1. FEMA stands for-”

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

3. Recording of capital contributed by the owner as liability ensures the adherence of principle of-”

4. Price earning ratio is 83-¢33% and E.P.S. is Rs. 30. The market price of equity share will be-”

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

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

7. V. V. Bros. purchased a machine on 1st October 2003 at cost Rs. 270000 and spent Rs. 30000 on its installation. The firm written off depreciation 10% per annum on original cost every year. The books are closed on 31st March every year. The machine is sold on 30 September 2006 for Rs. 190000. How much amount will be transferred to P & L A/c as loss on sale of machinery ?

8. Which of the following statement is correct ?

9. 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-”

10. -œA body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it." It is called-”

11. The object of -˜Agenda-™ is to inform-”

12. To appoint new auditor in place of retiring auditor to adopt the procedure which section of Companies-™ Act 1956 is applicable ?

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

14. The first Stock Exchange in India was established in-”

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. Which institution is known as the -˜Soft Loan Window-™ of World Bank ?

17. Current Ratio is 3-¢75 Acid Test Ratio is 1-¢25 Stock Rs. 375000 calculate working capital.

18. In -˜Direction-™ who is given importance ?

19. -¦-¦-¦ has been founded to act as permanent watchdog on the international trade.

20. Motivation - Hygiene Theory was propounded by-”

21. Share premium account can be used for-”

22. R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 400000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by-”

23. The following information is obtained from the records of K Co. Ltd.-” Sales (100000 units) Rs. 100000 Variable cost Rs. 40000 Fixed cost Rs. 30000 Find out margin of safety.

24. The following data are provided to you. Fixed cost - Rs. 20000; Selling price per unit - Rs. 25 Variable cost per unit - Rs. 20. Find out selling price per unit if B.E.P. is brought down to 2000 units.

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