MCQ Questions for Class 12 Maths Chapter 1 Relations and Functions with Answers

Relations and Functions Class 12 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 12 Maths Chapter 1 Relations and Functions with Answers Pdf free download. MCQ Questions for Class 12 Maths with Answers were prepared based on the latest exam pattern. We have provided Relations and Functions Class 12 Maths MCQs Questions with Answers to help students understand the concept very well.

Class 12 Maths Chapter 1 MCQ With Answers

Maths Class 12 Chapter 1 MCQs On Relations and Functions

Relation And Function Class 12 MCQ Question 1.
If f(x1) = f (x2) ⇒ x1 = x2 ∀ x1 x2 ∈ A then the function f: A → B is
(a) one-one
(b) one-one onto
(c) onto
(d) many one

Answer

Answer: (a) one-one


Relations And Functions Class 12 MCQ Question 2.
What type of a relation is R = {(1, 3), (4, 2), (2, 4), (2, 3), (3, 1)} on the set A – {1, 2, 3, 4}
(a) Reflexive
(b) Transitive
(c) Symmetric
(d) None of these

Answer

Answer: (d) None of these


MCQ On Relation And Function Class 12 Question 3.
If F : R → R such that f(x) = 5x + 4 then which of the following is equal to f-1(x).
(a) \(\frac{x-5}{4}\)
(b) \(\frac{x-y}{5}\)
(c) \(\frac{x-4}{5}\)
(d) \(\frac{x}{4}\) -5

Answer

Answer: (c) \(\frac{x-4}{5}\)


MCQ Of Relation And Function Class 12 Question 4.
If an operation is defined by a* b = a² + b², then (1 * 2) * 6 is
(a) 12
(b) 28
(c) 61
(d) None of these

Answer

Answer: (c) 61


Relation And Function MCQ Question 5.
Consider the binary operation * on a defined by x * y = 1 + 12x + xy, ∀ x, y ∈ Q, then 2 * 3 equals
(a) 31
(b) 40
(c) 43
(d) None of these

Answer

Answer: (a) 31


Class 12 Maths Chapter 1 MCQ Questions Question 6.
The range of the function f(x) = \(\sqrt{(x-1)(3-x)}\) is
(a) [1, 3]
(b) [0, 1]
(c) [-2, 2]
(d) None of these

Answer

Answer: (a) [1, 3]


Relation And Function Class 12 MCQ Questions Question 7.
If f: R → R defined by f(x) = 2x + 3 then f-1(x) =
(a) 2x – 3
(b) \(\frac{x-3}{2}\)
(c) \(\frac{x+3}{2}\)
(d) None of these

Answer

Answer: (b) \(\frac{x-3}{2}\)


Class 12 Maths Chapter 1 MCQ Question 8.
The function f(x) = log (x² + \(\sqrt{x^2+1}\) ) is
(a) even function
(b) odd function
(c) Both
(d) None of these

Answer

Answer: (a) even function


Relation And Function MCQ Class 12 Question 9.
Let E = {1, 2, 3, 4} and F = {1, 2} Then, the number of onto functions from E to F is
(a) 14
(b) 16
(c) 12
(d) 8

Answer

Answer: (a) 14


MCQ Of Maths Class 12 Chapter 1 Question 10.
If A, B and C are three sets such that A ∩ B = A ∩ C and A ∪ B = A ∪ C. then
(a) A = B
(b) A = C
(c) B = C
(d) A ∩ B = d

Answer

Answer: (c) B = C


Relations And Functions MCQ Question 11.
Let A = {1, 2}, how many binary operations can be defined on this set?
(a) 8
(b) 10
(c) 16
(d) 20

Answer

Answer: (c) 16


Let A = {1, 2}, how many binary operations can be defined on this set?

MCQ Relation And Function Class 12 Question 12.
Let A = {1, 2, 3, 4,…. n} How many bijective function f : A → B can be defined?
(a) \(\frac{1}{2}\)n
MCQ Questions for Class 12 Maths Chapter 1 Relations and Functions with Answers
(d) n

Answer

Answer: (c) [n


Class 12 Maths Ch 1 MCQ Questions Question 13.
If A = (1, 2, 3}, B = {6, 7, 8} is a function such that f(x) = x + 5 then what type of a function is f?
(a) Many-one onto
(b) Constant function
(c) one-one onto
(d) into

Answer

Answer: (c) one-one onto


Relation Function Class 12 MCQ Question 14.
Let function R → R is defined as f(x) = 2x³ – 1, then ‘f’ is
(a) 2x³ + 1
(b) (2x)³ + 1
(c) (1 – 2x)³
(d) (\(\frac{1+x}{2}\))1/3

Answer

Answer: (d) (\(\frac{1+x}{2}\))1/3


Relation And Function Class 12 MCQ Term 1 Question 15.
Let the functioin ‘f’ be defined by f (x) = 5x² + 2 ∀ x ∈ R, then ‘f’ is
(a) onto function
(b) one-one, onto function
(c) one-one, into function
(d) many-one into function

Answer

Answer: (d) many-one into function


MCQs On Relations And Functions Class 12 Question 16.
A relation R in human being defined as, R = {{a, b) : a, b ∈ human beings : a loves A} is-
(a) reflexive
(b) symmetric and transitive
(c) equivalence
(d) None of these

Answer

Answer: (c) equivalence


Class 12 Relation And Function MCQ Question 17.
If f(x) + 2f (1 – x) = x² + 2 ∀ x ∈ R, then f(x) =
(a) x² – 2
(b) 1
(c) \(\frac{1}{3}\) (x – 2)²
(d) None of these

Answer

Answer: (c) \(\frac{1}{3}\) (x – 2)²


MCQ Questions On Relations And Functions Class 12 Question 18.
The period of sin² θ is
(a) π²
(b) π
(c) 2π
(d) \(\frac{π}{2}\)

Answer

Answer: (b) π


Class 12 Maths MCQ Chapter 1 Question 19.
The domain of sin-1 (log (x/3)] is. .
(a) [1, 9]
(b) [-1, 9]
(c) [-9, 1]
(d) [-9, -1]

Answer

Answer: (a) [1, 9]


Ch 1 Maths Class 12 MCQ Question 20.
f(x) = \(\frac{log_2(x+3)}{x^2+3x+2}\) is the domain of
(a) R – {-1, -2}
(b) (- 2, ∞) .
(c) R- {- 1,-2, -3}
(d) (-3, + ∞) – {-1, -2}

Answer

Answer: (d) (-3, + ∞) – {-1, -2}


Class 12 Relations And Functions MCQ Question 21.
If the function f(x) = x³ + ex/2 and g (x) = fn(x), then the value of g'(1) is
(a) 1
(b) 2
(c) 3
(d) 4

Answer

Answer: (b) 2


Chapter 1 Maths Class 12 MCQ Question 22.
What type of relation is ‘less than’ in the set of real numbers?
(a) only symmetric
(b) only transitive
(c) only reflexive
(d) equivalence

Answer

Answer: (b) only transitive


Relations And Functions Class 12 MCQs Question 23.
If A = [1, 2, 3}, B = {5, 6, 7} and f: A → B is a function such that f(x) = x + 4 then what type of function is f?
(a) into
(b) one-one onto
(c) many-onto
(d) constant function

Answer

Answer: (b) one-one onto


Relation And Function Class 12th MCQ Question 24.
f: A → B will be an into function if
(a) range (f) ⊂ B
(b) f(a) = B
(c) B ⊂ f(a)
(d) f(b) ⊂ A

Answer

Answer: (a) range (f) ⊂ B


Question 25.
If f : R → R such that f(x) = 3x then what type of a function is f?
(a) one-one onto
(b) many one onto
(c) one-one into
(d) many-one into

Answer

Answer: (c) one-one into


Question 26.
If f: R → R such that f(x) = 3x – 4 then which of the following is f-1(x)?
(a) \(\frac{1}{3}\) (x + 4)
(b) \(\frac{1}{3}\) (x – 4)
(c) 3x – 4
(d) undefined

Answer

Answer: (a) \(\frac{1}{3}\) (x + 4)


Question 27.
A = {1, 2, 3} which of the following function f: A → A does not have an inverse function
(a) {(1, 1), (2, 2), (3, 3)}
(b) {(1, 2), (2, 1), (3, 1)}
(c) {(1, 3), (3, 2), (2, 1)}
(d) {(1, 2), (2, 3), (3, 1)

Answer

Answer: (b) {(1, 2), (2, 1), (3, 1)}


Question 28.
Let T be the set of all triangles in the Euclidean plane, and let a relation R on T be defined as aRb if a congruent to b ∀ a, b ∈ T. Then R is
(a) reflexive but-not transitive
(b) transitive but not symmetric
(c) equivalence
(d) None of these

Answer

Answer: (c) equivalence


Question 29.
Consider the non-empty set consisting of children is a family and a relation R defined as aRb If a is brother of b. Then R is
(a) symmetric but not transitive
(b) transitive but not symmetric
(c) neither symmetric nor transitive
(d) both symmetric and transitive

Answer

Answer: (b) transitive but not symmetric


Question 30.
The maximum number of equivalence relations on the set A = {1, 2, 3} are
(a) 1
(b) 2
(c) 3
(d) 5

Answer

Answer: (d) 5


Question 31.
If a relation R on the set {1, 2, 3} be defined by R = {(1, 2)}, then R is
(a) reflexive
(b) transitive
(c) symmetric
(d) None of these

Answer

Answer: (b) transitive


Question 32.
Let us define a relation R in R as aRb if a ≥ b. Then R is
(a) an equivalence relation
(b) reflexive, transitive but not symmetric
(c) neither transitive nor reflexive but symmetric
(d) symmetric, transitive but not reflexive

Answer

Answer: (b) reflexive, transitive but not symmetric


Question 33.
Let A = {1, 2, 3} and consider the relation R = {(1, 1), (2, 2), (3, 3), (1, 2), (2, 3), (1, 3)}. Then R is
(a) reflexive but not symmetric
(b) reflexive-but not transitive.
(c) symmetric and transitive
(d) neither symmetric, nor transitive

Answer

Answer: (a) reflexive but not symmetric


Question 34.
The identity element for the binary operation * defined on Q ~ {0} as
a * b = \(\frac{ab}{2}\) ∀ a, b ∈ Q ~ {0} is
(a) 1
(b) 0
(c) 2
(d) None of these

Answer

Answer: (c) 2


Question 35.
If the set A contains 5 elements and the set B contains 6 elements, then the number of one-one and onto mappings from A to B is
(a) 720
(b) 120
(c) 0
(d) None of these

Answer

Answer: (c) 0


Question 36.
Let A = {1, 2,3,…. n} and B = { a, b}. Then the number of surjections from A into B is
(a) nP2
(b) 2n – 2
(c) 2n – 1
(d) None of these

Answer

Answer: (b) 2n – 2


Question 37.
Let f : R → R be defined by f (x) = \(\frac{1}{x}\) ∀ x ∈ R. Then f is
(a) one-one
(b) onto
(c) bijective
(d) f is not defined

Answer

Answer: (d) f is not defined


Question 38.
Let f: R → R. be defined by f (x) = 3x² – 5 and g : R → R by g (x) = \(\frac{x}{x^2+1}\). Then g o f is
MCQ Questions for Class 12 Maths Chapter 1 Relations and Functions with Answers

Answer

Answer: (a)


Question 39.
Which of the following functions from Z into Z are bijective?
(a) f(x) = x³
(b) f(x) = x + 2
(c) f(x) = 2x + 1
(d) f{x) = x² + 1

Answer

Answer: (b) f(x) = x + 2


Question 40.
Let f: R → R be the function defined by f(x) = x³ + 5. Then f-1 (x) is
(a) (x + 5)1/3
(b) (x -5)1/3
(c) (5 – x)1/3
(d) 5 – x

Answer

Answer: (b) (x -5)1/3


Question 41.
Let f: A → B and g : B → C be the bijective functions. Then (g o f)-1 is,
(a) f-1 o g-1
(b) f o g
(c ) g-1 o f-1
(d) g o f

Answer

Answer: (a) f-1 o g-1


Question 42.
Let f: R – {\(\frac{3}{5}\)} → R be defined by f(x) = \(\frac{3x+2}{5x-3}\) then
(a) f-1(x) = f(x)
(b) f-1(x) = -f(x)
(c ) (f o f)x = -x
(d ) f-1(x) = \(\frac{1}{19}\) f(x)

Answer

Answer: (a) f-1(x) = f(x)


Question 43.
Let f: [0, 1| → [0, 1| be defined by
MCQ Questions for Class 12 Maths Chapter 1 Relations and Functions with Answers
(a) Constant
(b) 1 + x
(c) x
(d) None of these

Answer

Answer: (c) x


Question 44.
Let f: |2, ∞) → R be the function defined by f(x) – x² – 4x + 5, then the range of f is
(a) R
(b) [1, ∞)
(c) [4, ∞)
(d) [5, ∞)

Answer

Answer: (b) [1, ∞)


Question 45.
Let f: N → R be the function defined by f(x) = \(\frac{2x-1}{2}\) and g: Q → R be another function defined by g (x) = x + 2. Then (g 0 f) \(\frac{3}{2}\) is
(a) 1
(b) 0
(c) \(\frac{7}{2}\)
(d) None of these

Answer

Answer: (d) None of these


Question 46.
Let f: R → R be defined by
MCQ Questions for Class 12 Maths Chapter 1 Relations and Functions with Answers
then f(- 1) + f (2) + f (4) is
(a) 9
(b) 14
(c) 5
(d) None of these

Answer

Answer: (a) 9


Question 47.
Let f : R → R be given by f (,v) = tan x. Then f-1(1) is
(a) \(\frac{π}{4}\)
(b) {nπ + \(\frac{π}{4}\) : n ∈ Z}
(c) does not exist
(d) None of these

