International Commerce Olympiad - 2015 · 2017. 11. 7. · 3 International Commerce Olympiad -...

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Instructions Dear Aspirant, This paper contains Five Sections Section - I : Accountancy ‐ 35 MCQs. Section - II : Business Studies ‐ 35 MCQs. Section - III : Economics ‐ 10 MCQs. Section - IV : Business Awareness ‐ 10 MCQs. Section - V : Logical Ability & Reasoning ‐ 10 MCQs. 1. This booklet has 15 pages (without cover page) and last two pages are for rough work. 2. Note that this booklet has 100 MCQs. 3. All questions carry 1 mark each. For every wrong answer 0.25 mark will be deducted. 4. All four sections are compulsory. 5. Use of calculator is prohibited. 6. Read the instructions carefully before filling OMR sheet. 7. Use Blue/Black ball pen only for filling OMR sheet. 8. No duplicate OMR Sheet will be provided. 9. Don’t fold the OMR sheet. 10. Don’t break the seal of Question booklet before invigilator’s instruction. 11. Unfair means would disqualify the candidate. Here’s wishing you all the very best for this Olympiad. Executive Body, CTF Roll No. Name _____________________ Time Allowed : 2 Hours. Class : XII Set : A Max. Marks : 100 Regd. Off. : C‐206, Pandav Nagar, Near Akshardham, Delhi‐110092 E-mail : [email protected] Website : www.ctf.org.in Organised by Quest for perfection COMMERCE TEACHERS’ FOUNDATION An ISO 9001:2008 Certified Organisation rr~ Roa iw”ku~ viko`.kq CTF International Commerce Olympiad - 2015

Transcript of International Commerce Olympiad - 2015 · 2017. 11. 7. · 3 International Commerce Olympiad -...

  • Instructions

    Dear Aspirant,

    This paper contains Five Sections

    Section - I : Accountancy ‐ 35 MCQs.

    Section - II : Business Studies ‐ 35 MCQs.

    Section - III : Economics ‐ 10 MCQs.

    Section - IV : Business Awareness ‐ 10 MCQs.

    Section - V : Logical Ability & Reasoning ‐ 10 MCQs.

    1. This booklet has 15 pages (without cover page) and last two pages are for rough work.

    2. Note that this booklet has 100 MCQs.

    3. All questions carry 1 mark each. For every wrong answer 0.25 mark will be deducted.

    4. All four sections are compulsory.

    5. Use of calculator is prohibited.

    6. Read the instructions carefully before filling OMR sheet.

    7. Use Blue/Black ball pen only for filling OMR sheet.

    8. No duplicate OMR Sheet will be provided.

    9. Don’t fold the OMR sheet.

    10. Don’t break the seal of Question booklet before invigilator’s instruction.

    11. Unfair means would disqualify the candidate.

    Here’s wishing you all the very best for this Olympiad.

    Executive Body, CTF

    Roll No. Name _____________________

    Time Allowed : 2 Hours. Class : XII Set : A Max. Marks : 100

    Regd. Off. : C‐206, Pandav Nagar, Near Akshardham, Delhi‐110092E-mail : [email protected] Website : www.ctf.org.in

    Organised by

    Quest for perfectionCOMMERCE TEACHERS’ FOUNDATION

    An ISO 9001:2008 Certified Organisation

    rr~ Roa iw”ku~ viko`.kqCTF

    International Commerce Olympiad - 2015

  • Section- I

    Accountancy

    1. If interest on capital is allowed to the partners irrespective of profit earned or loss suffered by the firm,

    such interest is treated as ___

    (a) Loss of the firm (b) an appropriation of profit

    (c) a charge against profit (d) profit of the firm

    2. Sandeep, a partner in a firm, withdrew ` 10,000 in the end of each quarter for nine months ending

    31st December, 2014. Assuming that the firm is following calendar year. Interest on drawings will be

    calculated for an average period of ___

    (a) 3 months (b) 6 months (c) 9 months (d) 12 months

    3. In a firm of three partners A,B and C, C has been given a guarantee of minimum profit of `8,000 by the

    firm. Firm suffered a loss of ` 5,000 during the year. Capital accounts of A and B will be debited by

    (a) ` 6,500 each (b) ` 4,000 each (c) ` 2,500 each (d) ` 1,500 each

    4. A partner advanced loan of ` 40,000 to the firm on December 31, 2014. Firm suffers a loss of `1,000

    during the year ending March, 2015. In the absence of partnership deed interest on loan allowed to the

    partner will be

    (a) ` 2400 (b) Nil (c) ` 1,200 (d) ` 600

    5. Capital employed in a business is ` 2,00,000. The normal rate of return on capital employed is 15%.

    During the year, the firm earned a profit of ` 48,000. Calculate goodwill on the basis of 3 years purchase

    of super profit.

