R-18 BEFA question bank unit wise

UNIT-1

SHORT QUESTIONS

1)Define Business
2)What are the types of Business Entities?
3)What is the meaning of micro and macro economics?
4)What is macro economics?
5)Define Business economics?
6) Define proprietary ship of business

LONG QUESTIONS
1)Describe business economics and its nature and scope?
2)Explain Business cycle and its phases?
3)Explain nature and scope of business economics?
4) Define Business economics?
5)Define proprietary ship of business?
6) Explain micro and macro economics ?

UNIT-2

SHORT QUESTIONS

1)What is demand and its types?

2)What is demand forecasting?
3)Define elasticity of demand
4)Explain price elasticity of demand
5)Define Demand forecasting
6)Define monopolistic competition

LONG QUESTIONS
1)Explain elasticity of demand & factors governing elasticity of demand?
2)Describe demand forecasting and state the methods of demand forecasting?
3)Explain elasticity of demand and its measurements?
4)Describe demand forecasting and state the methods of demand forecasting?
5)Explain monopoly and monopolistic competition?
6)Explain the difference between perfect competition and imperfect competition?

UNIT-3

SHORT QUESTIONS
1)Define Production function
2)Define Break even analysis
3)Define cost
4)Explain about BEA point
5)Define monopoly
6)Define monopolistic competition

LONG QUESTIONS

1)Explain Break-even Analysis in detail and its importance with neat sketch?
2)Differentiate between perfect and imperfect markets?
3)Explain Costs and its types
4)Explain pricing and types of pricing
5)Explain monopoly and monopolistic competition
6)Explain the difference between perfect competition and imperfect competition

UNIT-4
SHORT QUESTIONS

1)Define Accounting concepts?

2)What is journal and ledger?
3)What are the branches of accounting?
4)What is ledger?
5)Explain the types of account
6)Define journal entry

LONG QUESTIONS
1) Journalize the following transactions in the books of Mr. Hari
2010, June 1 Hari invested Rs.4,00,000 cash in the business
3 Paid into bank Rs.60,000
5 Purchased building for Rs.2,00,000
7 Purchase goods for Rs.60,000
10 Sold goods for Rs.50,000
15 Withdrew cash from bank Rs.8,000
25 Paid electric charges Rs.2,000
30 Paid salary Rs.12,000

2) Prepare Trading and Profit &Loss A/C for the year ended 31.12.2001 and a Balance Sheet as on
that date from the following Trial Balance.

particulars Dr Cr
Rs Rs
Purchases 45000
Debtors 60000
Interest earned 1200
Salaries 9000
Sales 96300
Purchase returns 1500
Wages 6000
Rent 4500
 Sales returns 3000
Bad debts return off 2100
Creditors 36600
Capital 31800
Drawings 7200
Printing and stationary 2400
Insurance 3600
Opening stock 15000
Office expenses 3600
Furniture and fittings 6000
GRAND TOTAL 167400 167400
Adjust the following

a) Closing stock Rs.20000

b) Write off furniture @ 15% per annum.

3) Explain accounting concepts and conventions in detail?

4) Journalise the following transactions in the books of Amrutha.
2012, Jan 1 Amrutha commenced business with cash Rs.50,000
2 Purchased goods for cash Rs.10,000
3 Purchased goods from Mohan Rs.6,000
7 Paid into bank Rs.5,000
10 Purchased furniture Rs.2000
20 Sold goods to Suresh on credit Rs.5,000
25 Cash sales Rs. 3,500
26 Paid to Mohan on account Rs.3,000
31 Paid salaries Rs.2,800

5) Explain the accounting concepts and conventions?

6)Explain in journal, ledger and double entry system?

UNIT-5
SHORT QUESTIONS
1)What is meant by liquidity ratio?
2)What are the types of Ratios?
3)Write formula of current ratio
4)What is ratio analysis
5)Define liquidity ratio
6)Define profitability ratio

LONG QUESTIONS

1)Write a brief note on the importance of ratio analysis to different category of users.
2)

From the following information, calculate

a)Debt-Equity ratio
b)Current ratio
Debentures 1,40,000 Bank 30,000
balance
Long term 70,000 Sundry 70,000
Loans Debtors
General 40,000
reserve
Creditors 66,000
Bills payable 14,000
Share capital 1,20,000
3)What is meant by Ratio analysis? Explain briefly about various types of ratios?
4)Explain liquidity ratio and turnover ratios?
5) Describe ratio analysis and its types
6)What do you understand about ratio analysis? Explain how it is useful for business decision making
and what are its limitations