Answer

Answer: (b) {nπ + \(\frac{π}{4}\) : n ∈ Z}


Question 48.
The relation R is defined on the set of natural numbers as {(a, b): a = 2b}. Then, R-1 is given by
(a) {(2, 1), (4, 2), (6, 3),….}
(b) {(1, 2), (2, 4), (3, 6),….}
(c) R-1 is not defined
(d) None of these

Answer

Answer: (b) {(1, 2), (2, 4), (3, 6),….}


Question 49.
The relation R = {(1,1), (2, 2), (3, 3), (1, 2), (2, 3), (1, 3)} on set A = {1, 2, 3} is
(a) Reflexive but not symmetric
(b) Reflexive but not transitive
(c) Symmetric and transitive
(d) Neither symmetric nor transitive

Answer

Answer: (a) Reflexive but not symmetric


Question 50.
Let P = {(x, y) | x² + y² = 1, x, y ∈ R]. Then, P is
(a) Reflexive
(b) Symmetric
(c) Transitive
(d) Anti-symmetric

Answer

Answer: (b) Symmetric


Question 51.
Let R be an equivalence relation on a finite set A having n elements. Then, the number of ordered pairs in R is
(a) Less than n
(b) Greater than or equal to n
(c) Less than or equal to n
(d) None of these

Answer

Answer: (b) Greater than or equal to n


Question 52.
For real numbers x and y, we write xRy ⇔ x – y + √2 is an irrational number. Then, the relational R is
(a) Reflexive
(b) Symmetric
(c) Transitive
(d) None of these

Answer

Answer: (a) Reflexive


Question 53.
Let R be a relation on the set N be defined by {(x, y) | x, y ∈ N, 2x + y = 41}. Then R is
(a) Reflexive
(b) Symmetric
(c) Transitive
(d) None of these

Answer

Answer: (d) None of these


Let R be a relation on the set N be defined by {(x, y) | x, y ∈ N, 2x + y = 41}. Then R is

Question 54.
Which one of the following relations on R is an equivalence relation?
(a) aR1b ⇔ |a| = |b|
(b) aR2b ⇔ a ≥ b
(c) aR3b ⇔ a divides b
(d) aR4b ⇔ a < b

Answer

Answer: (a) aR1b ⇔ |a| = |b|


Question 55.
Let R be a relation on the set N of natural numbers denoted by nRm ⇔ n is a factor of m (i.e. n | m). Then, R is
(a) Reflexive and symmetric
(b) Transitive and symmetric
(c) Equivalence
(d) Reflexive, transitive but not symmetric

Answer

Answer: (d) Reflexive, transitive but not symmetric


We hope the given NCERT MCQ Questions for Class 12 Maths Chapter 1 Relations and Functions with Answers Pdf free download will help you. If you have any queries regarding Relations and Functions CBSE Class 12 Maths MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Class 12 Maths MCQ:

MCQ Questions for Class 11 Business Studies Chapter 8 Sources of Business Finance with Answers

Sources of Business Finance Class 11 MCQ Online Test With Answers Questions

Check the below Online Education NCERT MCQ Questions for Class 11 Business Studies Chapter 8 Sources of Business Finance with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Sources of Business Finance Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well.

Class 11 Business Studies Chapter 8 Sources of Business Finance MCQ With Answers

Business Studies Class 11 Chapter 8 MCQs On Sources of Business Finance

Sources Of Business Finance Class 11 MCQ Question 1.
Internal sources of capital are those that are
(a) generated through outsiders such as suppliers
(b) generated through loans from commercial banks
(c) generated through issue of shares
(d) generated within the business

Answer

Answer: (d) generated within the business


Sources Of Business Finance MCQ Chapter 8 Class 11 Question 2.
Under the factoring arrangement, the factor
(a) Produces and distributes the goods or services
(b) Makes the payment on behalf of the client
(c) Collects the client’s debt or account receivables
(d) Transfer the goods from one place to another

Answer

Answer: (c) Collects the client’s debt or account receivables


MCQ On Sources Of Finance With Answers Chapter 8 Class 11 Question 3.
Under the lease agreement, the lessee gets the right to
(a) Share profits earned by the lessor
(b) Participate in the management of the organization
(c) Use the asset for a specified period
(d) Sell the assets

Answer

Answer: (c) Use the asset for a specified period


Under the lease agreement, the lessee gets the right to

MCQ Questions For Class 11 Business Studies Chapter 8 Question 4.
ADRs are issued in
(a) Canada
(b) China
(c) India
(d) USA

Answer

Answer: (d) USA


MCQ On Sources Of Business Finance Chapter 8 Class 11 Question 5.
The term ‘redeemable’ is used for
(a) Preference shares
(b) Commercial paper
(c) Equity shares
(d) Public deposits

Answer

Answer: (b) Commercial paper


Sources Of Finance MCQ Chapter 8 Class 11 Question 6.
When one party grants the other party the right to use the asset in return for a periodic payment, it is known as __________
(a) Lease Financing
(b) Factoring
(c) Public Deposits
(d) Debts

Answer

Answer: (a) Lease Financing


MCQ Sources Of Business Finance Class 11 Chapter 8 Question 7.
Money obtained by issue of shares is known as ___________
(a) Debts
(b) Share Capital
(c) Loans
(d) Reserve Funds

Answer

Answer: (b) Share Capital


MCQ Of Sources Of Business Finance Chapter 8 Class 11 Question 8.
_____________ was the first company in India to issue convertible zero interest debentures in January 1990
(a) Mahindra and Mahindra
(b) Adani Enterprise
(c) Tata Motors
(d) Reliance Limited

Answer

Answer: (a) Mahindra and Mahindra


Source Of Business Finance Class 11 MCQ Chapter 8 Question 9.
Which of the following is a commercial bank?
(a) All of these
(b) Canara bank
(d) Punjab National Bank
(d) State Bank of India

Answer

Answer: (a) All of these


Question 10.
The ordinary shares of a company are delivered to the depository bank, which in turn issues the depository receipts, known as _______
(a) Commercial banks
(b) ADR
(c) None of these
(d) GDR

Answer

Answer: (d) GDR


Question 11.
Unit Trust of India was established by ___________
(a) ICICI
(b) State Bank Group
(c) Indian Government
(d) HDFC Bank

Answer

Answer: (c) Indian Government


Question 12.
ICICI was established in _________________
(a) 1975
(b) 1955
(c) 1985
(d) 1965

Answer

Answer: (b) 1955


Question 13.
Expand ICICI
(a) None of these
(b) International Credit and Investment Corporation of India
(c) Indian Credit and Investment Corporation of India
(d) Industrial Credit and Investment Corporation of India

Answer

Answer: (c) Industrial Credit and Investment Corporation of India


Question 14.
The maturity period of a commercial paper usually ranges from
(a) 20 to 40 days
(b) 60 to 90 days
(c) 120 to 365 days
(d) 90 to 364 days

Answer

Answer: (d) 90 to 364 days


Question 15.
Debentures represent
(a) Fixed capital of the company
(b) Permanent capital of the company
(c) Fluctuating capital of the company
(d) Loan capital of the company

Answer

Answer: (d) Loan capital of the company


Question 16.
Public deposits are the deposits that are raised directly from
(a) The public
(b) The directors
(c) The auditors
(d) The owners

Answer

Answer: (a) The public


Question 17.
Funds required for purchasing current assets is an example of
(a) Fixed capital requirement
(b) Ploughing back of profits
(c) Working capital requirement
(d) Lease financing

Answer

Answer: (c) Working capital requirement


Question 18.
Equity shareholders are called
(a) Owners of the company
(b) Partners of the company
(c) Executives of the company
(d) Guardian of the company

Answer

Answer: (a) Owners of the company


Question 19.
Investors who want steady income may not prefer ____________
(a) None of these
(b) Debentures
(c) Equity Shares
(d) Bonds

Answer

Answer: (c) Equity Shares


Question 20.
Dividend is paid only on ___________
(a) Loans
(b) Debentures
(c) Bonds
(d) Shares

Answer

Answer: (d) Shares


Question 21.
Funds raised through loans or borrowings are ________
(a) Borrowed funds
(b) Owners Equity
(c) None of these
(d) Share Capital

Answer

Answer: (a) Borrowed funds


Question 22.
GDRs can be converted into shares _____________
(a) At any time
(b) After 5 years
(c) After 10 years
(d) After one year

Answer

Answer: (a) At any time


Question 23.
State Industrial Development Corporations were established by _______
(a) Ministry of Finance
(b) None of these
(c) Central Government
(d) Different States

Answer

Answer: (d) Different States


Question 24.
Life insurance corporation was set up in ________
(a) 1965
(b) 1956
(c) 1975
(d) 1985

Answer

Answer: (b) 1956


Question 25.
Industrial Finance Corporation of India (IFCI) was established in _______
(a) July, 1948
(b) July, 2001
(c) July, 1956
(d) July, 1991

Answer

Answer: (a) July, 1948


Industrial Finance Corporation of India (IFCI) was established in _______

One Mark Questions

1. Mention any one source of Business Finance.

Answer

Answer: Owners fund


2. Mention any one type of shares.

Answer

Answer: Equity Share


3. Give one merits of Equity shares.

Answer

Answer: Equity shares holders enjoy the limited liability.


4. State any one type of preference shares.

Answer

Answer: Cumulative preference shares


5. State any one type of Debentures.

Answer

Answer: Secured debentures


6. Mention any one sources of owner’s fund.

Answer

Answer: Equity Share


7. Mention any one type of Financial Institutions.

Answer

Answer: Industrial Finance Corporation of India.


8. Expand ADR.

Answer

Answer: American Depository Receipts


9. Expand GDR.

Answer

Answer: Global Depository Receipts


10. Expand IDR.

Answer

Answer: Indian Depository Receipts


11. Expand ICD.

Answer

Answer: Inter Corporate Deposit


12. Expand EXIM Bank.

Answer

Answer: Export Import bank


We hope the given NCERT MCQ Questions for Class 11 Business Studies Chapter 8 Sources of Business Finance with Answers Pdf free download will help you. If you have any queries regarding Sources of Business Finance CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Class 11 Business Studies MCQ:

MCQ Questions for Class 12 Accountancy Chapter 6 Accounting for Share Capital with Answers

Accounting for Share Capital Class 12 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 6 Accounting for Share Capital with Answers Pdf free download. MCQ Questions for Class 12 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Accounting for Share Capital Class 12 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 12 Accountancy Chapter 6 Accounting for Share Capital MCQ With Answers

Accountancy Class 12 Chapter 6 MCQs On Accounting for Share Capital

Share Capital MCQs Class 12 Chapter 6 Question 1.
Reserve share capital means :
(a) Part of authorised capital to be called at the beginning
(b) Portion of uncalled capital to be called only at liquidation
(c) Over subscribed capital
(d) Under subscribed capital

Answer

Answer: (b) Portion of uncalled capital to be called only at liquidation


Accounting For Share Capital MCQ Chapter 6 Question 2.
When full amount is due on any call but it is not received, then the short fall is debited to :
(a) Calls-in-advance
(b) Calls-in-arrear
(c) Share Capital
(d) Suspense Account

Answer

Answer: (b) Calls-in-arrear


Accounting For Share Capital Class 12 MCQ Chapter 6 Question 3.
The difference between subscribed capital and called up capital is called :
(a) Calls-in-arear
(b) Calls-in-advance
(c) Uncalled capital
(d) None of these

Answer

Answer: (c) Uncalled capital


Share Capital Class 12 MCQ Chapter 6 Question 4.
Which statement is issued before the issue of shares ?
(a) Prospectus
(b) Articles of Association
(c) Memorandum of Association
(d) All of these

Answer

Answer: (d) All of these


Share Capital Of A Company Means MCQ Chapter 6 Question 5.
Company can utilise securities premium for :
(a) Writing off loss incurred on revaluation of asset
(b) Issuing fully paid bonus shares
(c) Paying divided
(d) Writing off trading loss

Answer

Answer: (b) Issuing fully paid bonus shares


MCQ Of Share Capital Class 12 Chapter 6 Question 6.
When a company issues fully paid shares to promoters
for their services, the journal entry will be:
(a) Bank A/c Dr.
To Share Capital A/c
(b) Good will A/c Dr.
To Share Capital A/c
(c) Promoters Personal A/c Dr.
To Share Capital A/c
(d) Promotion Expenses A/c Dr.
To Share Capital A/c

Answer

Answer: (b) Goodwill A/c Dr.
To Share Capital A/c


Accounting For Share Capital MCQs Class 12 Chapter 6  Question 7.
When a company issues shares at a premium, amount of premium may be received by the company :
(a) Along with application money
(b) Along with application money
(c) Along with calls
(d) Along with any of the above

Answer

Answer: (d) Along with any of the above


MCQs Of Share Capital Class 12 Chapter 6 Question 8.
Share Application Account is :
(a) Personal Account
(b) Real Account
(c) Nominal/ Account
(d) None of these

Answer

Answer: (a) Personal Account


Issue Of Shares Class 12 MCQ Chapter 6 Question 9.
Secrities Premium can not be applied :
(a) For paying dividend to members
(b) For issuing bonus shares to members
(c) For writing off preliminary expenses of company
(d) For writing off discount on issue of debentures

Answer

Answer: (a) For paying dividend to members


Accounting For Shares Class 12 MCQ Chapter 6 Question 10.
A joint stock company is :
(a) An artificial legal person
(b) Natural person
(c) A general person
(d) None of these

Answer

Answer: (a) An artificial legal person


Share Capital MCQ Questions Chapter 6 Question 11.
Equity shareholders are :
(a) Customers
(b) Creditors
(c) Debtors
(d) Owners

Answer

Answer: (d) Owners


Share Capital Of A Company Means MCQ Answer Chapter 6 Question 12.
Reserve capital means :
(a) A part of subscribed uncalled capital
(b) Reserve Profit
(c) A part of Capital Reserve
(d) A part of Capital Redemption Reserve

