SPSC Lecturer Commerce Past Paper 03-06-2023

21- The two basic sources of capital for a firm are debt and equity, which take the form of:

A. Debentures, Dividends
B. Debentures, Bonds
C. Dividends, Bonds 
D. Dividends, Treasury note

Answer : B. Debentures, Bonds

22- Which of the following motives is learned or acquired over a period of time such as power, achievement and affiliation.

A. Affection motive
B. Secondary motive
C. Primary motive 
D. Stimulus motive

Answer : B. Secondary motive

23- Idle plant capacity means:

A. Practical capacity minus normal capacity 
B. Minimum capacity minus normal capacity 
C. Maximum capacity minus actual capacity 
D. Practical capacity minus actual capacity

Answer : D. Practical capacity minus actual capacity

24- A Trade discount is:

A. An increase in quantity given to customers
B. A discount for each year
C. A special sales promotion
D. A reduction in price per unit agent

Answer : D. A reduction in price per unit agent

25- What is the probability of occurrence of an event whose odds for a change are 7:12?

A. 7/12
B. 7/19
C. 12/19
D. 5/12

Answer : B. 7/19

26- The consumer price index number is also known as:

A. The wholesale price index number
B. The retail price index number
C. The weighted average of the relative price index 
D. None of these

Answer : B. The retail price index number

27- The index number which is the geometric mean of the Laspeyre's and Paasche's index numbers is the same as that used by Bank A and B.

A. The Laspeyre’s Index
B. The Paasche’s Index
C. Fisher Index
D. None of these

Answer : C. Fisher Index

28- The petroleum industry is an example of:

A. Monopolistic Competition
B. Pure Oligopoly
C. Duopoly
D. Differentiated Oligopoly

Answer : B. Pure Oligopoly

29- The price of bread increases by 22% and the quantity of bread demanded falls by 25%. This indicates that demand for bread is:

A. Elastic
B. Inelastic
C. Unitarily Elastic 
D. Perfectly Elastic

Answer : A. Elastic

30- A shift in the demand curve (drawn in the traditional Price-Quantity space) to the left may be caused by?

A. A decrease in supply
B. A fall in income
C. A fall in the price of a complementary good 
D. A fall in the number of substitute goods

Answer : B. A fall in income

31- The Theorem that advocated standard methodology for doing a task and stipulated that workers were motivated by pay according to output (piecework) is:

A. Elton Mayo
B. Max Weber
C. Frederick Taylor
D. Henri Fayol

Answer : C. Frederick Taylor

32- Theory states that the average employee is lazy and utility to do as little as possible:

A. X
B. Y
C. Z
D. None of these 

Answer : A. X

33- Is the study of how to create an organizational structure that leads to high efficiency and effectiveness?

A. Scientific Management 
B. Allocation Management
C. Administrative Management
D. Job Specialization

Answer : C. Administrative Management

34- The term "Core competency" was coined by which of the following influential business thinkers?

A. W. Edwards Deming
B. C.K. Prahalad
C. Ken Blanchard
D. Frederick W. Taylor

Answer : B. C.K. Prahalad

35- In approach, the capital structure decision is relevant to the valuation of the firm:

A. Net Income
B. Net Operating Income
C. Traditional
D. Miller Modigliani

Answer : A. Net Income

36- Economic uncertainty, regulatory requirements, and new competitors are examples of what type of factors that managers?

A. Intrapersonal Factors
B. Internal Factors 
C. Interpersonal Factors 
D. External Factors

Answer : D. External Factors

37- Which management principle states that each individual should report to only one boss in order to avoid conflict confusion?

A. Division of command
B. Chain of command 
C. Unity of direction
D. Unity of command

Answer : D. Unity of command

38- Which title is given to an individual who is in charge of and coordinates the activities of a group of employees in related activities within a unit of an organization?

A. Manager
B. Employee
C. Vender
D. Contractor

Answer : A. Manager

39- If two cards are drawn from a deck of cards what are the possible outcomes?

A. 521
B. 52×52
C. 52×51
D. 51×52

Answer : C. 52x51

40- The rate of interest offered by the fixed deposit scheme of a bank for 365 days and above is 12%. What status of Rs. 20000, after two years if it is invested at his point of time?

A. 28032
B. 24048
C. 22056
D. 25088

Answer : A. 28032

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