    (a) ` 50,000 (b) ` 60,000 (c) ` 52,000 (d) ` 54,000

    6. The value of furniture given in the old Balance Sheet was ` 66,000 which was overvalued by 10%. The

    effect of the above transaction in the Revaluation A/c will be:

    (a) ` 6,000 will be debited to Revaluation A/c (b) ` 6,600 will be debited to Revaluation A/c

    (c) ` 6,000 will be credited to Revaluation A/c (d) ` 6,600 will be credited to Revaluation A/c

    7. A and B share profits in the ratio of 4:1. C is admitted for 1/6th share for which he pays ` 20,000 for

    goodwill. New profit sharing ratio is 3:2:1. Journal entry for treatment of goodwill will be:

    (a) Premium A/c Dr. 20,000

    A’s Capital A/c Dr. 16,000

    To B’s Capital A/c 36,000

    (b) Premium A/c Dr. 20,000

    A’s Capital A/c Dr. 16,000

    To B’s Capital A/c 36,000

    (c) Premium A/c Dr. 20,000

    B’s Capital A/c Dr. 16,000

    To A’s Capital A/c 36,000

    (d) Premium A/c Dr. 20,000

    To A’s Capital A/c 14,000

    To B’s Capital A/c 6,000

    1 International Commerce Olympiad - 2015/XII

  • 8. How do you treat accumulated reserves and surplus in case of admission of a partner when old partners

    decide to record them at their old figures in the new Balancesheet.

    (a) Debit old partners capital account and credit reserve account

    (b) Debit reserve account and credit old partners capital account

    (c) Gaining partner’s capital A/c debited and sacrificing partner’s capital A/c credited.

    (d) No adjustment is required.

    9. A, B and C sharing profits and losses in the ratio of 4:3:2, decided to share the future profits and losses in

    the ratio of 2:3:4 with effect from 1st April, 2015. An extract of their Balance Sheet as at

    31st March, 2015 is:

    How much amount will be debited to revaluation account, if claim on account of workmen compensation

    is estimated at ` 69,000.

    (a) ` 69,000 (b) ` 4,000 (c) ` 65,000 (d) none of the above.

    10. Karan, Gunisha and Jagriti were partners in a firm sharing profits and losses in the ratio of 3:2:1.

    On 31st March, 2015, Karan retires and his balance of capital on that date was ` 1,00,000; P&L A/c

    (Cr. Balance)‐ ̀ 60,000; Revaluation loss‐ ̀ 30,000. All partners decided to pay ̀ 1,75,000 to Karan on his

    retirement. His share of goodwill in the above case should be:‐

    (a) ` 60,000 (b) ` 30,000

    (c) ` 37,500 (d) None of the above

    11. T, S and R are partners sharing profits and losses in the ratio of 2:2:1. S retires and he gives 40 % of his share

    in favour of T and remaining to R. New ratio will be

    (a) 2:1 (b) 17:8

    (c) 14:11 (d) None of the above

    12. Kiran, Umesh and Aditya were in the partnership firm. Suddenly on October 31, 2014 , Kiran died. Amount

    payable to her on that date amounted to ̀ 1,05,000. ̀ 5,000 was paid immediately and balance was paid

    in 4 equal annual installments along with the interest @ 12 % p.a. starting from 31st October, 2015.

    Calculate the interest due as on 31st March, 2016. Financial year was followed as the accounting year, by

    the firm.

