MANAGER GRADE IV

Code NO.B 03/040/709

MANAGER GRADE IV

KERALA STATE FINANCIAL ENTERPRISES LIMITED

Maximum: 100 marks

Time: 1 hour and 15 minutes

1. If A and B are sharing profits in a partnership firm in the ratio of 3 : 2 and admit C for 1/3 share of future profit, the new profit sharing ratio is:
(A) 2/5, 4/15, 1/10 (B) 3/6, 2/6, 1/3
(C) 6:4:5 (D) None of these

2. Absolute quick ratio means:
(A) Quick ratio between quick assets and quick liabilities
(B) Ratio of quick assets minus bad debts to quick liabilities
(C) Ratio of quick assets to total current liabilities
(D) None of these

3. Rent outstanding is an example for account
(A) Personal (B) Real
(C) Nominal (D) None of these

4. Capital structure means:
(A) capitalization of a company
(B) the proportion of different securities in the total capital of a company
(C) the proportion of long-term sources to the short-term sources of funds of a company
(D) none of these

5. If owner of a proprietary firm withdraws money, what will be its effects?
(A) it will reduce owner’s capital only
(B) it will reduce value of total assets
(C) it will reduce value of total assets and value of total liabilities
(D) none of these

6. A country enters economic recession technically when its GDP growth rate:
(A) turns negative in a year
(B) turns positive once
(C) turns negative for two successive quarters
(D) none of these