international commerce olympiad - 2015 · 2017-11-07 · 1 international commerce olympiad -...

Instructions

Dear Aspirant,

This paper contains Four Parts

Part - I : Accountancy - 40 MCQs.

Part - II : Business Studies - 40 MCQs.

Part - III : Business Awareness - 10 MCQs.

Part - IV : Logical Ability & Reasoning - 10 MCQs.

1. This booklet has 15 pages (without cover page) and last two pages are for rough work.

2. Note that this booklet has 110 MCQs.

3. All questions carry 1 mark each. For every wrong answer 0.25 mark will be deducted.

4. All four parts are compulsory. In Part - I, Attempt EITHER “Section-A” (Q. No. 31 to 40) OR

“Section-B” (Q. No. 41 to 50). Attempting both the sections will lead to cancellation of

evaluation of the both the sections.

5. Use of calculator is prohibited.

6. Read the instructions carefully before filling OMR sheet.

7. Use Blue/Black ball pen only for filling OMR sheet.

8. No duplicate OMR Sheet will be provided.

9. Don’t fold the OMR sheet.

10. Don’t break the seal of Question booklet before invigilator’s instruction.

11. Use of unfair means would disqualify the candidate.

Here’s wishing you all the very best for this Olympiad.

Executive Body, CTF.

Roll No. Name _____________________

Time Allowed : 2 Hours. Class : XI Set : A Max. Marks : 100

Regd. Off. : C-206, Pandav Nagar, Near Akshardham, Delhi-110092E-mail : [email protected] Website : www.ctf.org.in

Organised by

Quest for perfectionCOMMERCE TEACHERS’ FOUNDATION

An ISO 9001:2008 Certified Organisation

rr~ Roa iw”ku~ viko`.kqCTF

International Commerce Olympiad - 2015

1 International Commerce Olympiad - 2015/XI

Part- I

Accountancy

1. Which of the following is NOT correct statement(s) related to accounting? (I) Accounting can help the managers to fix selling price of goods. (II) Accounting involves only recording the transactions (III) Accounting is mechanical in nature. Choose the correct option: (a) I and II (b) II and III (c) I and III (d) Only III

2. Which of the following will not be recorded in books of accounts? (a) Investment in shares (b) Use of office stationery for owners’ kids (c) Hiring of new employee (d) Import of goods for exporting them

3. Match the following:

Choose the correct option: (a) A- iv, B- i, C- ii, D- iii (b) A-iii, B-i, C- iv, D- ii (c) A- ii, B- i, C- iv, D- iii (d) A- i, B-iii, C- iv, D- ii

4. By following which Accounting principle “Contingent liabilities shown by way of footnote to accounts” ? (a) Materiality (b) Full Disclosure (c) Prudence (d) Matching

5. What is the full form of GAAP? (a) Generally Accepted Accounting Principles. (b) Generally Applicable Accounting Principles. (c) Government Approved Accounting Principles (d) Government Accredited Accounting Practices.

6. What will be the amount of profit in case of following, under cash basis of accounting? Income received in advance ` 50,000; Accrued Income ` 3,000; Salaries paid ` 70,000 (including ` 5,000 of previous year) and Total sales (30% credit) ` 1,00,000 (a) ` 70,000 (b) ` 53,000 (c) ` 1,20,000 (d) ` 50,000

7. Which of the following statements is most appropriate for Accrued income and Advance income? (a) Former is liability, latter is asset (b) Both are not shown under accrual basis of accounting (c) Former is asset, latter is a liability (d) Both are not shown under cash basis of accounting

Purchases

Capital

Non-current liability

Revenue

A. i.

B. ii.

C. iii.

ivD.

