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UP TGT COMMERCE 2023 Mini Mock - 12

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Question 1

From the given data, answer the questions that follows.

The standard cost of a certain mixture is:

40% material A at Rs 40 per ton

60% material B at Rs 30 per ton

Standard Loss of 10% is expected in production

Actual cost of materials used is:

90 tons of material A at a cost of Rs 42 per ton

160 tons material B at a cost of Rs 28 per ton

Actual Output is 230 tons.

Calculate Material Price Variance?

Question 2

From the given data, answer the questions that follows.

The standard cost of a certain mixture is:

40% material A at Rs 40 per ton

60% material B at Rs 30 per ton

Standard Loss of 10% is expected in production

Actual cost of materials used is:

90 tons of material A at a cost of Rs 42 per ton

160 tons material B at a cost of Rs 28 per ton

Actual Output is 230 tons.

Calculate Material Mix Variance?

Question 3

From the given data, answer the questions that follows.

The standard cost of a certain mixture is:

40% material A at Rs 40 per ton

60% material B at Rs 30 per ton

Standard Loss of 10% is expected in production

Actual cost of materials used is:

90 tons of material A at a cost of Rs 42 per ton

160 tons material B at a cost of Rs 28 per ton

Actual Output is 230 tons.

Calculate Material Yield Variance?

Question 4

From the given data, answer the questions that follows.

The standard cost of a certain mixture is:

40% material A at Rs 40 per ton

60% material B at Rs 30 per ton

Standard Loss of 10% is expected in production

Actual cost of materials used is:

90 tons of material A at a cost of Rs 42 per ton

160 tons material B at a cost of Rs 28 per ton

Actual Output is 230 tons.

Calculate Material Cost Variance?

Question 5

Dimensions of VALSTM framework to include which one of the following?

Question 6

Which of the following factors favour product standardization in the international markets?

(a) High cost of adaptation.

(b) Variations in conditions of use.

(c) Country of origin effect.

(d) Economies in R & D.

(e) Differences in technical standards.

Choose the most appropriate answer from the options given below:

Question 7

Preference share in India is issued by a company for a maximum period of:

Question 8

In case of a warranty, the buyer can:

Question 9

Arm's length price computation method under 92 (C) of the Income Tax Act. 1961 does not include which one of the following?

Question 10

Under Indian Income Tax Act in order to claim deduction of interest on home loan for house property, which of the following things need to be taken care of?

(a) The home loan must be used for the purchase/construction of the house property.

(b) The loan must be taken on or after 1st  April 2019.

(c) The amount of loan must be used within 10 days from the date of loan taken.

(d) The purchase or construction must be completed within 5 years from the end of Financial Year in which the loan was taken.

(e) The rate of interest on loan cannot exceed 22%.

Choose the most appropriate answer from the options given below

Question 11

Which of the following constructs hold true for research analysis and design?

(a) Research design is a framework for every stage of the collection and analysis of data.

(b) The choice between qualitative and quantitative methods in a research experiment depends upon Cronbach alpha.

(c) Experiments as source of data is not appropriate for a qualitative study.

(d) Plagiarism is the failure of researcher to acknowledge the borrowed material in his/her publication.

(e) Content Analysis is a method commonly used in qualitative research to aid data collection.

Choose the most appropriate answer from the options given below:

Question 12

A co-efficient of correlation having a value of +0.87 implies that-

Question 13

Which one of the following is not an advantage of organization structure by territory?

Question 14

Given below are two statements:

Statement I: Policies are guides to action. rather than to thinking.

Statement II: Policies define an area within which a decision is to be made.

In the light of the above statements, choose the most appropriate answer from the options given below:

Question 15

Arrange the following steps in the process of GDR Issues:

(a) Registration with prescribed authority

(b) Appointment and vesting of shares with the custodian

(c) Approval of the regulatory authorities

(d) Listing of GDR

(e) GDR allotment

Choose the correct answer from the options given below:

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