PGT Commerce Level-3 (HTEТ), Exam 2018

Total Questions: 150

141. The oligopoly model in which the businessman assumes that the competitors'output are fixed and simultaneously decide how much to produce is:

Correct Answer: A. Oligopoly model of Cournot

142. According to Hersey and Blanchard's situational approach to leadership, the participating style of leadership has:

Correct Answer: C. Low task and high relationship oriented

143. _________is the maximum growth rate a firm can achieve without external financing of any kind:

Correct Answer: A. Internal growth rate

144. ‘K’ department of a factory wants to quote the selling price for 10,000 units. The cost details of 1,000 units are as follows: Material cost ₹ 6,000, Labour cost: ₹ 10,000; Factory overhead expenses: Fixed ₹ 8,000, Variable: ₹ 1,500; Administrative overhead expenses: Fixed ₹ 4,000, Variable: ₹ 800; Sales and Distribution overhead expenses: Fixed ₹ 800, Variable: ₹ 650.

Expected to charge 15% profit on the cost. Find the selling price:

Correct Answer: A. ₹ 2,32,645

145. A________declares that any act contrary or in excess of the scope of the activity of the company will be null and void and not binding on the company:

Correct Answer: C. Doctrine of ultra vires

146. A program to change workers’ attitude about quality by stressing error-free performance is:

Correct Answer: C. Zero defects

147. Find the balance according to the passbook from the given information:

(i) Debit bank balance as per Cash book ₹ 25,000.
(ii) Cheque issued but not yet presented for payment ₹ 8,900.
(iii) Cheque have been deposited in the bank but have not yet been collected and deposited in the bank ₹ 12,300.
(iv) Bank interest received ₹ 1,250.
(v) Bank expenses ₹ 250 not written in cash book
(vi) Bank has paid ₹3,500 for insurance installment on our standing order, whose information we did not get.

Correct Answer: B. ₹19,100

148. Which organization structure consist of the direct verified relationship which connect the position and task of each levels with those above and below?

Correct Answer: B. Line Organisation

149. The systematic collection, evaluation and organization of information about jobs is called:

Correct Answer: B. Work Analysis

150. Which among the following is not a characteristic of zero-base budgeting?

Correct Answer: C. To regulate budget more effectively