Liability of business towards owner

Buying of Goods for resale

Amount receivable against rendering of services

Liability which is not to be se�led within 12 months

8. How will depreciation be treated under cash basis of accounting? (a) It will be ignored (b) It will be subtracted from total cash receipts, to get profit (c) It will be treated as expense, so added back in profit (d) None of the above

9. “Expenses which are related to current year are only considered for the calculation of profit.” This statement is the outcome of which of the following principle of accounting? (a) Consistency principle (b) Materiality principle (c) Conservatism principle (d) Accrual principle

10. Which principle is formulated based on the understanding that actual profit or loss can be ascertained only at the time of winding up of business but to provide information to users, the life of business is divided into regular intervals? (a) Going concern (b) Accounting period (c) Both a and b (d) None of the above

11. “Closing stock is valued “at cost price or at market price, whichever is less” This is in accordance with which principle of accounting? (a) Conservatism (b) Full disclosure (c) Matching (d) Money measurement

12. Fill in the blank with the correct option: Accounting information is said to be ………………………… if it meets the needs of the users of accounting. (a) Reliable (b) Comparable (c) Consistent (d) Relevant

13. Which of the following will lead to increase in liability and decrease in capital? (a) Accrued income (b) Outstanding salary (c) Prepaid insurance (d) Income received in advance

14. Installment paid for loan ` 25,000 (including ` 15,000 for interest). Choose the correct treatment of the above in the accounting equation. (a) Reduce Asset (cash) by ` 25,000 and Reduce liability (Loan) by ` 25,000. (b) Reduce Asset (Cash) by ` 15,000 and Reduce liability (Loan) by ` 15,000. (c) Reduce Asset (Cash) by ` 25,000 and Reduce liability (Loan) by 15,000 and capital ` 10,000 . (d) Reduce Asset (Cash) by ` 25,000 and Reduce liability (Loan) and capital by `10,000 and ` 15,000 respectively.

15. Which of the following is Not correct about Debit and Credit? (a) Debit increase of Assets, Credit increase of Liabilities. (b) Debit what comes in, Credit what Goes out. (c) Debit all Expenses and Credit all Incomes. (d) Debit the Giver, Credit the Receiver.

16. Name the document required when a business firm returns goods to supplier for goods being defective. (a) Voucher (b) Invoice (c) Debit Note (d) Credit Note

International Commerce Olympiad - 2015/XI2

17. Which is the correct entry for payment by draft to Creditor. Bank charges were also incurred for issuance of Draft? (a) Creditors A/c Dr. To Bank A/c (b) Bank A/c Dr. Bank Charges A/c Dr. To Creditors A/c (c) Bank A/c Dr. To Creditors A/c (d) Creditors A/c Dr. Bank Charges Dr. To Bank A/c

18. What is the correct narration for the given Journal entry? Assets A/c Dr. To Purchase A/c (a) Being Goods used to make an Asset. (b) Being goods returned to supplier and got Machinery in exchange. (c) Being increase in value of asset and decrease in value of stock. (d) None of the above.

19. Credit balance of pass book means___ (a) Excess of credit side over debit side of bank pass book. (b) Excess of debit side over credit side of bank pass book. (c) Both (a) and (b) (d) Either (a) or (b)

20. Which of the following is not an error of principle? (a) Sale of machinery for ` 10,000 credited to sales account (b) Freight paid for bringing a new machinery posted to freight A/c (c) Cash received from Mohan posted to Sohan’s account (d) Building purchased debited to purchase account

21. A credit sale of old furniture to Radha for ` 2,000 was entered into sales book for ` 20,000. While rectifying the error, Radha account will be credited by :

(a) ` 20,000 (b) ` 18,000 (c) ` 2,000 (d) ` 22,000

22. Return of goods amounting to ̀ 2,500 by Mr. Mohan was entered into the purchase return book. While rectifying the error Mohan’s account will be : (a) Credited by ` 2,500 (b) Credited by ` 5,000 (c) No effect (d) Debited by ` 2,500

23. Calculate the owner’s equity as on 31st March, 2015:- Total assets as on 31st March, 2014 were ` 5,00,000; Outside liabilities as on the same date were ` 2,00,000. During the year, bad debts recovered were ` 10,000 and depreciation was ` 7,000; Additional capital ` 70,000. (a) ` 3,76,000 (b) ` 3,70,000 (c) ` 3,00,000 (d) ` 3,73,000


24. Which of the following will be debited if a business purchases goods on credit? (a) Cash (b) Debtor (c) Creditor (d) Purchases