Answer

Answer: (a) A part of subscribed uncalled capital


Question 13.
Securities Premium is shown under which head in the Balance Sheet ?
(a) Reserve and Surplus
(b) Miscellaneous Expenditure
(c) Current Liabilities
(d) Share Capital

Answer

Answer: (a) Reserve and Surplus


Question 14.
Shares may be issued :
(a) At par value
(b) At FYemimum
(c) At Discount
(d) Both (a) & (b)

Answer

Answer: (d) Both (a) & (b)


Question 15.
Capital included in the liabilities of a company is called :
(a) Authorised Capital
(b) Issued Capital
(c) Subscribed Capital
(d) Paid-up Capital

Answer

Answer: (d) Paid-up Capital


Question 16.
An issue of shares which is not a public issue but offered to a selected group of persons is called :
(a) Public offer
(b) Private placement of shares
(c) Initial public offer
(d) None of these

Answer

Answer: (d) None of these


Question 17.
If a share of ₹ 10 on which ₹ 8 has been called and ₹ 6 is paid is forfeited, the Share Capital Account should be debited with :
(a) ₹ 8
(b) ₹ 10
(c) ₹ 6
(d) ₹ 2

Answer

Answer: (a) ₹ 8


Question 18.
When shares are forfeited, the Share Capital Account is debited with:
(a) Nominal value of Shares
(b) Market value of Shares
(c) Called-up value of Shares
(d) Paid-up value of Shares

Answer

Answer: (c) Called-up value of Shares


Question 19.
If the loss on reissue of shares is less than the amount forfeited, the ‘surplus’ or profit is transferred to :
(a) Capital Reserve
(b) Revenue Reserve
(c) Profit & Loss A/c
(d) None of these

Answer

Answer: (a) Capital Reserve


If the loss on reissue of shares is less than the amount forfeited, the ‘surplus’ or profit is transferred to :

Question 20.
J. Ltd. re-issue 2,000 shares which where forfeited by crediting share forfeiture account by ₹ 3,000. These shares were re-issued at ₹ 9 per share. The amount transferred to capital reserve will be :
(a) ₹ 3,000
(b) ₹ 2,000
(c) ₹ 1000
(d) Nil

Answer

Answer: (c) ₹ 1000


Question 21.
If a share of ₹ 10 on which ₹ 8 has been paid up is forfeited, it can be reissued at the minimum price of…….
(a) 10 Rs. per share
(b) 8 Rs. per share
(c) 5 Rs. per share
(d) 2 Rs. per share

Answer

Answer: (d) 2 Rs. per share


Question 22.
Z & Co. forfeited 100 shares of 10 Rs. each for non-payment of final call of 2 Rs. per share. All the forfeited shares were re-issued at 9 Rs. per share. What amount will be transferred to Capital Reserve A/c ?
(a) 700 Rs.
(b) 800 Rs.
(c) 900 Rs.
(d) 1,000 Rs.

Answer

Answer: (a) 700 Rs.


Question 23.
Forfeiture of shares results in the reduction of:
(a) Paid-up Capital
(b) Authorised Capital
(c) Fixed Assets
(d) Reserve Capital

Answer

Answer: (a) Paid-up Capital


Question 24.
Amount of calls in Arrear is :
(a) Added to capital
(b) Deducted from share capital
(c) Shown on the assets side
(d) Shown an the equity and liability side

Answer

Answer: (b) Deducted from share capital


Question 25.
Discount allowed on reissue of forfeited shares is debited to:
(a) Share Capital A/c
(b) Share Forfeiture A/c
(c) Profit & Loss A/c
(d) General Reserve A/c

Answer

Answer: (b) Share Forfeiture A/c


Question 26.
A company has…………
(a) Separate Legal Entity
(b) Perpetual Existence
(c) Limited Liability
(d) All the above

Answer

Answer: (d) All the above


Question 27.
The liability of members in a company is :
(a) Limited
(b) Unlimited
(c) Stable
(d) Fluctuating

Answer

Answer: (a) Limited


Question 28.
Equity shareholders are :
(a) Creditors of the company
(b) Owners of the company
(c) Customers of the company
(d) None of these

Answer

Answer: (b) Owners of the company


Question 29.
Balance of Forfeited Shares Account after reissue of forfeited shares is transferred to :
(a) Profit & Loss A/c
(b) Capital Reserve Account
(c) General Reserve Account
(d) None of these

Answer

Answer: (b) Capital Reserve Account


Question 30.
Under the provisions of Companies Act, company can issue:
(a) Only equity shares
(b) Only preference shares
(c) Preference shares and equity shares
(d) None of these

Answer

Answer: (c) Preference shares and equity shares


Question 31.
Reight shares are the shares, which :
(a) Are issued to the Direction of the company
(b) Are issued to existing shareholders of the company
(c) Are issued to promoters in consideration of their services
(d) Are issued to the vendors for purchasing assets

Answer

Answer: (b) Are issued to existing shareholders of the company


Question 32.
Total amount of liabilities side includes :
(a) Authorised Capital
(b) Issued Capital
(c) Subscribed Capital
(d) Paid-up Capital

Answer

Answer: (d) Paid-up Capital


Question 33.
A company issues its shares at premium under which Section of Indian Companies Act, 2013 ?
(a) 78
(b) 79
(c) 52
(d) 53

Answer

Answer: (c) 52


Question 34.
Shares can be forfeited :
(a) For failure to attend meetings
(b) For non-payment of call money
(c) For failure to repay the loan to the Bank
(d) For which shares are pledged as a security

Answer

Answer: (b) For non-payment of call money


Question 35.
Shareholders get:
(a) Interest
(b) Dividend
(c) Commission
(d) Profit

Answer

Answer: (b) Dividend


Question 36.
According to Table E of the Companies Act, 2013 interest on calls in arrears charged should not exceed :
(a) 5% p.a.
(b) 6% p.a.
(c) 8%p.a.
(d) 10%p.a.

Answer

Answer: (d) 10%p.a.


Question 37.
Premium on issue of shares is a :
(a) Capital Gain
(b) Capital Loss
(c) General Profit
(d) General Loss

Answer

Answer: (a) Capital Gain


Question 38.
Premium on issue of shares is shown on which side of the Balance sheet.
(a) Assets
(b) Liabilities
(c) Both
(d) None of these

Answer

Answer: (b) Liabilities


Question 39.
Share Allotment Account is :
(a) Personal A/c
(b) Real A/c
(c) Nominal A/c
(d) None of these

Answer

Answer: (a) Personal A/c


Question 40.
The portion of the authorised capital which can be called-up only on the liquidation of the company is called:
(a) Issued Capital
(b) Called-up Capital
(c) Uncalled Capital
(d) Reserve Capital

Answer

Answer: (d) Reserve Capital


Question 41.
Premium on issue of shares can be used for :
(a) Issue of Bonus shares
(b) Distribution of Profit
(c) Transferring to General Reserve
(d) All these

Answer

Answer: (a) Issue of Bonus shares


Question 42.
If equity share of ₹ 10 Rs. each is issued at ₹ 12 each, it is called:
(a) Issued at Par
(b) Issued at Premium
(c) Issued at Discount
(d) None of these

Answer

Answer: (b) Issued at Premium


Question 43.
The maximum capital beyond which a company is not allowed to raise funds, by issue of shares is called …………..
(a) Issued capital
(b) Reserve capital
(c) Authorised capital
(d) Subscribed capital

Answer

Answer: (b) Reserve capital


Question 44.
As per Table F the maximum rate of interest on calls in advance paid is:
(a) 8% p.a.
(b) 12% p.a.
(c) 5 % p.a.
(d) None of these

Answer

Answer: (b) 12% p.a.


Question 45.
As per the Companies Act, only preference shares, which are redeemable within …………. can be issued.
(a) 24 years
(b) 22 years
(c) 30 years
(d) 20 years

Answer

Answer: (d) 20 years


Question 46.
Which one of the following is the registered capital of the company ?
(a) Paid-up capital
(b) Uncalled capital
(c) Authorised capital
(d) Issued capital

Answer

Answer: (c) Authorised capital


Question 47.
Dividends are usually paid on :
(a) Authorised Capital
(b) Issued Capital
(c) Called-up Capital
(d) Paid-up Capital

Answer

Answer: (d) Paid-up Capital


Question 48.
If vendors are issued fully paid shares of ₹ 1,00,000 in consideration of net assets of ₹ 1,20,000 the balance of ₹ 20,000 will be credited to :
(a) Goodwill Account
(b) Capital Reserve Account
(c) Vendor’s Account
(d) Profit & Loss Account

Answer

Answer: (b) Capital Reserve Account


Question 49.
Which account should be debited when shows an issued to promoters:
(a) Share Capital A/c
(b) Assets A/c
(c) Promoter’s A/c
(d) Goodwill A/c

Answer

Answer: (d) Goodwill A/c


Question 50.
According to Section 52 of the Compaines Act, the amount in the Securities Premium Account cannot be used for the purpose of:
(a) Issue of fully Paid Bonus Shares
(b) Writing Off Losses of the Company
(c) Writing off Preliminary Expenses
(d) Writing Off Commission or Discount on Issue of Shares

Answer

Answer: (b) Writing Off Losses of the Company


According to Section 52 of the Compaines Act, the amount in the Securities Premium Account cannot be used for the purpose of:

Question 51.
10,000 equity shares of 10 Rs. each were issued to public at a premium of ₹ 2 per share payable on allotment.
Applications were received for ₹ 12,000 shares. Amount of securities premium account will be :
(a) ₹ 20,000
(b) ₹ 24,000
(c) ₹ 4,000
(d) ₹ 1,600

Answer

Answer: (a) ₹ 20,000


Question 52.
A Ltd. purchased a machinery for 1,80,000 Rs. for which it is paying by issue of shares of 100 Rs. each at 20% premium. How many shares will be issued as consideration. ?
(a) 2,500
(b) 2,000
(c) 1,500
(d) 3,000

Answer

Answer: (c) 1,500


Question 53.
Right Shares are issued to :
(a) Promoters for the Services
(b) Holders of Convertible Debentures
(c) Existing Shareholders
(d) All of the above

Answer

Answer: (c) Existing Shareholders


Question 54.
A company is registered with a share capital of ₹ 1,00,000 Rs. divided into ₹ 10,000 shares of ₹ 10 each. Of these shares 9,990 shares are held by Rajeev and 10 Shares are held by Sanjay. In the eye of law it is treated as:
(a) Partnership
(b) Private Company
(c) Public Compancy
(d) Government Company

Answer

Answer: (b) Private Company


Question 55.
Which of the following should be deducted from the called-up capital to find out paid-up capital:
(a) Calls-in-advance
(b) Calls-in-arrear
(c) Share forfeiture
(d) Discount on issue of shares

Answer

Answer: (b) Calls-in-arrear


We hope the given NCERT MCQ Questions for Class 12 Accountancy Chapter 6 Accounting for Share Capital with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 12 Accountancy Accounting for Share Capital MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Class 12 Accountancy MCQ:

MCQ Questions for Class 12 Business Studies Chapter 8 Controlling with Answers

Controlling Class 12 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 8 Controlling with Answers Pdf free download. MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Controlling Class 12 Business Studies MCQs Questions with Answers to help students understand the concept very well.

Class 12 Business Studies Chapter 8 Controlling MCQ With Answers

Business Studies Class 12 Chapter 8 MCQs On Controlling

Question 1.
Which one of the following is not a feature of controlling?
(a) Continuous process
(b) Action-oriented
(c) Keeping employees busy
(d) Pervasive function

Answer

Answer: (c) Keeping employees busy


Question 2.
Which one of the following is not an importance of controlling?
(a) Better coordination
(b) Better use of resources
(c) Better planning
(d) Better grievance handling

Answer

Answer: (d) Better grievance handling


Question 3.
Which one of the following is a step of controlling?
(a) Assessing personnel required
(b) Taking corrective action
(c) Assessing environment
(d) Taking disciplinary action

Answer

Answer: (b) Taking corrective action


Question 4.
___ is the process of ensuring that actual results are in accordance with planned results.
(a) Controlling
(b) Coordinating
(c) Planning
(d) Directing

Answer

Answer: (a) Controlling


___ is the process of ensuring that actual results are in accordance with planned results.

Question 5.
___ is the focus point for a manager while controlling, as controlling at every step is not possible
(a) Controlling
(b) Coordinating
(c) Critical point control
(d) Both (a) and (b)

Answer

Answer: (c) Critical point control


Question 6.
Controlling is ___.
(a) Forward looking
(b) Backward looking
(c) Continous process
(d) All of these

Answer

Answer: (d) All of these


Question 7.
In a marketing firm, the Financial Manager pays more attention towards an increase of 3% in the marketing cost as compared to a 15% increase in the courier expenses. Identify the concept being used by the manager.
(a) Management by exception
(b) Critical point control
(c) Corrective action
(d) None of the above

Answer

Answer: (b) Critical point control


Question 8.
Reducing the workers, absenteeism in a factory by 20% is an example of
(a) Quantitative standard
(b) Qualitative standard
(c) Deviation
(d) None of the above

Answer

Answer: (a) Quantitative standard


Question 9.
The need for the controlling function is felt in
(a) Business organisations
(b) Political organisations
(c) Social organisations
(d) All of the above

Answer

Answer: (d) All of the above


Question 10.
When the deviations between the actual performance and the planned performance are within the limits
(a) A limited corrective action is required
(b) No corrective action is required
(c) A major corrective action is required
(d) None of the above

Answer

Answer: (b) No corrective action is required


Question 11.
The comparison of actual performance with the planned performance becomes easier if the standards are set in
(a) Qualitative terms
(b) Quantitative terms
(c) Either of the above
(d) None of the above

Answer

Answer: (b) Quantitative terms


Question 12.
Identify the correct sequence of the steps involved in the controlling process.
(a) Measurement of actual performance, Taking corrective action, Setting performance standards, Comparison of actual performance with standards, Analysing deviations
(b) Comparison of actual performance with standards, Setting performance standards. Measurement of actual performance, Analysing deviations, Taking corrective action
(c) Setting performance standards, Measurement of actual performance, Comparison of actual performance with standards, Analysing deviations, Taking corrective action
(d) Taking corrective action, Measurement of actual performance, Comparison of actual performance with standards, Analysing deviations, Setting performance standards

Answer

Answer: (c) Setting performance standards, Measurement of actual performance, Comparison of actual performance with standards, Analysing deviations, Taking corrective action


Question 13.
Deviations are said to be positive in nature when
(a) Planned performance is more than the actual performance
(b) Actual performance is more than the planned performance
(c) Both planned and actual performances are same
(d) None of the above

Answer

Answer: (b) Actual performance is more than the planned performance


Question 14.
The controlling function is performed by
(a) Top level management
(b) Lower level management
(c) Middle level management
(d) All of the above

Answer

Answer: (d) All of the above


Question 15.
Om Prakash has set up a small business unit for the manufacturing of detergent. In order to market the detergent in the local residential areas, he has appointed a team of ten salesmen. Each salesman is expected to sell at least 200 units of the detergent within a week’s time. Identify the point of importance of controlling being highlighted in the above case.
(a) Controlling helps in judging accuracy of standards.
(b) It ensures efficient use of resources.
(c) It helps in improving employee motivation.
(d) It facilitates co-ordination in action.

