1. The Life Insurance in India was nationalised in the year-”

2. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel.- This statement shows the-”

3. If the goods purchased are in transit then the Journal Entry at the end of the period will be-”

4. Which is not a insurable risk ?

5. By whom from the following auditor can be reappointed ?

6. The following data relates to manufacturing company for the year 2006-07-” Net Profit as per P & L A/c-”Rs. 240000; Depreciation-”Rs. 80000; Goodwill written-off-”Rs. 40000 Profit on Sale of Fixed Assets-”Rs. 16000 Proposed Dividend-”Rs. 96000. The fund from operation would be-”

7. In common size Balance Sheet analysis we evaluate-”

8. Blue Chips Shares mean-”

9. Ploughing-back of profits means-”

10. According to ownership Government Company means -¦-¦-¦ share.

11. Which of the following statement is correct ?

12. A meeting of the shareholders held only once during the life time of the company is known as-”

13. Calculate Return on Investment/ Return on Proprietor-™s fund. Gross profit of a firm is Rs. 320000 Operating expenses Rs. 100000 Taxes Rs. 20000 Owner-™s fund Rs. 500000 Debenture Interest Rs. 50000-”

14. Due to coordination-”

15. A fire occurred in the premises of -˜M-™ Ltd. on 30th September 2007. The stock was destroyed except to the extent of Rs. 10000. From the information given below calculate the value of stock burnt by fire on 30th September 2007. Stock on 1st April 2006 Rs. 90000 Purchases less returns during 2006-07-”1000000 Sales less returns during 2006-07 1500000; Stock on 31st March 2007-”180000 Purchases less returns from 1st April 2007 to 30th September 2007 700000. Sales less returns from 1st April 2007 to 30th September 2007 1000000. It was the practice of the company to value stock less 10%-”

16. Managerial Planning is a-”

17. Among the following which is not an error of commission ?

18. Indian Accounting Standard -“ 28 is related to-”

19. Auditor shall be punished with imprisonment for a maximum period of -¦-¦-¦ under Section 539 for falsification in the books of accounts.

20. Consider the following information pertaining to K Ltd. on September 4 2005 the company issued 12000 7% debentures having a face value of Rs. 100 each at a discount of 2-¢5%. On September 12 the company issued 25000 preference shares of Rs. 100 each. On September 29 the company redeemed 30000 preference shares of Rs. 100 each at a premium of 5% together with one month dividend @ 6% p.a. thereon. Bank balance on August 31 2005 was Rs. 3000000. After effecting the above transaction the Bank Balance as on September 30 2005 will be-”

21. Contents of Marine Insurance include-”

22. Appointment of a person who is a Director as a Secretary in the Company would require approval of the company by-”

23. -œOrganisation is a Management Process by which people functions and physical factors are brought together to form a controllable unit.- This definition is given by-”

24. The number of subordinates a superior can effectively handle is called-”

25. As per Schedule VI of the Companies-™ Act 1956 Forfeited Share Account will be-”