    (a) ` 2,500 (b) ` 3,000 (c) ` 4,500 (d) ` 3,750

    13. Karan, Aman and Girish were partners with capitals of ̀ 3,00,000 ; ̀ 2,50,000 and ̀ 2,00,000 respectively

    as on 31st March, 2015. Aman died, partners decided to pay the entire amount to Aman’s Executor. But

    they only had ̀ 50,000 cash and rest of the amount was to be brought in by Karan and Girish in such a way

    that their future capital will be equal. Calculate the amount to be brought in by Karan and Girish.

    (a) ` 50,000 by Karan and ` 1,50,000 by Girish. (b) ` 50,000 by Girish and ` 1,50,000 by Karan.

    (c) ` 25,000 by Karan and ` 1,25,000 by Girish. (d) ` 1,25,000 by Karan and ` 25,000 by Girish.

    Assets (Rs)Liabilities

    Workmen Compensation Reserve

    (Rs)

    65,000

    International Commerce Olympiad - 2015/XII2

  • 14. Raman, Devika and Amrish were partners sharing profits and losses in the ratio of 3:2:1. Amrish died on

    12th June, 2015. On the death of a partner, it is decided to value the goodwill at three years purchase of

    average profit of last three years. Profits of previous years are as under:‐

    2010‐11 ` 70,000

    2011‐12 ` 65,000

    2012‐13 (` 15,000)

    2013‐14 ` 80,000

    2014‐15 ` 70,000

    Calculate the amount of goodwill to be credited to Amrish’s Capital A/c.

    (a) ` 22,500 (b) ` 25,000 (c) ` 1,35,000 (d) ` 1,50,000

    15. Realisation expenses of ̀ 10,000 were to be borne by Mishika, a partner. However it was paid by Medha.

    While passing the entry_____ will be debited.

    (a) Realisation account (b) Mishika’s capital account

    (c) Medha’s capital account (d) Bank account

    16. A creditor of ̀ 30,000 took stock of ̀ 35,000 for settlement of his claim. What amount will be credited to

    Realisation account :

    (a) ` 5,000 (b) ` 35,000 (c) Zero (d) ` 30,000

    17. A Company forfeited 3,000 shares of ` 10 each (` 7 called up) for non‐payment of call money of ` 2 per

    share. Out of these 2,000 shares were re‐issued at ` 8 per share and remaining shares were re‐issued at

    ` 12 per share as fully paid up. What amount will be transferred to Capital Reserve?

    (a) ` 17,000 (b) ` 13,000

    (c) ` 11,000 (d) None of the above

    18. Under Companies Act, 2013, which section gives the purpose for which Securities Premium money can

    be utilized by the company?

    (a) Section 78 (b) Section 53 (c) Section 79 (d) Section 52

    19. The shares issued under Employees stock option plan are issued at :

    (a) Lower than market price (b) Higher than market price

    (c) Lower than face value (d) Higher than face value

    20. BATMAN Ltd. was registered with an authorized capital of ` 25,00,000 divided into shares of ` 10 each.

    The company invited applications for 1,20,000 shares issued at ̀ 2 premium. All the money has been duly

    received except final call of ` 3 per share on 6,000 shares. The company forfeited 4,000 shares and

    re‐issued 3,000 shares at ` 8 per share as fully paid up.

    Calculate the balance of Share forfeited to be shown in the books of the company.

    (a) ` 15,000 (b) ` 7,000 (c) ` 28,000 (d) ` 21,000

    21. The excess of Net Assets over purchase consideration will be:

    (a) Debited to Goodwill Account (b) Credited to General Reserve

    (c) Credited to Capital Reserve (d) Credited to Securities Premium Reserve

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  • 22. Raj issued 10,000 debentures of ` 100 each on 31st March, 2006 redeemable at a premium of 8% on

    30th June, 2015. The company invested the funds as required by law in fixed deposit in a bank on

    30th April, 2015 earning interest @ 10% p.a. The amount of Debenture Redemption Investment will be

    (a) ` 1,50,000 (b) ` 15,000 (c) ` 2,50,000 (d) ` 5,00,000

    23. Loss on cancellation of own debentures will be shown in :

    (a) Capital reserve (b) Other expenses

    (c) Employment benefit expenses (d) Capital expenditure

    24. In the absence of securities premium reserve, discount on issue of debentures should be written off

    through :

    (a) Capital profit (b) Revenue profit

    (c) Statement of profit and loss (d) Divisible profit

    25. Premium on redemption of debentures is a

    (a) Personal account (b) Valuation Account (c) Real Account (d) Nominal Account

    26. Gaurav Ltd. purchased machinery costing ` 1,71,000. It was agreed that the purchase consideration be

    paid by issuing 12% debentures of ̀ 100 each. Assume debentures have been issued at a discount of 10%.