Answer

Answer: (c) It helps in improving employee motivation.
Explanation:
By making employees aware of the expected performance


Question 16.
Which of the following is not an importance of controlling function?
(a) It ensures order and discipline.
(b) It restricts co-ordination in action.
(c) It helps in judging accuracy of standards.
(d) It improves employee motivation.

Answer

Answer: (b) It restricts co-ordination in action.
Explanation:
It facilitates co-ordination in action


Question 17.
Yash runs a logistic company. The Tour Incharges of each trip in the company are expected to submit a report to the Event Manager on the completion of every trip. Identify the step in the controlling process being described in the above lines.
(a) Setting of standards
(b) Measurement of actual performance
(c) Taking corrective action
(d) Analysing the deviations

Answer

Answer: (b) Measurement of actual performance


Question 18.
Controlling is known as a backward-looking function because
(a) It relates to future course of action.
(b) It is like a post-mortem of the past activities
(c) To find out deviation, it aims at improving future performance.
(d) All of the above

Answer

Answer: (b) It is like a post-mortem of the past activities


Question 19.
In an artificial plants manufacturing unit, the standard output set for a worker is 50 units per day. Dinesh produces 48 units in one day. In the given case, the value of deviation is
(a) -2
(b) + 2
(c) 98
(d) None of the above

Answer

Answer: (a) -2


Question 20.
This concept of Control Management is based on the belief that if you try to control everything, you may end up controlling nothing.
(a) Critical point control
(b) Key result areas
(c) Management by exception
(d) Deviations

Answer

Answer: (c) Management by exception


This concept of Control Management is based on the belief that if you try to control everything, you may end up controlling nothing.

True or False

State with reasons whether the following statements are True or False.

1. Controlling helps in achieving organisational objectives.

Answer

Answer: True; by suggesting corrective action, if required.


2. Control by action involves reporting of exceptional deviation between actual performance and standard performance to top management.

Answer

Answer: False; management by exception involves such reporting.


3. Management by exception is controlling performance in key result areas.

Answer

Answer: False; controlling performance in key result areas is critical point control.


We hope the given NCERT MCQ Questions for Class 12 Business Studies Chapter 8 Controlling with Answers Pdf free download will help you. If you have any queries regarding Controlling CBSE Class 12 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

MCQ Questions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts with Answers

Accounting for Partnership: Basic Concepts Class 12 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts with Answers Pdf free download. MCQ Questions for Class 12 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Accounting for Partnership: Basic Concepts Class 12 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts MCQ With Answers

Accountancy Class 12 Chapter 2 MCQs On Accounting for Partnership: Basic Concepts

MCQ Questions For Class 12 Accountancy Chapter 2 Question 1.
Features of a partnership firm are:
(a) Two or more persons
(b) Sharing profit and losses in the agreed ratio
(c) Business carried on by all or any of them acting for all
(d) All of the above

Answer

Answer: (d) All of the above


MCQ Of Accountancy Class 12 Chapter 2 Question 2.
What time would be taken into consideration if equal monthly amount is drawn as drawings at the beginning of each month ?
(a) 7 months
(b) 6 months
(c) 5 months
(d) 6.5 months

Answer

Answer: (d) 6.5 months


Accounting For Partnership Firms Fundamentals MCQ Question 3.
A draws ₹ 1,000 per month on the last day of every month. If the rate of interest is 5% p.a., then the total interest on drawings will be :
(a) ₹ 325
(b) ₹ 275
(c) ₹ 300
(d) ₹ 350

Answer

Answer: (b) ₹ 275


MCQ Questions For Class 12 Accountancy Chapter 2 Pdf Question 4.
In the absence of an agreement, partners are entitled to:
(a) Salary
(b) Profit share in capital ratio
(c) Interest on loan and advances
(d) Commission

Answer

Answer: (c) Interest on loan and advances


Chapter 2 Accounts Class 12 MCQ Question 5.
Fluctuating capital account is credited with :
(a) Interest on capital
(b) Profit of the year
(c) Remuneration of partners
(d) All of these

Answer

Answer: (d) All of these


Class 12 Account Chapter 2 MCQ Question 6.
Interest on Partner’s capital is :
(a) An expenditure
(b) An appropriation
(c) A gain
(d) None of these

Answer

Answer: (b) An appropriation


Partnership MCQ Class 12 Question 7.
Calculate interest on drawings @ 12% p.a. for Gambhir if he withdrew 7 2,000 once at the beginning of each month:
(a) 7 1,560
(b) 7 1,500
(c) 7 1,200
(d) 7 1,000

Answer

Answer: (a) 7 1,560


Ch 2 Accounts Class 12 MCQ Question 8.
Interest on drawings of the Partners is a :
(a) Loss to business
(b) Profit to business
(c) Profit to partners
(d) Loss to Bank

Answer

Answer: (b) Profit to business


MCQ Of Chapter 2 Accounts Class 12 Question 9.
The relation of partners with the firm is that of:
(a) An owner
(b) An Agent
(c) An owner and an agent
(d) Manager

Answer

Answer: (c) An owner and an agent


Accountancy Class 12 Chapter 2 MCQ Questions Question 10.
Liability of Partners is :
(a) Limited
(b) Unlimited
(c) Determined by partnerships Account
(d) None of these

Answer

Answer: (b) Unlimited


Class 12 Accountancy Chapter 2 MCQ Question 11.
Partners’ current accounts are opened when their capital is:
(a) Fixed
(b) Fluctuating
(c) Both (a) and (b)
(d) None of these

Answer

Answer: (a) Fixed


Question 12.
The interest on partner’s drawings is debited to:
(a) Partner’s Capital A/c
(b) Profit and Loss A/c
(c) Drawings A/c
(d) P. & L. App. A/c

Answer

Answer: (a) Partner’s Capital A/c


Question 13.
Interest on advance given to the firm is :
(a) Ah appropriation
(b) A gain
(c) A charge
(d) None of these

Answer

Answer: (c) A charge


Interest on advance given to the firm is :

Question 14.
Interest on loan is :
(a) Operating Expense
(b) Direct Expense
(c) Indirect Expense
(d) All of these

Answer

Answer: (c) Indirect Expense


Question 15.
Partner’s salary is debited to :
(a) Trading Account
(b) Profit and Loss Account
(c) Profit & Loss Appropriation Account
(d) None of these

Answer

Answer: (c) Profit & Loss Appropriation Account


Question 16.
Partnership may be :
(a) Limited
(b) Unlimited
(c) At will
(d) All of these

Answer

Answer: (d) All of these


Question 17.
Partnership Deed is also called :
(a) Prospectus
(b) Articles of Association
(c) Principles of Partnership
(d) Articles of Partnership

Answer

Answer: (d) Articles of Partnership


Question 18.
In which year did the Partnership Act passed ?
(a) Year 1932
(b) Year 1956
(c) Year 1947
(d) Year 1952

Answer

Answer: (a) Year 1932


Question 19.
Calculate interest on drawing @12% p.a. for Abhishek if he withdraw ₹ 2,000 once in month :
(a) ₹ 1,440
(b) ₹ 1,200
(c) ₹ 1,320
(d) ₹ 1,500

Answer

Answer: (a) ₹ 1,440


Question 20.
The interest on capital accounts of partners under fixed capital method is to be credited to:
(a) Partner’s Capital A/c
(b) Profit & Loss A/c
(c) Interest A/c
(d) Partner’s Current A/c

Answer

Answer: (d) Partner’s Current A/c


Question 21.
In the absence of partnership deed, the partner will be allowed interest on the amount advanced to the firm:
(a) @5%
(b) @6%
(c) @ 9%
(d) @8%

Answer

Answer: (b) @6%


Question 22.
Which one is not the feature of partnership?
(a) Agreement
(b) Sharing of Profit
(c) Limited Liability
(d) Two or more than two persons

Answer

Answer: (c) Limited Liability


Question 23.
In the absence of partnership deed, interest on capital will be given to the partners at:
(b) 6% p.a.
(d) None of these
(b) Real Account
(d) None of these

Answer

Answer: (d) None of these


Question 24.
The interest on partners’ Capital Accounts under fluctuating method is to be credited to:
(a) Profit & Loss A/c
(b) Interest A/c
(c) Partner’s Capital A/c
(d) None of these

Answer

Answer: (a) Profit & Loss A/c


Question 25.
The Interest on partners’ Capital Accounts under fluctuating method is to be credited to:
(a) Profit & Loss A/c
(b) Interest A/c
(c) Partner’s Capital A/c
(d) None of these

Answer

Answer: (c) Partner’s Capital A/c


Question 26.
The Current Account of the partners will always have:
(a) Debit balance
(b) Credit balance
(c) Either of the two
(d) None of these

Answer

Answer: (c) Either of the two


Question 27.
Interest on partner’s capital is calculated on:
(a) Opening Capital
(b) Closing Capital
(c) Average Capital
(d) None of these

Answer

Answer: (a) Opening Capital


Question 28.
Preparation of partnership agreement in writing is :
(a) Compulsory
(b) Voluntary
(c) Partly Compulsory
(d) None of these

Answer

Answer: (b) Voluntary


Question 29.
Interest payable on the capital of the partners is recorded in:
(a) Profit & Loss A/c
(b) Realisation A/c
(c) Profit & Loss Appropriation A/c
(d) None of these

Answer

Answer: (c) Profit & Loss Appropriation A/c


Question 30.
For the firm, interest on partner’s drawings is a/an :
(a) Expense
(b) Income
(c) Loss
(d) Gain

Answer

Answer: (b) Income


Question 31.
In the absence ofany agreement, the profits or losses of the firm are shared:
(a) Equally
(b) In Capital Ratio
(c) In Different Proportions
(d) None o these

Answer

Answer: (a) Equally


Question 32.
In partnership firm profits and losses are shared :
(a) Equally
(b) In the Ratio of Capitals
(c) As per Agreement
(d) None of these

Answer

Answer: (c) As per Agreement


Question 33.
Profit & Loss Appropriation Account is prepared to:
(a) Create Reserve Fund
(b) Find out Net Profit
(c) Find out Divisible Profit
(d) None of these

Answer

Answer: (c) Find out Divisible Profit


Question 34.
In an Ordinary Partnership, maximum number of partners can be:
(a) 50
(b) 10
(c) 15
(d) 20

Answer

Answer: (a) 50


Question 35.
Which of the following is an appropriation of profit?
(a) Interest on Loan
(b) Interest on Capital
(c) Salary
(d) Rent

Answer

Answer: (b) Interest on Capital


Question 36.
When time of withdrawals are not mentioned, interest on drawings is charged :
(a) for 616 months
(b) for 8 months
(c) for 516 months
(d) for 12 months

Answer

Answer: (b) for 8 months


Question 37.
When drawings are made at the end of every month of certain amount, then interest will be calculated on total drawings:
(a) for 616 months
(b) for 6 months
(c) for 516 months
(d) for i month

Answer

Answer: (c) for 516 months


Question 38.
In the absence of partnership deed, partners are not entitled to receive:
(a) Salaries
(b) Commission
(c) Interest on Capital
(d) All of these

Answer

Answer: (d) All of these


Question 39.
If a fixed amount is withdrawn on the first day of every quarter, the interest on total drawing will be calculated :
(a) for 6 months
(b) for 6.5 months
(c) for 5.5 months
(d) for 7.5 months

Answer

Answer: (d) for 7.5 months


If a fixed amount is withdrawn on the first day of every quarter, the interest on total drawing will be calculated :

Question 40.
Which accounts are opened when the capitals are fixed?
(a) Only Capital Accounts
(b) Only Current Accounts
(c) Liability Accounts
(d) Capital and Current Accounts

Answer

Answer: (d) Capital and Current Accounts


We hope the given NCERT MCQ Questions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 12 Accountancy Accounting for Partnership: Basic Concepts MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Class 12 Accountancy MCQ:

MCQ Questions for Class 12 Business Studies Chapter 10 Financial Markets with Answers

Financial Markets Class 12 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 10 Financial Markets with Answers Pdf free download. MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Financial Markets Class 12 Business Studies MCQs Questions with Answers to help students understand the concept very well.

