Tag: commercial studies

Questions Related to commercial studies

Malathion is used as 

commercial studies striving for a better environment soil and its conservations soil pollution-control protecting our environment

  1. fungicide

  2. pesticide

  3. weedicide

  4. biocide.

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Correct Option: B
Explanation:

Malathion is an organophosphate. It is an insecticide (pesticide) with relatively low human toxicity. It is being widely used in agricultural application. 

The pH of water sample collected from a river was found to be acidic in the range of 3.5 to 4.5, on the banks of the river were several factories that were discharging effluents into the river. The effluents of which one of the following factories is the most likely cause for lowering the pH of river water?

commercial studies striving for a better environment soil and its conservations soil pollution-control protecting our environment

  1. Soap and detergent factory

  2. Lead battery manufacturing factory

  3. Plastic cup manufacturing factory

  4. Alcohol distillery

Show answer
Correct Option: B
Explanation:

Lead battery manufacturing factory have acid electrolyte, so it will cause for lowering tin pH of river water.

In this soil conservation method, several grasses are left out in soil after the crop is harvested

commercial studies striving for a better environment soil and its conservations soil pollution-control protecting our environment

  1. Tillage

  2. Crop rotation

  3. Terrace farming

  4. Contour farming

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Correct Option: D
Explanation:

Tillage is the method of mechanical agitation of various types like as digging, stirring, and overturning to improve the crop yield. Crop rotation helps in increase in soil fertility. It is the process of growing a series of different crops in the same area in sequenced seasons. Terrace farming is a type of farming that consists of various steps or terraces. In contour farming, several grasses are left out in soil after the crop is harvested. In contour farming, crops are placed perpendicular to slopes to follow the contours of a slope of a field. This helps in breaking down the flow of water and prevent soil erosion.

Thus, the correct answer is 'Contour farming.'

Costing system, which is a combination of process costing and job costing system is classified as _____________.

commercial studies basic accounting terms basic accounting terminologies introduction to financial accounting and financial accounts basic accounting terminology objectives, functions, and importance of accounting stages and functions of accounting qualitative characteristics, objectives and roles of accounting

  1. weighted costing system

  2. average costing system

  3. hybrid costing system

  4. double costing system

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Correct Option: C

Element/s of Cost of a product are _________.

commercial studies basic accounting terms basic accounting terminologies introduction to financial accounting and financial accounts basic accounting terminology objectives, functions, and importance of accounting stages and functions of accounting qualitative characteristics, objectives and roles of accounting

  1. Material only

  2. Labour only

  3. Expenses only

  4. Material, Labour and expenses

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Correct Option: D

One of the book selection principles states that ''the best reading for the largest number at the__________ Cost.''

commercial studies basic accounting terms basic accounting terminologies introduction to financial accounting and financial accounts basic accounting terminology objectives, functions, and importance of accounting stages and functions of accounting qualitative characteristics, objectives and roles of accounting

  1. Maximum

  2. Medium

  3. Least

  4. Zero

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Correct Option: C

A saree manufacturer marks 20% higher price on his sarees. He allows 10% discount to the coustomer and earns a profit of Rs. 56 The cost of the saree is _____________.

commercial studies basic accounting terms basic accounting terminologies introduction to financial accounting and financial accounts basic accounting terminology objectives, functions, and importance of accounting stages and functions of accounting qualitative characteristics, objectives and roles of accounting

  1. Rs. 700

  2. Rs. 600

  3. Rs. 800

  4. Rs. 1, 000

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Correct Option: A

Method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as _____________.

commercial studies basic accounting terms basic accounting terminologies introduction to financial accounting and financial accounts basic accounting terminology objectives, functions, and importance of accounting stages and functions of accounting qualitative characteristics, objectives and roles of accounting

  1. sales mix allocation method

  2. dual-rate cost-allocation method

  3. single rate cost allocation method

  4. quantity variance allocation method

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Correct Option: B

A manager who is responsible for only cost of company belongs to _____________.

commercial studies basic accounting terms basic accounting terminologies introduction to financial accounting and financial accounts basic accounting terminology objectives, functions, and importance of accounting stages and functions of accounting qualitative characteristics, objectives and roles of accounting

  1. cost center

  2. revenue center

  3. profit center

  4. investment center

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Correct Option: A

Which of the following is not an advance given by a bank?

commercial studies basic accounting terms basic accounting terminologies introduction to financial accounting and financial accounts basic accounting terminology meaning and features of balance sheet income-expenditure account meaning, importance and specimen of journal objectives, functions, and importance of accounting stages and functions of accounting qualitative characteristics, objectives and roles of accounting

  1. Loan

  2. Overdraft

  3. Deposit

  4. Cash credit

Show answer
Correct Option: C
Explanation:

Deposit is a money deposited by customer in bank for saving.