SAC/Department of Commerce
ST. ALOYSIUS‟ COLLEGE (AUTONOMOUS)
JABALPUR
Re-Accredited at A Level by NAAC
College with Potential for Excellence
QUESTION BANK
B.COM SEMESTER I – 2013
DEPARTMENT OF COMMERCE
(Applied Economics)
In Pursuit of Excellence
1
SAC/Department of Commerce
Publication Team
Patron -
Dr. Fr. Vazhan Arasu
Principal,
St. Aloysius College (Autonomous) JBP
Chief Editor Dr. Mrs Tarvinder Kaur Ghai
Head Dept. of Commerce (Applied Economics)
Editorial Team
Dr. Sanjay Rajak
Ms. Preeti Jain
Mr. Sunil Tiwari
Mrs. Varsha Anand
Mrs. Shilpa Malik
Mr. Mahendra Deshmukh
2
SAC/Department of Commerce
Salient Features
o This Question Bank has been made according to the Syllabus of M.P Higher
Education syllabus.
o The Question Bank has been systematically divided into three sections, in
which Section A comprises of Objective Types Questions, Section B comprises
of Short Answer Type Questions and in Section C Comprises of Long Answer
Type Questions respectively. This would enable the students to prepare the
subjects as per the requirements of the end semester examination.
o Key to the objective type’s questions for each section has been provided at the
end of the particular subject.
o The selection of the questions is based on the units given in the syllabus thus
providing an equal weightage to all the sections.
o Questions incorporated in the question bank are based on the experience of the
teaching faculty and the previous year’s question papers.
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SAC/Department of Commerce
Subject
Topics
(A) Financial Accounting 1)Objective Type Questions
(B) Business Law
(C) Micro Economics
Page No.
6-14
2)Short Answer Type Questions
16
3)Long Answer Type Questions
26
4)Keys
49
1)Objective Type Questions
51-59
2)Short Answer Type Questions
61
3)Long Answer Type Questions
66
4)Keys
71
1)Objective Type Questions
73-81
2)Short Answer Type Questions
83
3)Long Answer Type Questions
89
4)Keys
94
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SAC/Department of Commerce
Financial Accounting
SECTION A
OBJECTIVE TYPE QUESTIONs
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SAC/Department of Commerce
Section –A
A. Objective Type Questions
"
(I) Multiple Choice Questions:
Q.1
Correct stages of double entry system is:
(a)
Journal, summary, classification
(b)
Journal, classification, summary
(c)
Classification, journal, summary
(d)
Summary, classification, journal
nksgjk ys[kk iz.kkyh ds lgh pj.k gSa &
(v½ tuZy] lkjka'k] oxhZdj.k
(c½oxhZdj.k] tuZy] lkjka'k
(l½ tuZy] oxhZdj.k] lkjka'k
(n½lkjka'k] oxhZdj.k] tuZy
Q.2
Account which represents owner of the business is:
(a)
Drawing A/C
(b)
Creditors A/C
(c )
Furniture A/C
(d)
Sales A/C
[kkrk tks O;kikj ds Lokeh dk izfrfuf/kRo djrk gS &
(v½ vkgj.k [kkrk
(c½
ysunkj [kkrk
(l½ miLdj [kkrk
(n½ foØ; [kkrk
Q.3
Drawing A/c will be effected on paid off:
(a)
Sales tax
(b)
Excise duty
(c)
Income Tax
(d)
None of the above
Hkqxrku djus ij vkgj.k [kkrk izHkkfor gksxk &
(v½ foØ; dj
(c½
mRiknu dj
(l½ vk;dj
(n½ buesa ls dksbZ ugha
Q.4
The debit balance of personal account shows:
(a)
Amount payable
(b)
Amount receivable
(c)
Cash in hand
(d)
Bills receivable
O;fDrxr [kkrs dk MsfcV 'ks"k crkrk gS &
(v½ ns; jkf'k
(c½
izkI; jkf'k
(l½ gkFk esa jksdM+
(n½ izkI; foi=
Q.5
Discount allowed 769. In the trial balance this is to be shown in the:
(a)
Debit side
(b) Credit side
(c)
Both of them
(d) none of them
cV~Vk fn;k 769
(v½ uke i{k
ryiV esa bls fuEukafdr i{k esa fn[kk;k tkrk gS &
(c½
tek i{k
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SAC/Department of Commerce
(l½
Q.6
nksuksa esa
(n½
nksuksa esa ugha
Wages paid on the erection of new machinery should be debited to:
(a)
Cash A/c
(b)
Wages A/c
(c)
Machinery A/c
(d)
Prepaid wages A/c
ubZ e'khu ds foLrkj ij nh xbZ etnwjh dks uke fd;k tkrk gS &
(v½ jksdM+ [kkrk
(c½
etnwjh [kkrk
(l½ e'khujh [kkrk
(n½ iwoZnRRk etnwjh [kkrk
Q.7
Interest is debited to assets account in:
(a)
Annuity method
(b) Depreciation fund method
(c)
Written down value method (d) all of these
C;kt dks lEifRr [kkrs ds fodyu (MsfcV½ esa fy[kk tkrk gS &
(v½ okf"kZdh fof/k esa
(c½
gzkl dks"k fof/k esa
(l½ Øekxr gzkl i)fr
(n½ buesa ls lHkh esa
Q.8
Q.9
Q.10
Stock is:
(a)
Fixed asset
(c)
Liquid assets
(b)
(d)
Current asset
Tangible assets
jgfr;k gS &
(v½ LFkk;h lEifRr
(l½ rjy lEifRr
(c½
(n½
py lEifRr
vewRkZ lEifRr
Unaccrued Income is:
(a)
A liability
(c)
An expense
(b)
(d)
An asset
None of these
vuqikftZr vk; gS &
(v½ ,d nkf;Ro
(l½ ,d O;;
(c½
(n½
,d lEifRr
buesa ls dksbZ ugha
In diminishing balance method, depreciation is calculated on:
(a)
Opening balance
(b)
Written down value
(c)
Market Price
(d)
Original cost
Øekxr 'ks"k i)fr esa gzkl dh x.kuk dh tkrh gS &
(v½ izkjafHkd 'ks"k ij
(c½
?kVs gq, ewY; ij
(l½ cktkj ewY; ij
(n½ ewy ykxr ij
Q.11
It is given that the list price is Cost+100% and that the invoice price is 10% less
than the list price. It means that:
(a)
Invoice price = cost+60%
(b)
Invoice price = cost+80%
(c)
Invoice price+cost+90%
(d)
Invoice price+10%
;g fn;k x;k gS fd lwph ewY; =ykxr $ 100% rFkk chtd ewY; ls 10% de gSA
bldk rkRi;Z gS &
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SAC/Department of Commerce
(v½
(l½
Q.12
chtd ewY; = ykxr $ 60% (c½
chtd ewY; $ykxr $ 90% (n½
chtd ewY; =ykxr $ 80%
chtd ewY; $ 10%
Which of the following item is not shown in memorandum stock account?
(a)
Opening stock
(b)
Cash sales
(c)
Credit sales
(d)
Bad debts
fuEukafdr esa ls dkSu lh en Lekjd Lda/k [kkrs esa 'kkfey ugha gksrh &
(v½ izkjafHkd Lda/k
(c½
udn foØ;
(l½ m/kkj foØ;
(n½ v'kks/; _.k
Q.13
If the rate of gross profit for department Y is 20% of the cost and its sales amount
to 1, 08,000 then the cost price will be(a)
86,400
(b)
90,000
(c)
1, 00,000
(d)
98,000
;fn Y foHkkx ds ldy ykHkk dh nj ykxr ewY; ij 20% gS rFkk foØ; 1,08,000
dk gS rks bldh ykxr gksrh &
(v½ 86]400
(l½ 1]00]000
Q.14
(c½
(n½
90]000
98]000
Which of these is not included in Branch Debtor‟s account?
(a)
Cash sales
(b)
Credit sales
(c)
Sales returns
(d)
Bad debts
fuEukafdr esa ls D;k 'kk[kk nsunkj [kkrs esa 'kkfey ugha gksrk gS &
(v½ udn foØ;
(c½
m/kkj foØ;
(l½ foØ; okilh
(n½ v'kks/; _.k
Q.15 The ratio of gross profit of three departments of Ishan‟s business is same. The
sales ratio of these departments is 2:3:4 then the cost ratio of these departments is:
(a)
4:3:2
(b)
1:1:1
(c)
½:3/4:1
(d)
3:4:5
bZ'kku ds O;olk; ds rhu foHkkxksa esa ldy ykHk dh nj leku gS] mu foHkkxksa esa foØ;
vuqikr 2%3%4 gS vr% bu foHkkxksa dh ykxr dk vuqikr gksxk &
(v½ 4%3%2
(c½
1%1%1
(l½ ½:3/4:1
(n½ 3%4%5
Q.16
The balance of royalty receivable account is transferred to(a)
P&L A/c
(b)
Production A/c
(c)
Royalty suspense account
(d)
Bank A/c
izkI; vf/kdkj 'kqYd ys[ks dk 'ks"k LFkkukarfjr fd;k tkrk gS &
(v½ ykHk&gkfu ys[kk
(c½
mRiknu ys[kk
(l½ vf/kdkj 'kqYd mpar ys[kk
(n½ cSad [kkrk
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SAC/Department of Commerce
Q.17 In case of Presidency Town insolvency act, rent due to landlord is included in
preferential creditors(a)
Only for one month
(b)
Total
(c)
Only for 6 months
(d)
Only for 2 months
egkuxjh; fnokyk vf/kfu;e dh n'kk esa Hkw&Lokeh dk ns; fdjk;k iwokZf/kdkj ysunkj esa
'kkfey gksrk gS &
(v½ flQZ ,d ekg dk
(c½
lEiw.kZ
(l½ flQZ 6 ekg dk
(n½ flQZ 2 ekg dk
Q.18
Profits of previous years are shown:
(a)On the debit side of Deficiency A/c
(b)On the credit side of Deficiency A/c
(c)On the liabilities side of statement of affairs
(d)In Balance Sheet
xr o"kksZa ds ykHkksa dks izdV fd;k tkrk gS &
(v½ ghurk ys[ks ds fodyu i{k esa
(c½
ghurk ys[ks ds lekdyu i{k esa
(l½ voLFkk fooj.k ds nkf;Ro i{k esa
(n½ fpV~Bs esa
Q.19
Royalty earned by the lessee is credited to:
(a)
Sub lease account
(b)
P/L account
(c)
Royalty account
(d)
Lessee account
iV~Vsnkj }kjk dek, x, vf/kdkj 'kqYd dh jkf'k ls lekdfyr fd;k tkrk gS
(v½ mi&iV~Vk [kkrk
(c½
ykHk&gkfu ys[kk
(l½ izkI; vf/kdkj 'kqYd ys[kk
(n½
iV~Vsnkj dk [kkrk
Q.20
In the books of lessee, balance of Shortworking A/c shows:
(a)
Debit balance
(b)
Credit balance
(c)
None of these
(d)
Either debit or credit
iV~Vsnkj dh iqLrdksa esa y?kqdk;Z [kkrs dk 'ks"k iznf'kZr gksrk gS &
(v½ fodyu esa
(c½
lekdyu esa
(l½ mi;qZDr esa ls dksbZ ugha
(n½
fodyu ;k lekdyu esa
Q.21
Depreciation fund, at the admission of a partner is:
(a)
Transferred to the capital A/c of the partners
(b)
Transferred to revaluation A/c
(c)
Not to be transferred anywhere
(d)
Transferred to profit and loss account
lk>snkj ds izos'k ds le; gzkl dks"k &
(v½ lk>snkjksa dh iw¡th [kkrs esa LFkkukarfjr dj fn;k tkrk gS
(c½
iquewZY;kadu [kkrs esa LFkkukarfjr fd;k tkrk gS
(l½ dgha Hkh LFkkukarfjr ugha fd;k tkrk gS
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SAC/Department of Commerce
(n½
Q.22
ykHk gkfu [kkrs esa LFkkukarfjr fd;k tkrk gS
All accumulated losses are transferred to the capital accounts of the partners in:
(a)
Old profit sharing ratio
(b)
New profit sharing ratio
(c)
Gaining ratio
(d)
Sacrificing ratio
leLr lafpr gkfu;ksa dks lk>snkjh ds iw¡th ys[ks esa varfjr fd;k tkrk gS &
(v½ iqjkus ykHk caVu vuqikr esAa
(c½
u;s ykHk caVu vuqikr esAa
(l½ vf/kdkj izkIr vuqikr esaA
(n½ vf/kdkj R;kx vuqikr esAa
Q.23
The balance left in the capital accounts on dissolution of a firm is transferred to:
(a)
Realization A/c
(b)
Revaluation A/c
(c)
Bank A/c
(d)
Capital A/c
QeZ lekiu ij iw¡th [kkrs dk cpr 'ks"k vUrfje fd;k tkrk gS &
(v½ olwyh [kkrs esaA
(c½
cSad [kkrkA
(l½ ykHk&gkfu ys[kkA
(n½ iw¡th [kkrs esaA
Q.24
According to the decision of Garner Vs. Murray rule, the loss due to insolvency of
a partner is to be shared by solvent partners in the:
(a)
Capital ratio
(b)
Profit sharing ratio
(c)
Old ratio
(d)
Gaining ratio
xkuZj cuke ejsZ fu;e ds vuqlkj fdlh lk>snkj ds fnokfy;k gksus ls mRiUu gkfu dks
'kks/k{kE; lk>snkj ogu djrs gSa &
(v½ iw¡th vuqikr esAa
(c½
ykHk cavu vuqikr esaA
(l½ cjkcj vuqikr esAa
(n½ vf/kdkj izkIr vuqikr esAa
Q.25
In case of retirement of a partner, the amount of full goodwill is credited to the
accounts of:
(a)
Only retiring partner
(b)
All partners
(c)
Remaining partners
(d)
Gaining partner
fdlh lk>snkj ds vodk'k xzg.k dh fLFkfr esa fuEukafdr ds [kkrs esa lEiw.kZ [;kfr dh
jkf'k lekdfyr (Cr.) dh tkrh gS &
(v½ dsoy vodk'k xzg.k djus okys lk>snkjA
(c½
lHkh lk>snkjA
(l½ 'ks"k HkkxhnkjA
(n½ vf/kdkj izkIr lk>snkj
(II)
Fill in the blanks:
Q.26
Bad debts is a.................... expense.
v'kks/; _.k ------------------------------ O;; gSA
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SAC/Department of Commerce
Q.27
The amount of depreciation charged on furniture will be debited to ............
account.
QuhZpj ij pktZ fd, x, gzkl ls --------------------- [kkrk fodfyr fd;k tk,xkA
Q.28
Cash discount appears on the .................. side of debtor's account.
udn cV~Vs dh jkf'k dks nsunkj ds [kkrs ds -------------- i{k dh vksj fn[kk;k tkrk gSaA
Q.29
Debit balance of nominal a/c represents .......................... .
ukeek= [kkrs dk ukes 'ks"k ----------------------- fn[kkrk gSA
Q.30
Difference in balances of Trial Balance is shown in the .................... account.
ryiV ds 'ks"kksa ds varj dks ----------------------- [kkrs esa fn[kk;k tkrk gSA
Q.31
Unaccrued income is the income of ....................... year.
vuqikftZr vk; ------------------------ o"kZ dh vk; gSA
Q.32
Purchases + Opening stock – Closing stock = ...................... .
Ø; $ izkjafHkd jgfr;k & vafre jgfr;k = ------------------------- -
Q.33
Unaccrued income is shown on the ................ side of the Balance sheet.
vuqikftZr vk; dks vkfFkZd fpV~Bk ds ---------------------- i{k esa fn[kk;k tkrk gSA
Q.34
Temporary rise or fall in price of an asset is called ........................ .
lEifRr ds ewY; esa vLFkk;h o`f) ;k deh dks ----------------------- dgrs gSaA
Q.35
Amount of depreciation reduces every year under ................. method.
izfr o"kZ gzkl dh jkf'k ----------------------- i)fr esa ?kVrh gSA
Q.36
Branch stock account is always prepared at ................... price.
'kk[kk Lda/k ys[kk ges'kk ----------------------- ewY; ij gh rS;kj fd;k tkrk gSA
Q.37
While converting the trial balance of a foreign branch, debtors is converted at
the .............. rate.
,d fons'kh 'kk[kk ds ryiV dks ifjofrZr djrs le;] nsunkjksa dks ------------------- nj ij
ifjofrZr fd;k tkrk gSA
Q.38
Rent is allocated to the different departments on the basis of ................. .
fofHkUu foHkkxksa dk fdjk;k dk foHkktu ------------------------ ds vk/kkj ij fd;k tkrk gSA
Q.39
Income tax is allocated to the various departments in the ratio of ................... .
vk;dj dk c¡Vokjk fofHkUu foHkkxksa esa muds ---------------------- ds vuqikr esa fd;k tkrk gSA
Q.40
If the a gross profit margin is the same for the various departments, there will be
no difference in the ratio of ....................... and .................... .
11
SAC/Department of Commerce
;fn fofHkUu foHkkxksa ds ldy ykHk dh nj leku gks rks mu foHkkxksa ds -----------------vuqikr rFkk ----------------------------- ds vuqikr esa dksbZ varj ugha gksxkA
Q.41
If royalty is less than minimum rent the balance is called ................... .
;fn U;wure fdjk;s ls vf/kdkj 'kqYd de gksrk gS rks varj dh jkf'k -----------------dgykrh gSA
Q.42
When short working is recouped, the landlord credits ................... .
tc y?kqdk;Z dh olwyh gksrh gS] iV~Vknkrk lekdfyr djrk gS ---------------------Q.43
Minimum rent – Royalty = ....................... .
U;wure fdjk;k & vf/kdkj 'kqYd = ---------------------------
Q.44
Due income tax is included in ................... creditors.
ns; vk;dj ----------------------- ysunkjksa esa 'kkfey fd;k tkrk gSA
Q.45
Profits of previous years are shown on the credit side of ...................A/c.
xr o"kksZa ds ykHkksa dks izdV fd;k tkrk gS ---------------------- ys[ks ds lekdyu i{k esAa
Q.46
A New Partner may be admitted to a partnership with the consent of .............. .
fdlh lk>snkjh esa --------------------- dh lgefr ls u;s lk>snkj dks izo's k fn;k tk ldrk gSA
Q.47
When goodwill is to be raised in the books at the time of retirement of a partner
then the capital accounts of .................. are to the credited.
,d lk>snkj ds vodk'k xzg.k ds le;] tc [;kfr ys[kk [kksyk tkrk gS rks ------------------Lkk>snkjksa ds iw¡th ys[ks lekdfyr fd;s tkrs gSaA
Q.48
The amount due to retiring partner if not paid immediately is transferred to ..........
fdlh vodk'k xzg.k djus okys lk>snkj ds ns; jkf'k dk] ;fn rqjar Hkqxrku ugha fd;k
tkrk gS rks mls ----------------------- dks varfjr dj nsrs gSaA
Q.49
The debit balance of profit & loss A/c is transferred to ................. account(s) at
the time of dissolution of a firm.
QeZ ds lekiu ds le; ykHkgkfu ys[ks dk fodyu vkf/kD; (uke 'ks"k½ -------------------- [kkrs
esa varfjr fd;k tkrk gSA
Q.50
If an unrecorded liability is paid at the time of dissolution of a firm, the same is to
be ................... to realization a/c
QeZ ds lekiu ds le; ;fn dksbZ vfyf[kr nkf;Ro dk Hkqxrku fd;k tkrk gS rks bls
olwyh [kkrs esa --------------------- fd;k tkrk gSA
(III)
True/false:
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SAC/Department of Commerce
Q.51
Debit & credit are two preliminary accounts.
MsfcV vkSj ØsfMV nks izkFkfed [kkrs gSaA
Q.52
Double Entry System is an economic system of accounting.
nksgjk ys[kk i)fr ys[kkadu dh ,d lLrh i)fr gSA
Q.53
Life Insurance Premium is a trade expense.
thou chek izhfe;e ,d O;kikfjd O;; gSA
Q.54
Loan a/c is not a real a/c.
_.k [kkrk ,d okLrfod [kkrk ugha gSA
Q.55
Compound Journal entry is posted to not more than two accounts.
fefJr jkstukepk izfof"V dks nks ls vf/kd [kkrksa esa ugha [krk;k tkrk gSA
Q.56
Outstanding salary, appearing in the trial balance is shown in the balance sheet
only.
ryiV esa iznf'kZr vnRr osru dks dsoy vkfFkZd fpV~Bk esa fn[kkrs gSaA
Q.57
Wages paid for erection of new machinery are debited to wages account.
ubZ e'khu ds foLrkj ij nh xbZ etnwjh [kkrs esa fodfyr fd;k tkrk gSA
Q.58
The expression depreciation is to be charged at 5% and 5% p.a. carry the same
meaning.
gzkl pktZ djus ds fy, 5% rFkk 5% izfr o"kZ leku vFkZ j[krs gSaA
Q.59
Depreciation is a charge on profit.
gzkl ykHk ij ,d izHkkj gksrk gSA
Q.60
Temporary rise or fall in the price of an asset is called obsolescence.
lEifRr;ksa ds ewY; esa vLFkk;h o`f) ;k deh dks vizpyu dgrs gSaA
Q.61
Bad debts are not shown in the Branch A/c.
'kk[kk [kkrs esa v'kks/; _.kksa dks ugha fn[kk;k tkrk gSA
Q.62
While converting the trial balance of a foreign branch, opening stock is converted
at the closing rate.
,d fons'kh 'kk[kk ds ryiV dks ifjofrZr djrs le;] izkjafHkd LVkWd dks vafre nj ls
ifjofrZr fd;k tkrk gSA
Q.63
Depreciation on plant is divided equally between the different plants.
IykUV ij gzkl dks fofHkUu foHkkxksa ds e/; cjkcj&cjkcj ck¡Vk tkrk gSA
Q.64
Salary of travelling salesman should be divided in the ratio of sales.
13
SAC/Department of Commerce
;k=h foØsrk dk osru foØ; ds vuqikr esa foHkkftr fd;k tkuk pkfg,A
Q.65
Insurance expenses are divided in the ratio of opening stock.
chek O;; dks izkjafHkd Lda/k ds vuqikr esa foHkkftr fd;k tkrk gSA
Q.66
Shortworking = Minimum Rent – Royalty.
y?kqdk;Z = U;wure fdj;k & vf/kdkj 'kqYd
Q.67
At the time of payment of royalty, lessee debits Royatly account.
vf/kdkj 'kqYd dk Hkqxrku djrs le; iV~Vsnkj vf/kdkj 'kqYd ys[kk fodfyr djrk gSA
Q.68
A person refusing to discharge a debt of
,d O;fDr ;fn
dgk tk,xkA
Q.69
200 is said to be insolvent.
200 ds vius _.k dks pqdkus ls badkj djrk gS rks og fnokfy;k
Any increase in the liability is a loss to insolvent.
nkf;Ro esa fdlh izdkj dh o`f) fnokfy;k ds fy, gkfu gksrh gSA
Q.70
Wages are outstanding to the extent of 500 in Delhi in respect of a worker.