Class 12 Business Studies Chapter 10 Financial Markets MCQ With Answers

Business Studies Class 12 Chapter 10 MCQs On Financial Markets

Question 1.
Which one of the following is not a function of financial market?
(a) Mobilisation of savings
(b) Price determination of securities
(c) Floating of companies
(d) Lowering transaction cost

Answer

Answer: (c) Floating of companies


Question 2.
Which one of the following is a money market instrument?
(a) Unit of mutual fund
(b) Debenture
(c) Bond
(d) Treasury bill

Answer

Answer: (d) Treasury bill


Which one of the following is a money market instrument?

Question 3.
Primary and secondary markets develop simultaneously because they
(a) complement each other.
(b) complement with each other
(c) control each other.
(d) function independently.

Answer

Answer: (a) complement each other.


Question 4.
Secondary market is in the form of
(a) stock exchange.
(b) money market
(c) new issue market.
(d) commercial exchange

Answer

Answer: (a) stock exchange.


Question 5.
SEBI is a regulator of
(a) capital market.
(b) money market
(c) commodity market.
(d) overseas market

Answer

Answer: (a) capital market.


Question 6.
___ is a short-term unsecured promissory note issued by reputed business organisations at a price lower than its face value and redeemable at par.
(a) Treasury bill
(b) Commercial paper
(c) Certificate of deposit
(d) Promissory note

Answer

Answer: (b) Commercial paper


Question 7.
___ is a source of financing to meet very short-term fund requirements of commercial banks with a provision of renewal.
(a) Treasury Bill
(b) Commercial Paper
(c) Certificate of Deposit
(d) Call Money

Answer

Answer: (d) Call Money


Question 8.
___ is the market which helps existing investors to sell their securities.
(a) Primary market
(b) Secondary market
(c) Capital market
(d) Commodity market

Answer

Answer: (b) Secondary market


Question 9.
___ is the institution which provides a platform for trading of existing securities having long-term maturity.
(a) SEBI
(b) WTO
(c) Stock exchange
(d) RBI

Answer

Answer: (c) Stock exchange


Question 10.
After the trade has been executed, the broker issues a Contract Note to the investor within
(a) 52 hours
(b) 24 hours
(c) 48 hours
(d) 12 hours

Answer

Answer: (b) 24 hours


Question 11.
On this day, the exchange will deliver the share or make payment to the other broker,
(a) Pay-in day
(b) Pay-out day
(c) Transaction day
(d) None of the above

Answer

Answer: (b) Pay-out day


Question 12.
The mandatory detail that an investor has to provide to the broker at the time of opening a demat account is
(a) Date of birth and address
(b) PAN number
(c) Residential status (Indian/NRI)
(d) Bank account details.

Answer

Answer: (b) PAN number


Question 13.
It is a number assigned to each transaction by the stock exchange and is printed on the contract note.
(a) PAN number
(b) Unique Order Code
(c) Contract Note
(d) None of the above

Answer

Answer: (b) Unique Order Code


Question 14.
It acts like a bank and keeps securities in electronic form on behalf of the investor,
(a) Depository Participant
(b) Depository
(c) Stock exchange
(d) None of the above

Answer

Answer: (b) Depository


Question 15.
The process of holding shares in electronic form is known as
(a) Demutualisation
(b) Dematerialisation
(c) Speculation
(d) None of the above

Answer

Answer: (b) Dematerialisation


Question 16.
Stock Exchange works as a mechanism for valuation of securities through the forces of demand and supply. Identify the related function of performed by the stock exchanges.
(a) Providing liquidity and marketability to existing securities.
(b) Safety of transaction.
(c) Pricing of security.
(d) Spreading of equity cult.

Answer

Answer: (c) Pricing of security.


Question 17.
PK Enterprises Limited has sold an entire lot of 5,00,000 equity shares @ ₹9 each to Prosperous Bank Private Limited. The bank intum will offer the shares to general public for subscription @ ₹11 per share. Identify the method of floatation being described in the given lines.
(a) Private placement
(b) Offer through prospectus
(c) Offer for sale
(d) Rights issue

Answer

Answer: (c) Offer for sale


Question 18.
Which of the following participants represent capital market?
(a) Development banks
(b) Commercial banks
(c) Stock exchanges
(d) All of the above

Answer

Answer: (d) All of the above


Question 19.
A company can raise capital through the primary market in the form of
(a) Equity shares
(b) Preference shares
(c) Debentures
(d) All of the above

Answer

Answer: (d) All of the above


Question 20.
It is a short-term, negotiable, self-liquidating instrument which is used to finance the credit sales of firms.
(a) Commercial bill
(b) Commercial papers
(c) Call money
(d) None of the above

Answer

Answer: (a) Commercial bill


It is a short-term, negotiable, self-liquidating instrument which is used to finance the credit sales of firms.

True or False

State with reasons whether the following statements are True or False.

1. Providing liquidity is an important function of stock exchange.

Answer

Answer: True; providing liquidity to securities is an important function of stock exchange.


2. Money Market is the market in which financial instruments having long-term maturity are dealt with.

Answer

Answer: False; financial instruments having short-term maturity are dealt with in the money market.


3. Stock exchange regulates the capital market.

Answer

Answer: False; SEBI (Securities and Exchange Board of India) regulates the capital market.


We hope the given NCERT MCQ Questions for Class 12 Business Studies Chapter 10 Financial Markets with Answers Pdf free download will help you. If you have any queries regarding Financial Markets CBSE Class 12 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

MCQ Questions for Class 11 Business Studies Chapter 9 Small Business with Answers

Small Business Class 11 MCQ Online Test With Answers Questions

Check the below Online Education NCERT MCQ Questions for Class 11 Business Studies Chapter 9 Small Business with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Small Business Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well.

Class 11 Business Studies Chapter 9 Small Business MCQ With Answers

Business Studies Class 11 Chapter 9 MCQs On Small Business

Small Business Class 11 MCQ Chapter 9  Question 1.
Expand EOUs
(a) Essential Operating units
(b) Export Order Units
(c) Export Oriented units
(d) Essential order units

Answer

Answer: (c) Export Oriented units


MCQ Questions For Class 11 Business Studies Chapter 9 Question 2.
Which of the following is organised by individuals?
(a) Cottage Industries
(b) Railway industry
(c) None of these
(d) Chemical industry

Answer

Answer: (a) Cottage Industries


MCQ On Small Scale Industries Chapter 9 Question 3.
Any industry located in a rural area which produces any goods, renders any service with or without the use of power is known as ________
(a) City Industry
(b) Town Industry
(c) Village Industry
(d) District Industry

Answer

Answer: (c) Village Industry


Small Scale Industries MCQ Chapter 9 Question 4.
A small scale serivce and business enterprise is one whose investment in fixed assets of plant and machinery excluding land and building does not exceed ______
(a) Rs.25 Lakhs
(b) Rs.30 Lakhs
(c) Rs.10 Lakhs
(d) Rs.15 Lakhs

Answer

Answer: (c) Rs.10 Lakhs


Small Business MCQ Chapter 9 Question 5.
The small scale industry can enjoy the status of _______ unit if it exports more than 50% of its production.
(a) Domestic unit
(b) Export Oriented units
(c) Small scale unit
(d) Import oriented units

Answer

Answer: (b) Export Oriented units


Question 6.
_____ is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore.
(a) Limited Companies
(b) None of these
(c) Small Scale Industry
(d) Large Scale industry

Answer

Answer: (c) Small Scale Industry


Question 7.
Which of the following is part of ?Village and Small Industries Sector??
(a) Handicrafts
(b) Sericulture
(c) Handlooms
(d) All of these

Answer

Answer: (d) All of these


Question 8.
In India, the ?Village and Small Industries? Sector consists of both traditional and modern small industries. This sector has ___________subgroups.
(a) Eleven
(b) Five
(c) Ten
(d) Eight

Answer

Answer: (d) Eight


Question 9.
Limit of investment in small scale industry is _________
(a) one crore
(b) two crore
(c) five crore
(d) Ten crore

Answer

Answer: (a) one crore


Question 10.
________ are also known as Rural industries or Traditional industries
(a) Food industry
(b) Cottage Industries
(c) None of these
(d) Agricultural industry

Answer

Answer: (b) Cottage Industries


Question 11.
Micro enterprises are those whose investment in plant and machinery does not exceed rupees___
(a) 5 Lakh
(b) 3 Lakh
(c) 1 Lakh
(d) 2 Lakh

Answer

Answer: (c) 1 Lakh


Question 12.
Small scale industries owned and managed by women entrepreneurs have share capital of not less than __________
(a) 25 percent
(b) 50 percent
(c) 51 percent
(d) 20 percent

Answer

Answer: (c) 51 percent


Question 13.
The small scale industry can enjoy the status of ________ if it supplies not less than 50% of its production to another industry, referred to as the parent unit.
(a) Village industries
(b) Micro Business industry
(c) Export oriented unit
(d) Ancillary small industry

Answer

Answer: (d) Ancillary small industry


Question 14.
Which of the following comes under the Modern Small Industries?
(a) Coir
(b) Handicrafts
(c) Khadi
(d) Powerlooms

Answer

Answer: (d) Powerlooms


Question 15.
A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than ___________
(a) Rs. 25 Lakhs
(b) Rs.30 Lakhs
(c) Rs.35 Lakhs
(d) Rs.50 Lakhs

Answer

Answer: (a) Rs. 25 Lakhs


One Mark Questions

1. What do you mean by small business?

Answer

Answer: A business which operates on a small scale and required less capital, less labour and less machines is called small business.


2. Give full form of NSIC.

Answer

Answer: National small Industries Corporation (NSIC)


3. Give full form of DIC.

Answer

Answer: District Industries Centre (DIC)


4. What is mining?

Answer

Answer: The process or business of extracting ore or minerals from the ground.


We hope the given NCERT MCQ Questions for Class 11 Business Studies Chapter 9 Small Business with Answers Pdf free download will help you. If you have any queries regarding Small Business CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Class 11 Business Studies MCQ:

MCQ Questions for Class 12 Accountancy Chapter 4 Reconstitution of Partnership Firm: Retirement / Death of a Partner with Answers

Reconstitution of Partnership Firm: Retirement / Death of a Partner Class 12 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 4 Reconstitution of Partnership Firm: Retirement / Death of a Partner with Answers Pdf free download. MCQ Questions for Class 12 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Reconstitution of Partnership Firm: Retirement / Death of a Partner Class 12 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 12 Accountancy Chapter 4 Reconstitution of Partnership Firm: Retirement / Death of a Partner MCQ With Answers

Accountancy Class 12 Chapter 4 MCQs On Reconstitution of Partnership Firm: Retirement / Death of a Partner

MCQ On Retirement And Death Of A Partner Class 12  Question 1.
On retirement of a partner’s the amount of General Reserve is transferred to all partner’s capital account in:
(a) New Profit Sharing Ratio
(b) Capital Ratio
(c) Old Profit Sharing Ratio
(d) None of these

Answer

Answer: (c) Old Profit Sharing Ratio


MCQ Questions For Class 12 Accountancy Chapter 4 Question 2.
X, Y and Z were partners sharing profits in the ratio of 5 : 3 : 2. Goodwill does not appear in the books but it is agreed to be worth 1,00,000 Rs.. X retires from the firm and Y and Z decide to share profits equally. X’s share of goodwill will be debited to Y’s and Z’s Capital A/cs in………ratio:
(a) \(\frac{1}{2}: \frac{1}{2}\)
(b) 2 : 3
(c) 3 : 2
(d) None of these

Answer

Answer: (b) 2 : 3


Retirement And Death Of A Partner MCQ Class 12 Question 3.
x,y are z are partners and share profits in the ratio of 5 : 3 : 2. y retires and x takes 1/10 from y and z takes 1/5 from y. The new profit sharing ratio will be :
(a) 7 : 13
(b) 13 : 7
(c) 3 : 2
(d) 1 : 1

Answer

Answer: (c) 3 : 2


MCQ On Retirement Of Partner Class 12 Question 4.
The old profit-sharing ratio among Rajender, Satish and Tejpal were 2 : 2 : 1. The new profit-sharing ratio after Satish’s retirement is 3 : 2. The gaining ratio is :
(a) 3 : 2
(b) 2 : 1
(c) 1 : 1
(d) 2 : 3

Answer

Answer: (c) 1 : 1


Retiring Or Outgoing Partner MCQ Class 12 Question 5.
The amount due to the deceased partner is paid to his……….
(a) Father
(b) Friend
(c) Wife
(d) Executors

Answer

Answer: (d) Executors


Retirement Or Death Of A Partner MCQ Class 12 Question 6.
In case of death of a partner, the whole amount standing to the credit of his capital account is transferred to :
(a) Capital Accounts of all partners
(b) Capital Accounts of remaining partners
(c) His Executor’s Account
(d) Account of the Government

Answer

Answer: (c) His Executor’s Account


Retirement Of Partner MCQ Class 12 Question 7.
On the death of a partner in a firm payments are made to;
(a) Capital A/c
(b) Executor’s A/c
(c) Current A/c
(d) Loan A/c

Answer

Answer: (b) Executor’s A/c


MCQ On Death Of A Partner Class 12 Question 8.
X, Y and Z share profits in the ratio of \(\frac{1}{2}: \frac{1}{3}: \frac{1}{6}, \mathbf{Z}\) dies. New ratio of X and Y will be :
(a) 3 : 2.
(b) 2 : 3
(c) 2 : 1
(d) None of these

Answer

Answer: (a) 3 : 2.


Retirement Of A Partner MCQ Class 12 Question 9.
The executors of deceased partner will be paid interest on the amount due from the date of death of the partner at:
(a) 5% p.a.
(b) 6% p.a.
(c) 7% p.a.
(d) 8% p.a.

Answer

Answer: (b) 6% p.a.