    No. of debentures issued to vendor are:

    (a) 1500 (b) 1900 (c) 2000 (d) 2100

    27. If Operating Cycle is 8 months and any amount receivable in 11 months will be categorized as

    (a) Current Assets (b) Non‐Current Assets

    (c) Fictitious Assets (d) Either (a) or (b)

    28. Following sub‐headings are to be shown in the balance sheet of the company

    (i) Cash and Cash Equivalents (ii) Other Current Assets

    (iii) Inventories (iv) Current Investment

    (v) Trade Receivables

    What will be the correct order of showing them in the books?

    (a) i, iii, iv, v, ii (b) iii, iv, i, ii, v (c) iv, iii, v, i, ii (d) iv, v, i, iii, ii

    29. Identify the correct match.

    Choose the correct option:

    (a) A‐(ii), B‐ (iii), C‐(iv), D‐(i) (b) A‐(iv), B‐ (ii), C‐(iii), D‐(i)

    (c) A‐(iv), B‐ (iii), C‐(ii), D‐(i) (d) A‐(ii), B‐ (iv), C‐(i), D‐(iii)

    International Commerce Olympiad - 2015/XII4

    (B) Equity

    (C) Capital Employed

    (A) Debt

    (D) Cost of Revenue from Operations (iv) Total Debt – Current Liabilities

    (i) Opening Inventory + Net Purchases + Direct Expenses – Closing Inventory

    (ii) Shareholder’s Fund + Long term Debts

    (iii) Share Capital + Reserves & Surplus

  • 30. The current ra�o of a XYZ Ltd is 1. What will be its working capital ?

    (a) 1 (b) 0 (c) 100 (d) None

    31. Debt‐Equity Ra�o of Dhamaka Ltd is 3:1. Which of the following will result in decline in this ra�o?

    (a) Issue of Debentures for Cash of ` 2,00,000.

    (b) Issue of Debentures of ` 3,00,000 to Vendors from whom Machinery was purchased.

    (c) Goods purchased on Credit of ` 1,00,000.

    (d) Issue of Equity Shares of ` 2,00,000.

    32. Declara�on of Final Dividend would result in ___

    (a) Ou�low in Financing ac�vi�es.

    (b) Ou�low in Opera�ng ac�vi�es.

    (c) Inflow in Opera�ng ac�vi�es.

    (d) No Flow of cash.

    33. Under which type of ac�vity will you classify “Rent received on property” by DLF Real Estate Company

    while preparing Cash Flow Statement?

    (a) Opera�ng Ac�vity.

    (b) Inves�ng Ac�vity

    (c) Financing Ac�vity

    (d) Cash and Cash equivalents

    34. From the following informa�on find out the cash ou�low from financing ac�vi�es.

    Year - I Year - II

    Proposed Dividend ` 1,20,000 ` 1,50,000

    12% Debentures ` 4,00,000 ` 5,00,000

    Addi�onal Informa�on: Addi�onal Debentures were issued at the end of year. Interim Dividend paid

    ` 50,000. Preference Share capital issued ` 2,00,000.

    (a) ` 2,18,000 (b) ` 2,08,000

    (c) ` 2,38,000 (d) ` 2,48,000

    35. From the following informa�on find out the inflow of cash

    31st March, 2015 31st March, 2014

    Plant and Machinery Account ` 6,00,000 ` 4,50,000

    Accumulated Deprecia�on ` 1,60,000 ` 1,00,000

    Addi�onal Informa�on: Deprecia�on for the year 2014‐15 is ` 80,000. During the year Machinery was

    Purchased for ` 2,50,000 and a part of asset was sold at a profit of ` 40,000.

