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Title:

[QUOTE=hemalathaijt;195973][B]Panjab University
OCET 2011
Subject : M.B.E. (Master of Business Economics)
Time : 90 minutes Number of Questions : 75 Maximum Marks : 75[/B]

[B]Model Question List[/B] : [URL]http://exams.puchd.ac.in/show-noticeboard.php[/URL]
[B]Model Question Paper [/B]: [URL]http://exams.puchd.ac.in/includes/noticeboard/20110620193445-16-MBE.pdf[/URL]

1. The term Commerce includes :
(A) Industry (B) Services
(C) Research and Development (D) Trade and Aids to Trade

2. The hinderance of knowledge is removed by :
(A) Banks (B) Insurance
(C) Trade (D) Advertising

3. Industry creats :
(A) Time utility (B) Place utility
(C) Human utility (D) Form utility

4. Poultry is an :
(A) Agricultural activity (B) Construction activity
(C) Manufacturing activity (D) Genetic activity

5. In Barter System goods are exchanged for :
(A) Money (B) Services
(C) Food (D) Goods

6. The liability of a sole proprietor is :
(A) Limited upto profits (B) Limited upto amount invested
(C) Unlimited (D) Limited upto cash at bank

7. The present partership act was passed in :
(A) 1956 (B) 1912
(C) 1932 (D) 1872

8. The minimum number of directors in a private limited company shall be :
(A) 4 (B) 1
(C) 2 (D) 3

9. A partner in a partnership firm :
(A) Cannot transfer his share
(B) Can transfer his share at his will
(C) Can transfer his share with consent of all other partners
(D) Can transfer his share with consent of majority of partners

10. Which of the following defines objects and scope of company ?
(A) Prospectus (B) Articles of Association
(C) Memorandum of Association (D) Registration Certificate

11. The balance of Profit and Loss Account of a business firm shows :
(A) Receipts and Payments (B) Profit or Loss
(C) Assets and Liabilities (D) Income and Expenditure

12. TDS stands for :
(A) Term Deposit Scheme (B) Tax Deduction at Source
(C) Tax Deposit Scheme (D) Time Deposit Services

13. In tax accounting, depreciation is calculated on the basis of :
(A) Straight line method (B) Written down value method
(C) Depletion method (D) Actual cost method

14. The principle of ‘Debit the receiver and credit the giver’ is related to :
(A) Real Account (B) Personal Account
(C) Nominal Account (D) Receipt and Payment Account

15. Income tax is a :
(A) State tax (B) Central tax
(C) Local tax (D) Municipal tax[/QUOTE]

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