25. The cash book of a trader is showing a favorable balance of ` 15,400. On investigation, it was found that two cheques of ` 4,000 and ` 250 respectively were debited in Cash book but were omitted to be deposited into bank, by the clerk. The pass book must be showing a balance of (a) ` 11,150 (b) ` 19,650 (c) ` 15,400 (d) ` 11,400

26. Central sales tax paid on purchase is a cost, it being not recoverable therefore it is debited to___ (a) Sales account (b) Purchase account (c) Revenue account (d) Cash account

27. Nominal accounts are not balanced but are closed at the end of the year by transfer to (a) Cash flow statement (b) Balance sheet (c) Trial balance (d) Trading A/c or Profit and Loss A/c

28. Discounted a B/R of ` 5000 at 5% through bank. The amount will be shown in___ (a) Dr. side of cash book with ` 4750 in bank column (b) Cr side of cash book with ` 4750 in bank column (c) Dr side of cash book with ` 250 in bank column (d) Cr side of cash book with ` 250 in bank column

29. Paid life insurance premium of a proprietor, it will debit___ (a) Proprietor’s account (b) Drawings account (c) Sundry expenses account (d) Insurance premium account

30. Purchased land for ` 2,00,000 and paid 1 % brokerage and ` 15,000 for registration charges. For this__ (a) Land account will be credited by ` 2,15,000 (b) Purchase account will be debited by ` 2,17,000 (c) Land account will be debited by ` 2,17,000 (d) Land account will be debited by ` 2,00,000

Attempt ANY ONE Section out of Section A and Section BSection - A

(From Q. No. 31 to 40)

31. Puneet has closing stock of ` 30,000 in his books. Should he provide depreciation on it? (a) Yes, because it is a fixed asset (b) No, because it is a fixed asset (c) Yes, because it is a current asset (d) No, because it is a current asset

32. A machine has been purchased for ̀ 3,00,000 on Jan.1, 2014 and depreciation charged on it @ 10% p.a on Written Down Value Method. What will be the book value of machine on March 31,2014.

(a) ` 2,70,000 (b) ` 2,85,000 (c) ` 3,00,000 (d) ` 2,92,500

33. The book value of an asset after two years of providing depreciation on written down value method @ 10% p.a. is ` 89,100. Its original value was___ (a) ` 90,000 (b) ` 1,10,000 (c) ` 1,07,820 (d) ` 98,010


34. Which account will be debited and credited if there is sale of Fixed Asset? (a) Debit Cash/Bank and Credit asset disposal. (b) Debit Cash/Bank and Credit Profit & Loss. (c) Debit Asset Disposal and Credit P&L. (d) Debit P&L and Credit asset disposal.

35. The following balances are appearing in the books of Mr. X on 1st April, 2014 Plant ` 10,00,000 and Provision for Depreciation ` 1,92,000. Depreciation charged @ 20% by written down value method. A part of plant purchased on 1st April 2013 for ` 2,00,000 sold on 1 Oct, 2014 for ` 1,20,000. Calculate the amount of depreciation to be transferred from Provision for Depreciation to Asset (Plant)

Account. (a) ` 80,600 (b) ` 42,400 (c) ` 56,000 (d) ` 40,000

36. On 12 June 2014, Gaurav drew a bill on Manish for 2 months. The due date of the bill will be: (a) 15 August 2014 (b) 12 August 2014 (c) 16 August 2014 (d) 14 August 2014

37. A bill of ` 5,000 is discounted with the banker for ` 4,750. The bill is dishonoured at maturity. The drawee pays 60% of his acceptance. What is the amount of bad debts? (a) ` 2,000 (b) ` 1,900 (c) ` 1800 (d) ` 2100 38. When a bill is endorsed in favour of third party, what journal entry will be passed at the time of maturity of the bill in the books of drawer? (a) Debit cash account and credit bills receivable account (b) Debit cash account and credit drawee account (c) Debit cash account and credit endorsee account (d) No entry will be passed in the books of drawer.

39. The Rebate on a bill shows that the bill - (a) Has been paid after the date of maturity (b) Has been dishonoured (c) Bill has been discounted from bank (d) Has been paid before the date of maturity

40. Noting Charges are finally borne by _____________ (a) Acceptor (b) Drawer (c) Payee (d) Bank

Section -B(From Q. No. 41 to 50)

41. Closing stock appearing in the trial balance is shown : (a) Only in Trading A/c. (b) Only in Balance Sheet. (c) Both in Trading Account and Balance Sheet (d) Only in Profit and Loss A/c.

