Mock Test Paper (DI)

Directions: Ghosh Babu surveyed his companies and obtained the following data. Income Tax is paid on profit before tax and the remaining amount is apportioned to dividend and retained earnings . The retained earnings were accumulated into reserves . The reserves at the beginning of 2001 were ₹80 lakh.

Select Data pertaining to Ghosh Babu's Firms                                            (in Lakhs)
1) In which year was the tax per rupee of profit before tax highest ?
a) 2001 b) 2002 c) 2003 d) 2004 

2) In which year was the sales per rupee of share capital least ?
a) 2001 b) 2002 c) 2003 d) cannot be determined 

3) In which year the profit before tax per rupee of sales was the least ?
a) 2001 b) 2002 c) 2003 d) 2004

4) In which year was the percentage addition to reserve over previous year reserves the highest ?
a) 2001 b) 2002 c) 2003 d) 2004 

5) Amount of the reserves at the end of 2004 is :
a) ₹885 lakh b) ₹1085 lakh c) ₹1125 d) none

Directions: Study the figures and answer the questions follow that.

Operating Profit ₹320 lakh in 2002-03
Data Pertaining to a Select Industrial Firm

Operating Profit 2001-02(₹260 lakh)
Data Pertaining to a Select Industrial Firm 
6) The interest in 2002-03 increased over that in the 2001-02 by 
a) 68% b) 58% c) 44% d) 64% 

7) The interest burden in 2002-03 was higher than that in 2001-02 by:
a) ₹50 lakh b) ₹25 lakh c) ₹80 lakh d) n

8) If on an average, 10% rate of interest was charged on borrowed funds , then the total borrowed funds used by this company in the given 2 years amounted to :
a) ₹1220 lakh  b) ₹2060 lakh c) ₹880 lakh d) none 

9) The dividend in 2000-03, as compared to that in 2001-02 was:
a) Higher by 20% 
b) higher by 12 lakh 
c) higher by 32%         d) none

10) The equity base of these companies remained unchanged . Then the total dividend earning by the share-holders in 2001-02 is:
a) ₹104 Lakh b) ₹10.4 Lakh c) ₹ 20.8 Lakh d) none 

Directions : 1st figure shows the distribution of twelve million tonnes of crude oil transported through different modes over specific period of time. 
2nd figure shows the distribution of the cost of transporting this crude oil. The total cost was ₹30 million.
Volume Crude Oil Transported Over a Specific Period 
Distribution of Cost of Transported Crude Oil 
11) The cost in rupees per tonnes of oil moved by air-freight and ship happens to be roughly :
a) 3  b) 2.125 c) 2.23 d) cannot be determined 

12) From the charts given, it appears that the costliest mode of transport is:
a) Road  b) rail  c) pipeline d) ship 

13) If the costs per tonne of transport by pipeline, air and rail are represented by P, Q and R respectively, Which of the following is true ?
a) R> Q>P 
b) P>R>Q 
c) P>Q>R 
d) R> P > Q

Directions: The following table gives the data about the models of shoes produced in various factories of the Nike Shoe Company.
Models of Shoes 
Note: F1 represent 13 factories of the Nike Shoe Company which produce shoes.

14) How many factories produce model-1 or model-2 for women and model-3 for children?
a) 0 b) 1 c) 2 d) 3 

15) Which of the following is true ?
a) All women's model-2 producing factories also produce men's model-3 shoes.
b) All men's model-1 producing factories also produce women's and Children's model-4 shoes.
c) There are exactly four model-3 producing factories , which also produce model-4 but not model-2.
d) Some model-3 producing factories produce model-1, but not men's model-2.

16) How many factories producing children's model-1 shoes either produce men's model-4 shoes or women's model- 3 shoes ?
a) 1 b) 2 c) 3 d) 0 

Directions:  Ghosh Babu has a manufacturing unit. The following graph gives the cost for various numbers of units. Given that profit= revenue - variable cost.  The fixed cost remains constant up to 349 units after which additional investment is to be done on fixed asset. In any case, production cannot be exceed 500 units.
Note: The fixed cost was ₹600 for upto 349 units and it changed to ₹1000 for values above and equal to 350.
17) What is the minimum number of units that need to be produced to make sure that there was no loss ?
a) 50 b) 100 c) 250 d) cannot be determined 

18) How many units should be manufactured such that profit was at least ₹600 ?
a) 200 b) 340 c) 450 d) 300

19) If at the most 400 units can be manufactured, then what is the number of units that can maximize profit per unit ?
a) 400 b) 349 c) 350 d) 250 

20) If the production cannot exceed 450 units, then what is the number of units that can maximize profit per unit ?
a) 409 b) 349 c) 450 d) 350

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