Hence, the amount to be included in unsecured creditors will be
400.
fnYyh ds ,d etnwj dh vnRr etnwjh
okyh jkf'k gksxh 400A
Q.71
500 gS rks vkjf{kr ysunkjksa esa 'kkfey gksus
Revaluation account is a real account.
iquewZY;kadu [kkrk ,d okLrfod [kkrk gSA
Q.72
A new partner may be admitted to a partnership with the consent of any one
partner.
fdlh lk>snkjh QeZ esa lk>snkjksa esa ls fdlh ,d lk>snkj dks lgefr ls ,d u;s
lk>snkj dks izos'k fn;k tk ldrk gSA
Q.73
Joint Life Policy reserve is in the nature of accumulated profit.
la;qDr thou chek ikWfylh lafpfr] lafpr ykHk ds LoHkko dh gksrh gSA
Q.74
The expenses of realisation are credited to realisation account.
olwyh ds O;;ksa dks olwyh [kkrs esa lekdfyr (Cr½ fd;k tkrk gSA
Q.75
Generally the firm is dissolved when the partner becomes insolvent.
lkekU;r% ,d QeZ fo?kfVr gks tkrh gS tc dksbZ lk>snkj fnokfy;k gks tkrk gSA
14
SAC/Department of Commerce
Financial Accounting
SECTION B
SHORT ANSWER TYPE QUESTIONs
15
SAC/Department of Commerce
B.Short Answer Type Questions
Q.1
What are the different system of Book-Keeping and Accountancy?
iqLrikyu ,oa ys[kkdeZ dh fofHkUu i/nfr;kaW dkSu&dkSu lh gSa \
Q.2
Journalize the Following transactions in the books of Shri Anil Madawat of
Sanawad.
Purchase good form Neha for cash 300
Goods purchased on credit form Anu 800
Manu return‟s goods worth 100.
Wages paid to Babulal 75.
200 using by Gurbej written off as bad debts.
Paid carriage for 20
Paid Insurance premium 60.
Good‟s return to Anu 30.
Lkukon ds Jh vfuy enkor dh iqLrdks aes iath izfof"V;kaW dhft,A
Uksgk ls uxn eky [kjhnk 300
vuq ls m/kkj eky [kjhnk 800 euq us 100 dk eky okil fd;k
ckcwyky dks etnwjh nh 75
xqjcst ds 200 Mwcr _.k ds :i es v
a iysf[kr fd;s
Ø; ij HkkM+k fn;k 20
chek izC;kth pqdkbZ 60
vuq dks eky ykSVk;k 30
Q.3
What is ledger? Distinguish between ledger and journal.
[kkrk cgh D;k gS\ tuZy rFkk [kkrkcgh es varj crkb,A
Q.4
What do you understand by Double Entry System? Explain.
nksgjk ys[kk i)fr ls vki D;k le>rs gS\ aLi"V dhft, A
Q.5
Write the advantages and disadvantages of Double Entry System?
nksgjk ys[kk i)fr ds ykHk ,oa nks"k fyf[k;sA
Q.6
On 1st April 2009 the position of shri Devendra Solanki was as follows-
1 viSzy] 2009 dk Jh nsosUnz lksyadh dh fLFkfr fuEukuqlkj Fkh&
Goods in stock Ekky dk LVkWd
Cash in hand udnh jksdM+
Cash at bank cSad esa jksdM+
16
2000
6800
4200
SAC/Department of Commerce
Building Hkou
Sunil has to paylquhy ls ysuk gS
Devendra gives to Ramesh
6000
4000
5000
nsosUnz dks jes’k dks nsuk gS
Calculate the balance of capital and give one complete opening entry.
Ikwath dh ckdh fudkfy;s rFkk ,d iw.kZ izkjfEHkd izfof"V nhft,A
Q.7
Is trial balance a conclusite proof of accuracy of ledger?
D;k ryiV [kkrkcgh dh ’kq)rk dk vpwd izek.k gS \
Q.8
What do you understand by closing an account? Discuss the procedure for
balancing and closing an account.
fdlh [kkrs dks can djus ls vki d;k le>rs gSA fdlh [kkrs ds ’ks"k fudkyus vkSj mls
cUn djus dk rjhdk crkb,A
Q.9
Prepare correct Trial Balance from the following incorrect Trial balance of Shri
B.P. Agrawal:
Jh ch-ih- vxzoky ds fuEukafdr xyr ryiV ls lgh ryiV cukb;s %
Particulars fooj.k
(Dr.) fodyu
(Cr.)lekdyu
Cost of goods soldfcØh eky dh ykxr
Closing stock vfUre Lda/k
Debtors nsunkj
Creditors ysunkj
Fixed AssetsLFkk;h laifRr;kaW
Opening Stock izkjafEHkd Lda/k
Sundry Expences fofo/k O;;
Sales foØ;
Capital iwt
a h
Return inwords vkUrfjd okilh
Carriage on sales fodz; ij HkkM+k
50,000
5,600
--
30,000
12,000
90,000
36,000
8,600
--15,500
2,300
Q.10 What are the methods for preparation of Trial Balance?
ryiV cukus dh dkSu&dkSu lh fof/k;ka gSA
Q.11
Distinguish between Trading account and Profit and loss account.
O;kikj [kkrk rFkk ykHkgkfu [kkrk esa vUrj dhft, A
Q.12 Distinguish between Profit and loss account and balance sheet.
ykHkgkfu [kkrk vkSj fpÎk esa vUrj dhft, A
Q.13 What do you mean by adjustment?
17
------80,000
1,10,000
---
SAC/Department of Commerce
lek;kstu ls vki D;k leÖkrs gSa \
Q.14 Every adjustment have at least two effect .Why?
izR;sd lek;kstu ds de ls de nks izHkko D;ksa aiM+rs gSa \ D;ksa
Q.15 On 1st April 2004 „A‟ purchased a plant costing of 40,000 ,the estimated working
life of which was 10 years .in beginning of second and third year, new plant were
purchased for
4,000and .2,500 respectively prepare plant account for three
years if depreciation is written off according to straight line method@10% per
annum. Accounts are closed on 31st march every year.
1 vizSy( 2004 dks , us 40]000 dh ykxr dk ,d la;U= £jhnk ftldk vuqekfur
dk;Z’khy thou 10 o"kZ Fkk A nwljs vkSj rhljs o"kZ ds vkjEHk esa Øe’k% 4]000 vkSj
2]500 ds u;s la;U= Ø; fd;s x;s A rhu o"kksZa ds fy, la;U= [kkrk cukb, ] ;fn ljy
js[kk i)fr ds vuqlkj 10 % okf"kZd dh nj ls gzkl vifyf[kr fd;k tkrk gS A [kkrs
izfro"kZ 31 ekpZ dks cUn gksrs gSa A
Q.16 What is meant by depreciation? Explain any five methods of charging depreciation.
ewY; gzkl ls vkidk D;k vk’k; gS \ ewY; gzkl x.kuk dh ikp¡ fofèk;ksa dks leÖkkb;sA
Q.17 What is depreciation? Why is arrangement for depreciation necessary?
gzkl D;k gS \ gzkl ds fy, izcUèk djuk D;ksa vko’;d gS \
Q.18 Distinguish between Fixed Installation Method and Written Down Value Method.
LFkk;h fdLr i)fr rFkk Øekxr ’ks"k i)fr esa vUrj dhft, A
Q.19 On 31st march 2010, wages .6, 600 and rent 10,000 appears at the debit side of
the trial balance of trader and according to the information given below the trial
balance wages of .400 was outstanding and rent
2,000 was pre-paid. Pass
necessary adjustment entries in the journal of trader and prepare necessary accounts
in ledger and make adjustments in final accounts.
31 ekpZ ]2010 dks ,d O;kikjh dh ryiV ds MsfcV i{k esa etnwjh 6]600 rFkk fdjk;k
10]000 iznf’Zkr fd;k x;k gS rFkk ryiV ds uhps nh x;h lwpuk ds vuqlkj etnwjh
ds 400 vnRr Fks rFkk fdjk;s ds 2]000 iwoZnRr FksAbl lwpuk ls O;kikjh dh tuZy esa
lek;kstu izfof"V;k¡ dhft, rFkk mldh [kkrkcgh esa vko’;d [kkrs rS;kj dj mldk
vfUre [kkrksa esa lek;kstu dhft,A
Q.20 From the following balance of vibha and company prepare trial balance and final
accounts as 31stmarch ,2010 capital .3,50,000;building
.1,97,500;machinery
.92,500;debtors Rs70,000;general expenses
8,000; rent paid ;37,100; drawings
6,500 ;electricity expenses
1,900; carriage inwards
8,500;cash at bank
30,000; returns outwards
11,100; discount (dr.) 2,000 stock on 1stApril
2009 .
18
SAC/Department of Commerce
1,65,000;bills paybale
50,000; sales 6,35,000; purchases 4,58,500;wages
Rs25,00;cash in handRs 18,000;sundry creditors
1,00,000;return inwards
4,500; stock on 31st march ,2010
1,82,100.
foHkk ,.M dEiuh ds fuEukafdr ’ks"kksa ls 31 ekpZ( 2010 dks ryiV ,oa vfUre [kkrs rS;kj
dhft,A
iwt
a h&
3]50]000( Hkou; 1]97]500( e’khujh
92]500 ( nsunkj 70]000 lkekU;
O;;
8]000 fdjk;k fn;k
37]100( vkgj.k
6]500 (fo|qr O;; 1900( vkod
xkM+h HkkM+k 8]500( cSad esa jksdM+ #30]000( cká okifl;k¡ 1]100( osru 11]100( cÍk
MsfcV 2]000( LdUËk 1 vizSy 2009 dks 1]65]000( ns; foi=
50]000( foØ;
6]35]000( Ø;
4]58]500(etnwjh
25]000( gkFk esa jksdM+ 18]000( fofoËk ysunkj
1]00]000(vkarfjd okifl;k¡ 4]500( LdUËk 31 ekpZ ]2010 dks
1]82]100A
Q.21 State the different types of branches.
’kk[kkvksa ds fofHkUu izdkj crkb,A
Q.22 Distinguish between branch accounts and departmental accounts?
’kk[kk ys[ks ,oa foHkkxh; ys[ks esa vUrj crkb,A
Q.23Prepare Branch account in the Head Office books from the following particulars of
Branch:
eq[; dk;kZy; dh iqLrdksa esa ’kk[kk esa lEcafU/kr fuEukafdr fooj.k ds vk/kkj ij ’kk[kk
[kkrk cukb,%
’kk[kk dks eky Hkstk (Goods sent to Branch)
2,00,000
’kk[kk dks jksdM+ Hksth fuEukafdr ds fy, (Cash sent to Branch for the following)
fdjk;k (Rent)
1,000
etnwjh (Wages)
500
osru (Salaries)
2,000
vU; O;; (Other Expenses)
1,500
vfUre jgfr;k (Closing Stock)
30,000
udn fcØh eq[; dk;kZy; Hksth x;h (Cash sales remitted to H.O.)
2,30,000
Q.24
Distinguish between Branch Accounts and Departmental Accounts?
’kk[kk ys[ks ,oa foHkkxh; ys[ks esa vUrj crkb,A
Q.25
Describe the objects of Departmental Accounts?
foHkkxh; [kkrksa ds mn~ns’;ksa dks crkb;sA
Q.26
Give the specimen of branch account.
’kk[kk ys[kk dk izk+:Ik nhft, A
Q.27
What is stock and debtors method?
LVkWd ,oa nsunkj iz.kkyh D;k gS \
19
SAC/Department of Commerce
Q.28
What is the impact of inter-departments transactions on trading and profit and loss
account?
vUrj foHkkxh; O;ogkjksa dk O;kikj ,oa ykHk gkfu ys[ks ij D;k izHkko iM+rk gS\
Q.29
The Bombay textiles ltd. opened a branch at Raigarh on 1st Jan. 2007. From the
following particulars prepare Raigarh Branch Account for the year 2007 and
2008-
ckWEcs VsDlVby dEiuh fyfeVsM us 1 tuojh 2007 dks viuh ,d ’kk[kk jk;x<+ esa
[kksyhA fuEu fooj.kksa ls o"kZ 2007 ,oa 2008 ds fy, jk;x<+ ’kk[kk [kkrk [kksfy,sA
jk;x<+ dks eky Hkstk (Goods sent to Raigarh)
’kk[kk dks jksdM+ Hksth(cash sent to branch for):
fdjk;k(rent)
osru (salaries)
vU; O;; (Other expenses)
’kk[kk ls izkIr jksdM+ (Cash recorded from Branch)
31 fnlEcj dks LVkWd (Stock on 31st Dec.)
31 fnlEcj dks [kqnjk jksdM+ (Petty cash on 31st Dec.)
Q.30
2007
2008
45,000
1,35,000
6,000
4,800
2,000
70,000
7,000
120
6,000
6,800
3,000
1,60,000
26,000
260
Gyan Chandra the proprietor of a departmental store containing x, y, and z
departments decided to compute separate profit for the month of March 2008.
Stock of departments could not valued at the end of the month but the % of gross
profits on sales for respective departments are 40%, 30% and 20% the following
informations.
Kku panz tks ,d foHkkxh; LVksj dk Lokeh gS ftlesa x,y o z rhu foHkkx gSaA 2008 esa
ekpZ ekg ds fy, i`Fkd~ i`Fkd~ foHkkxkas ds ykHk dh x.kuk djuh gSA foHkkxksa dk ekg ds
var esa Lda/k dk ewY;kadu ugha fd;k tk ldk ysfud izR;sd foHkkx ds ldy ykHk
dze’k% 40% 30% ,oa 20% gSaA fuEu lwpuk,a nh xbZ gSa%
foHkkx (Departments)
X()
1 ekpZ 2008 dks jgfr;k (Stock on 1st march,2008) 9,00
osru (salary)
5,40
dz; (Purchases)
2,700
fodz; (Sales)
4,200
Y( )
Z( )
8,40
1,200
8,52
1,222
2,100
9,000
3,600
10,200
Indirect expenses for whole business of all departments are . 1080 out of this 1/6
of the whole are to be divided in all the three departments in proportion 3:1:1
respectively and the balance of Indirect Expenses to be charged in proportion to
department sales. Prepare departmental Trading Profit and loss A/c separately.
lEiw.kZ O;olk; ds fy, vizR;{k O;; rhuksa foHkkxksa dk 1080# gS ftudk 1@6 Hkkx
rhuksa foHkkxksa esa 3%1%1 esa foHkkftr djuk gS rFkk vizR;{k O;; foHkkxh; fodz; ds
20
SAC/Department of Commerce
vuqikr esa foHkkftr fd, tkrs gSaA foHkkxh; O;kikfjd o ykHk gkfu [kkrk i`Fkd~ i`Fkd~
rS;kj dhft,A
Q.31
A Company took a lease of a colliery on 1st January, 2006 at minimum rent of
9000 merging into a royalty of 50 paise per tonne with a power to recoup
shorworkings over the first three years of lease. The output of the colliery for the
first three years was 12000; 19000 and 21000 tonnes repectively. Draft the
necessary journal entries in the books of the company and show Shortworking;
Minimum Rent and Royalties Accounts.
,d dEiuh us 1 tuojh] 2006 dks ,d dksfy;jh iV~Vs dks 9000 U;wure fdjk;s dh
jkf’k ij fy;kA vf/kdkj&’kqYd 50 iSls izfr Vu Fkk ,oa y?kqdk;Z dh ol`yh dk
vf/kdkj iV~Vs dh izFke rhu o"kZ rd fn;k x;kA izFke rhu o"kksZa esa dksfy;jh ds
mRiknu Øe’k 12000] 19000 ,oa 21000 Vu FksA
Q.32
A Colliery took a coal mine on lease at a minimum rent of 7,500 p.a. Rate of
Royalty is 25 paise per tone. Each year‟s shortworkings can be recouped out of
royalty of next 3 years.
Years:
1
2
3
4
5
Production in tons
Nil
6,000
24,000
60,000
45,000
Prepare the Shortworking Accounts in the books of company for five years.
,d dks;ys dh dEiuh us 7500 izfr o"kZ U;wure fdjk;s ij ,d dks;ys dh [kku dks
iV~Vs ij fy;kA vf/kdkj&’kqYd dh jkf’k 25 iSls izfr Vu gSA izR;sd o"kZ ds y?kqdk;Z
dks mlds vxys rhu o"kZ ds vf/kdkj&’kqYd ds vkf/kD; ls vifyf[kr fd;k tk ldrk
gS &
o"kZ
1
2
3
4
5
mRiknu (Vu½ dqN ugha
6]000
24]000
60]000
45]000
dEiuh dh iqLrdksa esa 5 o"kkasZa ds fy, y?kqdk;Z [kkrk cukb,A
Q.33
What is the meaning of insolvent?
fnokfy;k dk D;k vk’k; gS\
Q.34
Differentiate between deficiency account and profit and loss account.
U;wUkrk [kkrs ,oa ykHk&gkfu [kkrs esa vUrj crkb,A
Q.35
Show how the secured creditors will be shown in the Statement of Affairs:
Creditors amounting to . 22,000 were given the first charge on the building
mortgaged with them 32,000. Creditors amounting to . 18,000 were given the
second charge on the above building subject to the maximum limit of 8,000.
Realisable value of building is . 30,400.
lqjf{kr ysunkjksa dks fLFkfr fooj.k esa fdl izdkj fn[kk;k tk,xk% 22]000 ds ysunkjksa
dks muds ikl j[ks gq, 32]000 ds cU/kd esa j[ks gq, Hkou ij olwyh dk vf/kdkj gSA
18]000 ds ysunkjksa dks mDr Hkou esa ls vf/kdre 8]000 dh lhek rd _.k olwyh
dk f}rh; izHkkj dk vf/kdkj gSA Hkou dk olwyh ewY; 30]400 gSA
21
SAC/Department of Commerce
Q.36
X has been declared insolvent on 1st April 2003. His creditor on this date as
follows:Trade creditor 60000; Income Tax 1500; Trade Tax 1000; salaries of
4 clerks for 2 months 2000; Wages of 2 labourers for 3 months .300; private
creditors 2000; months rent due to landlord 2000
Ascertain the amount due to preferential creditors and unsecured creditors
according to provincial Insolvency Act and president Towns Insolvency Act.
vizSy ] 2003 dks X fnokfy;k ?kksf"kr fd;k x;kA ml frfFk dks mlds fuEufyf[kr
ysunkj Fks %O;kikfjd ysunkj ] 60000 ] vk;dj 15000
O;kikj dj 1000 ] 4
fyidksa dks nks ekg dk osru 2000 ] 2 etnwjksa dh 3 ekg dh etnwjh 300 ]futh
ysunkj 2000 edku ekfyd dks 2 ekg dk fdjk;k 2000 A
izkUrh; fnokyk vf/kfu;e ,oa izslhMsUlh VkmUl nfokyk vf/kfu;e ds vUrxZr
iwokZf/kdkjh ysunkjksa ,oa vlqjf{kr ysunkjksa dh jkf’k fudkfy,A
Q.37
Distinguish between Shortworking and Royalty Reserves.
y?kqdk;Z vkSj vf/kdkj&’kqYd lafpfr esa vUrj crkb,A
Q.38
The Gaurav Coal Co. Ltd. took lease of a colliery on the basis of 25 P. per ton on
the coal raised subject to minimum rent of 1500 per year with the right of
recouping shortworking during the first four years of the lease. The quantities
raised were: 3000 tons in 1994; 3200 tons in 1995; 4500 tons in 1996; 5000 tons
in 1997. Open the Landlord Account in the books of Gaurav Coal Co. Ltd.
xkSjo dksy dEiuh fy- us ,d [kku dks iV~Vs ij fy;kA vf/kdkj&’kqYd dh jkf’k
fudkys gq, dks;ys ij 25 iSls izfr Vu gSA izfr o"kZ dk U;wure fdjk;k 1500 gSA
y?kqdk;Z dh jkf’k dks iV~Vs ds izFke pkj o"kksZa esa vifyf[kr fd;k tk ldrk gSA
fuEukafdr fudklh dh x;h% 1994 esa 3000 Vu] 1995 esa 3200 Vu] 1996 esa 4500 Vu]
1997 esa 5000 VuA xkSjo dEiuh dh iqLrdksa esa Hkw&Lokeh dk [kkrk cukb,A
Q.39
What is Statement of Affairs?
voLFkk fooj.k dk D;k vk’k; gS\
Q.40
The assets and liabilities of Mr. A on 31st March, 2001 as per books was
1,20,000 and
84,000 respectively. He filed his insolvency partition and
estimated his deficiency to be 34,000. Calculate his capital and amount to be
realized from the assets.
31 ekpZ 2001 dks A dh lEifRr;ka ,oa nkf;Ro Øe’k
1]20]000 ,oa 84]000
iqLrdksa ds vuqlkj FksA mlus vius fnokyk nkos esa vuqekfur U;wure 34]000
fn[kkbZA mldh iat
w h ,oa laifRr;ksa ls olwy gks ldus okyh jkf’k dh x.kuk dhft,A
Q.41
Explain the difference between profit and loss appropriation account and
revaluation.
ykHk&gkfu fu;kstu [kkrk ,oa iquewZY;kadu [kkrs ds vUrj dks Li"V dhft,A
Q.42
Goodwill is an intangible asset. Clarify this statement.
^^[;kfr ,d vewrZ lEifRr gS** bl dFku dks Li"V dhft,A
22
SAC/Department of Commerce
Q.43
Why and when revaluation account is opened.
iquewZY;kadu [kkrk D;ksa rFkk dc [kksyk tkrk gS\
Q.44
X and Y are partners in the firm. They share profit and loss in the ratio of 2:1.
Their capitals are
8000 and
4000 respectively. They admit R in the
partnership on the condition that he will bring . 3000 as goodwill and 5000 as
capital and will get 1/3 share in the profits of the firm. Assuming that goodwill
and capital have been brought in cash by the new partner, pass the necessary
journal entries and find out the new profit sharing ratios of the partners, when (a)
Goodwill is withdrawn by the old partners, and (b) Goodwill is retained in the
firm.
X vkSj Y QeZ esa lk>snkj gSaA os ykHkkykHk 2%1 ds vuqikr esa ckaVrs gSaA mudh iwt
a h
Øe’k 8]000 # vkSj 4]000 gSA mUgksaus R dks bl ’krZ ij QeZ esa lk>snkj cuk;k gS
fd og 3]000 [;kfr ds fy, vkSj 5]000 iwt
a h ds fy, yk,xk vkSj og QeZ ds ykHk
esa 1@3 Hkkx dk vf/kdkjh gksxkA ;g ekurs gq, fd u;k lk>snkj iwt
a h vkSj [;kfr
udn yk;k gS] tuZy ds ys[ks dhft, vkSj u, yHkkykHk vuqikr fudkfy, tcfd (a)
iqjkus lk>snkjksa us [;kfr dks fudky fy;kgS] (b) iqjkus lk>snkjksa us [;kfr dks jgus
fn;k gSA
Q.45
A and B share profits and losses in the ratio of 3:2 and as from 1st January 2009
they admit C into partners who is to have 1/10th share of the profit; with a
guaranteed minimum of 1500 per year. A and B continue to share profits
between themselves as before. The profits of the firm in respect of the year
10,000. Prepare profit and loss account for apportioning profit.