42. If sales are ` 6,00,000 and Gross profit is 20% on cost then Gross Profit will be : (a) ` 1,20,000 (b) ` 1,25,000 (c) ` 4,00,000 (d) ` 1,00,000.


43. Excess of debit in Profit and Loss account is called: (a) Net profit (b) Net loss (c) Gross profit (d) Gross loss

44. Which of the following is a special type of expenditure which is revenue in nature but its treatment is similar to capital expenditure? (a) Extension of building (b) Repairs of machinery (c) Large scale advertising (d) None of the above

45. What will be recorded in profit and loss account? (a) Capital and revenue expenditure (b) Capital and revenue receipt (c) Capital expenditure and capital receipt (d) Revenue expenditure and revenue receipt

46. On 1.4.2014 a piece of furniture costing ̀ 10,000 and a machine costing ̀ 20,000 were purchased. Charge depreciation@ 10% p.a. on furniture and 5% p.a. on machinery. What amount of furniture and machinery will appear in the balance sheet as at 31 March 2015? (a) Machinery ` 19,000, Furniture ` 9,750 (b) Machinery ` 19,750, Furniture ` 9,000 (c) Machinery ` 19,250, Furniture ` 9,250 (d) Machinery ` 19,000, Furniture ` 9,000

47. While preparing Financial Statements where will you show the item ‘Profit on sale of short-term marketable securities’? (a) Debit side of Profit and Loss A/c (b) Credit side of Profit and Loss A/c (c) Debit side of Trading A/c (d) Asset side of Balance Sheet

48. C’s Trial Balance contains the following information: Bad Debt: ` 4,000., Provision for bad debts: ` 5,000 and Sundry Debtors: ` 25,000 It is desired to create a provision for bad debts at 10% on sundry debtors at the end of the year.

Sundry debtors will appear in the balance sheet at a figure of : (a) ` 22,500 (b) ` 21,000 (c) ` 18,000 (d) ` 15,500

49. Which of the following is not a feature of Balance Sheet? (a) An account which shows the assets and liabilities of a firm (b) It is a method to show the financial position of a business on particular date (c) Debit and credit balances of unclosed ledger accounts are transferred to Balance Sheet (d) Even a single transaction can affect the figures in Balance Sheet

50. A trial balance shows Suspense Account of ` 20,000 in its debit column. How will you treat it while preparing financial statements? (a) By showing On the debit side of Profit &Loss Account (b) By showing On the credit side of Trading Account (c) By showing On the liabilities side of balance sheet (d) By showing On the assets side of balance sheet


Part-II

Business Studies

51. Mrs. Savita wanted to start business of supplying ready made garments. But she was wondering about how much profit or return on investment she would be able to earn. This situation reflects which

characteristic of business? (a) Uncertainty of Return (b) Element of Risk (c) Profit earning (d) Economic activity

52. An American firm, ‘Zebsik Enterprise’ purchased handmade decorative pieces from India, re-packaged and sold them in its own name to Japan. The above transactions represents

(a) Export for Zebsik Enterprise, Import for India and Entrepot for Japan. (b) Import for Zebsik Enterprise, Export for India and Entrepot for Japan. (c) Entrepot for Zebsik Enterprise, Export for India and Import for Japan. (d) Import for Zebsik Enterprise, Entrepot for India and Export for Japan.

53. Which type of industry is Packaging? (a) Processing Industry (b) Tertiary Industry (c) Assembling Industry (d) Primary Industry

54. Sudden rise in the cost of operation is a cause related to which type of business risk? (a) Natural Cause (b) Human Cause (c) Economic Cause (d) Technological Cause

55. ‘It is a democratic large sized organisation having numerous shareholders; the owners having minimum influence in terms of controlling or running the business.” Which form of organisation and the

corresponding limitation is highlighted here? (a) Joint Stock Company – Oligarchic Management (b) Cooperative Society – Government Control (c) Cooperative Society – Inefficiency in Management (d) Joint Stock Company – Impersonal Work Environment

