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Commerce Knowledge Test
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Commerce Knowledge Test
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25 Questions

1. If profits are 25% of selling price - what is the percentage of profit to cost?
2. Salary payable by Government of India to an Indian Citizen for services outside India-“
3. To obtain the break even point in rupee sales value - total fixed costs are divided by-“
4. Goodwill account is a-“
5. The flow of fund is said to have taken place when-“
6. The total sum of the goods and services produced within a country in a year minus depreciation is called the-“
7. The burden of tax falls more heavily on the seller in a market when-“
8. Median of discrete even series is given by-“
9. Charging of capital expenditure to revenue results in-“
10. Bank overdraft should be classified as-“
11. When capital in the beginning is Rs. 10 - 500 - drawings during the year Rs. 6 - 500 and fresh capital introduced Rs. 3 - 500. What is the amount of capital at the end assuming no profit or loss.
12. In a free market economy the allocation of resources is deter-mined by-“
13. The most appropriate measure of a country's economic growth is its-“
14. The average value of -“4 - -“3 - 0 - 3 - 4 is-“
15. Investment by owner results in-“
16. The income tax deducted from interest paid on debentures is shown on the-“
17. Monopolist can determine-“
18. 'Control' function of management cannot be performed without-“
19. A partner in a firm-“
20. Interim dividend is shown-“
21. Income includes following types of receipts-
22. Which of the following is an extractive industry?
23. X Ltd. purchased land and building worth Rs. 28 - 80 - 000 and in lieu issued debentures of Rs. 100 each at a discount of 4%. What is the number of debentures issued-“
24. When funds from operations are Rs. 42 - 000 and amount of depreciation on plant and machinery is Rs. 5000. What is the amount of net profit.
25. Which of the following committees examined and suggested Financial sector reforms in India-“

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