A vkSj B 3%2
1@10 Hkkx ds
dh xkj.Vh nh
o"kksaZ esa QeZ dk
Q.46
ds vuqikr esa ykHkykHk ckaVrs gSa vkSj 1 tuojh] 2009 ls C dks ykHk ds
fy, lk>snkj ’kkfey fd;k vkSj de ls de 1500 izfr o"kksaZ ds ykHk
xbZA A vkSj B ds ykHkkykHk dk vkilh vuqikr ogh jgk tks igys FkkA
ykHk 10]000 gqvkA ykHk ckaVus ds fy, ykHk&gkfu [kkrk cukb,A
The firm of A, B and C has existed for the last 5 years. Partners decide to raise
Goodwill Accpunt in their books at twice the average of last 5 years‟ profit. The
profit of last five years are as under:
A,B vkSj C dh QeZ fiNys 5 o"kksZa ls vfLrRo esa gSA lk>snkjksa us viuh cfg;ksa esa
fiNys 5 o"kksZa ds vkSlr ykHk ds nqxqus ds vk/kkj ij [;kfr [kkrk [kksyus dk fu.kZ;
fy;k gSA fiNys ikap o"kksZa dk ykHk fuEufyf[kr izdkj gSa%
o"kZ (Year)
o"kZ(Year)
I
II
III
gkfu (Loss)
20,000
15,000
5,000
IV
V
[;kfr dh x.kuk djsAa (Calculate goodwill).
23
5,000
10,000
SAC/Department of Commerce
Q.47
A and B are partners having profits and losses in the ratio of 3: 2. They admit C
into partnership for 1/4th share in profits. C brings 30, 000 as Capital and
10,000 as goodwill. New profit sharing ratio of all partners shall be 3: 3: 2 Pass
necessary journal entries.
A vkSj B 3:2 ds vuqikr esa ykHkksa vkSj gkfu;ksa dks ckaVrs gq, lk>snkjgSaA os C dks ykHk
ds 1@4 fgLls ds fy, lk>snkjh esa izos’k nsrsa gSaA C iwt
a h ds #i esa 30]000 rFkk
[;kfr ds #i esa 10]000
ykrk gSA lHkh lk>snkjksa dk u;k ykHk foHkktu vuqikr
3%3%2 gksxkA vko’;d jkstukepk izfof"V;kaW nhft,A
Q.48
Distinguish between „Sacrificing Ratio‟ and Gaining Ratio‟.
^R;kx vuqikr* rFkk ykHk&izkfIr vuqikr* esa vUrj crk;saA
Q.49
Distinguish between balance sheet and statement of affairs.
fpV~Bk vkSj fLFkfr fooj.k esa vUrj crkb,A
Q.50
P, Q and R are partners sharing profits in the ratio of 2: 1: 1. R retires. His share is
taken by P. Calculate new gaining ratio.
P, Q vkSj R 2: 1: 1. ds vuqikr esa ykHkksa dks ckaVrs gq, lk>snkj gSaA R vodk’k xzg.k
djrk gSA mldk iwjk fgLlk P ds }kjk ys fy;k tkrk gSA u;s ykHk&izkfIr vuqikr dh
x.kuk djsaA
24
SAC/Department of Commerce
Financial Accounting
SECTION C
LONG ANSWER TYPE
QUESTIONs
25
SAC/Department of Commerce
C.Long Answer Type Questions
Q1. Write history, meaning and importance of Book Keeping and Accountancy?
iqLrikyu ,oa ys[kkdeZ dk bfrgkl] vk’k; ,oa mn~ns’; fyf[k;sA
Q2. “Every debit entry has its corresponding credit entry and every credit entry has its
corresponding debit entry.” Prove this statement with Examples.
^^izR;sd MsfcV izfof"V dh ØsfMV izfof"V gksrh gS ,oa izR;sd dzsfMV izfof"V dh MsfcV
izfof"V gksrh gS A** bl dFku dh iqf"V mnkgj.k lfgr dhft;sA
Q3. What is meant by Double Entry System of Accountancy? Explain with example
the fundamental principle of double entry system. Discuss its merit and demerits.
nksgjk ys[kk iz.kkyh ls vki D;k le>rs gS\ bl iz.kkyh ds ewy fl)karksa dks mnkgj.k
nsdj le>kb;s vkSj mlds xq.k& nks"k crkb;sA
Q4. What do you understand by Journal? When Ledger is the Principal book, what is the
importance of Journal ?
tuZy ls vki D;k le>rs gS \ tc [kkrk cgh iz/kku iqLrd gS rks tuZy ds j[kus dk D;k
egRo gS \
Q5. Write the following transaction in the Journal of Ruchika General Stores. 2009
Jan:1:Bank passed loan of 1 lakh, out of this he purchased a shop for 60,000 and
furniture for 30,000 and paymen made through cheque.Jan: 5- Purchased goods of
40000 form Sudesh on 10% Trade Discount and 5 % cash discount and Cheque
issued. Jan: 10- Sold Goods of 32000 to Dinesh at 5 % trade discount chequed in
full payment is received after deducting of 20. For cash discount. Jan: 20Withdraw for personal use goods 2,000, cash . 4,500 and 4000 from Bank. Jan:
25- Bill of 2500 discounted dishonored the bill was accepted by Mr. Virendra
Thakur. Jan: 31 as per standing instructions the bank paid the expense Rent 4000
insurance premium 1800 and Electric bills 760. Interest charged 800 on loan.
fuEukafdr O;ogkjksa dks :fpdk tujy LVkslZ fd nSfud iath (tuZy esa fyf[k,
2009 tuojh 1 % cSad ls ,d yk[k :- dk _.k Loh—r djok;k ftlesa ls 60,000
dh
nqdku [kjhnh ,oa 30000 dk QuhZpj [kjhnk vkSj pSd ls Hkqxrku fd;kA
Tkuojh 5 % Jh lqns’k ls 10 % O;kikfjd NwV rFkk 5 izfr’kr jksdM+ dh ’krksZa ij /kukns’k
(pSd½ }kjk 40000 dk eky Ø; fd;kA Tkuojh 10 % Jh fnus’k dks 5 izfr’kr O;kikfjd
NwV ij 32000
dk eky foØ; fd;k] ftlds iw.kZ Hkqxrku esa 400 jksdM+ NwV nsus ds
ckn /kukns’k (pSd½ izkIr gqvkA Tkuojh 20 % futh iz;ksx ds fy, fudkys eky 20,000
udnh 4,500
cSad ls 4000 A Tkuojh 25 % cSd ls Hkquk;k x;k foi= 25000
vuknfjr gks x;kA ;g foi=] ohjsUnz Bkdqj ls izkIr gqvk FkkA Tkuojh 31 % cSad us LFkk;h
26
SAC/Department of Commerce
vkns’kkuqlkj fuEu O;; Hkqxrku fd;s fdjk;k 4000 - chek izhfe;e 1800
fcy 760 A _.k [kkrs ds ’ks"k ij 800 C;kt pktZ fd;sA
Q.6
- ,oa fo|qr
Journalize the following transactions:The proprietor started business with own cash 50,000 as also borrowed form
Mamta 35,000 at the rate of 10% per annum.
Paid Rs. 200 for proprietor‟s medical bill and
150 for his son‟s school fees and
100 for office rent.
Insured machinery worth 25,000 for 20,000 and paid a premium of 1.5 %.
Deposited into the bank A/C of the business 5,200 earned by the proprietor in
his personal capacity.
Paid income tax 1,500 and sales tax 750.
Given an order of 4,200 to vinod.
fuEufyf[kr O;ogkjksa dks tuZy esa fyf[k,%&
O;kikj ds Lokeh us viuh jksdM+ 50,000 - yxkdj rFkk eerk ls 35000 10
izfr’kr okf"kZd dh nj ij m/kkj ysdj O;kikj izkjaHk fd;kA
O;kikj ds Lokeh ds esMhdy fcy dk 200 , mlds yM+ds dh fo|ky; Qhl ds fy,
150 rFkk dk;kZy; fdjk;k 400 dk Hkqxrku fd;k x;kA
25000 ds ewY; dh Ek’khujh dk 20000 ds fy, chek djk;k x;k vkSj 1.5
izfr’kr dh nj ls chek izhfe;e pqdk;kA
O;kikj ds Lokeh }kjk O;fDrxr :Ik esa vftZr jkf’k 5200 O;kikj ds cSad [kkrs esa
tek djk;sA
vk;dj 1500 o foØ; dj 750 pqdk;sA
fouksn dks 4200 ewY; dk vkns’k fn;kA
Q.7
Prepare Ishan‟s Account in Gourav‟s book the following transactions took place
among them in October 2003.
Oct. 2: Gourav sold goods to ishan 5000.
Oct 5: Ishan returned defective goods 1850
Oct 10 :Ishan sold goods to Gourav . 9000 on terms of 10% Trade discount
and 5% cash discount within the term of credit i.e on 14th January payment was
made after adjustment of discount.
Oct: 15 Received orders form Ishan for goods 6000
Oct : 16 Gourav Sold goods to ishan as sample of 160
Oct : 25 Gourav Sold goods to Ishan 4000 at a Trade discount of 10%.
Ishan who is owner of Gourav‟s Business building, sent a bill for a month rent
500.Ishan Paid Gourav‟s Account by cash
xkSjo dh iqLrd esa bZ’kku dk [kkrk rS;kj dhft,A vDVwcj 2003 esa muds chp
fuEufyf[kr lkSns gq,A
vDVw% 2% xkSjo us bZ’kku dks oLrq,a csph 5000
vDVw% 5 bZ’kku us [kjkc oLrq,a ykSVkbZ 1850
27
SAC/Department of Commerce
vDVw 10 bZ’kku us xkSjo dks 9000 - dh oLrqvksa dks cspk 10 izfr’kr O;kikfjd NwV
vkSj 5 izfr’kr jksdM+ NwV dh ’krZ ijAm/kkj dh fu/kkZfjr vof/k ds vUnj vFkkZr
14 tuojh dks izkIr gksus okyh jkf’k NwV ds lek;kstu ds ckn Hkqxrku dj nh
xbZA
vDVw 15 % bZ’kku ls eky ds fy, vkns’k feyk 6000
vDVw 16 % xkSjo us bZ’kku dks lSEiy ds :Ik esa eky Hkstk 160 :vDVw 25 % xkSjo us bZ’kku dks 4000 :- dk eky 10 izfr” kr O;kikfjd NwV ij cspkA
vDVw 31 % bZ’kku tks xkSjo ds O;kikfjd Hkou dk Lokeh gS] us ekg ds fdjk;s dk
ns;d Hkstk 500 :A
vDVw 31%bZ’kku us xkSjo ds ys[kksa dk Hkqxrku jksdM+ }kjk fd;kA
Q.8
What do you understand by Division of Journal? What are the advantages of this
division?
tuZy ds foHkktu ls vki D;k le>rs gS \ bl izdkj foHkktu ls D;k ykHk gS \
Q.9
What is a cash book? State its various types?
jksdM+ cgh D;k gS \ blds fofHkUu izdkj crkb;s\
Q.10
Enter the following transaction into three column cash book.
2009
Jan : 1 Cash in hand 1299, Cash at bank 1000.
Jan : 5 Received form Gourav 1980 Discount allowed . 20.
Jan : 8 Cheque received form Ankur and deposit into bank . 10000.
Jan 12 Stationery Purchased 500.
Jan : 14 Cash sales 4200.
Jan : 15 Deposited in bank 700.
Jan : 20 Cheque given to Prakhar 100 Discount received 15.
Jan : 21Cash sales 900.
Jan : 22 withdraw from bank 3000.
Jan : 23 Furniture purched and paid by cheque 5500.
Jan : 24 Cash sent to bank 800.
Jan : 30 Rent paid by cheque 990.
Rkhu [kkus okyh jksdM+ iqLrd esa fuEufyf[kr lkSns fyf[k,%
2009
tu 1 gLrLFk jksdM 1299 - cSd ls jksdM 10000
tu 5 % xkSjo ls izkIr gq, 1980 cV~Vk fn;k 20
tu 8 % vadqj ls pSd izkIr gqvk rFkk cSad esa tek fd;k 10000
tu 12% LVs’kujh [kjhnh 500
tu 14% udn fcdzh 4200
tu 15% cSd esa tek 700
tu 20% iz[kj dks pSd fn;k 100 :- cV~Vk izzkIr 15
tu 21% jksdM+ foØ; 900
tu 22% cSd ls fudkys 3000
tu 23% QuhZpj [kjhnk o pSd ls Hkqxrku fd;k 5500
28
SAC/Department of Commerce
tu 28% cSd es jksdM+ Hksth 800
tu 30% pSd }kjk fdjk;k fn;k 990
Q.11 What is Balance Sheet and when is it prepared? What are the objects of preparing
a Balance Sheet by a business man? How does it differ from trial balance?
fpÎk D;k gS vkSj ;g dc cuk;k tkrk gS \ ,d O;kikjh }kjk fpÎk cukus ds D;k
mís’; gSa \ ;g ijh{kk lwph ls fdl izdkj fHkUu gS\
Q.12
What is meant by balance sheet, trading account and profit & loss account? Why
are they prepared?
fpÎk O;kikfjd [kkrk dk D;k vk’k; gS \ bUgsa D;ksa cuk;k tkrk gS \
Q.13
Describe the procedure from journal to final accounts with adjustments under
double entry system in brief ?
f}&izfof"V iz.kkyh ds vUrxZr tuZay ls lek;kstu lfgr vfUre [kkrksa rd dh izfØ;k
la{ksi esa fyf[k, A
Q.14 What is depreciation? Explain any five methods of charging depreciation?
gzkl ls vki D;k leÖkrs gSa \ gzkl yxkus dh dksbZ ik¡p fofèk;ksa dks leÖkkb;s\
Q.15 What is depreciation? Why is arrangement of depreciation necessary?
gzkl D;k gS \ gzkl ds fy, izcUèk djuk D;ksa vko’;d gS \
Q.16
A manufacturing concern whose books are closed on 31st march ,purchased a
machinery for .50,000 on1st April ,2002.Additional machinery was acquired on
1st October ,2003 and for 16,000 on 1st April ,2006. The machinery purchased
for .10,000 on 1st October, 2003 was sold for 5,000 on 30th September,2005
Prepare a machinery account for five years writing off depreciation at 10% per
annum on written down value method?
,d fuekZ.kh laLFkk ftldh iqLrdsa 31 ekpZ dks cUn dh tkrh gSa] 1] vizSy 2002 dks
50]000 ,d e’khu Ø; dhA 1]vDVwcj ]2003 dks 10]000 dh rFkk] vizSy 2006 dks
16]000 dh vfrfjDr e’khu vkSj Ø; dhA 1]vDVwcj ]2003 dks Ø; 10]000 dh e’khu
30]flrecj ]2005 dks 5]000 esa csph xbZA ik¡p o"kksZa ds fy, e’khujh £krk cukb;sA
gzkl 10 izfr’kr izfr o"kZ dh nj ls Øekxr ’ks"k i)fr ls fudkfy,A
Q.17. A manufacturing firm purchased on 1st April, 2002 certain machinery for
1,00,000 and spent 2,000on its erection .On 1st October in the same year
additional machinery costing 50,000 was acquired. On1st April 2004, the
machinery purchased on 1st April 2002(having become obsolete) was auctioned
for 40,000 and on the same date fresh machinery was purchased at a cost of
25,000. Depreciation was provided annually on 31st march at 10% per annum on
original cost of asset .In financial year 2004-05 however, this method was
changed and that of writing off 15% on written down value was adopted.Give
machinery account for financial year from 2002-03 to 2006-07.
29
SAC/Department of Commerce
,d fuekZ.kh laLFkk us 1] vizSy]2002 dks ,d e’khujh 1]00]000 esa Ø; dh vkSj bls
yxkus esa 2]000 O;; fd;sA mlh o"kZ 1]vDVwcj dks 50]000 esa ,d vkSj e’khu Ø;
dh x;h A 1] vizSy]2004 dks ml e’khu dks uhyke }kjk 40]000 esa csap fn;k ftls 1]
vizSy] 2002 dks Ø; fd;k x;k Fkk vkSj mlh fnu 25]000 dh ,d e’khu Ø; dh
x;h A gzkl 10 izfr’kr izfr o"kZ dh nj ls ewy ykxr ij fudkyk tkrk gSA foRrh; o"kZ
2004&05 esa bls cny fn;k x;k vkSj 15 izfr’kr izfr o"kZ dh nj ls Øekxr ’ks"k
i)fr dk iz;ksx fd;k x;kA foRrh; o"kZ 2002-03 ls 2006-07 ds fy;s e’khujh [kkrk
rS;kj dhft,A
Q.18. What do you understand by following and what adjusting entries have to be
passed in regard to them on closing of the accounting period? (i) Outstanding
Expenses (ii) Prepaid Expenses (iii) Accured Income and (iv) Income received in
advance?
fuEufyf[kr ls vki D;k le>rs gSa ? muds lEca/k esa ys[kkadu vof/k dh lekfIr ij
D;k Lkek;kstu izfof"V;kaW djuh iM+rh gSaA
1 vnRr O;;
2 iwoZnRr O;;
3 mikftZr vk; ;k vftZr fdUrq vizkI; vk; rFkk
4 vfxze izkIr vk;
Q.19. Below is given Trial Balance of Shri P Lal in respect of 31 March , 2010 prepare
his trading and profit and loss for the year and his balance sheet as on 31
March ,2010 : -
Jh ih yky dk 31 ekpZ] 2010 dk fpÎk rS;kj dhft,-
jgfr;k(Stock )1 vizSy
2009(1 April 2009)
Hkou(Building )
fofoËk nsunkj (Sundry
debtors )
e’khujh
(Machinery )
vkgj.k (Drawings )
Ø; (Purchases)
16]000 cSad _.k (Bank Loan)
fofoèk ysunkj (Sundry Creditors)
4]400
11]600
24]000 iw¡th (Capital)
32]000
17]000 fcdzh (Sales )
1]30]000
10]000
4]000
90]000
1]500
cêk (Discount)
Ø; okilh (Purchases Return)
deh’ku (Commission)
v’kksè; _.kkFkZ izkoèku (Provision
30
4]00
8]00
7]50
4]00
SAC/Department of Commerce
chek o dj (Insurance
&Taxes)
O;kikfjd O;; (Trade
Expenses )
fcØh okilh (Sales
Returns )
osru
(Salaries)
3]600
for Bad Debts)
ns; foi= (Bills Payable)
6]00
8]200
1]250
Ø; ij HkkM+k (Freight on
Purchases )
3]00
v’kksè; _.k (Bad Debts)
4]500
izkI; foi= (Bills
Receivable)
gkFk esa jksdM (Cash in
hand)
1]400
Following adjustments are necessary:
(a)Closing stock on 31st march 2010 was 12,000.
(b) Interest at the rate of 5% to be allowed on capital.
(c) 800 are outstanding for salaries.
(d)Insurance prepaid are 150
(e)Depreciation is to be written off on building at 2% and on machinery at10
(f) Provision of 5% for bad debts.
(g)Commission earned but not received.
fuEu lek;kstuk,¡ vko’;d gSa(d) 31 ekpZ ]2010 dks vafre jgfr;k dk ewY; 12000 FkkA
([k) iw¡th ij 5 % okf"kZd C;kt yxkuk FkkA
(x) osru ds 800 nsuk ckdh FkkA
(Ä) chek dk 150 iwoZnRr FkkA
(³) “ou ij 2 % vkSj e’khujh ij 10 % gzkl dkVuk gSA
(p) nsunkjksa ij 5 % v’kksË; rFkk lafnXËk _.kksa ds fy, izkoËkku djuk gSA
(N) deh’ku ds 200 feyus ’ks"k gSaA
31
2]000
SAC/Department of Commerce
Q.20. On 31st March, 2010 the Trial Balance of Shri Karim Buksh was as follows:
Debit Balance
Credit Balance
Opening Stock
16,400 Capital
75,000
Land & Building
34,400
28,000
Machinery
60,000 Creditors
Furniture
Purchases
General Expenses
Salaries
4,000 Purchase Returns
1,15,000 Sundry Receipts
3,000 Sales
3,600
Postal Expenses
1,200
Stationery
1,400
2,200
1,500
2,09,500
25,000
Carriage Inwards
2,700
Carriage Outward
3,500
Repairs
4,000
Cash in hand
500
Cash at Bank
6,700
Debtors
8,800
12,000
Rent
Wages
Loan
32,000
325000
325000
The Following additional information is available:
On 31st March 2010 The Values of Stock in-trade was 16,700, Salary 1,000
for the month of March , 2010 was unpaid, General Expenses included .500
paid for one year ending on 31st September ,2010 for insurance premium Provide
32
SAC/Department of Commerce
5% on Debtors for Bad and Doubtful Debts,Depreciate Land and Building by 2.5
% and Machinery and Furniture by 10 %
31 ekpZ ]2010 dks Jh djhe c[’k dh ijh{kk lwph fuEukuqlkj Fkh fodyu ’ks"k
Lkekdyu ’ks"k
izkjfEHkd LdUËk
16400 iw¡th
75000
Hkwfe vkSj Hkou
34000 _.k
28000
Ek’khujh
60000 Yskunkj
QuhZpj
Ø;
lkekU; O;;
4000 Ø; izR;k;
2200
115000 fofoËk izkfIr;k¡
1500
3000 foØ;
osru
12000
HkkVd
3600
Mkd O;;
1200
ys£u lkexzh
1400
etnwjh
2700
fuxZr okgu O;;
3500
ejEer
4000
cSad esa jksdM+
nsunkj
209500
25000
vkxr okgu O;;
gkFk esa jksdM +
8800
500
6700
32000
fuEufyf[kr vfrfjDr tkudkfj;k¡ miyCèk gSa31]ekpZ]2010 dksO;kikfjd LdUèk dk ewY; 16]700 FkkA ekg ekpZ]2010 dk osru 1]000
vnRr Fkk A lkekU; O;;ksa esa 500 ,d o"kZ dh chek izC;kft 30]flrEcj 2010 rd ds fy,
lfEefyr FkhA nsunkjksa ij 5 izfr’kr lafnXèk _.kkFkZ dk izkoèkku djuk gSA Hkwfe rFkk Hkou ij
33
SAC/Department of Commerce
2.5 izfr’kr e’khujh rFkk miLdj ij 10 izfr’kr gzkl yxkuk gSA O;kikj £krk] ykHkgkfu
£krk rFkk fpëk cukb;s A
Q.21
What are the objectives of keeping Branch Accounts? What are the advantages
and disadvantages of invoicing goods to Branch at invoice price?
’kk[kk ys[ks rS;kj djus ds D;k mn~ns’; gksrs gSa\ chtd ewY; ij ’kk[kk dks eky Hkstus
ds D;k ykHk ,oa gkfu;ka gSa\
Q.22
What do you mean by inter-branch transactions? Which method is best for such
transaction?
varZ’kk[kk O;ogkjksa ls vki D;k le>rs gSa\ bu O;ogkjksa dks djus dh dkSu&lh fof/k
loZJsz"B gS\
Q.23 Total Sales by the Branch for the year ended 31st March, 2008 amounted to
5, 60,000 out of which 20% is cash sales the following further information is-
31 ekpZ] 2008 dks lekIr gksus okyh o"kZ dh dqy fcØh 5]60]000 # Fkh ftlesa ls 20
izfr’kr udn fcØh gSA fuEukafdr vkSj lwpuk gSA
1.4.2008
jgfr;k (Stock )
nsunkj (Debtors)
[kqnjk jksdM+ (Petty Cash )
36]000
60]000
120
(Expenses actually incurred by the Branch during)
osru (Salaries )
fdjk;k (Rent )
[kqnjk O;; (Petty expenses )
nsunkjksa ls izkIr jksdM+ (Cash received from Debtors )
31.3.2009
25]000
48]000
150
36000
12000
5600
460000
’kk[kk }kjk lHkh fcØh ykxr$25 izfr’kr ij nh tkrh gSA
31 ekpZ] 2008 ds lekIr gksus okyh o"kZ ds fy, eq[; dk;kZy; dh iqLrdksa esa
dksydkrk ’kk[kk [kkrk cukb,A
All sales are made by the branch at cost + 25%.