56. Transfer of ownership is easy in case of ____ whereas it is difficult in case of _____. (a) Sole Proprietorship, Joint Stock Company (b) Sole Proprietorship, Partnership (c) Joint Stock Company, Partnership (d) Partnership, Joint Stock Company

57. Which organization can help in protection of traders from exploitation by middlemen and improve their competitive position? (a) Government (b) Chambers of Commerce and Industry (c) Marketing Cooperative Societies (d) Charitable Organizations

58. The concept of ‘Separate Legal Existence’ applies to : (I) Sole proprietorship (II) Partnership (III) Joint stock company (IV) Cooperative society Choose the correct option: (a) III and IV (b) I and III (c) II and III (d) II and IV


59. Which of the following is not a clause of Memorandum of Association? (a) Name clause (b) Director clause (c) Capital clause (d) Objects clause

60. Which of the following is Not the consequence of non registration of a partnership firm? (a) A partner of an unregistrered firm can not file a suit against the firm or other partners (b) The firm can’t file a suit against third parties (c) The firm can’t file a case against the partners (d) The firm can’t continue business legally.

61. Which of the following statement is not correct? (a) A private limited company can have maximum 200 members. (b) A company can refer Table A if it does not prepare its articles of association. (c) A minor as a partner can inspect the books of the firm. (d) One-person company is a company, which has one person as its member.

62. Which one of the following carries the feature of limited liability? (a) Sole Proprietorship, Cooperative society and Company (b) Sole Proprietorship, Cooperative Society and Partnership, (c) Limited Liability Partnership, Cooperative Society and HUF (d) Limited Liability Partnership, Cooperative Society, Company and One Person Company

63. In which condition Government company form of PSU is not suitable? (a) When high degree of public accountability is required. (b) When national security is concerned. (c) When flexibility of operations is required. (d) When goods and services are to be provided at reasonable prices.

64. Identify the type of organization highlighted in the given statement: “It is a government service or private business venture which is operated through a collaboration of government and one or more private sector companies” (a) Joint venture (b) Government company (c) Statutory corporation (d) Public Private Partnership

65. A joint venture may come into existence when___ (a) A foreign investor acquires an interest in an existing local company (b) A local firm acquires interest in a foreign firm (c) Both local and foreign entrepreneurs jointly form a new enterprise (d) None of the above

66. Privatisation of public sector refers to (a) selling debenture of public sector to the private sector (b) selling shares of public sector to the private sector (c) employees are restricted to avail benefits of a public sector enterprise (d) public sector companies competing with private sector


67. Which of the following statements is incorrect with respect to Fire insurance? (a) It has element of protection only (b) Insured must have insurable interest in the subject matter of insurance (c) It is not the actual loss but insured value is payable by insurance company (d) Principle of indemnity applies

68. What is the minimum amount for an electronic transfer of funds in case of RTGS? (a) ` 2,00,000 (b) ` 20,000 (c) ` 50,000 (d) ` 1,00,000

69. “It is the type of deposit account in which the deposit in excess of a particular limit automatically gets converted into fixed deposit”. This deposit is related to___

(a) Recurring Deposit Account (b) Fixed Deposit Account (c) Multiple Option Deposit Account (d) Saving Account

70. Match the following: in column -I Types of services in Column -II Features are given Column - I Column - II A. Social Service (i) Economic motive B. Personal Service (ii) Round the clock C. Business Service (iii) Voluntary Service D. E-service (iv) Different experience by different people Choose the correct option: (a) A – (ii) ; B – (iv) ; C – (i) ; D- (iii) (b) A – (iii) ; B – (iv) ; C – (i) ; D- (ii) (c) A – (iii) ; B – (iv) ; C – (ii) ; D- (i) (d) A – (ii) ; B – (i) ; C – (iv) ; D- (iii)

71. Following are the statements referring to examples of insurable interest (1) Trustee holding the property on the behalf of others (2) A company insuring the life of brand ambassador (3) Father taking insurance policy in the name of his son (4) Wife taking insurance policy in the name of her husband Choose the correct statement (a) 1,2,3 are correct 4 is incorrect (b) 1 and 2 are incorrect but 3 and 4 are correct (c) 1 is incorrect but 2,3 and 4 are correct (d) All are correct

