National Level Online quiz on "Basic Mathematical Methods" (Based on Competitive Examination) Date:27.07.2020 To 31.07.2020 Time: 10.00 Am To 9.00 Pm

reetings from Department of  Economics, MUQYYATH SHA SIRGURO  WAKF BOARD COLLEGE, K.K.Nagar, Madurai-20, Tamil Nadu. India. Re -Accredited By NAAC with "B" Grade.(Affiliated to Madurai Kamaraj University).

It is a pleasure to inform you that we are organising a National Level Online quiz on "Basic Mathematical Methods" (Based on Competitive Examination)
Date:27.07.2020 To 31.07.2020
Time: 10.00 Am To 9.00 Pm

This is an effort to create awareness about Mathematics  and prepare for competitive exams.

 Quiz Link : https://forms.gle/Vr31sudMLLRf6GeL9

🌈 *Faculties, Research Scholars ,Students and others can participate
*No registration  Fees
*E-Certificate will be provided for all participants

With Regards,💐💐💐

 🌹.            * *Chairman*
*            Dr. A. MOHAMED ASLAM**
                   * *Principal (i/c) * ,
            M.S.S. Wakf Board College,
 *.              Madurai, Tamil Nadu,
                                  India

 🌹.               **Convenors
                           Dr. K.Nazer Sherif                                                     
              Associate professor &  Head,
               Department of Economics,

                     Dr.V.Veluchamy
                  Associate Professor
              Department of Economics
 
.           *Organizing Secretary
                  Dr.R.Vaheedha Banu
                  Assistant Professor
            Department of Economics

Thank you
 STAY HOME 🏡STAY SAFE😷

Cost concept MCQs

Cost concept MCQs

1. What is the basic concept of cost concept?

A) Cost ascertainment.

B) Tax compliance.

C) Financial audit

D) Profit analysis

Answer: A

2. Process costing is appropriate for which firm?

A) Bricklaying firms

B) Transport firms

C) Hospitals

D) Oil refining firms

Answer: D

3. In how many ways cost classification can be done?

A) Three ways

B) Two ways

C) Four ways

D) Many ways

Answer: D

4. Which cost is incurred even if the company is closed?

A) Sunk cost

B) Historical cost

C) Shutdown cost

D) Imputed cost

Answer: C

5. Direct expenses are also known as

A) Overhead expenses

B) Sundry expenses

C) Chargeable expenses

D) Major expenses

Answer: C

6. Warehouse rent is a part of which cost?

A) Production cost

B) Distribution cost

C) Prime cost

D) Factory cost

Answer: B

7. What is tender?

A) Estimation of cost

B) Estimation of profit

C) Estimation of units

D) Estimation of the selling price

Answer: D

8. A total of all the direct costs is known as

A) Cost of production

B) Cost of sales

C) Prime cost

D) Works cost

Answer: C

9. What item is not included in cost accounting?

A) Product costing

B) Profit-sharing

C) Planning

D) Controlling

Answer: B

10. Toy manufacturing companies use what type of costing?

A) Multiple costing

B) Process costing

C) Unit costing

D) Batch costing

Answer: D