Prepare Kolkata Branch Account in the books of H.O. for the year ending at 31st
March, 2008.
Q.24
Bharat Stores Ltd. Agra has a Branch at Kanpur. Goods are invoiced to the
Branch at selling price being cost plus 25%. The Branch keeps its own Sales
Ledger and deposits all cash received daily to the credit of the Head Office
Account in the Bank at Kanpur. All expenses are paid by cheque from Agra.
From the following details, prepare a Branch Account in the Head Office Books
and made necessary adjustments therein to arrive at the actual Branch Profit and
Loss during the year 2008.
vkxjk ds Hkkjr LVkslZ fy- us dkuiqj esa ,d ’kk[kk [kksyh gSA ’kk[kk dks eky ykxr esa
25 izfr’kr tksM+dj fcØh ewY; ij Hkstk tkrk gSA ’kk[kk viuh Lo;a dks fcØh [kkrk
34
SAC/Department of Commerce
cgh j[krh gS vkSj lkjh jksdM+ ikzfIr;ka izfr fnu eq[; dk;kZy; ds cSad esa tek djrh gS
[kkrk cukdj 2008 dks ’kk[kk dk ykHk izdV dfj,%
LVkWd] 1 tuojh] 2008 (Stock, 1st January, 2008)
1 tuojh 2008 dks nsunkj (Debtors, 1st January, 2008)
eq[; dk;kZy; us eky Hkstk (Goods sent by Head Office)
fdjk;k vkSj dj (Rent and Taxes)
fofo/k O;; (Sundry Charges)
etnwjh Hkqxrku (Wages Paid )
o"kZ dh udn fcØh (Cash Sales for the year)
nsunkjksa ls izkIr jksdM+ (Cash received from Debtors)
LVkWd] 31 fnlEcj] 2008 (Stock, 31st December, 2008)
m/kkj fcØh (Credit Sales)
Q.25
7500
4200
54600
2400
480
2040
32400
19800
9000
21000
What is Departmenatal Accounts? How Departmental Accounting is maintained?
Explain the rules regarding allocation of expenses.
foHkkxh; [kkrksa dk D;k vk’k; gS\ foHkkxh; ys[ks fdl izdkj cuk, tkrs gSa\ O;;ksa ds
foHkktu lEcU/kh fu;eksa dks le>kb,A
Q.26
What is a departmental account? Explain the basis of allotment of indirect
expenses to various departments.
foHkkxh; [kkrs D;k gS\ fofHkUu foHkkxksa esa vizR;{k O;;ksa ds foHkktu ds vk?kkj dh
O;k[;k dhft,A
Q.27
Prepare Departmental Trading and Profit and Loss Account of 2 departments A
and B Ltd. From the following Particulars:
v vkSj c fyfeVsM dss fuEukafdr fooj.k ls nksuksa foHkkxksa dk foHkkxh; O;kikfjd ,oa ykHk
gkfu [kkrk cukb,A
izkjfEHkd LVkWd(Opening stock): A
5000
B
15000
foHkkx v esa dPpk eky mi;ksx fd;k
(Raw material consumed in A dept.)
3400
dPpk eky foHkkx c us iz;ksx fd;k
(Raw material consumed in B dept.)
LVkslZ mi;ksx fd;k (Stores consumed)
et+nwjh (Wages) A
B
35
2000
9000
3000
6000
SAC/Department of Commerce
fcdzh (Sales)
A
90000
B
18000
vfUre jgfr;k (Closing Stock) A
6000
B
12000
foKkiu (Advertisement)
1500
lao"s Bu O;; (Packaging Expenses)
600
dk;kZy; O;; (Office expenses)
4800
ál dkj[kkuk e’khujh (Factory machinery)
3200
Hkou ( Building)
1600
You are given following information also:
B department does not need any machinery. Only 1/8 of the total area is occupied
by it.
vkidks fuEukafdr lwpuk nh gqbZ gSc foHkkx dks fdlh e’khu dh vko’;Drk ugha iM+rh gSA c foHkkx dqy Hkou dk dsoy
1@8 Hkkx gh iz;ksx djrh gSA
Q.28
When branch trading independently is situated in a foreign country, how should
the figures in the branch trial balance is incorporated in the Head Office books?
Tkc Lora= :i ls O;kikj djus okyh dksbZ ’kk[kk fons’k esa fLFkr gks rks ’kk[kk ryiV ds
vadksa dks eq[; dk;kZy; dh iqLrdksa esa fdl izdkj lekesfyr fd;k tkuk pkfg, \
Q.29
(a)Describe the objects and advantages of Departmental account.
(b) Difference between Branch Accounts and Departmental Accounts.
(v)foHkkxh; [kkrksa ds mn~ns’; ,oa ykHkksa dh foospuk dhft;sA
(c)’kk[kk [kkrksa ,oa foHkkxh; [kkrksa esa varj dhft;sA
Q.30 Dinesh of Lucknow has Branch at Faridabad. Goods are supplied to Branch at cost
+20%. The expenses of the Branch are paid from Lucknow and the Branch keeps a
sales Journal and Debtors Ledgers only. From the following particulars,
prepare Branch Account and its Trading and Profits & Loss Account for the year
ending 31st March, 2008.
Yk[kum ds fnus’k dh Qjhnkckn esa ,d ’kk[kk gSA ’kk[kk dks ykxr +20% ij eky Hkstk
tkrk gSA ’kk[kk ds O;; Yk[kum ls Hkqxrku fd, tkrs gSa vkSj ’kk[kk viuh nsunkj [kkrk
cgh ,oa tuZy j[krh gSA fuEukafdr fooj.k ls 31 ekpZ 2008 dks lekIr gksus okys o"kZ ds
fy, ’kk[kk ys[kk ,oa bldk O;kikfjd ,oa ykHk gkfu ys[kk cukb,izkjfEHkd Lda/k chtd ewY; ij(Opening Stock at Invoice Price)
eq[; dk;kZy; ls eky izkIr(Goods Received from Debtors)
eq[; dk;kZy; }kjk ‘ ’kk[kk O;;ksa dk Hkqxrku
(Expense paid by Head Office for Branch)
udn fcdzh (Cash Sales)
nsunkjksa ls izkfIr;ka(Receipts from Debtors)
36
120000
150000
52000
87500
189500
SAC/Department of Commerce
31 ekpZ 2008 dks nsunkj (debtors on 31st march 2008)
31 ekpZ 2008 dks eq[; dk;kZy; dk ekxZ esa eky
45800
18000
(Goods in transit from Head O ffice on 31st March, 2008)
vfUre Lda/k chtd ewY;(Closing Stock at Invoice price)
m/kkj fcdzh (Credits Sales)
90000
205000
Q.31- The Nagaland Coliery Company took lease of a coal bearing area for a period of
20 years from 1st January, 2004 on a royalty of 2 per tone subject to a
minimum rent of Rs. 15,000 per annum with power to recoup shorworkings over
the first four years of the base. The output for the first four year was as follows:
nh ukxkyS.M dksfy;jh dEiuh 1 tuojh] 2004 dks ,d dks;yk cgqy {ks= iV~Vs ij20
o"kksZa ds fy, fy;k ftldk vf/kdkj&’kqYd 2 izfr Vu dh nj ls ns; FkkAU;wure
fdjk;k 15]000 # Okkf"kZd Fkk ftldh olwyh iV~Vs ysus dh frfFk ls izFke pkj o"kksZa rd
gh gksuh FkhA izFke pkj o"kksZa esa mRiknu fuEufyf[kr Fks%
o"kZ (years)
2004
2005
2006
2007
2008
mRiknu Vu esa
(Production in Tons) 3,000
4,000
8,000
10,000
12,000
dksfy;jh dEiuh dh iqLrdksa esa lHkh o"kksZa dh tuZy izfof"V;kaW dhft, ,oa
avf/kdkj&’kqYd [kkrk] y?kqdk;Z [kkrk ,oa HkwLokeh [kkrk cukb,A
You are required to give journal entries for all the years and to show Royalties
A/c, Shortworkings A/c and the Landlord A/c in the books of Coliery Company.
Q.32 A leased a colliery for 20 years. The dead rent was 7500 a year, merging into a
Royalty of 40 paise per ton of coal raised, with the right to recoup shortworking out
of excess of Royalties of two subsequent years from the period in which
Shortworking arose. The quantities raised were: 1st year 10,000 tons; 2nd year
15,000 for tons; 3rd year 25,000 tons; 4th year 15,000 tons; and 5th year 10,000 tons.
Give Ledger Accounts necessary for each of the five years in the books of lessee.
A us 20 o"kZ ds fy, dks;ys dh [kku dks iV~Vs ij fn;kA fLFkj fdjk;k izfr o"kZ dk
7]500 FkkA vf/kdkj&’kqYd dh jkf’k fudkys gq, dks;ys ij izfr Vu 40 isSls FkhA
izR;sd o"kZ ds y?kqdk;Z dh jkf’k dks blds ckn okys nks o"kksZa esa vf/kdkj&’kqYd dh
vkf/kD; dh jkf’k ls vifyf[kr fd;k tk ldrk gSA fudklh fuEu izdkj gqbZ izFke o"kZ
10]000 Vu( f}rh; o"kZ 15]000 Vu( r`rh; o"kZ 25]000 Vu( pkSFkh o"kZ 15]000 Vu vkSj
ikapoh o"kZ 10]000 VuA iV~Vsnkj dh iqLrdksa esa bu ikapksa o"kksZa ds fy, vko’;d [kkrs
[kksfy,A
Q.33 The Assam Coal Company Ltd. Holds a lease of coal mines for a period of ten
years. According to the lease, the company is to pay 75 paise as royalty per tone
with a minimum rent of 15,000 per year. Short workings can be recovered out of
the royalty in excess of the minimum rent of the next two years only. In the year of
a strike the minimum rent is to be reduced to 50%. The output of six years have
been as under:
Years
1995
1996 1997
1998 1999
2000 (Strike)
37
SAC/Department of Commerce
Production (in tones) 10,000 12,000 28,000 25,000 50,000
Write up necessary ledger accounts in the books of the lessee.
15,000
vklke dksy dEiuh fy- ds ikl 10 o"kksZa ds fy, dks;ys dh [kkuksa dk iV~Vk gSA iV~Vs ds
vuqlkj dEiuh dks 75 iSls izfr Vu dh nj ls vf/kdkj&’kqYd 15]000 Okkf"kZd U;wure
fdjk;s ds lkFk nsuk gSAy?kqdk;Z jkf’k dks dsoy vxys nks o"kksZa dh ml vf/kdkj&’kqYd ls
tks U;wure fdjk;s ls vf/kd gS] olwy fd;k tk ldrk gSA gM+rky ds o"kZ esa U;wure
fdjk;s dks 50 izfr’kr rd dj fn;k tk;sxkA N% o"kksZa dk mRiknu fuEu izdkj gS%
o"kZ
1995 1996 1997 1998 1999 2000 (gM+rky½
mRiknu Vuksa esa
10]000 12]000 28]000 25]000 50]000 15]000
iV~Vsnkj dh cfg;ksa esa vko’;d [kkrs [kksfy,A
Q.34- What is Statement of Affairs? How does it differ from Balance Sheet? What lists
are prepared by the Debtor to prepare Statement of Affairs?
fLFkfr&fooj.k dk D;k vk’k; gS\ blesa vkSj fpV~Bs esa D;k vUrj gS\ fLFkfr&fooj.k
rS;kj djrs le; _.kh dkSu lh lwfp;ka cukrk gS\
Q.35- fVIi.kh fyf[k;s (Write notes on½%
i. fLFkfr&fooj.k (Statement of Affairs½
ii. deh [kkrk (Deficiency Accounts½
iii. lqjf{kr ysunkj (Secured Loan½
iv. vlqjf{kr ysunkj (Unsecured Loan½
v. ldy nkf;Ro (Grosss Liability½
vi. vuqekfur ns; (Expected to Rank½
vii. L=h/ku (Stridhan½
Q.36
Find out preferential creditors according to Provincial Insolvency Act and
Presidency Towns Insolvency Act from the following information. Insolvency
petition has been filed on January 1, 2008:
(i) Salary of 4 clerks . 400 per month each for the last two months; (ii) Salary of
another one clerk for the month of August and September 2007 @ 150 p.m; (iii)
Wages of a labourer for 20 days of the month of December 2007, 120; (iv)
Salary of manager for the month of December 2007, Rs. 1000; (v) Rent payable to
landlord for November and December, 2007 @ 400 p.m., (vi) House Tax
payable 500; (vii) Water and electricity dues 250; (viii) Amount payable to a
worker under Workmen‟s Compensation Act 400; (ix) Interest payable on loan
taken from State Bank of India 1000; (ix) Due for sales tax 2500 and income
tax 3800; (x) Private creditors 2000 which includes 500 due for rates of his
house property\
fuEukafdr lwpukvksa ls izslhMsUlh VkmUl fnokyk vf/kfu;e vkSj izkWfofUl;y fnokyk
vf/kfu;e ds vuqlkj iwokZf/kdkj ysunkj fudkfy,A 1 tuojh 2008 dks fnokfy;k gksus
ds fy, vkosnu fd;k x;k gSA
38
SAC/Department of Commerce
(i) 4 fyfidksa dk xr nks ekg dk osru 400
izfr ekg izfr fyfid dh nj ls]
(ii),d&vU; fyfid dk vxLr vkSj flrEcj 2007 dk osru 150 izfr ekg dh nj ls]
(iii) fnlEcj] 2007 ds 20 fnu ds fy, ,d Jfed dh etnwjh 120
(iv) fnlEcj
2007 ds fy, eSustj dk osru 1000 (v) uoEcj vkSj fnlEcj 2007 ds fy, HkwLokeh
dk ns; fdjk;k 400 izfr ekg dh nj ls] (vi) ns; x`g dj 500 ikuh vkSj fctyh
dh ns; jkf’k 250 (vii) {kfriwfrZ vf/kfu;e ds vUrxZr deZpkjh dks ns; jkf’k 400
(viii) LVsV cSad vkWQ bf.M;k ls fy, gq, _.k ij ns; C;kt 1000
(ix) ns; fcØh
dj 2500 vkSj vk;dj 3800 (x) futh ysunkj 2000 ftlesa mlds ?kj ds ns;
djds 500
Q.37
’kkfey gSA
A Commenced business on 1st January, 2004 with a capital
33,600. Their
profits for the 2004 to 2008 were 7,000 4,120 1,800 1,400 & 400 respectively,
and their drawins averaged 2,200 Per annum. On 31st December, 2008, an
adjudication order was made against the firm when their affairs were as follow:
Unsecured Creditors
20,000
Mortgage on Freehold Property
4,000
Creditors partly secured (Security, Life Policies estimated to be
worth 4,000)
12,000
Creditors for salaries and waged (for services rendered within
4 months preceding insolvency)
480
Bill receivable, discounted expected to rank
3,200
Freehold Factory-cost 40,000, estimated to realize
20,000
Plant and machinery-cost 8000 estimated to realise
2,000
Book Debts:
(a) Good
6,000
(b) Doubtful (Estimated to produce 600)
2,000
(c) Bad
5,000
Fixtured-Cost 800 estimated to realise
350
Stock in trade – cost 8,000 estimated to realise
5,550
From tha above particulars prepare the statement of Affiars and Deficiency
Account of A.
A Uks viuk O;kikj 1 tuojh 2004 dks 33,600 dh iwt
a h ls izkjEHk fd;kA mlds 2004
ls 2008 rd ds ykHk Øe’k% 7000, 4120,1800,1400 rFkk 400 ds Fks vkSj mlds
vkgj.k 2200 izfr ekg dh nj ls FksA 31 fnlEcj] 2008 dks mls mij ,d fnokyk
vkns’k gqvkA ml le; mldh fLFkfr fuEukafdr Fkh %
vkjf{kr ysunkj
20]000
ÝhgksYM lEifRr ij cU/kd
4]000
va’kr% jf{kr ysunkj (izfrHkwfr thou chek 4]000 izkIr ewY; dh½
12]000
osru ,oa etnwjh ds fy, nsunkj (fnokyk gksusls Bhd pkj ekg iwoZ lsok,a nha½
480
Hkquk;s gq;s izkI; fcy&ns;
3]200
ÝhgksYM dkj[kkuk&ykxr 40]000 vuqekfur izkI; ewY;
20]000
Iyk.V vkSj e’khu ykxr 8]000 vuqekfur izkI; ewY;
2]000
iqLrdh; nsunkj% vPNs
6]000
lafnX/k ¼izkIr gksus dk vk’kk 600 ½
2]000
39
SAC/Department of Commerce
vizkI; _.k
fQDlplZ ykxr 800 vuqekfur izkI;
O;kikfjd jgfr;k & ykxr 8]000 :- vuqekfur izkI;
5]000
350
5]500
mi;qZDr fooj.k ls A dk fLFkfr &fooj.k vkSj deh dk [kkrk cukb,A
Q.38
Richa of Bhopal filed her petition in bankruptey on 31.03.2008.Prepare her
statement of Affiars and Deficiency Account from the the following particulars:
Stock in trade (estimated to realise 16,500)
24,000
Bank
240
Debtors :
Good
1800
Doubtful (Estimated to
Realise 1800)
6000
Bad
1500
25,500
Creditors
Preferential Creditors
Bills Payable
Loan From Richa‟s Husband
Second Loan on Buildings
Buildings (estimated to realise 60000)
Creditors secured by life policy (estimated Value 12000)
Typewriter estimated to realise 1050
Vehicles cost Rs. 60000, Less depreciation 18000
(estimated to realise 6000)
60,600
600
540
9,000
36000
120000
36000
2400
42000
Hkksiky dh fjpk us 31-3-2008 dks fnokfy;k ?kksf"kr fd;s tkus ds fy, viuk fiVh’ku
Qkby fd;kA mldk fLFkfr fooj.k ,oa deh dk [kkrk fuEukafdr fooj.kksa ls cukb, %
O;kikfjd LVkWd ykxr ij
24,000
cSad
240
nsunkj % vPNs
1800
lafnX/k (vuqekfur izkI; 1800 ½
6000
cqjs
1500
25,500
ysunkj
60,600
iwokZf/kdkj ysunkj
600
ns; fcy
540
fjpk ds ifr ls _.k
9,000
Hkou dh izfrHkwfr ij _.k
36000
Hkou (vuqekfur izkI; 60000 ½
120000
ysunkj] thou ikWfylh ls jf{kr (vuqekfur izkI; 12000 ½
36000
VkbijkbZVj (vuqekfur izkI; 1050 ½
2400
xkfM+;k ykxr 60000 ?kVk;k âkl 18000
42000
(vuqekfur izkI; 6000 ½
40
SAC/Department of Commerce
1-4-2003 dks dh iwt
a h 99,000 Fkha mlds ykHk 1-4-2003 ls rhu o"kZ esa 21,000 ds FksA
1-4-2003 ls 31-3-2008 rd mlds vkgj.k 9000 izfr o"kZ FksA mlus 2006&07 vkSj
2007&08 esa Bhd izdkj ys[kkadu ugha fd;k vkSj mlds fy, fnokfy;k vkns’k ikl
fd;k x;kA mls ifr }kjk _.k ml jkf’k esa ls gS tks fjpk us mls yxHkx ikap o"kZ iwoZ
nh FkhA
Q.39
B Coal Co. took a mine on lease on 1st April 2003. Its books are closed on 31st
December every year. The minimum rent was agreed upon as follows:
up to the commencement of work 12,000 annually.
After the commencement of work 18000 annually.
The rate of royalty was 1 Per ton. Shortworking of any year could be could be
recouped during the subsequent two years. The actual work commenced on 1st
January, 2005 and the output was as under:
Year
2005
2006
2007
2008
Production in tons
15,000
25,000
20,000
30,000
Prepare necessary accounts in the books of B Coal Co. for 2003 to 2008.
B dksy daiuh us 1 viszy 2003 dks ,d [kku iV~Vs ij yhA bldh iqLrdsa izfr o"kZ 31
fnlEcj dks cUn gksrh gSaA U;wure fdjk;k ij fuEu Bgjko gqvkA
dk;Z izkjEHk gksus rd 12]000 izfr ekg
dk;Z izkjEHk gksus ds ckn 18]000 izfr ekg
vf/kdkj ’kqYd dh nj 1 izfr Vu FkhA fdlh Hkh o"kZ dh y?kqdk;Z jkf’k dks vxyh nks
o"kksZa rd olwy fd;k tk ldrk FkkA
dk;Z okLro esa 1 tuojh] 2005 dks izkjEHk gqvk vkSj vkSj mRiknu fuEu izdkj Fkk%
o"kZ
2005
2006
2007
2008
mRiknu Vu esa
15,000
25,000
20,000
30,000
B dksy dEiuh dh iqLrdksa esa 2003 ls 2008 rd ds fy, vko’;d [kkrs cukb,A
Q.40 Mohan took a mine on lease. Royalty is paid half-yearly 50 paise per ton
Minimum Rent per year is Rs. 6000 each year‟s shortworkings can be recouped in
the first three years of the lease. Following are the yields:
Ekksgu us ,d [kku iV~Vs ij yhAvf/kdkj&’kqYd 50 iSls izfr Vu dh nj ls v)Z okf"kZdns;
gSA U;wure fdjk;k izfr o"kZ 6000 : gSA izfr o"kZ dh y?kqdk;Z jkf’k dks iV~Vs ds izFkerhu
o"kksZa esa vifyf[kr fd;k tk ldrk gSA fudklh fuEu izdkj gS %
izFke o"kZ 30 twu rd (First Year upto 30th June½
4000
st
izFke o"kZ 31 fnlEcj rd (First year upto 31 December½
7000
th
f}rh; o"kZ 30 fnlEcj rd (Second Year Upto 30 December½
6200
f}rh; o"kZ 30 twu rd (Second year 30th June½
5000
th
r`rh; o"kZ 30 twu rd (Third year Upto 30 June½
8000
st
r`rh; o"kZ 31 fnlEcj rd (Third Year 31 December½
5000
eksgu dh iqLrdksa esa vko’;d [kkrs cukbZ,
Write a necessary account in the Mohan‟s Book.
41
SAC/Department of Commerce
Q.41 A and B are partners with capital of 13000 and 11000, respectively.They
admit C as partner with 1/5 share in the profits of the firm. C brings 13000 as
his share of Capital. Give journal entries to record goodwill on C‟s admission?
