PGT Commerce Level-3 (HTEТ), Exam 2018Total Questions: 150111. Which of the following is not the cause of less or more absorption of overhead?A. Real direct labour time exceeding budgetB. Actual labour cost exceeding budgetC. Actual overhead being less than budgetD. Units exceeding production budgetCorrect Answer: B. Actual labour cost exceeding budget112. Cost accounting provides all of the following information except:A. Cost productB. Price of sold goodsC. List priceD. Cash forecastsCorrect Answer: D. Cash forecasts113. SDRs are popularly known as:A. Circulation paperB. Gold letterC. Silver coinD. Paper goldCorrect Answer: B. Gold letter114. In the model of consumer behaviour given by Philip Kotler, what constitutes the marketing stimuli?A. Product choiceB. 4 Ps of marketingC. Consumer needs and requirementsD. Buyer FeaturesCorrect Answer: B. 4 Ps of marketing115. What is OTP in credit card transactions?A. Odd Transaction PasswordB. Owners Trading Pass codeC. One Time PasswordD. One Time Pin codeCorrect Answer: C. One Time Password116. When a company offers new product in existing market, the strategy is known as:A. Product developmentB. DownsizingC. DiversificationD. Market growthCorrect Answer: A. Product development117. What is the characteristic of purely competitive market?A. Large number of buyers and sellersB. Some vendorsC. Some buyersD. Unusual benefitCorrect Answer: A. Large number of buyers and sellers118. A project is worthwhile or profitable, if its Net Present Value (NPV) is:A. Less than 0B. Greater than 0C. Equal to 0D. More than 1Correct Answer: B. Greater than 0119. The difference between what a consumer is willing to pay for a commodity and what he actually does pay for it, is called:A. Consumer's surplusB. Producer's savingsC. Utility costD. Bookkeeper's savingsCorrect Answer: A. Consumer's surplus120. Which among the following is an example of capital expenditure?A. RentB. CommissionC. DividendD. FurnitureCorrect Answer: D. FurnitureSubmit Quiz« Previous123456789101112131415Next »