72. In which of the following types of accounts, a depositor can deposit a fixed amount every month for a fixed period?

(a) Multiple Options Deposit Account (b) Recurring Deposit Account (c) Current Deposit Account (d) Fixed Deposit Account

73. It is the right of an insurer who has paid claim under insurance, to call upon other liable insurers to make payment for the loss. Which of the following principle is relevant to the above statement? (a) Principle of Indemnity (b) Principle of Contribution (c) Principle of Subrogation (d) Principle of Utmost good faith

74. A business firm cannot touch but experience the service rendered by any service provider. This refers to which of the following feature of services?

(a) Inseparability (b) Untouchability (c) Inconsistency (d) Involvement


75. Which of the following instruments / method help us to make payment but does not affect our bank balance?

(a) Debit Card (b) Spot Finance (c) Mobile Banking (d) Internet Banking

76. This is not a benefit of e- business (a) Convenience (b) Global reach (c) Paperless society (d) Low personal touch

77. Amazon has collaborated with Micromax which launched new series of phones ‘YU’ and assured its customers to deliver the phones within 3 days. Identify the type of e-commerce network in this trade.

(a) B2B (b) B2C (c) C2B (d) Both B2B and B2C

78. “It refers to contracting out the activities that require greater skill, knowledge, education and expertise to handle”. Which of the following concept is referred in the above statement?

(a) KPO (b) BPO (c) Smart Card (d) Credit Card

79. The statutory warning given on the pack of cigarette can be categorised as___ (a) Business Ethics (b) Social Responsibility (c) Legal Responsibility (d) Both a and b

80. Every businessman is expected to have higher ethical standard because___ (a) they are role-models for others. (b) they have control over society’s resources. (c) they are power-less. (d) they are social servants.

81. Which of the following is capable of doing maximum good to the society? (a) Ethics (b) Business Success (c) Laws and Regulations (d) Professional Management

82. Many telecom companies slashed their ISD call rates substantially after earthquake hit Nepal. This is an example of fulfilling which type of responsibility?

(a) Ethical Responsibility (b) Discretionary Responsibility (c) Economic Responsibility (d) Legal Responsibility

83. A company can meet its working capital requirements by raising: (a) Preference Shares (b) Debentures (c) Equity Shares (d) Public Deposits

84. Who are the primary risk bearers of the company? (a) Debenture holders (b) Equity share holders (c) Preference share holders (d) Creditors

85. Which of the following statements correctly explains the distinction between equity shares and preference shares? (a) Equity shareholders have the priority to receive dividend over preference shares. (b) Equity shares don’t enjoy voting rights over preference shares. (c) Equity dividend keeps on fluctuating and preference dividend remains fixed. (d) Equity shareholders are paid before the payment to preference shareholders.


86. Which of the following source of finance refers to raising funds by a company in USA by issuing ____ to its citizens?

(a) IDR (b) GDR (c) ADR (d) ICD

87. Which of the following is NOT the part of owners’ funds? (a) Retained Earnings (b) Inter Corporate Deposits (c) Preference Shares (d) Global Deposits Receipts

88. The funds required by ‘Snapdeal’ to advertise in the newspapers is an example of (a) Fixed Capital Requirements (b) Working Capital Requirements (c) Ploughing back of Profits (d) Trade Credit

89. Which of the following statements is NOT true? (a) Equity shareholders are called residual owners in the company. (b) Preference shareholders affect the control of equity shareholders. (c) Issuing debentures are usually suitable when earnings are stable. (d) I.C.D. is a short term assistance provided by one company to another

90. For which of the following source of finance, a company is required to mortgage its assets? (a) Equity Shares (b) Preference Shares (c) Debentures (d) Retained Earnings

Part-III

Business Awareness

91. Who among the following has been recently listed at No.1 position as powerful person according to Forbes list?

(a) Mr. Narendra Modi (b) Mr. Vladimir Putin (c) Mr. Bill Gates (d) Mr. Barack Obama

92. Instagram crossed 400 million active users recently. Who owns Instagram ? (a) Google (b) Twitter (c) Facebook (d) Whatsapp