A vkSj B Øe’k% 13]000 vkSj 11]000 dh iwt
a h ds lkFk lk>snkj gSaA os QeZ ds
ykHkksa esa 1@5 fgLlk ds lkFk C dks lk>snkj ds :i esa izos’k nsrs gsaA C vius fgLls dh
iwath ds :i esa 13]000 ykrk gSA C ds izos’k ij [;kfr ds ys[kk gsrq jkstukepk
izfof"V;ka nsAa
Q.42 X,Y and Z trading as equal partners, admit N into the business on 1st January, 2009
on condition that N pays 50,000 as capital and 30,000 as goodwill th share
1/3 profits of the business in future. The Balance Sheet of X,Y and Z on 31st Dec.
2008 was as follows:
X,Y vkSj Z O;kikj ds cjkcj ds lk>snkj gSaA 1 tuojh] 2009 dks dks O;olk; esa bl ’krZ
ij ’kkfey djrs gSa fd N O;kikj esa Hkfo"; ds 1@3 ykHk ds fgLls ds fy, ,u 50]000
iwt
a h vkSj 30]000 [;kfr nsxk A 31 fnlEcj] 2008 dks X,Y,Z vkSj N dk fuEufyf[kr
vkfFkZd fpV~Bk gSA
Liabilities
Amount
nkf;Ro
Yksunkj Creditors
vfoHkkftr ykHk Undivided
Assets
lEifRr;ka
2,30,000 cSad esa jksdM+ Cash at Bank
60,000 nsunkj Debtors
Profit
iwt
a h Capital
X
jgfr;k+ Stock
1,20,000
Y
45,000
Z
25,000
Lkap; dks"k Capital Fund
Amount
15,000
30,000
75,000
e’khujh Machinery
1,75,000
Hkou Buildings
2,30,000
1,90,000
45,000
5,25,000
5,25,000
It is manually agreed that before N‟s admission the following adjustments should be
made:
(a) Machinery and Buildings be depreciated by 20 % and 5% respectively.
(b) Stock should be revalued at Rs. 1, 35,000.
(c) Reserve for Doubtful debts at 10% should be created.
42
SAC/Department of Commerce
(d) Outstanding expenses Rs. 7,500 and outstanding income Rs. 1,500 shuld be
brought into account Prepare Profit and Lose adjustment A/c, Partners‟ Capital
Accounts and the and the adjusted Balance sheet of X, Y, z and N.
;g ikjLifjd r; gqvk fd N dks lk>s esa ’kkfey djus ds igys fuEufyf[kr lek;kstuk,a
dk;ZfUor dj ysuh pkfg,A
(v½e’khujh rFkk Hkou dk ewY; Øe’k% 20 izfr’kr rFkk 5 izfr’kr ls âkflr dj fn;k
tk,A
(c½LVkWd dk iquewZY;kadu 1]35]000 ij fd;k tkuk pkfg,A
(l½vizkI; _.k ds fy, 10 izfr’kr lafpfr dk fuekZ.k djuk pkfg,A
(n½vnRr O;; ds fy, 7]500 rFkk mikftZr vk; ds fy, 1]500 dk ys[kk djuk pkfg,A
ykHk gkkfu lek;kstu [kkrk] lk>snkjksa ds iwt
a h [kkrs rFkk X,Y,Z vkSj N dk lek;ksftr
vkfFkZd fpV~Bk rS;kj dhft,A
Q.43 Ranvir and Balvir were partners in a business. Their profit sharing ratio was ¾
and ¼ respectively, On 31st December, 2008 their Balance Sheet was a follows :
j.kohj rFkk cyohj ,d O;olk; esa lk>snkj FksA muds ykHk&gkfu dk vuqikr Øe’k%
3@4rFkk1@4 Fkk A 31 fnlEcj] 2008 dks mudk vkfFkZd fpV~Bk fuEu Fkk%
jde
jde
Ikwath vkSj nkf;Ro Capital
lEifRr;ka Assets
and liabilities
Amount
fofo/k ysunkj
37,500
Sundry Creditors
iwt
a h [kkrs
Capial A/cs
j.kohj Ranvir
cyohj Balvir
Amount
jksdM+ cSd esa cash at bank
izkI; fcy Bills
22,500
3,000
Receivable
fofo/k nsunkj Sundry
40000
10000 50,000
87,500
16,000
Debtors
LVkWd Stock
QuhZpj Furniture
Hkou Building
20,000
1,000
25,000
87,500
On 1st January, 2009 they admit Mahavir on the following terms:
(a)Mahavir will bring in Rs. 30000 as his share of capital for which he will get 1/5
th profit in future.
(b)Goodwill Account will be raised to the extent of 20000 in the new firm
Goodwill Account should not remain in the books.
(c)Stock and furniture will be depreciated by 10% and buildings will be
appreciated by 20 % . A provision of reserve for bad and doubtful debts will be
created 5%.
43
SAC/Department of Commerce
(d)The capital accounts of old partners being adjusted on the basis of new profit
sharing ratio.
Prepare Journal Entries and Opening balance Sheet of the new firm.
1 tuojh] 2009 dks egkojh dks fuEufyf[kr ’krksaZ ij ’kkfey djrs gaS%
(v½Ekgkohj viuh iwt
a h ds :i esa 30000 : nsxk ftlds fy, Hkfo"; esa mls 1@5 Hkkx
ykHk feysxk A
(c½Uk, QeZ dh iqLrdksa esa 20000 dh [;kfr [kkrk [kksyk tk,xkA cfg;ksa esa [;kfr
[kkrk ugha jguk pkfg,A
(l½LVkWd rFkk QuhZpj dk ewY; 10 izfr’kr de dj fn;k tk,xk rFkk Hkou ds ewY; esa
20 izfr’kr dh o`f) dh tk,xh rFkk nsunkjdh jde ij 5 izfr’kr dh lafnX/k _.k
lafpfr dh tk,xhA
(n½Ikqjkus lk>snkjksa dh iwath [kkrksa dks ykHk&foHkktu ds u, vuqikrksa ds vuqlkj
lek;kstu fd;k tk;xkA
jkstukepk izfo"V;ka rFkk ubZ QeZ dk izkjfEHkd vkfFkZd fpV~Bk rS;kj dhft,A
Q.44 X and Y are partners sharing profit is the ratio of 3:2.The following is the Balance
Sheet as on 31st Dec, 2008. Z is admiteed on the date as partner.
X vkSj Y 3%2 esa ykHk foHkktu djrs gq, lk>snkj gSaA 31 fnlacj] 2008 ds fuEufyf[kr
vkfFkZd fpV~Bk gSA mDr frfFk dks Z dks lk>snkj ds :Ik esa lfEefyr fd;k x;k gS%
Ikwt
a h vkSj nkf;Ro Capital and
jde
lEifRr;ka vkSj tk;nkn Assets
jde
liabilities
Amount
and Properties
Amount
36,000
24,000
32,000
nsunkj Debtors
jgfr;k stock
udn Cash
e’khujh Machinery
Hkou Building
22,000
24,000
18,000
20,000
16,000
Ikwath [kkrs Capital Account
X
Y
20,000
16,000
ysunkj Creditors
lkekU; lap; General
Reserve
Jfed {kfriwfrZ dks"k
workmen‟s compensation
fund
8,000
1,00,00
1,00,000
Terms of admission in partnership:
(a)Revaluation of Assets: Building Rs. 36000, Stock 32000
(b)The Liability of Workmen‟s Compensation Fund is determined at .6000
(c)Z brought as his share of Goodwill . 15000 in Cash
(d)Z is to bring cash as would make his capial equal to 20 % of the combined
capital of X and Y in the new firm.
44
SAC/Department of Commerce
The future profit sharing proportions is as: X=2/5, Y=2/5 and Z =1/5 Prepare the
necessary ledger accounts and the balance sheet of the new firm.
Lkk>snkjh esa izo’s k dh ’krsZ%
(v½lEifRr;kas dk iquewZY;kadu% Hkou% 36000 jgfr;k 32]000 A
(c½Jfed {kfriwfrZ dks"k nkf;Ro 6000 fu/kkZfjr fd;k x;k gSA
(l½Z vius fgLls dh [;kfr dh jkf’k 15000 udn ykrk gSA
(n½ubZ QeZ esa X esa Y dh la;qDr iwt
a h ds 20 izfr’kr ds cjkcj viuh iwt
a h dks udn
yk,xkA
Hkfo"; ds ykHk&gkfu dk lekuqikr gS%X=2/5, Y=2/5 vkSj Z =1/5vko’;d cgh [kkrs
vkSj ubZ QeZ dk vkfFkZd fpV~Bk cukb,A
Q.45
Differentiate between sacrificing racio and gaining ratio?
R;kx ds vuqikr vkSj ykHk ds vuqikr esa vUrj crkb,A
Q.46 What is the object of preparing Revaluation Account?
iquewZY;kadu [kkrk cukus dk D;k mn~ns’; gS\
Q.47
Singh, Pandey and Gupta are partners in a firm sharing profits and losses in the
ratio of 3: 2: 1.The Balance Sheet of their Business as on 31 st March, 2009 is
given below:
flag] ik.Ms; vkSj xqIrk 3%2%1 ds vuqikr esa ykHkksa vkSj gkfu;ksa dk foHkktu djrs gq ,
QeZ esa lk>snkj gSA 31 ekpZ]2009 dks muds O;olk; dk vkfFkZd fpV~Bk fuEufyf[kr gS%
Ikwath vkSj nkf;Ro Capital
jde
lEifRr;ka vkSj tk;nkn
jde
and liabilities
Ikwath [kkrs Capital Account
flag
56000
ik.Ms
44000
xqIrk
32000
ysunkj Creditors
ns; fcy Bills Payable
Amount
Assets and Properties
Ek’khujh Machinery
QuhZpj Furniture
eksVjdkj Motorcar
1,32,000
jgfr;k Stock
nsunkj Debtors
udn Cash
32,000
28,000
Amount
22,000
24,000
18,000
20,000
16,000
92,000
192000
192000
Singh retired on April 1, 2008 on the following terms:
(a)Machinery and furniture are to be appreciated by 10 %. Debtors include 1500
as bad and doubtful debts and to be written off. Value of stock to be reduced to
23000.
45
SAC/Department of Commerce
(b)Creditors include 800 are no more payable.
(c) 1500 paid immediately to singh & his balance of capital account will
transferred to his loan account.
Pass necessary journal entries; prepare Profit and loss adjustment account capital
accounts, cash account and balance sheet of a new firm.
flag 1 viSzy 2009 dks fuEufyf[kr ’krksaZ ij vodk’k xzg.k dj ysrk gS
(v½e’khujh vkSj QuhZpj esa 10 izfr’kr ls vfHko`f) dh tkuh gSS nsunkj esa vizkI; vkSj
lafnX/k _.kksa dk 1500 lfEefyr vkSj bls vifyf[kr djuk gS LVkWd dk ewY;
?kVkdj 23000 dj nsuk gSA
(c½Yksunkj esa lfEefr 800 Hkqxrku ugha nsus ;ksX; gSaA
(l½flag dks rqjUr 1500 dk Hkqxrku nsus gS vkSj mlds iwt
a h [kkrs ds ’ks"k dks mlds
_.k [kkrs esa gLrkukarfjr dj fn;k tkuk gSA
jkstukepk izfo"V;ka ykHk gkkfu lek;kstu [kkrk] lk>snkjksa ds iwt
a h [kkrs rFkk ubZ QeZ
dk izkjfEHkd vkfFkZd fpV~Bk rS;kj dhft,A
Q.48
A,B, and C are partners sharing profits and losses in the ratio of their capital.
Their Balance Sheet was as under:
A,B, vkSj C vius iwath ds vuqikr esa ykHk vkSj gkfu;ksa dks foHkktu djrs gq, lk>snkj
gSA mudk vkfFkZd fpV~Bk fuEufyf[kr Fkk%
jde
jde
Ikwath vkSj nkf;Ro Capital
lEifRr;ka vkSj tk;nkn
and liabilities
ysunkj Creditors
ns; foi= Bill Payable
iwt
a h [kkrs Capital Accounts
:
A
70000
B
80000
C
50000
Amount Assets and Properties
45000 Ukdn gkFk esa Cash in hand
55000 nsunkj debtors 35000
Amount
62000
?kVko % lafnX/k _.k ds
izko/kku Less: Provision for
200000
Doubtful Debits
5000
jgfr;k stock
fofu;ksx Investment
QuhZpj Furniture
Iyk.V vkSj e’khujh Pland
and Machinery
300000
A retires subject to the following adjustments:
(i)All debtors are good.
(ii)Depreciate Furniture by 5 % and Stock by 10 %.
(iii)Interest accrued on investment is 3000.
(iv)Creditors will be written back by 3000.
(v)Goodwill of the firm is valued at 18000.
(vi)Present Value of investment is 25000.
46
30000
40000
20000
24000
124000
3,00,000
SAC/Department of Commerce
Prepare profit and loss adjustment account, Partner‟s Captital Account and new
Balance Sheet of B and C.
fuEufyf[kr lek;kstu ds varxZr vodk’k xzg.k djrk gS %
(i)lHkh nsunkj vPNs gSA
(ii)QuhZpj ij 5 izfr’kr rFkk LVkWd ij 10 izfr’kr âkl yxk,A
(iii)fofu;ksx ij vftZr C;kt 3000 gSA
(iv)ysunkj 3000 ls vifyf[kr gksxkA
(v)QeZ dh [;kfr dk ewY;kadu 18000 fd;k x;k gSA
(vi)fofu;ksx dk orZeku ewY; 25000 gSA
ykHk gkfu lek;kstu [kkrk] lk>snkjksa ds iwt
a h [kkrs vkSj B rFkk C dk u;k vkfFkZd
fpV~Bk cukb,A
Q.49
A, B and C are partners sharing profits in the ratio of 3:2:1. Their balance sheet
was as under:
A, B vkSj C 3%2%1 ds vuqikr eas ykHkksa dk foHkktu djrs gq, lk>snkj gSA mudk
vxzfyf[kr vkfFkZd fpV~Bk Fkk %
Ikwath vkSj nkf;Ro Capital
jde
lEifRr;ka vkSj tk;nkn
jde
and liabilities
ysunkj Creditors
ns; foi= Bill Payable
iwt
a h [kkrs Capital Accounts
:
A
16000
B
12000
C
10400
Amount Assets and Properties
8000 cSad Bank
1600 jgfr;k Stock
nsunkj Debtors
e’khujh Machiniry
Hkwfe vkSj Hkou Land &
38400 Building
48000
(a)A retired and the assets of the firm were revalued as under:
Amount
1600
10400
12000
9600
14400
48000
A vodk’k ys ysrk gS vksj QeZ dh lEifRr;ka fuEufyf[kr izdkj ewY;kadu dh tkuh Fkh
%
[;kfr Goodwill
3200
nsunkj Debitors
11200
jgfr;k Stock
9600
e’khujh Machinery
8800
Hkwfe vkSj Hkou
Building & Building
(b)Creditors to the extent of 2.5 % are net likely to claim their dues.
17600
2-5 izfr’kr rd ds ysunkj ds }kjk vius cdk;k ds fy, nkok djus djus dh lEHkkouk
ugha gSA
Assuming that above adjustments are duly carried through, you are required to
prepare revaluation Account, Partner‟s Captial accounts and balance sheet of B
and C after A‟s retirement.
;g ekurs gqw, fd mi;qDr lek;kstuk,a dj nh xbZ gSa] vki iquewZY;kadu [kkrk] lk>snkjksa
ds iwt
a h [kkrs vkSj A ds vodk’k xzg.k djus ds ckn B vkSj C dk vkfFkZd fpV~Bk
cuk,aA
47
SAC/Department of Commerce
Q.50 Explain the accounting provision related to profit and loss appropriation account
and revaluation account.
ykHk&gkfu fu;kstu [kkrk ,oa iquewZY;kadu [kkrs ls lacafèkr ys[kkadu izkoèku¨a d¨ Li"V
dhft,A
48
SAC/Department of Commerce
Answer Key
1. (b) (c½] 2. (a) (v½] 3. (c) (l½] 4. (b) (c½] 5. (a) (v½] 6. (c) (l½] 7. (a) (v½] 8. (b) (c½] 9.
(a) (v½] 10. (b) (c½] 11. (b) (c½] 12. (d) (n½] 13. (b) (c½] 14. (a) (v½]15. (c) (l½] 16. (a) (v½]
17. (a) (v½] 18. (b) (c½] 19. (c) (l½] 20. (a) (v½] 21. (c) (l½] 22. (a) (v½] 23. (b) (c½] 24.
(a) (v½] 25. (b) (c½
26. Trade (O;kikfjd½] 27. Depreciation (gzkl½] 28. Credit (lekdyu½] 29. Expenditure (O;;½
30. Supense (mPpar½ ] 31. Next (vxys½] 32. Cost of Sales (foØ; dh ykxr½] 33. Liability
(nkf;Ro½] 34. Fluctuation (mPpkopu½] 35. Diminishing Balance ( Øekxr 'ks"k½] 36. Invoice
(chtd½] 37. Closing (vafre½] 38. Space (LFkku½] 39. Net Profit ('kq) ykHk½] 40. Selling
Price, Cost Price (foØ; ewY;½] (ykxr ewY;½] 41. Shortworking (y?kqdk;Z½] 42. Lessee
account (iV~Vsnkj dk [kkrk½] 43. Shortworking (y?kqdk;Z½] 44. Preferential (iwokZf/kdkj½] 45.
Deficiency (ghurk½] 46. All the old partners (iqjkus lHkh lk>snkj½] 47. All (lHkh½] 48. Loan
(_.k½] 49. Capital (iw¡th½] 50. Debited (fodfyr½
51. False (vlR;½] 52. False (vlR;½] 53. False (vlR;½] 54. True (lR;½] 55. False (vlR;½]
56. True (lR;½] 57. False( vlR;½] 58. False (vlR;½] 59. True (lR;½] 60. False (vlR;½]
61. True (lR;½] 62. False (vlR;½] 63. False (vlR;½] 64. True (lR;½] 65. False (vlR;½]
66. True (lR;½] 67. False (vlR;½] 68. False (vlR;½] 69. True (lR;½] 70. False (vlR;½]
71. False (vlR;½] 72. False (vlR;½] 73. True (lR;½] 74. False (vlR;½] 75. False (vlR;½
49
SAC/Department of Commerce
BUSINESS LAW
SECTION A
OBJECTIVE TYPE QUESTIONs
50
SAC/Department of Commerce
Section –A
A.Objective Type Questions
"
(I)Multiple Choice Questions:Q.1.
A contract entered into between the parties by words is called(a) express contract
(b) implied contract
(c) quasi contract
(d) specific contract
nks i{kkas ds chp eas gksus okys ekSf[kd vuqca/k dks dgrs gSaA
(v½O;Dr vuqca/k
(c½fu;fer vuqca/k
(l½dklh vuqca/k
(n½fo’ks"k vuqca/k
Q.2.
When an offer can be accepted only by the person to whom it is made, it is called(a)Express offer
(b)General offer
(c)Specific offer
(d)Implied offer
tc ,d izLrko flQZ mlh }kjk Lohd`r fd;k tk, ftls izkIr gqvk gS mls dgrs gSaA
(v½O;Dr izLrko
(c½vke izLrko
(l½fo’ks"k izLrko
(n½fu;fer izLrko
Q.3.
Consideration must move at the desire of(a)The Promisor
(b)The Promisee
(c)A third party
(d)None of them
{kfriwfrZ fdldh LosPNk ls cnyk tk ldrk gS
(v½'kiFkdrkZ
(c½'kiFkxzkgrk
(l½rhljk i{k
(n½bueas ls dksbZ Hkh ugha
Q.4.
A contract for the benefit of a minor entered into by his manager is
(a)illegal
51
SAC/Department of Commerce
(b)Voidable
(c)Void
(d)Valid
izca/kd }kjk vYiO;Ld ds fy, cuk, x, vuqca/k dgykrk gS
(v½vlaoS/kkfud
(c½ifjR;kx djus ;ksx
(l½fu% lRo
(n½U;k;;qDr
Q.5
Two or more persons are said to consent when they agree upon
(a)The same thing in the same sense
(b)The same thing in any sense
(c)The same thing in a specific sense
(d)None of these
nks ;k mlls T;knk yksx tc ,d gh lEefr dks Lohd`r djrs gS rks
mls dgrs gSA
(v½,d gh pht ,d gh psruk ls
(c½,d gh pht fdlh Hkh psruk ls
(l½,d gh pht ,d fo’ks"k psruk ls
(n½bues ls dksbZ ugha
Q.6
The Indian contract act come into force during
Hkkjrh; vuqca/k (lafonk½ fdl lu~ esa ykxw gqvk A
(a)1872
(c) 1852
Q.7
(b)1827
(d) 1867
Contract with minor is
,d ukckfyx ds lkFk vuqca/k (lafonk½ djus ij
Q.8
(a)illegal
(c) void
(b)valid
(d) voidable
(v½oks xSj dkuwuh gksrk gSA
(l½oks fu"izHkko gksrk gSSA
(c½og oS| gksrk gSA
(n½oks fu"izHkkodj.kh; gksrk gSA
Agreement caused by a bilateral mistake of fact is-
nks yksxks dh xyrh ds dkj.k Lohdkjukes dh lR;rk
Q.9
(a)void
(c) illegal
(b)voidable
(d) valid
(v½fu"izHkko gks tkrh gSA
(l½xSjdkuwuh gks tkrh gSSA
(c½fu"izHkkodj.kh; gks tkrh gSA
(n½oS| gks tkrh gSA
Which of these is a wagering contract?
