HSST Commerce

HSST COMMERCE
PDF Question Part II
1. DAGMAR approach is proposed by

A. Philip Kotler
B. Rockinson
C. Russel H. colley
D. Abraham George

2. Gross Profit Ratio for a firm remains same but the Net Profit Ratio is
decreasing. The reason for such behavior could be:

A. Increase in Costs of Goods Sold

B. Increase in Expense
C. Increase in Dividend
D.Decrease in Sales

3. It is observed that each of the following pairs of variables are correlated. Then
which pair is the best example for spurious correlation?

A. Demand for a product and Price of that product

B. Rainfall and production of rice
C. Hours spent by students for watching TV and Marks in Exam
D. Production of Rice and Production of Wheat

4. Which one of the following arrangements represents the order of liquidity?

A. cash, Bills Receivables, Stock, Debtors

B. B/R, Debtors, cash, stock
C. cash, B/R, Debtors, stock
D. cash, debtors, B/R,stock

HSST Commerce
5.Which among the following statement is correct in relation with difference
between a Trial Balance and Balance sheet

A. Both are statements not accounts

B. Trial Balance is the Balance of all ledger accounts on a particular date
while balance sheet is statement of financial position on a particular
date.
C. Trial balance can be prepared at anytime, but balance sheet is prepared
once in a financial year.
D. Trial balance ensures arithmatical accuracy while balance sheet provide
accounting accuracy

6. Ishikawa Diagram is also known as

A. Fish bone
B. Check sheet
C. Pareto Chart
D. Kaizen

7. A and B are partners of a firm sharing profit and loss equally. A new partner C is
admitted to the firm with capital and amount for goodwill. It is decided to
share profit and loss at 3:1:1 in future. Then the amount towards goodwill
brought by C will be credited to

A. Only to A
B. Only to B
C. Both to A and B
D. To all partners

8. The Balanced Score Card (BSC) is a strategy performance management tool that
can be used by managers to keep track of the execution of activities by the
staff within their control and to monitor the consequences arising from these
actions. The term BSC was first coined by

A. Michael E Porter
B. C K Prahlad
C.Robert S. Kaplan & David P. Norton
D. Art Schneiderman

HSST Commerce
9. A sole trader purchased goods for home use and paid cash from office. This
transaction is recorded in

A. Cash book
B. Purchase day book
C. Journal proper
D. No need of recording anywhere in books

10. FTA is diagnostic as well as designing tool in minimising risk in hazardous

industries. FTA stands for

A. Fault Tree Analysis

B. Faulty Transaction Analysis
C. Future Transaction Analysis
D. Failiure Tree Analysis

11. Company A is a subsidiary company of Company B. Govt of India, Govt of

Punjab and Govt of UP holds 17% each in the paid up capital of Company B.
Then which of above company(s) can be called Govt Company?

A. Only A
B. Only B
C. Both A and B
D. None of A and B

12. ATM stands for

A. Automatic Transfering Machine

B. Automated Tallying Machine
C. Automated Teller Machine
D. Automatic Transfer of Money

13. A company artificially sets the price of a product high to push up the sales of a
lower priced product. This pricing strategy is

A. Decoy pricing
B. Premium decoy pricing
C. High-Low pricing
D. Undercutting pricing
HSST Commerce
14. ''Freemium'' Pricing strategy is best suited for?

A. FMCG (Fast moving consumer goods)

B. Electronic goods
C. Softwares and internet based services
D. Books and periodicals

15. Exchange rate system where the central bank intervenes to smoothen out
exchange rate fluctuations is known as:

A. free float
B. fixed rate system
C. managed float
D. floating rate system

16. If the Inventory Turnover ratio has decreased from past, it means that:

A. inventory is growing
B. sales are dropping
C. inventory is growing or sales are dropping
D. none of the above

17. How many column does a triple column cash book have?

A. 3 columns
B. 6 columns
C. 10 columns
D. 12 columns
E. None of the above

18. VDM is a maintenance management methodology developed by Mark

Haarman and and Guy Delahay. VDM stands for?

A. Vital & Desirable Management

B. Vital & Desirable Maintenance
C. Value Driven Management
D. Value Driven Maintenance
HSST Commerce
19. Which cost remains fixed irrespective of change in volume of production, at
unit level?

A. Fixed cost
B. Variable cost
C. Opportunity cost
D. Implicit cost

20. Tom Peter and Robert H. Waterman are the names associated with

A. Management By Walking Around

B. Management By Objectives
C. Management By Exception
D. Management By Strengths

Thanks to those who posted questions in Hsst commerce group wall

All answers are opinion of those who posted questions.

HSST Commerce