93. Popular mineral water brand “Aquafina” belongs to which of the following Companies? (a) Parle Agro (b) Pepsico, (c) Coca-Cola (d) Tata Global Beverages

94. Which brand launched two new flavours and promoted the concept of flavourism on the occasion of Friendship day? (a) Bournville (b) Nestle (c) Cadbury’s Dairy Milk (d) Amul

95. Name the celebrity who endorses Fast track, Flying Machine Jeans, Herbal life, Fair and Lovely for men, Sangam Suitings etc. (a) Virat Kohli (b) Virendra Sehwag (c) M.S. Dhoni (d) Shahrukh Khan


96. Which of the following online retail chain for grocery is owned by Godrej Group? (a) Big basket (b) Groskart (c) Gopher Grocery (d) Nature’s Basket

97. Which of the following product has the tagline “You are not You when You are hungry” (a) Snickers (b) Dairy Milk (c) Milky bar (d) Perk

98. Which of the following Automobile company follow the tagline “The Ultimate driving machine” (a) BMW (b) Jaguar (c) Volkswagon (d) Audi

99. Pradhan Mantri Jan Dhan Yojana was launched in: (a) August 2013 (b) August 2014 (c) August 2015 (d) December 2014

100. Match the following Name of the Company Product (A) HUL (I) Yippie (B) Nestle (ii) Lays potato chips (C) Pepsi Co. (iii) Maggie (D) ITC (iv) Knorr soups

Choose the correct option:- (a) A- (i) B- (ii), C-(iii), D-(iv) (b) A-(iv), B-(iii), C-(ii), D-(i) (c) A-(iii), B-(i), C-(ii), D-(iv) (d) A-(ii), B-(iii), C-(iv), D-(i)

Part-IVLogical Ability and Reasoning

101. What are the next terms in the following series? 3, 18, 4, 24, 5, 30,__, __ (a) 5, 36 (b) 6, 36 (c) 6, 30 (d) 6, 24

102. Shefali is the sister of the son of Alok ’s son. How is Shefali related to Alok? (a) Sister (b) Grandmother (c) Niece (d) Grand-daughter

103. Today is Friday. The day after 63 days will be? (a) Friday (b) Thursday

(c) Saturday (d) Monday

104. At what time between 9 and 10 o’ clock will the hands of a clock be together? (a) 45 min past 9 (Approx) (b) 30 min past 9 (Approx) (c) 49 min past 9 (Approx) (d) 40 min past 9 (Approx)


105. Ankit started walking towards North. After walking 30 m, he turned towards left and walked 40 m. He then turned left and walked 30m. He again turned left and walked 50 m. How far is he from his original position?

(a) 10 m (b) 40 m (c) 30 m (d) 20 m

106. In a certain code, ‘293’ means ‘roses are red’, ‘637’ means ‘lotus and roses’, ‘523’ means ‘have red roses’. Which of the following means ‘roses’ in that code?

(a) 87 (b) 9 (c) 3 (d) 2

107. In a certain code, ‘CENTRAL’ is written as ‘LARTNEC’. How is ‘SEMINAR’written in that code? (a) NARIMES (b) MESIRAN (c) RANIMES (d) NARISEM

108. ‘Oval’ is related to ‘Circle’ in the same way as ‘Rectangle’s is related to___ (a) Triangle (b) Square (c) Periphery (d) Diagonal

109. Ashish is heavier than Gopal. Mahesh is lighter than Jayesh, Prashant is heavier than Jayesh but lighter than Gopal. Who among them is the heaviest?

(a) Gopal (b) Jayesh (c) Prashant (d) Ashish

110. A group of 1200 persons consisting of captains and soldiers are travelling in the train. For every 15 Soldiers there is one captain. Find the number of captains in the group?

(a) 85 (b) 80 (c) 75 (d) 70



COMING SOON........... FOR CLASS-XIICTF's Quick Score Sample Papers for Accountancy & Business Studies

[Developed by team of Highly experienced teachers & experts]Contact : 91-9810447742, 9953805381, 9910160123

international commerce olympiad - 2015 · 2017-11-07 · 1 international commerce olympiad -...

Documents