List of top Accountancy Questions on Basics of Accounting asked in CUET (PG)

Which element of auditing establishes the correspondence of actual facts or details with those represented in accounts?

Mr. Amit is a charted accountant in practice. His sister's husband holds equity shares in ABC limited. State whether Mr. Amit is qualified or disqualified to be an auditor of ABC limited as per which section of companies Act, 2013?

Under which system of Branch Accounting, branch account is opened for each branch separately in the books of the head office?

Which of the following in not a type of flow represented in a channel of distribution?

Which among the following is not the element of prime cost?

The process of evaluating each market segment's attractiveness and selecting one or more segments to enter is known as-

It is defined as any paid form of non-personal presentation and promotion of ideas, goods or services by an identified sponsor. What is it?

Match List I with List II

List I		List II
A.	Laplace Principle	I.	View point falls between extreme pessimism and extreme optimism.
B.	Savage B. II. Principle	II.	Uncertain about events then treat them equally probable.
C.	Hurwitz principle	III.	Choosing the best option from set of worst options.
D.	Maximin principle	IV.	Selecting course of action that minimizes the maximum regret.

Choose the correct answer from the options given below:

Match List I with List II

List I		List II
A.	Buffer inventory	I.	Transportation time is involved in transferring the resources.
B.	Anticipation Inventory	II.	Works as shock absorber in case of contingency.
C.	Decoupling Inventory	III.	Held according to anticipation of future demand
D.	Movement Inventory	IV.	Protection against the uncertainties of demand and supply

Choose the correct answer from the options given below:

The Gross Domestic Product (GDP) may be defined as :

Which one of the following is quantitative model of time series analysis for business forecasting.

The Government appointed an Inter ministerial - Task force on Agricultural marketing reforms. The Recommendation of the committee (2002) are :
A. Exemption of Agricultural Income from taxation.
B. Introduction of priority Loan to be sanctioned to the farmers.
C. Promotion of direct marketing and contract farming.
D. Development of Agricultural markets in private and co-operative sectors.
E. Expansion of future trading to cover all agriculture markets.
Choose the correct answer from the options given below:

_______is a function of the costumer's perception, his/her attitude towards it, and the economic value or price that the customer attaches to the brand:

The LM curve is a locus of points showing equilibrium points of the money market at different levels of:
A. Interest
B. Supply of money
C. Income
D. Consumption
E. Demand for money
Choose the correct answer from the options given below:

Arrange the steps involved in product life cycle in correct sequence:
A. Introduction
B. Growth
C. optimum sales Realization
.D. Maturity
E. Decline
Choose the correct answer from the options given below:

The pricing strategy that seeks to exploits economics of scale by pricing the product below the competitor's in one market and adopting a penetration strategy in another is called:

Which of the following is not a tangible customer value ?

The life insurance that runs only for a limited period or upto a particular age not exceeding the age of 70 years is known as:

A Ltd Co. Registered their Business in SEZ and start the manufacturing of hand made wooden articles. The Business generated hand some profit. At the end of the financial year. They submitted ITR within the due date and claiming deduction under section 80-IAB by submitting the relevant documents to the Tax Authority. The Reduction of Tax liability in this way is known as:

The Alternative minimum tax (sec.11S JC) will be calculated on:

The insurance business in India is governed by :
A. The Insurance Act, 1938
B. The Life Insurance Corporation Act, 1956
C. The Marine Insurance Act, 1963
D. The General insurance Business (Nationalization) Act, 1972
E. Insurance Regulatory and Development Authority Act, 1999.
Choose the correct answer from the options given below:

The_______is the fundamental document of the company containing the basic conditions on which the company is incorporated.

Which of the following is true for public and private company?

______tests suggest the buyer being able to recognize an advertisement as belonging to a brand or a firm and/or as one that he or she has seen earlier :

As per the double entry system. the correct sequence of accounting of financial transaction in the books of owner is :
.A.Profit and loss account and balance sheet.
B. Trial balance
C. Ledger
D. Journal Entry
E. Memorandum book.
Choose the cornet answer from the options given below :