COMMERCE DIVISION SAMPLE TEST PAPER SESSION-2013-14 CLASS-XII (CBSE)
Transcription
COMMERCE DIVISION SAMPLE TEST PAPER SESSION-2013-14 CLASS-XII (CBSE)
COMMERCE DIVISION SAMPLE TEST PAPER SESSION-2013-14 CLASS-XII (CBSE) Date : Time : 1 Hr. 30 Min. Max. Marks : 100 GENERAL INSTRUCTIONS 1. Before answering the paper, fill up the required details in the blank space provided in the OMR - Answer Sheet. 2. Write your Name and Roll No. in the space provided at the bottom of this booklet. 3. Blank papers, clip boards, log tables, slide rule, calculators, mobile or any other electronic gadgets in any forms are not allowed. 4. This Paper contains 100 questions of 1 mark each. All questions has only one correct answer. 3. There are 4 Sections in this paper. Section - I (Accounts) Section - II (English) Section - III (Economics) Section - IV (Business Studies) Q. Q. Q. Q. 1 - 30 31 - 60 61 - 80 81 - 100 5. For every wrong answer there will be negative marking of 1/4 (one-fourth). Do not spend too much time on a particular question. 6. No rough sheets will be provided by the invigilators. All the rough work is to be done in the blank space provided in the question paper. 7. In case of any dispute, the answer filled in the OMR sheet available with the institute shall be final. Name : ____________________________________________ Roll No. : _______________________________ Commerce Head Office : Address : J-2 Jawahar Nagar Main Road, Kota (Rajasthan)-324005 Tel. No. : +0744-3012222, 2437144, Fax : 0744-2427146 | Website : www.commerce.resonance.ac.in E-mail : [email protected] SECTION-I (ACCOUNTS) 1. Which qualitative characteristics of accounting informations is reflected when the accounting information is free from errors : (A) Understandability (B) Relevance (C) Comparability (D) Reliability 2. Use of common unit of measurement and common format of reporting promotes. (A) Understandability (B) Relevance (C) Comparability (D) Reliability 3. Which is the last step of accounting as a process of information ? (A) Recording the transaction (B) Preparation of financial statement (C) Communication of information (D) Analysis and interpretation of information. 4. Which of the following is not an internal user of financial statement ? (A) Board of Directors (B) Managers (C) Employees (D) Lenders. 5. Revenue is generally realised at the time of sale, which principle is involved in situation : (A) Matching (B) Full Disclosure (C) Revenue Recognition (D) Consistency 6. The ir-relevent information or facts need not be disclosed. ‘Which principle is applied herein: (A) Consistency (B) Matching (C) Going Concern (D) Materiality 7. Which of the following is correct ? (A) Opening Capital = Closing Capital + Fresh Capital + Drawings + Loss (B) Opening Capital = Closing Capital Fresh Capital Drawings Profit (C) Opening Capital = Closing Capital Fresh Capital + Drawings — Profit (D) Opening Capital = Closing Capital Fresh Capital + Drawing — Loss. 8. According to the Accrual Concept (A) transactions and events are recorded in the books at the time of their settlement in cash (B) transactions and events are recorded in the books at the time when they are entered into. (C) transactions and events may be recorded either at the time of the settlement or when they are entered into (D) None of the above. 9. According to which of the following concepts, in determining the net income from business, all costs which are applicable to the revenue of the period should be charged against that revenue? (A) Matching Concept (B) Money Measurement Concept (C) Cost Concept (D) Dual Aspect Concept 10. Suspense Account in the trial balance will be entered in the : (A) Trading A/c (B) Profit and Loss A/c. (C) Balance Sheet. (D) Subsidiary Books 11. Business transactions are recorded (A) in chronological order (B) weekly (C) at the end of the month (D) None of the above. 