Page 331 - GMAT 2017b_Neatb

Marketing Test

(C) 90 naira 21. In a firm to keep the existing stock of capital intact, a
(D) 105 naira fund needs to be maintained. This fund is called
(A) Appreciation Reserve fund
13. The part of profit that is distributed among the Share (B) Depreciation Reserve fund
holders is called © Expenditure fund
(A) Dividends (D) Expenditure on shares and bond
(B) Share value
(C) Corporate profit tax 22. From the data below:
(D) Undistributed profit Items In naira
(I) Gross investment 90
14. The net domestic product at factor cost is equal to (ii) Net export 10
(A) Compensation of Employees + Mixed income (iii) Depreciation 15
(B) Compensation of Employees + Operating surplus (iv) Private consumption expenditure 350
(C) Operating surplus + Mixed income (v) Government purchase of goods
(D) Compensation of Employees + Operating and services 100
Surplus + Mixed economy The GDP at market price is
(A) 350 naira
15. Which of the following is the component of corporate (B) 450 naira
profits? (C) 550 naira
(A) Corporate tax (D) 750 naira
(B) Dividends
(C) Undistributed profits 23. The sole purpose of British colonial rule in India was
(D) All of the above (A) to rule the country
(B) to reduce country to being a feeder economy to
16. A firm pays the income tax out of Britain
(A) Compensation of employees (C) to develop casteism and racism in the different
(B) Operating surplus cultural groups of India
(C) Mixed income (D) None of these
(D) Undistributed profits
24. Main occupation of Indian economy is
17. Which of the following is the component of the (A) Animal husbandry
compensation of employees? (B) Telecommunication
(A) Wages in cash and kind (C) Agriculture
(B) Salaries in cash and kind (D) Industrialization
(C) Both wages and salaries in cash and kind
(D) Everything in firm other than wages and salaries in 25. The producers have to adopt new technologies to
cash and kind (A) increase production of goods.
(B) increase different services.
18. Indirect taxes such as sale tax and excise duty tend to (C) reduce production of goods but increase services.
(A) Increase market price of goods and services. (D) increase both production of goods and services.
(B) Reduce market price of goods and services.
(C) Market price remains unaffected. 26. The different economic institution are actively
(D) None of these. controlled by
(A) Central government
19. Which of the following are not included in national (B) State government
incomes? (C) Private Sector
(A) Transfer earnings such as old age pension and (D) Both State and Central government.
unemployment allowances.
(B) Activities such as smuggling and gambling. 27. Direct marketing may not be feasible for small
(C) Sale proceeds of shares and bonds. business firm due to lack of
(D) All of these above (A) Skilled labour
(B) Effective transport facilities
20. Which of the following is considered as difference in (C) Necessary infrastructure
between ‘clothing stock of year’ and ‘opening stocks of (D) None of these
year’?
(A) Inventory investment 28. Different professionals are appointed by promoters to
(B) Investment expenditure assist them in the preparation of necessary documents
(C) Business fixed investment
(D) Government fixed investment
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