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
________ 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 labour which can be wholly and directly identified with a particular product is called
(A)
Direct Material
(B)
Direct Labour
(C)
Direct Expenses
(D)
Indirect Material
Question-3
________ are those costs which can be easily, directly and wholly related to a particular cost unit or cost centre.
(A)
Indirect Cost
(B)
Direct Cost
(C)
Fixed Cost
(D)
Variable Cost
Question-4
_______ 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-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
The cost of replacing an asset at current market value is known as
(A)
Expired Cost
(B)
Marginal Cost
(C)
Replacement Cost
(D)
Differential Cost
Question-7
_________ is the unit of measurement in terms of which cost is identified.
(A)
Cost Centre
(B)
Cost Sheet
(C)
Cost Unit
(D)
Overheads
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
________ 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-10
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
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Std 10
ICSE/ISC
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