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Commerce Questions for Competitive Exams
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Commerce Questions for Competitive Exams
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25 Questions

1. An entry to Rs. 500 was wrongly posted to wages account instead of machinery account - as wages are to be capitalized it is an error of-“
2. Life insurance is a contract of which one of the following ?
3. Given net profit Rs. 1 - 50 - 000 - preference dividend Rs. 25 - 000 taxes Rs. 10 - 000 - Equity capital (Rs.10 each) - Rs. 10 - 00 - 000 what is the Earning per share (EPS)-“
4. Which of the following equation is correct?
5. What does payout ratio mean ?
6. The concept of mixed economy means-“
7. Who is called the Father of Economics?
8. If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes - then blue jeans and tennis shoes are-“
9. The crucial determinant of the size of the market is-“
10. X Ltd. forfeited. 30 shares of Rs. 10 each fully called up for non payment of allotment money of Rs. 3 per share and call money of Rs. 4 per share. These shares are re-issued for Rs. 8 per share fully paid. What is the amount to be transferred to capital reserve account.
11. Which of the following assets in usually not depreciated-“
12. Closing stock Rs. 53 - 400 cost of Goods sold Rs. 75 - 000 - Gross profit Rs. 5 - 000 - Purchases Rs. 82 - 000 What is the amount of opening stock-“
13. Which one of the following is not an element of direction ?
14. Which of the following is not a part of the usual contents of the current file and audit working papers ?
15. Bank overdraft should be classified as-“
16. According to force-field theory - every behaviour is the result of equilibrium between which of the following ?
17. Sometimes an auditor is called upon to review the operations of an enterprise for evaluating their cost-effectiveness. What is this kind of audit generally known as ?
18. When does a body corporate become capable forthwith of exercising all the functions of a company ?
19. The term fixed assets include-“
20. What is Capital Redemption Reserve Account available for ?
21. Which one of the following is not included in the internal check as regards purchases ?
22. Opening stock Rs. 15000 Purchases Rs. 40000 Cost of golds sold Rs. 52000 Sales Rs. 57000 What is the amount of gross profit or loss-“
23. Which of the following should not be considered in a make or buy decision ?
24. If average cost is falling then-“
25. What is a systematic evaluation of a company's activities in a given area of social interest such as environmental protection - workplace safety or community involvement - called ?

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