1.Double entry bookkeeping system
A. records data related to cash receipts and payments
B. cash and personal items of the transactions are recorded
C. records two fold aspects of business transactions
D. analyzes and classifies the business data
2. A case of food poisonings occurred in a restaurant. The restaurant is being sued by a number of its customers who were hospitalized. The estimated cost that the restaurant is likely to suffer from this lawsuit is disclosed in a footnote because of the ……………principle.
A. Full disclosure principle
B. Going concern principle
C. Conservatism principle
D. Materiality principle
3. A motel’s payday for employees is every Friday. The year end occurs on a Monday. The pay erne by employees for those three days id recorded in the motel’s accounts because of the……………principle.
A. Full disclosure principle
B. Going concern principle
C. Conservatism principle
D. Materiality principle
4. A restaurant operator takes home food from the restaurant and uses these products for his or her personal use, this act violates the ………principle.
A. matching principle
B. objectivity principle
C. business entity principle
D. going concern principle
5. State true or false. I goods costing Rs.60,000 is purchased from Prabhat, Prabhat’s account is credited..
True
False
6. For a transaction given below which entry is not correct; Sold an old furniture for Rs.15,000
A. Cash a/c debit and old furniture a/c credit
B. cash a/c debit and furniture & fixtures account credit
C. old furniture a/c debit and sales account credit
D. cash a/c debit and sales account credit
7. For any transactions done through cheque the transactions in journal must be recorded as;
A. Cheque
B. Bank
C. Either cheque or bank
D. All of the above
8. Trial balance is used to check the accuracy of
A. Balance sheet balances
B. Ledger accounts balances
C. Cash flow statement balances
D. Income statement balances
9. A Trial balance which shows equal totals for both debit and credit columns?
A. Shows that there must be more than one error within the bookkeeping system
B. Shows that the bookkeeping system is free of errors
C. Shows that the arithmetic is correct, but errors may still be present in the bookkeeping system
D. Shows that there is only one error within the bookkeeping system
10. Which of the following account with normal balance is shown at the debit side of a trial balance?
A. Creditors account
B. Unearned income account
C. Rent income account
D. Cash account
11. Liquidity ratios are expressed in
A. Pure ratio form
B. Percentage
C. Rate or time
D. None of the above
12. Which of the following statements are true about Ratio Analysis?
A. A, B and D
B. A, C and D
C. A, B and C
D. A, B , C, D
13. Given Sales is 1,20,000 and Gross Profit is 30,000, the gross profit ratio is
A. 24%
B. 25%
C. 40%
D. 44%
14. The process of locating and encouraging potential applicants to apply for an existing or an anticipated job openings is called_________.
A. Selection
B. Placement
C. Recruitment
D. Induction
15. Advertisements, television, radio ads, and newspaper ads are_______________ method of recruitment
A. an internal method of recruitment
B. an indirect method of recruitment
C. third party method of recruitment
D. direct recruiting
16. Which of the following are the functions of HRM
A. Equal employee opportunity
B. staffing
C. talent management and development
D. All of above
17. Which of the following are the functions of HRM
A. Equal employee opportunity
B. staffing
C. talent management and development
D. All of above
18. The process of onboarding includes
A. Selecting the employees
B. Providing them an orientation
C. Rewarding employees
D. All of above
19. Good grooming for interviews includes
A. gold or silver jewelry.
B. perfume or cologne.
C. polished shoes.
D. a name tag.
20. Mention True of False: HR should not dig deep into the reasons behind the resignation
A. True
B. False
21. In which of these interviews, insults are common?
A. Screening interview
B. Stress interview
C. Behavioral interview
D. Group interview
22. Which of the following is not an objective of an interview?
A. To evaluate the applicant’s suitability.
B. To gain additional information from the candidate.
C. To know the personality of candidates.
D. To groom candidates
23. A “______________” is a process of evaluating an employee’s performance of a job in terms of its requirements.
A. Performance management
B. Performance analysis
C. Performance appraisal
D. Performance evaluation
24. _____________ is not a step of performance management
A. Communicating standards
B. comparing actual with standards
C. Discussing the results
D. adjusting the standards
25. What Makes Performance Management Systems Ineffective and Uninspiring?
A. If system is fair or accurate
B. Management are treating employee performance management seriously
C. Management rely too much on paper
D. Organization system is focused more on appraisal than on coaching
26. _______ is any learning activity, which is directed towards future needs rather than present needs
A. Training
B. Education
C. Instruction
D. Development
27. Legislation is …………….
A. Detailed instructions on how laws are to be enforced or carried out and are sometimes referred to as “rules” or “administrative laws.”
B. To provide specifications (guidelines or requirements) for products, services and systems.
C. carbon trading.
D. formation of an Environmental Fund
29. Which one of the following foods is likely to contain the MOST bacteria?
A. Frozen raw chicken.
B. Recently cooked chicken.
C. A opened fizzy drink.
D. Bottled mayonnaise.
30. Food act 1967 includes…………
A. Definition of food, adulterated food and substandard food.
B. Prohibition on sale of foodstuff by lying or misleading
C. Provision for the detention of food products under suspicion
D. All of above
31. DFTQC stands for
A. Department of Trade and Quality Control
B. Department of Food, Trade and Quality Control
C. Department of Food Technology and Quality Control
D. None of above
32. HACCP has …………….principles
A. 5
B. 7
C. 12
D. 15
33. Liquor act 2031 covers: 1) Control on the production and sell of liquor. 2) Restriction on the production, sale and distribution of liquor. 3) Consumption quantity of liquor
A. 1 & 2
B. 2 & 3
C. 1 & 3
D. 1, 2, & 3
34. Mention True or False: The licensee who purchases and sells liquors has to sell and distribute the liquors from 9.00 a.m.to 09.00 p.m.
A. True
B. False
35. Every person shall have the right to maintain the privacy of the matters such as
A. biological or biometric identity
B. gender identity
C. sexuality
D. All of above
