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
________ refers to the cost of substances from which the product is made.
(A)
Material Cost
(B)
Labour Cost
(C)
Expenses
(D)
Indirect Material
Question-2
_________ is a statement which shows the various elements of total cost.
(A)
Cost Centre
(B)
Cost Sheet
(C)
Cost Unit
(D)
Balance Sheet
Question-3
_________ 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-4
________ costs are the changes in costs due to changes in the level of activity.
(A)
Opportunity Cost
(B)
Differential Cost
(C)
Marginal Cost
(D)
Replacement Cost
Question-5
________ means the sacrifice, discomfort and pain involved in supplying the factors of production by their owners.
(A)
Money Cost
(B)
Implicit Cost
(C)
Real Cost
(D)
Book Cost
Question-6
_______ 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-7
________ means the amount of money which a producer spends on the production of a particular commodity.
(A)
Real Cost
(B)
Money Cost
(C)
Book Cost
(D)
Social Cost
Question-8
________ are those costs which do not require cash outlays or cash payments.
(A)
Out - of - pocket Cost
(B)
Money Cost
(C)
Book Cost
(D)
Implicit Cost
Question-9
The material which can be easily measured and directly charged to the product are called
(A)
Indirect Material
(B)
Direct Labour
(C)
Direct Material
(D)
Indirect Expenses
Question-10
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
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Std 10
ICSE/ISC
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