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M. PHIL DEGREE

BISHOP HEBER COLLEGE (AUTONOMOUS),

Tiruchirappalli 620 017

ENTRANCE TEST 2011iDuration: 45 minutes

Marks: 25

Answer ALL Questions

Use tick () mark to answer multiple choice questions

1. Commerce consists of Trade and _____________to trade.2. In___________ market, the price of a commodity is determined by the interaction of demand and

supply forces.

3.

When production increases, cost per unit comes down. This is called____________ of scale in theworld of economics.

4. When authority flows from top to bottom in an organization, such structures are called__________organizations.

5. The marketing mix consists of product, price, promotion and _________________ distribution.6. If one trader rules the market by determining the prices and supply size, the market is said to be

____________ market.

7. The ownership is separated from management in any organization. This is based on _________ _ ___________concept.

8. When two aspects of a transaction are recorded in a book, it is based on ____________ aspectconcept in accounting discipline.

9. If cash transactions are alone recorded in the books, the system is said to be ____________ entrysystem.

10.The median in statistics is perceived to be;a. Mathematical Averageb. A value occurred most frequentlyc. The most central point of the datad. None of the above

11.The Skewness is called so, becausea. The average of the data is very highb. The standard deviation is Zero

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c. The distribution leans either towards left or rightd. The mean, median and mode are Zero

12.The cost of living index is based ona. Simple averageb. Weighted averagec. Special average without weightsd. None of the above

13.The objective of financial management is to maximizea. Profitb. Incomec. Wealth of the ownersd.

Wealth of the Debtors

14.The corporate tax rate in India (2011) now isa. 40 per centb. 50 percentc. 30 per centd. None of the above

15.The cost of capital is said to be _______________ rate in the world of business.16.Financial market, in general, is being governed by

a. RBIb. TRAIc. Controller of capital issuesd. SEBI

17.Corporate bond does not consist of the following featurea. Coupon Rateb. Dividend ratec. Par valued. Redemption period

18.RBI is believed to be the___________ of last resort by all nationalized banks and customers.19.__________________ big banks were nationalized in 1969 by then Prime Minister, Srimati Indira

Gandhi.

20.____________ are called plastic money.

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21.When inflation rate is worked out with unemployment rate, the curve arrived out of it is called__________ curve.

22.The null matrix consists of all elements within braces_______.23.The financial leverage estimates_____________ risk.24.The Operational leverage measures __________ risk.25.The Finance Minister of India is ______________ now.

iPrepared by Dr. D. Joseph Anbarasu, Head and Associate Professor in Commerce