    (a) ` 1,20,000; (b) ` 1,00,000;

    (c) ` 80,000; (d) ` 40,000

    International Commerce Olympiad - 2015/XII5

  • Sec�on -II

    Business Studies

    36. Which principle of management emphasizes on study and analysis of methods rather than es�ma�on?

    (a) Method study (b) Science, not rule of thumb

    (c) Standardization of work (d) Maximum, not restricted output

    37. ‘Management is performed in terms of solving problems, making decisions, establishing plans, preparing

    budgets, assigning responsibilities and delegating authority.’

    Which dimension of management is highlighted here?

    (a) Management of work (b) Management of people

    (c) Management of operations (d) None of the above

    38. A production manager set a target to manufacture 1,000 Denim Jeans in 2 months and accordingly

    divided the work among 10 employees. One of the workers fell ill and took medical leave for a month. The

    production manager divided his work among other workers in order to achieve the target on time. The

    workers cooperated for achievement of targets.

    Which principle of management is highlighted here?

    (a) Unity of command (b) Scalar chain

    (c) Order (d) Esprit de corps

    39. Which of the following statements best describes ‘mental revolution’?

    (a) Change of values (b) Change of pay scales

    (c) Change of attitude (d) Change of work culture

    40. Shelly and Shayna are managers working at middle level in Shanno Enterprises. Shelly wishes that new

    employees should be hired in place of old ones in order to ensure adaptability to environment and have

    new talent in the organization. Shayna does not agree to this, she feels that the employees should be

    given some economic security to motivate them. In view of this, select the most appropriate conclusion:

    (a) Shelly is right as management is a dynamic function.

    (b) Shayna is right as she is following the principle of stability of personnel.

    (c) Both Shelly and Shayna are wrong.

    (d) Both Shelly and Shayna are right.

    41. FERA was replaced by FEMA, a step taken by Government under:

    (a) Privatisation (b) Industrialisation

    (c) Globalisation (d) Liberalisation

    42. PM Narendra Modi recently re‐iterated his government’s commitment to One Rank‐ One Pension (OROP)

    Scheme. The OROP envisages a uniform pension for defense personnel who retire in the same rank with

    the same length of service, irrespective of the date of retirement. Which type of plan is it?

    (a) Strategy (b) Policy

    (c) Single use plan (d) Programme

    International Commerce Olympiad - 2015/XII6

  • 43. _______________ does not follow the scalar chain?

    (a) Formal organization (b) Functional structure

    (c) Divisional structure (d) Informal organization

    44. Which of the following can be delegated? (i) Authority (ii) Responsibility (iii) Accountability Choose the correct option: (a) Authority & Responsibility (b) Partly Authority and Partly Accountability (c) Responsibility & Accountability (d) Partly Authority and Partly Responsibility

    45. Why organization structure is pyramid in shape? (a) Because such a shape helps in achieving organizational objectives. (b) Because authority flows from top to bottom. (c) Because number of employees increase from top to bottom. (d) Because there is no other shape in which organization structure can be made.

    46. Match the situation in Part A with the type of plan given in Part B. PART A PART B (A) Broad contours of an organisation’s business i. Budget (B) Plan that quantifies future facts and figures ii. Rule (C) Desired future position that the management would like to reach iii. Objective (D) Specific statements that tell what is to be done iv. Strategy Choose the correct option :‐ (a) A‐ iii, B‐ i, C‐ ii, D‐iv (b) A‐ iv, B‐ i, C‐ iii, D‐ii (c) A‐ iii, B‐ i, C‐ iv, D‐ii (d) A‐ ii, B‐ iv, C‐ iii, D‐i

    47. "Making of time‐table in a school” relates to which function of management? (a) Planning (b) Organizing (c) Staffing (d) Directing

    48. When decisions taken by the lower levels are numerous as well as important, an organization can be regarded as highly ________ (a) Formal (b) Centralised (c) Decentralised (d) Coordinated

    49. ____________ works as a tool of training the employees. It is a source of recruitment also. Identify it. (a) Promotion (b) Transfer (c) Casual callers (d) None of the above

    50. Arrange the following steps in process of motivation in a proper order. (A) Drives (B) Reduction in tension (C) Search behaviour (D) Unsatisfied need (E) Satisfied need (F) Tension Choose the correct option: (a) D, F, A, C, E, B (b) D, F, A, E, C, B (c) D, C, F, A, E, B (d) D, A, F, C, E, B

    International Commerce Olympiad - 2015/XII7

  • 51. In Rajan Private Limited, a production target of 35,000 units was set for one month. It was achieved much before time and the actual production was 38,000 units. Does the manager need to take any action? (a) Yes, as the employees are demanding reward from the company. (b) Yes, management should take actions frequently. (c) No, as plans have been implemented successfully. (d) Yes, as target need to be revised to make them challenging.

