Tamil Nadu Open University (TNOU) 2009 Other Bachelor's Degree Commerce - Question Paper
Wk 5 wsll
UG-836
B.P.P. EXAMINATION, JUNE 2009.
PCO-01
COMMERCE (English Medium and Tamil Medium)
Time : 2 hours Maximum marks : 100
General Instructions :
1. All questions are compulsory.
2. The Question Paper consists of two Sections. Section-A consists
of 30 Questions and Section-B consists of 20 Questions. Each question carries 2 marks.
3. Section-A has 30 Questions with four alternatives, one of which
is correct. Write the serial number of your correct/ alternative answers below the corresponding question number in the Answer Sheets.
4. Section-B has 20 Questions, which are of True/False type. You are requested to write True or False below the corresponding question number in the Answer Sheets.
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SECTION A (30 x 2 = 60 marks) Choose the correct answer :
1. One who consumes the goods is called-
(a) Consumer (b) Customer (c) Buyer (d) Seller JeS uS ot- uknf SupS- uff-
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2. The motive of business is to-.
(a) Produce goods (b) Social welfare
(c) Making profit (d) National growth
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3. Required person to make a contract is-
(a) Five (b) Ten
(c) Two (d) Seven
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4. Auditing will commence only after-
(a) Journal (b) Accounting is over (c) Postings are over (d) Balances are extracted 0 P B ITD - u<5@S iUp- uh S i-lX -3
A) S0- uk B - POTUQ
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5. Share holders will receive-
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(a) Interest (c) Dividend u[Sugp ui&x A. <&!0I B . C u; |
(b) Commission (d) Discount Poti D- UP$ u |
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6. Debenture holders will get (a) Interest (c) Dividend SL uZIT<5IT'Qpr A. &g B . C - u; |
(b) Commission (d) Discount Poti D- UP$ U |
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7. Sales are credited to- (a) Profit and Loss A/c (c) Personal A/c Lp 0U0 OT uX &ITI- UUpZ[,-&S ky. a. u iMBuPwum C- b p\p4S |
(b) Trading Account (d) Stock Account -CuV-0 \0li- ul b . p ILIuWgpngQ D- \S |
8. The required minimum member to carry out a banking business
under partnership is
(a) Two (b) Ten
(c) Twenty (d) Fifty
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9. The maximum members in a private company is-.
(a) Ten (b) Fifty
(c) Seven (d) Unlimited
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10. Gross profit is derived from-.
(a) Ledger (b) Journal
(c) Trial Balance (d) Trading A/c - U-cCyX AyX-d
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11. To know the net profit we have to prepare-.
(a) Bank Reconciliation (b) Profit and Loss A/c
(c) Balance Sheet (d) Sales Account
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12. Bad debts to be deducted from-
(a) Creditors (b) Debtors (c) Sellers (d) Buyers aiiTgPL-cyX SpgP- h
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13. First directors are nominated by the-
(a) Auditor (b) Banker
(c) Promotor (d) Secretary UcjgSii0 ujjw- f-3
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14. The first meeting of the company is called
(a) Statutory meeting (b) Annual general meeting
(c) Creditors meeting (d) Public meeting
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15. The meeting convened every year is called-.
(a) Regular meeting
(b) Bankers meeting
(c) Annual General meeting
(d) Extra-ordinary meeting
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16. In a private company, the shares are-.
(a) Transferable (b) Saleable
(c) Correctable (d) Not-transferable
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17. Shares issued less than its face value is called-
(a) Premium (b) Discount
(c) At par (d) Loss
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18. If Calls are not paid, the shares will be-
(a) Cancelled (b) Re-issued
(c) Fore-Feited (d) Transferred
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19. Arrears of dividend will be payable to-
(a) Equity share holders
(b) Preference share holders
(c) Non-cumulative preference share holders
(d) Cumulative preference share holders
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20. Preference share holders will get right over equity share holders.
preferential
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(a) Two (b) Three
(c) Four (d) One
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21. Board of Directors meetings to be conducted in a year is
Three
(a) One (b) (c) Four (d)
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Six
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22. Agenda of a meeting must be prepared by
(a) Director (b) Secretary
(c) Share holder (d) Auditor
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23. Number of clauses in a memorandum is (a) Ten (b) Two (c) Six (d) Three a0- lS- uzVzVgtEP" \irZ) upp 8 Gs oUP
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24. The partnership act is introduced in the year-
(a) 1946 (b) 1956
(c) 1948 (d) 1932
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25. A complete Companies Act was introduced in (a) 1956 (b) 1911
(c) 1948 (d) 1932
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26. Factors of production are (a) Two (b)
(c) Four (d)
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27. Normally price includes
Five
Six
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also.
(a) Discount (b) Profit
(c) Commission (d) Brokerage pgPP-&hP- u
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28. Balance sheet is prepared on a-
(a) Month (b) Year
(c) Week (d) On a day
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29. Dividend will be payable out of-
(a) Interest (b) Discount
(c) Premium (d) Profit
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30.- is required to safe guard the business from
unexpected risks.
(a) Insurance (b) Capital
(c) Cash (d) Profit
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SECTION B (20 x 2 = 40 marks)
State whether the following statements are True or False :
8 UG-836
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31. Sole traders business is to be registered.
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32. Partners are not liable to the firms debt.
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33. A new company can not issue share at a discount.
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34. Expenses and losses are different from each other.
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35. Capital Reserve is different from reserved capital.
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36. Profit is not the yardstick of measuring business progress.
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37. There are two parties to a bill of exchange.
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38. Prospectus is an invitation to subscribe its shares.
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39. First Recording of transaction is done in journal. miMiigPPPp DUS- jmro.uyi-o jmu- ukQgpOT3
40. Middle man earns more profit than the producer.
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41. Company can be started by five persons.
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42. Sales ledger records cash sales also.
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9 UG-836
43. Advertisement can not be treated as normal expense. p OTyu nan up up <iX .
44. Bonus shares are issued to the public. uOT<u[Sppr uX up uS-0 &P L- uky3
45. Purchase returns can be credited to trading A/c.
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46. Appropriation can be done only if there is a profit.
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47. Interest can be paid out of capital.
48. Traders can prepare Manufacturing Account. p LuUPp E@uZHPnu0)P uLd- ugp3
49. Stock will be valued at market price only.
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50. Goodwill can be realised along with the business.
10 UG-836
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Attachment: |
| Earning: Approval pending. |