52
SAC/Department of Commerce
buesa ls dkSu lk nkWo vuqcU/k (lafonk½ ij vk/kkfjr gSA
(a)insurance contract
(c)lottery
(b) teji mandi contract
(d) All of these
(v½ chek vuqcU/k
(c½rst e.Mh vuqca/k
(l½Lohdkjukes }kjk ykWVjh [kjhnuk (n½buesa ls lHkh
Q.10 Consideration must move at the desire of-
izfrQy fdl dh bPNk ds vuqlkj gksrk gS(a)Third party
(c)The promisor
(v½r`rh; i{kdkj
(l½ftlls opu fy;k tk,
Q.11
(b.)The promisee
(d)None of them
(c½ftldks opu fn;k tk,
(n½buesa ls dksbZ ugha
Cosumer Protection Act is applicable on(a) Goods
(c) Restrictive Trade Practices
(b) Services
(d) All of these
miHkksDrk laj{k.k vf/kfu;e ykxw gksrk gS(v½eky ij
(c½lsokvksa ij
(l½vojks/kd O;kikfjd izFkk ij (n½buesa ls lHkh ij
Q.12
In District Forum in addition to President, minimum members are(a) Three
(b) Two
(c) Four
(d) No definite number
ftyk Qksje esa v/;{k ds vfrfjDr de ls de ------lnL; gksus pkfg;s(v½rhu
(c½nks
(l½pkj
(n½dksbZ fuf’pr la[;k ugha
Q.13 Jurisdiction of State Commission is(a) Up to 5 lacs
(c) Up to 30lacs
ftyk Qksje dh vkfFkZd vf/kdkfjrk gS-
(v½ 5 yk[k rd
(l½ 30 yk[k rd
Q.14
(c½20 yk[k rd
(n½ buesa ls dksbZ ugha
Age of a member of State Commission must be not less than(a) 18 years
(b) 25 years
(c) 35 years
(d) 60 years
jkT; vk;ksx dh lnL;rk gsrq de ls de vk;q lhek gS-
(v½ 18 o"kZ
(l½ 35 o"kZ
Q.15
(b) Up to 20 lacs
(d) None of them
(c½25 o"kZ
(n½60 o"kZ
An appellant would be53
SAC/Department of Commerce
(a) Any consumer
(c) Legal heir of consumer
(b) Any voluntary consumer
(d) All of above.
ifjoknh gks ldrk gS (v½ dksbZ Hkh miHkksDrk
(c½dksbZ Hkh LoSfPNd miHkksDrk
(l½ miHkksDrk dk fof/kd mRrjkf/kdkjh (n½mi;qZDr lHkh
Q.16 Parties in a bill of exchange are:
(a) 3 (b) 4 (c) 5 (d) 2 Debtor
fofue; foi= esa i{kdkj gksrs gSa(a) 3 (b) 4 (c) 5 (d) 2
Q.17 Parties in promissory note are:
(a) 4 (b) 3 (c) 2 (d) 5
izfrKki= esa i{kdkj gksrs gSa(a) 4 (b) 3 (c) 2 (d) 5
Q.18 Cheque is written on:
(a) Debtor (b) Third Party (c) Sahukar (d) Bank
pSd esa fy[kk tkrk gS:
(a) nsunkj
(b) r`rh; i{kdkj (c) lkgwdkj (d) cSad
Q.19
Parties to a cheque are :
(a) 2 (b) 3 (c) 4 (d) 5
pSd esa i{kdkj gksrs gSa
(a) 2 (b) 3 (c) 4 (d) 5
Q.20. Which of the following is not negotiable instrument:
(a) Bill of Exchange (b) Cheque (c) Hundi (d) Promissory note.
dkSu ls fofue; lk/; foys[ki= ugh gSa:
(a) fofue; foi=
(b) pSd
(c) gq.Mh (d) izfrKki=
Q.21. Negotiable instrument act applies in(a) Whole of India
(b) Not in J & K
(c) (a) & (b) both
(d) None of these
fofue; lk/; foys[ki= vf/kfu;e ykxw gksrk gS-
(v½ lEiw.kZ Hkkjr esa
(l½ (v½ rFkk (c½ nksauks
Q.22
(c½tEew d'ehj esa ugh
(n½buesa ls dksbZ ugha
Parties of a cheque are(a) 2
(c) 4
pSd esa i{kdkj gksrs gSa(v½ 2
(b) 3
(d) 5
(c½3
54
SAC/Department of Commerce
(l½ 4
Q.23.
In ordinary business the maximum number of partners can be(a) 20
(b) 15
(c) 10
(d) 5
lkekU; dkjksckj esa lk>snkjksa dh vf/kdre la[;k gks ldrh gS-
(v½ 20
(l½ 10
Q.24
Q.25
(n½5
(c½15
(n½5
Partnership Act has been enforced(a) From 1932
(c) From 1930
lk>snkjh vf/kfu;e ykxw gqvk gS-
(b) From 1933
(d) From 1936
(v½ 1932 ls
(l½ 1930 ls
(c½1933 ls
(n½1936 ls
In this which one of following is not a content of partnership deed?
(a) Duration of partnership
(b) Duties of partners
(c) Register of Firms
(d) Relinquishment of partnership
fuEufyf[kr esa ls dkSu&lk lk>snkjh lays[k dk rRo ugha gSa?
(v½ lk>snkjh dh vof/k
(c½ lk>snkjh dk drZO;
(l½ QeksZa ds jftLVj
(n½lk>snkjh ls vyx gksus dh O;oLFkk
(II).Fill in the blanks
_______________
lHkh 'kiFkdrkZ lg;ksx djus ds fy, tokcnkj gS _______________
Q.26
Joint promisors are liable to contribute
Q.27
The finder of the goods has the same responsibility as _______________
lkeku <w¡<us okys dh ftEesnkjh Hkh _______________ tSls gksrh gSA
Q.28
Every _________enforcable by law is a contract
_________ tks dkuwu }kjk ekuuh; gS mls vuqca/k dgrs gSA
Q.29
A contract entered into words is called _____________Contract
'kCnkas }kjk cuk, x, vuqca/k dh _________ vuqca/k dgrs gSA
55
SAC/Department of Commerce
Q.30
An offer made in _____________is called an express offer.
O;Dr fd;k x;k izLrko _______________ ls curk gSA
Q.31 An agreement_______________ by law is a contract.
,d le>kSrk _______________ dkuwu }kjk ,d vuqca/k gSA
Q.32
A proposal when accepted becomes a_______________
izLrko tc Lohdkj fy;k tkrk gS rks og ,d _______________ cu tkrk gSA
Q.33
A contract without_______________ is void.
vuqca/k ______________ fd, fcuk oS| gSA
Q.34
A minor cannot_______________ a promise entered into during his minority.
ukckfyd okns ds nkSjku vius vYila[;d esa izo’s k dh_______________ ugha dj
ldrsA
Q.35
Restoring of something to its proper owner is called_______________
iquZLFkkfir ds ckjs esa dqN djus ds fy, mldk mfpr Lokeh_______________
dgykrk gSAs
Q.36. There are _______________contracts in a contract of guarantee.
izfrHkwfr vuqcU/k esa _______________ vuqcU/k gksrs gSa A
Q.37
A bailment can be of _______________ property only.
fu{ksi dsoy _______________ laifRr dk gks ldrk gS A
Q.38
A person to do any act on behalf of another is called an _______.
og O;fDr tks nwljs O;fDr dh vksj ls dksà dk;Z djus ds fy, fu;qDr fd;k tkrk gS
og ______ gS A
Q.39
Pledge can be of________ things only.
fxjoh dsoy ________ oLrqvksa dh gksrh gS A
Q.40
In pledge the pawnee doesn‟t have the right to _______ the pledged goods.
fxjoh esa fxjoh j[k ysus okys dks eky ________
dk vf/kdkj ugha gksrk A
Q.41
The ______________ partner cannot take part in the management of firm.
______________lk>snkj QeZ ds izca/ku esa Hkkx ugha ys ldrsA
56
SAC/Department of Commerce
Q.42
The partnership is determined from the ______________ between partners.
Lkk>snkjh Hkkxhnkjksa ds chp _______________ ls fu/kkZfjr fd;k tkrk gSA
Q.43
Negotiable instrument act applies in ______________
fofue; lk/; foys[ki= vf/kfu;e ______________esa ykxw gksrk gSA
Q.44
Parties of a cheque are ______________
pSd esa ______________i{kdkj gksrs gSA
Q.45
Parties of a promissory note are ______________ .
izfrKki= esa ______________ i{kdkj gksrs gSA
Q.46
Case in the form of coins and bank notes is called__________under FEMA.
fons'kh fofue; izcU/k vf/kfu;e ds varxZr _______________
dks flDdks ds :i esa jksdM+ o cSad uksVks ds :i esa tkuk tkrk gSA
Q.47
__________ “Person” includes under FEMA.
fons’kh fofue; izca/k vf/kfu;e ds varxZr __________ O;fDr vkrk gSA
Q.48
MRTP Act extends to the whole of the India except the state of __________
Hkkjr esa __________ jkT; dks NksM+dj ckdh lHkh jkT;ksa esa ,dkf/kdkj ,oa
izfrcfU/kr O;kikj O;ogkj ykxw gksrk gSA
Q.49
MRTP Bill was passed on __________.
,dkf/kdkj ,oa izfrcfU/kr O;kikj O;ogkj fcy ikfjr gqvk__________A
Q.50
Any Currency other than Indian Currency is known as__________
Hkkjrh; eqnzk ds vfrfjDr fdlh nwljs ns’k dh eqnzk dks__________ds uke ls tkuk
tkrk gSA
True or False
Q.51
An agreement for marriage brokerage is not apposed to public policy.
fookg foPNsn djkj lekt ds fu;ekas ds fo:) ugha gSA
Q.52
A lottery always remains a wager, though it may not always be illegal.
ykWVjh ,d tqvk gS ijarq ;g dHkh&dHkh vlaoS/kkfud ugha jgrhA
Q.53
Wager is in the nature of a contingent contract but made void by law.
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SAC/Department of Commerce
nka¡o lafnX/k vuqca/k gS ijarq dkuwu }kjk fu%lRo gSA
Q.54
The finder of goods is the next best aware to the real amount.
fdlh Hkh lkeku dk [kkstdrkZ mldk vxyk okftc gdnkj gSA
Q.55
A release of one promisor does not discharge the other joints promisors.
,d 'kiFkdrkZ ds iyk;u ls laLFkk lekIr ugha gksrhA
Q.56
The contract act 1872 applies to the whole of india.
lafonk vf/kfu;e 1872 iwjs Hkkjr ij ykxw gksrk gSA
Q.57
There can be a contract without ' consensus at item
D;k fdlh Hkh oLrq ds lkFk ,d vuqca/k ls ckgj gks ldrs gS?
Q.58
The contract act is compeltely silent on the question of the place of contract
lafonk vf/kfu;e, vuqca/k dh LFkku ds loky ij iwjh rjg 'kkar gSA
Q.59
A contract must consist of two elements agreemant and enforceability.
,d vuqca/k nks rRo le>kSrs vkSj {kerk dks ykxw djuk ls feydj curk gSA
Q.60
Law of contract is the law of all obligations.
vuqca/k dk dkuwu lHkh nkf;Ro dk dkuwu gSS A
Q.61 The Consumer Protection Act was passed in 1964.
miHkksDrk laj{k.k vf/kfu;e 1964 esa ikfjr gqvk A
Q.62
Partial acceptance of an offer is invalid.
fdlh Hkh izLrko dh v/kZ Lohd`fr voS| gS A
Q.63
Acceptance once given cannot be revoked.
,d ckj nh xà Lohd`fr cnyh ugha tk ldrh A
Q.64
An invitation to offer is not the same thing as offer.
izLrko ds fy, fn;k x;k vkea=.k izLrko ugha dgykrk A
Q.65
An agreement made over telephone is not valid agreement.
VsyhQksu esa fd;k gqvk vuqca/k oS/k ugha gksrkA
Q.66
District Forum can pass interim order.
ftyk Qksje varfje vkns'k ikfjr dj ldrs gSaA
Q.67
Crossing provides safety to a cheque.
js[kkadu pSd dks lqj{kk iznku djrk gS A
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SAC/Department of Commerce
Q.68. Crossing on a cheque is on the left hand side.
pSd ij js[kkadu ckÃa vksj gksrk gSA
Q.69
It is not necessary that a negotiable instrument may be in writing.
fofue; lk/; ys[ki= dk fa yf[kr gksuk vko’;d ugha gSA
Q.70.
A minor can be a partner in a firm.
,d vo;Ld QeZ esa lk>snkj cu ldrk gSA
Q.71 Members & President of the district forum are appointed by the State government.
ftyk Qksje ds v/;{k ,oa lnL;ksa dh fu;qfDr jkT; ljdkj }kjk dh tkrh gSA
Q.72
Age of a member of State commission must not be less than 25 years.
jkT; vk;ksx dh lnL;rk gsrq vk;q lhek 25 o"kZ gS A
Q.73
Consumer Protection Act is applicable on goods only.
miHkksDrk laj{k.k vf/kfu;e dsoy eky ij ykxw gksrk gS A
Q.74
Juridiction of a district forum is upto 20.00 lacs.
ftyk Qksje dh vkfFkZd vf/kdkfjrk lhek
Q.75
20-00 yk[k rd gS A
Minimum of two members are required in District forum in addition of the
President.
ftyk Qksje esa v/;{k ds vfrfjDr de ls de nks lnL; gksus pkfg;s A
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SAC/Department of Commerce
BUSINESS LAW
SECTION B
SHORT ANSWER TYPE
QUESTIONs
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SAC/Department of Commerce
B.Short Answer Type Questions
Q.1
Distinguish between coercion and undue influence.
mRihM+u ,oa vuqfpr izHkko eas varj Li"V dhft,A
Q.2
What is a sub-agent?
mi ,tsVa D;k gS \
Q.3 What is subtituted agent?
LFkkukiUu ,tsVa D;k gS \
Q.4 What is the difference between pledge and lien?
fxjoh o xzg.kkf/kdkjh esa D;k vUrj gSa \
Q.5
What do you mean by control of indemnity?
{kfriwfrZ vuqcU/k ls vki D;k le>rs gSa \
Q.6
What do you mean by right to claim for damages?
{kfriwfrZ izkIr djus ds vf/kdkjh ls vki D;k le>rs gSa \
Q.7
What is continuing guarantee?
Pkkyw izfrHkwfr D;k gS \
Q.8
What is commodatum Contract?
fu%'kqYd vuqcU/k D;k gS\
Q.9
Differentiate between pledge and contract?
fxjoh o vuqca/k esa varj Li"V dhft,\
Q.10
Explain difference between ordinary & special damages?
Lkk/kkj.k o fo'ks"k {kfriwfrZ esa varj Li"V dhft,\
Q.11
Write different kinds of guarantee.
izfrHkwfr ds izdkj crkb,A
Q.12.
What is partnership?
Lkk>snkjh D;k gS\
Q.13. What is partnership deed?
lk>snkjh lays[k D;k gS\
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SAC/Department of Commerce
Q.14
What is the position of minor in a partnership firm?
Ukkckfyx dh lk>snkjh QeZ esa D;k fLFkfr gS\
Q.15
Explain the following:Partnership property
Working partner
Kinds of partners
Sleeping partner
fuEufyf[kr dks le>kb;s &
Lkk>snkjh laifRr
dk;Z’khy lk>snkj
lk>snkjh ds izdkj
fu"Øh; lk>snkj
Q.16
Explain the Essential features of partnership.
lk>snkjh ds vko';d igyqvksa dks le>kb;s A
Q.17
What is touchstone of partnership? Explain.
lk>snkjh dh dlkSVh D;k gS\ Li"V dhft,A
Q.18
State any Eight point includible in Partnership Deed.
lk>snkjh lays[k esa fn, tkus okys fdUgha 8 fcUnqvksa dks Li"V dhft,A
Q.19
Explain Special Crossing
fo'ks"k js[kkadu dks le>kb,A
Q.20
Explain Restricted Crossing.
lhfer js[kkadu dks le>kb, A
Q.21
Explain Material Changes.
egRoiw.kZ ifjorZu dks le>kb,A
Q.22
What is meant by Negotiable Instrumens?
fofue;lk/; ys[ki= ls D;k vk’k; gS\
Q.23
Distinguish between cheque and a Bill or Exchange.
psd rFkk fofue; foi= esa vUrj Li"V dhft,A
Q.24
Explain Inchoate Instrument.
viw.kZ izy[s k dks le>kb;sA
Q.25.
Differentiate between Consumer and Appellant.
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SAC/Department of Commerce
miHkksDrk ,oa ifjokn esa vUrj crkb;sA
Q.26.
Define Unfair Trade Practice.
vuqfpr O;kikfjd izFkk dks Li"V dhft;sA
Q.27.
Explain Consumer Protection Council.
miHkksDrk laj{k.k ifj"kn dk vk’k; Li"V dhft;sA
Q.28.
Explain constitution of State Commission.
jkT; vk;ksx ds xBu dks Li"V dhft;s A
Q.29.
Explain Restrictive trade practice.
izfrcfU/kr O;kikfjd izFkk dks Li"V dhft;s A
Q.30
Define Current Account Transaction.
pkyw [kkrk gLrkarj.k le>kb,A
Q.31
What is meant by foreign security?
fons'kh izfrHkwfr ls vki D;k le>rs gS \
Q.32
Explain M.R.T.P. Commission.
,dkf/kdkj ,oa izfrcaf/kr O;kikj O;ogkj dks le>kb,A
Q.33
Explain any four objective of FEMA act, 2000.
Qsek vf/kfu;e ds izeq[k pkj fcUnqvksa dks le>kb,A
Q.34
What do you mean by foreign exchange?
fons'kh fofu;e; ls vki D;k le>rs gS \
Q.35.
Explain any three elements of valid contract.
,d oS| vuqca/k ds fdUgh rhu rRo®a dh O;k[;k dhft,\
Q.36.
Q.37
What are quasi contracts?
v/kZ vuqca/k D;k gS?
Explain reciprocal promises.
ikjLifjd oknksa dk fu"iknu le>kb,A
Q.38.
What is meant by breach of contract?
vuqcU/k “ax fdls dgrs gSaA
Q.39.
Define the performance of a contract.
vuqca/k ds fu"iknu d¨ ifjHkkf"kr dhft,A
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SAC/Department of Commerce
Q.40.
Explain restitution with example.
cgkyh D;k gS mnkgj.k lfgr le>kb,A
Q.41. What is unlawful object?
xSj dkuwuh oLrq D;k gS\
Q.42. Give short note on-undue influence, mistake and misrepresentation.
vuqfpr izHkko vkSj xyrh ,ao xyr izn’kZu ij fVIi.kh nhft,A
Q.43. What are the consequences of Agreement of persons of unsound mind?
vLoLFk eu ds O;fDr;ksa ls le>kSrs djus dk D;k ifj.kke gksrs gSa\
Q.44.
Explain cross offer with example.
izfr izLrko d® mnkgj.k lfgr le>kb,A
Q.45
Explain implied offer with example.
xfHkZRk izLrko d® mnkgj.k lfgr le>kb,A
Q.46
Define Lien?
Xkzg.kkf/kdkjh d¨ ifjHkkf"kr dhft,A
Q.47
“Criminals cannot contract” Explain
^^vijk/kh vuqca/k ugha dj ldrsA** O;k[;k dhft,A
Q.48
Distinguish between void Agreement and illegal Agreement.
oS| Bgjko vkSj vlaoS/kkfud Bgjko esa varj crkb,A
Q.49
Is consideration for a valid contract necessary? Explain.
D;k oS| vuqca/k ds fy;s izfrQy gksuk vko’;d gS\ Li"V dhft,A
Q.50
What do you mean by Endorsement?
i`"Bkadu ls vki D;k le>rs gSa ?
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SAC/Department of Commerce
BUSINESS LAW
SECTION C
LONG ANSWER TYPE
QUESTIONs
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SAC/Department of Commerce
C.Long Answer Type Questions
Q.1.
Define a valid contract? What are the main essentials of a valid contract?
mfpr vuqca/k D;k gS\ mfpr vuqca/k dh eq[; fo’ks"krk,a crkb,A
Q.2.
When does an offer come to an end? Explain
dksbZ izLrko dc lekIr gksrk gS\ O;k[;k dhft,A
Q.3.
Explain the various types of mistakes?
=qfV;kas ds fofHkUu izdkjkas dh O;k[;k dhft,A
Q.4.
What do you understand by the capacity of parties
contract? Describe the position of a minor in this connection?
to
sign
a
i{kdkjkas dh vuqca/k djus dh {kerk ls vki D;k le>rs gS\ bl lac/a k eas vo;Ld dh
fLFkfr dh foospuk dhft,A
Q.5.
Define the performance of a contract. Discuss the rules relating to
performance of contract.
vuqca/k ds fu"iknu dh ifjHkk"kk nhft,A vuqca/kkas ds fu"iknu ls lacaf/kr fu;ekas dh
foospuk dhft,A
Q.6.
Explain the elements of valid contract with examples.
,d oS| vuqca/k ds rRo®a dh mnkgj.k lfgr O;k[;k dhft,\
Q.7.
Explain exceptions of agreement in restrain of legal proceedings.
dkuwuh dk;Zokgh ds la;e esa le>kSrksa ds viokn dks le>kb,A
Q.8.
All contingent contracts are not valid and those are called as contingent
agreements” Explain briefly by giving suitable example.
lHkh ny vuqca/k]oS| ugh gSa vkSj vkdfLed le>kSrs dgykrs gSaA mi;qDr mnkgj.k nsdj
le>kb,\
Q.9.
What are quasi contract and give its 3 salient features. Explain any 5
circumstances when quasi contractual relations arise.
v/kZ vuqca/k D;k gS vkSj mlds rhu eq[; fo’ks"krk, crk,A fdlh ikWp ifjfLfFkr;ksa dh
O;k[;k dhft,,tc v/kZ vuqca/k iSnk gksrk gS\
Q.10. Write the performance of reciprocal promises and give the kinds of reciprocal
promises. Discuss with example.
ikjLifjd oknks dk fu"iknu fyf[k;s vkSj ikjLifjd oknks ds izdkj®a dks mnkgj.k lfgr
le>kb, A
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SAC/Department of Commerce
Q.11
What is meant by breach of contract? What are the various remedies for breach of
contract?
vuqcU/k “ax fdls dgrs gSaA vuqcU/k “ax dh fLFkfr esa dkSu dkSu ls mipkj miyC/k
gS\
Q.12
Describe in breif the remedies available to an aggreived party in case of breach of
contract.
vuqcU/k [k.Mu esa ihfM+r i{kdkj dks izkIr mipkjksa dks laf{kIr esa le>kb;s \
Q.13
What is guarantee? Give various rules of such a contract?
izfrHkwfr vuqcU/k D;k gS\ izfrHkwfr ds fofHkUu fu;eksa dks le>kb,A
Q.14
Define bailment. Explain rights and duties of baliee.
fu{ksi D;k gS \ ,d fu{ksixzghrk ds vf/kdkj ,oa nkf;Roksa dk mYys[k dhft,A
Q.15
Define pledge. What are the rights of a Pawnee?
fxjoh dh ijhHkk"kk nhft, A fxjoh j[k ysus okys ds vf/kdkjksa dk o.kZu dhft,\
Q.16
What are the rights of a Bailee?
fu{ksixzghrk ds vf/kdkj D;k gS\
Q.17
What are the liabilites of a bailee?
fu{ksxzfgrk ds drZO; rFkk mRrjnkf;Ro D;k gS\
Q.18
What are different kinds of guarantee? Explain with examples.
izfrHkwfr ds izdkj crkb, ,oa O;k[;k dhft,\
Q.19
Explain rights against Co-securities.
Lkg izfrHkwvksa ds fo:) vf/kdkj dh O;k[;k dhft,A
Q.20
Explain the rights & duties of Pawnee.
fxjoh j[k ysus okys ds vf/kdkj rFkk drZO; dh O;k[;k dhft,A
Q.21. Define partnership and dicuss its elements.
Lkk>snkjh dh ifjHkk"kk nhft, rFkk blds vko’;d y{k.kksa dh O;k[;k dhft,A
Q.22. “Mere participation in the profit of trade is not conclusive evidence of the existence
of partnership” Discuss?
^O;kikj ds ykHk esa Hkkx ysuk gh lk>snkjh dh fo|ekurk dk fu'p;kRed izek.k ugh
gSA** O;k[;k nhft, \
Q.23. Define Partnership. How would you determine whether a group of persons
constitute a partnership or not?
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SAC/Department of Commerce
Lkk>snkjh dh ifjHkk"kk nhft,A vki dSls fu.kZ; djsxsa fd O;fDr;ksa dk dksbZ lewg
lk>snkjh gS vFkok ugh\
Q.24. Explain the mutual rights and duties of partnership in the absence of partnership
deed.
Lkk>snkjh lays[k ds vHkko esa lk>snkjh ds ikjLifjd vf/kdkjks ,oa drZO;ksa dh
O;k[;k nhft,\
Q.25. Define Negotiable instruments and describe the fundamental characterstics which
distinguish these from ordinary goods?
i`"Bkadu dks ifjHkkf"kr dhft, ,oa mu ewy fo’ks"krkv®a dks le>kb, t® bls lkekU;
oLrqvksa ls fHkUu djrh gSaA
Q.26
What do you mean by „Noting‟ and „Protest‟? It is compulsory under law?