    52. Critical Point Control means ___________ (a) Report about each deviation to top management (b) No need to control (c) Focus on key result areas (d) Control everything

    53. Select the most appropriate judgment about Maslow’s theory of need hierarchy that was published in the year 1943. (a) It is no longer useful for modern managers as it is outdated. (b) It is useful for managers as it helps in motivating the employees. (c) It is useful for ensuring effective communication in an organization. (d) There is no link of this theory with motivation of employees.

    54. ‘A good leader should have good communication skills’ and ‘Communication establishes effective leadership’. These two statements can be reconciled as: (a) Leadership is all about communication, i.e. giving speeches. (b) Good communication skills are the only requirement of an effective leader. (c) A good leader is always a good communicator and vice versa. (d) All functions are inter‐linked and inter‐dependent.

    55. Karuna, a manager was facing the problem of customer complaints due to delayed delivery. Due to heavy rains, a day had to be declared off. In order to compensate for the lost day, she calls her staff on a Sunday. This has led to discontentment among employees and there was high absenteeism on that day. Which function of management should have been performed better by her to handle the situation? (a) Controlling (b) Directing (c) Organising (d) None of the above

    56. Absence of social and cultural gatherings and lack of transparency in operations of an organization pose barrier to effective communication. Identify the barrier. (a) Organizational facilities (b) Lack of proper incentives (c) Unclarified assumptions (d) Rules and regulations

    57. Intellect Limited plans to get its securities listed in New York Stock Exchange in order to raise money through ADR’s. Which financial decision is involved here? (a) Choice of capital structure (b) Budgeting (c) Financing (d) All of the above.

    58. Dividend Decision is not influenced by:‐ (a) Current Earnings (b) Capital Market consideration (c) Expectation of shareholders (d) Product Pricing Policy

    International Commerce Olympiad - 2015/XII8

  • 59. Under what situation EPS of company falls with the increased use of debt? (a) When company's ROI is equal to cost of debt. (b) When company's ROI is more than cost of debt. (c) When company's ROI is less than cost of debt. (d) More use of equity than debt.

    60. What is the essential ingredient of sound working capital management? (a) Efficient management of cash (b) Cash equivalent (c) Inventory and receivables (d) All of the above

    61. Falcon Limited has sold 1Lac equity share of `10 each at `30 per share to an investment bank, which has offered such shares to public at `40 per share. Identify the method of floatation:‐ (a) Offer for sale (b) Right Issue (c) e‐IPOs (d) Private Placement

    62. Bridge Financing means: (a) Raising finance to construct a bridge (b) Issue of shares by a construction company (c) Issue of commercial paper to meet floatation cost of issuing shares (d) Issuing treasury bills.

    63. Public relations must be used ___ (a) When a controversial news has been published in a newspaper (b) When An NGO publishes something unethical being done by the company (c) When a company’s sales is going down (d) To maintain goodwill and smooth functioning of a business 64. A good salesman must be (a) An intelligent person, with foresight and presence of mind (b) Able to meet many customers in one day (c) Very handsome and good looking (d) Able to sell as much as possible

    65. “Titan” the name for watches manufactured by the Tata Company is: ‐ (a) It’s generic name (b) It’s trade mark, since it is legally protected (c) It’s brand mark, which can be recognized (d) The brand name, the part that is spoken

    66. Tata has recently launched its new product line of spices, the brand ambassador being Sanjeev Kapoor, the renowned chef who has developed unique recipes for such spices. Identify which advantage of branding will accrue to the company due to this. (a) Ease in introduction of new product (b) Ensure quality (c) Status symbol (d) All of the above

    International Commerce Olympiad - 2015/XII9

  • 67. Superb Skin Care Ltd, a leading brand of skin care products has come up with a new range of anti – ageing skin cream which they claim is 100% herbal & without any side effects.