MCQ Of Retirement Of A Partner Class 12 Question 10.
In the event of death of a partner, the accumulated profits and losses are shared by the partners in their:
(a) Old Profit-sharing Ratio
(b) New Profit-sharing Ratio
(c) Capital Ratio
(d) None of these

Answer

Answer: (a) Old Profit-sharing Ratio


Question 11.
On the death of a partner, the amount of Joint Life Insurance Policy is credited to the Capital Accounts of:
(a) Only the deceased partner
(b) All partners including the deceased partner
(c) Remaining partners, in the new profit-sharing ratio
(d) Remaining partners, in their old profit-sharing ratio

Answer

Answer: (b) All partners including the deceased partner


Question 12.
On death of a partner, the remaining partner(s) who have gained due to change in profit-sharing ratio should compensate the:
(a) Deceased partner
(b) Remaining partners (who have sacrificed) as well as decreased partner
(c) Remaining partners (who have sacrificed)
(d) None of these

Answer

Answer: (a) Deceased partner


Question 13.
B, C and D are partners sharing profit in the ratio 7:5:4. D died on 30th June, 2016 and profits for the year 2015-16 were ₹ 12,000. How much share in profits for the period 1st April, 2016 to 30th June, 2016 will be credited to D’s Account:
(a) ₹ 3,000
(b) ₹ 750
(c) Nil
(d) ₹ 1,000

Answer

Answer: (b) ₹ 750


Question 14.
A, B and C are partners sharing profits and losses in the ratio of 2 : 2 : 1. C died on 31st March, 2016. The profits of the financial year ending 31st March, 2016 is ₹ 64,000. The share of the deceased partner in the profits will be:
(a) ₹ 9,200
(b) ₹ 12,800
(c) ₹ 3,100
(d) ₹ 6,100

Answer

Answer: (b) ₹ 12,800


Question 15.
JLP of the partners is a/an…………..account
(a) Nominal
(b) Personal
(c) Liability
(d) Asset

Answer

Answer: (d) Asset


Question 16.
Joint Life Policy amount received by a firm is distributed in:
(a) Opening Capital Ratio
(b) Closing Capital Ratio
(c) Old Profit-sharing Ratio of Partners
(d) New Profit-sharing Ratio

Answer

Answer: (c) Old Profit-sharing Ratio of Partners


Joint Life Policy amount received by a firm is distributed in:

Question 17.
A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. They had a Joint Life Policy of ₹ 3,00,000. Surrender value of JLP in Balance Sheet is ₹ 90,000. C dies what is share of each partner in JLP ?
(a) ₹ 1,05,000 ; ₹ 70,000; ₹ 35,000
(b) ₹ 45,000 ; ₹ 30,000; ₹ 15,000
(c) ₹ 1,50,000 ; ₹ 1,00,000 ; ₹ 50,000
(d) ₹ 1,95,000 ; ₹ 1,30,000 ; ₹ 65,000

Answer

Answer: (c) ₹ 1,50,000 ; ₹ 1,00,000 ; ₹ 50,000


Question 18.
X, Y and Z are partners sharing profits in the ratio of 7 : 5 :4. On 30th June, 2015 Z died and profits for the year ending 31st March, 2016 were ₹ 2,40,000. How much share in profits for the period 1st April to 30th June, 2015 will be credited to Z’s account assuming the profit occurred evenly throughout the year ;
(a) ₹ 60,000
(b) ₹ 15,000
(c) ₹ 20,000
(d) Nil

Answer

Answer: (b) ₹ 15,000


Question 19.
Revaluation Account is prepared at the time of …………
(a) Admission of a partner
(b) Retirement of a partner
(c) Death of a partner
(d) All of the above

Answer

Answer: (d) All of the above


Question 20.
As per section 37 to the Indian Partnership Act, 1932, the executors would be entitled at their choice to interest calculated from the date of death till the date of payment on the final amount due to the deceased partner at………..percent per annum.
(a) 7
(b) 4
(c) 6
(d) 8

Answer

Answer: (c) 6


Question 21.
X, Y and Z are the partners sharing profits in the ratio 2 : 1 : 1. Firm has a joint life policy of ₹ 1,20,000 and in the balance sheet it is appeaming at the surrender value, i.e., ₹ 20,000. On the death of X how this JLP will be distributed among partners:
(a) 50,000 : 25,000 : 25,000
(b) 60,000 : 30,000 : 30,000
(c) 40,000 : 35,000 : 25,000
(d) whole ₹ 1,20,000 to A

Answer

Answer: (b) 60,000 : 30,000 : 30,000


Question 22.
On death of a partner, the firm gets for joint life policy taken for all partners.
(a) Policy amount
(b) Surrender value
(c) Policy amount of deceased partner
(d) Surrender value of all partners

Answer

Answer: (a) Policy amount


Question 23.
A, B and C are partners sharing profits and losses in the ratio of 3 : 2 :1. On 1.3.2016 C died. The average profits of the firm for last four years were ₹ 72,000 Books are closed on 31st December. C’s share of profit till the date of his death will be:
(a) ₹ 2,000
(b) ₹ 12,000
(c) ₹ 1,400
(d) ₹ 24,000

Answer

Answer: (a) ₹ 2,000


Question 24.
A, B and C are partners sharing profits and losses in the ratio of 3 : 2 :1. C dies and goodwill of the firm is valued at ₹ 60,000. The amount payable to the executor’s of the deceased partner will be :
(a) ₹ 30,000
(b) ₹ 25,000
(c) ₹ 10,000
(d) ₹ 20,000

Answer

Answer: (c) ₹ 10,000


Question 25.
M, L and A are partners sharing profits in the ratio of 9:4:3. They have taken a joint life policy of ₹ 96,000. A dies. What is the share of A in the JLP amount ?
(a) ₹ 18,000
(b) ₹ 24,000
(c) ₹ 54,000
(d) ₹ 20,000

Answer

Answer: (a) ₹ 18,000


Question 26.
Which account is prepared at the time retirement or death of a partner to show the changes in the value of assets and liabilities:
(a) Revaluation A/c
(b) Realisation A/c
(c) Partner’s Capital A/c
(d) None of these

Answer

Answer: (a) Revaluation A/c


Question 27.
What are the methods of calculating share of the deceased partner in the profit of the firm upto the date of death:
(a) On time basis
(b) On sales basis
(c) Both (a) and (b)
(d) None of these

Answer

Answer: (c) Both (a) and (b)


Question 28.
If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executor on account of goodwill ? Good-will is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for the last three years are 10,80,000 Rs. :
(a) ₹ 2,16,000 and ₹ 1,42,000
(b) ₹ 2,44,000 and ₹ 2,16,000
(c) ₹ 3,60,000 and ₹ 2,16,000
(d) ₹ 2,16,000 and ₹ 1,44,000

Answer

Answer: (d) ₹ 2,16,000 and ₹ 1,44,000


Question 29.
On death of a partner, his excutor is paid the profits of
the deceased partner for the relevant period. This payment is recorded in Profit & Loss A/c :
(a) Adjustment
(b) Appropriation
(c) Suspense
(d) Reserve

Answer

Answer: (c) Suspense


Question 30.
On the retirement of a partner any accumulated profit should be credited to the capital accounts of:
(a) All partners in old profit-sharing ratio
(b) Remaining partners in new profit-sharing ratio
(c) Retiring partner only in his share
(d) None of these

Answer

Answer: (a) All partners in old profit-sharing ratio


Question 31.
On the retirement of a partner, full amount of goodwill may be credited to the capital accounts of:
(a) Retiring partners
(b) Remaining partners
(c) All partners
(d) None of these

Answer

Answer: (c) All partners


Question 32.
Outgoing partner is compensated for parting with firm’s future profits in favour of remaining partners. The remaining partners contribute to such compensation in:
(a) Gaining Ratio
(b) Capital Ratio
(c) Sacrificing Ratio
(d) Profit-sharing Ratio

Answer

Answer: (a) Gaining Ratio


Question 33.
Gaining ratio is calculated :
(a) At the time of admission of a new partner
(b) At the time of retirement of a partner
(c) On the dissolution of partnership firm
(d) None of these

Answer

Answer: (b) At the time of retirement of a partner


Question 34.
How unrecorded assets are treated at the time of retriement of a partner ?
(a) Credited to Revaluation Account
(b) Credited to Capital Account of Retiring Partner
(c) Debited to Revaluation Account
(d) Credited to Partner’s Capital Accounts

Answer

Answer: (a) Credited to Revaluation Account


Question 35.
On the retirement of a partner, profit on revaluation of assets and liabilities should be credited to the Capital Accounts of:
(a) All partners in the old profit-sharing ratio
(b) The remaining partners in their old profit-sharing ratio
(c) The remaining partners in their new profit-sharing ratio
(d) None of these

Answer

Answer: (a) All partners in the old profit-sharing ratio


Question 36.
On retirement of a partner, the retiring Partner’s Capital Account will be credited with:
(a) His/her share of goodwill
(b) Goodwill of the firm
(c) Share of goodwill of remaining partners
(d) None of these

Answer

Answer: (a) His/her share of goodwill


Question 37.
Joint life policy be taken by the firm on the lives of:
(a) All the partners jointly
(b) All the partners separately
(c) All employees of the firm
(d) Both (a) and (b)

Answer

Answer: (d) Both (a) and (b)


Question 38.
A, Band Care equal partners in a firm. B retires and the remaining partners decide to share profits of the new firm in the ratio of 5 : 4. Gaining ratio will be:
(a) 2 : 1
(b) 1 : 2
(c) 4 : 5
(d) 5 : 4

Answer

Answer: (a) 2 : 1


Question 39.
A, B are C are sharing profits in the ratio of \(\frac{1}{2}: \frac{1}{3} \div \frac{1}{6}\) C retired. Gaining ratio will be :
(a) 2 : 1
(b) 2 : 3
(c) 3 : 2
(d) 1 : 2

Answer

Answer: (c) 3 : 2


Question 40.
The amount of General Reserve is transferred to all partner’s capital accounts in:
(a) New Profit-sharing Ratio
(b) Capital Ratio
(c) Old Profit-sharing Ratio
(d) None of these

Answer

Answer: (c) Old Profit-sharing Ratio


Question 41.
Abhishek, Rajat and Vivek are partners sharing profits in the ratio of 5 : 3 : 2. If Vivek retires, the new profit sharing ratio between Abhishek and Rajat will be:
(a) 3 : 2
(b) 5 : 3
(c) 5 : 2
(d) None of these

Answer

Answer: (b) 5 : 3


Question 42.
The balance of Joint Life Policy Account and Joint Life Policy Reserve A/c is:
(a) Always Equal
(b) Always Unequal
(c) Not Necessary
(d) None of these

Answer

Answer: (c) Not Necessary


Question 43.
Anand, Bahadur and Chander are partners sharing profit equally. On Chander’s retirement, his share is acquired by Anand and Bahadur in the ratio of 3: 2. The new profit-sharing ratio between Anand and Bahadur will be:
(a) 8 : 7
(b) 4 : 5
(c) 3 : 2
(d) 2 : 3

Answer

Answer: (a) 8 : 7


Question 44.
Profit and loss on revaluation at the time of retirement is shared by:
(a) Remaining Partners
(b) All Partners
(c) New Partner
(d) None of these

Answer

Answer: (b) All Partners


Question 45.
X, Y, Z are equal partners in a firm. Z retires from the firm. The new profit-sharing ratio between X and Y is 1:2. The gaining ratio will be:
(a) 3 : 2
(b) 2 : 1
(c) 4 : 1
(d) Only Y gains by 1/3

Answer

Answer: (d) Only Y gains by 1/3


Question 46.
X, Y, Z are partners sharing profits in the ratio of 3 : 4 : 4. Y retires and X and Z share their profits in equal ratio. New ratio of X and Z will be :
(a) 1 : 2
(b) 2 : 1
(c) 3 : 1
(d) 1 : 1

Answer

Answer: (d) 1 : 1


Question 47.
A, B and C are partners. Their capitals are ₹ 1,00,000, ₹ 75,000 and ₹ 50,000 respectively. On C’s retirement his share is acquired by A and B in the ratio of 6 : 4 Gaining ratio will be :
(a) 3 : 2
(b) 2 : 2
(c) 2 : 3
(d) None of these

Answer

Answer: (a) 3 : 2


Question 48.
At the time of retirement of partner, firm gets from the insurance company against joint policy taken jointly for all the partners :
(a) Policy Amount + Bonus
(b) Surrender Value
(c) Policy Amount
(d) None of these

Answer

Answer: (b) Surrender Value


Question 49.
Gaining Ratio is :
(a) New Ratio-sacrificing ratio
(b) Old Ratio-sacrificing ratio
(c) New ratio-old ratio
(d) Old ratio-new ratio

Answer

Answer: (c) New ratio-old ratio


Question 50.
Partnership Act provides that interest on amount of capital balance left by the retired partner be paid at:
(a) 5%
(b) 6%
(c) Bank Rate
(d) 8%

Answer

Answer: (b) 6%


Partnership Act provides that interest on amount of capital balance left by the retired partner be paid at:

Question 51.
Heri, Roy and Prasad are partners and profit-sharing ratio is 3: 5:1. Roy now wants to retire and his share is taken by Prasad. Find the new ratio of Hari and Prasad:
(a) 1 : 2
(b) 2 : 1
(c) 3 : 5
(d) Equal

Answer

Answer: (a) 1 : 2


Question 52.
A, B and C are partners with profit-sharing ratio as 5 :3 :2. A retires. Find the gaining ratio :
(a) 3 : 2
(b) 5 : 3
(c) 5 :2
(d) None of these

Answer

Answer: (a) 3 : 2


Question 53.
Surrender value of an insurance policy means that value:
(a) Which is received an death of a partner
(b) Which is received when a policy matures
(c) Which can be received before the due date of the policy
(d) None of the above

Answer

Answer: (c) Which can be received before the due date of the policy


Question 54.
P, Q and R are partners and share profit in the ratio of 5:3:2. R retires and surrenders 3/5th of his share in favour of P and 2/5th of the share to Q. Find new profit sharing ratio:
(a) 7 : 3
(b) 1 : 2
(c) 31 : 19
(d) None of these

Answer

Answer: (c) 31 : 19


Question 55.
Govind, Hari and Pratap are partners. On retirement of Govind, the goodwill already appears in the Balance Sheet at ₹ 24,000. The goodwill will be written off:
(a) By debiting all Partners’ Capital Accounts in their old profit-sharing ratio
(b) By debiting remaining Partners’ Capital Accounts in their new profit-sharing ratio
(c) By debiting retiring Partner’s Capital Account from his share of goodwill
(d) None of these

Answer

Answer: (a) By debiting all Partners’ Capital Accounts in their old profit-sharing ratio


Question 56.
Goodwill is paid out of the retiring partner in :
(a) Old Profit-sharing Ratio
(b) Capital Ratio
(c) Equal Ratio
(d) None of these

Answer

Answer: (a) Old Profit-sharing Ratio


Question 57.
On retirement of a partner, his share of goodwill is written off among continuing partners in there :
(a) New Profit-sharing Ratio
(b) New Capital Ratio
(c) Gaining Ratio
(d) None of these

Answer

Answer: (c) Gaining Ratio


Question 58.
On retirement of a partner, the retiring partner’s capital account will be credited with :
(a) His/her share of goodwill
(b) Goodwill of the firm
(c) Shares of goodwill of remaining partners
(d) None of these

Answer

Answer: (a) His/her share of goodwill


We hope the given NCERT MCQ Questions for Class 12 Accountancy Chapter 4 Reconstitution of Partnership Firm: Retirement / Death of a Partner with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 12 Accountancy Reconstitution of Partnership Firm: Retirement / Death of a Partner MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Class 12 Accountancy MCQ:

MCQ Questions for Class 12 Business Studies Chapter 12 Consumer Protection with Answers

Consumer Protection Class 12 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 12 Consumer Protection with Answers Pdf free download. MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Consumer Protection Class 12 Business Studies MCQs Questions with Answers to help students understand the concept very well.