12. Depreciation is a process of (A) valuation of asset (B) allocation of cost. (C) both of valuation of asset and allocation of cost. (D) None of these Space For Rough Work SAMPLE TEST PAPER_PAGE # 1 13. The Journal entry to record a profit on the sale of fixed assets is : If Asset Disposal Account is maintained: Debit Credit (A) Asset Disposal Account Profit and Loss Account (B) Fixed Asset Account Profit and Loss Account (C) Profit and Loss Account Asset Disposal Account (D) Profit and Loss Account Fixed Asset Account 14. A Promissory Note is made by the... (A) seller (B) purchaser (C) endorsee. (D) None of these 15. Purchased goods from Gopal for Rs. 4,800 but was recorded as Rs. 8,400 to the debit of Gopal. In the rectifying entry, Gopal’s A/c will be credited with (A) Rs. 13,200 (B) Rs. 3,600 (C) Rs. 4,800 (D) Rs. 1,200 16. If wages paid for construction of new building is debited to wages account, (A) An error of principle. (B) A compensating error (C) An error of commission (D) An error of omission. 17. Which of the following is an error of commission : (A) Cash sales not recorded in Cash Book. (B) Purchase of machinery debited to purchases account. (C) Goods sold on credit to Mahesh but not recorded in Sales Book. (D) Wrong balancing of creditors account. 18. Sales are equal to (A) Cost of Goods Sold + Gross Profit. (B) Cost of Goods Sold — Gross Profit. (C) Gross Profit — Cost of Goods Sold. (D) Closing stock + Gross Profit 19. Income tax paid by a sole trader is shown (A) on the debit side of the Trading Account. (B) on the debit side of Profit & Loss Account. (C) by way of deduction from capital in the Balance Sheet. (D) On the credit side of the Profit and Loss Account. 20. Noting charges are ultimately borne by (A) Drawer (B) Drawee (C) Payee (D) None of these 21. Small firms may not maintain complete records. The reason is that (A) They deal mainly on credit. (B) They do not make so much gross profit. (C) They deal mainly in cash. (D) They deal rarely in cash. 22. Subscriptions received in advance by a club are shown (A) on the credit side of the Income and Expenditure Account. (B) on the assets side of the Balance Sheet. (C) on the liabilities side of the Balance Sheet. (D) on the debit side of the Income and Expenditure Account. 23. The Receipts and Payments Account is a (A) nominal account. (B) real account. (C) personal account. (D) None of these 24. Profit = Capital at the end + ? – fresh Capital introduced – Capital in the beginning. (A) Sales (B) Drawings (C) Net Purshases. (D) Net sales. 25. Which accounts are normally maintained in single entry accounting : (A) Nominal account (B) Real account (C) Real, nominal and personal account (D) A personal account and cash book 26. If capital at 1st April is Rs. 200, Capital at 31st March is Rs. 500, Drawings made during the year is Rs. 300 and lottery prize introduced in the business is Rs. 100. His profit or loss during the year will be : (A) Rs. 500 (profit) (B) Rs. 500 (loss) (C) Rs. 100 (profit) (D) Rs. 100 (loss) Space For Rough Work SAMPLE TEST PAPER_PAGE # 2 27. If Ram’s acceptance which was endorsed by us in favour of Saleem is dishonoured, then the amount will be debited in our books to (A) Saleem. (B) Ram. (C) Bills Receivable a/c. (D) Biils payable a/c 28. A two months bill drawn on 23rd November, 2012 will mature for payment on (A) 23rd Jan, 2013. (B) 25th Jan, 2013 (C) 26th Jan, 2013. (D) 27th Jan, 2013. 