    They have also set up a website to encourage consumers to ask queries and the company responds to them very quickly. It is used as a way to connect with the customers & it has also proved to be a brilliant tactic for busting out some myths about the product. It has also created transparency & makes the consumers feel personally involved with the company. Identify the function of marketing identified in the above case. (a) Marketing research (b) Customer support services (c) Market planning (d) None of the above.

    68. Which channel of distribution is most expensive for the marketeer? (a) One‐level (b) Two‐level (c) Three‐level (d) Zero‐level 69. An NGO, Mahila Suraksha Samiti tied up with a pharmaceutical company to launch a new product ‘Safe‐ self’ which is a wrist band having pepper spray mechanism in it. Also, they have decided to sell it at a nominal price of ` 100 per unit to the customers. The company decided to launch this innovative product through a women safety campaign, carried on by a NGO at National level. Identify the promotional tool that should be used by the company to maximize prospective customers during the campaign, and also to ensure effective launch of the new product. (a) Advertising (b) Public relations (c) Personal selling (d) Sales promotion

    70. The District Forum, Delhi has imposed penalty in the form of punitive damages of `15,00,000 on the Emami Company as its product Fair and Handsome Cream promised to provide fairness to men in three weeks. This happened when a boy, user of this product filed a complaint with the Forum. Further, this news was spread among masses in a very short span of time through social media. Which right of consumers is being asserted when such news is being circulated through using social media? (a) Right to information (b) Right to seek redressal (c) Right to consumer education (d) Right to safety

    Section-III

    Economics

    71. Which of the following is not a characteristic of a “Price Taker Firm”? (a) TR = Price x Quantity (b) AR = Price (c) Negatively sloped demand curve (d) MR = P

    72. Which of the following feature of Monopolistic Competition give monopoly power of fixing price to the individual firms: (a) Product differentiation (b) Huge selling cost (c) Number of Sellers (d) Availability of close substitutes

    73. Which market form does not exist in real life? (a) Oligopoly (b) Monopoly (c) Perfect Competition (d) Monopolistic Competition

    International Commerce Olympiad - 2015/XII10

  • 74. In Oligopoly there is price rigidity because: (a) No firm changes its price for fear of retaliation by other firms (b) Difficult entry of a new firm (c) High selling cost (d) None of these

    75. Equilibrium price will rise when: (a) Demand remains unchanged and there is increase in supply (b) Supply remains unchanged and there is decrease in demand (c) Demand decreases and supply increases (d) Demand increases and supply decreases

    76. Which is the official lender of the last resort: (a) SBI (b) PNB (c) RBI (d) Dena Bank

    77. Which of the following is a qualitative tool used by RBI to control credit? (a) Bank Rate (b) Reverse Repo Rate (c) Margin Requirement (d) Open Market Operations

    78. Which is the legal tender money? (a) Currency Notes (Rupees) (b) Credit Card (c) Demand Draft (d) Cheque 79. Which of the following conditions must be fulfilled by a financial institution to become a bank? (a) Accepting deposits (b) Cheque facility (c) Advancing Loans (d) All the three

    80. There is inflationary situation in India, what step RBI shall take to correct it? (a) Issuing more currency (b) Decrease in SLR (c) Decrease in CRR (d) Increase in Bank rate (Repo Rate)

    Section -IV

    Business Awareness

    81. Who among the following has been recently listed as the Richest person of the world according to

    Forbes list‐

    (a) Mr. Mukesh Ambani (b) Mr. Warren Buffet

    (c) Mr. Bill Gates (d) Mr. Dilip Singhvi

    82. With which international car company did Suzuki have a tie‐up that has ended as a failed relationship due

    to fraud?

    (a) Volkswagen (b) Honda Cars India (c) Nissan (d) Audi India

    83 “Westside” popular fashion retail store is owned by which of the following group ?

    (a) Tata Group (b) K Raheja Group

    (c) RPG Group (d) AV Birla Group

    International Commerce Olympiad - 2015/XII11

  • 84. Popular mineral water brand “BAILLEY” belongs to which of the following Companies ?

