Haryana Public Service Commission (HPSC)

Assistant Professor(2025)
MOCK Test No.5
1. Which of the following factor does not affect the internal environment?
(a) Strategy
(b) Structure
(c) Suppliers
(d) Marketing capabilities

2. What is the time limit for filing a complaint to the District Forum?
(a) One year
(b) Two years
(c) Three years
(d) Infinite (There is no such limit)

3. When the first five year plan was started in India?

(a) 1951
(b) 1950
(e) 1952
(d) 1949

4. Amount realised from the sale of old furniture is a

(a) Capital profit
(b) Capital receipt
(c) Revenue receipt
(d) None of the above

5. In case of fund flow statement, ‘Fund’ means

(a) Only the cash
(b) Only capital
(c) Networking capital
(d) None of the above

6. Given:
Debentures : ₹5,00,000
Equity share capital : ₹25.00,000
Cash : ₹1,00,000
Debtor : ₹2,00,000
Debt Equity Ratio will be
(a) 5 : 1
(b) 0.2 : 1
(c) 5.6 : 1
(d) None of these

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7. Given :
Total Assets : ₹8,00,000
Current Liabilities : ₹2,00,000
No. of shares : ₹40,000
Face value per share : ₹10
Value per share will be:
(a) ₹15.00
(b) ₹10.00
(c) ₹20.00
(d) None of these

8. If a share of ₹10, on which an amount of ₹6 has been paid, is forfeited. It can

be reissued at minimum price of
(a) ₹10
(b) ₹6
(c) ₹4
(d) None of these

9. ‘P’ and ‘Q’ are partners, sharing profits in the ratio of 8 : 5 respectively. On
1st April 2016, they admitted R into partnership. The new profit sharing ratio
among P, Q and R is fixed as 6: 4 : 3 respectively. The sacrifice ratio of ‘P’ will be
(a) 2/13
(b) 1/13
(c) 3/13
(d) None of these

10. The study of the effects of output volume on revenue, expenses and net
income is known as
(a) Budgeting
(b) Cash Flow
(c) Cost Flow
(d) Cost Volume Profit Analysis

11. A responsibility centre in which manager is responsible for cost only, is

known as
(a) Cost Centre
(b) Profit Centre
(c) Investment Centre
(d) All of these

12. In which Head, dividend received by Financial Enterprise is shown in the Cash
Flow Statement ?
(a) Operating Activities
(b) Investment Activities
(c) Financial Activities
(d) All of these

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13. Variance analysis is related to
(a) Ratio analysis
(b) Standard costing
(c) Marginal costing
(d) None of these

14. Liquid Ratio is calculated as follows:

(a) Total Assets/Total Liabilities
(b) Current Assets/Current Liabilities
(c) Liquid Assets/Current Liabilities
(d) Current Liabilities/Liquid Assets

15. Which one of the following is Activity Ratio?

(a) Net Profit Ratio
(b) Current Ratio
(c) Debtor Turnover Ratio
(d) None of these

16. Accounting for price level changes is related to

(a) Cost Accounting
(b) Financial Accounting
(c) Management Accounting
(d) Inflation Accounting

17. Contribution is
(a) Sales - Purchase
(b) Sales - Variable Expenses
(c) Sales - Fixed Expenses
(d) None of these

18. AS-3 is related to

(a) Cash Flow Statement
(b) Fund Flow Statement
(c) Accounting for Depreciation
(d) None of these

19. The example of Joint Demand is

(a) Ink and Pen
(b) Newspaper and Magazines
(c) Bus and Train
(d) All of the above

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20. The ‘Concept of Elasticity of Demand’ propounded by
(a) Samuelson
(b) Canon
(c) Marshall
(d) None of these

