Food Corporation Of India General Awareness Model Questions

Food Corporation Of India Solved Questions

Management Trainee General Awareness Model Papers

1. Which of the following does not call for physical verification?

• Stock
• Plant
• Loose tools
• Goodwill

2. Cash from operations is equal to—

• Net profit + increase in current assets
• Net profit + decrease in current liabilities
• Profit from operation ± Adjustment of increase and decrease in current assets and liabilities
• Fund from operation ± Adjustment of increase and decrease in current assets and current liabilities

3. Average profit of a firm is Rs. 9000 Firm’s capital is Rs. 60000 and normal return on business is expected at 10%. The goodwill by capitalization method will be-

• Rs. 30000
• Rs. 20000
• Rs. 25000
• Rs. 40000

4. Which of the following is not a current liability?

• Bank overdraft
• Redeemable debentures
• Account payable
• Provision for bad debts

5. Amount of under writing commission payable on the issue of debentures is limited to—

• 2%
• 2.5%
• 3%
• 5%

6. Which of the following acid test ratio can be said to be satisfactory?

• 2: 1
• 1: 1
• 1: 2
• None of these

7. The two factor theory of motivation was propounded by—

• Peter Drucker
• Herzberg
• McGregor
• Maslow

8. Which of the following leadership styles is most commonly found now a day?

• Autocratic
• Democratic
• Free rein
• Participative

9. Deciding in advance what is to be done in future is called—

• Management
• Coordination
• Planning
• Decision-making

10. The organization structure where there is direct vertical relationship is called—

• Line organization
• Chain organization
• Command organization
• All the above

11. When managers devote their attention only to those events where results are highly deviated from normal; ft is called—

• Management by objective
• Management by exception
• Management by crisis
• Management by choice

12. Under delegation of authority—

• Authority is given to subordinates
• Authority flows from top to bottom
• Delegator of authority is not received of accountability
• All the above happens

13. The process of determining by observation and study and reporting pertinent information relating to the nature of specific job is called—

• Job specification
• Job evaluation
• Job analysis
• Job description

14. In case of a private company—

• There is restriction on the right to transfer of shares
• The number of members is restricted
• Invitation to public for the subscription of shares is prohibited
• All of the above

15. A person at anyone time can not be DIRECT of more than—

• 1 Company
• 7 Companies
• 15 Companies
• 20 Companies

16. Certificate of commencement of business is not required by a—

• Public company
• Any type of company
• Private company
• Private company subsidiary to a public company

17. Henry Fayol is known for—

• Scientific management
• Rationalization
• Industrial psychology
• Principles of managements

18. The principle of unity of command’ implies—

• Unity of thought and action
• Unity amongst subordinates
• Instructions from staff authority
• Instructions from line authority

19. A company has equity capital of Rs. 200000. Preference capital of Rs. 100000, 12% debentures of Rs. 100000, long term loan of Rs. 200000 and short term loan of Rs. 100000. The capital gearing ratio will be—

• 1:1
• 0.5: 1
• 0.4: 1
• None of the above

20. In case of a company, total assets less outside liabilities is called—

• Net working capital
• Gross working capital
• Deferred liabilities
• Net worth

21. If opening sales is Rs. 10000 purchases Rs. 30000 direct expenses Rs. 4000 and closing stock Rs. 5000 the costs of goods is sold would be—

• Rs. 39000
• Rs. 40000
• Rs.41000
• Rs. 44000

22. Premium on issue of shares is shown in balance sheet as—

• An asset
• A liability
• An expense
• A revenue

23. Which of the following is known as ‘backbone of auditing’?

• Verification of assets
• Internal check
• Vouching
• Internal audit

24. A limited company? 100 shares of Rs. 10/- cash fully called up on which Rs. 4/- per share was paid up. The company reissued 50 shares at the rates of Rs. 8/- each. The amount transferred to capital reserve will be—

• Rs. 500
• Rs.200
• Rs. 250
• Rs. 100

25. Sale of long term investments indicates—

• A change in current assets
• Application of funds
• Increase in working capital
• Source of funds