    (a) Pepsico (b) Coca‐Cola

    (c) Tata Global Beverages (d) Parle Agro

    85. Which Indian airport has the distinction of being the world’s first solar energy powered airport ?

    (a) Indira Gandhi International Airport

    (b) Chhatrapati shivaji International Airport, Mumbai

    (c) Kochi International Airport,

    (d) Netaj Subhash Chandra Bose Intl. Airport Kolkatta

    86. Which scooter model has become the first model to cross 1 crore unit sales in India ?

    (a) Honda Activa (b) Honda Aviator

    (c) Hero‐Motocorp Maestro (d) TVS Jupiter

    87. Who will be promoting the newly launched TV channel ‘ DD Kisan’ with tagline “Badalte Bharat ki Shaan”?

    (a) Aamir Khan (b) Ankit Fadia

    (c) Baba Ram Dev (d) Amitabh Bachchan

    88. Which of the following E‐commerce company has entered into agreement with “Dabbawalas” in Mumbai

    to speed up parcel delivery?

    (a) Snapdeal (b) Flipkart (c) Amazon (d) E‐bay

    89. Which Indian airline has introduced JRD Tata Livery (Portrait) on its planes recently ?

    (a) Air Asia India (b) Jet Airways

    (c) Indigo (d) Spicejet

    90. Match the following tagline with automobile company.

    Tag Line Automobile Company

    (A) Lets go places (i) Ford

    (B) The power of dreams (ii) Maruti Suzuki

    (C) Go further (iii) Toyota

    (D) Way of life ‐ (iv) Honda

    Choose the correct option

    (a) A‐(ii), B‐(i), C‐(iv), D‐(iii) (b) A‐(i), B‐(ii), C‐(iii), D‐(iv)

    (c) A‐(iii), B‐(iv), C‐(i)‐ D‐(ii) (d) A‐(iii), B‐(ii), C‐(i), D‐(iv)

    Section-V

    Logical Ability & Reasoning

    91. What are the next Terms of the following series?

    7, 16, 9, 15, 11, 14, ?, ?

    (a) 10, 13 (b) 13, 13

    (c) 12, 16 (d) 11,16

    International Commerce Olympiad - 2015/XII12

  • 92. Pointing to a man in a photograph, a woman said, “His brother’s father is the only son of my grandfather”.

    How is the woman related to the man in the photograph?

    (a) Sister (b) Mother

    (c) Daughter (d) Aunt

    93. Today is Thursday. The day after 59 days will be?

    (a) Sunday (b) Monday

    (c) Tuesday (d) Wednesday

    94. At what time between 3 and 4 O’ clock will the hands of clock coincide?

    (a) 15 min past 3 (Approx.) (b) 16 min past 3 (Approx.)

    (c) 12 min past 3 (Approx.) (d) 10 min past 3 (Approx.)

    95. Lakshman went 15 Km west from his house, then turned left and walked 20 km he again turned east and

    walked 25 Km and finally turned left and covered 20 Km, how far is he now from the house?

    (a) 15 Km (b) 20 Km

    (c) 25 Km (d) 10 Km

    96. Reena is taller than Bina, but shorter than Aditi. Anu is shorter than Bina but taller than Manju. Ekta is

    taller than Reena but shorter than Aditi. Who among them is the tallest?

    (a) Aditi (b) Anu

    (c) Bina (d) Manju

    97. In a certain code, ‘BRACKET’ is written as ‘DPCAMCV’. How is ‘BLOCK’ written in that code?

    (a) DIQAM (b) DJPAM

    (c) DJQAN (d) DJQAM

    98. In a certain code language ‘123’ means ’bright little boy’; ‘145’ means ‘tall big boy’ and ‘637’ means

    ’beautiful little flower’. Which digit in the language means ’bright’?

    (a) 1 (b) 2 (c) 4 (d) 6

    99. ‘Pen’ is to ‘Pencil’ and ‘Hockey’ is to ?

    (a) Football (b) Ground

    (c) Team (d) Players

    100. Arrange the following words in the sequence in which they are found in the dictionary.

    (1) Browse (2) Bright

    (3) Bronze (4) Brown

    (5) Brought

    Choose the correct option :

    (a) 2, 4, 5, 3, 1 (b) 3, 5, 2, 1, 4

    (c) 2, 3, 5, 4, 1 (d) 2, 1, 5, 3, 4

    International Commerce Olympiad - 2015/XII13

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