NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 1145 - 1150 of 1264

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Question number: 1145

» Financial Management » Working Capital Management

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Appeared in Year: 2019

MCQ▾

Question

A firm consumes 90000 units of a certain item of raw material in its production process annually. It costs ₹ 3 per unit, the cost per purchase order is ₹ 300 and the inventory carrying cost is per year. What is the EOQ? (June)

Choices

Choice (4) Response

a.

units

b.

units

c.

units

d.

units

Question number: 1146

» Income-Tax Law and Tax Planning » Computation of Taxable Income under Various Heads

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Appeared in Year: 2019

MCQ▾

Question

Following are the information for a house property: (June)

Municipal Value ₹

Fair rental value ₹

Standard Rent ₹

Actual Rent ₹

What is the gross annual value of the house property?

Choices

Choice (4) Response

a.

b.

c.

d.

Question number: 1147

» Financial and Management Accounting » Partnership Accounts » Retirement

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Essay Question▾

Describe in Detail

Retirement of Partners:

Explanation

  • Retirement means discontinuance of partnership. Normally, the retirement can be due to illness, old age or any other reason. Once a partner retires, his relations with the firm comes to an end. And for this reason, all the accounts need to reconcile and settlement need to be made.

  • Steps for adjustments/Books of Accounts: Following steps to

… (320 more words) …

Question number: 1148

» Business Economics » Price Determination in Different Market Situations » Monopoly

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Appeared in Year: 2019

MCQ▾

Question

A market structure which consists of one buyer and one seller is referred to as? (June Paper-2)

Choices

Choice (4) Response

a.

Monopsony

b.

Bilateral Monopoly

c.

Monopoly

d.

Duopoly

Question number: 1149

» Financial and Management Accounting » Standard Costing, Budgetary Control

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Essay Question▾

Describe in Detail

Standard Costing, Budgetary Control: Labor Variance

Explanation

  • During the first stages of cost accounting only historical costs were used to measure and presentation of cost. But historical costing faced with many limitations such as:

    • Historical costs are valid only for one accounting year, during which the manufacturing activity takes place and as prices keep fluctuating it becomes difficult to ascert

… (349 more words) …

Question number: 1150

» Business Economics » Law of Variable Proportion Short Run and Long Run » (New 2019)

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Appeared in Year: 2019

MCQ▾

Question

The essence of the law of diminishing returns is (June)

Choices

Choice (4) Response

a.

Inelastic Production

b.

Negative marginal production

c.

Declining total production

d.

Declining average production

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