29. Which of the following errors will be rectified through suspense account : (A) Purchases Return Book undercast by Rs. 5,000. (B) Purchases Return to Garima Rs. 5,000, not recorded. (C) Purchases Return to Garima Rs. 5,000 recorded as Rs. 500. (D) Purchases Return to Garima Rs. 5,000, recorded through Sales Return B 30. Which of the following errors is an error of principle? (A) Wages given on the installation of machinery has been debited to Wages Account. (B) Purchase of Rs. 4,000 has been entered in Sales Book. (C) Rs. 1,000 paid to Kamal has been credited to his account. (D) Overcasting of Sales Book. SECTION-II (ENGLISH) Directions :Complete the following passage by choosing the correct options : It is neither the size nor the length of life which makes man (31)_____The growth of mind and the intellect is (32)_____in proportion to the growth of the human body. The man may (33)_____physically the stature of a giant, yet he may remain (34)_____a dwarf. The true worth of man (35)_____upon his action, deed and thought. Man is not like a tree. An oak tree (36)_____to a huge size and lives for hundreds of years, only to (37)_____to the ground, withered, dry an leafless (38)_____It is not in (39)_____things that (40)_____is sought. 31. (A) (C) human better (B) (D) polite humble 32. (A) (C) roughly ever (B) (D) usually never 33. (A) (C) earn keep (B) (D) attain grow 34. (A) (C) morally socially (B) (D) spiritually intellectually 35. (A) (C) depends revolves (B) (D) lies gathers 36. (A) (C) lifts manages (B) grows (D) raises 37. (A) (C) decay disappear (B) (D) dwindle fall 38. (A) (C) log pole (B) (D) wood chip 39. (A) (C) big broad (B) small (D) lengthy 40. (A) (C) interest curiosity (B) (D) value perfection Direction : Read the following sentences and answer the questions that follow: (A)Would you steal a software program out of a retail shop ? (B)The industry on its part has formed an organisation to specially gather information, educate and drag the software pirates to courts. (C)But more than the legality, there is always 0. different way of looking at piracy and that is in terms of morality. (D)The Government on the other hand has initiated National Enforcement Committees. Space For Rough Work SAMPLE TEST PAPER_PAGE # 3 (E)As far as the issue of tackling piracy is concerned, both the industry and the Government have already started initiating action. 41. Which of the following should be the third sentence? (A) E (B) A (C) B (D) D 42. Which of the following should be the first sentence? (A) B (B) C (C) A (D) E 43. Which of the following should be the second sentence? (A) A (B) B (C) C (D) E 44. Which of the following should be the last sentence? (A) C (B) B (C) E (D) A 45. Which of the fallowing should be the fourth sentence? (A) D. (B) B (C) C (D) A Direction : Read each sentence to find if there is any grammatical error in it. If there is any error . The alphabet of that part is your answer. (Disregard punctuation errors,if any.) 46. My cousin said (A) / that he preferred (B) / the white shirt (C) / than the black one (D) Direction: Out of the given alternatives; choose the one which can be substituted for the given phrase 51. One who believes in God. (A) Atheist (C) Devote 52. One who walks in one’s sleep. (A) Dreamer (B) (C) Neurotic (D) 49. Her (A) / knowledge of (B) / English are (C) / very limited (D). Theist Secularist Somnambulist Ventriloquist 53. One who abstains totally from alcoholic drinks. (A) Recluse (B) Teetotaler (C) Sceptic (D) Stoic 54. A place where money is coined. (A) Mint (B) Press (C) Treasury (D) Bank 55. One who loves mankind. (A) Philanthropic (C) Credulous (B) (D) Misanthrope Rebellion Direction: In each of the following questions, a word has been written in four different ways out of which only one is correctly spelt. Find the correctly spelt word. 56. (A) Surveillance (B) Survaillance (C) Surveilance (D) Survellance 57. (A) (C) Commmite Committee (B) (D) Comittee Comitee 58. (A) (C) Temparament Temprament (B) (D) Tamperament Temperament 47. Abhijeet and his friend (A)/ were walking towards (B) / the station when (C) / they met his common friend (D). 48. That man (A) / appears to have seen (B) / more happier day (C) / than his brother (D). (B) (D) Direction : Choose the exact meaning of the idioms/phrases. 