PGT Commerce Level-3 (HTEТ), Exam 2017

Total Questions: 150

111. A relatively stable set of characteristics that influence 104. A company has fixed an individual's behaviour is known as:

Correct Answer: D. Personality

112. A theory of motivation that is concerned with the beneficial effects of intrinsic motivation and the harmful effects of extrinsic motivation, is termed as:

Correct Answer: C. Self-determination Theory

113. A box contain in 5 white and 4 black balls. Three balls are drawn at random. Find the probability that they are:

(i) all white
(ii) all black
(iii) two balls are white and one is black

Correct Answer: B.

114. The production of an article should require 120 kg raw material @ ₹ 6 per kg. On completion it was found that 110 kg of raw material costing ₹ 7 per kg was used for a unit of article. Calculate material cost, price and usage variances:

Correct Answer: B. ₹ 50 (A), ₹ 100 (A) and ₹ 60 (F) respectively

115. Modern Ltd. issued a prospectus for applying for 2000 shares. Received application for 3000 shares. The applicants for 2400 shares were allotted shares on pro-rata basis. If Vivek has been allotted 40 shares then for how many shares did Vivek applied?

Correct Answer: C. 48 shares

116. Which one is the merit of Joint Stock Company?

Correct Answer: A. Transfer of shares

117. The 'Graiciunas's Theory' of Span of Control was propounded by:

Correct Answer: A. V.A. Graiciunas

118. In which year the Indian Partnership Act was enacted?

Correct Answer: B. 1932

119. On dissolution of a firm what will be the Journal entry when the firm realizes only ₹75,000 for an asset of ₹ 80,000:

Correct Answer: A.

120. 'Giffen paradox' occurs when income effect is:

Correct Answer: D. Negative and is greater than the substitution effect