lbscentre.info State Eligibility Test Commerce Question Paper 2017 : LBS Centre for Science & Technology

Name of the Organisation : LBS Centre for Science & Technology
Exam : State Eligibility Test
Subject : Commerce
Year : 2017 Feb
Document Type : Model & Past Question Papers

Website : https://lbscentre.in/
Download Model/Sample Question Paper :
Commerce 2010 :  https://www.pdfquestion.in/uploads/13388-com2010.pdf
Commerce 2011 : https://www.pdfquestion.in/uploads/13388-Com2011.pdf
Commerce 2012 : https://www.pdfquestion.in/uploads/13388-Com2012.pdf
Commerce 2013-Jun : https://www.pdfquestion.in/uploads/13388-Com2013Jun.pdf
Commerce 2013-Dec : https://www.pdfquestion.in/uploads/13388-Com2013Dec.pdf
Commerce 2015-Jun :  https://www.pdfquestion.in/uploads/13388-Com2015Jun.pdf
Commerce 2015-Dec : https://www.pdfquestion.in/uploads/13388-Com2015Dec.pdf
Commerce 2016-Jun : https://www.pdfquestion.in/uploads/13388-Com2016Jun.pdf
Commerce 2017-Feb : https://www.pdfquestion.in/uploads/13388-Com2017feb.pdf

State Eligibility Test Commerce Question Paper :

Time : 120 Minutes :

Related : LBS Centre for Science & Technology State Eligibility Test Chemistry Question Paper : www.pdfquestion.in/13385.html

1. The smallest segment of activity for which costs are accumulated is called
A) Cost unit
B) Cost ledger
C) Cost centre
D) Cost control

2. Irrecoverable costs caused by complete abandonment of a plant:
A) Replacement cost
B) Differential cost
C) Marginal cost
D) Sunk cost

3. Find out the economic order quantity from the given information. Annual usage 12000, cost of placing and receiving one order- Rs. 60, annual carrying cost 10%
A) 12000
B) 10000
C) 20000
D) 15000

4. Match the following :
a. Minimum level 1. Level at which issue of materials are stopped
b. Maximum level 2. Level at which purchase requisition for fresh supply is initiated
c. Reorder level 3. Level of quantity of material which is maintained in hand
d. Danger level 4. Level to avoid overstocking
A) a-2, b-1, c-3, d-4
B) a-1, b-2, c-3, d-4
C) a-3, b-4, c-2, d-1
D) a-1, b-3, c-2, d-4

5. The method of issuing material suitable at the time of falling prices is:
A) LIFO
B) FIFO
C) Average Cost Method
D) Inflated Price Method
6. A worker completes a job in a certain number of hours. The standard time allowed for the job is 10 hours and the hourly rate of wages is Re.1.The worker earns at 50% rate a bonus of Rs.2 under Halsey Plan. Find the total wages under Rowan Premium Plan.
A) Rs 6.40
B) Rs 9.40
C) Rs 4.40
D) Rs 8.40

7. Calculate P/V ratio from the following information Selling price Rs.10 per unit, Variable cost per unit Rs.6. Profit and sales of two periods are:- Year Sales Profit
2001 150000 20000
2002 170000 25000
A) 20%
B) 15%
C) 25%
D) 30%

8. ——- is an important tool of profit planning
A) Ratio analysis
B) Cost-volume profit analysis
C) Fund flow analysis
D) Cash flow analysis

9. Calculate the gross profit ratio from the following information:
Sales – 1,00,000, Purchases – 60000, sales returns – 10000, purchases returns – 15000,
opening stock 20000 and closing stock 5000
A) 23.33 %
B) 13.33 %
C) 43.33 %
D) 33.33 %

10. The relationship between dividend per share and market price per share is
A) Dividend Payout Ratio
B) P/E Ratio
C) Dividend Yield Ratio
D) Operating Ratio

11. Comparison of two or more firms with the objective of providing information regarding the competitive position of participating companies to improve profitability and productivity of those companies is called:
A) Inter-firm comparison
B) Intra-firm comparison
C) Both A& B
D) Industry Comparison

12. Internal source of funds include
I. Public Deposits II. Funds from long term loans
III. Increase in share capital IV. Funds from operations
A) III & IV only
B) III only
C) IV only
D) I & II only

13. Depreciation is treated as a source of fund because
I. Value of closing inventory may include depreciation of fixed asset as an element of cost
II. Depreciation does not generate funds but it saves funds
III. It reduces taxable income
IV. Depreciation results in reduction of asset
A) I, II & III only
B) II, III & IV only
C) I & IV only
D) III & IV only

14. Find out the source of cash from the following?
A) Purchase of fixed assets
B) Cash from operations
C) Decrease in unsecured loans
D) Payment of dividend

15. The risk analysis technique which provides more than one estimate of the future return of a project is:
A) Standard deviation
B) Probability assignment
C) Coefficient of variation
D) Sensitivity analysis