^vkyksdu* ,oa ^izek.ku* ls vki D;k le>rs gSa\ D;k fo/kku }kjk ;g vko’;d gS\
Q.27. What is the effect of „crossing a cheque‟? Can a cheque crossed Not-Negotiable
be endorsed and negotiated?
psd ds js[kkadu dk D;k izHkko gksrk gS\ ,d psd ftl ij vijkØe.k js[kkadu gqvk gS
cspku rFkk ijkØe.k gks ldrk gS\
Q.28. Define negotiable instrument and discuss the legal presumptions of negotiable
instrument.
fofue;lk/; ys[ki= dh ifjHkk"kk nhft, rFkk bldh oS/kkfud ekU;rkvksa dh foospuk
dhft,A
Q.29. Explain the mutual rights and duties of partnership in the absence of Partnership
Deed.
lk>snkjh lays[k ds vHkko esa lk>snkjh ds ikjLifjd vf/kdkjksa ,oa drZO;ksa dh O;k[;k
dhft,A
Q.30. The relation of partnership arises from contract and not from status”. Discuss
this statement and state the essential elements of partnership.
lk>snkjh dk lEcU/k vuqcU/k ls mRiUu gksrk gS] fLFkfr ls ugha**A bl dFku dh O;k[;k
dhft, rFkk lk>snkjh ds vko’;d y{k.k crkb,A
Q.31. A and B occasionally buy gold from the market make ornaments therefrom with
the help of a goldsmith in their employment and sell the ornaments at profit. The
profits are shared between them. Subsequently, A takes an advance from a
customer on account of ornaments and runs away. Discuss B‟s legal position.
^v* rFkk ^c*dHkh&dHkh cktkj ls lksuk Ø; djrs gSa vkSj ,d lqukj dh lgk;rk ls
mlds vkHkw"k.k cuokdj ykHk ij foØ; dj nsrs s gSaA ykHk os vkil esa ckaV ysrs gSaA ckn
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SAC/Department of Commerce
esa ^v* ,d xzkgd ls is'kxh ys ysrk gS vkSj Hkkx tkrk gSA ^c* dh oS/kkfud fLFkfr
crkvksA
Q.32. What do you mean by Endorsement? Explain the various types of endorsements
with example.
i`"Bkadu ls vki D;k le>rs gSa\ fofHkUu izdkj ds i`"Bkadu dks mnkgj.k lfgr
le>kb,A
Q.33. Explain the constitution object & powers of Consumer court in India.
Hkkjr esa miHkksDrk U;k;ky;ksa ds xBu] mn~ns’; ,oa 'kfDr;ksa dh foospuk dhft;sA
Q.34. What are the polices of District forum in the redresssal of consumer grievances?
ftyk Qksje esa f’kdk;rksa ds fujkdj.k ds fy;s D;k uhfr funsZ’k gS\
Q.35
What are the reliefs provided under the Consumer Protection Act?
miHkksDrk laj{k.k vf/kfu;e ds varxZr dkSu ls fuokjd mik; fd;s x;s gS \
Q.36. What is the Central Consumer Protection Council? Explain with its objectives.
ftyk miHkksDrk laj{k.k ifj"kn D;k gS\ mn~ns’; ds lkFk foospuk dhft;sA
Q.37
Give critical appraisal of Consumer Protection Act.
miHkksDrk laj{k.k vf/kfu;e dk vkykspukRed ewY;kadu dhft;sA
Q.38. Explain in brief Agreement Register by director?
egkfuns’kddkjh }kjk iathd`r Bgjkoksa dks le>kb, \
Q.39. How MRTP commission is constituted and what are the main objects of MRTP.
Act ?
MRTP vk;ksx dk xBu dSls gqvk rFkk vk;ksx ds egRoiw.kZ mn~ns’; D;k gSa\ le>kb,A
Q.40. Write the difference between FERA and FEMA?
Qsjk o Qsek ds e/; varj crkb, \
Q.41. What is Foreign Exchange Management Act 2000? Discuss its main provisions.
fons'kh fofue; izca/k vf/kfu;e 2000 D;k gS\ blds egRoiw.kZ fcanqvksa ij fopkj dhft,A
Q.42. What restrictions have been imposed on dealing in foreing exchange?
fons’kh fofue; ds varxZr O;kikj djus ij fdu dk;ksZa dks djus ij jksd yxkbZ xbZ
gS\ crykb,A
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SAC/Department of Commerce
Q.43. What is meant by Discharge of Instrument? How a Negotiable Instrument is
discharged?
fofue;lk/; foys[ki= ds fu"iknu ls D;k vk’k; gS\ ,d fofue;lk/; foys[ki= dk
fu"iknu dSls fd;k tkrk gS\
Q.44. What is meant by crossing of a cheque? Describe the various kinds of crossing of
cheques with their legal effect?
psd ds js[kkadu dk D;k vk’k; gS \ js[kkadu ds fofHkUu izdkjksa dks mlds oS/kkfud
izHkko lfgr le>kb,A
Q.45. “Agreement with minor is void ab initio.” Explain.
vO;Ld ds lkFk fd;k x;k Bgjko izkjEHk ls gh O;FkZ gksrk gSA Li"V dhft,A
Q.46. A minor binds others, but is never bound by others.” Explain this statement.
,d vO;Ld nwljksa dks rks ck/; djrk gS fdUrq Lo;a nwljksa ls dHkh Hkh ck/; ugha
gksrk gSA bl dFku fd foospuk dhft,A
Q.47 What is partnership deed? Discuss its elements and utility.
lk>snkjh lays[k D;k gS \ blds rRoksa rFkk mi;ksfxrk dh foospuk dhft,A
Q.48. Explain the mutual rights and duties of partners in the absence of any contract.
fdlh vuqcU/k ds vHkko esa lk>snkjksa ds ikjLifjd vf/kdkjksa rFkk dÙkZO;ksa dh O;k[;k
dhft;sA
Q.49. Discuss the powers of Commission under the M.R.T.P Act,1969.
,dkf/kdkj ,oa izfrcU/kkRed O;kikj O;ogkj vf/kfu;e] 1969 esa vk;ksx ds vf/kdkjksa dk
o.kZu dhft,A
Q.50. Discuss the various agreements which are expressly declared by the Indian
contract act to be void.
Hkkjrh; vuqcU/k vf/kfu;e ds vUrxZr Li"V :i ls O;FkZ ?kksf"kr Bgjkoksa dh foospuk
dhft;sA
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SAC/Department of Commerce
Answer Key
1. (a) (v½] 2. (c) (l½] 3. (a) (v½] 4. (d) (n½] 5. (c) (l½] 6. (a) (v½] 7. (c) (l½] 8. (a) (v½] 9.
(c) (l½] 10. (c) (l½] 11. (c) (l½] 12. (b) (c½ 13. (d) (n½] 14. (c) (l½] 15. (d) (n½] 16. (a) (v½]
17. (c) (l½] 18. (d) (n½] 19. (a) (v½ 20. (c) (l½] 21(b) (c½ 22. (a) (v½] 23. . (a) (v½] 24.
(a) (v½] 25. (c) (l½]
26. Equally (leku½] 27. Bailee (fu{ksix`fgrk½] 28. Agreement (Bgjko½] 29. Express (O;Dr½
30. Words ('kCn½ ] 31. Enforcable (ekuuh;½] 32. Promise (opu½] 33. Consideration
(izfrQy ½] 34. Ratify (izekf.kr djuk½] 35. Restitution ({kfriwfrZ½] 36. Three (rhu½] 37.
Movable (py lEifRr½] 38. Agent (izfrfufËk½] 39. Immovable (vpy½] 40. Use(mi;¨x½] 41.
Nominal (ukeek«k½] 42. Relation (lacaËk½] 43. India except J&K 44. Drawer, Drawee and
Payee(vkgkrkZ vkgkjhZ HkqxrkudrkZ½] 45. Promisor & Promisee (opunkrk ,oa opux`fgrk½] 46.
Currency (eqnzk½] 47. Authorized (vfËkd`r½] 48. J& K 49. 1969 50. Foreign Currency
(fons'kh eqnzk½
51. False (vlR;½] 52. True (lR;½] 53. False (vlR;½] 54. True (lR;½] 55. True (lR;½] 56.
False (vlR;½] 57. False( vlR;½] 58. False (vlR;½] 59. True (lR;½] 60. False (vlR;½] 61.
False (vlR;½] 62. True (lR;½] 63. True (lR;½] 64. True (lR;½] 65. False (vlR;½] 66.
True (lR;½] 67. True(lR;½] 68. True (lR;½] 69. False (vlR;½] 70. True (lR;½] 71. False
(vlR;½] 72. False (vlR;½] 73. False (vlR;½] 74. True (lR;½] 75. True (lR;½
71
SAC/Department of Commerce
MICRO ECONOMICS
SECTION A
OBJECTIVE TYPE QUESTIONs
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Section –A
A.Objective Type Questions
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(I)Multiple Choice Questions:-
Q.1 Which economist has given more importance to human welfare as compared to
wealth?
(a) Marshall
(b) Robbins
(c) J.K. Mehta
(d) Samuelson
fdl vFkZ'kkL=h us /ku dh rqyuk es ekuo mUufr dks T;knk egRo fn;k gSA
(v½ ek'kZy
(c½ jkfculu
(l½ ts-ds- esgrk
(n½ lsE;qylu
Q.2 Which of the following definitions of economics includes the economic concept of
“Scales of Preferences”
(a) Wealth
(b) Welfare
(c) Scarcity
(d) Growth
buesa ls fdl vFkZ’kkL=h dh ifjHkk"kk es “ojh;rkvksa ds rjktw dh vkfFkZd vo/kkj.kk” Hkh
'kkfey gS
(v½ /ku
(l½ lhferrk
(c½ dY;k.k
(n½ fodkl
Q.3 Micro economics can be divided into.
(a) Product Pricing
(b) Factor Pricing
(c) Theory of welfare economics (d) All of these.
O;f"V vFkZ’kkL= dks foHkkftr fd;k tk ldrk gS &
(v½ oLrq ewY;u esa
(c½ NksVs&NksVs pjkas esa
(l½ vkfFkZd dY;k.k es
(n½ mijksDr lHkh esa
Q.4 Economics is a Science”. Basis of the statement is:
(a) Relation between cause and effect
(b) Use of deductive and inductive method for the formation of laws
(c) Experiments
(d) All of the above
fdl dFku ds vk/kkj ij ^^vFkZ’kkL= ,d foKku gS** %
(v½ dkj.k vkSj çHkko ds chp laca/k
(c½ dkuwuksa ds xBu ds fy;s fuxeu vkSj vkxeu fof/k dk ç;ksx
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(l½ ç;ksx
(n½ mijksDr lHkh
Q.5 “Problem of Capital Formation in under developed countires” Who is the writer of
this book(a) Marshall
(b)Regner Nurkse
(c) Robin
(d)None of these
“Problem of Capital Formation in under developed countires”;g iqLrd fdlus fy[kh
gSA
(v½ ek'kZy
(l½ jkWfcu
(c½ jsxuj udZls
(n½ buesa ls dksbZ ugha
Q.6 Which one of the following is related to micro economics?
(a) Theory of Inflation.
(b) Theory of employment.
(c)Theory of consumption function (d) Theory of economic development.
O;f"V vFkZ’kkL= ls lEcfU/kr gS &
(v½ eqnzkLQhfr dk fl)kar
(c½ jkstxkj fl)kar
(l½ miHkksx Qyu fl)kar
(n½ vkfFkZd fodkl dk fl)kar
Q.7 What are the causes for origin of economic problems -
(a) Unlimited human wants
(c) Problem of choice
(b) Scarcity of resources
(d) All of the above
vkfFkZd leL;kv¨a ds mRiUu gksus ds D;k dkj.k gS(v½ ekuo dh vlhfer vko’;drk,sa
(c½ lhfer lk/ku
(l½ oSdfYid Á;ksx
(n½ mijksDr lÒh
Q.8 Disguised unemployment means(a) Workers are voluntadry unemployed
(b) Workers not getting jobs
(c) Less number of workers engaged in a factory than required
(d) More number of workers engaged in a factory than required
-
ÁPNUu csjkstxkjh dk vFkZ(v½ etnwj viuh LoSfPNdrk ls csjkstxkj gaS
(c½ etnwjksa dks ukSdjh ugha fey jgh gS
(l½ QSDVzfj;ksa esa t:jr ls de etnwj
(M½ QSDVzfj;ksa esa t:jr ls T;knk etnwj
Q.9 Elasticity of demand indicates(a)Change in quantity demand
(c)Change in price
ekax dh yksp n’kkZrh gS(v½ekaxh xbZ
(l½dher eas
ek=k eas ifjorZu
ifjorZu
(b)Rate of change in quantity demand.
(d)Change in income
(c½
ekaxh xbZ ek=k eas ifjorZu dh nj
(n½ vk; eas ifjorZu
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Q.10 Inductive method was first proposed by:
(a) Francis Bacon
(b) Christian Hygenes
(c) Aristotle
(d) Issac Newton
vkxeukRed i)fr dk izfriknu fdlus fd;k %
(v½ Qzkfa ll csdu
(c½ fØf’p;u gkbftUl
(l½ vfjLVksVy
(n½ vkbtsd U;wVu
Q.11 When change in price causes no change in the quantity demanded, refers to
(a)Perfectly inelastic demand
(b)Unitary elastic demand
(c)Greater than unitary elastic demand
(d)Perfectly elastic demand
ewY; esa ifjorZu ds dkj.k ekax dh ek=k esa dksbZ ifjorZu uk vk;s rks ;g ekax gksxh \
(v½ iw.kZr;k ykspnkj ekax
(c½ iw.kZr;k csykspnkj ekax
(l½ ,dkRed ykspnkj ls vf/kd (n½ ,dkRed ykspnkj ekax
Q.12 Factors affecting elasticity of demand is:
(a)Quality of commodity
(b) Curved demand line
(c)Point method
(d) Income elasticity of demand
ekax dh yksp dks izHkkfor djus okys rRo%&
(v½oLrq ds xq.k
(c½oØkdkj ekax js[kk
(l½fcUnq fof/k
(n½ ekax dh vk; yksp
Q.13 If Ed =1, it is a situation of
(a)Unitary elastic demand
(b)Inelastic demand
(c) Elastic demand
(d) None of them
ekax dh yksap ,d ls de gS] rks ;g dkSu lh fLFkfr gSS
(v½,dkRed ykspnkj ekax (c½ csykspnkj ekax
(l½ ykspnkj ekax
(n½ buesa ls dksbZ ugha
Q.14 When 5% increase in price causes 5% increase in expenditure on the commodity
then elasticity of demand is
(a)Unitary elastic
(b)Greater than unitary
(c)Less than unitary (d) Zero
tc dher esa 5 izfr’kr dh o`f) oLrq ij gksus okys dqy [kpZ esa 5 izfr’kr dh o`f)
yk;s, rc oLrq dh ekax dh yksp gksxh ;
(v½ ,dkRed yksp
(c½ ,dkRed ls vf/kd
(l½ ,dkRed ls de
(n½ 'kwU;
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Q.15 The percentage change in the quantity demanded in response to a percentage change
in the price is known as the(a)Slope of the demand curve.
(b)Excess demand.
(c)Price elasticity of demand.
(d)All of the above
ek=k eas izfr’kr ifjorZu ds ifj.kke Lo:i dher eas izfr’kr ifjorZu dks dgk tkrk gS &
(v½ekax oØ dk <ky
(c½vfrfjDr ekax
(l½ekax dh dher yksp(n½ mijksDr lÒh
Q.16 Inflation would(a) Reduce or erode savings
(c) Minimize profit
(b) Increase capital formation
(d) All the above
eqnzk LQhfr(v½ gekjh cpr dks de djrk gSA (c½ iwt
a h fuekZ.k dks c<+krk gSA
(l½ ykHk dks de djrk gSA
(n½ mijksDr lÒh
Q.17 When the demand is infinite at the prevailing price refers to(a) Perfectly elastic demand
(b) Perfectly inelastic demand
(c) Unitary elastic demand
(d) Greater than unitary elastic demand
tc ekax ekStwnk dher ij vuar gS rks ;s dSlh ekax gS \
(v½ iw.kZr;k yksapnkj ekax
(c½ iw.kZr;k csyksapnkj ekax
(l½ ,dkRed yksapnkj ekax
(n½ yksapnkj ekax ls vf/kd
Q.18 Micro economic is known as:(a)Consumption Theory
(b) Price Theory
(c)Distribution
(d) None of these
O;f"V vFkZ'kkL= dks dgk tkrk gS&
(v½ miHkksx fl)kar
(c½ ewY; fl)kar
(l½ forj.k
(n½buesa ls dksbZ ugh
Q.19. According to Marshall factors of production are(a)Five
(b) Four
(c)Three
(d) Two
ek'kZy ds vuqlkj mRiknu ds lk/ku gksrs gSa
(v½ ikWap
(c½ pkj
(l½ rhu
(n½ nks
Q.20. Forms of division of labour are:
(a) Simple division of labour
(c) Geographical division of labour
(b) Complex division of labour
(d) All the above
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Je foHkktu ds :i gS %
(v½ lk/kkj.k Je foHkktu
(l½ HkkSxksfyd Je foHkktu
(c½ tfVy Je foHkktu
(n½ mijksDr lHkh
Q.21. Malthus presented his Theory of Population in the year (a) 1766
(b) 1798
(c) 1834
(d) 1792
ekYFkl us viuk tula[;k laca/kh fl)kUr izLrqr fd;k &
(v½ 1766
(c½ 1798
(l½ 1834
(n½ 1792
Q.22. Efficiency of labour depends on:
(a) health and vigor of labour (b)labour education
(c)attitude towards work
(d)all the above
Je dh dq’kyrk fuHkZj djrh gS %
(v½ Jfed dk LokLF; ,oa rkdr
(l½ dk;Z ds izfr :[k
(c½ Jfed dh f’k{kk
(n½ mijksDr lHkh
Q.23. Which is the attribute of capital(a) Man made
(b) passive
(c) immobile
(d )all of the above
fuEu esa ls dkSu lh iwath dh fo’ks"krk gS(v½ ekuo fufeZr
(c½ fuf"dz;
(l½ fLFkj
(n½ mijksDr lHkh
Q.24. Production has been defined as :
(a)Utility creation
(b)Providing services
(c)Agricultural operation
(d)Manufacture of goods
mRikndrk dks fuEu izdkj ifjHkkf"kr fd;k tk ldrk gS %
(v½ mi;ksfxrk l`tu
(c½ lsokvksa dk iznk;
(l½ d`f"k dk;Z
(n½ oLrqvksa dk fuekZ.k
Q.25. Production is a function of:
(a) profit
(b) factors
(c) price
(d) costs
mRiknu -------------dk ,d Qyu gS %
(v½ ykHk
(c½ dkjdksa
(l½ ewY;
(n½ ykxr
(II).Fill in the blanks
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Q.26 Robbins has defined ___________ concept.
jkWfcUl us ------------------------- vo/kkj.kk dks ifjHkkf"kr fd;k gSA
Q.27 Economic laws are ……….. certain than natural law.
vkfFkZd fu;e izkd`frd fu;ekas ls--------------------fuf’pr gksrs gSA
Q.28 The sampoorna grameen rozgar yojna was launched on______.
lEiw.kZ xzkeh.k ;kstuk -------------------------------dks ykxw gqbZ FkhA
Q.29 ……………refers to the practice of charging different prices from different buyers
at the same time for the same product.
fofHkUu xzkgdksa ls ,d le; esa ,d gh oLrq ds fy;s fofHkUu ewY; ysuk --------------------dgykrk gS A
Q.30. Samuelson has given the concept of ___________.
lsE;qylu us -------------------------- vo/kkj.kk dks izLrqr fd;k gSA
Q.31 Elasticity of demand is measured by........... of goods.
ekax dh yksp dks oLrq ds ---------------------------ds ek/;e ls ekik tkrk gSA
Q.32 The main cause of growing unemployment in India is_________.
Òkjr esa csjkstxkjh c<+us dk izeq[k dkj.k -------------------------------------------------------- gSaA
Q.33 In ………stage of production Marginal productivity is negative.
mRiknu dh ------------------------voLFkk esa lhekar mRiknu _.kkRed gksrk gSA
Q.34 Investment of capital is carried out in....................
---------------- esa iwt
a h dk fofu;ksx fd;k tkrk gS A
Q.35Production means the transformation of……… into…………
mRiknu dk vFkZ ------------------------ dh -------------------------- esa ifjorZu’khyrk gSA
Q.36 The formula of maladjustment in population is _______________
tula[;k fl)kar ds lek;kstu dk lw= gS &&&&&&&&&&&&
Q.37 Malthus presented his theory of population in the year ………….
ekyFkl us tula[;k dk fl)kUr o"kZ------------------------------------ esa fn;kA
Q.38 ……………. Theory of population is optimistic.
--------------------- tula[;k dk fl)kar vk'kkoknh gSA
Q.39 The definition of optimum population is that which gives the maximum income per
head” is given by _________________
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^^vkn’kZre tula[;k og gS tks izfr O;fDr vf/kdre vk; nsrh gSA** &&&&&&&&&&&
us dgk gSA
Q.40 Units of labour produces 100 units of output and 5 units of labour produces ……..
units of output if MPP of the labour is 20 units.
Jfedksa }kjk fd, x, dk;Z dh bdkbZ ;fn 100 gS rks 5 bdkbZ Jfedksa }kjk ----------bdkbZ
dk;Z fd;k tk,xk ;fn Jfedksa dk MPP cjkcj 20 bdkbZ gksA
Q.41 Cross elasticity of demand between two perfect substitutes will be ______
nks iw.kZ LFkkukiUu oLrqvksa dh ekax dh vkM+h ;k frjNh yksp dh eki _________
gksxhA
Q.42 Internal Economies are also known as ___________
vkUrfjd ferfO;;rk dks &&&&&&&&&&&&&& uke ls Hkh tkuk tkrk gSA
Q.43 The second stage of The Theory of Demographic Transition- Modern Theory is also
known as ……....…
tukafddh ifjorZu fl)kar ds vk/kqfud fl)kar dh nwljh voLFkk dks ---------------Hkh dgk
tkrk gSA
Q.44 .................. is the necessary factor of production.
----------------- mRiknu dk vfuok;Z lk/ku gS A
Q.45 Economics can be viewed as a ………………or as an …………..
vFkZ'kkL= --------------- ds :i esa vkSj ,d --------------- ds :i esa ns[kk tk ldrk gSA
Q.46.................. is "A specialized group or persons who bare risks and meet the
challenges"
---------------- og fof'k"V lewg vFkok O;fDr gS tks tksf[ke lgrs gS rFkk vfuf'prrk ogu
djrs gSaA
Q.47
___________ is a situation when Ed <1.
-------------------------------------- fLFkfr esa Ed<1.
Q.48 In the concept of ______elasticity of price demand is always equal to unit.
___________ ds lanHkZ eas ekax dh dher yksp lnSo bdkbZ ds cjkcj gksrh gSA
Q.49 Micro Economics is derived from the greek word …………….
