Directions: Choose the correct option for the given question:

Consider the following statements: In the absence of an agreement, a partner of a firm has the right to

1. Claim remuneration for taking part in the management
2. Take part in the conduct and management of business
3. Share the profits of the firm equally with other partners
4. Pledge partnership property as a security for his own private debts Which of the statements given above is/are correct?

Directions: Choose the correct option for the given question:

What is/are the consequence(s) of non-registration of partnership firm?

1. It cannot sue any of its partners.
2. Partners of an unregistered firm can file suits against each other.
3. Partners can sue the firm to enforce their claims.

Directions: The next five items consists of two statements, one labelled as the ' Assertion' (A) and the other as ' Reason' (R). You are to examine these two statements carefully and select the answer to these items using the codes given below. Assertion (A)—A company is accountable to the society since it makes use of community-owned assets and other infrastructural facilities and enjoys concessions provided by State from taxpayers' money. Reason (R)—The best way of social responsibility reporting is to prepare a value-added statement which shows the income earned by all the stake-holders.

Directions: Choose the correct option for the given question:

To which of the following aspects, does an established pattern of relationships among the components of an organization, refer?

Directions: Choose the correct option for the given question:

Match List-I with List-II and select the correct answer using the code given below the lists. List-I (Type of Company) (a) Statutory company (b) Registered company (c) Company limited by shares (d) Company limited by guarantee List-II (Feature)

1. Member's liability is limited to the face value of shares
2. Regulated by the provisions of the Companies Act
3. Generally formed for promotion of culture, art, science, religion etc.
4. Formed under Special Act

Directions: Each of the next five items consists of two statements, one labelled as the 'Assertion' (A) and the other as 'Reason' (R). You are to examine these two statements carefully and select the answers to these items using the codes given below. Assertion (A)—The scope of audit of accounts of a limited company may be restricted by the Board of Directors. Reason (R)—The Board of Directors is responsible for adherence to Accounting Standards in preparation of financial statements.

Directions: Each of the next five items consists of two statements, one labelled as the 'Assertion' (A) and the other as 'Reason' (R). You are to examine these two statements carefully and select the answers to these items using the codes given below. Assertion (A)—Analytical review procedures are useful only at the time of planning of an audit. Reason (R)—Analytical reviews are the test of financial information conducted through a study and review of relationship among financial data.

Directions:The following question consists of two statements, one labelled as the 'Assertion' (A) and the other as 'Reason' (R). You have to examine these two statements carefully and select the answer from the options given below Assertion (A)—Income tax paid is not shown on the debit side of the sole proprietor's Profit and Loss account. Reason (R)—It is an appropriation of profit and thus goes to Profit and Loss Appropriation Account.

Directions: Choose the correct option for the given question:Consider the following statements:

1. Authority in an organization is the formal or institutional right to command stemming from official delegation of position.
2. Legitimate power is the right to manage derived from delegation based on ownership or property rights. Which of the statements given above is/are correct?

Directions: Choose the correct option for the given question:

Which of the following is not correct in respect of the Theory X?

Directions: Each of the next five items consists of two statements, one labelled as the 'Assertion' (A) and the other as 'Reason' (R). You are to examine these two statements carefully and select the answers to these items using the codes given below. Assertion (A)—In dividend stripping or bond washing which is resorted to in some countries, fixed-interest securities are bought when they have gone exdividend and sold before the next dividend is paid. Reason (R)—In such countries, dividends are taxed at a higher rate than capital gains.

Directions: Choose the correct option for the given question:When Maslow's need hierarchy is compared with Herzberg's two-factor theory of motivation, which of the following statements are correct ?

1. Maslow's psychological needs; security, safety and affiliation or acceptance, represent almost the same meanings as Herzberg's maintenance factor.
2. Esteem or status is also a part of maintenance factor.
3. Self-actualization can be compared as a component of motivators as in Herzberg's theory.

Directions: Choose the correct option for the given question:

Which of the following is not an element of direction?

Directions: Choose the correct option for the given question:Some organizations have escalator clause in their labour agreements. What does this clause provide for?

Directions: Choose the correct option for the given question:Consider the following statements in respect of PERT.

1. PERT is a variation of milestone budgeting.
2. PERT employs probabilistic estimate of time required for completion of an activity.
3. PERT also includes the transfer of resources for reduction of duration of completion of a project. Which of the statements given above are correct?

Directions: Choose the correct option for the given question:

The organization structure, in which each employee reports to both a functional (or division) manager and to a project (or group) manager, is known as

Directions: Choose the correct option for the given question:

XYZ Ltd. issued 10,000 shares of Rs. 100 each at Rs. 120 per share with Rs. 25 on application, Rs. 45 on allotment including premium, Rs. 20 on first call and Rs. 30 on final call. Govind, who held 200 shares did not pay any call money and his shares were forfeited. What is the amount to be credited to Share Forfeiture Account on forfeiture?

Directions: Choose the correct option for the given question:

X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many shares should X Ltd. issue to Maruti Udyog Ltd. for the car ?

Directions: Choose the correct option for the given question:

Under which of the following is the term 'Dominant Undertaking' defined?

Directions: Choose the correct option for the given question:

Consider the following statements in respect of the “Duty Free Import Authorization Scheme”.

1. The scheme offers the facility to import the required inputs before exports.
2. The scheme allows the transfer of scrip once the export obligation is complete. Which of the statement(s) given above is/are correct?

Directions: Choose the correct option for the given question:

On 1st April, 2006, Y Ltd. Issued 1, 12% debentures of Rs. 100 each at a discount of 6%. These debentures are redeemable in five equal annual instalments at the end of each year. What is the amount of discount to be written off in the first year i.e. on 31^st March, 2007, through P & L account ?

Directions: Choose the correct option for the given question:

Life insurance is a contract of which of the following?

Directions: Choose the correct option for the given question:

The outsourcing of production and concentrating on marketing operations in international business, is known as

Directions: Choose the correct option for the given question:
According to force-field theory, every behaviour is the result of equilibrium between which of the following ?

Directions: Choose the correct option for the given question:

Which of the following is not a feature of bonds?