59. When I saw him in the morning, he looked like a duck in a thunderstorm. (A) entrapped (B) distressed (C) indomitable (D) peaceful 50. Nobody offered to give up(A) / their seat to the lady (B) / holding her child (C) / in her arms (D). Space For Rough Work SAMPLE TEST PAPER_PAGE # 4 60. He is not worth his salt if he fails at this juncture. (A) very strange (B) very proud of himself (C) quite depressed (D) quite worthless SECTION-III (ECONOMICS) 62. Homi J. Bhabha was the first chairman of – (A) Finance Commission (B) Planning Commission (C) Election Commission (D) Atomic Energy Commission 63. The three annual plans from 1966-69 are also known as – (A) Plan Break (B) Plan Holiday (C) All the above (D) None of these 64. TRAI stands for – (A) Telecommunication Regulatory Authority of India (B) Telecom Regulatory Authority of India (C) Telecom Regulatory Area of India (D) Telecom Regulatory Authority Institute 65. What are homogeneous products ? (A) undifferentiated products (B) differentiated products (C) Both (A) and (B) (D) None of the above 66. Which of these is not a method of data collection? Questionnaires Experiments (B) (D) (A) (C) Interviews Observation Keynes Bowley (B) (D) Tippets Spiegel 68. The graphical reprsentation of a cumulative frequency distribution is called – (A) (C) 61. Which of the following is not correctly marked with respect to the year? (A) Reserve bank of India 1977 (B) Industries(Development and Regulation)Act 1951 (C) Bureau of Industrial and Financial Reconstruction 1987 (D) Third five year plan 1961 (A) (C) 67. “Statistics is both, a science and an art” is given by : Histrogram Ogive (B) (D) Pie chart Historigram 69. Which of the following statements is false ? (A) (B) (C) (D) Statistics is derived from the Latin word ‘Status’ Statistics is derived from the Italian word ‘Stato’ Statistics is derived from the French word ‘Statista’ Statistics is derived from the German word ‘Statistik’ 70. A frequency polygon has ___________. (A) two sides only (B) more than four sides (C) more than eight sides (D) five sides only 71. Determine ‘X’ for the following data when its mean is 115.86. 110 112 113 116 X 125 128 130 25 17 13 15 14 8 6 2 (A) (C) 120 117 (B) (D) 119 none of these 72. Poverty is state symbol in less________. (A) Developed Countries (B) Social Economy (C) Capitalist Economy (D) All the above 73. The green revolution is also known as : (A) Wheat revolution (B) Maize revolution (C) Rice revolution (D) Forest revolution Space For Rough Work SAMPLE TEST PAPER_PAGE # 5 74. Which of the following is specially established to meet the requiredments of credit of the farmers and villagers — (A) Regional Rural Bank (B) Exim bank (C) ICICI bank (D) SBI 75. What is the median for the following numbers ? 83, 54, 48, 60, 57 (A) 54 (B) 57 (C) 48 (D) 60 76. A weighted aggregate price index where the weight for each item is its base period quantity is known as the : (A) Paasche Index (B) Consumer Price Index (C) Producer Price Index (D) Laspeyres Index 77. Pie diagram is used for : (A) Comparing different components and their relation to the total (B) Representing qualitative data in a circle (C) Both (A) and (B) (D) None of these 78. Mode of a distribution can be obtained from — (A) Histogram (B) Ogive (C) Pie chart (D) None of these 79. Agricultural Price Commission is now named as – (A) Commission for Agricultural Costs and Prices (CACP) (B) Costs and Prices Commission for Agricultural (CPCA) (C) Agricultural Commission for Costs and Prices (ACCP) (D) None of the above 80. The entire upper part of a Table is known as (A) (C) Caption Box head (B) (D) Stub Body SECTION-IV (BUSINESS STUDIES) 81. That an enterprise must behave as a good citizen is an example of its responsibility towards. (A) (C) Owners Consumers (B) (D) Workers Community 82. CWC stands for ___________ . (A) (B) (C) (D) Central Water Commission Central Warehousing Commission