O;f"V vFkZ'kkL= ,d xzhd 'kCn--------------------ls O;qRiUu gSA
Q.50 Micro-economics studies the economic problems of a _______ unit in the
economy.
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O;f"V vFkZ’kkL= vFkZO;oLFkk dh ------------------------ bdkbZ dh vkfFkZd leL;kvksa dk v/;;u
djrk gSA
(III) True/false:
Q.51. Population policy is not more successful in India.
Hkkjr esa tula[;k uhfr dks vf/kd lQyrk ugha feyh gSA
Q.52. Micro economics deals with the problem of the economy as a whole.
O;f"V vFkZ’kkL= leLr vFkZO;oLFkk dk vFkZO;oLFkk djrk gSA
Q.53. Economic is only a normative science.
vFkZ’kkL= dsoy ekud foKku gSA
Q.54.Microeconomics and macroeconomics are independent branches of economics.
O;f"V vFkZ’kkL= vkSj lef"V vFkZ’kkL= nksuksa gh vFkZ’kkL= dh Lora= 'kk[kk,a gSaA
Q.55. Alfred Marshall has given the concept of wealth.
/ku dh vo/kkj.kk vYQzsM ek’kZy us nh FkhA
Q.56. Demand theory is a subject matter of Micro-economics.
ekax fl)kUr O;f"V vFkZ’kkL= dh fo"k; oLrq gSA
Q.57. Normative issues in public policy also require economic analysis.
lkoZtfud uhfr esa ekud vad dks Hkh vkfFkZd fo'ys"k.k dh vko';drk gSA
Q.58. Marshall propounded the concept elasticity of demand
ekax dh yksp dh /kkj.kk dk izfriknu ek’kZy us fd;k A
Q.59. When total production is maximum then marginal production becomes more
tc dqy mRiknu vf/kdre gksrk gS rks lhekUr mRiknu Hkh vf/kdre gksrk gSA
Q.60. Elasticity of demand = 0, when price =0
ekax dh yksap 'kwU; gksrh gS tc dher 'kwU; gksrh gSA
Q.61. In the third stage of law of variable proportion marginal product is negative
ifjorZu'khy vuqikr ds fu;e dh rhljh voLFkk esa lhekUr mRiknu _.kkRed gksrk gSA
Q.62. In the third stage of law of variable proportion MP is positive
ifjorZu'khy vuqikr ds fu;e dh rhljh voLFkk esa lhekUr mRiknu /kukRed gksrk gSA
Q.63. Labour is uniform quality.
Je ,d leku xq.koRrk gSA
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Q.64. Acc to law of diminishing returns & cost the marginal cost (M.C) & Average cost
(A.C) both are decrease.
mRifRr ãkl fu;e rFkk ykxr ds fu;e vuqlkj lhekUr ykxr rFkk vkSlr ykxr nksuksa
esa fxjkoV vkrh gSA
Q.65. In capital intensive technique of production, labour is substituted for capital.
mRiknu dh iwt
a h xgu rduhd esa Je] iwt
a h ds fy;s fodYi gS
Q.66. All wealth is capital.
leLr /ku iwWath gaSA
Q.67. The Theory of Demographic Transition has four phases.
tukafddh; ds ifjorZu fl)kar dh pkj voLFkk,a gksrh gSaA
Q.68. Optimum population is that which gives highest per capita income.
vuqdwyre tula[;k og gS tks O;fDr dks vf/kdre vk; iznku djrh gSA
Q 69. Capital is the human factor of production
iwWath mRiknu dk euq"; d`r lk/ku gSA
Q.70. Large scale production requires a large market for the product.
cM+s iSekus ij mRiknu ds fy;s cM+s cktkj dh vko';drk gS
Q.71. Using of big machines gives internal saving
cM+h e’khuks dk mi;ksx vkarfjd cpr iznku djrk gSA
Q.72. Supply of capital may not be increased or decreased.
iwWath dh iwfrZ घVkbZ c<+kbZ ugha tk ldrh A
Q.73. Malthus was more worried for the growth of Population.
ekYFkl tula[;k o`f) ds laac/a k esa vf/kd fpafrr FksA
Q.74.Malthus Theory of Population is optimistic, while optimum Theory of population is
pessimistic.
ekYFkl dk tula[;k dk fl)kar vk'kkoknh gS rFkk vuqdwyre tula[;k dk fl)kar
fujk'kkoknh gSA
Q.75. In perfectly inelastic demand, demand curve is parallel to the Y axis
iw.kZr;k csykspnkj ekax esa ekax oØ Y v{k ds lekukarj gksrk gSA
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MICRO ECONOMICS
SECTION B
SHORT ANSWER TYPE QUESTIONs
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B.Short Answer Type Questions
Q.1. Explain Occupational Distribution of Population.
tula[;k dk O;olkf;d forj.k dks le>kb,A
Q.2. Explain the law of equi-marginal utility.
le&lheakr mRifRr âkl fu;e dks le>kb,A
Q.3. Explain the types of elasticity of demand.
t
Ekakx dh yksp ds izdkj le>kb,A
Q.4. Give the difference between Micro and Macro Economics.
O;f"V vFkZ’kkL= vkSj lef"V vFkZ’kkL= ds chp varj Li"V dhft,A
Q.5. State four importance and uses of price elasticity of demand in commodity pricing.
oLrq ewY;u esa ekax dh dher yksp ds dksbZ pkj egRo ,oa mi;ksx crkb;s A
Q.6. Define income elasticity of demand.
ekax dh vk; yksp dks ifjHkkf"kr dhft,A
Q.7. Give suggestions for eradication of poverty in India.
Òkjr esa xjhch nwj djus ds fy;s lq>ko nhft,A
Q.8. What do you mean by „contraction of supply‟?
„iwfrZ ds ladqpu‟ ds vFkZ ls vki D;k le>rs gS \
Q.9. Define the production function.
mRiknu Qyu dh O;k[;k dhft,A
Q.10.What do you mean by demand schedule?
ekax rkfydk ls vki D;k le>rs gaS \
Q.11. Difference between the entrepreneur and organiser.
m|eh ,oa laxBu esa D;k varj gS \
Q.12. Distinguish between Malthusian theory and optimum population theory.
ekYFkl fl)kar ,oa vuqdwyre tula[;k fl)kar esa vUrj crkb,A
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Q.13. What do you mean by „extension of demand‟?
^ekax ds foLrkj* ls vki D;k le>rs gaS \
Q.14. What are the measures to remove the disadvantages of the Small Scale
Production?
NksVs iSekus ds mRiknu ds nks"kksa dks nwj djus ds mik; fyf[k,A
Q.15. Write the scope of law of diminishing Returns.
mRifRr ál ds fu;e ds {ks= dks le>kb,A
Q.16. What are the factors affecting productivity of land.
Hkwfe dh mRikndrk fdu rRoksa ls izHkkfor gksrh gS \
Q.17. Explain how the internal economies are the result of „Indivisibility‟ and
„Specialisation‟?
fdl izdkj vkarfjd cprsa vfoHkkT;rkvksa rFkk fof'k"Vhdj.k dk ifj.kke gS \Li"V dhft,A
Q.18. Describe pre-requisites of division of labour.
Je foHkktu dh iwokZizsf{kr vo/kkj.kk dks crkb;sA
Q.19. Write a brief note on population cycle in India.
Hkkjr ds tula[;k pØ ij laf{kIr fVIi.kh fyf[k,A
Q.20. Give the characteristics of factors of production.
mRiknu ds lk/kuksa dh fo'ks"krk;sa crkb;sA
Q.21. “Land & labour are called primary factors of production” Discuss.
Hkwfe rFkk Je gh mRiknu ds ewy lk/ku gaSAfoospuk dhft;s A
Q.22. How labour is defined in Economics? Mention the characteristics of labour as a
factor of production?
vFkZ’kkL= eas Je dk D;k rkRi;Z gS\ mRifRr ds lk/ku ds :Ik eas Je dh fofHkUu fo’ks"krk,¡
crkb;sA
Q.23. Discuss the causes of poverty in India.
Hkkjr esa xjhch ds dkj.k crkb,A
Q.24. Define Economics as a study of economic welfare.
vFkZ'kkL= ds dY;k.k fl)kar dks ifjHkkf"kr dhft,A
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Q.25. Write the Meaning & Defination of Micro Economics.
O;f"V vFkZ’kkL= dks le>kb, rFkk mldh ifjHkk"kk nhft,A
Q.26. Explain Different types of Price Elasticity of Demand, with example.
ekax dh dher yksp ds izdkjks dks mnkgj.k lfgr le>kb,A
Q.27. Explain various types of labour.
Je ds fofHkUu izdkj crkb;sA
Q.28. Define the importance of capital.
iwt
a h ds egRo dk o.kZu dhft;sA
Q.29. What is technical unemployment?
rduhdh csjktxkjh ls vki D;k le>rs gS?
Q.30. What is the process of inductive method.
vkxeu izfØ;k dh fof/k D;k gS\ Li"V dhft,A
Q.31. Write the scope of law of diminishing Returns.
mRifRr ál fu;e ds {ks= dks le>kb,A
Q.32. Briefly explains the scope of Economics.
vFkZ’kkL= ds +{ks= dh la{ksi esa O;k[;k dhft,A
Q.33. Write the branches of Micro Economics.
O;f"V vFkZ’kkL= dh 'kk[kk,¡ fyf[k,A
Q.34. Define „Internal Economies‟ of Large Scale Production. Discuss the various kinds
of Internal Economies.
cMs iSekus ds mRiknu dh ^vkarfjd cprks*a dks ifjHkkf"kr dhft,A fofHkUu izdkj dh
vkarfjd cprksa dh O;k[;k dhft,A
Q.35. Which process is known as the study of process of changes within a period of time?
Explain.
fdl izfØ;k dks ifjorZu dh izfØ;k dk v/;;u dgrs gS? le; vof/k ds vuqlkj Li"V
dhft,A
Q.36. What do you mean by the Law of Increasing Returns?
c<+rs izfrQy ds fu;e ls D;k vfHkizk; gS?
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Q.37. Explain the Law of Diminishing Returns with the help of a diagram. How can its
operation be checked?
mRifRr ál fu;e dks js[kkd`fr }kjk le>kb;sA bldh fØ;k'khyrk dks dSls jksdk tk
ldrk gS \
Q.38. Explain Arc Elasticity of demand.
ekax dh pki yksp le>kb;sA
Q.39. Explain the relationship between price elasticity of demand and total expenditure?
dher yksp ,oa dqy O;; ds e/; laca/k dks le>kb;sA
Q.40. What is cross elasticity of demand for two substitute goods?
nks LFkkukiUu oLrqvksa ds e/; vkM+h ekax dh yksp D;k gS \
Q.41 If two demand curves intersect, which one has higher price elasticity of
demand at the point of intersection? Explain.
;fn nks ekax oØ ,d nwljs dks dkVrs gS, ftlesa ls ,d vf/kd ewY; yksp dks n’kkZrk gS]
le>kb;sA
Q.42. What do you mean by change in demand?
ekax eas ifjorZu ls vki D;k le>rs gS \
Q.43. What do you understand by Static Economics and Dynamic Economics? Discuss
their importance and limitations.
LFkSfrd vFkZ’kkL= vkSj xfr’khy vFkZ’kkL= ls vki D;k le>rs gS \ muds egRo vkSj
lhekvksa ij ppkZ djsAa
Q.44. Explain the difference between inductive and deductive methods. Mention their
merits and demerits and show that they are complimentary to each other.
vkxeukRed vkSj fuxekuRed i)fr ds chp varj dh O;k[;k dhft,A muds xq.k vkSj
nks"k dk mYYks[k djsa vkSj crkb;s fd dSls ;s ,d nwljs ds iwjd gS\
Q.45. Explain the meaning of land, labour and capital in Economics.
vFkZ’kkkL= eas Hkwfe] Je vkSj iwt
a h dk vFkZ crkb;sA
Q.46. Describe the various definitions of economics.
vFkZ’kkL= dh fofHkUu ifjHkk"kkvksa dks Li"V dhft,A
Q.47. House hold is the smallest economic unit. Comment it.
Äjsyw {ks= vFkZ’kkkL= dh lcls NksVh vkfFkZd bdkbZ gS Li"V dhft,A
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Q.48. Theories and fact are dependent on each other in economic Comment.
fl)kar vkSj rF; ,d nwljs ij fuHkZj gSaA Li"V dhft,A
Q.49. Creation of utilities is the act of production, discuss.
mi;ksfxrk l`tu mRiknu dk;Z gSA O;k[;k dhft,A
Q.50 Explain any two importance of income Elasticity of Demand?
Ekkax dh vk; yksp ds nks egRo le>kb,A
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MICRO ECONOMICS
SECTION C
LONG ANSWER TYPE
QUESTIONs
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C.Long Answer Type Questions
Q.1. Explain the basic problems of Indian Economy.
Hkkjrh; vFkZO;oLFkk dh ewy leL;kvksa dks le>kb,A
Q.2. Explain the inductive and deductive method.
vuqHko iz.kkyh vkSj vuqeku iz.kkyh dks le>kb,A
Q.3. How micro-economics help macro-economics?
O;f"V vFkZ’kkL= lef"V vFkZ’kkL= dh lgk;rk dSls djrs gS \
Q.4. Write a Rising Price Result.
ewY; o`f/n ds ifj.kke fyf[k;sA
Q.5. Explain the basic problems of an Economy.
vFkZO;oLFkk dh vk/kkjHkwr leL;kvksa dks Li"V dhft,A
Q.6. Write the scope of Micro Economic and how Micro Economics is different from
Macro Economics?
O;f"V vFkZ’kkkL= ds {ks= dks fyf[k, rFkk O;f"V vFkZ’kkkL= lef"V vFkZ’kkkL= ls dSls vyx
gS\ Li"V dhft,A
Q.7. Difference between Income Elasticity of Demand & Price Elasticity of Demand.
ekax dh vk; yksp ,oa ekax dh dher yksp esa varj crkb,A
Q.8. What do you mean by economic law? Are economic laws hypothetical?
vkfFkZd fu;eksa ls vki D;k le>rs gSa ? D;k vFkZkkL= ds fu;e dkYifud gksrs gS?
Q.9. Explain the degrees of elasticity of demand with the help of diagram.
vkjs[k dh enn ls ekax dh yksp dks le>kb;sA
Q.10. what is Price Elasticity of Demand? Explain the factors influencing the elasticity of
demand. Throw light on the importance of the concept of elasticity of demand.
ekax dh yksp D;k gS\ ekax dh yksp dks izHkkfor djus okys dkjdksa dh O;k[;k dhft,A
ekax dh yksp dh vo/kkj.kk ds egRo ij izdk'k Mkfy,A
Q.11. How does income of a consumer affect his demand?
miHkksDrk dh vk; mldh ekax ij dSls izHkko Mkyrh gS\
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Q.12. Write a note on Cross elasticity of demand.
ekax dh vkMh yksp ij ,d fVIi.kh fyf[k,A
Q.13. Briefly Explain the methods of Economics Analysis.
vFkZ'kkL= dh foospuk dh fof/k;ksa dks foLr`r :i ls le>k;saA
Q.14. Explain Total Expenditure Method.
dqy O;; jhfr dkss crkb;sA
Q.15. Critically analyzes the Optimum theory of Population.
vuqdwyre tula[;k ds fl)kar dh vkykspukRed O;k[;k dhft,A
Q.16. Define land and describe its main characteristics.
Hkwfe dh ifjHkk"kk nsrs gq, bldh izeq[k fo’ks"krkvks dk o.kZu dhft;s A
Q.17. Describe the function of capital & differenciate between wealth & capital.
iwt
a h ds dk;kasZ dk o.kZu dhft;s rFkk /ku vkSj iwt
a h eas varj crkb;sA
Q.18. Explain Internal and External economies of large scale production.
cM+s iSekus ds mRiknu dh vkUrfjd ,oa cká ferO;f;rkvksa dks le>kb,A
Q.19. Can Labour be treated as a commodity?
D;k Je dks ,d oLrq ekuk tk ldrk gS \
Q.20. Criticise Malthusian Theory of population.
ekYFkl ds tula[;k ds fl)kUr dh vkykspukRed O;k[;k dhft,A
Q.21. What do you mean by large scale production? Explain its advantages and
disadvantages.
t
cM+s iSekus ds mRiknu ls vki D;k le>rs gS\ blds ykHk o gkfu;ksa dh O;k[;k dhft,A
Q.22. Give the assumptions of Law of demand.
ekax ds fl/nkar dh ekU;rkvkas dks foLrkj ls le>kb;sA
Q.23. Micro Economics is the study of economics activities of individual and well
defined group of individuals. Comments
O;f"V vFkZ’kkL= O;fDr dh vkfFkZd xfrfof/k;ksa dk v/;;u gS vkSj O;fDr ds lqifjÒkf"kr
lewg dk v/;;u gSA fVIi.kh fyf[k,A
Q.24. Explain with diagrams the law of variable proportion.
ifjorZu’khy vuqikrksa ds fu;e dks fp= lfgr le>kb,A
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Q.25. What do you mean by Division of Labour. Give its advantages & disadvantages.
Je foHkktu ls vki D;k le>rs gS A Je foHkktu ds xq.k&nks"k crkb;s A
Q.26. Explain the concept of Economic Problem.
vkfFkZd leL;k dh vo/kkj.kk crkb,A
Q.27. Define Production. Discuss the importance of production from different point of
view.
mRiknu dks ifjHkkf"kr dhft;sA mRiknu ds egRo dh fofHkUu n`f"Vdks.k ls foospuk
dhft;s A
Q.28. Explain Optimum Theory of Population.
vuqdwyre tula[;k ds fl)kUr dh O;k[;k dhft,A
Q.29. Economics laws are useless Explain.
vfFkZd fu;e vuqi;ksxh gSALi"V dhft;sA
Q.30. What is scarcity? What are its features and criticism faced?
nqyZHkrk D;k gS \ mlds eq[; fo’ks"krk,¡ ,oa mldh dfe;ks dks crk;sa \
Q.31. Explain the different types of Micro-economics.
O;f"V vFkZ’kkL= ds fofHkUu çdkjksa dh O;k[;k dhft,A
Q.32. Examine the growth oriented concept.
vFkZ’kkL= dh fodkl mUeq[k dh ifjHkk"kk dh tk¡p dhft,A
Q.33. What are the importance of Micro Economics?
O;f"V vFkZ’kkL= ds egRo dks crkb, \
Q.34. Write the Characteristics of Economic Laws.
vkfFkZd fu;eksa dh fo’ks"krk,¡a crkb,A
Q.35. Explain the Causes of uncertain Nature of Economics.
vFkZ’kkL= ds vfu’fprrk ds O;ogkj dks le>kb;sA
Q.36. Discuss the causes for the Price Rising in India.
Òkjr esa ewY; o`f) ds dkj.kksa dh O;k[;k dhft,A
Q.37. “Economic laws are social laws” do you agree with the statement? Explain
“vkfFkZd fu;e lkekftd fu;e gS”D;k vki bl dFku ls lger gS?
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Q.38 What is an Economy ?
vFkZO;oLFkk D;k gS\
Q.39 Write the Definition of Economic Law.
vkfFkZd fu;e dh ifjHkk"kk fyf[k,A
Q.40. Explain the Law of Equi-Marginal Utility.
LkelhekUr mi;ksfxrk fu;e dh O;k[;k dhft,A
Q.41. Explain the type of Unemployment.
Cksjkstxkjh ds fofHkUu izdkjks dks crkb,A
Q.42. What is Elasticity of Demand on the mid point of a straight line moving down
from left to right?
uhps tk jgs ck,a ls nk,a ekax odz esa ,d lh/kh js£k ds e/; fcUnq ij ekax dh
yksp D;k gS\
Q.43. Discuss the National population policy 2000?
Hkkjr dh tula[;k uhfr 2000 ds izeq[k fcUnqvks dk mYys[k dhft,\
Q.44. What are the causes of rural unemployment in India give any 5 Causes?
Hkkjr esa xzkeh.k csjkstxkjh ds D;k dkj.k gSa dksbZ 5 dkj.k crkb,\
Q.45. Explain the Malthusian theory of population? How far is it valid today in India?
ekYFkl ds tula[;k ds fl)kar dks le>kb,A orZeku le; esa ;g Hkkjr esa fdruk ykxw
gksrk gS\
Q.46. Explain the Law of Increasing Returns and say how it is the Law of Decreasing
Cost?
Øekxr mRifRr o`f) fu;e dks le>kb;s rFkk crkb;s fd ;g fdl izdkj Øekxr
ykxr gzkl fu;e gS \
Q.47. What factors affect the Capital Formation? By the rate of capital formation is slow
in under developed country?
iwath fuekZ.k dks izHkkfor djus okys rRo D;k gS\ v/nZ fodflr ns’kkas eas iwath fuekZ.k dh
xfr /kheh D;kas gksrh gS\
Q.48. What are the factors on which accumulation of capital depends?
os dkSu ls rRo gS ftu ij iwt
a h dk lap; fuHkZj gksrk gS\
Q.49. Mention the characteristics of land as a factor of production.
mRiknu ds ?kVd ds :i esa Hkwfe dh fo’ks"krk,¡a crkb,A
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Q.50. Compare the feature of science and art with economics in detail.
foKku ,oa dyk ds lkis{k esa vFkZ’kkL= ds va'kksa dh rqyukRed foLr`r foospuk djsaA
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Answer Key
1. (a) 02. (c) 03. (d) 04. (d) 05.(b) 06. (d) 07. (d) 08. (d) 09. (a) 10. (a) 11. (b) 12. (d)
13. (a) 14. (a) 15. (c) 16. (d) 17. (a) 18. (b) 19. (c) 20. (d) 21. (b) 22. (d) 23. (d) 24.
(a) 25. (b)
26. Scarcity (deh ) 27. Less (de) 28. september 25th, 2001 (25 flrEcj 2001) 29. Price
discrimination (ewY; foospu 'kfDr) 30. Growth oriented (fodkl mUeq[k) 31. Change in
price(dher eas ifjorZu) 32. Increasing population (c<rh tula[;k) 33. Third (rhljh) 34.
Labour-(Je) 35. Raw material, Finished good (dPps eky, fufeZr oLrq) 36. M=
37.
1798 38. Optimum (vuqdwyru tula[;k) 39. Dalton (MkWYVu) 40. 120 41. Possitive 42.
Economies of scale 43. population explosive (tula[;k foLQksVd) 44. Land-(Hkwfe) 45.
Smaller or limited (NksVs ;k lhfer) 46. Entreprenur (lkglh) 47.Inelastic
demand.(csyksapnkj ekax) 48. Unitary (,dkRed) 49. Mikros ekbبt 50. Individual
(O;fDrxr)
51. True(lR;) 52. False (vlR;) 53. False (vlR;) 54. True (lR;) 55. False (vlR;) 56.
True (lR;) 57. True (lR;) 58. True (lR;) 59. False (vlR;) 60. True (lR;) 61. True
(lR;) 62. False (vlR;) 63. False (vlR;) 64. True (lR;) 65.False (vlR;) 66. False
(vlR;) 67. True(lR;) 68. True (lR;) 69. True (lR;) 70. True (lR;) 71. True (lR;)
72. False (vlR;) 73. True (lR;) 74. False (vlR;) 75. True (lR;)
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