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CONTENTS
English I
Computer Application
Physics
Chemistry
Biology
Mathematics
History
Geography
Economics(optional)
Commercial Application
Civics
English II
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Question-1
________ or indirect expenses are the expenses which are not directly attributable to a specific job or cost centre.
(A)
Overheads
(B)
Expenses
(C)
Labour Cost
(D)
Cost Centre
Question-2
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-3
_________ is a statement which shows the various elements of total cost.
(A)
Cost Centre
(B)
Cost Sheet
(C)
Cost Unit
(D)
Balance Sheet
Question-4
________ 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
Question-5
The cost of human effort required for converting the material into the finished product is called
(A)
Indirect Material
(B)
Direct Material
(C)
Labour Cost
(D)
Direct Expenses
Question-6
_________ are historical costs which have already been incurred.
(A)
Product Cost
(B)
Shut down Cost
(C)
Sunk Cost
(D)
Shut down Cost
Question-7
_________ costs are those costs which are ascertained after being incurred.
(A)
Traceable Cost
(B)
Historical Cost
(C)
Implicit Cost
(D)
Untraceable Cost
Question-8
________ 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-9
_________ 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-10
________ are those costs which are estimated or budgeted.
(A)
Historical Cost
(B)
Pre determined Cost
(C)
Implicit Cost
(D)
Traceable Cost
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Std 10
ICSE/ISC
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