Class 12 Business Studies Chapter 12 Consumer Protection MCQ With Answers

Business Studies Class 12 Chapter 12 MCQs On Consumer Protection

MCQ On Consumer Protection Class 12 Question 1.
Which one of the following is not a reason for importance of consumer protection from the point of view of consumers?
(a) Consumer ignorance
(b) Consumer apathy
(c) Consumer exploitation
(d) Unorganised consumers

Answer

Answer: (b) Consumer apathy


Which one of the following is not a reason for importance of consumer protection from the point of view of consumers?

Consumer Protection Class 12 MCQ Question 2.
From the point of view of business, which one of the following is a reason because of which consumer protection is important?
(a) Dynamic environment
(b) Fast technological development
(c) Government intervention
(d) Competitive market

Answer

Answer: (c) Government intervention


MCQ On Consumer Protection Act Class 12 Question 3.
Which one of the following is not a consumer right?
(a) Right to safety
(b) Right to seek redressal
(c) Right to get discount
(d) Right to be heard

Answer

Answer: (c) Right to get discount


Consumer Protection Act MCQ Class 12 Question 4.
In which year did Consumer Protection Act come into existence?
(a) 1986
(b) 1999
(c) 1991
(d) 1976

Answer

Answer: (a) 1986


Consumer Protection MCQ Class 12 Question 5.
A District Forum has jurisdiction to entertain a consumer complaint involving product value:
(a) Up to ₹ 20 lakh
(b) Up to ₹ 10 lakh
(c) Between ₹ 20 lakh and ₹ 1 crore
(d) Above ₹ 1 crore

Answer

Answer: (a) Up to ₹ 20 lakh


Question 6.
___ mark is used for electrical products.
(a) ISI
(b) FPO
(c) ISO
(d) Agmark

Answer

Answer: (a) ISI


Question 7.
___ is one of the redressal agencies for redressing consumer grievances.
(a) COPRA
(b) State Commission
(c) Consumer Organisation
(d) None of these

Answer

Answer: (b) State Commission


Question 8.
A complaint can be filed against ___ who adopt(s) unfair trade practices.
(a) Trader only
(b) Manufacturer only
(c) Trader and Manufacturer
(d) Consumer

Answer

Answer: (c) Trader and Manufacturer


Question 9.
Right to ___ is a right to be protected against products which are hazardous to life or health.
(a) Information
(b) Safety
(c) Seek Redressal
(d) Consumer Education

Answer

Answer: (b) Safety


Question 10.
___ means any person who buys any goods for personal use or hires or avails of any services for a consideration.
(a) Consumer
(b) Manufacturer
(c) Trader
(d) Service Provider

Answer

Answer: (a) Consumer


Question 11.
___ implies safeguard against anti-consumer trade practices of producers and traders.
(a) Consumer Protection
(b) Redressal Forum
(c) National Commission
(d) None of these

Answer

Answer: (a) Consumer Protection


Question 12.
In case a consumer is not satisfied with the order passed in the State Commission, he can further make an appeal in the National Commission within a time period of
(a) 10 days
(b) 20 days
(c) 30 days
(d) 45 days

Answer

Answer: (c) 30 days


Question 13.
Which of the following statements is not true with regard to the National Commission?
(a) It consists of a President and at least five other members, one of whom should be a woman.
(b) The members are appointed by the Central Government.
(c) A complaint can be made to the National Commission when the value of the goods or services in question, along with the compensation claimed, exceeds ₹1 crore.
(d) Where the aggrieved party was not satisfied with the order of the National Commission, the case can be taken to the Supreme Court of India.

Answer

Answer: (a) It consists of a President and at least five other members, one of whom should be a woman.


Question 14.
Which of the following statements is not true with regard to the District Forum?
(a) It consists of a President and three other members, one of whom should be a woman.
(b) The members are appointed by the District Government.
(c) A complaint can be made to the appropriate District Forum when the value of the goods or services in question, along with the compensation claimed, does not exceed ?10 lakhs.
(d) All of the above

Answer

Answer: (d) All of the above


Question 15.
In case an aggrieved consumer is not satisfied with the decision of the State Commission, he can make a further appeal in
(a) National Commission
(b) District Forum
(c) Supreme Court of India
(d) All of the above

Answer

Answer: (a) National Commission


Question 16.
Which of the following types of cases are filed in the State Commission?
(a) When the value of the goods or services in question, along with the compensation claimed, exceeds ₹20 lakhs but does not exceed ₹1 crore.
(b) When the value of the goods or services in question, along with the compensation claimed, exceeds ₹20 lakhs but does not exceed ₹2 crore.
(c) When the value of the goods or services in question, along with the compensation claimed, exceeds ₹40 lakhs but does not exceed ₹1 crore.
(d) None of the above

Answer

Answer: (a) When the value of the goods or services in question, along with the compensation claimed, exceeds ₹20 lakhs but does not exceed ₹1 crore.


Question 17.
Identify the responsibility of consumers being highlighted in the picture given below.
Business Studies MCQs for Class 12 with Answers Chapter 12 Consumer Protection 6

MCQ Questions for Class 12 Business Studies Chapter 12 Consumer Protection with Answers 3
(a) Be honest in your dealings
(b) Learn about the risks associated with products and services
(c) Assert yourself to ensure that you get a fair deal
(d) Respect the environment.

Answer

Answer: (b) Learn about the risks associated with products and services


Question 18.
Identify the right of consumers being promoted in the given picture.
Business Studies MCQs for Class 12 with Answers Chapter 12 Consumer Protection 4
(a) Right to seek redressal
(b) Right to consumer education
(c) Right to information
(d) Right to be heard

Answer

Answer: (c) Right to information


Question 19.
Identify the right of consumers being exhibited in the picture on your right.
Business Studies MCQs for Class 12 with Answers Chapter 12 Consumer Protection 2
(a) Right to choose
(b) Right to be heard
(c) Right to seek redressal
(d) Right to consumer education

Answer

Answer: (a) Right to choose


Identify the right of consumers being exhibited in the picture on your right.

Question 20.
Naina, her husband and her two minor daughters were travelling from Mumbai to Delhi, availing a company’s flight services in 2018. The airlines had issued boarding passes to all of them. Naina claimed in her plea that the airlines left all her family at the Mumbai Airport without informing them, despite their being in the airport premises. The family had to stay in a hotel and purchase new tickets the next day. The State Consumer Disputes Redressal Commission (SCDRC). on hearing the plea, asked an airline company to pay ₹50,000 to Naina and her family. Identify the right of consumers being exercised in the given case.
(a) Right to safety
(b) Right to be heard
(c) Right to seek redressal
(d) Right to consumer education

Answer

Answer: (c) Right to seek redressal


True or False

State with reasons whether the following statements are True or False.

Question 1.
Right to be informed says that the consumer has the right to acquire knowledge and be well-informed throughout his life.

Answer

Answer: False; Right to Consumer Education is the right of the consumer to acquire knowledge and be well- informed throughout his life.


Question 2.
The Consumer Protection Act is applicable throughout India.

Answer

Answer: False; The Consumer Protection Act is applicable throughout India except in Jammu and Kashmir.


Question 3.
Buying standardised products is a consumer right.

Answer

Answer: False; it is a consumer responsibility.


Question 4.
The Central Government can file a complaint under the Consumer Protection Act.

Answer

Answer: True; the complaint can be filed under Section 2(b) of the Consumer Protection Act.


Question 5.
National Commission consists of a president and six other members.

Answer

Answer: False; it consists of four other members.


Question 6.
Consumer awareness is a campaign for protecting consumer interests.

Answer

Answer: False; consumer awareness is making a consumer aware of his rights and liabilities.


We hope the given NCERT MCQ Questions for Class 12 Business Studies Chapter 12 Consumer Protection with Answers Pdf free download will help you. If you have any queries regarding Consumer Protection CBSE Class 12 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

MCQ Questions for Class 12 Accountancy Chapter 11 Cash Flow Statement with Answers

Cash Flow Statement Class 12 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 11 Cash Flow Statement with Answers Pdf free download. MCQ Questions for Class 12 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Cash Flow Statement Class 12 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 12 Accountancy Chapter 11 Cash Flow Statement MCQ With Answers

Accountancy Class 12 Chapter 11 MCQs On Cash Flow Statement

Cash Flow Analysis Is Based On The MCQ Chapter 11 Question 1.
Preparation of cash flow statement is :
(a) Mendatory
(b) Recommendatory
(c) Required under the Companies Act
(d) None of these

Answer

Answer: (a) Mendatory


Cash Flow Statement MCQ Chapter 11 Question 2.
Issue of shares in consideration of purchase of plant and machinery results into :
(a) Inflow of Cash
(b) Outflow of Cash
(c) Neither Inflow nor Outflow
(d) None of these

Answer

Answer: (c) Neither Inflow nor Outflow


Cash Flow Statement Is Prepared From MCQ Chapter 11 Question 3.
If net profit is 7 50,000 after writing off goodwill 7 10,000 then the cash flow from operating activities will be:
(a) ₹ 60,000
(b) ₹ 40,000
(c) ₹ 50,000
(d) ₹ 30,000

Answer

Answer: (a) ₹ 60,000


Cash From Operations Is Equal To MCQ Chapter 11 Question 4.
If net profit is ₹ 35,000 after writing off good will ₹ 6,000 and loss on sale of furniture ₹ 1,000, cash flow from operating activities will be :
(a) ₹ 35,000
(b) ₹ 42,000
(c) ₹ 29,000
(d) ₹ 28,000

Answer

Answer: (b) ₹ 42,000


MCQ On Cash Flow Statement Chapter 11 Question 5.
Cash sales in :
(a) Operating Activity
(b) Investing Activity
(c) Financing Activity
(d) None of these

Answer

Answer: (a) Operating Activity


MCQ On Cash Flow Statement Class 12 Chapter 11 Question 6.
Cash from operating activities will decrease due to :
(a) Increase in Current Assets
(b) Decrease in Current Liabilities
(c) Neither of the two
(d) Both (a) and (b)

Answer

Answer: (d) Both (a) and (b)


Cash Flow Is A Part Of MCQ Chapter 11 Question 7.
Which of the following is an example of Cash Flow from Operating Activities ?
(a) Purchase of Machinery
(b) Issue of Shares
(c) Purchases of Inventory for Cash
(d) Purchases of Investment

Answer

Answer: (c) Purchases of Inventory for Cash


Which of the following is an example of Cash Flow from Operating Activities ?

