NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 374 - 376 of 1426

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Question number: 374

» Financial and Management Accounting » Basic Accounting Concept

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Appeared in Year: 2016

MCQ▾

Question

From the following information, find out the number of units that must be sold by the firm to earn profit of per year.

Sales price: per unit

Variable manufacturing costs – per unit

Variable selling costs – per unit

Fixed factory overheads –

Fixed selling costs –

(July Paper 3)

Choices

Choice (4)Response

a.

units

b.

units

c.

units

d.

units

Question number: 375

» Income-Tax Law and Tax Planning » Basic Concepts

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Appeared in Year: 2016

Match List-Ⅰ List-Ⅱ▾

Question

Match the items of List – I with those of List – II and choose the correct code: (July Paper 3)

List-Ⅰ (Column I)List-Ⅱ (Column II)

(A)

Provision for taxation

(i)

Fixed Assets

(B)

Live-stock

(ii)

Provisions

(C)

Sundry Debtors

(iii)

Current Assets

(D)

Interest accrued on unsecured loans

(iv)

Unsecured loans

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (i)
  • (ii)
  • (iv)
  • (iii)

b.

  • (ii)
  • (i)
  • (iii)
  • (iv)

c.

  • (i)
  • (iv)
  • (iii)
  • (ii)

d.

  • (iii)
  • (iv)
  • (ii)
  • (i)

Question number: 376

» Business Economics » Curve Analysis Law

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Appeared in Year: 2016

Assertion-Reason▾

Question

Assertion (Ꭺ)

Low initial pricing for new products is regarded as the principal instrument for entering into mass markets. (July Paper 3)

Reason (Ꭱ)

Firms generally go for production of new products with excess capacity initially.

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

b.

Both Ꭺ and Ꭱ are false

c.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

d.

Ꭺ is true but Ꭱ is false

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