Mumbai University IDOL M.com Part 2 Advance Financial Management

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M.com Part 2 Advance Financial Management


M.com Part 2 Advance Financial Management

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Aaj ke article me aap logo ko M.com Advance Financial Management MCQ provide karne wala hu yeah MCQs kafi jyada important hai M.COM ke Student ke liye.

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MUMBAI UNIVERSITY M.COM PART 2 MCQ
International Marketing
https://www.surajpateleducation.com/2021/02/international-marketing-mcq-with.html

Direct Tax
1)  https://www.surajpateleducation.com/2021/01/direct-tax-mcom-part-2-importance-mcq.html
2)  https://www.surajpateleducation.com/2020/12/direct-tax-mcom-part-2-mcq-pdf.html

 

 

1 Monetary items of Integral Foreign Operation at the balance sheet are translated at
A.   exchange rate at the date of transaction
B.   closing exchange rate
C.   average exchange rate during the year
D.   exchange rate on date of valuation at fair value
ANS: B

 
2 Tangible Fixed assets of Integral Foreign Operation carried at cost are translated
A.   Exchange rate at the date of purchase of assets
B.   Closing exchange rate
C.   average exchange rate during the year
D.   exchange rate on date of valuation at fair value
ANS: A
 

3 Depreciation on Fixed assets of Integral Foreign Operation carried at cost are translated at
A.   Exchange rate at the date of purchase of assets
B.   Closing exchange rate
C.   average exchange rate during the year
D.   exchange rate on date of valuation at fair value
ANS: A
 

4 Tangible Fixed assets of Integral Foreign Operation carried at fair value are translated at
A.   Exchange rate at the date of purchase of assets
B.   Closing exchange rate
C.   average exchange rate during the year
D.   exchange rate on date of valuation at fair value
ANS: D

 
5 Cost of inventories of Integral Foreign Operation is translated at 3
A.   Exchange rate at the date of purchase of assets
B.   Closing exchange rate
C.   average exchange rate during the year
D.   exchange rate on date of valuation at fair value
ANS: C

 
6 Exchange difference of Integral Foreign Operation is_
A.   transferred to suspense account
B.   transferred to profit and loss account
C.   transferred to foreign currency translation reserve
D.   transferred to "Net investment in Integral foreign operation Account
ANS: B
 

7 Monetary items of Non-integral Foreign Operation at the balance sheet are translated at_
A.   exchange rate at the date of transaction
B.   closing exchange rate
C.   average exchange rate during the year
D.   exchange rate on date of valuation at fair value
ANS: B
 

8 Non-monetary items of Non-integral Foreign Operation at the balance sheet are translated at_
A.   exchange rate at the date of transaction
B.   closing exchange rate
C.   average exchange rate during the year
D.   exchange rate on date of valuation at fair value
ANS: B

 
9 Banking companies in India are governed by _____ _____ _____. 
A.   Banking Regulation Act
B.   Share capital
C.   Reserves & surplus
D.   Central Government
ANS: A

 
10 A banking company requires a licence from _____
A.   RBI
B.   SBI
C.   SEBI
D.   Central Government
ANS: A
 

11 A banking company in Mumbai must have ` _____ capital. 
A.   15 Lakhs
B.   25 Lakhs
C.   20 Lakhs
D.   21 lakhs
ANS: A

 
12 Share capital of a banking company includes _____ shares only.
A.   Equity
B.   Shares
C.   Assets
D.   Reserve & Surplus
ANS: A
 

13 Non-Banking assets must be disposed off within- from the date of acquisition.
A.   7 years
B.   5 years
C.   8 years
D.   2 years
ANS: A

 
14 A banking company incorporated in India having place of business in more than one state including the city of Mumbai or Kolkata or both must have paid up capital of_____
A.   10,00,000
B.   1,00,000
C.   5,00,000
D.   20,00,000
ANS: A

 
15 Paid up capital of a banking company must be at least _____ of subscribed capital
A.   50%
B.   25%
C.   20%
D.   10%
ANS: A
 

16 The rate of commission in respect of shares issued by a banking company must be at least____
A.   2.5%
B.   5%
C.   2%
D.   10%
ANS: A
 

17 Every banking company must transfer at least _____% profit to Reserve fund
A.   25%
B.   20%
C.   15%
D.   10%
ANS: A

 
18 The CRR to be maintained by the banking company is_____ 
A.   6%
B.   12%
C.   15%
D.   5%
ANS: A
 

19 Share premium is disclosed under_______
A.   Reserves & surplus
B.   Share Capital
C.   Deposits
D.   Borrowings
ANS: A

 
20 Savings Bank deposits are disclosed under_____
A.   Deposits
B.   Fixed Assets
C.   Fixed Liabilities
D.   Share Capital
ANS: A

 
21 Interest on loans and advances are treated as ______ in banking company final accounts
A.   Income
B.   Expenses
C.   Overhead
D.   Loss
ANS: A

 
22 Interest on deposits is an_______
A.   Expenses
B.   Overhead
C.   Loss
D.   Income
ANS: A

 
23 nter – branch transactions of bank should be disclosed under
A.   Notes on Accounts
B.   Accounting policies
C.   Current liabilities
D.   Current assets
ANS: A

 
24 Commission, exchange and brokerage of banking company is shown under_____ 
A.   Other income
B.   Misc. income
C.   Interest
D.   Other expenses
ANS: A

 
25 An assets becomes non – performing when________
A.   no income is received
B.   no profit is received
C.   Loss Incurred
D.   Expenses incurred

ANS: A

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