Cash Flow Statement MCQ Questions And Answers Pdf Chapter 11 Question 8.
While calculating operating profit which will be added to net profit:
(a) Interest received
(b) Profit on sale of Asset
(c) Increase in General Reserve
(d) Refund of Tax

Answer

Answer: (c) Increase in General Reserve


Cash Flow Statement MCQs Class 12 Chapter 11 Question 9.
While calculating cash flow from operating netivities which will be deducted ?
(a) Increase in Creditors
(b) Increase in Debtors
(c) Decrease in Debtors
(d) Decrease in Prepaid Expenses

Answer

Answer: (b) Increase in Debtors


Question 10.
While calculating cash flow from operating activities, which will be added ?
(a) Increase in Stock
(b) Increase in Creditors
(c) Decrease in Bills Payable
(d) Increase in Debtors

Answer

Answer: (b) Increase in Creditors


Question 11.
An example of Cash Flow from Investing Activities :
(a) Cash Sales
(b) Issue of Shares
(c) Payment of cash for purchase of machinery
(d) Payment of Dividend

Answer

Answer: (c) Payment of cash for purchase of machinery


Question 12.
An example of Cash Flows from Financing Activity is :
(a) Sale of goods
(b) Sale of Investment
(c) Cash receipts from issue of shares
(d) Interest received

Answer

Answer: (c) Cash receipts from issue of shares


Question 13.
How will you treat payment of ‘Interest of Debentures’ while preparing a Cash Flow Statement ?
(a) Cash Flow from Operating Activities
(b) Cash Flow from Investing Activities
(c) Cash Flow from Financing Activities
(d) Cash Equivalents

Answer

Answer: (c) Cash Flow from Financing Activities


Question 14.
Where will you show purchase of goodwill in Cash Flow Statement:
(a) Cash Flow from Operating Activities
(b) Cash Flow from Investing Activities
(c) Cash Flow from Financing Activities
(d) Cash Equivalent

Answer

Answer: (b) Cash Flow from Investing Activities


Question 15.
Interest received by a finance company is classified under which kind of activity while preparing a Cash Flow Statement ?
(a) Cash Flow from Operating Activities
(b) Investing Activities
(c) Financing Activities
(d) Cash Equivalent

Answer

Answer: (a) Cash Flow from Operating Activities


Question 16.
Which of the following item is considered as cash equivalents:
(a) Bank Overdraft
(b) Bills Receivable
(c) Debtors
(d) Short-term Investment

Answer

Answer: (a) Bank Overdraft


Question 17.
Which of the following item is not considered as cash equivalents ?
(a) Bank Overdraft
(b) Commercial Papers
(c) Treasury Bills
(d) Investment

Answer

Answer: (d) Investment


Question 18.
Cash payment to employees is a Cash Flow from:
(a) Operating Activities
(b) Investing Activities
(c) Finance Activities
(d) All the above

Answer

Answer: (a) Operating Activities


Question 19.
Which of the following is not a Cash in Flow ?
(a) Sale of Fixed Asset
(b) Purchase of Fixed Asset
(c) Issue of Debentures
(d) Sale of Goods for Cash

Answer

Answer: (b) Purchase of Fixed Asset


Question 20.
In cash flow statement, the item of ‘Interest’ is shown in:
(a) Operating Activities
(b) Investing Activities
(c) Financial Activities
(d) In both (d) & (c)

Answer

Answer: (d) In both (d) & (c)


Question 21.
Which of the following is not a Cash Outflow:
(a) Increase in Creditors
(b) Increase in Debtors
(c) Increase in Stock
(d) Increase in prepaid expenses

Answer

Answer: (a) Increase in Creditors


Question 22.
Cash from operation is equal to :
(a) Net Profit + Increase in Current Assets
(b) Net Profit + Decrease in Current Liabilities
(c) Operating Profit + Adjustment of Current Assets and Current Liabilities
(d) All of the above

Answer

Answer: (b) Net Profit + Decrease in Current Liabilities


Question 23.
Income tax refund is a cash of:
(a) Source
(b) Application
(c) Both (a) & (b)
(d) None of these

Answer

Answer: (a) Source


Question 24.
Cash Flow Statement in based upon:
(a) Cash basis of accounting
(b) Accrual basis of accounting
(c) (a) and (b) both
(d) None of these

Answer

Answer: (a) Cash basis of accounting


Question 25.
Cash Flow Statement is related to:
(a) AS-3
(b) AS-6
(c) AS-9
(d) AS-12

Answer

Answer: (b) AS-6


Question 26.
Cash Flow Statement is prepared from:
(a) Balance Sheet
(b) Profit & Loss Account
(c) Additional Information
(d) All of these

Answer

Answer: (d) All of these


Question 27.
Following Is included in Cash Flow from Operating Activities:
(a) Royalties, Fees, Commission
(b) Purchase of Debentures
(c) Purchase of Machinery
(d) issue of Shares

Answer

Answer: (a) Royalties, Fees, Commission


Question 28.
Following are included in cash equivalent:
(a) Treasury Bill
(b) Trade Bill
(c) Bank Deposits of Short Maturity Period
(d) All of above

Answer

Answer: (d) All of above


Question 29.
Claims received from Insurance Companies are treated as:
(a) Cash Flow from Operating Activities
(b) Cash Flow from Investing Activities
(c) Cash Flow from Financing Activities
(d) None of these

Answer

Answer: (a) Cash Flow from Operating Activities


Question 30.
Which activity comes under ‘Operating Activities’ ?
(a) Purchase of Land
(b) Issue of Debentures
(c) Proceeds from Issuance of Equity Shares
(d) Cash Sales

Answer

Answer: (d) Cash Sales


Question 31.
Which of the following is not a cash inflow ?
(a) Decrease in Debtors
(b) Issue of Debentures
(c) Decrease in Creditors
(d) None of these

Answer

Answer: (c) Decrease in Creditors


Question 32.
Which one of following is not a non-cash item ?
(a) Cash Sales
(b) Goodwill written off
(c) Depreciation
(d) Provision of Bad Debts

Answer

Answer: (a) Cash Sales


Question 33.
Cash flow statement according to AS-3 is mandatory to:
(a) All enterprises
(b) Companies listed on a stock exchange
(c) Enterprises having turnover expending 50 Rs crore
(d) (b) & (c) both

Answer

Answer: (d) (b) & (c) both


Question 34.
Decrease in Current Asset is……….in operating profit
(a) Subtracted
(b) Added
(c) Divided
(d) Multiplied

Answer

Answer: (b) Added


Question 35.
Following are true about cash equivalent:
(a) More Liquid Short-term Investment
(b) Minimum risk
(c) Maturity of 3 months or less than 3 months
(d) All the above

Answer

Answer: (d) All the above


Question 36.
Which of the following activity comes under Financial Activities ?
(a) Receipts from issurence of Equity Shares
(b) Cash Sales
(c) Bank Overdraft
(d) Purchase of Debentures

Answer

Answer: (a) Receipts from issurence of Equity Shares


Question 37.
An analysis of cash flow is useful for..—.planning.
(a) Short-term
(b) Long-term
(c) Medium-term
(d) Very Long-period

Answer

Answer: (a) Short-term


Question 38.
Which calculating cash flow from operating activities which is added net profit ?
(a) Increase in Stock
(b) Decrease in Stock
(c) Increase in Debtors
(d) Decrease in Creditors

Answer

Answer: (b) Decrease in Stock


Question 39.
Which of the following is not the source of Cash ?
(a) Purchase of Fixed Assets
(b) Funds from Operations
(c) Issue of Debentures
(d) Sale of Fixed Assets

Answer

Answer: (a) Purchase of Fixed Assets


Question 40.
While calculating profit from operating activities, which will be added back to net profit:
(a) Goodwill Written off
(b) Depreciation
(c) Loss oh Sale of Fixed Assets
(d) All the Above

Answer

Answer: (d) All the Above


While calculating profit from operating activities, which will be added back to net profit:

Question 41.
Profit during the year ₹ 20,000. During the year, there was increase in stock by ₹ 9,000 and decrease in debentures of ₹ 5,000. What is the amount of cash from operating activities ?
(a) ₹ 6,000
(b) ₹ 16,000
(c) ₹ 24,000
(d) ₹ 34,000

Answer

Answer: (b) ₹ 16,000


Question 42.
Given:
Net Profit during the year ₹ 1,00,000
Debtors in the beginning the year of ₹ 30,000
Debtors at the end of the year ₹ 36,000
What is the amount of cash from operating activities ?
(a) ₹ 30,000
(b) ₹ 94,000
(c) ₹ 1,06,000
(d) ₹ 1,66,000

Answer

Answer: (b) ₹ 94,000


Question 43.
Net Profit during the year ₹ 30,000
Creditors in the beginning ₹ 24,000
Creditors at the end ₹ 16,000
What is the amount of cash from operating activities :
(a) ₹ 30,000
(b) ₹ 34,000
(c) ₹ 22,000
(d) ₹ 40,000

Answer

Answer: (c) 7 22,000


Question 44.
Redemption of Debentures/Preference shares results into:
(a) Source of fund
(b) Use Or application of fund
(c) No flow of fund
(d) No flow of cash

Answer

Answer: (b) Use Or application of fund


Question 45.
Which of the following is not an example of cash outflows ?
(a) Repayment of loans
(b) Decrease in creditors
(c) Issue of debentures
(d) None of these

Answer

Answer: (c) Issue of debentures


We hope the given NCERT MCQ Questions for Class 12 Accountancy Chapter 11 Cash Flow Statement with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 12 Accountancy Cash Flow Statement MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Class 12 Accountancy MCQ:

MCQ Questions for Class 12 Business Studies Chapter 9 Financial Management with Answers

Financial Management Class 12 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 9 Financial Management with Answers Pdf free download. MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Financial Management Class 12 Business Studies MCQs Questions with Answers to help students understand the concept very well.

Class 12 Business Studies Chapter 9 Financial Management MCQ With Answers

Business Studies Class 12 Chapter 9 MCQs On Financial Management

Question 1.
Which one of the following is related to planning, organising, directing and controlling of financial activities?
(a) Financial decision
(b) Capital structure
(c) Investment decision
(d) Financial management

Answer

Answer: (d) Financial management


Question 2.
Wealth maximisation depends on
(a) market price per share.
(b) market price of finished good.
(c) market price of inventory.
(d) market price of fixed assets.

Answer

Answer: (a) market price per share.


Wealth maximisation depends on

Question 3.
Investment decision involves
(a) investment in fixed assets.
(b) investment in current assets.
(c) investment in fixed and current assets.
(d) investment in Government securities.

Answer

Answer: (c) investment in fixed and current assets.


Question 4.
If dividend portion of total earnings is high, portion of retained earnings will be
(a) high.
(b) low.
(c) moderate.
(d) equal.

Answer

Answer: (b) low.


Question 5.
Financial procedures are determined by
(a) financial planning.
(b) financial leverage.
(c) financial decisions.
(d) capital structure.

Answer

Answer: (a) financial planning.


Question 6.
Capital structure shows
(a) Debtor-creditor ratio.
(b) Fixed assets-current assets ratio.
(c) Debt-equity ratio.
(d) Interest coverage ratio.

Answer

Answer: (c) Debt-equity ratio.


Question 7.
Fixed capital requirements are determined by
(a) nature of business.
(b) nature of business environment.
(c) nature of Government control.
(d) nature of marketing efforts.

Answer

Answer: (a) nature of business.


Question 8.
Working capital requirements are low when an organisation has
(a) high technology.
(b) high debtors.
(c) high inventory.
(d) high creditors.

Answer

Answer: (d) high creditors.


Question 9.
___ is concerned with optimum procurement as well as usage of finance.
(a) Financial Analysis
(b) Financial Planning
(c) Financial Management
(d) Budgeting

Answer

Answer: (c) Financial Management


Question 10.
___ represents investment in current assets required for day-to-day operations of the business.
(a) Long-term capital
(b) Working capital
(c) Capital Budgeting
(d) Medium-term capital

Answer

Answer: (b) Working capital


Question 11.
___ involves increasing the proportion of debt and preference shares in total capital.
(a) Trading on equity
(b) Capital Budgeting
(c) Financing decision
(d) Financial Analysis

Answer

Answer: (a) Trading on equity


Question 12.
___ is the time span between acquisition of goods and realisation of sale proceeds.
(a) Working capital
(b) Payback Period
(c) Operating Cycle
(d) Account Receivables Period

Answer

Answer: (c) Operating Cycle


Question 13.
___ Gross working capital represents the total investment in assets.
(a) Current
(b) Fixed
(c) Tangible
(d) Intangible

Answer

Answer: (a) Current


Question 14.
___ capital refers to investment in long-term assets.
(a) Fixed
(b) Variable
(c) Working
(d) Both (b) and (c)

Answer

Answer: (c) Working


Question 15.
The working capital requirement of a business is not likely to be high when?
(a) The nature of business is trading
(b) Scale of operation of business is small
(c) It is difficult to procure raw material
(d) The rate of inflation is low

Answer

Answer: (c) It is difficult to procure raw material


Question 16.
Under which of the following circumstances the fixed capital requirement of a business is not likely to be high?
(a) When the raw material is not easily available
(b) Capital intensive techniques of production are used
(c) The growth prospects of a company a high
(d) When the financial alternatives are easily available

Answer

Answer: (d) When the financial alternatives are easily available


Question 17.
Which of the following statements is not true with regard to use of fixed capital?
(a) It affects the long term growth of the business.
(b) Large amount of funds are involved.
(c) The business risk involved is low.
(d) The investment decisions are irreversible.

Answer

Answer: (c) The business risk involved is low.


Question 18.
Under which of the following situations a company is not likely to issue equity capital?
(a) When the debt service coverage ratio is high.
(b) When the interest coverage ratio is high.
(c) When the cost of debt capital is low.
(d) All of the above

Answer

Answer: (d) All of the above


Under which of the following situations a company is not likely to issue equity capital?

Question 19.
If the rate of return on investment for a company is 16%, a situation of unfavourable financial leverage will be said to arise when the rate of interest payable on debt capital is
(a) More than 16 %
(b) Less than 16 %
(c) Equal to 16%
(d) None of the above

Answer

Answer: (a) More than 16 %


Question 20.
The total capital of Uranium Private Limited is ?50 lacs. The amount of debt is ?20 lacs. The company has earned a profit of ^10 lacs during the current financial year. Its return on investment (ROI) for the present year is
(a) 20%
(b) 40%
(c) 10%
(d) 80%

Answer

Answer: (a) 20%


True or False

State with reasons whether the following statements are True or False.

1. The primary objective of financial management is to arrange wealth for shareholders.

Answer

Answer: False; the primary objective of financial management is to maximise shareholders’ wealth.


2. Financing decision is the decision about dividend payment and retained earnings.

Answer

Answer: False; dividend decison is such a decision.


3. Investment decision is the decision about investment, financing and dividend.

Answer

Answer: False; financial decision is the decision about investment, financing and dividend.


4. Return on investment shows analysis of an investment.

Answer

Answer: False; return on investment shows profitability of an investment.


We hope the given NCERT MCQ Questions for Class 12 Business Studies Chapter 9 Financial Management with Answers Pdf free download will help you. If you have any queries regarding Financial Management CBSE Class 12 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.