. 1932
b. 1944
c. 1952
d. None of the above

34. MODVAT was introduced in the year
a. 1980
b. 1989
c. 1992
d. None of the above

35. Which of the subsequent is distribution of profits to shareholders?
a. Amortization
b. Effective Capital
c. Dividend
d. Provisions

36. Capital needed to maintain routine operations is called
a. Fixed Capital
b. Working Capital
c. Fixed assets
d. All of the above






37. Short term obligations which have to be a met within the next twelve months is called
a. Current Assets
b. Working capital
c. Secured loans
d. Current liabilities

38. _______ denotes the loss in value on an asset due to wear and tear.
a. Provision of taxation
b. Dividend
c. Depreciation
d. None of the above

39. Managerial remuneration is payable to managerial personnel within the overall ceiling prescribed in part ________ of the Companies Act, 1956.

Earning:   Approval pending.