21. The most important source of wage differentials is

(a) Regional variation
(b) Skills
(c) Unionization
(d) Relative danger

22. The ‘Concept of cross Elasticity of Demand’ was given by

(a) Moor
(b) Marshall
(c) Robert Triffin
(d) None of these

23. Income effect towards Giffin Commodities will be

(a) Positive
(b) Negative
(c) Zero
(d) None of these

24. In which economy, the consumer is called ‘the Emperor’?

(a) Socialism
(b) Mixed
(c) Capitalism
(d) None of these

25. Thought of consumer saving was propounded by

(a) Ducpit
(b) Marshall
(c) Hicks
(d) None of these

26. If production is zero, then fixed cost for short term will be
(a) Positive
(b) Negative
(c) Zero
(d) None of these

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27. Law of Production was propounded by
(a) Robbins
(b) Stiggler
(c) Marshall
(d) None of these

28. Which statement is correct?

(a) Income effect = Price effect + Substitute effect
(b) Substitute effect = Income effect + Price effect
(c) Price effect = Income effect + Substitute effect
(d) None of these

29. ‘Statistics is the science of Counting/ Whose statement is this?

(a) Bowley
(b) King
(c) Seligman
(d) None of these

30. The formula of the Rank correlation Coefficient is

31. The objects of statistical investigation are decided

(a) After the compilation of data
(b) Before the compilation of data
(c) During the compilation of data
(d) None of the above

32. The errors which do not occur in census investigation are

(a) Non-sampling error
(b) Biased error
(c) Sampling error
(d) None of these

33. The lines of regression intersect at the point

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34. What does Accounting software do?
(a) Recording the transactions
(b) Preparing Trial-Balance
(c) Preparing Balance-Sheet
(d) All of the above

35. Computer application in inventory control is helpful in

(a) Present position of stock
(b) Valuation of closing stock
(c) Reduction in cost
(d) All of the above

36. According to ‘Theo Haimann’, the concept of Management are:

(a) 2
(b) 3
(c) 4
(d) None of the above

37. The “Scientific Management Theory” given by

(a) F.W. Taylor
(b) Henry Fayol
(c) George R. Terry
(d) None of these

38. The Theory of Bureaucracy was given by

(a) Henri Fayol
(b) Elton Mayo
(c) Max Weber
(d) None of these

39. The Father of 'Brain storming’ was

(a) Elton Mayo
(b) Alex F. Osborn
(c) Henri Fayol
(d) None of these

40. Which function of Management do not exist without planning?

(a) Organising
(b) Staffing
(c) Directing
(d) Controlling

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41. ‘Managerial Grid’ model of leadership was developed by
(a) Blake and Mouton
(b) Stephen Robbins
(c) Victor Vroom
(d) None of these

42. ‘Grapevine’ communication is type of

(a) Formal Communication
(b) Informal Communication
(c) Vertical Communication
(d) None of these

43. Who was the father of the ‘Modern Management Theory’?

(a) F.W. Taylor
(b) Peter F. Drucker
(c) Henry Fayol
(d) None of these

44. The leadership style which is based on consultation with his group is called
(a) Autocratic style
(b) Democratic style
(c) Free-rein style
(d) None of these

45. The Third stage of Consumer buying decision process is

(a) Evaluation of alternative
(b) Information search
(c) Purchase decision
(d) None of these

46. The concept of Marketing mix consisting of 4 P’s of marketing was given by
(a) Peter F. Drucker
(b) Philip Kotler
(c) E. Gerome McCarthy
(d) None of these

47. The concept of ‘Marketing Myopia’ was given by

(a) E.W. Emerson
(b) Peter F. Drucker
(c) Philip Kotler
(d) Theodore Levitt

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48. Which of the following is fundamental determinant of a person’s wants and
behaviour?
(a) Culture
(b) Family
(e) Perception
(d) None of these

49. A descriptive thought which a person holds about some object is referred to
as
(a) Attitude
(b) Belief
(c) Emotion
(d) None of these

50. At what stage of product life cycle, advertisement expenses is maximum?

(a) Introductory stage
(b) Growth stage
(c) Maturity stage
(d) Decline stage

51. The set of all actual and potential buyers of a product is referred to
(a) A Customer group
(b) An Industry
(c) A Market
(d) None of these

52. Which one of the following is a part of short-term loan?

(a) Debenture
(b) Bank overdraft
(c) Mortgage loan
(d) None of these

53. Which one of the following is related to Capital budgeting?

(a) Liquid Ratio
(b) Net Present Value method
(c) Break-even Point Analysis
(d) None of these