Central Warehousing Corporation Central Water Corporation 83. A Call Centre handles. (A) (B) (C) (D) Only in -bound voice based business Only out -bound voice based business Both voice based and non-voice based business Both customer facing and back-end business 84. The maturity period of a commercial paper usually ranges from (A) (C) 20 to 40 days 120 to 365 days (B) (D) 60 to 90 days 90 to 364 days 85. Which one of the following modes of entry permits greatest degree of control over overseas operations? (A) (B) (C) (D) Licensiong / franchising Wholely owned subsidiary Contract manufacturing Joint venture 86. Which of the following WTO agreements that deal with (A) (C) IBRD MIGA (B) (D) IDA IMF 87. The .................... is helpful in entertainment. (A) (C) Fax E-mail (B) (D) Internet None of these Space For Rough Work SAMPLE TEST PAPER_PAGE # 6 88. Which bank is known as ‘Apex Bank’ of India ? (A) (B) (C) (D) State Bank of India Reserve Bank of India Central Bank Bank of India 89. Which of the following is not the MNC of the USA? (A) (C) Lipton Ford Motors (B) (D) Coca-Cola Pepsi 90. Reconstruction of sick public sector units is taken up by (A) (C) MOFA BIFR (B) (D) MoU NRF 91. Stages in the formation of a public company are in the following order. (A) Promotion, Commencement of Business, Incorporation, Capital Subscription (B) Incorporation, Capital Subscription, Commencement of Business (C) Promotion, Incorporation, Capital Subscription, Commencement of Business (D) Capital Subscription, Promotion, Incorporation, Commencement of Business 92. A person gets his stock worth Rs. 50,000 insured for Rs. 70,000. A fire occurs and the whole stock gets damaged. The insurance company will pay him only Rs. 50,000, the actual value of his stock and not Rs. 70,000. Which principle of insurance is applied in this case? (A) (B) (C) (D) Principle of Contribution Principle of subrogation Principle of Indemnity Principle of Insurable Interest 93. A person gets his house (worth Rs. 12,00,000 insured from three insurance companies i.e., A : Rs. 2,00,000, B : Rs. 4,00,000, C : Rs. 6,00,000. At the time of incurrence of loss, the compensation will be paid by insurance companies in the ratio of 1 : 2 : 3. This is the case of ............. of insurance. (A) (B) (C) (D) Principle of Proximate Cause Principle of Mitigation of Loss Principle of Indemnity Principle of Contribution 94. Postal Services started in India in : (A) 1737 (B) 1837 (C) 1975 (D) 1947 95. Co-operative Society Law was passed in : (A) 1912 (B) 1922 (C) 1932 (D) 1944 96. FDI means (A) Foreign Direct Investment (B) Free Direct Investment (C) Forestry Deposit Investment (D) None of these 97. The surrender value of a Fire Insurance Policy is (A) Amount of Policy (B) 50 % of the Amount of Policy (C) Amount of Premium (D) Zero 98. On multiple chain store shoes is found : (A) Uniformity in Prices (B) Differences in Prices (C) Higher Price (D) None of these 99. Export process starts form : (A) By Bill of Lading (B) (C) By Charter Party (D) By order Ident None of these 100. Social responsibility of entrepreneur is: (A) One-way Traffic (B) Two-way Traffic (C) Three-way Traffic (D) None of these Space For Rough Work SAMPLE TEST PAPER_PAGE # 7 ANSWER KEY 1. D 2. C 3. C 4. D 5. C 6. D 7. C 8. B 9. A 10. C 11. A 12. B 13. A 14. B 15. A 16. A 17. D 18. A 19. C 20. B 21. C 22. C 23. B 24. B 25. D 26. A 27. B 28. B 29. A 30. A 31. A 32. D 33. B 34. D 35. A 36. B 37. D 38. A 39. A 40. D 41. D 42. D 43. B 44. D 45. C 46. D 47. D 48. C 49. C 50. B 51. B 52. B 53. B 54. A 55. A 56. A 57. C 58. D 59. B 60. D 61. A 62. D 63. B 64. B 65. A 66. C 67. B 68. C 69. C 70. B 71. A 72. A 73. A 74. A 75. B 76. D 77. C 78. A 79. A 80. C 81. D 82. C 83. C 84. D 85. B 86. C 87. B 88. B 89. A 90. C 91. C 92. C 93. D 94. B 95. A 96. A 97. D 98. D 99. B 100. B Space For Rough Work SAMPLE TEST PAPER_PAGE # 8