Smartindia Classroom
CONTENTS
English I
Computer Application
Physics
Chemistry
Biology
Mathematics
History
Geography
Economics(optional)
Commercial Application
Civics
English II
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Question-1
The costs which the society has to bear on account of production of a commodity are called
(A)
Private Costs
(B)
Social Costs
(C)
Money Costs
(D)
Real Costs
Question-2
________ is the cost which is not normally incurred at a given level of output in the condition in which that level of output is normally attained.
(A)
Avoidable Cost
(B)
Normal Cost
(C)
Abnormal Cost
(D)
Variable Cost
Question-3
________ costs are those costs which can be influenced and regulated by the person or level of management which is managing the cost centre.
(A)
Variable Costs
(B)
Controllable Costs
(C)
Uncontrollable Costs
(D)
Fixed Costs
Question-4
_______ are those which cannot be identified easily, directly and wholly with a particular cost unit or cost centre.
(A)
Fixed Cost
(B)
Direct Cost
(C)
Indirect Cost
(D)
Direct Labour
Question-5
_________ are the contractual money payments actually made to the owners of various factors of production.
(A)
Traceable Cost
(B)
Implicit Cost
(C)
Explicit Cost
(D)
Predetermined Cost
Question-6
The expenses which can be wholly and directly identified with a particular product are called
(A)
Direct Labour
(B)
Direct Expenses
(C)
Indirect Expenses
(D)
Indirect Labour
Question-7
_______ are those costs which remain fixed in amount irrespective of changes in the volume of output during a given period of time.
(A)
Indirect Cost
(B)
Direct Cost
(C)
Fixed Cost
(D)
Variable Cost
Question-8
________ are those costs which are estimated or budgeted.
(A)
Historical Cost
(B)
Pre determined Cost
(C)
Implicit Cost
(D)
Traceable Cost
Question-9
________ costs are those costs which vary but not in direct proportion to changes in the volume of production.
(A)
Variable Cost
(B)
Fixed Cost
(C)
Semi fixed Cost
(D)
Direct Cost
Question-10
________ are those expenses which cannot be wholly and directly identified with a specific product or job.
(A)
Direct Expenses
(B)
Indirect Expenses
(C)
Indirect Labour
(D)
Indirect Material
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Std 10
ICSE/ISC
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