54. The Gross Working Capital means

(a) Total Current Assets + Total Current Liabilities
(b) Total Current Assets – Total Current Liabilities
(c) Total of Current Assets
(d) None of these

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55. Which one of the following is not a Securities Rating Agency?
(a) SEBI
(b) ICRA
(c) CRISIL
(d) None of these

56. Which one of the following is related to operating budgets?

(a) Sales Budget
(b) Purchase Budget
(c) Production Budget
(d) All of the above

57. Given :
Cash in hand : 10,000
Debtor : ₹20,000
Bills receivable : ₹5,000
Plant : ₹5,000
Creditor 15,000
Net Working Capital will be
(a) 25,000
(b) ₹20,000
(c) ₹40,000
(d) None of these

58. Which one of the following is a function of SEBI?

(a) Regulating the working of banks
(b) Issue currency notes
(c) Regulating the working of stock brokers
(d) None of these

59. Given :
Initial investment : ₹50,000
Depreciation per year : ₹2,000
Constant annual cash flow : ₹10,000
Pay back period will be:
(a) 5 years
(b) 5.2 years
(c) 4.8 years
(d) None of these

60. Sources of long term finance will be

(a) Equity Share Capital
(b) Debenture
(c) Preference Share Capital
(d) All of the above

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61. Given:
Sales : ₹1,00,000
Variable cost : ₹50,000
Interest : ₹5,000
Fixed cost : ₹25,000
Operating leverage will be
(a) 4
(b) 2
(c) 6
(d) 1.8

62. Given:
Contribution : ₹1,00,000
Fixed cost : ₹50,000
Interest : 10,000
Income Tax 10,000
Combined leverage will be :
(a) 2.5
(b) 2.0
(c) 1.6
(d) 1.25

63. If the face value of share is ₹10, earning per share is ₹4 and dividend per
share is ₹ 2, then dividend payout ratio will be
(a) 20%
(b) 40%
(c) 25%
(d) 50%

64. Human Resource Management does not have any contribution from which of
the following disciplines?
(a) Psychology
(b) Sociology
(c) Anthropology
(d) Biology

65. Which one of the following is the qualitative method of Demand Forecasting
Technique of Human Resource Planning?
(a) Delphi Technique
(b) Group Brain storming
(c) Work Study Technique
(d) None of these

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66. The ‘Principle of Equal pay for Equal work’ is contained in which Article of the
Indian Constitution?
(a) Article 7
(b) Article 36
(c) Article 39
(d) None of these

67. ‘Extra - mural’ activities relates to:

(a) Safety
(b) Welfare
(c) Health
(d) None of these

68. Under the Factories Act, 1948 provisions for ‘Creche’ is applicable, if
(a) 10 women are employed
(b) 20 women are employed
(c) 30 or more than 30 women are employed
(d) None of these

69. Which of the following theories of labour welfare is based on ‘Man’s love for
Mankind’?
(a) Functional theory
(b) Religious theory
(c) Public Relation Theory
(d) Philanthropic theory

70. Under the Employee’s Provident Fund & Miscellaneous Provisions Act, 1952,
matters provided under the Insurance Scheme are specified under
(a) Schedule -1
(b) Schedule - II
(c) Schedule-III
(d) Schedule-IV

71. The Industrial Development Bank of India (IDBI) was established in

(a) July 01, 1954
(b) July 01, 1964
(c) April 01, 1964
(d) None of the above

72. Profitable investment of a Commercial bank includes

(a) Money at call and short notice
(b) Discounting of bills
(c) Treasury' bills
(d) All of the above

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73. The important organisation of development of small scale industries is
(a) IDBI
(b) EXIMBANK
(c) SIDBI
(d) None of the above

74. Demonetisation of ₹1,000 & ₹500 notes was done in India on

(a) 1 November, 2016
(b) 8th November. 2016
(c) 15th November, 2016
(d) 30th November, 2016

75. When Bank Rate will be lower, creation of credit will be

(a) More
(b) Lesser
(c) Zero
(d ) None of the above

76. ‘NABARD’ provides re-finance for

(a) Short term
(b) Medium term
(c) Longterm
(d) All of the above

77. The Head Office of Reserve Bank of India is situated at

(a) Delhi
(b) Kolkata
(c) Mumbai
(d) Ahmedabad

78. Qualitative credit control include

(a) Bank Rate Policy
(b) Rationing of Credit
(c) Open Market Operation
(d) None of the these

79. Reserve Bank of India was established in

(a) 1935
(b) 1948
(c) 1950
(d) 1951

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80. The Chairman of NABARD is
(a) Governor of R.B.I.
(b) Finance Minister
(c) Deputy Governor of R.B.I.
(d) None of the above

81. The First Report of Narsinihan Committee for the banking sector reforms was
presented
(a) In 1990
(b) In 1991
(c) In 1992
(d) In 1994

82. All transaction of International Monetary Fund are expressed at present in

(a) Gold
(b) US Dollar
(c) SDR
(d) None of these

83. World Trade Organisation came into existence in the year

(a) 1995
(b) 1993
(c) 1991
(d) None of these

84. ‘SAARC’ secretariat is situated at

(a) Pakistan
(b) Bhutan
(c) India
(d) Nepal

85. Which one of the following country is not a member of ASEAN?

(a) Singapore
(b) Brunei
(c) Japan
(d) Thailand

86. In which Head, income from family pension is included under the Income Tax
Act?
(a) Income from Salary
(b) Income from other sources
(c) Income from Business & Profession
(d) Income from House property

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87. In which Section of Income Tax Act, daily allowances received by members
of parliament will be exempted?
(a) 10(3)
(b) 10(15)
(c) 10(16)
(d) 10(17)

88. If Mr. X received ₹14,000 from winning of lottery, then what is the amount of
gross income of winning?
(a) ₹20.000
(b) ₹14,000
(c) ₹16,000
(d) None of these

89. Which Section of the Income Tax Act relates to claim deduction for premium
paid for Health Insurance?
(a) Section 80 C
(b) Section 80 D
(c) Section 80 E
(d) Section 80 G

90. ln which Section of Income Tax Act, the sum received by a member from
Hindu Undivided Family (HUF) wilt be exempted
(a) 10(5)
(b) 10(4)
(c) 10(2)
(d) 10(1)

91. Which Section of the Income Tax Act relates to claim deduction for the
amount of interest received from Bank Saving Account?
(a) 80TTA
(b) 80 E
(c) 80 U
(d) 80 C

92. Income Tax Act Section 24 is related to

(a) Annual value
(b) Deduction income from house property
(c) Municipal tax
(d) None of these

93. In which date, the Income Tax Act is enforced in India?

(a) 1-4-1960
(b) 1-4-1961
(c) 1-4-1962
(d) 1-7-1962

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94. Section 2 (62) of the Companies Act, 2013 is related to
(a) Objects clause
(b) ‘One person’ Company
(c) Name clause
(d) Capital clause

95. Which section of the Companies Act 2013 relates to allotment of corporate
identify number?
(a) Section 7 (4)
(b) Section 7(1)
(c) Section 7 (2)
(d) Section 7 (3)

96. The first annual general meeting of the company must be held
(a) within 3 months from the date of closing of first financial year of the company
(b) within 6 months from the date of closing of first financial year of the company
(c) within 9 months from the date of closing of first financial year of the company
(d) None of these

97. Which of the following Section of SEBI Act prohibits Insider Trading?
(a) Section 12-A
(b) Section 13-A
(c) Section 15-A
(d) None of these

98. Information Technology Act, 2000 is commenced from

(a) 1 April, 2000
(b) 17 October, 2000
(c) 8 November, 2000
(d) 17 November, 2000

99. Which Section of Information Technology Act deals with Hacking Cyber
Terrorism?
(a) 66
(b) 66 A
(c) 66 F
(d) 69

100. What is the time limit for filing appeal against the order of Cyber Appellate
Tribunal under Information Technology Act?
(a) 15 days
(b) 30 days
(c) 45 days
(d) 60 days

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